A10 Networks, Inc. Ratios | P/E, ROE & Valuation

On the Key Ratios page for A10 Networks, Inc. (ATEN), the latest P/E of 57.1 frames valuation, while ROE 21.19% and ROIC 8.15% indicates profitability and capital efficiency. Together with the current ratio of 3.71 and debt-to-equity 0.99, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

ATEN Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$4.18$3.53$3.39$3.71$3.25$2.90$2.79$3.20$3.36$3.50
Net Income per Share$0.62$0.68$0.54$0.62$1.23$0.23$-0.23$-0.38$-0.15$-0.32
Operating Cash Flow per Share$0.98$1.22$0.60$0.88$0.65$0.71$-0.01$-0.04$0.20$0.29
Free Cash Flow per Share$0.72$1.06$0.45$0.73$0.58$0.67$-0.06$-0.08$0.12$0.19
Cash per Share$5.16$2.64$2.15$2.00$2.40$2.03$1.71$1.77$1.87$1.74
Book Value per Share$3.08$3.13$2.80$2.40$2.71$1.49$1.43$1.91$1.89$1.76
Tangible Book Value per Share$2.79$3.11$2.78$2.38$2.69$1.46$1.38$1.84$1.79$1.63
Interest Debt per Share$3.08$0.26$0.23$0.25$0.27$0.30$0.37$0.00$0.00$0.01
CAPEX per Share$0.26$0.17$0.15$0.14$0.07$0.05$0.06$0.04$0.08$0.10

ATEN Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)57.0827.1924.4526.7813.4643.04-29.33-16.42-50.3-26.07
Price to Book (P/B)11.675.884.76.946.126.614.84.375.56.6
Price to Sales (P/S)8.655.213.884.485.113.42.461.952.32.37
Enterprise Value to EBITDA37.6923.1618.6919.5128.5228.58-51.66-22.19-566.79-39.94
EV to Sales9.194.893.564.34.873.142.371.782.12.25
EV to Operating Cash Flow39.3314.1520.1518.2324.3112.79-1185.38-153.2634.5327.53
EV to Free Cash Flow53.5416.3626.6821.7927.1113.67-105.95-75.1957.641.67
Enterprise Value$2.75B$1.28B$896.92M$1.20B$1.22B$707.09M$504.97M$412.88M$494.24M$517.00M

ATEN Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)21.19%21.63%19.23%25.91%45.42%15.36%-16.38%-26.58%-10.93%-25.30%
Return on Invested Capital (ROIC)8.15%11.91%12.42%18.47%35.63%8.77%-8.71%-20.80%-8.84%-17.20%
Return on Tangible Assets7.28%11.62%10.29%12.75%24.22%6.17%-6.59%-11.96%-4.92%-10.03%
Earnings Yield1.73%3.68%4.09%3.73%7.43%2.32%-3.41%-6.09%-1.99%-3.84%
Free Cash Flow Yield1.98%5.74%3.44%4.40%3.52%6.74%-0.91%-1.21%1.59%2.27%
Dividend Yield0.67%1.31%1.82%1.27%0.30%0.00%0.00%0.00%0.00%0.00%

ATEN Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio3.712.492.452.172.452.252.262.212.21.94
Interest Coverage37.695.95031.8419.120-61.45-214.57-64.02-45.09
Income Quality1.571.81.111.410.533.10.020.1-1.33-0.9
Debt to Equity0.990.050.080.090.090.20.26000
Debt to Assets34.54%2.76%4.31%4.56%4.91%8.08%10.23%0.00%0.00%0.00%
Net Debt to EBITDA2.21-1.51-1.68-0.83-1.4-2.421.812.1853.42.24

ATEN Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover4.343.413.393.844.054.423.974.34.883.75
Payables Turnover4.364.16.838.457.8110.346.446.335.95.57
Inventory Turnover3.042.342.042.892.382.422.182.893.033.46
Days Sales Outstanding84.12106.96107.7694.9590.2182.6291.9584.8374.8397.26
Days Payables Outstanding83.7289.0353.4543.1946.7435.3156.6957.6961.8465.48
Days of Inventory on Hand119.96156.2179.01126.48153.23150.88167.14126.11120.33105.35

ATEN Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA37.6923.1618.6919.5128.5228.58-51.66-22.19-566.79-39.94
Market Cap$2.59B$1.36B$977.35M$1.26B$1.28B$766.87M$522.67M$453.50M$540.81M$545.98M
Enterprise Value$2.75B$1.28B$896.92M$1.20B$1.22B$707.09M$504.97M$412.88M$494.24M$517.00M
Dividend Yield0.67%1.31%1.82%1.27%0.30%0.00%0.00%0.00%0.00%0.00%
Payout Ratio38.63%35.49%44.58%33.94%4.09%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

Is A10 Networks, Inc. stock overvalued based on its P/E ratio?

On this page, ATEN's current P/E is 57.1, compared with a multi-year average around 32.0. A higher P/E versus its own history can indicate the market is pricing in stronger earnings growth or better durability. To judge whether the premium is justified, cross-check profitability (ROE/ROIC), liquidity (current ratio), and leverage (debt-to-equity) so you can separate quality strength from expectations alone.

What is A10 Networks, Inc. market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $2.59B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

What is a good P/E ratio for A10 Networks, Inc. compared to its industry?

There isn't one universal "good" P/E - P/E should be judged against the business model and expected growth for its sector. A practical approach is: (1) compare the P/E on this page to A10 Networks, Inc.'s own historical range (shown across the table's rows), and (2) benchmark against peer companies using the Screener's P/E filters and the Peers Comparison/Compare tools. If profitability (ROE/ROIC) and cash-flow strength are improving, a higher P/E can be more defensible; if returns are slipping, even a lower P/E may be a value trap.

How does A10 Networks, Inc. compare to its competitors in key financial ratios?

The fastest way to compare A10 Networks, Inc. with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see A10 Networks, Inc. outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

Is A10 Networks, Inc. financially strong based on its ratios?

To assess whether A10 Networks, Inc. is financially strong, review both profitability and balance-sheet risk together. Current ratio is about 3.71, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 37.69, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.99, suggesting leverage is more moderate relative to a high-debt profile. Then confirm the same story is supported by ROE/ROIC (quality of earnings) and by cash-flow backed metrics in the table.

What do A10 Networks, Inc.'s financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If A10 Networks, Inc. is sustaining strong returns (for example ROE at 21.19% and ROIC at 8.15%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.