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AudioCodes Valuation Multiples
Discover revenue and EBITDA valuation multiples for AudioCodes and similar public comparables like Vecima Networks, Ceragon Networks, Lantronix, Netronix and more.
AudioCodes Overview
About AudioCodes
AudioCodes Ltd develops and sells onverged voice over IP and data networking solutions, products and applications to service providers and channels, OEMs, network equipment providers and system integrators. Its products include IP phones, session border controllers, voice applications, multi-service business routers, digital and analog media gateways, among others. The company generates revenues from the sale of products through a direct sales force and sales representatives. Its geographic segments are Israel, Americas, Europe, and the Far East. It derives a majority of the revenues from Americas segment.
Founded
1992
HQ

Employees
946
Website
Financials (LTM)
EV
$200M
AudioCodes Financials
AudioCodes reported last 12-month revenue of $247M and EBITDA of $24M.
In the same LTM period, AudioCodes generated $162M in gross profit, $24M in EBITDA, and $10M in net income.
Revenue (LTM)
AudioCodes P&L
In the most recent fiscal year, AudioCodes reported revenue of $246M and EBITDA of $25M.
AudioCodes expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $247M | XXX | $246M | XXX | XXX | XXX |
| Gross Profit | $162M | XXX | $160M | XXX | XXX | XXX |
| Gross Margin | 66% | XXX | 65% | XXX | XXX | XXX |
| EBITDA | $24M | XXX | $25M | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $10M | XXX | $9M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 4% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
AudioCodes Stock Performance
AudioCodes has current market cap of $235M, and enterprise value of $200M.
Market Cap Evolution
AudioCodes' stock price is $9.09.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $200M | $235M | 4.2% | XXX | XXX | XXX | $0.35 |
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Start Free TrialAudioCodes Valuation Multiples
AudioCodes trades at 0.8x EV/Revenue multiple, and 8.4x EV/EBITDA.
EV / Revenue (LTM)
AudioCodes Financial Valuation Multiples
As of April 21, 2026, AudioCodes has market cap of $235M and EV of $200M.
Equity research analysts estimate AudioCodes' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
AudioCodes has a P/E ratio of 23.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $235M | XXX | $235M | XXX | XXX | XXX |
| EV (current) | $200M | XXX | $200M | XXX | XXX | XXX |
| EV/Revenue | 0.8x | XXX | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | 8.4x | XXX | 8.1x | XXX | XXX | XXX |
| EV/EBIT | 9.4x | XXX | 9.5x | XXX | XXX | XXX |
| EV/Gross Profit | 1.2x | XXX | 1.3x | XXX | XXX | XXX |
| P/E | 23.9x | XXX | 26.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 8.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified AudioCodes Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


AudioCodes Margins & Growth Rates
AudioCodes' revenue in the last 12 month grew by 2%.
AudioCodes' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
AudioCodes' rule of 40 is 11% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
AudioCodes' rule of X is 14% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
AudioCodes Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Growth | (10%) | XXX | (14%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 11% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 14% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 31% | XXX | 31% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 6% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 21% | XXX | 21% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 59% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
AudioCodes Public Comps
See public comps and valuation multiples for other Telecom Infrastructure and Networking Hardware comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| AudioCodes | XXX | XXX | XXX | XXX | XXX | XXX |
| Vecima Networks | XXX | XXX | XXX | XXX | XXX | XXX |
| Ceragon Networks | XXX | XXX | XXX | XXX | XXX | XXX |
| Lantronix | XXX | XXX | XXX | XXX | XXX | XXX |
| Netronix | XXX | XXX | XXX | XXX | XXX | XXX |
| Methode Electronics | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
AudioCodes M&A Activity
AudioCodes acquired XXX companies to date.
Last acquisition by AudioCodes was on XXXXXXXX, XXXXX. AudioCodes acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by AudioCodes
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAudioCodes Investment Activity
AudioCodes invested in XXX companies to date.
AudioCodes made its latest investment on XXXXXXXX, XXXXX. AudioCodes invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by AudioCodes
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout AudioCodes
| When was AudioCodes founded? | AudioCodes was founded in 1992. |
| Where is AudioCodes headquartered? | AudioCodes is headquartered in Israel. |
| How many employees does AudioCodes have? | As of today, AudioCodes has over 946 employees. |
| Who is the CEO of AudioCodes? | AudioCodes' CEO is Shabtai Adlersberg. |
| Is AudioCodes publicly listed? | Yes, AudioCodes is a public company listed on Nasdaq. |
| What is the stock symbol of AudioCodes? | AudioCodes trades under AUDC ticker. |
| When did AudioCodes go public? | AudioCodes went public in 1999. |
| Who are competitors of AudioCodes? | AudioCodes main competitors are Vecima Networks, Ceragon Networks, Lantronix, Netronix. |
| What is the current market cap of AudioCodes? | AudioCodes' current market cap is $235M. |
| What is the current revenue of AudioCodes? | AudioCodes' last 12 months revenue is $247M. |
| What is the current revenue growth of AudioCodes? | AudioCodes revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of AudioCodes? | Current revenue multiple of AudioCodes is 0.8x. |
| Is AudioCodes profitable? | Yes, AudioCodes is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of AudioCodes? | AudioCodes' last 12 months EBITDA is $24M. |
| What is AudioCodes' EBITDA margin? | AudioCodes' last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of AudioCodes? | Current EBITDA multiple of AudioCodes is 8.4x. |
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