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8x8, Inc.EGHTCompetitor analysis, valuation and peers

United States · USD·Information Technology›Packaged Software
Momentum weak 36
Mkt cap
$308M
US dollars, full cap
Free float
95%
of shares outstanding
$/day
$2.94M
20-day average traded
Fwd P/E
5.9×
forward earnings
ROIC−WACC
-4.5 pp
WACC 9.6%
Hurdle
+6 pp
Req g minus delivered
Next earnings
89 days
3 Feb 2027
Close · USD$2.13
1D-5.3%
1W+1.9%
1M-1.4%
3M-4.9%
6M-22.3%
YTD+8.1%
1Y-3.2%
ATR %6.8%
Beta0.86
52w lowhigh26.0% off high

What 8x8 does

Employees: 1,819

8x8 at a glance

Size 8x8 (EGHT) is a United States Information Technology company (Packaged Software) with a market value of $308M, the 3096th largest of 3,117 United States companies the cockpit tracks. Shares closed at $2.13 on 6 Nov 2026.

Performance Over six months the shares fell 22.3%, against -14.2% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 19 in its peer set.

Growth Revenue grew 3.7% over the last twelve months (peer median +12.3%); the operating margin is 3.6% (peer median 10.3%).

Valuation It trades at 5.9× forward earnings against a peer median of 17.7× (2nd cheapest of 13).

Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 4.5 points below its cost of capital (9.6% WACC).

Backlog Backlog (remaining performance obligations) was $610M at 30 Sep 2026, down 14% on a year earlier — 0.8 years of trailing revenue. Backlog detail →

Short interest Short interest is 1.9% of the free float (15 Oct 2026).

Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 86EGHT 81
Six months, rebased to 100: 8x8 against the median of its 20 peers (local-currency closes).

8x8 financials

Reported figures in USD; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$745M$736M$715M$729M$744M
Revenue growth—+3%-2%-2%—
Gross profit$472M$475M$485M$504M$502M
EBITDA$59.3M$51.2M$54.4M$30.6M-$8.41M
Net income$4.76M$1.65M-$27.2M-$67.6M-$73.1M
Free cash flow$46.5M$39.8M$50.1M$76.3M$45.8M
Capital expenditure$14.5M$16.0M$13.5M$16.9M$14.9M
Total debt$358M$371M$410M$478M$569M

Quarterly statements and history in the cockpit →

8x8 competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%0%+50%EHNET688619LSAKCER3000202660SF4258EMUDHRA3932ALBFRCBRAIN247A6880813763000797EGHT6-month return →1-month return →
Up and to the right = strong over both horizons. 8x8 is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%20×40×NETLSAKCERSF4258EMUDHRA3932ALBFRCBRAIN247A3668376300EGHTRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. 8x8 is the large dot.

Capital: growth delivered against growth the price implies

-40%-20%0%+20%+40%-25%0%25%50%NET688619LSAKCER300020SF42583932ALBFR376300EGHTGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. 8x8 is the large dot.

8x8 competitors and peer comparison

How 8x8 compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

8x8 against its 20 peers (data as of 6 Nov 2026)
MeasureEGHTPeer medianRank in peer set
1-month return-1.4%-2.7%9th highest of 20
6-month return-22.3%-14.2%9th lowest of 19
Distance from 52-week high-26.0%-38.5%7th highest of 20
Revenue growth (TTM)+3.7%+12.3%9th lowest of 21
Operating margin3.6%10.3%7th lowest of 21
Forward P/E5.9×17.7×2nd cheapest of 13
Growth the price implies (Req g, 7 yrs)12.4%10.1%5th most demanding of 12
Growth delivered (Del g)+6.7%+16.1%4th lowest of 12
Hurdle (Req g minus delivered)+5.7 pp-7.0 pp4th most demanding of 12
ROIC minus cost of capital-4.5 pp-0.5 pp6th lowest of 19
EV / EBITDA9.7×19.0×4th cheapest of 13
Net debt / EBITDA4.5×-0.4×3rd most indebted of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
8x8 EGHTUnited States$308M-22%+4%4%5.9×12.4%+6.7%
EHang Holdings Ltd. Sponsored ADR EHUnited States$309M-61%-3%-86%n/an/an/a
Netcall NET.LUnited Kingdom$304M+7%+20%10%25.6×9.3%+16.3%
Ropeok Technology 688619.SSChina$302M-32%-17%-144%n/a41.8%-24.4%
Lesaka Technologies LSAKUnited States$302M-28%+9%3%7.2×10.1%+40.7%
Cerillion CER.LUnited Kingdom$314M-41%+1%39%16.4×1.4%+16.9%
Enjoyor Technology 300020.SZChina$299M-14%-23%-1,427%n/a20.3%-39.4%
Zengame Technology 2660.HKHong Kong$318M-15%+19%24%n/an/an/a
Stillfront SF.STSweden$320M+9%-12%16%4.2×-15.4%+7.4%
AMIYA 4258.TJapan$294M+83%+25%18%49.6×23.9%+20.7%
eMudhra EMUDHRA.NSIndia$324M-31%+30%18%22.3×n/an/a
Akatsuki 3932.TJapan$327M+29%+31%34%6.3×-13.6%-3.6%
Sidetrade ALBFR.PAFrance$327M+24%+13%5%30.6×33.9%+16.1%
toggle 652A.TJapan$331Mn/a+25%9%n/an/an/a
cBrain A/S CBRAIN.CODenmark$332M+84%-1%24%39.7×11.6%+15.9%
Ai Robotics 247A.TJapan$283M-48%+123%9%8.6×n/an/a
Reconova Technologies 7656.HKHong Kong$336Mn/a+12%-15%n/an/an/a
COLOPL 3668.TJapan$337M-4%-13%10%18.9×n/an/a
Wuhan Xingtu Xinke Electronics 688081.SSChina$337M-59%-13%-49%n/an/an/a
DEAR U 376300.KSSouth Korea$338M-40%+20%22%15.0×5.1%+45.1%
7Road 0797.HKHong Kong$338M+83%+71%27%n/an/an/a

8x8 backlog

8x8 reported $610M of remaining performance obligations at 30 Sep 2026, down 14% from a year earlier and down 5% from the previous quarter. That is 0.8 years of trailing revenue already under contract. Book-to-bill last quarter: 0.84.

Questions

Which companies are 8x8's closest peers?
The cockpit's peer set: EHang Holdings Ltd. Sponsored ADR (EH), Netcall (NET.L), Ropeok Technology (688619.SS), Lesaka Technologies (LSAK), Cerillion (CER.L), Enjoyor Technology (300020.SZ), Zengame Technology (2660.HK), Stillfront (SF.ST).
Is 8x8 expensive compared with its peers?
On forward p/e it trades at 5.9× against a peer median of 17.7×, 2nd cheapest of 13 in its peer set. For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has 8x8 stock performed?
Over six months to 6 Nov 2026 the shares returned -22.3% against -14.2% for the median peer; over one year -3.2%.
What is 8x8's backlog?
8x8's remaining performance obligations (contracted revenue not yet recognised) were $610M at 30 Sep 2026, -14% on a year earlier.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.