Infosys Limited (INFY) Key Metrics
INFY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $49.58B
- Enterprise value
- $40.94B
- P/E (TTM)
- 15.1 10-yr median 22.5
- Forward P/E
- 13.3
- PEG ratio
- 1.82
- Price / sales
- 2.4 10-yr median 4.0
- Price / book
- 4.5 10-yr median 6.1
- EV / EBITDA
- 8.0 10-yr median 14.3
- Dividend yield
- 4.25% $0.52 a year
- Beta
- 0.12
INFY key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsINFY valuation Price multiples at each fiscal year-end price.
INFY returns How much profit the business earns on the capital it uses.
INFY per-share figures Results divided by the shares outstanding at year-end.
INFY financial health Debt, liquidity and how easily interest is covered.
INFY efficiency & capital use Working capital cycle and where the cash goes.
INFY valuation history
INFY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
INFY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
INFY cash returned to shareholders
INFY price vs earnings per share
INFY key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $53.98B | $75.77B | $73.89B | $72.62B | $105.00B | $79.57B | $35.02B | $47.58B | $40.09B | $35.94B |
| Enterprise value | $51.20B | $72.23B | $71.55B | $71.27B | $102.49B | $76.55B | $72.16B | $44.24B | $36.68B | $32.66B |
| P/E ratio | 16.3 | 24.0 | 23.3 | 24.4 | 35.4 | 30.5 | 15.0 | 21.6 | 16.1 | 16.8 |
| Price / sales | 2.7 | 3.9 | 4.0 | 4.0 | 6.4 | 5.9 | 2.7 | 4.0 | 3.7 | 3.5 |
| Price / book | 5.5 | 6.8 | 7.0 | 7.9 | 10.6 | 7.6 | 4.0 | 5.1 | 4.0 | 3.4 |
| Price / free cash flow | 14.5 | 18.5 | 25.6 | 28.7 | 34.4 | 26.8 | 16.3 | 24.9 | 20.6 | 21.3 |
| Price / operating cash flow | 13.4 | 17.4 | 23.5 | 25.5 | 31.4 | 24.4 | 13.4 | 21.0 | 17.8 | 17.1 |
| EV / sales | 2.5 | 3.7 | 3.9 | 3.9 | 6.3 | 5.6 | 5.6 | 3.7 | 3.4 | 3.2 |
| EV / EBITDA | 10.0 | 14.3 | 14.4 | 16.4 | 22.6 | 18.9 | 23.0 | 13.4 | 12.4 | 11.8 |
| EV / free cash flow | 13.7 | 17.7 | 24.8 | 28.1 | 33.5 | 25.7 | 33.6 | 23.1 | 18.8 | 19.4 |
| Earnings yield | 6.1% | 4.2% | 4.3% | 4.1% | 2.8% | 3.3% | 6.7% | 4.6% | 6.2% | 6.0% |
| Free cash flow yield | 6.9% | 5.4% | 3.9% | 3.5% | 2.9% | 3.7% | 6.1% | 4.0% | 4.9% | 4.7% |
| Dividend yield | 4.0% | 3.2% | 2.4% | 2.3% | 1.6% | 1.5% | 3.9% | 4.1% | 2.9% | 2.9% |
| Shareholder yield (dividends + buybacks) | 7.7% | 3.2% | 2.4% | 4.3% | 3.1% | 1.6% | 6.9% | 4.4% | 8.0% | 2.9% |
| Share price at fiscal year-end | $13.51 | $18.25 | $17.83 | $17.34 | $24.89 | $18.72 | $8.21 | $10.93 | $8.88 | $7.86 |
| Per share | ||||||||||
| Revenue per share | $5.04 | $4.64 | $4.48 | $4.35 | $3.87 | $3.19 | $3.00 | $2.71 | $2.42 | $2.23 |
| Earnings per share | $0.83 | $0.76 | $0.76 | $0.71 | $0.70 | $0.61 | $0.55 | $0.51 | $0.55 | $0.47 |
| Operating cash flow per share | $1.01 | $1.05 | $0.76 | $0.68 | $0.79 | $0.77 | $0.61 | $0.52 | $0.50 | $0.46 |
| Free cash flow per share | $0.93 | $0.98 | $0.70 | $0.61 | $0.72 | $0.70 | $0.50 | $0.44 | $0.43 | $0.37 |
| Cash per share | $0.94 | $1.09 | $0.81 | $0.56 | $0.77 | $0.88 | $0.72 | $0.87 | $0.89 | $1.10 |
| Book value per share | $2.45 | $2.70 | $2.55 | $2.19 | $2.36 | $2.46 | $2.04 | $2.16 | $2.21 | $2.33 |
| Tangible book value per share | $2.05 | $2.34 | $2.30 | $1.93 | $2.11 | $2.19 | $1.82 | $2.02 | $2.12 | $2.18 |
| Dividends per share | $0.53 | $0.58 | $0.43 | $0.41 | $0.40 | $0.29 | $0.32 | $0.45 | $0.26 | $0.23 |
| Capex per share | $0.08 | $0.06 | $0.06 | $0.08 | $0.07 | $0.07 | $0.11 | $0.08 | $0.07 | $0.09 |
| Debt per share | $0.24 | $0.23 | $0.24 | $0.24 | $0.17 | $0.17 | $9.43 | $0.10 | $0.13 | $0.38 |
| Shares outstanding | 4.00B | 4.15B | 4.14B | 4.19B | 4.22B | 4.25B | 4.27B | 4.35B | 4.52B | 4.57B |
| Change in shares outstanding | −3.8% | +0.2% | −1.0% | −0.7% | −0.8% | −0.3% | −2.0% | −3.6% | −1.3% | +0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 31.6% | 29.0% | 32.1% | 31.2% | 29.1% | 27.3% | 25.8% | 22.7% | 24.1% | 21.4% |
| Return on invested capital (ROIC) | 41.0% | 36.5% | 34.9% | 36.3% | 37.2% | 9.1% | 7.9% | 31.4% | 30.3% | 28.9% |
| Return on assets (ROA) | 19.6% | 18.6% | 19.9% | 19.3% | 19.5% | 19.3% | 19.0% | 17.9% | 19.8% | 17.7% |
| Return on tangible assets | 22.3% | 19.9% | 20.5% | 21.0% | 20.4% | 19.1% | 20.6% | 18.9% | 20.9% | 17.6% |
| Free cash flow margin | 18.5% | 21.2% | 15.5% | 13.9% | 18.7% | 21.9% | 16.8% | 16.2% | 17.8% | 16.5% |
| Income quality (OCF / net income) | 1.22 | 1.38 | 0.99 | 0.96 | 1.13 | 1.25 | 1.12 | 1.03 | 0.91 | 0.98 |
| Financial health | ||||||||||
| Total debt | $967.0M | $962.0M | $1.00B | $1.01B | $722.0M | $728.0M | $40.22B | $442.0M | $607.0M | $1.75B |
| Cash & short-term investments | $3.75B | $4.51B | $3.35B | $2.36B | $3.23B | $3.75B | $3.08B | $3.79B | $4.02B | $5.03B |
| Net debt | −$2.79B | −$3.55B | −$2.35B | −$1.35B | −$2.51B | −$3.02B | $37.14B | −$3.35B | −$3.42B | −$3.28B |
| Debt / equity | 0.10 | 0.09 | 0.09 | 0.11 | 0.07 | 0.07 | 4.62 | 0.05 | 0.06 | 0.16 |
| Debt / assets | 0.06 | 0.06 | 0.06 | 0.07 | 0.05 | 0.05 | 3.28 | 0.04 | 0.05 | 0.14 |
| Net debt / EBITDA | −0.55 | −0.70 | −0.47 | −0.31 | −0.55 | −0.75 | 11.86 | −1.02 | −1.16 | −1.18 |
| Current ratio | 1.98 | 2.27 | 2.31 | 1.81 | 2.00 | 2.55 | 2.62 | 2.84 | 3.55 | 3.83 |
| Quick ratio | 1.98 | 2.27 | 2.30 | 1.80 | 1.99 | 2.54 | 2.36 | 2.67 | 3.10 | 3.66 |
| Interest coverage | 86.9 | 82.7 | 68.5 | 12.8 | 139.1 | 126.6 | 113.5 | — | — | — |
| Working capital | $5.40B | $6.35B | $6.07B | $3.86B | $4.43B | $5.04B | $4.46B | $4.95B | $5.51B | $6.12B |
| Invested capital | $7.00B | $7.66B | $8.21B | $7.82B | $7.43B | $7.42B | $45.84B | $6.05B | $6.54B | $7.36B |
| Tangible asset value | $8.26B | $9.75B | $9.56B | $8.13B | $8.95B | $9.39B | $7.75B | $8.79B | $9.58B | $9.95B |
| Net current asset value | $4.31B | $5.19B | $4.80B | $2.54B | $3.30B | $3.98B | $3.65B | $4.79B | $5.38B | $6.07B |
| Graham number | $6.76 | $6.80 | $6.62 | $5.92 | $6.10 | $5.83 | $5.01 | $4.95 | $5.23 | $4.95 |
| Graham net-net per share | $0.45 | $0.68 | $0.57 | $0.09 | $0.32 | $0.58 | $0.57 | $0.77 | $0.93 | $1.06 |
| Capital allocation | ||||||||||
| Dividends paid | $2.13B | $2.42B | $1.78B | $1.70B | $1.70B | $1.23B | $1.36B | $1.96B | $1.16B | $1.03B |
| Share buybacks (net) | $2.01B | $0 | $0 | $1.40B | $1.50B | $72.0M | $1.07B | $118.0M | $2.04B | $0 |
| Dividend payout ratio | 64.4% | 76.5% | 56.1% | 56.9% | 57.5% | 46.9% | 58.3% | 88.9% | 46.5% | 48.2% |
| Dividends + buybacks / free cash flow | 110.9% | 59.1% | 61.7% | 122.1% | 104.9% | 43.7% | 113.2% | 108.4% | 164.3% | 61.1% |
| Capex / revenue | 1.5% | 1.4% | 1.4% | 1.8% | 1.8% | 2.1% | 3.6% | 3.0% | 2.8% | 4.0% |
| Capex / operating cash flow | 7.6% | 6.0% | 8.4% | 11.2% | 8.7% | 8.7% | 17.8% | 15.4% | 13.7% | 19.6% |
| Capex / depreciation | 0.55 | 0.46 | 0.47 | 0.61 | 0.62 | 0.65 | 1.14 | 1.22 | 1.07 | 1.62 |
| Stock-based compensation / revenue | 0.5% | 0.5% | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% | 0.2% | 0.1% | 0.2% |
| R&D / revenue | — | 0.8% | 0.7% | 0.7% | 0.4% | 0.9% | 0.9% | 0.9% | 1.1% | 1.2% |
| SG&A / revenue | 9.9% | 8.5% | 8.5% | 5.0% | 5.3% | 5.8% | 6.6% | 6.6% | 6.6% | 6.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 110.0 | 118.1 | 117.7 | 103.3 | 99.9 | 100.2 | 90.1 | 86.5 | 85.6 | 82.8 |
| Days of inventory on hand | — | 0.6 | 1.0 | 0.7 | 0.7 | 15.0 | 25.0 | 33.9 | 34.7 | 29.7 |
| Days payables outstanding | 12.8 | 13.1 | 13.3 | 14.6 | 15.1 | 15.3 | 13.5 | 9.1 | 5.7 | 4.2 |
| Cash conversion cycle (days) | 97.2 | 105.6 | 105.4 | 89.5 | 85.5 | 100.0 | 101.6 | 111.3 | 114.6 | 108.3 |
| Receivables turnover | 3.32 | 3.09 | 3.10 | 3.53 | 3.65 | 3.64 | 4.05 | 4.22 | 4.26 | 4.41 |
| Payables turnover | 28.53 | 27.90 | 27.49 | 24.99 | 24.14 | 23.83 | 27.06 | 40.25 | 64.23 | 86.52 |
| Inventory turnover | — | 623.49 | 381.62 | 508.36 | 499.82 | 24.25 | 14.61 | 10.77 | 10.52 | 12.28 |
| Asset turnover | 1.19 | 1.14 | 1.17 | 1.18 | 1.07 | 1.00 | 1.04 | 0.96 | 0.87 | 0.84 |
| Average receivables | $6.08B | $6.24B | $5.98B | $5.16B | $4.46B | $3.72B | $3.15B | $2.80B | $2.57B | $2.31B |
| Average payables | $493.5M | $480.5M | $472.0M | $508.5M | $455.5M | $370.5M | $316.0M | $191.0M | $109.0M | $74.5M |
| Average inventory | — | $21.5M | $34.0M | $25.0M | $22.0M | $364.0M | $585.5M | $714.0M | $665.5M | $525.0M |
| Intangibles / total assets | 9.6% | 8.6% | 6.3% | 7.2% | 6.7% | 7.5% | 7.7% | 5.0% | 3.1% | 5.3% |
Computed from INFY's annual financial statements (latest annual report filed June 15, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
INFY valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), Infosys traded at 16.3 times earnings, against a 10-year median of 22.5. Based on the latest twelve months, the trailing P/E is 15.1 and the forward P/E is 13.3. Infosys earned a return on equity of 31.6% and a return on invested capital of 41.0% in fiscal 2026. It ended the year with $967.0 million of debt and $3.8 billion in cash and short-term investments, a net cash position of $2.8 billion. It returned $4.1 billion to shareholders: $2.1 billion in dividends and $2.0 billion in share buybacks, 111% of free cash flow. The share count fell 12.6% from 4.57B to 4.00B over 9 years.
See the INFY income statement, the INFY chart for price history, or the INFY stock overview for the latest quote and news.
INFY key metrics FAQ
What is Infosys's P/E ratio?
Infosys's trailing P/E ratio is 15.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.3. At the end of fiscal 2026 it was 16.3, compared with a 10-year median of 22.5.
What is Infosys's EV/EBITDA?
Infosys's enterprise value was 10.0 times EBITDA at the end of fiscal 2026 (enterprise value $51.2 billion, EBITDA $5.1 billion); the current EV/EBITDA is 8.0.
What is Infosys's return on equity?
Infosys's return on equity (ROE) was 31.6% in fiscal 2026: net income of $3.3 billion on average shareholders' equity of $10.5 billion.
What is Infosys's ROIC?
Infosys's return on invested capital was 41.0% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Infosys have?
Infosys had total debt of $967.0 million at the end of fiscal 2026, a debt-to-equity ratio of 0.10 and more cash than debt.
What is Infosys's dividend yield?
Infosys's forward dividend yield is 4.25%. Infosys paid $2.1 billion in dividends in fiscal 2026 ($0.53 per share), a payout ratio of 64.4%.
Does Infosys buy back its shares?
Yes. Infosys spent $2.0 billion on net share repurchases in fiscal 2026 Shares outstanding changed −3.8% over the year, to 4.00B..
What is Infosys's free cash flow yield?
Infosys generated $3.7 billion of free cash flow in fiscal 2026, a free cash flow yield of 6.9% on its market value at year-end ($54.0 billion).
What is Infosys's current ratio?
Infosys's current ratio was 1.98 at the end of fiscal 2026: current assets were 1.98 times current liabilities.