Infrastructure software stocks with the lowest EV/EBIT

Ranked

82

of 206 infrastructure software stocks we cover

Median

29.8×

Lowest

1.2×

MKTW

Range

1.2× to 176×

#	Company	EV/EBIT	PE	Operating margin	Market cap
1	MKTWMarketwise	1.2×	21.6×	8.1%	$297M
2	UISUnisys	4.1×	n/m	1.4%	$184.5M
3	MSGMMotorsport Games	6.5×	11.4×	21.1%	$22.5M
4	CCSIConsensus Cloud Solutions	7.7×	7.6×	41.8%	$686.6M
5	INSEInspired Entertainment	8.3×	n/m	14.3%	$83.6M
6	EGANEGAIN	9.5×	17.8×	8.7%	$148.7M
7	GTMZoomInfo Technologies	10.3×	n/m	−35.2%	$1.3B
8	OTEXOpen Text	10.7×	10.8×	20.6%	$6.8B
9	NTWKNetsol Technologies	10.8×	31.4×	9.3%	$93.9M
10	LDOSLeidos	10.9×	12.7×	11.5%	$17.1B
11	TDCTeradata	11.4×	n/m	7.5%	$3.2B
12	GENGen Digital	12.2×	14.5×	41.7%	$14.9B
13	XZOExzeo	13.0×	17.1×	48.5%	$1.5B
14	IDNIntellicheck	13.2×	16.3×	11.8%	$49.5M
15	GDDYGoDaddy	13.3×	16.7×	24.8%	$14.3B
16	KDKyndryl	13.5×	41.0×	2.4%	$3.2B
17	SAICScience Applications International	13.7×	17.0×	8.0%	$6.1B
18	CPAYCorpay	15.6×	24.9×	43.7%	$26.8B
19	CRNCCerence	15.7×	n/m	8.7%	$377.2M
20	BLKBBlackbaud	16.0×	17.4×	19.8%	$2.5B
21	OSPNOneSpan	16.1×	11.4×	18.0%	$744M
22	DBXDropbox	16.9×	21.0×	26.6%	$8.5B
23	PRGSProgress Software	17.0×	n/m	17.7%	$1.9B
24	NTCTNetscout Systems	17.5×	24.2×	14.8%	$2.9B
25	ACIWACI Worldwide	18.6×	25.6×	18.6%	$5.6B
26	PTCPTC	19.6×	18.9×	37.8%	$21B
27	PAYCPaycom Software	20.2×	29.2×	30.3%	$12.4B
28	CACICaci International	20.4×	26.3×	9.6%	$14B
29	PSNParsons	21.2×	33.8×	4.9%	$5.2B
30	YOUClear Secure	21.2×	30.9×	25.1%	$6.1B
31	FATNFatpipe	21.7×	13.7×	17.2%	$75.3M
32	ORCLOracle	21.7×	19.8×	32.1%	$381.5B
33	ALRMAlarm.com	23.8×	29.0×	12.8%	$3.1B
34	PCTYPaylocity	23.9×	35.8×	21.8%	$9.4B
35	VRSNVeriSign	24.1×	32.6×	67.9%	$27.1B
36	WAYWaystar	24.5×	41.2×	22.9%	$5.5B
37	NABLN-able	24.7×	n/m	9.5%	$967.2M
38	CXMSprinklr	24.7×	66.9×	5.3%	$1.6B
39	MSFTMicrosoft	24.9×	29.2×	46.8%	$3.9T
40	XYZBlock	25.8×	137×	4.7%	$45.9B
41	QLYSQualys	29.4×	37.5×	34.4%	$7.5B
42	FFIVF5	30.1×	36.3×	24.5%	$25.8B
43	SPSCSPS Commerce	32.0×	44.7×	12.8%	$3.3B
44	CCCCCC Intelligent Solutions	32.1×	95.9×	15.9%	$4.5B
45	EVCMEverCommerce	34.0×	51.3×	9.9%	$1.6B
46	BSYBentley Systems	34.6×	43.6×	23.6%	$12B
47	DUOLDuolingo	34.7×	n/m	13.7%	$6.7B
48	AKAMAkamai Technologies	36.8×	33.6×	10.5%	$13.4B
49	DOCUDocusign	38.2×	52.0×	12.0%	$15.9B
50	TOSTToast	39.3×	41.4×	6.3%	$18.9B
51	PDPagerDuty	39.7×	n/m	6.5%	$1.4B
52	APPFAppfolio	39.9×	48.1×	17.5%	$7.5B
53	PATHUiPath	40.2×	21.1×	8.9%	$7.4B
54	CMRCCommerce.com	41.4×	n/m	0.4%	$295M
55	TYLTyler Technologies	44.4×	51.7×	15.1%	$16B
56	WFCFWhere Food Comes From	45.6×	53.5×	5.9%	$74.6M
57	MANHManhattan Associates	48.7×	68.2×	24.3%	$13.9B
58	QTWOQ2	49.9×	49.6×	10.0%	$4.3B
59	BOXBox	50.0×	62.6×	9.4%	$5.9B
60	FTNTFortinet	52.6×	63.4×	32.4%	$132.1B
61	NCNOnCino	53.6×	77.2×	7.9%	$2.4B
62	BLBlackline	58.7×	62.1×	4.3%	$2B
63	BBBLACKBERRY	60.4×	74.3×	13.6%	$5.2B
64	XPERXperi	65.4×	n/m	−2.4%	$252.6M
65	NTNXNutanix	66.6×	13.7×	9.6%	$19.1B
66	AVPTAvePoint	67.8×	51.6×	9.8%	$3.5B
67	DTDynatrace	68.0×	128×	12.1%	$18.5B
68	AGYSAgilysys	68.2×	79.9×	14.6%	$3.4B
69	CVLTCommvault Systems	69.1×	108×	6.1%	$7B
70	RDVTRed Violet	70.5×	71.5×	17.9%	$1.3B
71	PDFSPDF Solutions	82.0×	157×	8.2%	$1.7B
72	SNPSSynopsys	84.7×	76.0×	8.5%	$82.4B
73	FRSHFreshworks	91.2×	24.2×	3.3%	$4B
74	RPDRapid7	99.5×	48.1×	1.2%	$1B
75	GWREGuidewire Software	103×	117×	10.2%	$15.5B
76	IIIVi3 Verticals	116×	54.3×	2.7%	$457.2M
77	TWLOTwilio	121×	36.5×	5.2%	$40.2B
78	TENBTenable	125×	n/m	3.6%	$4.9B
79	WKWorkiva	147×	103×	3.3%	$4.7B
80	OKTAOkta	151×	128×	7.5%	$37.2B
81	ZETAZeta Global	161×	n/m	1.6%	$8.5B
82	PLTRPalantir Technologies	176×	168×	42.8%	$472.8B

Not ranked: 90 with a loss over the last year, 8 with not a meaningful number, 3 with a value above 300× (too small a base to compare), 2 with a value too high to mean anything. 20 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.