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RADWARE LTD RDWR

Nasdaq · stock · Services-Business Services, NEC · website · IPO 1999-09-30

RADWARE LTD statistics & valuation

P / E62.6×
P / S4.2×
P / B3.2×
P / FCF30.5×
Net margin6.7%
FCF margin13.8%
Return on capital2.4%
Graham number -67.7%$9.41

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 ($9.41); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-4.40% -3.50% 5.00% 9.00% 3.90% 2.70% -0.10% -8.30% 2.20% 6.70% 2016201720182019202020212022202320242025
Gross margin (%)
81.80% 81.30% 82.20% 82.10% 82.00% 81.70% 81.60% 80.20% 80.60% 80.70% 2016201720182019202020212022202320242025
Operating margin (%)
-6.50% -3.20% 3.20% 6.70% 2.50% 6.40% -1.10% -12.10% -1.40% 3.80% 2016201720182019202020212022202320242025
Return on equity (%)
-2.90% -2.40% 3.20% 5.70% 2.50% 2.10% 0.00% -6.70% 1.70% 5.20% 2016201720182019202020212022202320242025
Shares outstanding
43.9M 44.1M 47.7M 48.5M 47.7M 47.5M 44.9M 42.9M 43.4M 44.7M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-2.00% -1.60% 2.20% 3.80% 1.50% 1.20% 0.00% -3.80% 1.00% 3.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
14.80% 11.50% 17.20% 17.70% 22.10% 23.10% 8.00% -3.40% 24.10% 13.80% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
-$0.20 -$0.17 $0.25 $0.47 $0.20 $0.16 $0.00 -$0.50 $0.14 $0.45 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

RADWARE LTD trades at about 64.7× earnings — above its 10-year norm (10-year range 26.7×–210.2×, median 54.2×).

26.7× 210.2×

Shaded band = 10-year range (26.7×–210.2×); dot = today's 64.7×.

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 margin80.7%80.6%80.2%81.6%81.7%82.0%82.1%82.2%81.3%81.8%
Operating margin3.8%-1.4%-12.1%-1.1%6.4%2.5%6.7%3.2%-3.2%-6.5%
Net margin6.7%2.2%-8.3%-0.1%2.7%3.9%9.0%5.0%-3.5%-4.4%
FCF margin13.8%24.1%-3.4%8.0%23.1%22.1%17.7%17.2%11.5%14.8%
Return on assets3.0%1.0%-3.8%-0.0%1.2%1.5%3.8%2.2%-1.6%-2.0%
Return on equity5.2%1.7%-6.7%-0.0%2.1%2.5%5.7%3.2%-2.4%-2.9%
Current ratio1.631.902.432.041.932.421.773.042.333.13

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