Payoneer Global Inc. (PAYO) Key Metrics
PAYO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.41B
- Enterprise value
- $2.16B
- P/E (TTM)
- 50.9 10-yr median 28.9
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 2.2 10-yr median 3.1
- Price / book
- 3.7 10-yr median 3.3
- EV / EBITDA
- 11.5 10-yr median 14.1
- Dividend yield
- —
- Beta
- 0.88
PAYO key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPAYO valuation Price multiples at each fiscal year-end price.
PAYO returns How much profit the business earns on the capital it uses.
PAYO per-share figures Results divided by the shares outstanding at year-end.
PAYO financial health Debt, liquidity and how easily interest is covered.
PAYO efficiency & capital use Working capital cycle and where the cash goes.
PAYO valuation history
PAYO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PAYO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PAYO cash returned to shareholders
PAYO price vs earnings per share
PAYO key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $2.12B | $3.88B | $2.05B | $1.90B | $1.49B | $3.49B | — | — |
| Enterprise value | $1.77B | $3.40B | $1.47B | $1.39B | $1.05B | $3.42B | — | — |
| P/E ratio | 28.9 | 32.0 | 21.9 | — | — | — | — | — |
| Price / sales | 2.0 | 4.0 | 2.5 | 3.0 | 3.1 | 10.1 | — | — |
| Price / book | 3.0 | 5.4 | 3.1 | 3.5 | 3.1 | 143.4 | — | — |
| Price / free cash flow | 10.2 | 33.3 | 18.3 | 34.5 | — | — | — | — |
| Price / operating cash flow | 9.1 | 21.9 | 12.8 | 22.7 | 74.5 | 365.8 | — | — |
| EV / sales | 1.7 | 3.5 | 1.8 | 2.2 | 2.2 | 9.9 | — | — |
| EV / EBITDA | 9.8 | 18.4 | 9.2 | 43.5 | — | — | — | — |
| EV / free cash flow | 8.6 | 29.2 | 13.2 | 25.2 | — | — | — | — |
| Earnings yield | 3.5% | 3.1% | 4.6% | −0.6% | −2.3% | −0.7% | — | — |
| Free cash flow yield | 9.8% | 3.0% | 5.5% | 2.9% | −0.1% | −0.1% | — | — |
| Dividend yield | — | — | 0.2% | — | 27.3% | — | — | — |
| Shareholder yield (dividends + buybacks) | 8.3% | 3.5% | 2.9% | 0.0% | 30.0% | 0.0% | — | — |
| Share price at fiscal year-end | $5.62 | $10.04 | $5.21 | $5.47 | $7.35 | $10.30 | — | — |
| Per share | ||||||||
| Revenue per share | $2.79 | $2.53 | $2.12 | $1.80 | $2.33 | $1.02 | $3.27 | $0.77 |
| Earnings per share | $0.19 | $0.31 | $0.24 | −$0.03 | −$0.17 | −$0.07 | −$0.01 | −$0.02 |
| Operating cash flow per share | $0.62 | $0.46 | $0.41 | $0.24 | $0.10 | $0.03 | −$0.15 | −$0.02 |
| Free cash flow per share | $0.55 | $0.30 | $0.28 | $0.16 | −$0.00 | −$0.01 | −$0.33 | −$0.05 |
| Cash per share | $1.10 | $1.29 | $1.57 | $1.56 | $2.30 | $0.30 | $1.18 | $0.31 |
| Book value per share | $1.87 | $1.88 | $1.69 | $1.57 | $2.40 | $0.07 | −$0.06 | $0.41 |
| Tangible book value per share | $1.11 | $1.41 | $1.45 | $1.38 | $2.11 | −$0.10 | −$0.22 | $0.41 |
| Dividends per share | — | — | $0.01 | — | $2.01 | — | — | — |
| Capex per share | $0.07 | $0.16 | $0.12 | $0.08 | $0.10 | $0.04 | $0.18 | $0.03 |
| Debt per share | $0.19 | $0.06 | $0.11 | $0.09 | $0.11 | $0.12 | $0.62 | — |
| Shares outstanding | 376.7M | 386.2M | 392.7M | 348.0M | 202.9M | 338.4M | 97.1M | 338.4M |
| Change in shares outstanding | −2.5% | −1.6% | +12.8% | +71.6% | −40.0% | +248.6% | −71.3% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | 10.2% | 17.4% | 15.4% | −2.3% | −13.3% | −250.8% | — | −5.2% |
| Return on invested capital (ROIC) | 25.9% | 76.3% | 118.0% | −28.8% | −877.7% | — | — | −4.4% |
| Return on assets (ROA) | 0.9% | 1.6% | 1.3% | −0.2% | −0.8% | −0.8% | −0.0% | −0.5% |
| Return on tangible assets | 0.8% | 1.6% | 1.3% | −0.2% | −0.7% | −0.7% | −0.0% | −0.5% |
| Free cash flow margin | 19.6% | 11.9% | 13.4% | 8.8% | −0.2% | −1.3% | −9.9% | −6.5% |
| Income quality (OCF / net income) | 3.19 | 1.46 | 1.71 | — | — | — | — | — |
| Financial health | ||||||||
| Total debt | $72.3M | $21.4M | $43.4M | $31.0M | $23.0M | $40.0M | $60.0M | — |
| Cash & short-term investments | $415.5M | $497.5M | $617.0M | $543.3M | $465.9M | $103.0M | $114.9M | $104.0M |
| Net debt | −$343.2M | −$476.1M | −$573.6M | −$512.3M | −$443.0M | −$63.0M | −$54.9M | −$104.0M |
| Debt / equity | 0.10 | 0.03 | 0.07 | 0.06 | 0.05 | 1.65 | — | — |
| Debt / assets | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.03 | — |
| Net debt / EBITDA | −1.89 | −2.57 | −3.58 | −16.01 | — | — | −5.40 | −490.62 |
| Current ratio | 1.00 | 1.00 | 1.09 | 1.08 | 1.10 | 1.04 | 1.09 | 1.13 |
| Quick ratio | 1.00 | 1.00 | 1.09 | 0.11 | 0.12 | 0.06 | 0.11 | 1.13 |
| Interest coverage | 13.7 | — | 58.2 | -2.2 | -137.3 | -9.3 | 8.2 | -0.9 |
| Working capital | $27.2M | −$31.4M | $566.7M | $493.6M | $464.9M | $129.5M | $160.3M | $183.4M |
| Invested capital | $361.2M | $248.7M | $90.7M | $33.0M | $44.1M | −$38.7M | −$60.3M | $34.3M |
| Tangible asset value | $418.6M | $544.6M | $568.1M | $479.9M | $428.4M | −$32.7M | −$21.6M | $138.3M |
| Net current asset value | −$141.2M | −$105.9M | $489.9M | $421.7M | $371.0M | −$74.9M | −$62.5M | $138.3M |
| Graham number | $2.86 | $3.64 | $3.01 | — | — | — | — | — |
| Graham net-net per share | −$20.61 | −$17.19 | −$15.15 | −$7.30 | −$9.23 | −$5.29 | −$9.68 | −$3.95 |
| Capital allocation | ||||||||
| Dividends paid | — | — | $4.5M | — | $407.8M | — | — | — |
| Share buybacks (net) | $174.9M | $137.5M | $55.4M | $0 | $39.8M | $0 | $0 | — |
| Dividend payout ratio | — | — | 4.9% | — | — | — | — | — |
| Dividends + buybacks / free cash flow | 84.7% | 118.0% | 53.7% | 0.0% | — | — | — | — |
| Capex / revenue | 2.6% | 6.2% | 5.8% | 4.6% | 4.4% | 4.1% | 5.4% | 4.2% |
| Capex / operating cash flow | 11.5% | 34.1% | 30.0% | 34.3% | 104.4% | 147.4% | — | — |
| Capex / depreciation | 0.41 | 1.33 | 1.74 | 1.42 | 1.16 | 0.82 | 1.67 | 1.38 |
| Stock-based compensation / revenue | 6.9% | 6.6% | 7.9% | 8.3% | 7.8% | 3.2% | 3.0% | 2.7% |
| R&D / revenue | 14.8% | 13.8% | 14.3% | 18.3% | 17.1% | 15.1% | 10.9% | 11.3% |
| SG&A / revenue | 35.8% | 35.9% | 38.0% | 44.8% | 37.8% | 33.1% | 29.0% | 28.7% |
| Efficiency | ||||||||
| Days sales outstanding | 33.0 | 29.7 | 28.0 | 37.4 | 58.4 | 83.0 | 84.0 | — |
| Days of inventory on hand | — | — | 8,728.0 | 16,973.2 | 14,001.8 | 9,581.7 | 6,607.3 | — |
| Days payables outstanding | 64.8 | 85.5 | 112.7 | 97.4 | 61.9 | 58.7 | 53.8 | — |
| Cash conversion cycle (days) | -31.7 | -55.8 | 8,643.3 | 16,913.2 | 13,998.2 | 9,606.0 | 6,637.6 | — |
| Receivables turnover | 11.05 | 12.29 | 13.04 | 9.75 | 6.25 | 4.40 | 4.35 | — |
| Payables turnover | 5.64 | 4.27 | 3.24 | 3.75 | 5.89 | 6.22 | 6.79 | — |
| Inventory turnover | — | — | 0.04 | 0.02 | 0.03 | 0.04 | 0.06 | — |
| Asset turnover | 0.12 | 0.13 | 0.12 | 0.11 | 0.11 | 0.12 | 0.18 | 0.16 |
| Average receivables | $95.3M | $79.6M | $63.8M | $64.4M | $75.8M | $78.6M | $73.1M | — |
| Average payables | $41.0M | $35.6M | $37.8M | $29.4M | $17.2M | $15.6M | $13.9M | — |
| Average inventory | — | — | $2.92B | $5.12B | $3.89B | $2.55B | $1.71B | — |
| Intangibles / total assets | 3.2% | 2.3% | 1.3% | 1.0% | 1.2% | 1.6% | 0.8% | 0.0% |
Computed from PAYO's annual financial statements (latest annual report filed February 26, 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.
PAYO valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Payoneer Global traded at 28.9 times earnings, against a 8-year median of 28.9. Based on the latest twelve months, the trailing P/E is 50.9. Payoneer Global earned a return on equity of 10.2% and a return on invested capital of 25.9% in fiscal 2025. It ended the year with $72.3 million of debt and $415.5 million in cash and short-term investments, a net cash position of $343.2 million. It returned $174.9 million to shareholders: $0 in dividends and $174.9 million in share buybacks, 85% of free cash flow. The share count rose 11.3% from 338.4M to 376.7M over 7 years.
See the PAYO income statement, the PAYO chart for price history, or the PAYO stock overview for the latest quote and news.
PAYO key metrics FAQ
What is Payoneer Global's P/E ratio?
Payoneer Global's trailing P/E ratio is 50.9 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 28.9, compared with a 8-year median of 28.9.
What is Payoneer Global's EV/EBITDA?
Payoneer Global's enterprise value was 9.8 times EBITDA at the end of fiscal 2025 (enterprise value $1.8 billion, EBITDA $181.2 million); the current EV/EBITDA is 11.5.
What is Payoneer Global's return on equity?
Payoneer Global's return on equity (ROE) was 10.2% in fiscal 2025: net income of $73.2 million on average shareholders' equity of $714.6 million.
What is Payoneer Global's ROIC?
Payoneer Global's return on invested capital was 25.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Payoneer Global have?
Payoneer Global had total debt of $72.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.10 and more cash than debt.
Does Payoneer Global buy back its shares?
Yes. Payoneer Global spent $174.9 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.5% over the year, to 376.7M..
What is Payoneer Global's free cash flow yield?
Payoneer Global generated $206.6 million of free cash flow in fiscal 2025, a free cash flow yield of 9.8% on its market value at year-end ($2.1 billion).
What is Payoneer Global's current ratio?
Payoneer Global's current ratio was 1.00 at the end of fiscal 2025: current assets were 1.00 times current liabilities.