CALXCalix, Inc.

Technology

$37.23-41% 1Y

$37.23

$33.1752 weeks$68.42

Is the price fair?

Watch

A demanding price: priced for +9% a year vs +4% a year delivered and rich vs its sector.

2 to watch, 1 neutral

What the price assumes~+9% a yearderived · Jun 27, 2026

Priced for ~9% a year FCF growth. The price demands more than its three-year revenue growth of 4% a year, priced for acceleration.

Vs its own P/E rangemid-range for this companyderived

In its normal range: P/E 49.6 vs a 72.2 median over 18 quarters (−31% vs median).

Vs sector (EV/EBIT)100.2×derived · Dec 31, 2025

Sector median 30.5× across 203 covered peers. EV/EBIT counts debt as part of the price, so a cash-rich and a borrowed company can be compared on the same footing.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

P/E (valuation)behind 86% of the market

FCF yieldmiddle of the market

Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.

What CALX's price assumes

Calix, Inc. trades at 49.6× earnings against 34.2× for the median Software - Infrastructure name, more expensive than its own group.

49.6

Trailing P/E · Software - Infrastructure median 34.2 · 1.45× the median: the market pays up for this one

Price / sales: 2.25
Price / sales · today's price, fiscal year to Dec 31, 2025
Free cash flow yield: 3.8%
Free cash flow yield · Software - Infrastructure median 5.3%
Growth the price implies: +9.3%
Growth the price implies · The price pays for +9.3% free cash flow growth a year for a decade; the business has delivered +62% a year over the last three.

Details›

Price / booktoday's price, fiscal year to Dec 31, 2025: 2.61
EV / EBITtoday's price, fiscal year to Dec 31, 2025: 100
EV / salestoday's price, fiscal year to Dec 31, 2025: 2.10
Technology median P/E459 names: 37.7
Software - Infrastructure median P/E107 names: 34.2
Free cash flow, trailing twelve months: $85M
Market capitalisation: $2.25B
3-year revenue growth: +3.9%
3-year free cash flow growth: +62%

What the market has paid for these earnings: 18 quarters of its own multiple × $0.75 of trailing earnings per share
Method	Per share
Its own P/E history, lower quartile	$27.59
Its own P/E history, median	$54.16
Its own P/E history, upper quartile	$79.18
52-week range	$33.16 – $68.42
Today	$37.23

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.

Software, Infrastructure

Ranks #36 of 80 by RyuScore

Compare peers

RAMP-0.03%

LiveRamp Holdings, Inc.