Research Solutions, Inc. (RSSS) 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

+253.1%

$6.55

vs $1.86 price

Levered DCF

$6.11

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.03

Grey 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	26.13×	69.66×	-19.92×	95.77×	-28.8×	-260×	-75.24×	-56.8×
P/B	3.56×	6.32×	6.39×	7.48×	9.63×	13.71×	12.08×	22×
P/S	1.53×	1.79×	1.68×	1.45×	1.43×	2.34×	1.89×	2.32×
EV / EBITDA	12.48×	21.4×	779.11×	243.65×	-24.78×	-269.54×	-71.79×	-57.16×
Gross margin	51.9%	49.3%	44.0%	39.0%	36.5%	32.4%	31.0%	29.0%
Operating margin	7.5%	5.1%	-1.7%	0.6%	-5.0%	-0.9%	-2.7%	-4.4%
Net margin	5.8%	2.6%	-8.5%	1.5%	-5.0%	-0.9%	-2.1%	-4.1%
Current ratio	0.83×	0.78×	0.82×	1.47×	1.4×	1.47×	1.48×	1.39×
Debt / equity	0×	0×	0×	0×	0×	0×	0.02×	0.07×
Interest coverage	3.5×	0×	0×	0×	-11.93×	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	13.6%	9.1%	-32.4%	7.8%	-33.4%	-5.3%	-13.6%	-38.7%
Return on invested capital	16.8%	11.4%	-3.2%	3.2%	-33.4%	-5.2%	-17.3%	-38.7%
Return on assets	6.2%	2.7%	-9.0%	2.6%	-9.6%	-1.7%	-4.5%	-11.3%
Free cash flow yield	7.1%	8.0%	4.7%	6.1%	-1.0%	2.5%	4.1%	0.8%
Earnings yield	3.8%	1.4%	-5.1%	1.0%	-3.5%	-0.4%	-1.1%	-1.8%
Enterprise value	$61.1M	$75.8M	$68.7M	$41.3M	$36.4M	$63.4M	$49.5M	$61.5M
Net debt / EBITDA	-2.58×	-3.45×	-69.22×	-80.01×	7.21×	46.8×	13.4×	4.78×
Cash conversion cycle (days)	-44	-56	-73	-50	-57	-59	-56	-30