Pegasystems Inc. (PEGA) Key Metrics
PEGA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $5.68B
- Enterprise value
- $5.49B
- P/E (TTM)
- 19.5 10-yr median 95.3
- Forward P/E
- 13.4
- PEG ratio
- 2.99
- Price / sales
- 3.3 10-yr median 5.1
- Price / book
- 10.3 10-yr median 12.9
- EV / EBITDA
- 25.7 10-yr median 35.5
- Dividend yield
- 0.35% $0.12 a year
- Beta
- 0.89
PEGA key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPEGA valuation Price multiples at each fiscal year-end price.
PEGA returns How much profit the business earns on the capital it uses.
PEGA per-share figures Results divided by the shares outstanding at year-end.
PEGA financial health Debt, liquidity and how easily interest is covered.
PEGA efficiency & capital use Working capital cycle and where the cash goes.
PEGA valuation history
PEGA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PEGA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PEGA cash returned to shareholders
PEGA price vs earnings per share
PEGA key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $11.04B | $8.35B | $4.15B | $2.81B | $9.10B | $10.71B | $6.30B | $3.97B | $3.91B | $2.87B |
| Enterprise value | $10.69B | $8.16B | $4.31B | $3.20B | $9.42B | $10.84B | $6.28B | $3.78B | $3.70B | $2.82B |
| P/E ratio | 28.0 | 84.2 | 61.2 | — | — | — | — | 374.2 | 118.6 | 106.4 |
| Price / sales | 6.3 | 5.6 | 2.9 | 2.1 | 7.5 | 10.5 | 6.9 | 4.5 | 4.6 | 3.8 |
| Price / book | 14.0 | 14.3 | 11.7 | 21.4 | 21.9 | 19.7 | 11.7 | 6.4 | 10.5 | 8.5 |
| Price / free cash flow | 22.5 | 24.7 | 20.6 | — | 317.5 | — | — | 43.0 | 27.0 | 138.1 |
| Price / operating cash flow | 21.8 | 24.1 | 19.1 | 125.6 | 232.6 | — | — | 38.1 | 24.7 | 72.0 |
| EV / sales | 6.1 | 5.5 | 3.0 | 2.4 | 7.8 | 10.6 | 6.9 | 4.2 | 4.4 | 3.8 |
| EV / EBITDA | 34.7 | 44.2 | 31.4 | — | — | — | — | 274.8 | 31.4 | 36.3 |
| EV / free cash flow | 21.8 | 24.1 | 21.4 | — | 328.8 | — | — | 40.9 | 25.6 | 135.6 |
| Earnings yield | 3.6% | 1.2% | 1.6% | −12.3% | −0.7% | −0.6% | −1.4% | 0.3% | 0.8% | 0.9% |
| Free cash flow yield | 4.4% | 4.0% | 4.8% | −0.5% | 0.3% | −0.2% | −0.8% | 2.3% | 3.7% | 0.7% |
| Dividend yield | 0.1% | 0.1% | 0.2% | 0.4% | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% | 0.3% |
| Shareholder yield (dividends + buybacks) | 4.7% | 1.0% | 0.3% | 2.0% | 1.5% | 1.0% | 1.2% | 2.6% | 1.4% | 1.8% |
| Share price at fiscal year-end | $59.72 | $46.60 | $24.43 | $17.12 | $55.91 | $66.63 | $39.83 | $23.91 | $23.57 | $18.00 |
| Per share | ||||||||||
| Revenue per share | $9.45 | $8.35 | $8.44 | $8.04 | $7.44 | $6.33 | $5.76 | $5.37 | $5.07 | $4.70 |
| Earnings per share | $2.13 | $0.55 | $0.40 | −$2.11 | −$0.39 | −$0.38 | −$0.57 | $0.06 | $0.20 | $0.17 |
| Operating cash flow per share | $2.73 | $1.93 | $1.28 | $0.14 | $0.24 | −$0.00 | −$0.27 | $0.63 | $0.96 | $0.25 |
| Free cash flow per share | $2.66 | $1.89 | $1.18 | −$0.08 | $0.18 | −$0.16 | −$0.33 | $0.56 | $0.87 | $0.13 |
| Cash per share | $2.30 | $4.13 | $2.49 | $1.81 | $2.23 | $2.90 | $0.43 | $1.25 | $1.35 | $0.84 |
| Book value per share | $4.26 | $3.27 | $2.08 | $0.80 | $2.56 | $3.37 | $3.41 | $3.74 | $2.24 | $2.11 |
| Tangible book value per share | $3.81 | $2.79 | $1.56 | $0.24 | $1.97 | $2.78 | $2.78 | $3.17 | $1.61 | $1.37 |
| Dividends per share | $0.08 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 |
| Capex per share | $0.08 | $0.04 | $0.10 | $0.22 | $0.06 | $0.16 | $0.07 | $0.07 | $0.08 | $0.12 |
| Debt per share | $0.41 | $3.07 | $3.42 | $4.20 | $4.21 | $3.71 | $0.33 | $0.10 | $0.10 | $0.51 |
| Shares outstanding | 184.8M | 179.3M | 169.8M | 163.9M | 162.8M | 160.7M | 158.1M | 166.1M | 165.7M | 159.5M |
| Change in shares outstanding | +3.1% | +5.6% | +3.6% | +0.7% | +1.3% | +1.6% | −4.8% | +0.3% | +3.9% | +0.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 57.3% | 21.1% | 28.0% | −126.4% | −13.2% | −11.4% | −15.6% | 2.1% | 9.3% | 8.2% |
| Return on invested capital (ROIC) | 63.2% | 19.0% | 11.1% | −13.7% | −10.6% | −19.0% | −22.3% | −4.5% | 36.8% | 16.0% |
| Return on assets (ROA) | 23.1% | 6.0% | 4.7% | −23.4% | −3.9% | −4.7% | −9.2% | 1.2% | 4.8% | 4.2% |
| Return on tangible assets | 25.4% | 5.9% | 4.8% | −27.3% | −4.2% | −4.1% | −10.2% | 1.2% | 5.3% | 5.0% |
| Free cash flow margin | 28.1% | 22.6% | 14.0% | −1.0% | 2.4% | −2.5% | −5.8% | 10.4% | 17.2% | 2.8% |
| Income quality (OCF / net income) | 1.28 | 3.49 | 3.21 | — | — | — | — | 9.83 | 4.80 | 1.48 |
| Financial health | ||||||||||
| Total debt | $76.0M | $549.7M | $581.3M | $687.7M | $685.5M | $595.8M | $52.6M | $16.5M | $17.4M | $82.1M |
| Cash & short-term investments | $425.8M | $740.0M | $423.3M | $297.2M | $362.8M | $465.2M | $68.4M | $207.4M | $223.7M | $133.8M |
| Net debt | −$349.8M | −$190.3M | $157.9M | $390.5M | $322.8M | $130.6M | −$15.8M | −$190.9M | −$206.4M | −$51.6M |
| Debt / equity | 0.10 | 0.94 | 1.64 | 5.26 | 1.65 | 1.10 | 0.10 | 0.03 | 0.05 | 0.24 |
| Debt / assets | 0.05 | 0.31 | 0.38 | 0.51 | 0.43 | 0.37 | 0.05 | 0.02 | 0.02 | 0.13 |
| Net debt / EBITDA | −1.14 | −1.03 | 1.15 | — | — | — | — | −13.87 | −1.75 | −0.66 |
| Current ratio | 1.33 | 1.23 | 1.78 | 1.57 | 1.73 | 2.12 | 1.34 | 1.84 | 1.51 | 1.40 |
| Quick ratio | 1.33 | 1.23 | 1.78 | 1.57 | 1.73 | 2.32 | 1.49 | 1.99 | 1.55 | 1.45 |
| Interest coverage | 204.7 | 18.1 | 11.8 | -14.0 | -11.9 | -7.4 | -7.1 | — | — | — |
| Working capital | $240.5M | $247.6M | $452.0M | $307.5M | $354.8M | $516.8M | $127.7M | $278.8M | $158.9M | $114.7M |
| Invested capital | $437.5M | $395.2M | $511.8M | $521.4M | $738.8M | $672.8M | $523.3M | $430.6M | $164.7M | $284.2M |
| Tangible asset value | $704.7M | $500.5M | $265.2M | $38.6M | $320.1M | $447.2M | $440.3M | $527.4M | $266.2M | $218.5M |
| Net current asset value | $133.8M | $150.9M | −$127.9M | −$380.4M | −$337.2M | −$85.2M | $59.8M | $249.6M | $121.6M | $80.0M |
| Graham number | $14.29 | $6.38 | $4.33 | — | — | — | — | $2.32 | $3.17 | $2.83 |
| Graham net-net per share | −$0.31 | −$0.16 | −$1.84 | −$3.33 | −$2.94 | −$1.95 | −$0.77 | $0.52 | $0.92 | $0.11 |
| Capital allocation | ||||||||||
| Dividends paid | $15.4M | $10.2M | $10.0M | $9.8M | $9.8M | $9.6M | $9.5M | $9.4M | $9.3M | $9.2M |
| Share buybacks (net) | $499.7M | $73.5M | $1.9M | $46.3M | $122.6M | $100.5M | $64.8M | $92.0M | $45.0M | $43.4M |
| Dividend payout ratio | 3.9% | 10.3% | 14.7% | — | — | — | — | 88.8% | 28.2% | 34.0% |
| Dividends + buybacks / free cash flow | 105.0% | 24.7% | 5.9% | — | 461.9% | — | — | 109.7% | 37.5% | 253.1% |
| Capex / revenue | 0.8% | 0.5% | 1.2% | 2.7% | 0.9% | 2.5% | 1.2% | 1.3% | 1.6% | 2.5% |
| Capex / operating cash flow | 2.9% | 2.2% | 7.7% | 158.4% | 26.7% | — | — | 11.4% | 8.7% | 47.9% |
| Capex / depreciation | 0.56 | 0.22 | 0.48 | 1.88 | 0.37 | 1.19 | 0.50 | 0.47 | 0.56 | 0.79 |
| Stock-based compensation / revenue | 8.9% | 9.5% | 10.0% | 9.3% | 9.6% | 10.1% | 8.9% | 7.2% | 6.3% | 5.4% |
| R&D / revenue | 17.9% | 19.9% | 20.6% | 22.3% | 21.5% | 23.3% | 22.5% | 20.4% | 19.4% | 19.4% |
| SG&A / revenue | 41.7% | 43.3% | 45.8% | 56.3% | 58.5% | 60.3% | 58.3% | 47.7% | 42.8% | 43.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 108.2 | 136.0 | 136.8 | 132.9 | 133.4 | 146.8 | 146.9 | 150.7 | 143.7 | 120.6 |
| Days of inventory on hand | — | — | — | 0.0 | -48.2 | -85.7 | -63.0 | -38.9 | -17.5 | 0.1 |
| Days payables outstanding | 8.3 | 8.2 | 14.2 | 16.6 | 21.3 | 24.4 | 20.0 | 20.5 | 20.7 | 20.7 |
| Cash conversion cycle (days) | 100.0 | 127.8 | 122.6 | 116.3 | 64.0 | 36.7 | 63.9 | 91.4 | 105.5 | 100.1 |
| Receivables turnover | 3.37 | 2.68 | 2.67 | 2.75 | 2.74 | 2.49 | 2.49 | 2.42 | 2.54 | 3.03 |
| Payables turnover | 44.01 | 44.61 | 25.67 | 22.02 | 17.11 | 14.98 | 18.26 | 17.83 | 17.60 | 17.66 |
| Inventory turnover | — | — | — | 368,635,000.00 | — | — | — | — | — | — |
| Asset turnover | 1.03 | 0.91 | 1.00 | 0.89 | 0.76 | 0.79 | 0.93 | 1.05 | 1.22 | 1.17 |
| Average receivables | $517.7M | $557.7M | $537.1M | $479.7M | $443.0M | $409.1M | $366.7M | $368.2M | $331.0M | $247.9M |
| Average payables | $9.6M | $8.8M | $14.7M | $16.7M | $19.7M | $20.8M | $17.0M | $16.9M | $15.9M | $13.5M |
| Average inventory | — | — | — | $1 | −$44.4M | −$73.0M | −$53.5M | −$32.1M | −$13.4M | $96,000 |
| Intangibles / total assets | 5.1% | 4.8% | 5.9% | 6.8% | 6.0% | 5.9% | 10.0% | 9.6% | 14.5% | 17.9% |
Computed from PEGA's annual financial statements (latest annual report filed February 10, 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.
PEGA valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Pegasystems traded at 28.0 times earnings, against a 10-year median of 95.3. Based on the latest twelve months, the trailing P/E is 19.5 and the forward P/E is 13.4. Pegasystems earned a return on equity of 57.3% and a return on invested capital of 63.2% in fiscal 2025. It ended the year with $76.0 million of debt and $425.8 million in cash and short-term investments, a net cash position of $349.8 million. It returned $515.1 million to shareholders: $15.4 million in dividends and $499.7 million in share buybacks, 105% of free cash flow. The share count rose 15.9% from 159.5M to 184.8M over 9 years.
See the PEGA income statement, the PEGA chart for price history, or the PEGA stock overview for the latest quote and news.
PEGA key metrics FAQ
What is Pegasystems's P/E ratio?
Pegasystems's trailing P/E ratio is 19.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.4. At the end of fiscal 2025 it was 28.0, compared with a 10-year median of 95.3.
What is Pegasystems's EV/EBITDA?
Pegasystems's enterprise value was 34.7 times EBITDA at the end of fiscal 2025 (enterprise value $10.7 billion, EBITDA $307.8 million); the current EV/EBITDA is 25.7.
What is Pegasystems's return on equity?
Pegasystems's return on equity (ROE) was 57.3% in fiscal 2025: net income of $393.4 million on average shareholders' equity of $686.4 million.
What is Pegasystems's ROIC?
Pegasystems's return on invested capital was 63.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Pegasystems have?
Pegasystems had total debt of $76.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.10 and more cash than debt.
What is Pegasystems's dividend yield?
Pegasystems's forward dividend yield is 0.35%. Pegasystems paid $15.4 million in dividends in fiscal 2025 ($0.08 per share), a payout ratio of 3.9%.
Does Pegasystems buy back its shares?
Yes. Pegasystems spent $499.7 million on net share repurchases in fiscal 2025 Shares outstanding changed +3.1% over the year, to 184.8M..
What is Pegasystems's free cash flow yield?
Pegasystems generated $490.7 million of free cash flow in fiscal 2025, a free cash flow yield of 4.4% on its market value at year-end ($11.0 billion).
What is Pegasystems's current ratio?
Pegasystems's current ratio was 1.33 at the end of fiscal 2025: current assets were 1.33 times current liabilities.