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OneSpan Inc. OSPN

Nasdaq · stock · Services-Computer Integrated Systems Design · website · IPO 1998-03-20 · LEI

OneSpan Inc. statistics & valuation

Market cap$525.0M
P / E7.2×
P / S2.2×
P / B1.9×
P / FCF10.4×
Dividend yield3.52%
Net margin30.0%
Return on equity26.8%
FCF margin20.8%
Return on capital17.1%
Graham number +4%$17.20

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 ($17.20); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.50% -11.60% 1.40% 3.10% -2.50% -14.30% -6.60% -12.70% 23.50% 30.00% 2016201720182019202020212022202320242025
Gross margin (%)
67.90% 69.60% 69.30% 66.20% 68.60% 66.60% 67.80% 67.10% 71.80% 73.80% 2016201720182019202020212022202320242025
Operating margin (%)
5.00% 3.20% -0.40% 5.60% -2.40% -12.20% -12.40% -12.30% 18.40% 19.90% 2016201720182019202020212022202320242025
Return on equity (%)
4.20% -9.40% 1.20% 3.00% -2.10% -13.90% -7.10% -18.70% 26.90% 26.80% 2016201720182019202020212022202320242025
Shares outstanding
40.1M 40.1M 40.2M 40.2M 40.1M 40.0M 40.1M 40.2M 39.1M 38.9M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.20% -6.60% 0.90% 2.10% -1.50% -8.90% -4.30% -10.30% 16.90% 18.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
13.70% 7.50% -1.20% 4.30% 5.50% -2.30% -4.90% -9.90% 19.10% 20.80% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$0.27 -$0.56 $0.08 $0.20 -$0.14 -$0.77 -$0.36 -$0.74 $1.46 $1.88 2016201720182019202020212022202320242025

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

OneSpan Inc. trades at about 8.8× earnings — below its 10-year norm (10-year range 6.3×–182.4×, median 25.3×).

6.3× 182.4×

Shaded band = 10-year range (6.3×–182.4×); dot = today's 8.8×.

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)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin73.8%71.8%67.1%67.8%66.6%68.6%66.2%69.3%69.6%67.9%
Operating margin19.9%18.4%-12.3%-12.4%-12.2%-2.4%5.6%-0.4%3.2%5.0%
Net margin30.0%23.5%-12.7%-6.6%-14.3%-2.5%3.1%1.4%-11.6%5.5%
FCF margin20.8%19.1%-9.9%-4.9%-2.3%5.5%4.3%-1.2%7.5%13.7%
Return on assets18.3%16.9%-10.3%-4.3%-8.9%-1.5%2.1%0.9%-6.6%3.2%
Return on equity26.8%26.9%-18.7%-7.1%-13.9%-2.1%3.0%1.2%-9.4%4.2%
Current ratio1.501.591.271.792.102.752.842.653.453.05

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.