Pro-Dex, Inc. (PDEX) 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

+122.5%

$128.30

vs $57.65 price

Levered DCF

$99.87

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

7.36

Safe zone

Rating

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	13.81×	15.99×	30.08×	9.65×	12.66×	26.12×	11.42×	13.42×
P/B	3.97×	3.92×	2.08×	2.16×	2.28×	4.56×	3.66×	3.28×
P/S	2.44×	2.15×	1.19×	1.48×	1.38×	2.76×	2×	2.05×
EV / EBITDA	13.82×	11.3×	17.26×	7.4×	10.62×	19.05×	8.07×	9.68×
Gross margin	31.4%	29.3%	27.0%	27.7%	31.2%	31.2%	37.7%	36.0%
Operating margin	16.8%	16.1%	13.3%	12.5%	12.2%	12.2%	20.3%	18.4%
Net margin	17.6%	13.5%	4.0%	15.3%	10.9%	10.9%	17.5%	15.3%
Current ratio	4.1×	3.23×	2.84×	3.2×	2.74×	2.74×	4.34×	5.1×
Debt / equity	0.38×	0.45×	0.44×	0.47×	0.63×	0.63×	0.37×	0.27×
Interest coverage	16×	12.89×	12.85×	10.81×	11.04×	14.55×	29.94×	22.72×
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%	0.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	28.7%	24.5%	6.9%	22.4%	18.0%	18.0%	32.1%	24.4%
Return on invested capital	15.0%	15.0%	13.0%	9.3%	9.9%	9.9%	20.3%	17.4%
Return on assets	18.3%	14.7%	4.1%	13.7%	9.3%	9.3%	19.6%	16.3%
Free cash flow yield	3.6%	-2.0%	8.1%	6.6%	-4.3%	-2.2%	7.7%	3.5%
Earnings yield	7.2%	6.3%	3.3%	10.4%	7.9%	3.9%	8.8%	7.4%
Enterprise value	$198.8M	$159.6M	$75.1M	$80.1M	$73.1M	$131.1M	$70.3M	$52.5M
Net debt / EBITDA	0.69×	1.14×	2.51×	1.1×	2.2×	2.2×	0.07×	-0.59×
Cash conversion cycle (days)	218	232	194	231	246	246	160	144