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Agilysys, Inc.

Rank #122Op. Leverage

AGYS · Nasdaq · Technology

Agilysys, Inc. (AGYS) — Rank #122 by gross profitability (GP/assets 0.42) · ROE 11.5% · Piotroski F-Score 8 / 9.

As-of 2026-09-15 · CIK 0000078749 · all metrics point-in-time as of the filing date.

About

Agilysys, Inc. operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India.

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The company offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services. Its hospitality software solutions comprise hospitality experience cloud offers solution ecosystems that combine core operational systems for property management, point-of-sale (POS), and inventory and procurement; and Hospitality Solution Studios. The company also provides food and beverage ecosystem solutions, such as the InfoGenesis POS, IG Kiosk, a self-service, customer-facing kiosk point of sale solution; and IG KDS, a digital kitchen management solution. Its food and beverage experience enhancer solutions include IG OnDemand; IG Fly; IG Quick Pay payment solution; IG Smart Menu; IG Digital Menu Board; IG PanOptic; Pay; eCash; gift card solution; and Analyze. In addition, the company offers hospitality and leisure ecosystem solutions comprising LMS, an on-premises or hosted, web, and mobile-enabled PMS solution; Versa; and Stay, a cloud-native SaaS property management system. Its hospitality and leisure and experience enhancer solutions consist of Book, Express Kiosk and Express Mobile for check-in and check-out; Spa software; Golf; Sales and Catering; Service; Authorize; DataMagine; Reserve solution; Digital Marketing solution; Retail POS solution; Central Reservations; Loyalty and Promotions; Membership; Residence Management; and Guest App. Further, the company provides inventory and procurement ecosystem solutions, including the Eatec solution and Stratton Warren System. The company was formerly known as Pioneer-Standard Electronics, Inc. and changed its name to Agilysys, Inc. in 2003. Agilysys, Inc.

was founded in 1932 and is headquartered in Alpharetta, Georgia.

Industry
Software - Application
Sector
Technology
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
March 31

Price History

AGYS+87.2% · +13.4% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

$3.01B

P/E (annual)

77.9

P/S (annual)

9.4

P/B

8.9

P/OCF (annual)

43.0

Shareholder Yield

-0.5%

Employees

2,413

Industry

Software - Application

Exchange

Nasdaq

Signal Flags

2 green
Operating leverage expandingOperating income growing faster than revenue
Deferred revenue growingRevenue and deferred revenue both growing — retention signal

Quality Profile

Profitability

1/1 pass
GP / assets
0.42
Return on equity
11.5%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.40
Current ratio
1.74×
Net cash
$123.71M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
6.8%

Growth

2/2 pass
Revenue growth
15.9%
Piotroski F-Score
8 / 9
Share dilution
0.5%

Terry Smith quality gate

Passes 3/5 Terry Smith thresholds

What Growth Is Priced In

Implied revenue growth (10Y)

18.6%

fairly valued

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 0.5% — per-share value needs a total required return of 19.1% once share-count change is priced in.

vs. own 6-year median revenue growth: 17.3%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

13.7%

r = 10% (base)

18.6%

r = 12%

22.9%

Net debt / market cap: -4.1%

Base FCF: $68.1M3Y mean FCF: $53.5M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

58.0xCheap
32.9xmed 123.9x215.3x

P / S

Price / revenue per share

7.1xFair
0.0xmed 5.1x11.8x

P / B

Price / book value per share

6.9xFair
0.0xmed 6.1x16.4x

P / GP

Price / gross profit per share

11.3xFair
0.0xmed 8.9x19.4x

P / FCF

Price / free cash flow per share

33.1xCheap
0.0xmed 54.9x710.9x

Operating margin expansion and free cash flow are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.42

Primary signal (Novy-Marx).

3rd of 8 SIC 7373 peers

Return on equity

11.5%

Gross margin

62.6%

3rd of 7 SIC 7373 peers

Revenue growth (YoY)

15.9%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2023202420252026
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

17.3%

Revenue CAGR (5Y)

18.4%

Earnings CAGR (3Y)

38.6%

FCF CAGR (3Y)

35.8%

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.40

2nd of 8 SIC 7373 peers (best = lowest)

Current ratio

1.74×

4th of 8 SIC 7373 peers

Quick ratio

1.53×

Net cash

$123.71M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$68.15M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

0.76

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

6.8%

Stock-based comp intensity.

Piotroski F-Score

F-Score

8 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20212026
Decline
Op. Leverage
Hypergrowth
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