Cognyte Software Ltd.

CGNT
Price: $8.24Market Cap: $608.5M

Investment snapshot

6%positive consensus
Scored 1d ago

Positive

1

BUY / PASS

Neutral / negative

3 / 12

NEUTRAL / FAIL

Median fair value

$0.77

-90.7% vs price

Models with upside

1 / 17

Positive margin of safety

Strongest signal

8 of 12 pass — Graham, Lynch, Dreman +1 more object

Key risk

No clean pass — all 16 investors flag at least one profitability criterion

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILNot rankedNEUTRALFAILFAILFAILFAILFAILNEUTRALPASSFAILFAILFAILFAILNEUTRAL
Score
AnalysisChecking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…
Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/A-5393.3%N/A-970.1%N/AN/A-76.1%-10200.0%N/AN/A+29.2%N/AN/AN/AN/AN/AN/A
Financial Basis

Annual history · FY 2025

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Annual history · FY 2025 · Market data at 2026-11-01

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Annual history · FY 2025 · Market data at 2026-11-01

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-11-01

Latest source filing: 2026-03-25

Score computed: 2026-11-14

Where It Passes

  • Debt & Leverage67% pass✓ 11✗ 4▾

    8 of 12 pass — Graham, Lynch, Dreman +1 more object

    LT Debt vs Net Current Assets
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: 0.01, IC: No interest expense
    ✓BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity0.01
    ✓Lynch< 0.33
    Cash - Long-term Debt
    ✗LynchPositive preferred
    LT Debt / Total Assets Change0.00% -> 0.00%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities1.33
    ✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity0.01
    ✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
    Debt Levels0.01
    ✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=N/A (no interest expense), D/EBITDA=0.1x
    ✓MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity0.01
    ✓Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)-0.0071; #556/4210 (top 13.2%)
    ✓AsnessTop 30% of eligible cross-section

Where It Falls Short

  • Profitability0% pass✓ 5✗ 30▾

    No clean pass — all 16 investors flag at least one profitability criterion

    Positive EPS (10 years)3/9 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)-160.6%
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)3/9 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)-15.7%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)3.3% (latest)
    ✗BuffettStable or rising over 10 years
    Free Cash Flow Proxy$0.9M
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)N/A (negative mean EPS)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROE-0.3%
    ✗Lynch> 15%
    EBIT / Enterprise Value2.7%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=2.7%, ROC=N/A (invested capital <= 0)
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets-0.12%
    ✗PiotroskiROA > 0
    ROA Change YoY-2.42% -> -0.12% (delta: +2.30%)
    ✓PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=7.74%, ROA=-0.12%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY70.4% -> 72.4%
    ✓PiotroskiImproved YoY
    Pre-Tax Income / Revenue2.8%
    ✗Dreman>= 8%
    Net Income / Shareholders' Equity-0.3%
    ✗Dreman> 12%
    Margin of SafetyP/B=2.9x
    ✗PabraiP/B < 1.5 or P/E < 15
    Return on Equity-4.8% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency3/8 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue3.3%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity-0.3%
    ✗Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend-5.8% (2023) -> 3.3% (2025)
    ✓TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 68.7% -> 72.4%, operating margin -5.8% -> 3.3%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization-0.10%; #3225/6340 (top 50.9%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+55.60%; #546/3702 (top 14.7%)
    ✓AsnessTop 30% of eligible cross-section
    Net income / positive book equity-0.31%; #2942/5226 (top 56.3%)
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.0955; #3417/5884 (top 58.1%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years3/8 years positive
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Valuation8% pass✓ 2✗ 26▾

    12 of 13 flag CGNT's valuation — Graham, Lynch, Greenblatt +9 more

    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio2.9x
    ✗Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value2.7%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=2.7%, ROC=N/A (invested capital <= 0)
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS
    ✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)14.9x
    ✗Dreman< 8x
    Price / Book Value per Share2.9x
    ✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Valuation ReasonablenessOE Yield=0.2%
    ✗MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldFCF Yield=4.9%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/B=2.9x
    ✗MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Price / FCF per Share20.1x
    ✓Ackman<= 25
    Price vs. Trailing Low116% of trailing low ($7.09)
    ✓Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization-0.10%; #3225/6340 (top 50.9%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization+0.3394; #3510/6449 (top 54.4%)
    ✗AsnessTop 30% of eligible cross-section
    Price / Diluted EPS
    ✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per Share7.97x
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change-27.8%
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+0.6574; #2277/5247 (top 43.4%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization+4.92%; #1596/4519 (top 35.3%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date+1.60%; #2502/6202 (top 40.3%)
    ✗OshaughnessyTop 10% of eligible cross-section
  • Verdicts8% pass✓ 1✗ 12▾

    Split decision: 12 FAIL · 3 NEUTRAL · 1 PASS

    Overall verdict
    ✗GrahamFAIL (1/9)✗BuffettFAIL (1/9)✗LynchFAIL (2/7)•GreenblattNot ranked•PiotroskiNEUTRAL (F-Score 7)✗DremanFAIL (2/11)✗MungerFAIL (1/4)✗PabraiFAIL (0/3)✗AkreFAIL (2/6)✗MarksFAIL (2/5)•AckmanNEUTRAL (6/9)✓TempletonPASS (4/8)✗SleepFAIL (2/6)✗AsnessFAIL (Rank #811/2370 (Top 34.2%))✗NeffFAIL (1/6)✗SchlossFAIL (1/7)•OshaughnessyNEUTRAL (Not ranked)
  • Growth13% pass✓ 4✗ 9▾

    7 of 8 flag CGNT's growth — Graham, Lynch, Dreman +4 more

    EPS Growth (3-yr avg, 10-yr window)-160.6%
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthInv: -13.6% vs Rev: 14.1%
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction$0.13 (2018) -> $-0.01 (2025)
    ✗DremanPositive over recent years
    EPS CAGR30.1% CAGR over 2 years
    ✓Dreman> 5% annualized
    Positive Net Income Frequency3/8 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth11.9%
    ✓Ackman>= 5%
    Positive EPS Growth Frequency3/5 years with positive EPS growth
    ✓AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 68.7% -> 72.4%, operating margin -5.8% -> 3.3%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR-2.0%
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
  • Efficiency13% pass✓ 2✗ 9▾

    7 of 8 flag CGNT's efficiency — Graham, Buffett, Greenblatt +4 more

    Current Ratio1.33
    ✗Graham>= 2.0
    ROIC (3-5 yr avg)-10.4%
    ✗Buffett> 10%
    ROIC - WACC-20.4%
    ✗BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)N/A (invested capital <= 0)
    ✗Greenblatt> 25%
    Current Ratio Change YoY1.30 -> 1.33
    ✓PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY0.70x -> 0.77x
    ✓PiotroskiImproved YoY
    Current Assets / Current Liabilities1.33
    ✗Dreman> 1.5
    Return on Invested Capital5.0%
    ✗Munger> 15%
    ROIC (high and growing)FY2023: ROIC=-7.2%; FY2024: ROIC=-2.0%; FY2025: ROIC=5.0%
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROICN/A (non-positive net income)
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)0/5 years above 12% (latest 5.0%)
    ✗SleepROIC > 12% in a majority of years
  • Valuation models20% pass✓ 1✗ 4▾

    Models split on CGNT at $8.24 — fair values range $0.08–$11.64

    Buffett fair value$0.15
    ✗Buffett-5393.3% margin vs $8.24
    Greenblatt fair value$0.77
    ✗Greenblatt-970.1% margin vs $8.24
    Munger fair value$4.68
    ✗Munger-76.1% margin vs $8.24
    Pabrai fair value$0.08
    ✗Pabrai-10200.0% margin vs $8.24
    Ackman fair value$11.64
    ✓Ackman+29.2% margin vs $8.24
  • Cash Flow50% pass✓ 7✗ 5▾

    5 of 10 pass — Buffett, Lynch, Dreman +2 more object

    Free Cash Flow Proxy$0.9M
    ✗BuffettPositive and growing
    FCF Positive and Growing$29.9M
    ✗LynchPositive and growing
    Operating Cash Flow$40.3M
    ✓PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=7.74%, ROA=-0.12%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)14.9x
    ✗Dreman< 8x
    P/E or FCF YieldFCF Yield=4.9%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive6/8 years FCF positive
    ✓MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap5.0%
    ✓Ackman>= 4%
    Price / FCF per Share20.1x
    ✓Ackman<= 25
    Positive Operating Cash Flow frequency7/8 years positive
    ✓SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$29.9M
    ✓Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization+4.92%; #1596/4519 (top 35.3%)
    ✗OshaughnessyTop 10% of eligible cross-section

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Business Services
Size: Small Cap($608.5M)
Revenue: $400.0M+14.1% YoY
Net Income: $-638000.00+94.7% YoY

Financial Snapshot

Operating Margin3.3%
Return on Equity-0.3%
Debt / Equity0.01
Current Ratio1.33
EPS (Diluted)$-0.01
Buybacks (1y)$21.4M
Buybacks (2y)$26.7M
Shares Retired−1.8% / −2.9% 2y

Similar Companies

ADPAUTOMATIC DATA PROCESSING INC
$122.3B
EAELECTRONIC ARTS INC.
$52.9B
RBRKRubrik, Inc.
$22.6B
ACMAECOM
$9.1B

Shareholder Return

Fiscal 2025

Issued 1.8% of shares last year, 2.9% issued over two.

Buybacks
$21.4M
Dividends
—

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

MetricFY 2025
Sources
  • 20-F · 2026-03-25
FY 2024
Sources
  • 20-F · 2025-04-02
FY 2023
Sources
  • 20-F · 2024-04-09
FY 2022
Sources
  • 20-F · 2023-04-11
FY 2021
Sources
  • 20-F · 2022-04-05
Market Cap$608.5Mcurrent$668.1Mest.$502.7Mest.$260.9Mest.$729.3Mest.
Revenue$400.0M↑14%$350.6M↑12%$313.4M$312.1M↓34%$474.0M
Operating Income$13.3M↑359%-$5.1M↑72%-$18.1M↑83%-$103.3M↓1043%$11.0M
Net Income-$638.0K↑95%-$12.1M↑23%-$15.6M↑86%-$114.1M↓667%-$14.9M
EPS (Diluted)$-0.01↑94%$-0.17↑23%$-0.22↑87%$-1.68↓664%$-0.22
Gross Margin72.4%↑3%70.4%↑2%68.7%↑12%61.6%↓15%72.1%
Operating Margin3.3%↑327%-1.5%↑75%-5.8%↑83%-33.1%↓1532%2.3%
ROE-0.3%↑95%-6.1%↑23%-7.9%↑87%-58.8%↓1026%-5.2%
Total Debt$1.5M↑65%$890.0K$0$0↓100%$100.0M
Shareholders' Equity$206.5M↑4%$198.2M$197.9M↑2%$194.1M↓32%$285.1M
Current Ratio1.33↑2%1.30↓6%1.39↑7%1.30↓1%1.31
Debt / Equity0.01↑58%0.000.000.00↓100%0.35
Operating Cash Flow$40.3M↓14%$46.8M↑35%$34.6M↑193%-$37.0M↓1506%$2.6M
Free Cash Flow$29.9M↓17%$36.2M↑31%$27.5M↑161%-$45.3M↓396%-$9.1M

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Business Services

CGNT vs Peers — Financial Grading

Revenue$400.0MBottom 25%
Net Income$-638000.00Median
ROE-0.3%Bottom 25%
D/E0.01Top 25%
Op. Margin3.3%Median
Curr. Ratio1.33Median
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
AUTOMATIC DATA PROCESSING INCADP$122.3B$309.93$21.9B$4.4B73.2%0.8224.2%1.054/95/93/70/3F-Score 65/11
ELECTRONIC ARTS INC.EA$52.9B$209.70$7.5B$887.0M13.1%0.2215.4%1.051/94/94/70/3F-Score 66/11
Rubrik, Inc.RBRK$22.6B$109.88$1.3B$348.8M67.1%—-26.2%1.691/90/92/70/3F-Score 62/11
AECOMACM$9.1B$70.50$16.1B$561.8M22.5%1.096.4%1.141/93/93/71/3F-Score 82/11
COMMVAULT SYSTEMS INCCVLT$6.2B$152.07$1.2B$70.7M942.8%—6.3%1.951/92/94/70/3F-Score 66/11
WPP plcWPP$6.0B$27.79$18.2B$289.5M-8.5%1.942.8%0.891/92/91/70/3F-Score 32/11
VARONIS SYSTEMS INCVRNS$5.6B$48.94$623.5M$129.3M-21.6%0.76-23.5%1.971/90/91/70/3F-Score 51/11
ROBERT HALF INC.RHI$4.3B$42.00$5.4B$133.0M10.4%—1.4%1.532/95/91/70/3F-Score 52/11