OSPNOneSpan Inc.
Is the price fair?
Neither cheap nor expensive: nothing decisive, though cheap against its own history.
Priced for ~5% a year FCF growth. Roughly in line with its three-year revenue growth of 3% a year.
Cheap vs its own history: P/E 11.4 vs a 47.8 median over 21 quarters (−76% vs median).
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What OSPN's price assumes
OneSpan Inc. trades at 11.4× earnings against 35.0× for the median Software - Infrastructure name, cheaper than its own group.
Trailing P/E · Software - Infrastructure median 35.0 · cheaper than the typical name in its group
- Price / sales
- 2.22
Price / sales · as of 2026-Q2
- Free cash flow yield
- 5.4%
Free cash flow yield · Software - Infrastructure median 4.9%
- Growth the price implies
- +4.6%
Growth the price implies · The price pays for +4.6% free cash flow growth a year for a decade; revenue has grown 2.8% a year over the last three.
Details›
- Price / bookas of 2026-Q2
- 2.00
- Technology median P/E450 names
- 34.1
- Software - Infrastructure median P/E103 names
- 35.0
- Free cash flow, trailing twelve months
- $40M
- Market capitalisation36.9 million shares, counted Jul 30, 2026
- $744M
- 3-year revenue growth
- +2.8%
| Method | Per share |
|---|---|
| What its own history would imply | not meaningful, 11.4× today against a 47.8× median |
| 52-week range | $10.04 – $20.19 |
| Today | $20.19 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
What is it worth?
Today's price against what its own multiples, its cash flow and your growth assumption say it is worth.
Against its own past
Its multiples now against their own history, and how much of the price move came from earnings rather than the multiple.
Software, Infrastructure
Ranks #21 of 78 by RyuScore