OSI Systems, Inc. (OSIS) 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

-53.3%

$92.93

vs $198.90 price

Levered DCF

$318.61

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.06

Safe zone

Rating

A-

Overall 4 / 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	24.44×	25.24×	18.13×	21.62×	13×	24.67×	18.03×	32.18×
P/B	4.54×	4.06×	2.69×	2.73×	2.35×	2.85×	2.37×	3.78×
P/S	2.12×	2.25×	1.51×	1.55×	1.27×	1.59×	1.16×	1.76×
EV / EBITDA	16.9×	17×	12.02×	13.23×	10.89×	12.85×	10.59×	14.24×
Gross margin	33.2%	34.3%	34.5%	33.7%	35.9%	36.6%	36.1%	36.4%
Operating margin	12.3%	12.7%	12.3%	10.6%	10.3%	10.1%	9.0%	7.6%
Net margin	8.7%	8.7%	8.3%	7.2%	9.7%	6.5%	6.5%	5.5%
Current ratio	3.15×	2.04×	1.49×	1.47×	1.22×	2.06×	1.87×	1.68×
Debt / equity	1.2×	0.72×	0.64×	0.54×	0.62×	0.47×	0.62×	0.63×
Interest coverage	8.35×	6.42×	6.79×	6.75×	13.59×	6.9×	5.59×	4.16×
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	18.6%	15.7%	14.8%	12.6%	18.1%	11.6%	13.2%	11.7%
Return on invested capital	8.8%	10.0%	9.9%	8.9%	8.8%	8.3%	9.1%	7.0%
Return on assets	6.2%	6.7%	6.6%	5.9%	8.0%	5.3%	5.9%	5.1%
Free cash flow yield	6.5%	1.5%	-5.5%	3.2%	2.2%	6.0%	7.0%	4.3%
Earnings yield	4.1%	3.9%	5.5%	4.6%	7.7%	4.1%	5.5%	3.1%
Enterprise value	$4.4B	$4.4B	$2.8B	$2.3B	$1.8B	$2B	$1.6B	$2.3B
Net debt / EBITDA	2.45×	2.21×	1.98×	1.82×	1.96×	1.38×	1.81×	1.53×
Cash conversion cycle (days)	232	244	229	194	195	173	161	161