# JFrog Ltd. (FROG) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Software. Price $87.60, market value $10.8 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). JFrog Ltd. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 18.0×**. Each dollar of revenue is priced at 18.0×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 11.2×**. The shares trade at 11.2× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 1.6%** (5-yr avg 1.8%). Free cash flow equals 1.6% of the market value, in line with its five-year average of 1.8%.

## Profitability
- **Gross margin: 77.9%**. JFrog Ltd. keeps 77.9% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: -11.5%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -13.5%**. The company reported a net loss over the last twelve months.
- **Return on equity: -8.1%**. Return on equity is negative because earnings are negative.
- **Return on assets: -3.3%**. Each dollar of assets produces -3.3% of profit.

## Growth
- **Revenue growth (1 yr): 24.1%** (3-yr 23.8%/yr, 5-yr 28.7%/yr). Revenue grew 24.1% over the last year, against 28.7% a year compounded over five years.
- **EPS growth (1 yr): 1.6%**. Earnings per share rose 1.6%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 102.6%/yr**. Free cash flow has compounded at 102.6% a year over three years.

## Financial health
- **Current ratio: 2.14** (quick 2.14). Current assets cover the next year's liabilities 2.14 times.
- **Altman Z-score: 15.79**. A Z-score of 15.79 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. JFrog Ltd. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (22 analysts). 22 analysts cover JFrog Ltd.; the consensus is strong_buy, with an average price target of $112.00 (+28% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 81.0%** (YTD 40.2%, 3-mo 4.3%). The shares are up 81.0% over twelve months including dividends.
- **From 52-week high: -17.2%** (157.3% above the low). Trading 17% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 1.45** (volatility 73%). Beta of 1.45 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FROG · Page: https://foliofundamentals.com/stocks/frog

Not investment advice.