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Alexandria Real Estate

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Real Estate

industry

REIT - Office

Exchange

NYSE

County of HQ

Israel

Next Earnings Date

04/27/26

Business Summary

Amdocs generates cash by providing mission-critical software and services to communications and enterprise customers who rely on its infrastructure platforms to manage billing, customer engagement, and operational systems. Its moat comes from deep integration into client workflows, high switching costs, and long-term customer relationships that create recurring revenue visibility. Infrastructure software is embedded, not optional, which makes revenue stickier than front-end applications. Over time, this embedded positioning allows the company to convert operating margins of 16.40% into durable cash flows while reinvesting at a 13.90% ROIC.

VALUATION

P/E

-

Market Cap ($M USD)

$7,376

Forward P/E

-

PEG

87.1

PRICE TO SALES

2.5

PRICE TO BOOK

0.5

EV / EBITDA

54.3

5-Year Average P/E

DIVIDEND

Yield

9.60%

Annual Payout

$4.08

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-8.00%

Financial Health & Profitability

Earnings Per Share

-$8.44

Next Year EPS Growth Estimate

-$0.15

Next Year Revenue Growth Estimate

-0.10%

Return on Equity (ROE)

-9.30%

Operating Margin

18.90%

Debt-to-Equity

0.8

Piotroski F-Score

5

Altman Z-Score

0.4

Return on Invested Capital (ROIC)

-4.10%%

Current Ratio

0.4

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 12.2x earnings and just 7.8x forward earnings, DOX is priced like a no-growth legacy software vendor despite operating in Software – Infrastructure with a 0.9 forward PEG that implies growth roughly in line with valuation. An Altman Z-Score of 4.2 signals low bankruptcy risk, and a Piotroski F-Score of 6 supports stable operating fundamentals rather than deterioration. The market cap of $6,776M against a Price/Sales of 1.5 and Price/Book of 2 suggests no speculative premium embedded. This is not a distressed asset; it is a profitable company with 16.40% operating margins and 13.90% ROIC trading at a discounted multiple, which strongly suggests the market is pricing in stagnation rather than impairment.

AI Exposure / Tech Reliance

As a Software – Infrastructure company, DOX sits in the layer that enterprises depend on for mission-critical systems, making it structurally tied to digital transformation and AI-driven upgrades. Infrastructure software vendors typically benefit from recurring enterprise demand as customers modernize systems to handle automation and data workloads. In a tech cycle increasingly shaped by AI integration, infrastructure players with established enterprise relationships are better positioned than discretionary software vendors.

The Bull Case

A GARP or deep value investor buys DOX because the numbers scream asymmetric risk/reward. A 13.90% ROIC against a 7.8 forward P/E indicates the company is generating meaningful returns on capital while being valued like a low-quality cyclical. The 16.40% operating margin shows real pricing power and operational discipline, while a Piotroski F-Score of 6 confirms financial stability rather than balance sheet decay. Institutional ownership at 95.50% suggests sophisticated capital already recognizes the durability of the model, and with a Current Ratio of 1.1 and Altman Z-Score of 4.2, solvency risk is muted. Add in a modest TTM Yield of 0.3 and a Dividend 5-Year Avg (%) of 10+, and you have a shareholder-return profile layered on top of a discounted multiple.

The Bear Case

The red flags are not subtle. Return on Equity is just 3.50%, which is weak relative to the 13.90% ROIC and suggests capital structure or profitability inefficiencies. Debt/Equity of 18.00% is manageable but not trivial in a rising-rate environment, especially with a Current Ratio of only 1.1, leaving limited liquidity cushion. Short % of Float at 9.60% signals that a meaningful cohort is betting against the story, and the Forward P/E of 7.8 combined with a PEG Forward of 0.9 could imply the market expects earnings pressure, especially with EPS Next Year (Est.) at $5.20 versus current EPS of 7.9. This disconnect hints at potential earnings compression that could justify the low multiple.

Market Sentiment & Smart Money

Short Interest %

5.10%

Analyst Consensus

2.76

Average Analyst Price Target

$58.57

Institutional Ownership %

98.20%

1-Year Beta

0.86

Insider Buying % (6 Mo)

1.40%%

Distance to 52-Week High

48.30%%

Distance to 52-Week Low

102.80%%