Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
OneSpanOSPN +2.17%67 Debt-to-EBITDA is 0.11 as of Mar. 2026, which is 10% above its 10-year median of 0.10. GuruFocus rates OSPN with a GF Score™ of 67/100 and a GF Value™ of $13.84 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,725 Software companies, OneSpan ranks better than 83.59% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for OneSpan's Debt-to-EBITDA or its related term are showing as below:
OSPN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.34 Med: 0.1 Max: 1.84
Current: 0.14
During the past 13 years, the highest Debt-to-EBITDA Ratio of OneSpan was 1.84. The lowest was -1.34. And the median was 0.10.
OSPN's Debt-to-EBITDA is ranked better than 83.59% of 1725
companies
in the Software industry
Industry Median: 1.09
vs OSPN: 0.14
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
OneSpan Debt-to-EBITDA Related Terms
OneSpan Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for OneSpan's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Infrastructure subindustry, OneSpan's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
OneSpan Debt-to-EBITDA vs Software Industry
For the Software industry and Technology sector, OneSpan's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where OneSpan's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
OneSpan (OSPN) has a Debt-to-EBITDA of 0.11 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on OneSpan. This is 10% above median its historical median of 0.10. According to the industry distribution chart, OneSpan ranks #283 out of 1725 companies in the Software industry, placing it in the top 16.4%.
Is OneSpan's Debt-to-EBITDA too high?
OneSpan's current Debt-to-EBITDA of 0.11 is 10% above median its 10-year median of 0.10. The Software industry median Debt-to-EBITDA is 1.09. OneSpan's value of 0.11 is 89.9% below this industry median. Based on the distribution chart, OneSpan ranks #283 out of 1725 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, OneSpan has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OneSpan's Debt-to-EBITDA compare to HQ and PRTH?
According to the Software industry distribution chart, OneSpan ranks #283 out of 1725 companies for Debt-to-EBITDA. This places OneSpan in the top 16% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.09. OneSpan's value of 0.11 is 89.9% below this benchmark. While the company's 10-year median is 0.10 vs. the industry median of 1.09, OneSpan has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Software company?
The median Debt-to-EBITDA among Software companies is 1.09, based on 1,725 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. OneSpan's current Debt-to-EBITDA of 0.11 is 89.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on OneSpan. For the Software industry, the median Debt-to-EBITDA is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OneSpan's current Debt-to-EBITDA is 0.11, which is 10% above median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OneSpan stock overvalued right now?
Based on GuruFocus' analysis, OneSpan (OSPN) is currently considered Modestly Overvalued. The stock's GF Value™ is $13.84, compared to a current price of $16.20 — trading 17.1% above its estimated fair value. The current Debt-to-EBITDA is 0.11, which is 10% above median its 10-year median of 0.10 and 89.9% below the Software industry median of 1.09. OneSpan's overall GF Score™ is 67/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For OneSpan (OSPN), the current Debt-to-EBITDA is 0.11 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is OneSpan (OSPN) Overvalued in 2026?
Based on GuruFocus' analysis, OneSpan stock appears to be overvalued.
The current stock price of $16.20 is trading 17.1% above its estimated GF Value™ of $13.84.
GuruFocus considers OneSpan to be Modestly Overvalued.
Key valuation signals for OSPN:
Debt-to-EBITDA: 0.11 (10% above median its 10-year median of 0.10)
GF Value™: $13.84 vs. price of $16.20 (17.1% above fair value)
Industry Position: 89.9% below the Software median (#283 of 1725)
No single metric tells the full story. See the OSPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OneSpan Inc is a provider of information technology security solutions for banking and financial services and application security markets. The company build secure, seamless, and trusted digital experiences through two solution portfolios: Cybersecurity solutions engaged in protecting identities, securing mobile apps, and safeguarding access through high-assurance authentication, threat intelligence, fraud prevention, and robust mobile app protection, defending users, devices, and applications against sophisticated attacks, while Digital agreement solutions focuses on streamlining workflows with secure e-signatures, identity verification, and smart digital forms, built to enable speed, compliance and other customer experiences.
67GF Score
Get the complete analysis for OSPN
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OSPN has been successfully added to your 
