# Ondas Inc. (ONDS) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Communications Equipment. Price $7.62, market value $4.4 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Ondas Inc. 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: 25.0×**. Each dollar of revenue is priced at 25.0×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 2.6×**. The shares trade at 2.6× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -3.9%** (5-yr avg -26.5%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 43.7%**. Ondas Inc. keeps 43.7% of revenue after the direct cost of what it sells.
- **Operating margin: -140.4%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -260.7%**. The company reported a net loss over the last twelve months.
- **Return on equity: -30.2%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 171.4%**. Return on all capital, debt included, is 171.4%: comfortably above what that capital costs.
- **Return on assets: 14.7%**. Each dollar of assets produces 14.7% of profit.

## Growth
- **Revenue growth (1 yr): 605.3%** (3-yr 187.9%/yr, 5-yr 87.9%/yr). Revenue grew 605.3% over the last year, against 87.9% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -1.6%**. Earnings per share fell 1.6%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 2.3×**. It would take 2.3 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 4.84** (quick 4.84). Current assets cover the next year's liabilities 4.84 times.
- **Altman Z-score: 4.94**. A Z-score of 4.94 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

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

## Analyst view
- **Analyst consensus: strong_buy** (9 analysts). 9 analysts cover Ondas Inc.; the consensus is strong_buy, with an average price target of $19.42 (+155% 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): 43.0%** (YTD -21.9%, 3-mo -26.9%). The shares are up 43.0% over twelve months including dividends.
- **From 52-week high: -50.1%** (53.9% above the low). Trading 50% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 3.73** (volatility 117%). Beta of 3.73 against the S&P 500: the shares move much more than the market.

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

Not investment advice.