PaySign, Inc. (PAYS) Key Metrics
PAYS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $835.6M
- Enterprise value
- $693.7M
- P/E (TTM)
- 54.8 10-yr median 42.3
- Forward P/E
- 29.6
- PEG ratio
- —
- Price / sales
- 8.3 10-yr median 3.4
- Price / book
- 11.6 10-yr median 6.6
- EV / EBITDA
- 25.6 10-yr median 19.0
- Dividend yield
- —
- Beta
- 0.83
PAYS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPAYS valuation Price multiples at each fiscal year-end price.
PAYS returns How much profit the business earns on the capital it uses.
PAYS per-share figures Results divided by the shares outstanding at year-end.
PAYS financial health Debt, liquidity and how easily interest is covered.
PAYS efficiency & capital use Working capital cycle and where the cash goes.
PAYS valuation history
PAYS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PAYS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PAYS cash returned to shareholders
PAYS price vs earnings per share
PAYS key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $307.2M | $167.9M | $151.7M | $136.6M | $81.6M | $228.6M | $553.7M | $183.0M | $35.1M | $14.5M |
| Enterprise value | $300.2M | $160.0M | $138.0M | $130.5M | $78.2M | $225.1M | $545.5M | $177.4M | $32.3M | $13.0M |
| P/E ratio | 40.7 | 44.0 | 23.5 | 132.9 | — | — | 74.3 | 70.7 | 19.6 | 10.3 |
| Price / sales | 3.7 | 2.9 | 3.2 | 3.6 | 2.8 | 9.5 | 16.0 | 7.8 | 2.3 | 1.4 |
| Price / book | 6.3 | 5.5 | 6.2 | 8.4 | 6.3 | 17.3 | 28.7 | 20.1 | 7.0 | 5.1 |
| Price / free cash flow | 6.0 | 12.5 | 7.4 | 6.4 | 6.5 | 21.9 | 58.4 | 12.7 | 6.2 | 38.1 |
| Price / operating cash flow | 5.9 | 7.3 | 5.5 | 5.4 | 5.4 | 16.6 | 55.6 | 11.4 | 4.9 | 11.4 |
| EV / sales | 3.7 | 2.7 | 2.9 | 3.4 | 2.7 | 9.3 | 15.7 | 7.6 | 2.1 | 1.2 |
| EV / EBITDA | 16.4 | 15.8 | 21.6 | 46.7 | — | — | 68.0 | 49.8 | 12.2 | 6.7 |
| EV / free cash flow | 5.9 | 11.9 | 6.7 | 6.1 | 6.2 | 21.6 | 57.5 | 12.3 | 5.7 | 34.2 |
| Earnings yield | 2.5% | 2.3% | 4.3% | 0.8% | −3.3% | −4.0% | 1.3% | 1.4% | 5.1% | 9.7% |
| Free cash flow yield | 16.7% | 8.0% | 13.6% | 15.5% | 15.4% | 4.6% | 1.7% | 7.9% | 16.1% | 2.6% |
| Shareholder yield (dividends + buybacks) | 0.1% | 0.3% | 0.7% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $5.15 | $3.02 | $2.80 | $2.58 | $1.60 | $4.64 | $10.15 | $3.52 | $0.73 | $0.33 |
| Per share | ||||||||||
| Revenue per share | $1.38 | $1.05 | $0.87 | $0.72 | $0.58 | $0.49 | $0.64 | $0.45 | $0.32 | $0.24 |
| Earnings per share | $0.13 | $0.07 | $0.12 | $0.02 | −$0.05 | −$0.19 | $0.14 | $0.05 | $0.04 | $0.03 |
| Operating cash flow per share | $0.88 | $0.41 | $0.51 | $0.48 | $0.30 | $0.28 | $0.18 | $0.31 | $0.15 | $0.03 |
| Free cash flow per share | $0.86 | $0.24 | $0.38 | $0.40 | $0.25 | $0.21 | $0.17 | $0.28 | $0.12 | $0.01 |
| Cash per share | $0.35 | $0.19 | $0.31 | $0.18 | $0.14 | $0.16 | $0.18 | $0.11 | $0.06 | $0.04 |
| Book value per share | $0.81 | $0.55 | $0.45 | $0.31 | $0.25 | $0.27 | $0.35 | $0.17 | $0.10 | $0.06 |
| Tangible book value per share | $0.36 | $0.33 | $0.29 | $0.20 | $0.17 | $0.19 | $0.28 | $0.13 | $0.07 | $0.03 |
| Capex per share | $0.02 | $0.17 | $0.13 | $0.08 | $0.05 | $0.07 | $0.01 | $0.03 | $0.03 | $0.02 |
| Debt per share | $0.24 | $0.05 | $0.06 | $0.07 | $0.08 | $0.09 | $0.03 | — | — | $0.00 |
| Shares outstanding | 59.6M | 55.6M | 54.2M | 52.9M | 51.0M | 49.3M | 54.6M | 52.0M | 48.0M | 43.9M |
| Change in shares outstanding | +7.3% | +2.6% | +2.3% | +3.8% | +3.5% | −9.7% | +4.9% | +8.2% | +9.5% | +10.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 19.1% | 13.9% | 31.7% | 7.0% | −20.8% | −56.2% | 52.5% | 36.6% | 45.6% | 68.5% |
| Return on invested capital (ROIC) | 17.0% | 5.6% | −1.6% | 3.1% | −22.4% | −63.0% | 83.3% | 82.0% | 97.0% | 194.6% |
| Return on assets (ROA) | 3.3% | 2.3% | 5.1% | 1.1% | −3.6% | −15.1% | 16.6% | 9.1% | 10.5% | 11.6% |
| Return on tangible assets | 3.0% | 2.3% | 4.7% | 1.0% | −3.4% | −14.3% | 15.0% | 7.6% | 9.5% | 11.4% |
| Free cash flow margin | 62.5% | 23.1% | 43.5% | 55.8% | 42.6% | 43.2% | 27.4% | 61.5% | 37.0% | 3.6% |
| Income quality (OCF / net income) | 6.95 | 6.01 | 4.28 | 24.63 | — | — | 1.33 | 6.18 | 3.99 | 0.90 |
| Financial health | ||||||||||
| Total debt | $14.0M | $2.9M | $3.3M | $3.7M | $4.0M | $4.3M | $1.5M | — | — | $152,060 |
| Cash & short-term investments | $21.1M | $10.8M | $17.0M | $9.7M | $7.4M | $7.8M | $9.7M | $5.6M | $2.7M | $1.6M |
| Net debt | −$7.0M | −$7.8M | −$13.7M | −$6.0M | −$3.4M | −$3.5M | −$8.1M | −$5.6M | −$2.7M | −$1.5M |
| Debt / equity | 0.29 | 0.10 | 0.14 | 0.23 | 0.31 | 0.33 | 0.08 | — | — | 0.05 |
| Debt / assets | 0.05 | 0.02 | 0.02 | 0.03 | 0.05 | 0.06 | 0.03 | — | — | 0.01 |
| Net debt / EBITDA | −0.38 | −0.77 | −2.14 | −2.16 | — | — | −1.01 | −1.58 | −1.04 | −0.77 |
| Current ratio | 1.11 | 1.09 | 1.08 | 1.10 | 1.10 | 1.15 | 1.40 | 1.22 | 1.15 | 1.07 |
| Quick ratio | 1.11 | 1.09 | 1.08 | 0.20 | 0.19 | 0.19 | 0.35 | 0.26 | 0.22 | 0.18 |
| Interest coverage | — | — | — | 0.4 | -96.8 | -11.0 | 13.8 | — | 55.9 | 17.6 |
| Working capital | $23.7M | $12.7M | $10.0M | $9.1M | $6.9M | $7.4M | $13.6M | $5.9M | $2.3M | $796,596 |
| Invested capital | $41.5M | $22.6M | $10.8M | $10.3M | $9.6M | $9.7M | $11.2M | $3.5M | $2.3M | $1.3M |
| Tangible asset value | $21.7M | $18.2M | $15.7M | $10.6M | $8.9M | $9.5M | $15.5M | $6.8M | $3.2M | $1.1M |
| Net current asset value | $12.3M | $10.3M | $7.1M | $5.8M | $3.3M | $3.4M | $13.6M | $5.9M | $2.3M | $768,704 |
| Graham number | $1.52 | $0.92 | $1.10 | $0.37 | — | — | $1.04 | $0.44 | $0.30 | $0.21 |
| Graham net-net per share | −$2.55 | −$2.02 | −$1.72 | −$0.73 | −$0.60 | −$0.45 | −$0.11 | −$0.16 | −$0.11 | −$0.10 |
| Capital allocation | ||||||||||
| Share buybacks (net) | $375,786 | $495,045 | $1.1M | $0 | $0 | $245,425 | $0 | $0 | $0 | $0 |
| Dividends + buybacks / free cash flow | 0.7% | 3.7% | 5.5% | 0.0% | 0.0% | 2.4% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / revenue | 1.5% | 16.3% | 14.9% | 10.8% | 9.1% | 13.9% | 1.3% | 6.8% | 10.0% | 8.5% |
| Capex / operating cash flow | 2.3% | 41.4% | 25.5% | 16.2% | 17.6% | 24.3% | 4.7% | 10.0% | 21.2% | 70.0% |
| Capex / depreciation | 0.15 | 1.58 | 1.75 | 1.41 | 1.07 | 1.57 | 0.31 | 1.46 | 1.73 | 1.55 |
| Stock-based compensation / revenue | 5.2% | 4.5% | 6.0% | 6.0% | 7.7% | 12.3% | 7.3% | 5.8% | 2.0% | 0.9% |
| SG&A / revenue | 40.3% | 43.1% | 42.9% | 47.7% | 53.7% | 62.6% | 33.6% | 33.4% | 26.6% | 31.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 238.9 | 157.8 | 80.7 | 38.7 | 24.2 | 10.6 | 6.5 | 3.9 | 3.3 | 2.2 |
| Days of inventory on hand | — | — | — | 1,511.7 | 1,353.1 | 1,034.7 | 733.1 | 614.1 | 522.2 | 599.3 |
| Days payables outstanding | 459.7 | 424.1 | 273.0 | 148.0 | 98.1 | 45.4 | 33.7 | 37.5 | 40.9 | 43.2 |
| Cash conversion cycle (days) | -220.9 | -266.3 | -192.3 | 1,402.4 | 1,279.3 | 1,000.0 | 705.8 | 580.5 | 484.6 | 558.3 |
| Receivables turnover | 1.53 | 2.31 | 4.52 | 9.42 | 15.09 | 34.36 | 56.40 | 93.17 | 110.48 | 164.03 |
| Payables turnover | 0.79 | 0.86 | 1.34 | 2.47 | 3.72 | 8.04 | 10.82 | 9.73 | 8.93 | 8.44 |
| Inventory turnover | — | — | — | 0.24 | 0.27 | 0.35 | 0.50 | 0.59 | 0.70 | 0.61 |
| Asset turnover | 0.36 | 0.36 | 0.37 | 0.40 | 0.39 | 0.40 | 0.77 | 0.83 | 0.89 | 0.86 |
| Average receivables | $53.7M | $25.2M | $10.5M | $4.0M | $2.0M | $702,016 | $614,620 | $251,413 | $137,896 | $63,506 |
| Average payables | $52.4M | $30.4M | $17.3M | $6.9M | $4.0M | $1.8M | $1.4M | $1.2M | $955,340 | $615,457 |
| Average inventory | — | — | — | $70.7M | $54.7M | $42.0M | $31.0M | $20.2M | $12.2M | $8.5M |
| Intangibles / total assets | 9.7% | 6.8% | 6.0% | 5.2% | 4.9% | 5.5% | 7.1% | 5.8% | 8.0% | 11.2% |
Computed from PAYS's annual financial statements (latest annual report filed March 25, 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.
PAYS valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), PaySign traded at 40.7 times earnings, against a 10-year median of 42.3. Based on the latest twelve months, the trailing P/E is 54.8 and the forward P/E is 29.6. PaySign earned a return on equity of 19.1% and a return on invested capital of 17.0% in fiscal 2025. It ended the year with $14.0 million of debt and $21.1 million in cash and short-term investments, a net cash position of $7.0 million. It returned $0.4 million to shareholders: $0 in dividends and $0.4 million in share buybacks, 1% of free cash flow. The share count rose 36.0% from 43.9M to 59.6M over 9 years.
See the PAYS income statement, the PAYS chart for price history, or the PAYS stock overview for the latest quote and news.
PAYS key metrics FAQ
What is PaySign's P/E ratio?
PaySign's trailing P/E ratio is 54.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 29.6. At the end of fiscal 2025 it was 40.7, compared with a 10-year median of 42.3.
What is PaySign's EV/EBITDA?
PaySign's enterprise value was 16.4 times EBITDA at the end of fiscal 2025 (enterprise value $300.2 million, EBITDA $18.4 million); the current EV/EBITDA is 25.6.
What is PaySign's return on equity?
PaySign's return on equity (ROE) was 19.1% in fiscal 2025: net income of $7.6 million on average shareholders' equity of $39.5 million.
What is PaySign's ROIC?
PaySign's return on invested capital was 17.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does PaySign have?
PaySign had total debt of $14.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.29 and more cash than debt.
Does PaySign buy back its shares?
Yes. PaySign spent $0.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +7.3% over the year, to 59.6M..
What is PaySign's free cash flow yield?
PaySign generated $51.2 million of free cash flow in fiscal 2025, a free cash flow yield of 16.7% on its market value at year-end ($307.2 million).
What is PaySign's current ratio?
PaySign's current ratio was 1.11 at the end of fiscal 2025: current assets were 1.11 times current liabilities.