PagerDuty, Inc. (PD) Key Metrics
PD valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $1.27B
- Enterprise value
- $1.11B
- P/E (TTM)
- 8.0
- Forward P/E
- 11.0
- PEG ratio
- —
- Price / sales
- 2.6 10-yr median 7.1
- Price / book
- 5.0 10-yr median 10.6
- EV / EBITDA
- 18.4
- Dividend yield
- —
- Beta
- 0.97
PD key metrics, FY2018–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsPD valuation Price multiples at each fiscal year-end price.
PD returns How much profit the business earns on the capital it uses.
PD per-share figures Results divided by the shares outstanding at year-end.
PD financial health Debt, liquidity and how easily interest is covered.
PD efficiency & capital use Working capital cycle and where the cash goes.
PD valuation history
PD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PD cash returned to shareholders
PD price vs earnings per share
PD key metrics
FY2018–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|---|
| Valuation | |||||||||
| Market capitalization | $985.7M | $1.70B | $2.19B | $2.64B | $2.79B | $3.88B | $1.53B | — | — |
| Enterprise value | $929.2M | $1.60B | $2.08B | $2.47B | $2.55B | $3.57B | $1.20B | — | — |
| P/E ratio | 5.7 | — | — | — | — | — | — | — | — |
| Price / sales | 2.0 | 3.6 | 5.1 | 7.1 | 9.9 | 18.2 | 9.2 | — | — |
| Price / book | 3.9 | 13.1 | 12.7 | 11.0 | 10.5 | 10.6 | 5.0 | — | — |
| Price / free cash flow | 8.8 | 15.7 | 33.9 | 310.7 | — | 739.4 | — | — | — |
| Price / operating cash flow | 8.6 | 14.5 | 30.4 | 155.7 | — | 384.3 | — | — | — |
| EV / sales | 1.9 | 3.4 | 4.8 | 6.7 | 9.1 | 16.7 | 7.2 | — | — |
| EV / EBITDA | 23.5 | — | — | — | — | — | — | — | — |
| EV / free cash flow | 8.3 | 14.7 | 32.2 | 290.1 | — | 680.1 | — | — | — |
| Earnings yield | 17.6% | −2.5% | −3.7% | −4.9% | −3.9% | −1.8% | −3.3% | — | — |
| Free cash flow yield | 11.4% | 6.4% | 2.9% | 0.3% | −0.5% | 0.1% | −0.3% | — | — |
| Dividend yield | — | — | 10.2% | — | 0.8% | 6.3% | 0.0% | — | — |
| Shareholder yield (dividends + buybacks) | 13.7% | 5.9% | 12.5% | 1.1% | 1.7% | 6.6% | 0.0% | — | — |
| Share price at fiscal year-end | $10.60 | $18.52 | $23.68 | $29.79 | $33.02 | $48.73 | $23.32 | — | — |
| Per share | |||||||||
| Revenue per share | $5.30 | $5.08 | $4.66 | $4.18 | $3.33 | $2.68 | $2.54 | $1.60 | $1.32 |
| Earnings per share | $1.87 | −$0.46 | −$0.89 | −$1.45 | −$1.27 | −$0.87 | −$0.77 | −$0.55 | −$0.63 |
| Operating cash flow per share | $1.24 | $1.28 | $0.78 | $0.19 | −$0.07 | $0.13 | −$0.00 | −$0.08 | −$0.20 |
| Free cash flow per share | $1.20 | $1.18 | $0.70 | $0.10 | −$0.15 | $0.07 | −$0.08 | −$0.13 | −$0.21 |
| Cash per share | $5.05 | $6.20 | $6.19 | $5.38 | $6.43 | $7.04 | $5.36 | $1.74 | $0.73 |
| Book value per share | $2.73 | $1.41 | $1.86 | $2.72 | $3.16 | $4.61 | $4.70 | $1.41 | −$0.94 |
| Tangible book value per share | $1.08 | −$0.31 | $0.02 | $0.96 | $2.03 | $3.37 | $4.70 | $1.41 | −$0.94 |
| Dividends per share | — | — | $2.43 | — | $0.28 | $3.09 | $0.01 | — | — |
| Capex per share | $0.03 | $0.10 | $0.08 | $0.10 | $0.08 | $0.06 | $0.08 | $0.06 | $0.01 |
| Debt per share | $4.44 | $5.04 | $4.99 | $3.40 | $3.64 | $3.13 | $0.31 | $0.24 | $0.15 |
| Shares outstanding | 93.0M | 92.0M | 92.3M | 88.7M | 84.5M | 79.6M | 65.5M | 73.6M | 60.1M |
| Change in shares outstanding | +1.1% | −0.4% | +4.1% | +5.0% | +6.2% | +21.5% | −11.0% | +22.4% | — |
| Returns & profitability | |||||||||
| Return on equity (ROE) | 90.7% | −28.4% | −39.6% | −50.6% | −33.9% | −20.4% | −24.4% | −170.7% | — |
| Return on invested capital (ROIC) | 5.3% | −112.3% | −119.8% | −211.3% | −184.7% | −318.1% | — | — | — |
| Return on assets (ROA) | 18.1% | −4.6% | −9.4% | −15.8% | −13.4% | −11.2% | −15.9% | −29.2% | −46.9% |
| Return on tangible assets | 20.8% | −5.6% | −10.8% | −19.4% | −15.1% | −9.9% | −11.6% | −20.7% | −46.9% |
| Free cash flow margin | 22.7% | 23.2% | 15.0% | 2.3% | −4.6% | 2.5% | −3.2% | −8.3% | −15.9% |
| Income quality (OCF / net income) | 0.66 | — | — | — | — | — | — | — | — |
| Financial health | |||||||||
| Total debt | $413.3M | $463.7M | $461.0M | $301.5M | $307.6M | $249.3M | $20.6M | $17.4M | $9.2M |
| Cash & short-term investments | $469.8M | $570.8M | $571.2M | $477.0M | $543.4M | $560.3M | $351.4M | $127.9M | $44.0M |
| Net debt | −$56.5M | −$107.2M | −$110.2M | −$175.5M | −$235.7M | −$310.9M | −$330.8M | −$110.5M | −$34.8M |
| Debt / equity | 1.63 | 3.57 | 2.69 | 1.25 | 1.15 | 0.68 | 0.07 | 0.17 | — |
| Debt / assets | 0.42 | 0.50 | 0.50 | 0.37 | 0.38 | 0.31 | 0.05 | 0.09 | 0.11 |
| Net debt / EBITDA | −1.43 | — | — | — | — | — | — | — | — |
| Current ratio | 2.01 | 1.87 | 2.50 | 2.21 | 2.84 | 3.70 | 3.52 | 1.95 | 1.37 |
| Quick ratio | 2.01 | 1.87 | 2.50 | 2.15 | 2.84 | 4.98 | 5.50 | 1.95 | 1.37 |
| Interest coverage | 0.7 | -9.0 | -14.8 | -23.8 | -18.8 | -6.7 | -9.4 | — | -54.6 |
| Working capital | $308.3M | $322.8M | $421.5M | $329.3M | $418.1M | $465.6M | $290.0M | $84.0M | $19.0M |
| Invested capital | $197.1M | $22.7M | $61.4M | $65.5M | $31.2M | $55.8M | −$22.9M | −$6.4M | −$91.2M |
| Tangible asset value | $117.6M | −$10.2M | $8.9M | $86.0M | $171.7M | $268.0M | $307.9M | $104.1M | −$56.4M |
| Net current asset value | −$107.6M | −$87.3M | −$43.2M | $24.5M | $105.6M | $209.6M | $277.5M | $79.7M | −$67.9M |
| Graham number | $10.71 | — | — | — | — | — | — | — | — |
| Graham net-net per share | −$1.81 | −$1.39 | −$1.08 | −$0.24 | $0.71 | $0.78 | $2.11 | $0.81 | −$1.32 |
| Capital allocation | |||||||||
| Dividends paid | — | — | $224.1M | — | $23.6M | $246.2M | $499,000 | — | — |
| Share buybacks (net) | $134.9M | $100.1M | $50.0M | $28.7M | $23.6M | $8.2M | $16,000 | $0 | $0 |
| Dividends + buybacks / free cash flow | 120.6% | 92.3% | 425.5% | 337.1% | — | — | — | — | — |
| Capex / revenue | 0.6% | 2.0% | 1.8% | 2.3% | 2.4% | 2.3% | 3.1% | 3.5% | 1.0% |
| Capex / operating cash flow | 2.6% | 8.0% | 10.5% | 49.9% | — | 48.0% | — | — | — |
| Capex / depreciation | 0.22 | 0.46 | 0.37 | 0.49 | 0.81 | 0.92 | 2.21 | 2.43 | 0.61 |
| Stock-based compensation / revenue | 19.9% | 27.0% | 29.5% | 29.6% | 24.9% | 20.2% | 16.4% | 16.2% | 22.8% |
| R&D / revenue | 25.8% | 30.3% | 32.5% | 36.4% | 34.0% | 30.2% | 29.5% | 33.0% | 42.1% |
| SG&A / revenue | 58.0% | 65.5% | 71.8% | 79.5% | 85.0% | 86.4% | 89.2% | 88.3% | 90.0% |
| Efficiency | |||||||||
| Days sales outstanding | 80.0 | 81.1 | 81.3 | 82.0 | 84.6 | 78.8 | 77.5 | 81.2 | 86.6 |
| Days of inventory on hand | — | — | 43.8 | 48.4 | -834.4 | -2,667.3 | -1,688.3 | 0.0 | 0.0 |
| Days payables outstanding | 34.6 | 31.1 | 32.0 | 43.8 | 57.6 | 72.4 | 89.4 | 103.6 | 120.3 |
| Cash conversion cycle (days) | 45.4 | 50.0 | 93.1 | 86.6 | -807.4 | -2,660.9 | -1,700.1 | -22.4 | -33.8 |
| Receivables turnover | 4.57 | 4.50 | 4.49 | 4.45 | 4.32 | 4.63 | 4.71 | 4.49 | 4.22 |
| Payables turnover | 10.56 | 11.74 | 11.41 | 8.33 | 6.34 | 5.04 | 4.08 | 3.52 | 3.03 |
| Inventory turnover | — | — | 8.34 | 7.54 | — | — | — | 11,503,333.33 | 12,717,000.00 |
| Asset turnover | 0.51 | 0.50 | 0.49 | 0.46 | 0.35 | 0.35 | 0.53 | 0.85 | 0.98 |
| Average receivables | $107.9M | $103.9M | $95.9M | $83.3M | $65.2M | $46.1M | $35.3M | $26.2M | $18.9M |
| Average payables | $7.0M | $6.8M | $6.8M | $8.5M | $7.6M | $6.1M | $6.0M | $4.9M | $4.2M |
| Average inventory | — | — | $9.3M | $9.3M | −$110.6M | −$224.2M | −$113.7M | $2 | $1 |
| Intangibles / total assets | 15.5% | 17.1% | 18.4% | 19.1% | 11.8% | 12.4% | 0.0% | 0.0% | 0.0% |
Computed from PD's annual financial statements (latest annual report filed March 12, 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.
PD valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), PagerDuty traded at 5.7 times earnings. Based on the latest twelve months, the trailing P/E is 8.0 and the forward P/E is 11.0. PagerDuty earned a return on equity of 90.7% and a return on invested capital of 5.3% in fiscal 2026. It ended the year with $413.3 million of debt and $469.8 million in cash and short-term investments, a net cash position of $56.5 million. It returned $134.9 million to shareholders: $0 in dividends and $134.9 million in share buybacks, 121% of free cash flow. The share count rose 54.7% from 60.1M to 93.0M over 8 years.
See the PD income statement, the PD chart for price history, or the PD stock overview for the latest quote and news.
PD key metrics FAQ
What is PagerDuty's P/E ratio?
PagerDuty's trailing P/E ratio is 8.0 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 11.0. At the end of fiscal 2026 it was 5.7.
What is PagerDuty's EV/EBITDA?
PagerDuty's enterprise value was 23.5 times EBITDA at the end of fiscal 2026 (enterprise value $929.2 million, EBITDA $39.6 million); the current EV/EBITDA is 18.4.
What is PagerDuty's return on equity?
PagerDuty's return on equity (ROE) was 90.7% in fiscal 2026: net income of $173.9 million on average shareholders' equity of $191.7 million. ROE is high partly because years of buybacks have reduced equity on the balance sheet.
What is PagerDuty's ROIC?
PagerDuty's return on invested capital was 5.3% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does PagerDuty have?
PagerDuty had total debt of $413.3 million at the end of fiscal 2026, a debt-to-equity ratio of 1.63 and more cash than debt.
Does PagerDuty buy back its shares?
Yes. PagerDuty spent $134.9 million on net share repurchases in fiscal 2026 Shares outstanding changed +1.1% over the year, to 93.0M..
What is PagerDuty's free cash flow yield?
PagerDuty generated $111.9 million of free cash flow in fiscal 2026, a free cash flow yield of 11.4% on its market value at year-end ($985.7 million).
What is PagerDuty's current ratio?
PagerDuty's current ratio was 2.01 at the end of fiscal 2026: current assets were 2.01 times current liabilities.