CCOICogent Communications Holdings, Inc.

$9.55-77% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 29 out of 100, Weak
Today's price. Only valuation depends on it.

Weak. Cogent Communications Holdings, Inc. scores higher than 28% of the 2,291 companies Ryufin scores.

Carried by cycle position, held back by return on capital and return on new capital.

Communication Services median 55 · all companies 54

How the score has moved

At each fiscal year end, from the reports and price of the time
22
19
19
29
202320242025today

The biggest move was up 10 points from 2025 to today, mostly valuation.

Valuation

26% of the score

46median 50

Cogent Communications Holdings, Inc. is valued at 27.1x its operating profit, including debt: a rich multiple.

60x
50x
35x
25x
18x
12x
8x
27.1x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score

0median 23

Over 7 years the business earned -1.4% a year after tax on the capital it uses.

2%
8%
15%
25%
-1.4%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest -3.7%

Return on new capital

16% of the score

0median 33

No operating profit over the period, so nothing was earned to reinvest.

Capital allocation

14% of the score

34median 63

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countUp 0.5% a year over 5 years: new shares
56
5%
-3%
0.5%
0 pointsfull points
Assets against salesAssets grew 25% a year, sales 11%
0
12%
-2%
14%
0 pointsfull points

Cycle position

12% of the score

83median 63

Today's operating margin of 8% is 0.85x its normal 9.4%: below its usual level, with room to recover. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
0.8x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 8%

Balance sheet

8% of the score

0median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDA5.2x a year of EBITDA
0
4.5x
0.5x
5.2x
0 pointsfull points
Interest coverOperating profit covers interest 1x
0
1.5x
12x
0.6x
0 pointsfull points

Earnings quality

6% of the score

44median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was -0.00x profit over 3 years
0
0.7x
1x
1.3x
-0x
0 pointsfull points
AccrualsCash ran ahead of profit by 5.5% of assets
87
8%
0%
-8%
-5.5%
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.