RingCentral, Inc. (RNG) Key Metrics
RNG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $6.30B
- Enterprise value
- $7.67B
- P/E (TTM)
- 60.4
- Forward P/E
- 14.3
- PEG ratio
- 0.39
- Price / sales
- 2.4 10-yr median 5.7
- Price / book
- 96.7 10-yr median 21.0
- EV / EBITDA
- 18.7 10-yr median 283.9
- Dividend yield
- 0.33% $0.28 a year
- Beta
- 1.11
RNG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsRNG valuation Price multiples at each fiscal year-end price.
RNG returns How much profit the business earns on the capital it uses.
RNG per-share figures Results divided by the shares outstanding at year-end.
RNG financial health Debt, liquidity and how easily interest is covered.
RNG efficiency & capital use Working capital cycle and where the cash goes.
RNG valuation history
RNG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RNG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RNG cash returned to shareholders
RNG price vs earnings per share
RNG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.54B | $3.22B | $3.22B | $3.37B | $17.19B | $33.61B | $14.02B | $6.55B | $3.69B | $1.50B |
| Enterprise value | $3.89B | $4.56B | $4.59B | $4.78B | $18.37B | $34.43B | $14.11B | $6.35B | $3.51B | $1.36B |
| P/E ratio | 58.5 | — | — | — | — | — | — | — | — | — |
| Price / sales | 1.0 | 1.3 | 1.5 | 1.7 | 10.8 | 28.4 | 15.5 | 9.7 | 7.4 | 4.0 |
| Price / book | — | — | — | — | 50.7 | 107.6 | 18.8 | 20.6 | 21.4 | 11.6 |
| Price / free cash flow | 4.3 | 8.1 | 9.9 | 33.4 | — | — | — | 433.6 | 259.1 | 113.0 |
| Price / operating cash flow | 4.1 | 6.7 | 8.1 | 17.6 | 113.0 | — | 216.2 | 90.9 | 89.7 | 50.6 |
| EV / sales | 1.5 | 1.9 | 2.1 | 2.4 | 11.5 | 29.1 | 15.6 | 9.4 | 7.0 | 3.6 |
| EV / EBITDA | 11.5 | 19.3 | 40.6 | — | — | 803.9 | — | 477.3 | 283.9 | 756.7 |
| EV / free cash flow | 6.6 | 11.4 | 14.2 | 47.4 | — | — | — | 420.4 | 246.4 | 102.1 |
| Earnings yield | 1.7% | −1.8% | −5.1% | −26.1% | −2.2% | −0.2% | −0.4% | −0.4% | −0.7% | −1.9% |
| Free cash flow yield | 23.1% | 12.4% | 10.1% | 3.0% | −1.4% | −0.4% | −0.5% | 0.2% | 0.4% | 0.9% |
| Dividend yield | — | — | 35.4% | — | 0.1% | 0.1% | 0.1% | 6.9% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 13.2% | 10.0% | 45.0% | 3.0% | 0.3% | 0.2% | 0.2% | 7.1% | 0.1% | 0.0% |
| Share price at fiscal year-end | $28.88 | $35.01 | $33.95 | $35.40 | $187.35 | $378.97 | $168.67 | $82.44 | $48.40 | $20.60 |
| Per share | ||||||||||
| Revenue per share | $28.59 | $26.06 | $23.20 | $20.88 | $17.38 | $13.35 | $10.86 | $8.47 | $6.57 | $5.20 |
| Earnings per share | $0.49 | −$0.63 | −$1.74 | −$9.23 | −$4.10 | −$0.94 | −$0.64 | −$0.33 | −$0.34 | −$0.40 |
| Operating cash flow per share | $7.02 | $5.25 | $4.21 | $2.01 | $1.66 | −$0.40 | $0.78 | $0.91 | $0.54 | $0.41 |
| Free cash flow per share | $6.68 | $4.34 | $3.41 | $1.06 | −$2.67 | −$1.61 | −$0.82 | $0.19 | $0.19 | $0.18 |
| Cash per share | $1.51 | $2.64 | $2.34 | $2.83 | $2.91 | $7.21 | $4.13 | $7.12 | $2.38 | $2.20 |
| Book value per share | −$6.69 | −$5.98 | −$5.30 | −$5.07 | $3.69 | $3.52 | $8.97 | $4.00 | $2.26 | $1.78 |
| Tangible book value per share | −$9.34 | −$9.69 | −$10.15 | −$11.18 | −$4.72 | $1.54 | $6.77 | $3.36 | $2.12 | $1.62 |
| Dividends per share | — | — | $12.01 | — | $0.23 | $0.41 | $0.18 | $5.65 | $0.00 | $0.00 |
| Capex per share | $0.34 | $0.90 | $0.80 | $0.95 | $4.33 | $1.21 | $1.60 | $0.72 | $0.35 | $0.22 |
| Debt per share | $16.85 | $17.15 | $16.76 | $17.60 | $15.79 | $16.48 | $5.17 | $4.61 | $0.00 | $0.21 |
| Shares outstanding | 88.0M | 92.1M | 94.9M | 95.2M | 91.7M | 88.7M | 83.1M | 79.5M | 76.3M | 73.0M |
| Change in shares outstanding | −4.5% | −3.0% | −0.3% | +3.8% | +3.4% | +6.7% | +4.6% | +4.2% | +4.5% | +4.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | — | — | −115.6% | −15.7% | −10.1% | −10.7% | −17.3% | −24.4% |
| Return on invested capital (ROIC) | 12.6% | 0.3% | −17.6% | −42.0% | −18.0% | −9.1% | −7.6% | −23.9% | — | — |
| Return on assets (ROA) | 2.7% | −3.1% | −8.2% | −37.8% | −15.8% | −4.6% | −4.6% | −4.4% | −9.4% | −12.5% |
| Return on tangible assets | 3.5% | −4.1% | −11.1% | −59.0% | −20.8% | −4.1% | −4.2% | −3.1% | −8.9% | −12.2% |
| Free cash flow margin | 23.4% | 16.7% | 14.7% | 5.1% | −15.3% | −12.1% | −7.6% | 2.2% | 2.8% | 3.5% |
| Income quality (OCF / net income) | 14.23 | — | — | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $1.48B | $1.58B | $1.59B | $1.68B | $1.45B | $1.46B | $429.7M | $366.6M | $0 | $15.0M |
| Cash & short-term investments | $132.6M | $242.8M | $222.2M | $270.0M | $267.2M | $639.9M | $343.6M | $566.3M | $181.2M | $160.4M |
| Net debt | $1.35B | $1.34B | $1.37B | $1.41B | $1.18B | $821.6M | $86.0M | −$199.8M | −$181.2M | −$145.3M |
| Debt / equity | — | — | — | — | 4.27 | 4.68 | 0.58 | 1.15 | 0.00 | 0.12 |
| Debt / assets | 1.00 | 0.89 | 0.82 | 0.81 | 0.56 | 0.67 | 0.30 | 0.41 | 0.00 | 0.06 |
| Net debt / EBITDA | 3.98 | 5.65 | 12.10 | — | — | 19.18 | 59.67 | −15.01 | −14.65 | −80.97 |
| Current ratio | 0.49 | 1.16 | 1.34 | 1.22 | 1.24 | 2.11 | 1.91 | 3.55 | 1.96 | 1.78 |
| Quick ratio | 0.49 | 1.16 | 1.34 | 1.22 | 1.23 | 2.11 | 1.91 | 3.55 | 1.96 | 1.77 |
| Interest coverage | 2.1 | 0.0 | -5.5 | -135.1 | -4.7 | -2.3 | -2.2 | -1.0 | -275.5 | -34.8 |
| Working capital | −$620.8M | $122.3M | $216.1M | $143.5M | $124.5M | $488.1M | $254.8M | $508.2M | $121.3M | $89.9M |
| Invested capital | $761.3M | $785.6M | $865.6M | $923.3M | $1.52B | $1.13B | $831.7M | $117.8M | −$9.0M | −$15.3M |
| Tangible asset value | −$821.3M | −$892.4M | −$963.7M | −$1.07B | −$433.1M | $136.6M | $563.1M | $266.9M | $161.3M | $118.4M |
| Net current asset value | −$1.47B | −$1.46B | −$1.60B | −$1.76B | −$1.59B | −$946.2M | −$169.5M | $130.8M | $115.1M | $83.3M |
| Graham net-net per share | −$18.74 | −$19.52 | −$20.56 | −$21.55 | −$19.57 | −$12.41 | −$3.17 | $0.76 | $1.09 | $0.83 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $1.14B | — | $21.5M | $36.7M | $14.7M | $449.5M | $0 | $0 |
| Share buybacks (net) | $334.4M | $322.4M | $311.1M | $99.8M | $21.5M | $36.7M | $14.7M | $15.0M | $3.7M | $255,000 |
| Dividends + buybacks / free cash flow | 56.9% | 80.5% | 448.0% | 98.9% | — | — | — | — | 25.9% | 1.9% |
| Capex / revenue | 1.2% | 3.5% | 3.4% | 4.5% | 24.9% | 9.1% | 14.8% | 8.5% | 5.4% | 4.3% |
| Capex / operating cash flow | 4.9% | 17.2% | 19.0% | 47.3% | 260.8% | — | 205.6% | 79.0% | 65.4% | 55.2% |
| Capex / depreciation | 0.14 | 0.37 | 0.32 | 0.37 | 3.17 | 1.42 | 3.52 | 2.45 | 1.66 | 1.12 |
| Stock-based compensation / revenue | 10.7% | 14.1% | 19.4% | 19.4% | 22.4% | 16.0% | 11.2% | 10.1% | 8.4% | 8.1% |
| R&D / revenue | 12.6% | 13.7% | 15.2% | 18.2% | 19.4% | 16.0% | 15.1% | 15.0% | 15.0% | 17.3% |
| SG&A / revenue | 53.6% | 56.8% | 63.6% | 67.9% | 71.4% | 66.2% | 64.4% | 64.1% | 66.3% | 65.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 55.9 | 57.1 | 56.0 | 49.9 | 46.8 | 47.2 | 45.4 | 38.2 | 28.0 | 23.7 |
| Days of inventory on hand | 0.5 | 0.7 | 0.7 | 2.0 | 2.5 | 0.5 | 0.5 | 0.5 | 0.4 | 4.7 |
| Days payables outstanding | 12.5 | 19.4 | 31.9 | 37.8 | 50.5 | 50.0 | 35.4 | 20.3 | 22.8 | 25.7 |
| Cash conversion cycle (days) | 44.0 | 38.3 | 24.9 | 14.1 | -1.2 | -2.3 | 10.5 | 18.4 | 5.6 | 2.7 |
| Receivables turnover | 6.53 | 6.40 | 6.52 | 7.31 | 7.80 | 7.74 | 8.05 | 9.55 | 13.04 | 15.37 |
| Payables turnover | 29.23 | 18.77 | 11.45 | 9.67 | 7.23 | 7.30 | 10.32 | 17.99 | 16.03 | 14.18 |
| Inventory turnover | 666.67 | 515.91 | 491.89 | 186.98 | 144.50 | 679.85 | 770.14 | 791.58 | 929.28 | 77.49 |
| Asset turnover | 1.54 | 1.29 | 1.10 | 0.85 | 0.67 | 0.65 | 0.77 | 1.12 | 1.80 | 1.62 |
| Average receivables | $385.2M | $375.3M | $337.9M | $272.1M | $204.4M | $153.0M | $112.2M | $70.5M | $38.5M | $24.7M |
| Average payables | $24.8M | $37.6M | $58.0M | $66.4M | $62.0M | $44.3M | $22.4M | $8.7M | $7.6M | $6.5M |
| Average inventory | $1.1M | $1.4M | $1.4M | $3.4M | $3.1M | $476,000 | $300,000 | $198,500 | $130,500 | $1.2M |
| Intangibles / total assets | 15.7% | 19.2% | 23.7% | 28.1% | 29.9% | 8.0% | 12.6% | 5.7% | 3.6% | 4.6% |
Computed from RNG's annual financial statements (latest annual report filed February 27, 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.
RNG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), RingCentral traded at 58.5 times earnings. Based on the latest twelve months, the trailing P/E is 60.4 and the forward P/E is 14.3. RingCentral earned a return on invested capital of 12.6% in fiscal 2025. It ended the year with $1.5 billion of debt and $132.6 million in cash and short-term investments, net debt of $1.3 billion. It returned $334.4 million to shareholders: $0 in dividends and $334.4 million in share buybacks, 57% of free cash flow. The share count rose 20.5% from 73.0M to 88.0M over 9 years.
See the RNG income statement, the RNG chart for price history, or the RNG stock overview for the latest quote and news.
RNG key metrics FAQ
What is RingCentral's P/E ratio?
RingCentral's trailing P/E ratio is 60.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.3. At the end of fiscal 2025 it was 58.5.
What is RingCentral's EV/EBITDA?
RingCentral's enterprise value was 11.5 times EBITDA at the end of fiscal 2025 (enterprise value $3.9 billion, EBITDA $339.1 million); the current EV/EBITDA is 18.7.
What is RingCentral's ROIC?
RingCentral's return on invested capital was 12.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does RingCentral have?
RingCentral had total debt of $1.5 billion at the end of fiscal 2025 and $1.3 billion of net debt (3.98 times EBITDA).
Does RingCentral buy back its shares?
Yes. RingCentral spent $334.4 million on net share repurchases in fiscal 2025 Shares outstanding changed −4.5% over the year, to 88.0M..
What is RingCentral's free cash flow yield?
RingCentral generated $587.3 million of free cash flow in fiscal 2025, a free cash flow yield of 23.1% on its market value at year-end ($2.5 billion).
What is RingCentral's current ratio?
RingCentral's current ratio was 0.49 at the end of fiscal 2025: current assets were 0.49 times current liabilities.