OSI Systems, Inc. (OSIS) Key Metrics
OSIS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.11B
- Enterprise value
- $3.84B
- P/E (TTM)
- 21.8 10-yr median 24.4
- Forward P/E
- 17.8
- PEG ratio
- 1.49
- Price / sales
- 1.7 10-yr median 1.6
- Price / book
- 3.8 10-yr median 2.9
- EV / EBITDA
- 14.8 10-yr median 13.6
- Dividend yield
- —
- Beta
- 1.21
OSIS key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsOSIS valuation Price multiples at each fiscal year-end price.
OSIS returns How much profit the business earns on the capital it uses.
OSIS per-share figures Results divided by the shares outstanding at year-end.
OSIS financial health Debt, liquidity and how easily interest is covered.
OSIS efficiency & capital use Working capital cycle and where the cash goes.
OSIS valuation history
OSIS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
OSIS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
OSIS cash returned to shareholders
OSIS price vs earnings per share
OSIS key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.78B | $3.86B | $2.39B | $2.03B | $1.53B | $1.87B | $1.39B | $2.11B | $1.44B | $1.48B |
| Enterprise value | $4.42B | $4.44B | $2.84B | $2.34B | $1.86B | $2.09B | $1.67B | $2.36B | $1.72B | $1.66B |
| P/E ratio | 24.4 | 25.8 | 18.6 | 22.1 | 13.2 | 25.2 | 18.4 | 32.5 | — | 70.2 |
| Price / sales | 2.1 | 2.3 | 1.6 | 1.6 | 1.3 | 1.6 | 1.2 | 1.8 | 1.3 | 1.5 |
| Price / book | 4.5 | 4.1 | 2.8 | 2.8 | 2.4 | 2.9 | 2.4 | 3.8 | 2.9 | 2.6 |
| Price / free cash flow | 15.4 | 68.9 | — | 32.4 | 45.8 | 17.1 | 14.7 | 23.7 | 16.4 | 36.5 |
| Price / operating cash flow | 13.7 | 39.6 | — | 21.4 | 23.9 | 13.4 | 10.7 | 17.7 | 10.8 | 23.6 |
| EV / sales | 2.5 | 2.6 | 1.8 | 1.8 | 1.6 | 1.8 | 1.4 | 2.0 | 1.6 | 1.7 |
| EV / EBITDA | 16.9 | 17.0 | 12.3 | 13.5 | 11.0 | 13.1 | 10.8 | 14.4 | 13.6 | 16.0 |
| EV / free cash flow | 18.0 | 79.1 | — | 37.4 | 55.7 | 19.1 | 17.6 | 26.5 | 19.6 | 40.9 |
| Earnings yield | 4.1% | 3.9% | 5.4% | 4.5% | 7.6% | 4.0% | 5.4% | 3.1% | −2.0% | 1.4% |
| Free cash flow yield | 6.5% | 1.5% | −5.3% | 3.1% | 2.2% | 5.9% | 6.8% | 4.2% | 6.1% | 2.7% |
| Dividend yield | — | — | — | 0.4% | 0.3% | 0.3% | 0.4% | 0.4% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 7.2% | 2.1% | 1.0% | 2.1% | 7.6% | 2.3% | 4.2% | 1.4% | 4.4% | 3.3% |
| Share price at fiscal year-end | $218.70 | $224.86 | $137.52 | $117.83 | $85.44 | $101.64 | $74.64 | $112.63 | $77.33 | $75.15 |
| Per share | ||||||||||
| Revenue per share | $103.36 | $99.73 | $88.67 | $74.37 | $66.21 | $62.37 | $62.69 | $63.15 | $58.59 | $48.81 |
| Earnings per share | $8.95 | $8.71 | $7.38 | $5.34 | $6.45 | $4.03 | $4.05 | $3.46 | −$1.57 | $1.07 |
| Operating cash flow per share | $15.97 | $5.68 | −$5.04 | $5.52 | $3.57 | $7.56 | $6.95 | $6.36 | $7.16 | $3.19 |
| Free cash flow per share | $14.20 | $3.27 | −$7.31 | $3.64 | $1.86 | $5.96 | $5.09 | $4.75 | $4.70 | $2.06 |
| Cash per share | $20.82 | $6.19 | $5.49 | $4.46 | $3.59 | $4.38 | $4.09 | $5.15 | $4.56 | $8.62 |
| Book value per share | $48.20 | $55.37 | $49.76 | $42.24 | $35.73 | $34.80 | $30.76 | $29.47 | $26.33 | $28.91 |
| Tangible book value per share | $13.54 | $22.14 | $21.46 | $13.72 | $9.16 | $10.44 | $7.16 | $5.97 | $2.97 | $10.60 |
| Dividends per share | — | — | — | $0.45 | $0.27 | $0.30 | $0.33 | $0.49 | $0.00 | $0.00 |
| Capex per share | $1.77 | $2.42 | $2.27 | $1.88 | $1.71 | $1.60 | $1.85 | $1.61 | $2.46 | $1.13 |
| Debt per share | $57.93 | $39.72 | $31.83 | $22.87 | $22.01 | $16.37 | $19.10 | $18.51 | $19.59 | $17.63 |
| Shares outstanding | 17.3M | 17.2M | 17.4M | 17.2M | 17.9M | 18.4M | 18.6M | 18.7M | 18.6M | 19.7M |
| Change in shares outstanding | +0.6% | −1.0% | +1.0% | −3.8% | −2.8% | −1.1% | −0.6% | +0.7% | −5.6% | −1.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.3% | 16.5% | 16.1% | 13.5% | 18.0% | 12.2% | 13.4% | 12.4% | −5.5% | 3.8% |
| Return on invested capital (ROIC) | 11.7% | 12.3% | 12.7% | 10.7% | 11.0% | 10.1% | 11.1% | 8.6% | 3.7% | 4.1% |
| Return on assets (ROA) | 6.5% | 7.2% | 7.3% | 6.1% | 8.2% | 5.6% | 5.9% | 5.1% | −2.3% | 1.9% |
| Return on tangible assets | 8.1% | 9.0% | 8.9% | 8.6% | 11.9% | 7.9% | 9.1% | 7.9% | −3.5% | 2.4% |
| Free cash flow margin | 13.7% | 3.3% | −8.2% | 4.9% | 2.8% | 9.6% | 8.1% | 7.5% | 8.0% | 4.2% |
| Income quality (OCF / net income) | 1.78 | 0.65 | −0.68 | 1.03 | 0.55 | 1.88 | 1.72 | 1.84 | — | 2.98 |
| Financial health | ||||||||||
| Total debt | $1.00B | $682.3M | $552.4M | $393.1M | $393.3M | $301.1M | $355.2M | $346.6M | $364.2M | $347.1M |
| Cash & short-term investments | $359.8M | $106.4M | $95.4M | $76.8M | $64.2M | $80.6M | $76.1M | $96.3M | $84.8M | $169.7M |
| Net debt | $641.2M | $575.9M | $457.0M | $316.3M | $329.1M | $220.5M | $279.1M | $250.2M | $279.4M | $177.5M |
| Debt / equity | 1.20 | 0.72 | 0.64 | 0.54 | 0.62 | 0.47 | 0.62 | 0.63 | 0.74 | 0.61 |
| Debt / assets | 0.40 | 0.30 | 0.29 | 0.25 | 0.27 | 0.22 | 0.28 | 0.27 | 0.29 | 0.28 |
| Net debt / EBITDA | 2.45 | 2.21 | 1.98 | 1.82 | 1.96 | 1.38 | 1.81 | 1.53 | 2.22 | 1.71 |
| Current ratio | 3.15 | 2.04 | 1.49 | 1.47 | 1.22 | 2.06 | 1.87 | 1.68 | 1.47 | 1.89 |
| Quick ratio | 2.34 | 1.46 | 1.00 | 0.88 | 0.67 | 1.20 | 1.14 | 0.96 | 0.76 | 1.17 |
| Interest coverage | 8.3 | 6.4 | 6.8 | 6.8 | 13.6 | 6.9 | 5.6 | 4.2 | 2.9 | 3.5 |
| Working capital | $1.10B | $725.9M | $400.9M | $268.2M | $132.2M | $364.6M | $287.6M | $258.9M | $207.4M | $306.9M |
| Invested capital | $1.47B | $1.53B | $1.32B | $1.04B | $967.5M | $860.3M | $851.3M | $802.0M | $768.9M | $746.7M |
| Tangible asset value | $233.9M | $380.4M | $372.5M | $235.8M | $163.7M | $191.9M | $133.2M | $111.7M | $55.2M | $208.6M |
| Net current asset value | −$57.8M | $132.7M | $143.0M | $10.4M | −$58.6M | −$35.1M | −$78.7M | −$72.2M | −$115.6M | −$7.9M |
| Graham number | $98.54 | $104.17 | $90.93 | $71.24 | $72.03 | $56.15 | $52.92 | $47.91 | — | $26.39 |
| Graham net-net per share | −$30.58 | −$20.48 | −$16.83 | −$17.34 | −$19.17 | −$15.83 | −$15.98 | −$16.09 | −$19.72 | −$10.77 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $7.7M | $4.8M | $5.5M | $6.1M | $9.2M | $0 | $0 |
| Share buybacks (net) | $271.9M | $80.4M | $23.3M | $34.7M | $111.6M | $37.5M | $51.8M | $21.0M | $62.9M | $48.5M |
| Dividend payout ratio | — | — | — | 8.4% | 4.2% | 7.5% | 8.1% | 14.1% | — | 0.0% |
| Dividends + buybacks / free cash flow | 110.8% | 143.4% | — | 67.9% | 349.4% | 39.2% | 61.1% | 34.0% | 72.0% | 119.5% |
| Capex / revenue | 1.7% | 2.4% | 2.6% | 2.5% | 2.6% | 2.6% | 3.0% | 2.6% | 4.2% | 2.3% |
| Capex / operating cash flow | 11.1% | 42.5% | — | 34.0% | 47.8% | 21.2% | 26.6% | 25.4% | 34.3% | 35.4% |
| Capex / depreciation | 0.72 | 0.95 | 0.93 | 0.84 | 0.79 | 0.67 | 0.69 | 0.54 | 0.65 | 0.33 |
| Stock-based compensation / revenue | 1.5% | 1.9% | 1.9% | 2.3% | 2.4% | 2.3% | 2.0% | 2.1% | 2.2% | 2.7% |
| R&D / revenue | 4.4% | 4.3% | 4.2% | 4.6% | 5.0% | 4.7% | 4.9% | 4.8% | 5.6% | 5.3% |
| SG&A / revenue | 15.6% | 17.0% | 17.5% | 17.9% | 19.9% | 21.0% | 21.6% | 22.2% | 22.0% | 20.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 163.7 | 158.3 | 122.0 | 98.3 | 93.9 | 90.8 | 79.6 | 69.3 | 69.9 | 66.1 |
| Days of inventory on hand | 125.9 | 130.5 | 133.2 | 144.6 | 151.1 | 134.4 | 126.1 | 142.6 | 147.0 | 149.4 |
| Days payables outstanding | 57.2 | 64.2 | 59.8 | 56.9 | 64.1 | 56.8 | 43.7 | 48.7 | 47.9 | 41.7 |
| Cash conversion cycle (days) | 232.4 | 224.5 | 195.5 | 186.1 | 180.9 | 168.5 | 161.9 | 163.3 | 169.1 | 173.8 |
| Receivables turnover | 2.23 | 2.31 | 2.99 | 3.71 | 3.89 | 4.02 | 4.59 | 5.26 | 5.22 | 5.52 |
| Payables turnover | 6.38 | 5.68 | 6.11 | 6.42 | 5.70 | 6.43 | 8.35 | 7.50 | 7.62 | 8.76 |
| Inventory turnover | 2.90 | 2.80 | 2.74 | 2.52 | 2.42 | 2.72 | 2.90 | 2.56 | 2.48 | 2.44 |
| Asset turnover | 0.75 | 0.82 | 0.88 | 0.85 | 0.84 | 0.86 | 0.92 | 0.94 | 0.88 | 0.87 |
| Average receivables | $801.2M | $742.9M | $514.5M | $344.4M | $304.5M | $285.4M | $254.1M | $224.6M | $208.6M | $174.1M |
| Average payables | $187.1M | $198.2M | $165.1M | $132.1M | $133.2M | $113.1M | $89.2M | $100.2M | $91.5M | $72.8M |
| Average inventory | $411.4M | $402.6M | $368.0M | $336.0M | $314.1M | $267.7M | $257.5M | $293.6M | $281.0M | $260.9M |
| Intangibles / total assets | 23.9% | 25.5% | 25.4% | 31.5% | 32.9% | 32.4% | 34.6% | 34.8% | 34.6% | 29.3% |
Computed from OSIS's annual financial statements (latest annual report filed August 21, 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.
OSIS valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), OSI Systems traded at 24.4 times earnings, against a 10-year median of 24.4. Based on the latest twelve months, the trailing P/E is 21.8 and the forward P/E is 17.8. OSI Systems earned a return on equity of 17.3% and a return on invested capital of 11.7% in fiscal 2026. It ended the year with $1.0 billion of debt and $359.8 million in cash and short-term investments, net debt of $641.2 million. It returned $271.9 million to shareholders: $0 in dividends and $271.9 million in share buybacks, 111% of free cash flow. The share count fell 12.2% from 19.7M to 17.3M over 9 years.
See the OSIS income statement, the OSIS chart for price history, or the OSIS stock overview for the latest quote and news.
OSIS key metrics FAQ
What is OSI Systems's P/E ratio?
OSI Systems's trailing P/E ratio is 21.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 17.8. At the end of fiscal 2026 it was 24.4, compared with a 10-year median of 24.4.
What is OSI Systems's EV/EBITDA?
OSI Systems's enterprise value was 16.9 times EBITDA at the end of fiscal 2026 (enterprise value $4.4 billion, EBITDA $261.6 million); the current EV/EBITDA is 14.8.
What is OSI Systems's return on equity?
OSI Systems's return on equity (ROE) was 17.3% in fiscal 2026: net income of $154.7 million on average shareholders' equity of $892.0 million.
What is OSI Systems's ROIC?
OSI Systems's return on invested capital was 11.7% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does OSI Systems have?
OSI Systems had total debt of $1.0 billion at the end of fiscal 2026, a debt-to-equity ratio of 1.20 and $641.2 million of net debt (2.45 times EBITDA).
Does OSI Systems buy back its shares?
Yes. OSI Systems spent $271.9 million on net share repurchases in fiscal 2026 Shares outstanding changed +0.6% over the year, to 17.3M..
What is OSI Systems's free cash flow yield?
OSI Systems generated $245.3 million of free cash flow in fiscal 2026, a free cash flow yield of 6.5% on its market value at year-end ($3.8 billion).
What is OSI Systems's current ratio?
OSI Systems's current ratio was 3.15 at the end of fiscal 2026: current assets were 3.15 times current liabilities.