# OneSpan Inc. (OSPN) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Technology / Software. Price $24.45, market value $902 million.

## Valuation
- **P/E (trailing): 13.6×** (5-yr avg 9.3×, 3-yr avg 9.3×). OneSpan Inc. trades at 13.6× trailing earnings, well above its own five-year average of 9.3×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 17.7×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 0.62**. A PEG of 0.62 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.6×**. Each dollar of revenue is priced at 3.6×.
- **Price / book: 3.2×**. The shares trade at 3.2× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 5.0%** (5-yr avg 1.6%). Free cash flow equals 5.0% of the market value, above its five-year average of 1.6%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 7.4%**. The inverse of the P/E: 7.4% of the price is earned each year.

## Profitability
- **Gross margin: 74.3%**. OneSpan Inc. keeps 74.3% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 17.9%**. 17.9% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 30.0%**. 30.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 26.8%**. 26.8% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on assets: 17.5%**. Each dollar of assets produces 17.5% of profit.

## Growth
- **Revenue growth (1 yr): 0.0%** (3-yr 3.6%/yr, 5-yr 2.4%/yr). Revenue grew 0.0% over the last year, against 2.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 28.8%**. Earnings per share rose 28.8%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Current ratio: 1.50** (quick 1.50). Current assets cover the next year's liabilities 1.50 times.
- **Altman Z-score: 6.44**. A Z-score of 6.44 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.12%** ($0.52 per share, trailing). OneSpan Inc. yields 2.12%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 25%** (43% of free cash flow). 25% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.

## Analyst view
- **Analyst consensus: buy** (4 analysts). 4 analysts cover OneSpan Inc.; the consensus is buy, with an average price target of $23.50 (-4% 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): 131.6%** (YTD 103.6%, 3-mo 61.0%). The shares are up 131.6% over twelve months including dividends.
- **From 52-week high: -10.9%** (142.8% above the low). Trading 11% 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): 84**. An RSI of 84 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.76** (volatility 53%). Beta of 0.76 against the S&P 500: the shares move roughly with the market.

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

Not investment advice.