OneSpan Inc (OSPN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of OneSpan Inc stock $22.65, price $21.59, upside +4.9%, quality 77 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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OneSpan Inc
OSPN · USThe stock costs about what our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $7.30 – $25.66 · fair‑value band $15.56 – $31.99 · the $21.59 price screens below the $22.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Company profile
OneSpan Inc., together with its subsidiaries, provides digital solutions for security, authentication, identity, electronic signature, and digital workflow products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions.
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It operates through Cybersecurity and Digital Agreements segments.
The company offers Cloud Authentication, a cloud-based multifactor authentication solution; Mobile Security Suite, a software development kit that protects mobile transactions; Mobile Application Shielding that protects mobile applications from attacks by malware allowing secure usage of mobile applications even in hostile environments; and authentication servers that securely authenticate users and transactions.
The company also provides Authentication Suite, a solution to protect organizations from cyber threats; Digipass Authenticator; and Digipass S3 Authentication software, an authentication platform designed to enable passwordless and phishing-resistant authentication across web and mobile applications.
It also provides OneSpan Sign, a range of e-signature requirements for occasional agreement; OneSpan Notary, an online notary solution developed for organizations with in-house notaries; OneSpan Sign Identity Verification that enables banks and financial institutions identity verification services; Onespan Sign Authentication, a configurable authentication option to verify senders and signers by adding layers of security to e-signature transactions; and OneSpan Integration Platform, a platform that enables organizations to integrate e-signatures.
It sells its solutions through its direct sales force, distributors, resellers, systems integrators, and original equipment manufacturers. The company was formerly known as VASCO Data Security International, Inc. and changed its name to OneSpan Inc. in August 1997.
OneSpan Inc. was founded in 1991 and is headquartered in Boston, Massachusetts.
Stock analysis
OneSpan Inc (OSPN) currently trades at $21.59, while our model-based Fair Value estimate is $22.65, so the stock looks roughly fairly valued today (gap 4.7%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $47.63 per share, and 11 of the 26 models we run sit above the $21.59 price.
Bear case: the Dividend Discount group reads lowest at $5.34, and 15 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $15.56 (bear) to $31.99 (bull), the price of $21.59 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 77/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
OneSpan Inc reported revenue of $243M in FY2025 versus $214M in FY2021, a compound +3.2%/yr. Reported net income was $72.9M in FY2025.
Key figures
Market cap $797M Small · P/E ratio 12.2 · P/S ratio 3.15 · EPS (TTM) $1.77 · Dividend yield 2.4% · Net margin 27.5% · Return on equity 26.9% · Return on assets (EBIT) 0.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 75 out of 100 (medium confidence).
What moves the price
The share trades about 16% below its 52-week high and 115% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at 5%, OSPN screens cheaper than that median.
Fair Value models
All 26 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, one officer or director sold shares worth $289,000 and none bought.
- SaleJorge Garcia MartellChief Financial Officer3× since Dec 12, 2025: 45,000 shares, avg. $12.75$573,650Jun 16, 2026
- BuyMarc ZennerDirector3,300 shares at $10.54$34,782Mar 4, 2026
Plus 6 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
Watch OSPN, get fair value alerts →
Recent news
- OSPN vs. ADYEY: Which Stock Should Value Investors Buy Now?
- OneSpan (OSPN) Stock Gets Fair Value Boost After Guidance Raises And Analyst Target Hikes
- Onespan expects $254M-$258M 2026 revenue as DigipassONE rollout expands
- OneSpan (OSPN) Q3 Earnings and Revenues Surpass Estimates
Compare OneSpan Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Infrastructure · 345 stocks
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Net margin by industry
- P/B ratio by industry
- Stock screener with 62 metrics
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Fortinet, Inc FTNT | $118.84 | $134.76 | +13% | vs OSPN |
| Microsoft Corporation MSFT | $530.61 | $583.67 | +10% | vs OSPN |
| Oracle Corporation ORCL | $116.10 | $111.97 | −4% | vs OSPN |
| NetApp, Inc NTAP | $169.19 | $156.80 | −7% | vs OSPN |
| Block, Inc XYZ | $85.48 | $76.43 | −11% | vs OSPN |
| Synopsys, Inc SNPS | $450.46 | $288.23 | −36% | vs OSPN |
| Zscaler, Inc ZS | $197.66 | $101.45 | −49% | vs OSPN |
| Palantir Technologies Inc PLTR | $160.38 | $42.20 | −74% | vs OSPN |
| CrowdStrike Holdings CRWD | $216.90 | $37.97 | −82% | vs OSPN |
| Palo Alto Networks, Inc PANW | $313.84 | $39.54 | −87% | vs OSPN |
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Key figures of OneSpan Inc
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