LiveRamp Holdings, Inc. (RAMP) 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

+33.7%

$51.48

vs $38.50 price

Levered DCF

$62.36

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

7.57

Safe zone

Rating

A+

Overall 5 / 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	11.53×	-2,125.2×	189×	-12.25×	-74.78×	-38.15×	-17.79×	3.99×
P/B	1.7×	1.83×	2.38×	1.57×	2.4×	3.18×	2.05×	3.08×
P/S	2.04×	2.32×	3.42×	2.44×	4.82×	7.76×	5.86×	14.35×
EV / EBITDA	11.7×	33.72×	42.32×	-10.62×	-50.53×	-31.98×	-10.96×	-21.04×
Gross margin	70.7%	71.0%	72.8%	71.5%	72.1%	67.5%	59.9%	57.7%
Operating margin	10.9%	0.7%	1.7%	-21.1%	-12.4%	-27.2%	-47.5%	-69.4%
Net margin	18.0%	-0.1%	1.8%	-19.9%	-6.4%	-20.4%	-32.7%	360.1%
Current ratio	2.47×	2.65×	2.78×	4.09×	4.42×	5×	5.55×	12.53×
Debt / equity	0.03×	0.04×	0.04×	0.05×	0.06×	0.01×	0.02×	0×
Interest coverage	0×	31.98×	26.16×	-343.72×	0×	0×	0×	0×
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	15.0%	-0.1%	1.3%	-12.8%	-3.2%	-8.4%	-11.4%	77.3%
Return on invested capital	8.5%	-0.1%	0.3%	-12.5%	-5.5%	-8.0%	-11.9%	-10.7%
Return on assets	11.3%	-0.1%	1.0%	-10.1%	-2.5%	-7.0%	-9.6%	69.8%
Free cash flow yield	10.1%	8.9%	4.6%	2.4%	2.9%	-0.7%	-1.8%	-11.4%
Earnings yield	8.8%	-0.0%	0.5%	-8.2%	-1.3%	-2.6%	-5.6%	25.1%
Enterprise value	$1.3B	$1.4B	$2B	$1B	$2B	$2.9B	$1.5B	$3B
Net debt / EBITDA	-3.14×	-9.38×	-6.36×	4.27×	13.54×	6.21×	4.98×	7.35×
Cash conversion cycle (days)	-99	-94	-55	-72	-83	54	32	42