Fair Isaac Corporation (FICO) 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

-31.9%

$491.11

vs $721.26 price

Levered DCF

$535.90

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

8.37

Safe zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	55.63×	93.53×	50.55×	28.73×	29.15×	52.32×	45.78×	47.49×
P/B	-20.78×	-49.82×	-31.54×	-13.38×	-103.06×	37.35×	30.36×	25.63×
P/S	18.22×	27.92×	14.34×	7.79×	8.69×	9.55×	7.58×	6.55×
EV / EBITDA	41.23×	65.73×	35.35×	22.31×	23.34×	39.8×	33.1×	34.03×
Gross margin	82.2%	79.7%	79.4%	78.1%	74.7%	72.1%	71.0%	69.9%
Operating margin	46.5%	42.7%	42.5%	39.4%	38.4%	22.9%	21.9%	17.0%
Net margin	32.7%	29.9%	28.4%	27.1%	29.8%	18.3%	16.6%	13.8%
Current ratio	0.83×	1.62×	1.51×	1.46×	0.99×	1.29×	0.93×	0.8×
Debt / equity	-1.76×	-2.33×	-2.76×	-2.38×	-12.03×	2.74×	2.85×	2.9×
Interest coverage	6.92×	6.94×	6.73×	7.86×	12.61×	7.02×	6.38×	5.6×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-37.3%	-53.3%	-62.4%	-46.6%	-353.4%	71.4%	66.3%	54.0%
Return on invested capital	53.0%	43.0%	39.1%	37.1%	32.7%	21.2%	19.4%	12.4%
Return on assets	34.9%	29.9%	27.3%	25.9%	25.0%	14.7%	13.4%	11.3%
Free cash flow yield	2.1%	1.3%	2.1%	4.7%	3.6%	2.8%	2.7%	2.8%
Earnings yield	1.8%	1.1%	2.0%	3.5%	3.4%	1.9%	2.2%	2.1%
Enterprise value	$39.2B	$50.1B	$23.5B	$12.5B	$12.6B	$13.1B	$9.5B	$7.4B
Net debt / EBITDA	3.09×	2.75×	2.66×	3.17×	2.11×	2.28×	2.5×	3.09×
Cash conversion cycle (days)	64	67	71	65	64	71	69	71