Open Text Corporation (OTEX) Key Metrics
OTEX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $6.17B
- Enterprise value
- $10.62B
- P/E (TTM)
- 9.9 10-yr median 32.4
- Forward P/E
- 6.2
- PEG ratio
- 1.02
- Price / sales
- 1.2 10-yr median 3.2
- Price / book
- 1.4 10-yr median 2.5
- EV / EBITDA
- 5.8 10-yr median 12.0
- Dividend yield
- 4.39% $1.12 a year
- Beta
- 1.02
OTEX key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsOTEX valuation Price multiples at each fiscal year-end price.
OTEX returns How much profit the business earns on the capital it uses.
OTEX per-share figures Results divided by the shares outstanding at year-end.
OTEX financial health Debt, liquidity and how easily interest is covered.
OTEX efficiency & capital use Working capital cycle and where the cash goes.
OTEX valuation history
OTEX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
OTEX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
OTEX cash returned to shareholders
OTEX price vs earnings per share
OTEX key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $5.52B | $7.70B | $8.19B | $11.24B | $10.29B | $13.89B | $11.55B | $11.12B | $9.41B | $8.07B |
| Enterprise value | $10.54B | $13.19B | $13.60B | $19.25B | $13.07B | $16.16B | $14.33B | $12.79B | $11.35B | $10.19B |
| P/E ratio | 8.6 | 17.7 | 17.8 | 73.9 | 26.4 | 43.2 | 50.0 | 38.5 | 40.2 | 7.7 |
| Price / sales | 1.1 | 1.5 | 1.4 | 2.5 | 3.0 | 4.0 | 3.8 | 3.8 | 3.5 | 3.4 |
| Price / book | 1.4 | 2.0 | 2.0 | 2.8 | 2.6 | 3.4 | 2.9 | 2.9 | 2.5 | 2.3 |
| Price / free cash flow | 6.8 | 11.2 | 10.1 | 17.1 | 11.6 | 17.1 | 13.1 | 13.7 | 15.6 | 22.4 |
| Price / operating cash flow | 5.5 | 9.3 | 8.5 | 14.4 | 10.5 | 15.9 | 12.1 | 12.7 | 13.3 | 18.4 |
| EV / sales | 2.0 | 2.6 | 2.4 | 4.2 | 3.8 | 4.6 | 4.7 | 4.4 | 4.2 | 4.4 |
| EV / EBITDA | 7.2 | 8.8 | 6.5 | 15.1 | 11.9 | 12.4 | 14.5 | 12.0 | 12.1 | 14.0 |
| EV / free cash flow | 13.1 | 19.2 | 16.8 | 29.4 | 14.7 | 19.9 | 16.2 | 15.7 | 18.8 | 28.3 |
| Earnings yield | 11.6% | 5.7% | 5.6% | 1.4% | 3.8% | 2.3% | 2.0% | 2.6% | 2.5% | 13.0% |
| Free cash flow yield | 14.6% | 8.9% | 9.9% | 5.8% | 8.6% | 5.8% | 7.6% | 7.3% | 6.4% | 4.5% |
| Dividend yield | 4.9% | 3.5% | 3.3% | 2.3% | 2.3% | 1.5% | 1.6% | 1.5% | 1.5% | 1.5% |
| Shareholder yield (dividends + buybacks) | 13.4% | 10.6% | 5.7% | 2.5% | 5.1% | 2.8% | 1.7% | 1.8% | 1.5% | 1.6% |
| Share price at fiscal year-end | $22.15 | $29.20 | $30.04 | $41.55 | $37.84 | $50.80 | $42.48 | $41.20 | $35.19 | $31.54 |
| Per share | ||||||||||
| Revenue per share | $21.04 | $19.60 | $20.96 | $16.76 | $12.63 | $12.83 | $11.28 | $10.77 | $10.16 | $9.15 |
| Earnings per share | $2.58 | $1.65 | $1.69 | $0.56 | $1.44 | $1.18 | $0.85 | $1.07 | $0.87 | $4.10 |
| Operating cash flow per share | $4.04 | $3.15 | $3.55 | $2.88 | $3.61 | $3.20 | $3.51 | $3.25 | $2.65 | $1.72 |
| Free cash flow per share | $3.24 | $2.61 | $2.97 | $2.42 | $3.27 | $2.97 | $3.24 | $3.01 | $2.26 | $1.41 |
| Cash per share | $3.83 | $4.39 | $4.70 | $4.55 | $6.23 | $5.88 | $6.23 | $3.49 | $2.55 | $1.73 |
| Book value per share | $16.10 | $14.90 | $15.40 | $14.87 | $14.83 | $14.98 | $14.74 | $14.39 | $13.89 | $13.81 |
| Tangible book value per share | −$19.20 | −$21.11 | −$21.19 | −$32.25 | −$8.42 | −$6.51 | −$8.39 | −$3.83 | −$4.34 | −$5.30 |
| Dividends per share | $1.08 | $1.03 | $0.98 | $0.96 | $0.87 | $0.77 | $0.69 | $0.63 | $0.54 | $0.47 |
| Capex per share | $0.80 | $0.54 | $0.58 | $0.46 | $0.34 | $0.23 | $0.27 | $0.24 | $0.39 | $0.31 |
| Debt per share | $23.95 | $25.20 | $24.53 | $34.19 | $16.46 | $14.16 | $16.47 | $9.69 | $9.80 | $10.05 |
| Shares outstanding | 249.4M | 263.6M | 272.6M | 270.5M | 271.9M | 273.5M | 271.8M | 269.9M | 267.5M | 255.8M |
| Change in shares outstanding | −5.4% | −3.3% | +0.8% | −0.5% | −0.6% | +0.6% | +0.7% | +0.9% | +4.6% | +4.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 16.2% | 10.7% | 11.2% | 3.8% | 9.6% | 7.9% | 5.9% | 7.6% | 6.5% | 38.0% |
| Return on invested capital (ROIC) | 8.8% | 9.9% | 6.0% | 5.0% | 8.0% | 5.8% | 6.6% | 7.1% | 5.7% | 10.0% |
| Return on assets (ROA) | 4.8% | 3.1% | 2.9% | 1.1% | 3.9% | 3.2% | 2.5% | 3.7% | 3.1% | 16.6% |
| Return on tangible assets | 14.9% | 10.2% | 10.9% | 3.5% | 10.1% | 8.6% | 5.8% | 9.6% | 8.1% | 40.4% |
| Free cash flow margin | 15.4% | 13.3% | 14.2% | 14.5% | 25.9% | 23.2% | 28.8% | 28.0% | 22.2% | 15.4% |
| Income quality (OCF / net income) | 1.57 | 1.91 | 2.10 | 5.13 | 2.52 | 2.72 | 4.13 | 3.03 | 3.04 | 0.42 |
| Financial health | ||||||||||
| Total debt | $5.97B | $6.64B | $6.69B | $9.25B | $4.47B | $3.87B | $4.48B | $2.61B | $2.62B | $2.57B |
| Cash & short-term investments | $956.0M | $1.16B | $1.28B | $1.23B | $1.69B | $1.61B | $1.69B | $941.0M | $682.9M | $443.4M |
| Net debt | $5.02B | $5.49B | $5.41B | $8.01B | $2.78B | $2.26B | $2.78B | $1.67B | $1.94B | $2.13B |
| Debt / equity | 1.49 | 1.69 | 1.59 | 2.30 | 1.11 | 0.94 | 1.12 | 0.67 | 0.71 | 0.73 |
| Debt / assets | 0.46 | 0.48 | 0.47 | 0.54 | 0.44 | 0.40 | 0.44 | 0.33 | 0.34 | 0.34 |
| Net debt / EBITDA | 3.42 | 3.66 | 2.58 | 6.30 | 2.54 | 1.74 | 2.82 | 1.58 | 2.06 | 2.91 |
| Current ratio | 0.81 | 0.80 | 0.81 | 0.71 | 1.56 | 1.62 | 1.25 | 1.54 | 1.33 | 0.89 |
| Quick ratio | 0.81 | 0.80 | 0.81 | 0.69 | 1.56 | 1.60 | 1.29 | 1.58 | 1.33 | 0.89 |
| Interest coverage | 3.4 | 2.8 | 1.8 | 1.8 | 4.2 | 4.9 | 3.8 | 4.4 | 4.0 | 3.5 |
| Working capital | −$505.5M | −$545.6M | −$523.2M | −$944.4M | $817.1M | $840.2M | $482.2M | $546.6M | $333.0M | −$123.6M |
| Invested capital | $9.03B | $9.42B | $9.60B | $12.04B | $6.81B | $6.36B | $6.79B | $5.56B | $5.65B | $5.66B |
| Tangible asset value | −$4.79B | −$5.56B | −$5.77B | −$8.72B | −$2.29B | −$1.78B | −$2.28B | −$1.03B | −$1.16B | −$1.36B |
| Net current asset value | −$6.97B | −$7.64B | −$7.73B | −$10.79B | −$3.86B | −$3.31B | −$3.84B | −$2.49B | −$2.72B | −$2.94B |
| Graham number | $30.56 | $23.54 | $24.20 | $13.71 | $21.88 | $19.92 | $16.78 | $18.62 | $16.53 | $35.67 |
| Graham net-net per share | −$29.83 | −$30.54 | −$29.94 | −$41.40 | −$15.08 | −$12.86 | −$15.29 | −$10.14 | −$11.06 | −$12.29 |
| Capital allocation | ||||||||||
| Dividends paid | $268.4M | $271.5M | $267.4M | $259.5M | $237.7M | $210.7M | $188.7M | $168.9M | $145.6M | $120.6M |
| Share buybacks (net) | $469.3M | $543.9M | $203.1M | $21.9M | $288.6M | $184.0M | $12.4M | $26.5M | $0 | $8.2M |
| Dividend payout ratio | 41.7% | 62.3% | 58.1% | 170.8% | 60.9% | 65.4% | 81.7% | 58.4% | 62.3% | 11.5% |
| Dividends + buybacks / free cash flow | 91.4% | 118.6% | 58.2% | 42.9% | 59.2% | 48.6% | 22.8% | 24.0% | 24.1% | 35.8% |
| Capex / revenue | 3.8% | 2.8% | 2.8% | 2.7% | 2.7% | 1.8% | 2.4% | 2.2% | 3.9% | 3.4% |
| Capex / operating cash flow | 19.8% | 17.2% | 16.5% | 15.9% | 9.5% | 7.3% | 7.6% | 7.3% | 14.8% | 18.1% |
| Capex / depreciation | 0.33 | 0.22 | 0.20 | 0.19 | 0.18 | 0.12 | 0.13 | 0.14 | 0.23 | 0.23 |
| Stock-based compensation / revenue | 1.5% | 2.0% | 2.5% | 2.9% | 2.0% | 1.5% | 1.0% | 0.9% | 1.0% | 1.3% |
| R&D / revenue | 12.3% | 14.6% | 15.5% | 15.2% | 12.6% | 12.4% | 11.9% | 11.2% | 11.5% | 12.3% |
| SG&A / revenue | 30.0% | 28.8% | 30.5% | 30.7% | 28.9% | 25.2% | 26.8% | 25.0% | 7.6% | 26.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 61.7 | 56.5 | 50.3 | 52.1 | 51.4 | 54.8 | 64.3 | 67.0 | 68.6 | 62.1 |
| Days of inventory on hand | — | — | 3.6 | 9.5 | — | -6.6 | -16.8 | -6.5 | 0.0 | 0.0 |
| Days payables outstanding | 34.9 | 36.6 | 27.0 | 28.5 | 23.3 | 13.0 | 12.4 | 13.0 | 13.2 | 14.5 |
| Cash conversion cycle (days) | 26.7 | 19.9 | 26.9 | 33.0 | 28.1 | 35.2 | 35.1 | 47.5 | 55.4 | 47.6 |
| Receivables turnover | 5.92 | 6.46 | 7.25 | 7.01 | 7.10 | 6.66 | 5.68 | 5.45 | 5.32 | 5.88 |
| Payables turnover | 10.45 | 9.98 | 13.52 | 12.79 | 15.68 | 27.98 | 29.48 | 28.03 | 27.63 | 25.12 |
| Inventory turnover | — | — | — | 38.59 | — | — | — | — | 1,180,017,992.00 | 998,502,443.00 |
| Asset turnover | 0.39 | 0.37 | 0.37 | 0.33 | 0.35 | 0.35 | 0.34 | 0.37 | 0.36 | 0.37 |
| Average receivables | $886.3M | $800.1M | $787.8M | $646.5M | $483.6M | $526.7M | $540.1M | $533.3M | $511.0M | $398.1M |
| Average payables | $131.9M | $143.7M | $157.0M | $138.3M | $85.7M | $49.5M | $43.9M | $44.0M | $42.7M | $39.8M |
| Average inventory | — | — | $21.0M | $45.9M | — | −$24.9M | −$59.6M | −$22.0M | $1 | $1 |
| Intangibles / total assets | 67.2% | 68.9% | 70.2% | 74.6% | 62.1% | 61.2% | 61.4% | 62.0% | 62.8% | 65.4% |
Computed from OTEX's annual financial statements (latest annual report filed August 6, 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.
OTEX valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), Open Text traded at 8.6 times earnings, against a 10-year median of 32.4. Based on the latest twelve months, the trailing P/E is 9.9 and the forward P/E is 6.2. Open Text earned a return on equity of 16.2% and a return on invested capital of 8.8% in fiscal 2026. It ended the year with $6.0 billion of debt and $956.0 million in cash and short-term investments, net debt of $5.0 billion. It returned $737.7 million to shareholders: $268.4 million in dividends and $469.3 million in share buybacks, 91% of free cash flow.
See the OTEX income statement, the OTEX chart for price history, or the OTEX stock overview for the latest quote and news.
OTEX key metrics FAQ
What is Open Text's P/E ratio?
Open Text's trailing P/E ratio is 9.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 6.2. At the end of fiscal 2026 it was 8.6, compared with a 10-year median of 32.4.
What is Open Text's EV/EBITDA?
Open Text's enterprise value was 7.2 times EBITDA at the end of fiscal 2026 (enterprise value $10.5 billion, EBITDA $1.5 billion); the current EV/EBITDA is 5.8.
What is Open Text's return on equity?
Open Text's return on equity (ROE) was 16.2% in fiscal 2026: net income of $643.0 million on average shareholders' equity of $4.0 billion.
What is Open Text's ROIC?
Open Text's return on invested capital was 8.8% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Open Text have?
Open Text had total debt of $6.0 billion at the end of fiscal 2026, a debt-to-equity ratio of 1.49 and $5.0 billion of net debt (3.42 times EBITDA).
What is Open Text's dividend yield?
Open Text's forward dividend yield is 4.39%. Open Text paid $268.4 million in dividends in fiscal 2026 ($1.08 per share), a payout ratio of 41.7%.
Does Open Text buy back its shares?
Yes. Open Text spent $469.3 million on net share repurchases in fiscal 2026 Shares outstanding changed −5.4% over the year, to 249.4M..
What is Open Text's free cash flow yield?
Open Text generated $807.5 million of free cash flow in fiscal 2026, a free cash flow yield of 14.6% on its market value at year-end ($5.5 billion).
What is Open Text's current ratio?
Open Text's current ratio was 0.81 at the end of fiscal 2026: current assets were 0.81 times current liabilities.