Open Text Corp
Open Text Corp (OTEX) is listed on NASDAQ and classified in Software - Application, part of the Technology sector. It is headquartered in Waterloo, Canada and has 19,900 employees. The company is worth $6.78B and trades at 10.4x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $5.25B in fiscal 2026, up 1.5% from the year before. Net income was $643.02M. The share price is 29.8% below its 52-week high of $39.81. It pays a dividend yielding 4.01%, and has raised its annual dividend for 11 years in a row in our records. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Israel Englander (Millennium Management), at $39.02M. In that quarter, 4 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -46.2% over 5Y.
today you would have $593.52▼ -40.6%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 20 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $25.50 | $32.58 | $28.32 | $42.02 | $29.64 | $47.48 | $45.46 | $44.07 | $32.60 | $35.67 | $30.91 | $23.97 | $29.13 | $22.99 | $13.97 | $12.78 | $11.52 | $10.16 | $7.53 | $7.86 | |
| P/E | 29.8x | 9.9x | 19.7x | 16.6x | 75.0x | 20.3x | 41.6x | 52.9x | 41.6x | 35.8x | 8.9x | 26.4x | 25.2x | 32.2x | 36.5x | 26.1x | 24.2x | 29.7x | 38.0x | 29.8x | 73.1x |
| P/S | 2.9x | 1.2x | 1.6x | 1.3x | 2.5x | 2.3x | 3.8x | 4.0x | 4.1x | 3.1x | 4.1x | 4.1x | 3.2x | 4.4x | 4.0x | 2.7x | 2.8x | 2.9x | 2.7x | 2.2x | 0.0x |
| P/B | 2.8x | 1.5x | 2.1x | 1.8x | 2.8x | 2.0x | 3.1x | 3.1x | 3.1x | 2.3x | 2.7x | 3.8x | 3.2x | 4.3x | 4.1x | 2.8x | 2.8x | 2.9x | 3.1x | 2.5x | 0.0x |
| EPS | $2.58 | $1.65 | $1.71 | $0.56 | $1.46 | $1.14 | $0.86 | $1.06 | $0.91 | $4.01 | $1.17 | $0.95 | $0.91 | $0.63 | $0.54 | $0.53 | $0.39 | $0.27 | $0.25 | $0.11 | |
| Dividend yield | 1.79% | 3.25% | 3.30% | 3.62% | 2.35% | 3.13% | 1.78% | 1.60% | 1.93% | 1.80% | 1.43% | 1.44% | 1.61% | 1.15% | 0.98% | — | — | — | — | — | — |
| Payout | 61.78% | 32.17% | 65.21% | 60.00% | 176.07% | 63.56% | 74.04% | 84.42% | 80.38% | 64.62% | 12.74% | 38.03% | 40.68% | 36.96% | 35.71% | — | — | — | — | — | — |
| Profit margin | 9.87% | 12.26% | 8.43% | 8.06% | 3.35% | 11.37% | 9.17% | 7.53% | 9.95% | 8.60% | 44.77% | 15.59% | 12.65% | 13.43% | 10.89% | 10.37% | 11.92% | 9.78% | 7.25% | 7.31% | 3.64% |
| ROE | 10.33% | 16.02% | 11.09% | 11.08% | 3.74% | 9.85% | 7.58% | 5.85% | 7.35% | 6.52% | 29.04% | 14.38% | 12.81% | 13.29% | 11.11% | 10.61% | 11.85% | 10.05% | 8.29% | 8.33% | 4.13% |
Median of the years shown; P/E years above 200x are left out.
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 17.7% a year plus a 4.0% dividend yield. Growth capped at 25%.
Median P/E of 28.0 among peers in the sector.
Median P/E of 29.8 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 7.6% a year against a 9.1% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+177.7% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| WEXWEX Inc. | $198.14 | 18.7x | 5.1x | 0.00% | 30.19% | $6.75B |
| NICENICE Ltd. | $117.15 | 16.7x | 45.6x | 0.00% | 11.33% | $6.86B |
| DOXAmdocs Ltd | $63.57 | 14.6x | 2.0x | 3.59% | 13.31% | $6.64B |
| RNGRingCentral, Inc. | $79.42 | 66.2x | — | 0.35% | — | $6.63B |
| CVLTCommvault Systems Inc | $167.81 | 106.9x | 133.6x | 0.00% | 32.77% | $6.95B |
| NAVNNavan, Inc. | $25.38 | — | 5.0x | 0.00% | -49.39% | $6.61B |