QuinStreet, Inc. (QNST) 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

-144.6%

-$7.82

vs $17.56 price

Levered DCF

$50.78

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.5

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	10.32×	193.28×	-28.02×	-6.9×	-104.14×	42.23×	29.89×	12.12×
P/B	2.59×	3.73×	4.04×	2.07×	1.91×	3.35×	2.11×	3.4×
P/S	0.65×	0.83×	1.43×	0.82×	0.94×	1.71×	1.1×	1.66×
EV / EBITDA	13.39×	26.8×	-145.43×	-286.48×	36.99×	18.92×	14.26×	34.62×
Gross margin	11.3%	10.1%	7.5%	8.4%	9.2%	12.2%	10.7%	13.5%
Operating margin	2.7%	0.6%	-4.6%	-3.6%	-0.8%	2.4%	1.3%	2.4%
Net margin	6.3%	0.4%	-5.1%	-11.9%	-0.9%	4.1%	3.7%	13.7%
Current ratio	1.22×	1.51×	1.34×	1.68×	1.67×	1.78×	2.16×	1.71×
Debt / equity	0.23×	0.04×	0.05×	0.02×	0.01×	0.03×	0.03×	0×
Interest coverage	8.06×	15.48×	-41.27×	-26.35×	-4.39×	10.75×	8.92×	29.23×
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	25.1%	1.9%	-14.4%	-30.0%	-1.8%	8.0%	7.1%	28.0%
Return on invested capital	7.7%	1.9%	-11.4%	-8.3%	-1.4%	3.3%	2.2%	4.5%
Return on assets	11.3%	1.1%	-8.5%	-20.4%	-1.2%	5.2%	5.1%	19.2%
Free cash flow yield	15.2%	9.1%	0.8%	-0.7%	3.9%	4.9%	8.0%	4.4%
Earnings yield	9.7%	0.5%	-3.6%	-14.5%	-1.0%	2.4%	3.4%	8.3%
Enterprise value	$784.2M	$818.4M	$837.5M	$405.9M	$454.1M	$886.1M	$440.2M	$694.6M
Net debt / EBITDA	-0.91×	-2.98×	6.86×	48.76×	-7.54×	-2.17×	-3.2×	-3.12×
Cash conversion cycle (days)	16	22	36	17	22	25	28	26