RingCentral Inc
NYSE:RNG

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RingCentral Inc
NYSE:RNG
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Price: 45.08 USD 12.08% Market Closed
Market Cap: $3.8B

P/E

88.7
Current
563%
Cheaper
vs 3-y average of -19.2

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
88.7
=
Market Cap
$3.6B
/
Net Income
$43.4m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
88.7
=
Market Cap
$3.6B
/
Net Income
$43.4m

Valuation Scenarios

RingCentral Inc is trading above its industry average

If P/E returns to its Industry Average (29.6), the stock would be worth $15.05 (67% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-74%
Maximum Upside
No Upside Scenarios
Average Downside
70%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 88.7 $45.08
0%
Industry Average 29.6 $15.05
-67%
Country Average 22.9 $11.62
-74%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
$3.6B
/
Jan 2026
$43.4m
=
88.7
Current
$3.6B
/
Dec 2026
$411.8m
=
8.7
Forward
$3.6B
/
Dec 2027
$457.8m
=
7.9
Forward
$3.6B
/
Dec 2028
$523.6m
=
6.9
Forward
$3.6B
/
Dec 2029
$512.9m
=
7
Forward
$3.6B
/
Dec 2030
$553.3m
=
6.5
Forward
$3.6B
/
Dec 2031
$343.9m
=
10.5
Forward
$3.6B
/
Dec 2032
$343.9m
=
10.5
Forward
$3.6B
/
Dec 2033
$343m
=
10.5
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Peer Comparison

All Countries
Close
Earnings Growth PEG
US
RingCentral Inc
NYSE:RNG
Average P/E: 279.2
88.7
129%
0.7
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
210.8
58%
3.6
DE
SAP SE
XETRA:SAP
23.7
17%
1.4
US
Salesforce Inc
NYSE:CRM
23.1
31%
0.7
US
Applovin Corp
NASDAQ:APP
46.7
38%
1.2
US
Intuit Inc
NASDAQ:INTU
25.5
30%
0.8
US
Adobe Inc
NASDAQ:ADBE
14.1
20%
0.7
US
Synopsys Inc
NASDAQ:SNPS
85
44%
1.9
US
N
NCR Corp
LSE:0K45
2 191
52%
42.1
US
Cadence Design Systems Inc
NASDAQ:CDNS
83.6
39%
2.1

Market Distribution

Higher than 91% of companies in the United States of America
Percentile
91st
Based on 8 489 companies
91st percentile
88.7
Low
0 — 15.3
Typical Range
15.3 — 33.2
High
33.2 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 15.3
Median 22.9
70th Percentile 33.2
Max 1 826 183.3

RingCentral Inc
Glance View

In the bustling world of business communications, RingCentral Inc. stands as a pivotal player, revolutionizing how companies connect in the digital era. Founded in 1999 by Vlad Shmunis, RingCentral began with a vision to simplify business communications through cloud technology. Headquartered in Belmont, California, the company has grown to become a global leader in Unified Communications as a Service (UCaaS), a platform that integrates various communication tools—voice, messaging, video conferencing, and collaboration—into a single, seamless solution. This transition to cloud-based communications allows businesses to operate more efficiently, breaking free from the constraints of traditional on-premise systems. RingCentral’s financial engine is largely driven by its subscription-based revenue model, targeting businesses small and large across a range of sectors. By offering scalable solutions that can be tailored to specific enterprise needs, the company attracts a diverse clientele, from startups to multinational corporations. Furthermore, its strategic partnerships and integrations, such as those with popular tools like Salesforce and Microsoft, deepen its value proposition by enabling users to connect their communication systems with existing workflows. The continuous innovation in its offerings and the shift towards remote work and hybrid models have amplified its relevance, allowing RingCentral to capitalize on the increasing demand for flexible and reliable communication solutions.

RNG Intrinsic Value
72.8 USD
Undervaluation 38%
Intrinsic Value
Price $45.08
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