8x8, Inc. (EGHT) 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

-224.9%

-$2.60

vs $2.08 price

Levered DCF

$3.25

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

-0.25

Distress 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	166×	-9.52×	-4.79×	-7.45×	-8.12×	-23.17×	-8.06×	-21.9×
P/B	1.56×	2.12×	3.18×	5.05×	7.83×	23.91×	7.27×	7.8×
P/S	0.31×	0.36×	0.45×	0.69×	2.24×	7.21×	3.11×	5.52×
EV / EBITDA	9.45×	13.22×	29.75×	34.19×	-17.92×	-40.91×	-13.37×	-29.03×
Gross margin	64.6%	67.9%	69.1%	69.1%	61.2%	56.8%	54.9%	63.1%
Operating margin	2.6%	2.1%	-3.8%	-3.8%	-24.2%	-27.5%	-35.8%	-25.8%
Net margin	0.2%	-3.8%	-9.3%	-9.3%	-27.5%	-31.1%	-38.6%	-25.2%
Current ratio	1.09×	1.2×	1.44×	1.19×	1.44×	2.28×	2.25×	5.32×
Debt / equity	2.53×	3.36×	4.68×	5.69×	2.95×	2.52×	2.04×	0.87×
Interest coverage	-1.07×	0.53×	-0.69×	-0.69×	-6.8×	-7.81×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.1%	-22.3%	-66.3%	-67.7%	-96.2%	-103.2%	-90.4%	-35.6%
Return on invested capital	1.7%	2.8%	-4.6%	-4.0%	-20.9%	-25.6%	-27.4%	-19.3%
Return on assets	0.2%	-4.0%	-8.9%	-8.0%	-19.3%	-24.4%	-24.6%	-16.2%
Free cash flow yield	22.8%	19.3%	19.1%	6.7%	0.7%	-1.3%	-11.6%	-2.5%
Earnings yield	0.7%	-10.5%	-20.8%	-13.4%	-12.3%	-4.3%	-12.4%	-4.6%
Enterprise value	$506.2M	$581.7M	$685.9M	$962.5M	$1.9B	$4.1B	$1.6B	$1.9B
Net debt / EBITDA	5.18×	7.32×	15.67×	16.25×	-4.27×	-2.89×	-2.06×	0.93×
Cash conversion cycle (days)	-23	-47	-50	-45	-40	-6	32	-26