Agilysys, Inc. (AGYS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+47.7%

$174.29

vs $117.98 price

Levered DCF

$173.26

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

16.43

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	51.18×	86.36×	25.63×	158.67×	209.89×	-47.49×	-11.36×	-36.67×
P/B	6.11×	7.51×	9.21×	14.07×	7.31×	9.75×	5.41×	4.78×
P/S	6.25×	7.24×	9.17×	10.29×	5.97×	8.2×	2.41×	3.42×
EV / EBITDA	32.08×	56.03×	79.28×	99.89×	85.21×	-63.39×	-22.05×	92.99×
Gross margin	61.9%	62.4%	60.7%	61.0%	62.4%	65.2%	50.4%	52.5%
Operating margin	12.6%	8.2%	6.6%	6.5%	3.9%	-15.3%	-21.2%	-9.3%
Net margin	12.1%	8.4%	36.3%	7.4%	4.0%	-15.3%	-21.2%	-9.3%
Current ratio	1.47×	1.11×	2.11×	1.97×	1.91×	2.18×	1.35×	1.36×
Debt / equity	0.06×	0.18×	0.1×	0.12×	0.08×	0.12×	0.21×	0×
Interest coverage	81.44×	14.78×	0×	0×	526.58×	-1,047.9×	-3,784.56×	-1,308.1×
Dividend yield	0.0%	0.0%	0.1%	0.1%	0.2%	0.1%	0.0%	0.0%
Payout ratio	0.0%	0.0%	1.9%	12.6%	28.3%	-5.3%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.9%	8.7%	36.4%	10.1%	4.9%	-18.2%	-47.5%	-13.1%
Return on invested capital	8.9%	6.2%	5.9%	7.1%	4.3%	-15.5%	-37.9%	-12.4%
Return on assets	8.1%	5.3%	24.6%	6.0%	3.0%	-11.1%	-22.0%	-8.0%
Free cash flow yield	3.4%	2.6%	1.8%	1.3%	2.8%	2.4%	1.8%	0.4%
Earnings yield	1.9%	1.2%	4.0%	0.7%	0.7%	-1.9%	-8.8%	-2.7%
Enterprise value	$1.9B	$2B	$2.1B	$1.9B	$885.1M	$1B	$356.7M	$440.8M
Net debt / EBITDA	-1.65×	-0.74×	-4.66×	-4.94×	-8.31×	5.22×	1.93×	-8.59×
Cash conversion cycle (days)	43	22	30	47	43	35	43	63