Nayax Ltd. (NYAX) Key Metrics
NYAX valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $1.72B
- Enterprise value
- $1.67B
- P/E (TTM)
- 218.5
- Forward P/E
- 40.2
- PEG ratio
- —
- Price / sales
- 3.8 10-yr median 3.5
- Price / book
- 6.5 10-yr median 6.4
- EV / EBITDA
- 30.2 10-yr median 42.4
- Dividend yield
- —
- Beta
- −0.14
NYAX key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNYAX valuation Price multiples at each fiscal year-end price.
NYAX returns How much profit the business earns on the capital it uses.
NYAX per-share figures Results divided by the shares outstanding at year-end.
NYAX financial health Debt, liquidity and how easily interest is covered.
NYAX efficiency & capital use Working capital cycle and where the cash goes.
NYAX valuation history
NYAX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NYAX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NYAX cash returned to shareholders
NYAX price vs earnings per share
NYAX key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $1.91B | $1.04B | $631.5M | $646.5M | — | — | — | — |
| Enterprise value | $1.83B | $1.01B | $666.9M | $642.0M | — | — | — | — |
| P/E ratio | 49.6 | — | — | — | — | — | — | — |
| Price / sales | 4.4 | 3.3 | 2.7 | 3.7 | — | — | — | — |
| Price / book | 8.2 | 6.3 | 6.5 | 6.2 | — | — | — | — |
| Price / free cash flow | 26.9 | 58.2 | — | — | — | — | — | — |
| Price / operating cash flow | 24.9 | 24.3 | 71.8 | — | — | — | — | — |
| EV / sales | 4.2 | 3.2 | 2.8 | 3.7 | — | — | — | — |
| EV / EBITDA | 22.9 | 42.4 | 311.2 | — | — | — | — | — |
| EV / free cash flow | 25.9 | 56.1 | — | — | — | — | — | — |
| Earnings yield | 2.0% | −0.5% | −2.5% | −5.8% | — | — | — | — |
| Free cash flow yield | 3.7% | 1.7% | −1.2% | −6.6% | — | — | — | — |
| Dividend yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Share price at fiscal year-end | $50.60 | $29.16 | $19.05 | $19.70 | — | — | — | — |
| Per share | ||||||||
| Revenue per share | $11.51 | $8.78 | $7.10 | $5.29 | $3.95 | $2.42 | $1.96 | $1.50 |
| Earnings per share | $1.02 | −$0.16 | −$0.48 | −$1.14 | −$0.82 | −$0.19 | −$0.16 | −$0.11 |
| Operating cash flow per share | $2.03 | $1.20 | $0.27 | −$0.84 | −$0.42 | $0.20 | −$0.04 | $0.06 |
| Free cash flow per share | $1.88 | $0.50 | −$0.23 | −$1.30 | −$0.71 | −$0.04 | −$0.25 | −$0.09 |
| Cash per share | $10.96 | $2.59 | $1.20 | $1.03 | $2.89 | $0.25 | $0.14 | — |
| Book value per share | $6.14 | $4.62 | $2.94 | $3.19 | $4.36 | $0.38 | $0.45 | — |
| Tangible book value per share | $1.08 | $1.33 | $0.06 | $1.51 | $3.11 | −$0.46 | −$0.19 | — |
| Dividends per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | — |
| Capex per share | $0.15 | $0.70 | $0.50 | $0.46 | $0.29 | $0.24 | $0.21 | $0.14 |
| Debt per share | $8.97 | $1.54 | $2.27 | $0.90 | $0.66 | $1.08 | $0.60 | — |
| Shares outstanding | 37.7M | 35.8M | 33.1M | 32.8M | 30.2M | 32.5M | 32.5M | 32.5M |
| Change in shares outstanding | +5.3% | +7.9% | +1.0% | +8.7% | −7.2% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | 19.4% | −4.3% | −15.7% | −31.7% | −34.4% | −46.1% | −35.9% | — |
| Return on invested capital (ROIC) | 21.0% | 1.9% | −8.4% | −32.7% | −34.3% | −5.1% | −8.2% | — |
| Return on assets (ROA) | 6.0% | −1.5% | −5.7% | −16.8% | −16.0% | −7.7% | −7.6% | — |
| Return on tangible assets | 5.8% | −1.8% | −7.0% | −21.4% | −13.9% | −9.6% | −10.8% | — |
| Free cash flow margin | 16.3% | 5.7% | −3.3% | −24.6% | −18.0% | −1.7% | −12.8% | −5.9% |
| Income quality (OCF / net income) | 1.99 | — | — | — | — | — | — | — |
| Financial health | ||||||||
| Total debt | $337.7M | $54.9M | $75.1M | $29.5M | $20.0M | $35.2M | $19.5M | — |
| Cash & short-term investments | $412.8M | $92.5M | $39.7M | $34.0M | $87.4M | $8.3M | $4.4M | — |
| Net debt | −$75.1M | −$37.6M | $35.4M | −$4.4M | −$67.4M | $26.9M | $15.1M | — |
| Debt / equity | 1.46 | 0.33 | 0.77 | 0.28 | 0.15 | 2.81 | 1.33 | — |
| Debt / assets | 0.40 | 0.13 | 0.23 | 0.13 | 0.09 | 0.38 | 0.28 | — |
| Net debt / EBITDA | −0.94 | −1.58 | 16.54 | — | — | 21.36 | 53.18 | — |
| Current ratio | 2.26 | 1.31 | 1.00 | 1.37 | 2.22 | 0.88 | 0.89 | — |
| Quick ratio | 2.16 | 1.22 | 0.90 | 1.15 | 2.11 | 0.79 | 0.79 | — |
| Interest coverage | 2.0 | 0.4 | -4.4 | -23.9 | -12.5 | -1.2 | -2.4 | 1.1 |
| Working capital | $345.8M | $68.2M | −$373,000 | $40.3M | $85.9M | −$7.7M | −$5.0M | — |
| Invested capital | $156.0M | $127.7M | $133.0M | $100.2M | $64.3M | $39.4M | $29.8M | — |
| Tangible asset value | $40.5M | $47.6M | $1.9M | $49.5M | $93.9M | −$14.9M | −$5.1M | — |
| Net current asset value | −$1.5M | $20.0M | −$22.9M | $24.6M | $71.7M | −$25.7M | −$13.6M | — |
| Graham number | $11.87 | — | — | — | — | — | — | — |
| Graham net-net per share | −$2.15 | −$2.51 | −$3.42 | −$1.81 | $0.71 | −$1.82 | −$0.88 | — |
| Capital allocation | ||||||||
| Dividends paid | $0 | $0 | $0 | $0 | $0 | $1.1M | $0 | — |
| Share buybacks (net) | — | — | — | — | — | $1.1M | — | $481,068 |
| Dividend payout ratio | 0.0% | — | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | 0.0% | 0.0% | — | — | — | — | — | — |
| Capex / revenue | 1.3% | 8.0% | 7.0% | 8.8% | 7.3% | 10.0% | 10.5% | 9.6% |
| Capex / operating cash flow | 7.5% | 58.2% | 188.2% | — | — | 121.1% | — | 255.5% |
| Capex / depreciation | 0.21 | 1.17 | 1.32 | 1.69 | 1.21 | 1.33 | 1.39 | 1.59 |
| Stock-based compensation / revenue | 1.7% | 2.3% | 2.6% | 5.0% | 7.4% | 3.8% | 2.2% | 0.3% |
| R&D / revenue | 7.5% | 8.1% | 12.0% | 12.8% | 16.0% | 11.8% | 11.5% | 9.8% |
| SG&A / revenue | 22.1% | 24.9% | 29.9% | 36.9% | 31.9% | 27.7% | 25.7% | 23.7% |
| Efficiency | ||||||||
| Days sales outstanding | 106.4 | 107.3 | 86.2 | 49.2 | 50.8 | 89.1 | 141.3 | — |
| Days of inventory on hand | 36.8 | 42.7 | 55.0 | 50.7 | 32.7 | 41.9 | 44.5 | — |
| Days payables outstanding | 175.9 | 40.8 | 39.7 | 38.1 | 51.8 | 81.7 | 75.0 | — |
| Cash conversion cycle (days) | -32.8 | 109.2 | 101.5 | 61.7 | 31.8 | 49.4 | 110.8 | — |
| Receivables turnover | 3.43 | 3.40 | 4.23 | 7.42 | 7.18 | 4.10 | 2.58 | — |
| Payables turnover | 2.07 | 8.95 | 9.19 | 9.57 | 7.05 | 4.47 | 4.87 | — |
| Inventory turnover | 9.92 | 8.55 | 6.64 | 7.21 | 11.15 | 8.70 | 8.20 | — |
| Asset turnover | 0.67 | 0.83 | 0.85 | 0.78 | 0.77 | 0.97 | 0.92 | — |
| Average receivables | $126.3M | $92.3M | $55.6M | $23.4M | $16.6M | $19.2M | $24.6M | — |
| Average payables | $115.6M | $19.3M | $16.0M | $11.9M | $10.1M | $9.3M | $7.6M | — |
| Average inventory | $24.2M | $20.2M | $22.2M | $15.7M | $6.4M | $4.8M | $4.5M | — |
| Intangibles / total assets | 22.3% | 27.2% | 29.6% | 23.9% | 17.5% | 29.5% | 29.8% | — |
Computed from NYAX's annual financial statements (latest annual report filed March 9, 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.
NYAX valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Nayax traded at 49.6 times earnings. Based on the latest twelve months, the trailing P/E is 218.5 and the forward P/E is 40.2. Nayax earned a return on equity of 19.4% and a return on invested capital of 21.0% in fiscal 2025. It ended the year with $337.7 million of debt and $412.8 million in cash and short-term investments, a net cash position of $75.1 million. The share count rose 15.8% from 32.5M to 37.7M over 7 years.
See the NYAX income statement, the NYAX chart for price history, or the NYAX stock overview for the latest quote and news.
NYAX key metrics FAQ
What is Nayax's P/E ratio?
Nayax's trailing P/E ratio is 218.5 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 40.2. At the end of fiscal 2025 it was 49.6.
What is Nayax's EV/EBITDA?
Nayax's enterprise value was 22.9 times EBITDA at the end of fiscal 2025 (enterprise value $1.8 billion, EBITDA $79.8 million); the current EV/EBITDA is 30.2.
What is Nayax's return on equity?
Nayax's return on equity (ROE) was 19.4% in fiscal 2025: net income of $38.4 million on average shareholders' equity of $198.2 million.
What is Nayax's ROIC?
Nayax's return on invested capital was 21.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Nayax have?
Nayax had total debt of $337.7 million at the end of fiscal 2025, a debt-to-equity ratio of 1.46 and more cash than debt.
Does Nayax pay a dividend?
Nayax did not pay a dividend in fiscal 2025.
What is Nayax's free cash flow yield?
Nayax generated $70.8 million of free cash flow in fiscal 2025, a free cash flow yield of 3.7% on its market value at year-end ($1.9 billion).
What is Nayax's current ratio?
Nayax's current ratio was 2.26 at the end of fiscal 2025: current assets were 2.26 times current liabilities.