Perion Network Ltd (PERI) Key Metrics
PERI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $361.0M
- Enterprise value
- $94.8M
- P/E (TTM)
- — 10-yr median 18.5
- Forward P/E
- 12.9
- PEG ratio
- 0.68
- Price / sales
- 0.8 10-yr median 0.9
- Price / book
- 0.5 10-yr median 0.8
- EV / EBITDA
- 8.0 10-yr median 6.2
- Dividend yield
- —
- Beta
- 1.13
PERI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPERI valuation Price multiples at each fiscal year-end price.
PERI returns How much profit the business earns on the capital it uses.
PERI per-share figures Results divided by the shares outstanding at year-end.
PERI financial health Debt, liquidity and how easily interest is covered.
PERI efficiency & capital use Working capital cycle and where the cash goes.
PERI valuation history
PERI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PERI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PERI cash returned to shareholders
PERI price vs earnings per share
PERI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $403.3M | $419.7M | $1.55B | $1.22B | $909.8M | $366.6M | $163.9M | $67.2M | $79.9M | $110.3M |
| Enterprise value | $131.6M | $68.7M | $1.08B | $796.8M | $601.5M | $341.3M | $146.7M | $64.6M | $103.1M | $155.7M |
| P/E ratio | — | 33.3 | 13.4 | 12.3 | 23.5 | 35.9 | 12.7 | 8.3 | — | 548.7 |
| Price / sales | 0.9 | 0.8 | 2.1 | 1.9 | 1.9 | 1.1 | 0.6 | 0.3 | 0.3 | 0.4 |
| Price / book | 0.6 | 0.6 | 2.2 | 2.1 | 1.9 | 2.0 | 1.0 | 0.5 | 0.6 | 0.5 |
| Price / free cash flow | 10.6 | — | 10.0 | 10.0 | 12.9 | 16.9 | 3.8 | 2.3 | 2.8 | 4.5 |
| Price / operating cash flow | 9.6 | 60.5 | 9.9 | 10.0 | 12.8 | 16.5 | 3.7 | 2.0 | 2.2 | 3.6 |
| EV / sales | 0.3 | 0.1 | 1.5 | 1.2 | 1.3 | 1.0 | 0.6 | 0.3 | 0.4 | 0.5 |
| EV / EBITDA | 10.4 | 3.1 | 7.2 | 6.2 | 10.9 | 15.4 | 5.3 | 2.6 | — | 4.1 |
| EV / free cash flow | 3.4 | — | 7.0 | 6.6 | 8.5 | 15.7 | 3.4 | 2.2 | 3.6 | 6.4 |
| Earnings yield | −2.0% | 3.0% | 7.4% | 8.2% | 4.3% | 2.8% | 7.9% | 12.1% | −91.1% | 0.2% |
| Free cash flow yield | 9.5% | 0.0% | 10.0% | 10.0% | 7.7% | 5.9% | 26.6% | 43.2% | 35.9% | 22.2% |
| Shareholder yield (dividends + buybacks) | 17.7% | 11.2% | 0.0% | 0.0% | — | — | 0.0% | — | 0.0% | 0.0% |
| Share price at fiscal year-end | $9.58 | $8.47 | $30.87 | $25.30 | $24.05 | $12.73 | $6.22 | $2.60 | $3.09 | $4.26 |
| Per share | ||||||||||
| Revenue per share | $10.45 | $10.06 | $14.84 | $13.32 | $12.65 | $11.39 | $9.92 | $9.78 | $10.60 | $12.08 |
| Earnings per share | −$0.19 | $0.25 | $2.30 | $2.06 | $1.02 | $0.36 | $0.49 | $0.31 | −$2.81 | $0.01 |
| Operating cash flow per share | $1.00 | $0.14 | $3.10 | $2.54 | $1.88 | $0.77 | $1.70 | $1.27 | $1.39 | $1.18 |
| Free cash flow per share | $0.91 | $0.00 | $3.09 | $2.52 | $1.86 | $0.75 | $1.65 | $1.12 | $1.11 | $0.95 |
| Cash per share | $7.46 | $7.53 | $9.44 | $8.96 | $8.50 | $2.10 | $2.34 | $1.67 | $1.45 | $1.25 |
| Book value per share | $16.06 | $14.59 | $14.34 | $12.13 | $12.34 | $6.39 | $6.27 | $5.75 | $5.35 | $8.04 |
| Tangible book value per share | $5.50 | $8.21 | $7.62 | $6.99 | $5.84 | $0.26 | $1.39 | $0.67 | $0.08 | −$1.03 |
| Capex per share | $0.09 | $0.14 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.14 | $0.28 | $0.23 |
| Debt per share | $1.01 | $0.45 | $0.15 | $0.24 | $0.35 | $1.22 | $1.68 | $1.56 | $2.35 | $3.00 |
| Shares outstanding | 42.1M | 49.6M | 50.1M | 48.1M | 37.8M | 28.8M | 26.4M | 25.9M | 25.8M | 25.9M |
| Change in shares outstanding | −15.0% | −1.0% | +4.2% | +27.1% | +31.4% | +9.3% | +1.9% | +0.0% | −0.2% | +8.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −1.1% | 1.8% | 17.7% | 18.9% | 11.9% | 5.9% | 8.2% | 5.7% | −42.0% | 0.1% |
| Return on invested capital (ROIC) | −2.8% | −0.8% | 46.6% | 59.1% | 24.7% | 8.0% | 10.9% | 7.1% | −28.8% | 4.3% |
| Return on assets (ROA) | −0.9% | 1.3% | 11.8% | 12.5% | 7.2% | 3.2% | 4.8% | 3.1% | −22.6% | 0.0% |
| Return on tangible assets | −1.7% | 2.1% | 15.5% | 15.9% | 8.3% | 5.6% | 8.3% | 6.5% | −52.8% | 0.2% |
| Free cash flow margin | 8.7% | 0.0% | 20.8% | 18.9% | 14.7% | 6.6% | 16.7% | 11.5% | 10.5% | 7.8% |
| Income quality (OCF / net income) | — | 0.55 | 1.35 | 1.23 | 1.84 | 2.17 | 3.47 | 4.04 | — | 151.52 |
| Financial health | ||||||||||
| Total debt | $42.4M | $22.3M | $7.6M | $11.5M | $13.4M | $35.1M | $44.4M | $40.5M | $60.7M | $77.7M |
| Cash & short-term investments | $314.1M | $373.3M | $472.7M | $430.9M | $321.6M | $60.4M | $61.6M | $43.1M | $37.5M | $32.4M |
| Net debt | −$271.7M | −$351.0M | −$465.0M | −$419.4M | −$308.3M | −$25.3M | −$17.3M | −$2.7M | $23.2M | $45.4M |
| Debt / equity | 0.06 | 0.03 | 0.01 | 0.02 | 0.03 | 0.19 | 0.27 | 0.27 | 0.44 | 0.37 |
| Debt / assets | 0.05 | 0.02 | 0.01 | 0.01 | 0.02 | 0.10 | 0.16 | 0.16 | 0.22 | 0.21 |
| Net debt / EBITDA | −21.39 | −16.08 | −3.11 | −3.29 | −5.57 | −1.14 | −0.62 | −0.11 | — | 1.19 |
| Current ratio | 2.76 | 3.47 | 2.14 | 2.57 | 2.30 | 1.23 | 1.38 | 1.35 | 1.40 | 1.31 |
| Quick ratio | 2.76 | 3.47 | 2.20 | 2.57 | 3.42 | 1.33 | 1.66 | 1.35 | 1.40 | 1.31 |
| Interest coverage | -20.3 | -4.7 | 320.1 | 480.9 | 77.5 | 8.6 | 5.9 | 3.2 | -15.0 | 1.6 |
| Working capital | $331.2M | $399.6M | $386.6M | $368.9M | $252.5M | $27.2M | $31.8M | $26.8M | $32.9M | $27.0M |
| Invested capital | $404.3M | $371.9M | $253.1M | $163.7M | $158.7M | $158.8M | $147.9M | $146.1M | $161.6M | $253.5M |
| Tangible asset value | $231.6M | $406.9M | $381.5M | $335.9M | $221.0M | $7.4M | $36.7M | $17.2M | $2.0M | −$26.6M |
| Net current asset value | $282.0M | $368.9M | $367.5M | $315.6M | $199.9M | −$27.2M | −$3.5M | −$3.8M | −$21.4M | −$46.5M |
| Graham number | — | $9.14 | $27.22 | $23.74 | $16.86 | $7.15 | $8.31 | $6.38 | — | $1.19 |
| Graham net-net per share | $5.16 | $6.13 | $5.53 | $5.49 | $1.41 | −$2.07 | −$1.21 | −$0.89 | −$1.98 | −$2.87 |
| Capital allocation | ||||||||||
| Share buybacks (net) | $71.2M | $46.9M | $0 | $0 | — | — | $0 | — | $0 | $0 |
| Dividends + buybacks / free cash flow | 186.6% | — | 0.0% | 0.0% | — | — | 0.0% | — | 0.0% | 0.0% |
| Capex / revenue | 0.9% | 1.4% | 0.1% | 0.2% | 0.1% | 0.1% | 0.5% | 1.5% | 2.7% | 1.9% |
| Capex / operating cash flow | 9.0% | 99.0% | 0.5% | 0.9% | 0.9% | 2.1% | 2.7% | 11.4% | 20.4% | 19.5% |
| Capex / depreciation | 0.21 | 0.42 | 0.06 | 0.08 | 0.06 | 0.05 | 0.12 | 0.38 | 0.44 | 0.23 |
| Stock-based compensation / revenue | 7.1% | 5.5% | 2.4% | 2.1% | 1.5% | 1.4% | 0.9% | 1.1% | 0.8% | 2.2% |
| R&D / revenue | 7.9% | 7.4% | 4.6% | 5.4% | 7.4% | 9.4% | 8.6% | 7.5% | 6.3% | 8.5% |
| SG&A / revenue | 25.7% | 21.4% | 12.3% | 12.5% | 15.5% | 16.7% | 19.0% | 21.9% | 27.2% | 29.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 146.1 | 145.0 | 96.3 | 78.6 | 75.0 | 72.5 | 73.1 | 85.5 | 89.4 | 80.5 |
| Days of inventory on hand | — | -11.5 | -7.6 | -97.8 | -134.0 | -29.8 | -26.3 | 0.0 | — | 0.6 |
| Days payables outstanding | 150.2 | 186.0 | 144.6 | 119.4 | 105.0 | 99.6 | 97.1 | 92.9 | 90.9 | 91.6 |
| Cash conversion cycle (days) | -4.1 | -52.5 | -55.9 | -138.5 | -164.0 | -56.9 | -50.3 | -7.4 | -1.5 | -10.5 |
| Receivables turnover | 2.50 | 2.52 | 3.79 | 4.64 | 4.87 | 5.03 | 5.00 | 4.27 | 4.08 | 4.53 |
| Payables turnover | 2.43 | 1.96 | 2.52 | 3.06 | 3.48 | 3.66 | 3.76 | 3.93 | 4.02 | 3.98 |
| Inventory turnover | — | — | — | — | — | — | — | 152,108,000.00 | — | 570.95 |
| Asset turnover | 0.48 | 0.50 | 0.76 | 0.81 | 0.89 | 1.02 | 0.97 | 0.95 | 0.85 | 0.77 |
| Average receivables | $176.1M | $197.9M | $196.0M | $137.9M | $98.3M | $65.2M | $52.3M | $59.2M | $67.1M | $69.0M |
| Average payables | $125.9M | $169.6M | $186.5M | $131.8M | $90.1M | $60.1M | $42.9M | $38.7M | $38.7M | $39.3M |
| Average inventory | — | −$10.5M | −$9.8M | −$108.0M | −$115.0M | −$18.0M | −$11.6M | $1 | — | $274,501 |
| Intangibles / total assets | 48.6% | 34.5% | 31.2% | 28.4% | 34.5% | 49.3% | 45.3% | 51.3% | 49.8% | 63.7% |
Computed from PERI's annual financial statements (latest annual report filed March 16, 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.
PERI valuation and financial ratios
Perion Network earned a return on equity of −1.1% and a return on invested capital of −2.8% in fiscal 2025. It ended the year with $42.4 million of debt and $314.1 million in cash and short-term investments, a net cash position of $271.7 million. It returned $71.2 million to shareholders: $0 in dividends and $71.2 million in share buybacks, 187% of free cash flow. The share count rose 62.6% from 25.9M to 42.1M over 9 years.
See the PERI income statement, the PERI chart for price history, or the PERI stock overview for the latest quote and news.
PERI key metrics FAQ
What is Perion Network's EV/EBITDA?
Perion Network's enterprise value was 10.4 times EBITDA at the end of fiscal 2025 (enterprise value $131.6 million, EBITDA $12.7 million); the current EV/EBITDA is 8.0.
What is Perion Network's return on equity?
Perion Network's return on equity (ROE) was −1.1% in fiscal 2025: net income of -$7.9 million on average shareholders' equity of $699.5 million.
What is Perion Network's ROIC?
Perion Network's return on invested capital was −2.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Perion Network have?
Perion Network had total debt of $42.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.06 and more cash than debt.
Does Perion Network buy back its shares?
Yes. Perion Network spent $71.2 million on net share repurchases in fiscal 2025 Shares outstanding changed −15.0% over the year, to 42.1M..
What is Perion Network's free cash flow yield?
Perion Network generated $38.2 million of free cash flow in fiscal 2025, a free cash flow yield of 9.5% on its market value at year-end ($403.3 million).
What is Perion Network's current ratio?
Perion Network's current ratio was 2.76 at the end of fiscal 2025: current assets were 2.76 times current liabilities.