# nCino Inc. (NCNO) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Technology / Software. Price $22.62, market value $2.4 billion.

## Valuation
- **P/E (trailing): 70.7×** (5-yr avg 427.0×, 3-yr avg 427.0×). nCino Inc. trades at 70.7× trailing earnings, well below its own five-year average of 427.0×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 14.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.12**. A PEG of 0.12 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.8×**. Each dollar of revenue is priced at 3.8×.
- **Price / book: 2.6×**. The shares trade at 2.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 27.9×**. Enterprise value is 27.9× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 5.5%** (5-yr avg 0.9%). Free cash flow equals 5.5% of the market value, above its five-year average of 0.9%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 1.4%**. The inverse of the P/E: 1.4% of the price is earned each year.

## Profitability
- **Gross margin: 62.2%**. nCino Inc. keeps 62.2% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 7.9%**. 7.9% of revenue is left after running the business.
- **Net margin: 0.9%**. 0.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 0.5%**. 0.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 3.3%**. Return on all capital, debt included, is 3.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.0%**. Each dollar of assets produces 2.0% of profit.

## Growth
- **Revenue growth (1 yr): 10.0%** (3-yr 13.4%/yr, 5-yr 23.8%/yr). Revenue grew 10.0% over the last year, against 23.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 115.2%**. Earnings per share rose 115.2%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.20**. Debt is 0.20 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.4×**. It would take 1.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 1.00** (quick 1.00). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 3.74**. A Z-score of 3.74 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. nCino Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (12 analysts). 12 analysts cover nCino Inc.; the consensus is buy, with an average price target of $24.42 (+8% 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): -15.4%** (YTD -11.8%, 3-mo 16.0%). The shares are down 15.4% over twelve months including dividends.
- **From 52-week high: -17.7%** (63.9% above the low). Trading 18% 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): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 0.71** (volatility 50%). Beta of 0.71 against the S&P 500: the shares move roughly with the market.

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

Not investment advice.