Logitech International S.A. (LOGI) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: Logitech International S.A.

Market cap $13B · 52 weeks $86 – $127 (25 % below the high) · P/E 17.0× · 2027 est. P/E 16.5× · Dividend 1.8 % · ≥ 11 years rising · Next earnings January 26, 2027 · expected EPS $1.53 · Closing price, Nov 2 · accounts published Oct 27.

• Valuation: TTM P/E 17.0× (cheap).
• Business: ROIC 30 % (solid).
• Balance sheet: Net cash/EBITDA 1.8× (solid).
• Earnings: 8 of 8 (on track).

What would it be worth at its usual multiples?

At the decade median (27.3×) $152 (+60 %); at its sector median (31.5×) $175 (+85 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

What matters in technology: 6 of 7 pass

• 3y revenue growth 5.8 %, fails.
• Gross margin 43.1 %, passes.
• FCF / Revenue 20.1 %, passes, near the threshold.
• ROIC 29.6 %, passes.
• SBC / Revenue 2.3 %, passes.
• Net debt / EBITDA −1.8×, passes.
• EV/EBITDA vs own 5y 12.5×, passes.

Against its peers (reference peers) — Logitech International S.A.: P/E 17.0×; EV/EBITDA 12.5×; ROIC 29.6 %; $13.4B. HP Inc. (P/E 10.8×; EV/EBITDA 7.7×; ROIC 21.8 %; $25.6B), Best Buy Co., Inc. (P/E 16.0×; EV/EBITDA 8.5×; ROIC 17.2 %; $20.2B), Apple Inc. (P/E 37.7×; EV/EBITDA 29.1×; ROIC 55.5 %; $4.9T).

Expensive or cheap against its last ten years?

P/E at each close: today 17.0× · median 27.3× · minimum 11.4× · maximum 50.4× · cheap below 23.6× · expensive above 34.9×. It has been cheaper than today only 11% of the time over its last ten years.

Dividend

solid · Yield (last 12 months) 1.8 % · $1.59 per ADS in 2026 · Years raising it ≥ 11 · 5-year growth +13 % a year · Free cash flow coverage 4.6× (last three fiscal years) · With $1,000 invested today you'd collect $17.60 a year ($1.47 a month).