Insight Enterprises, Inc. (NSIT) 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

+13.2%

$188.78

vs $166.77 price

Levered DCF

$253.21

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.49

Distress zone

Rating

B+

Overall 3 / 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	16.29×	19.68×	20.77×	12.47×	17×	15.47×	15.65×	8.86×
P/B	1.56×	2.77×	3.37×	2.14×	2.47×	1.99×	2.15×	1.47×
P/S	0.31×	0.56×	0.64×	0.34×	0.4×	0.32×	0.32×	0.2×
EV / EBITDA	9.1×	11.17×	14.21×	9.15×	11.35×	10.21×	12.49×	5.48×
Gross margin	21.4%	20.3%	18.2%	15.7%	15.3%	15.6%	14.7%	14.0%
Operating margin	4.6%	4.5%	4.6%	4.0%	3.5%	3.3%	3.1%	3.3%
Net margin	1.9%	2.9%	3.1%	2.7%	2.3%	2.1%	2.1%	2.3%
Current ratio	1.25×	1.18×	1.28×	1.36×	1.42×	1.43×	1.62×	1.52×
Debt / equity	0.96×	0.61×	0.73×	0.62×	0.5×	0.66×	1.03×	0.2×
Interest coverage	4.43×	6.7×	10.21×	10.47×	8.2×	6.53×	8.45×	10.24×
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	9.5%	14.1%	16.2%	17.1%	14.5%	12.9%	13.7%	16.6%
Return on invested capital	6.2%	7.5%	8.9%	10.6%	9.9%	8.3%	7.0%	14.5%
Return on assets	1.7%	3.4%	4.5%	5.5%	4.7%	4.0%	3.8%	5.9%
Free cash flow yield	10.9%	11.9%	9.9%	0.8%	3.0%	12.4%	2.4%	19.0%
Earnings yield	6.1%	5.1%	4.8%	8.0%	5.9%	6.5%	6.4%	11.3%
Enterprise value	$3.8B	$5.7B	$6.8B	$4.4B	$4.4B	$3.4B	$3.6B	$1.5B
Net debt / EBITDA	2.95×	1.6×	2.07×	1.8×	1.68×	2.24×	3.76×	0.2×
Cash conversion cycle (days)	16	24	46	51	47	51	58	50