ORACLE CORP
$125.35
−1.76 (−1.38%) · delayed · Nov 13, 2026
Five-year price
52w $109.21 to $250.25
- Market cap
- $379.0B
- Enterprise value
- $354.9B
- P/E
- 21.5×
- 27.1× on 3y avg EPS
- EV / EBIT
- 17.2×
- FCF yield
- −6.2%
- ROIC
- 88.4%
- Debt / equity
- 0.17
- Piotroski F
- 5/9
Value scorecard · FY2026
Does it pass the value tests?
Quality
83
- ●ROIC > 12% (5y avg)5y avg ROIC 102.6%
- ●ROE > 15% (5y avg)5y avg ROE 253.4%
- ●Stable operating marginsMargin volatility 2.1% (σ, 5y)
- ○Earnings convert to cashFCF / net income 29% (5y avg)
- ●Growing revenueRevenue CAGR 5y 10.7%
- ●Shrinking share countDiluted shares -3.6% over 5y
Value
0
- ○P/E below 15P/E 21.5
- ○EV/EBIT below 12EV/EBIT 17.2
- ○FCF yield above 6%FCF yield -6.2%
- ○Price below Graham NumberGraham Number $42.94
- ○P/B below 3P/B 8.9
Safety
40
- ●Debt / equity below 0.5D/E 0.17
- ●Debt payable in < 4 yrs of earningsNet debt $-24.1B
- ○Interest coverage > 8xCoverage 4.5x
- ○Current ratio > 1.5Current ratio 1.12
- ○Piotroski F-score ≥ 6F-score 5/9
Graham Defensive
57
- ●Adequate size (revenue > $2B)Revenue $67.4B
- ○Strong condition (current ratio ≥ 2)Current ratio 1.12
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 129%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 27.1
- ○P/E × P/B ≤ 22.5Product 241.6
Valuation lab
What do you have to believe?
A cash-flow valuation isn’t meaningful here: free cash flow is negative or not reported (common for banks, insurers and early-stage companies). Use book value and earnings power instead.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 37,792 | 39,383 | 39,506 | 39,068 | 40,479 | 42,440 | 49,954 | 52,961 | 57,399 | 67,357 |
| Gross profit | 23,017 | 24,287 | — | — | — | — | — | — | — | — |
| Operating income | 12,913 | 13,264 | 13,535 | 13,896 | 15,213 | 10,926 | 13,093 | 15,353 | 17,678 | 20,606 |
| Operating margin | 34.2% | 33.7% | 34.3% | 35.6% | 37.6% | 25.7% | 26.2% | 29.0% | 30.8% | 30.6% |
| Pre-tax income | 11,517 | 12,891 | — | — | — | — | — | — | — | — |
| Income tax | 2,228 | 8,837 | 1,185 | 1,928 | (747) | 932 | 623 | 1,274 | 1,717 | 2,467 |
| Net income | 9,452 | 3,587 | 11,083 | 10,135 | 13,746 | 6,717 | 8,503 | 10,467 | 12,443 | 17,087 |
| EPS (diluted) | 2.24 | 0.85 | 2.97 | 3.08 | 4.55 | 2.41 | 3.07 | 3.71 | 4.34 | 5.83 |
| Diluted shares | 4,217 | 4,238 | 3,732 | 3,294 | 3,022 | 2,786 | 2,766 | 2,823 | 2,866 | 2,914 |
Who owns it