−15% below 5y medianEV / revenue vs. its own five years
Board median EV / revenue10.2×five-year median 11.8× · −14%
Median Rule of 405321 of 24 above the line
Median revenue growth18%a year ago 15% · accelerating
Median SBC / revenue11%FCF margin 30% → 16% ex-SBC
Lights on1 of 3prices Oct 16, 2026 · TTM through Aug 31, 2026
Against the line
growth + FCF margin, in points
line 40score 76
growth 46 ptFCF margin 30 pt
Growth +46% plus FCF margin +30% is 76 points, 36 above the line at 40. Counting the stock as an expense: 66 points.
Where it has traded
quarter-end EV / revenue · 20 quarters · Oct 31, 2021 → Jul 31, 2026
Five-year median 11.8×, middle half 10.6–13.0×, range 8.7–17.9×. Now 10.1×: −15% below its own median, higher than 15% of those quarters.Each quarter at its own close, shares and balance sheet · the band is the 25th–75th percentile
What the cash flow really is
TTM through Jul 31, 2026 · $B
FCF 2.79B − SBC 0.95B = 1.84B ex-SBC · operating income 0.92B is the GAAP figure after SBC
Against its scale group
SNPS (blue) vs. the other Large companies on the board (14), grey
Revenue growth+46% vs. +25%
Gross margin72% vs. 76%
FCF margin+30% vs. +33%
SBC / revenue10% vs. 15%
Rule of 4076 vs. 58
EV / revenue10.1× vs. 19.4×
Group averages are the plain mean of the other companies in the same scale group with a usable window.
Quarter by quarter
8 quarters · Oct 31, 2024 → Jul 31, 2026 · a gap is a dropped quarter