(FFIV) F5 Networks - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US3156161024

Load Balancer, Firewall, WAF, API Gateway, CDN

Stock: Communications Equipment
Age 26.6y

MCap 15,086m
Avg Vol 930K (242M USD)

Beta 1.009
Volatility 28.05%

EPS (Earnings per Share)

EPS CAGR: 11.79%
EPS Trend: 85.3%

Last SUE: 2.51
Qual. Beats: 6

Revenue

Rev. CAGR: 4.49%
Rev. Trend: 82.5%

Last SUE: 0.90
Qual. Beats: 2

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	28.1%
Value at Risk 5%th	41.6%
Relative Tail Risk	-9.74%

Reward TTM
Sharpe Ratio	-0.07
Alpha	-17.84
CAGR/Max DD	0.61

Character TTM
Hurst Exponent	0.582
Beta	1.009
Beta Downside	1.129

Drawdowns 3y
Max DD	34.73%
Mean DD	7.23%
Median DD	4.86%

Description: FFIV F5 Networks December 19, 2025

F5, Inc. (NASDAQ:FFIV) delivers multicloud application security and delivery solutions across a global footprint, enabling customers to run workloads on-premises, in public clouds, or in hybrid environments. Its portfolio spans unified networking and security functions-including web-app and API protection, multi-cloud networking, DNS, CDN, and orchestration tools-plus a suite of products such as NGINX Plus, NGINX One Console, BIG-IP hardware/software, and associated professional services.

According to the FY 2023 Form 10-K, F5 generated $2.98 billion in revenue, a 7 % year-over-year increase, with non-GAAP operating margin expanding to 23 %. NGINX-related subscriptions now represent roughly 30 % of total revenue, reflecting the market’s shift toward software-defined, cloud-native delivery. The company’s subscription-based ARR grew at ~15 % CAGR over the past three years, underscoring the recurring-revenue model’s resilience.

Key macro drivers for F5’s market include the accelerating adoption of multi-cloud architectures (projected to reach 80 % of enterprise workloads by 2026) and rising enterprise security spend, which the IDC forecasts will grow at 9 % annually through 2027. Additionally, the surge in API-centric applications fuels demand for NGINX Ingress Controller and WAF solutions, positioning F5 to capture a larger share of the API security segment.

For a deeper, data-driven assessment of FFIV’s valuation metrics and scenario analysis, consider exploring the detailed model on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income: 692.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.14 > 0.02 and ΔFCF/TA 0.77 > 1.0
NWC/Revenue: 29.34% < 20% (prev 22.01%; Δ 7.33% < -1%)
CFO/TA 0.15 > 3% & CFO 949.7m > Net Income 692.4m
Net Debt (-1.11b) to EBITDA (879.3m): -1.27 < 3
Current Ratio: 1.56 > 1.5 & < 3
Outstanding Shares: last quarter (58.4m) vs 12m ago -1.59% < -2%
Gross Margin: 81.74% > 18% (prev 0.80%; Δ 8094 % > 0.5%)
Asset Turnover: 51.76% > 50% (prev 50.17%; Δ 1.59% > 0%)
Interest Coverage Ratio: -36.34 > 6 (EBITDA TTM 879.3m / Interest Expense TTM -21.6m)

Altman Z'' 5.05

A: 0.14 (Total Current Assets 2.52b - Total Current Liabilities 1.61b) / Total Assets 6.32b
B: 0.56 (Retained Earnings 3.57b / Total Assets 6.32b)
C: 0.13 (EBIT TTM 786.7m / Avg Total Assets 5.97b)
D: 1.32 (Book Value of Equity 3.59b / Total Liabilities 2.73b)
Altman-Z'' Score: 5.05 = AAA

Beneish M -3.46

DSRI: 0.48 (Receivables 414.4m/790.1m, Revenue 3.09b/2.82b)
GMI: 0.98 (GM 81.74% / 80.20%)
AQI: 0.97 (AQ_t 0.55 / AQ_t-1 0.57)
SGI: 1.10 (Revenue 3.09b / 2.82b)
TATA: -0.04 (NI 692.4m - CFO 949.7m) / TA 6.32b)
Beneish M-Score: -3.46 = AA

ValueRay F-Score (Strict, 0-100) 91.73

1. Piotroski: 6.50pt
2. FCF Yield: 6.49%
3. FCF Margin: 29.35%
4. Debt/Equity: 0.06
5. Debt/Ebitda: -1.27
6. ROIC - WACC: 10.95%
7. RoE: 20.34%
8. Revenue Trend: 82.48%
9. EPS Trend: 85.32%

What is the price of FFIV shares?

As of January 23, 2026, the stock is trading at USD 262.00 with a total of 701,499 shares traded.
Over the past week, the price has changed by -4.38%, over one month by +0.61%, over three months by -12.03% and over the past year by -3.70%.

Is FFIV a buy, sell or hold?

F5 Networks has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold FFIV.

Strong Buy: 0
Buy: 1
Hold: 11
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the FFIV price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	295.3	12.7%
Analysts Target Price	295.3	12.7%
ValueRay Target Price	280.6	7.1%

FFIV Fundamental Data Overview January 22, 2026

P/E Trailing = 22.0271
P/E Forward = 17.9533
P/S = 4.8852
P/B = 4.3376
P/EG = 2.1121
Revenue TTM = 3.09b USD
EBIT TTM = 786.7m USD
EBITDA TTM = 879.3m USD
Long Term Debt = 261.8m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 30.4m USD (from shortTermDebt, two quarters ago)
Debt = 230.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.11b USD (from netDebt column, last quarter)
Enterprise Value = 13.97b USD (15.09b + Debt 230.7m - CCE 1.34b)
Interest Coverage Ratio = -36.34 (Ebit TTM 786.7m / Interest Expense TTM -21.6m)
EV/FCF = 15.42x (Enterprise Value 13.97b / FCF TTM 906.4m)
FCF Yield = 6.49% (FCF TTM 906.4m / Enterprise Value 13.97b)
FCF Margin = 29.35% (FCF TTM 906.4m / Revenue TTM 3.09b)
Net Margin = 22.42% (Net Income TTM 692.4m / Revenue TTM 3.09b)
Gross Margin = 81.74% ((Revenue TTM 3.09b - Cost of Revenue TTM 563.7m) / Revenue TTM)
Gross Margin QoQ = 82.24% (prev 82.27%)
Tobins Q-Ratio = 2.21 (Enterprise Value 13.97b / Total Assets 6.32b)
Interest Expense / Debt = 3.22% (Interest Expense 7.44m / Debt 230.7m)
Taxrate = 11.43% (24.6m / 215.1m)
NOPAT = 696.8m (EBIT 786.7m * (1 - 11.43%))
Current Ratio = 1.56 (Total Current Assets 2.52b / Total Current Liabilities 1.61b)
Debt / Equity = 0.06 (Debt 230.7m / totalStockholderEquity, last quarter 3.59b)
Debt / EBITDA = -1.27 (Net Debt -1.11b / EBITDA 879.3m)
Debt / FCF = -1.23 (Net Debt -1.11b / FCF TTM 906.4m)
Total Stockholder Equity = 3.40b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.60% (Net Income 692.4m / Total Assets 6.32b)
RoE = 20.34% (Net Income TTM 692.4m / Total Stockholder Equity 3.40b)
RoCE = 21.46% (EBIT 786.7m / Capital Employed (Equity 3.40b + L.T.Debt 261.8m))
RoIC = 20.47% (NOPAT 696.8m / Invested Capital 3.40b)
WACC = 9.53% (E(15.09b)/V(15.32b) * Re(9.63%) + D(230.7m)/V(15.32b) * Rd(3.22%) * (1-Tc(0.11)))
Discount Rate = 9.63% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.04%
[DCF Debug] Terminal Value 76.46% ; FCFF base≈848.6m ; Y1≈1.05b ; Y5≈1.78b
Fair Price DCF = 414.5 (EV 22.97b - Net Debt -1.11b = Equity 24.08b / Shares 58.1m; r=9.53% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 85.32 | EPS CAGR: 11.79% | SUE: 2.51 | # QB: 6
Revenue Correlation: 82.48 | Revenue CAGR: 4.49% | SUE: 0.90 | # QB: 2
EPS next Quarter (2026-03-31): EPS=3.39 | Chg30d=+0.010 | Revisions Net=+1 | Analysts=11
EPS current Year (2026-09-30): EPS=15.11 | Chg30d=+0.085 | Revisions Net=+1 | Growth EPS=-4.4% | Growth Revenue=+2.0%
EPS next Year (2027-09-30): EPS=16.30 | Chg30d=+0.100 | Revisions Net=+1 | Growth EPS=+7.8% | Growth Revenue=+3.9%

Additional Sources for FFIV Stock

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