Ubiquiti (UI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ubiquiti

NYSE•Technology•Communication Equipment

$564.15+27.31(0.05%)After hours

Market Cap

$36.10B

P/E

37.6x

P/S

11.0x

P/B

25.1x

Ubiquiti Inc. engages in the development of networking technology for service providers, enterprises, and consumers in North America, Europe, the Middle East, Africa, Asia Pacific, South America. The company develops technology platforms for high-capacity distributed Internet access and unified information technology. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products. It also provides technology platforms, such as UniFi Cloud Gateway, an Enterprise class internet and security gateway device; UniFi Wi-Fi, an enterprise Wi-Fi system; UniFi Protect, a video surveillance platform; UniFi Switch that deliver performance, switching, and power of ethernet support for enterprise networks; UniFi Access, a door access solution; UniFi Talk, a plug-and-play phone system and VoIP subscription service. In addition, the company offers airMAX, which include proprietary protocols that contain technologies for minimizing signal noise; airFiber, a wireless backhauls point-to-point radio system; UFiber GPON, a plug and play fiber network technology to build high speed fiber internet networks; and Wave, a technology platform. Further, the company provides base stations, radios, backhaul equipment, and customer premise equipment; embedded radio products; and antennas. It serves customers through a network of distributors, online retailers, and direct to customers through webstores. The company was formerly known as Ubiquiti Networks, Inc. and changed its name to Ubiquiti Inc. in August 2019. Ubiquiti Inc. was incorporated in 2003 and is headquartered in New York, New York.

How this company scores

ExcellentMetricSide Score: 84/100

Strongest: Growth (24/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability22/25

Growth24/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality23/25

Strengths

Growing revenueRising free cash flowStrong marginsHigh ROE

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 37.6x5y range 19.9x – 52.3x

Currently near its 20-quarter median.

P/S · 11.0x5y range 3.6x – 14.4x

Currently above its 20-quarter median.

P/B · 25.1x5y range 25.1x – 320.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $36.10B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.27B
Q. Revenue: $937.32M
TTM EBITDA: $1.21B
TTM Op. Income: $1.19B
Q. Op. Income: $340.00M
TTM Net Income: $960.30M
Q. Net Income: $284.90M
EPS: $4.708
Shares Out.: $60.52M

$3.27B in TTM revenue grew 27.2% YoY, reaching $937.32M last quarter. TTM EBITDA of $1.21B and TTM operating income of $1.19B show growth is flowing through to the bottom line. TTM net income of $960.30M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 45.8%
EBITDA Margin: 37.8%
Op. Margin: 36.3%
Net Margin: 30.4%

Op. margin of 36.3% is up 1.8% YoY — cost efficiency is improving. Net margin at 30.4% and gross margin of 45.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 5% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 37.6x
P/S Ratio: 11.0x
P/B Ratio: 25.1x

At 37.6x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 11.0x and P/B of 25.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 7% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.20B
Cash: $522.58M
Long-Term Debt: N/A
Book Value: $1.44B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $298.54M
TTM Free Cash Flow: $908.94M
FCF Margin: 27.8%
FCF / Net Income: 0.9

TTM FCF of $908.94M on $298.54M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.