# VTEX (VTEX) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Technology / Software. Price $3.97, market value $656 million.

## Valuation
- **P/E (trailing): 23.4×** (5-yr avg 53.3×, 3-yr avg 53.3×). VTEX trades at 23.4× trailing earnings, well below its own five-year average of 53.3×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 14.4×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.45**. A PEG of 0.45 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.6×**. Each dollar of revenue is priced at 2.6×.
- **Price / book: 2.9×**. The shares trade at 2.9× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 18.6×**. Enterprise value is 18.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.7%** (5-yr avg 0.0%). Free cash flow equals 6.7% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 4.3%**. The inverse of the P/E: 4.3% of the price is earned each year.

## Profitability
- **Gross margin: 79.3%**. VTEX keeps 79.3% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 12.2%**. 12.2% of revenue is left after running the business.
- **Net margin: 8.3%**. 8.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.6%**. 8.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 13.1%**. Return on all capital, debt included, is 13.1%.
- **Return on assets: 8.7%**. Each dollar of assets produces 8.7% of profit.

## Growth
- **Revenue growth (1 yr): 6.1%** (3-yr 15.1%/yr, 5-yr 19.5%/yr). Revenue grew 6.1% over the last year, against 19.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 31.7%**. Earnings per share rose 31.7%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. VTEX holds more cash than debt.
- **Current ratio: 3.04** (quick 3.04). Current assets cover the next year's liabilities 3.04 times.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. VTEX does not currently pay a dividend, but it returned 11.1% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: buy** (10 analysts). 10 analysts cover VTEX; the consensus is buy, with an average price target of $5.54 (+40% 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): -11.4%** (YTD 5.9%, 3-mo -9.5%). The shares are down 11.4% over twelve months including dividends.
- **From 52-week high: -13.7%** (39.7% above the low). Trading 14% 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): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): 0.66** (volatility 45%). Beta of 0.66 against the S&P 500: the shares move much less than the market.

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

Not investment advice.