JFROG LTD (FROG) Stock Fundamental Analysis

NASDAQ:FROG • IL0011684185

38.76 USD
+1.57 (+4.22%)
At close: Feb 25, 2026
38.716 USD
-0.04 (-0.11%)
After Hours: 2/25/2026, 4:16:58 PM
Fundamental Rating

5

FROG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 274 industry peers in the Software industry. While FROG has a great health rating, there are worries on its profitability. FROG is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • FROG had positive earnings in the past year.
  • In the past year FROG had a positive cash flow from operations.
  • FROG had negative earnings in each of the past 5 years.
  • FROG had a positive operating cash flow in each of the past 5 years.
FROG Yearly Net Income VS EBIT VS OCF VS FCFFROG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M

1.2 Ratios

  • With a Return On Assets value of -5.35%, FROG perfoms like the industry average, outperforming 41.97% of the companies in the same industry.
  • The Return On Equity of FROG (-8.09%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA -5.35%
ROE -8.09%
ROIC N/A
ROA(3y)-5.93%
ROA(5y)-7.13%
ROE(3y)-8.69%
ROE(5y)-10.11%
ROIC(3y)N/A
ROIC(5y)N/A
FROG Yearly ROA, ROE, ROICFROG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2025 -5 -10 -15

1.3 Margins

  • Looking at the Gross Margin, with a value of 76.79%, FROG is in the better half of the industry, outperforming 70.44% of the companies in the same industry.
  • In the last couple of years the Gross Margin of FROG has remained more or less at the same level.
  • The Profit Margin and Operating Margin are not available for FROG so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 76.79%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.43%
GM growth 5Y-1.1%
FROG Yearly Profit, Operating, Gross MarginsFROG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60 80

8

2. Health

2.1 Basic Checks

  • FROG does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for FROG has been increased compared to 1 year ago.
  • Compared to 5 years ago, FROG has more shares outstanding
  • FROG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
FROG Yearly Shares OutstandingFROG Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
FROG Yearly Total Debt VS Total AssetsFROG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.2 Solvency

  • An Altman-Z score of 5.97 indicates that FROG is not in any danger for bankruptcy at the moment.
  • FROG's Altman-Z score of 5.97 is amongst the best of the industry. FROG outperforms 82.12% of its industry peers.
  • FROG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 5.97
ROIC/WACCN/A
WACC10.93%
FROG Yearly LT Debt VS Equity VS FCFFROG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.3 Liquidity

  • FROG has a Current Ratio of 2.14. This indicates that FROG is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of FROG (2.14) is better than 60.95% of its industry peers.
  • FROG has a Quick Ratio of 2.14. This indicates that FROG is financially healthy and has no problem in meeting its short term obligations.
  • With a decent Quick ratio value of 2.14, FROG is doing good in the industry, outperforming 61.31% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.14
Quick Ratio 2.14
FROG Yearly Current Assets VS Current LiabilitesFROG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 26.15% over the past year.
  • The Earnings Per Share has been growing by 173.69% on average over the past years. This is a very strong growth
  • FROG shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.12%.
  • FROG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.67% yearly.
EPS 1Y (TTM)26.15%
EPS 3Y173.69%
EPS 5YN/A
EPS Q2Q%15.79%
Revenue 1Y (TTM)24.12%
Revenue growth 3Y23.84%
Revenue growth 5Y28.67%
Sales Q2Q%25.18%

3.2 Future

  • Based on estimates for the next years, FROG will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.75% on average per year.
  • FROG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.99% yearly.
EPS Next Y9.93%
EPS Next 2Y17.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year18.97%
Revenue Next 2Y17.83%
Revenue Next 3Y18.58%
Revenue Next 5Y11.99%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
FROG Yearly Revenue VS EstimatesFROG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 200M 400M 600M 800M 1B
FROG Yearly EPS VS EstimatesFROG Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 0.2 0.4 0.6 0.8 1

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 47.27, FROG can be considered very expensive at the moment.
  • FROG's Price/Earnings is on the same level as the industry average.
  • FROG is valuated expensively when we compare the Price/Earnings ratio to 26.98, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 43.00, the valuation of FROG can be described as expensive.
  • The rest of the industry has a similar Price/Forward Earnings ratio as FROG.
  • The average S&P500 Price/Forward Earnings ratio is at 28.01. FROG is valued rather expensively when compared to this.
Industry RankSector Rank
PE 47.27
Fwd PE 43
FROG Price Earnings VS Forward Price EarningsFROG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FROG indicates a somewhat cheap valuation: FROG is cheaper than 60.95% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 32.23
EV/EBITDA N/A
FROG Per share dataFROG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • A more expensive valuation may be justified as FROG's earnings are expected to grow with 17.75% in the coming years.
PEG (NY)4.76
PEG (5Y)N/A
EPS Next 2Y17.75%
EPS Next 3YN/A

0

5. Dividend

5.1 Amount

  • No dividends for FROG!.
Industry RankSector Rank
Dividend Yield 0%

JFROG LTD

NASDAQ:FROG (2/25/2026, 4:16:58 PM)

After market: 38.716 -0.04 (-0.11%)

38.76

+1.57 (+4.22%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-12
Earnings (Next)05-06
Inst Owners76.8%
Inst Owner Change7.92%
Ins Owners11.94%
Ins Owner Change-5.11%
Market Cap4.59B
Revenue(TTM)531.84M
Net Income(TTM)-71.82M
Analysts83.57
Price Target73.98 (90.87%)
Short Float %3.29%
Short Ratio1.42
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)23.01%
Min EPS beat(2)14.12%
Max EPS beat(2)31.89%
EPS beat(4)4
Avg EPS beat(4)18.44%
Min EPS beat(4)8.08%
Max EPS beat(4)31.89%
EPS beat(8)8
Avg EPS beat(8)19.73%
EPS beat(12)12
Avg EPS beat(12)40.09%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)3.9%
Min Revenue beat(2)3.16%
Max Revenue beat(2)4.64%
Revenue beat(4)4
Avg Revenue beat(4)2.89%
Min Revenue beat(4)1.57%
Max Revenue beat(4)4.64%
Revenue beat(8)5
Avg Revenue beat(8)1.21%
Revenue beat(12)6
Avg Revenue beat(12)0.89%
Revenue beat(16)8
Avg Revenue beat(16)0.68%
PT rev (1m)0%
PT rev (3m)29.51%
EPS NQ rev (1m)5.69%
EPS NQ rev (3m)11.12%
EPS NY rev (1m)0.45%
EPS NY rev (3m)8.32%
Revenue NQ rev (1m)2.42%
Revenue NQ rev (3m)5.02%
Revenue NY rev (1m)2.05%
Revenue NY rev (3m)5.74%
Valuation
Industry RankSector Rank
PE 47.27
Fwd PE 43
P/S 8.62
P/FCF 32.23
P/OCF 31.47
P/B 5.17
P/tB 9.63
EV/EBITDA N/A
EPS(TTM)0.82
EY2.12%
EPS(NY)0.9
Fwd EY2.33%
FCF(TTM)1.2
FCFY3.1%
OCF(TTM)1.23
OCFY3.18%
SpS4.5
BVpS7.5
TBVpS4.02
PEG (NY)4.76
PEG (5Y)N/A
Graham Number11.76
Profitability
Industry RankSector Rank
ROA -5.35%
ROE -8.09%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 76.79%
FCFM 26.75%
ROA(3y)-5.93%
ROA(5y)-7.13%
ROE(3y)-8.69%
ROE(5y)-10.11%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.43%
GM growth 5Y-1.1%
F-Score6
Asset Turnover0.4
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA N/A
Cap/Depr 14.12%
Cap/Sales 0.65%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.14
Quick Ratio 2.14
Altman-Z 5.97
F-Score6
WACC10.93%
ROIC/WACCN/A
Cap/Depr(3y)13.91%
Cap/Depr(5y)25.7%
Cap/Sales(3y)0.65%
Cap/Sales(5y)1.19%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)26.15%
EPS 3Y173.69%
EPS 5YN/A
EPS Q2Q%15.79%
EPS Next Y9.93%
EPS Next 2Y17.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)24.12%
Revenue growth 3Y23.84%
Revenue growth 5Y28.67%
Sales Q2Q%25.18%
Revenue Next Year18.97%
Revenue Next 2Y17.83%
Revenue Next 3Y18.58%
Revenue Next 5Y11.99%
EBIT growth 1Y-0.21%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year37.89%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y32%
FCF growth 3Y103.83%
FCF growth 5Y40.55%
OCF growth 1Y31.38%
OCF growth 3Y89.46%
OCF growth 5Y37.68%

JFROG LTD / FROG FAQ

Can you provide the ChartMill fundamental rating for JFROG LTD?

ChartMill assigns a fundamental rating of 5 / 10 to FROG.


What is the valuation status for FROG stock?

ChartMill assigns a valuation rating of 2 / 10 to JFROG LTD (FROG). This can be considered as Overvalued.


How profitable is JFROG LTD (FROG) stock?

JFROG LTD (FROG) has a profitability rating of 3 / 10.


Can you provide the financial health for FROG stock?

The financial health rating of JFROG LTD (FROG) is 8 / 10.


Can you provide the expected EPS growth for FROG stock?

The Earnings per Share (EPS) of JFROG LTD (FROG) is expected to grow by 9.93% in the next year.