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EXTREME NETWORKS INC EXTR

Nasdaq · stock · Computer Communications Equipment · website · IPO 1999-04-09 · LEI

EXTREME NETWORKS INC statistics & valuation

Market cap$4.2B
P / E98.6×
P / S3.2×
P / B46.9×
P / FCF43.6×
Net margin3.3%
Return on equity47.5%
FCF margin7.4%
Net cash$46.8M
Net debt / EBITDA-0.6×
Enterprise value USD$4.1B
EV / EBITDA52.3×
Earnings yield EBIT/EV1.5%
Return on capital10.7%
Graham number -90.1%$2.14

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($2.14); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-0.30% -4.80% -2.60% -13.40% 0.20% 4.00% 5.90% -7.70% -0.70% 3.30% 2017201820192020202120222023202420252026
Gross margin (%)
54.50% 54.40% 55.40% 54.60% 58.00% 56.60% 57.50% 56.50% 62.20% 61.50% 2017201820192020202120222023202420252026
Operating margin (%)
1.00% -3.90% -1.50% -10.40% 3.40% 5.80% 8.30% -5.80% 1.50% 4.90% 2017201820192020202120222023202420252026
Return on equity (%)
-1.40% -41.50% -22.30% -2349.90% 3.60% 49.00% 66.90% -340.00% -11.40% 47.50% 2017201820192020202120222023202420252026
Shares outstanding
110.9M 116.1M 119.2M 120.5M 127.7M 133.5M 133.6M 130.3M 132.3M 135.0M 2017201820192020202120222023202420252026
Net debt ($)
-$36.7M $78.9M $10.9M $420.8M $346.8M $114.1M -$9.8M $33.3M -$51.7M -$46.8M 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
-0.40% -6.10% -3.40% -13.00% 0.20% 4.10% 6.80% -8.20% -0.60% 3.60% 2017201820192020202120222023202420252026
Free cash flow margin (%)
8.00% -2.20% 8.30% 2.20% 12.60% 10.10% 17.90% 3.30% 11.20% 7.40% 2017201820192020202120222023202420252026
Debt / equity (×)
0.75× 1.77× 1.56× 77.95× 6.37× 3.42× 1.93× 7.52× 2.74× 1.86× 2017201820192020202120222023202420252026
EPS ($)
-$0.02 -$0.41 -$0.22 -$1.06 $0.02 $0.33 $0.58 -$0.66 -$0.06 $0.31 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

EXTREME NETWORKS INC trades at about 69.4× earnings — above its 10-year norm (10-year range 18.8×–550.5×, median 45.8×).

18.8× 550.5×

Shaded band = 10-year range (18.8×–550.5×); dot = today's 69.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin61.5%62.2%56.5%57.5%56.6%58.0%54.6%55.4%54.4%54.5%
Operating margin4.9%1.5%-5.8%8.3%5.8%3.4%-10.4%-1.5%-3.9%1.0%
Net margin3.3%-0.7%-7.7%5.9%4.0%0.2%-13.4%-2.6%-4.8%-0.3%
FCF margin7.4%11.2%3.3%17.9%10.1%12.6%2.2%8.3%-2.2%8.0%
Return on assets3.6%-0.6%-8.2%6.8%4.1%0.2%-13.0%-3.4%-6.1%-0.4%
Return on equity47.5%-11.4%-340.0%66.9%49.0%3.6%-2349.9%-22.3%-41.5%-1.4%
Debt / equity1.86×2.74×7.52×1.93×3.42×6.37×77.95×1.56×1.77×0.75×
Current ratio0.930.910.901.000.981.071.041.241.191.40

Computed from company filings · US · as of 2025-06-30. Facts plus Stocktoria's own computed scores — not investment advice.