JFrog FROG
United StatesTechnology · Software - ApplicationUSD
112.00 USD (+14.1%)
22 analysts
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JFrog Ltd. is a software company that offers an artifact management and continuous software delivery (DevOps) platform, enabling developers to efficiently publish, update, and distribute applications.
Key points
from its scores- ✓Good share-price trend9.8
- ✓Strong growth9.0
- ✕Little or no dividend0.5
- ✕Demanding valuation1.3
- ✕Fragile balance sheet2.6
AI analysis
bottom line, main risk, context and newsHold in the portfolio only for investors with high risk tolerance and a long horizon; the current valuation offers no margin of safety.
JFrog shows very strong revenue growth (28.70%) and an excellent gross margin (77.86%), but it is not yet profitable (operating margin -7.12%, ROE -4.93%) and its valuation is extremely demanding (forward P/E 85.72, P/S 20.17), leaving little room for error.
The extremely demanding valuation (forward P/E 85.72) leaves little room for any slowdown in growth or earnings disappointment, which could trigger a severe correction in the stock.
Context and risks
No recent relevant news and no material exposure to current macro factors (rates, oil, shipping routes, or tariffs) that directly affect its software business. The rise in long-term rates could pressure its long-duration valuation, but its net cash balance sheet and software business model mitigate this.
Is JFrog stock cheap or expensive?
at the analysis dateOn Price / sales, it trades 282% above the Technology median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| Price / book | 12.6 | 6.3 | +100% |
| Price / sales | 20.2 | 5.3 | +282% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 1.3 out of 10 (median for Technology: 5.3).
Average analyst target: 112.00 USD, +14.1% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 3.3 (sector 6.4), Growth 9.0 (sector 7.5).
Classic formulas with standard assumptions (5.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- Forward P/E
- 85.7
- EV / EBITDA
- −278.4
- Price / book
- 12.6
- Price / sales
- 20.2
- Market cap
- 12.1B USD
- Enterprise value
- 11.3B USD
Profitability
- ROE
- −4.9%
- ROA
- −2.9%
- ROIC (approx.)
- −4.4%
- Gross margin
- 77.9%
- Operating margin
- −7.1%
- Net margin
- −7.3%
- Free cash flow
- 202.8M USD
- FCF yield
- 1.7%
Solvency
- Total debt
- 14.6M USD
- Net debt
- −809.9M USD
- Cash
- 824.5M USD
- EBITDA
- −40.6M USD
- Net debt / EBITDA
- 19.97
- Debt / equity
- 1.52
- Current ratio
- 2.13
- Quick ratio
- 2.02
Growth
- Revenue growth
- +28.7%
- EPS (TTM)
- −0.37 USD
- EPS (forward)
- 1.15 USD
Dividend
- Dividend yield
- 0.0%
Risk and market
- Beta
- 1.24
- Analyst consensus
- none (22)
- Target price
- 112.00 USD
- 52-week range
- 34.05 – 105.76
Recent news
All FROG news →Compare it with its sector
All 283 in Technology →Frequently asked questions about JFrog
Is JFrog stock cheap or expensive?
On Price / sales, it trades 282% above the Technology median. Valuation score: 1.3 out of 10 (median for Technology: 5.3). Average analyst target: 112.00 USD, +14.1% versus the price. This is not investment advice.
What score does JFrog get on MeridIAn Screener?
It scores 4.5 out of 10, rank 1,873 of 2,130 (better than 11% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Dividend (0.5). Analysis of 08/10/2026.
How much is JFrog worth on the stock market?
Its market capitalisation is 12.1B USD and its enterprise value, debt included, is 11.3B USD.
How much debt does JFrog have?
It has more cash than debt: net cash of 809.9M USD.
Does JFrog pay a dividend?
It pays no dividend, or almost none.
How has JFrog stock performed over the last year?
It has risen 113.3% over the last year, excluding dividends. Over the last 52 weeks it has traded between 34.05 and 105.76 USD. Past performance does not guarantee future results.
What do analysts think of JFrog?
22 analysts cover it; their average recommendation is “none” and their average target is 112.00 USD (+14.1% versus the price). It is an estimate, not market data.