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Amdocs Limited (DOX) Fair Value & Analysis

Technology · US · Market cap $5.6B

AL Amdocs Limited logo Amdocs Limited DOX · US
Price$58.55
Fair Value$101.82
Upside+73.9%
Quality75/100
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Weak Growth
Solidly profitable · 11.8% net margin
Low debt · generates free cash flow
4.31% dividend yield
Ranks above peers (12/15)
Moderate moat 62/100
Evidence: High Range $66.91 – $132.98 Share as image

Fair value as of: Jul 17, 2026

From 25 valuation models · updated 23 days ago

Share price +14.0% over the past month.

A strong business, screening 74% undervalued on our models.

What matters now

  • The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case ($66.91). The market is more pessimistic than our downside scenario.
  • A fairly wide model range ($66.91 to $132.98) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$91.51 $49.32 Fair Value $101.82 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range $49.32 – $91.51 · fair‑value band $66.91 – $132.98 · the $58.55 price screens below the $101.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Amdocs Limited (DOX) currently trades at $58.55, while our model-based Fair Value estimate is $101.82, implying the stock looks roughly 73.9% undervalued today. The Quality Score stands at 75/100 (high quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Amdocs Limited generated revenue of $4.6B at a net margin of 11.8%. Revenue grew 3.9% year over year. It earns a return on equity of 15.9%. Net debt stands at $501M. Fundamentals as of Jul 17, 2026

Our scenario range runs from $66.91 (bear case) to $132.98 (bull case); at $58.55, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 37% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at 74%, DOX screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $60.38 $84.42 $115.93 80
Residual Income $33.75 $43.58 $113.23 76
Rev-Margin DCF $61.55 $96.58 $134.27 74
All 25 models by family
DCF Models
FCF DCF $58.85 $84.98 $120.83 38
Owner Earnings $59.91 $86.48 $122.95 31
5Y Revenue Exit $61.55 $96.01 $138.55 39
5Y EBITDA Exit $71.36 $113.51 $160.70 41
5Y P/E Exit $63.83 $100.08 $136.23 38
10Y Revenue Exit $57.97 $88.10 $125.57 36
10Y EBITDA Exit $65.92 $99.69 $141.40 37
10Y P/E Exit $61.31 $90.79 $123.92 35
Earnings-Based
Graham-Dodd $36.17 $86.75 $111.95 54
PEG = 1.0 $15.23 $21.76 $28.28 46
EPV $56.73 $66.16 $74.31 59
Dividend Discount
Gordon GGM $18.56 $31.84 $47.53 70
DDM Multi-Stage $18.56 $27.23 $36.37 61
Multiples
P/E Multiple $79.79 $106.38 $132.98 63
P/S Multiple $67.82 $90.43 $113.03 58
P/B Multiple $67.82 $90.43 $113.03 55
EV/EBIT $101.67 $136.57 $171.47 53
EV/EBITDA $90.53 $121.72 $152.91 54
EV/Revenue $67.54 $97.79 $128.04 43
Asset-Based
NCAV (Graham) $16.15 $21.64 $32.30 50
Growth DCF
Growth DCF $60.38 $84.42 $115.93 80
Rev-Margin DCF $61.55 $96.58 $134.27 74
Economic Profit
Residual Income $33.75 $43.58 $113.23 76
ROIC Compounder $59.16 $72.73 $87.39 72
Growth Earnings
Growth-Adj P/E $60.96 $87.09 $113.21 68

Widest divergence: Multiples ($97.79) versus Asset-Based ($21.64). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $4.6B
Revenue growth (YoY) +3.9%
Net margin 11.8%
Return on equity 15.9%
Free cash flow $645M FY2025
P/E ratio 12.1
More key figures
Operating margin 16.5%
EPS (TTM) $5.01
Dividend yield 3.7%
EPS growth (YoY) -11.6%
Net debt $501M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 75/100

Of which business quality 72 · Market factors (momentum, volatility) 36

Profitability 55
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Amdocs Limited, through its subsidiaries, provides software and services to communications, entertainment, media, and other service providers worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud offering.

Full company description

Amdocs Limited, through its subsidiaries, provides software and services to communications, entertainment, media, and other service providers worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud offering. The company also provides CES25, a telco-native, GenAI-led customer experience suite, spanning business, and operations and network domains that is embedded with AI and related tools. In addition, it offers GenAI agents, and which include Customer Engagement Platform, a telecom-specific customer relationship management (CRM) solution; Amdocs Monetization Suite which enables customers to monetize their broad set of services and offerings; Amdocs Intelligent Networking Suite, a set of solutions that provide end-to-end service orchestration; Amdocs Charging; Amdocs eSIM Cloud that enables service providers to offer digital SIM (eSIM); Amdocs MarketONE, a based Software-as-a-Service (SaaS)-based platform that includes pre-integrated digital services, ranging from media, gaming, eLearning, sports and retail to security, and business services; and Amdocs connectX, a cloud-native telco-in-a-box software-as-a-service platform for digital telecom brands, as well as Amdocs CatalogONE that spans the entire CES25 suite and combines embedded business intelligence with telecom-specific GenAI agents. Further, the company provides consulting, experience design, data, cloud, network services, delivery, quality engineering, operations, systems integration, and content services to various platforms and technologies; maintenance, enhancement design and development, and operational support services; network deployment and optimization services; and managed services, including AI and related tools, predictive analytics, and robotic process automation, as well as quality engineering, mobile network, cloud, and professional services. Amdocs Limited was founded in 1982 and is headquartered in Saint Louis, Missouri.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Amdocs Limited reported revenue of $4.5B in FY2025 versus $4.3B in FY2021, a compound +1.4%/yr. Reported net income was $565M in FY2025, compounding −4.8%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$4.5B
Latest YoY
−9.4%
Avg. growth/yr (3Y)
−0.3%
Avg. growth/yr (5Y)
+1.7%
Avg. growth/yr (28Y)
+10.3%
Revenue +1.4%/yr
FY21 $4.3B
FY22 $4.6B
FY23 $4.9B
FY24 $5.0B
FY25 $4.5B
Net income −4.8%/yr
FY21 $688M
FY22 $550M
FY23 $541M
FY24 $493M
FY25 $565M

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Cite: Fair Value Calculator (2026). "Amdocs Limited Fair Value". https://www.fairvalue-calculator.com/stock/DOX

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Software - Infrastructure · 368 stocks

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.

Quality Score 75 · Top 25%
Fair Value upside +74% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 12% · Above median
Operating margin (TTM) 16% · Top 25%
Revenue growth 4% · Below median
Dividend yield (TTM) 4.3% · Top 25%
Debt / equity 0.19× · Higher than median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 10.6× · Cheaper than 75% of peers
P/B 1.64× · Cheaper than median
P/S (TTM) 1.22× · Cheaper than median
P/FCF 8.7× · Pricier than median
EV/EBITDA 5.8× · Cheaper than 75% of peers
PEG 0.69× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 20 · sector 46
PAST 63 · sector 15
HEALTH 91 · sector 99
DIVIDEND 86 · sector 28

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is Amdocs Limited (DOX) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of $101.82 versus a price of $58.55, about +74% (undervalued).
What is the fair value of DOX?
Our model-based fair value for Amdocs Limited is $101.82 (as of Jul 17, 2026), built from audited fundamentals. The current price is $58.55.
What is the quality score of DOX?
Amdocs Limited has a Quality Score of 75/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Amdocs Limited (DOX)?
Amdocs Limited reported trailing-twelve-month revenue of about $4.6B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of DOX?
The net profit margin of Amdocs Limited is about 11.8%, meaning it keeps roughly 11.8% of revenue as net income. Based on the latest reported figures.
Does Amdocs Limited pay a dividend?
Amdocs Limited currently shows a dividend yield of about 3.74% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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