JFrog Ltd. (FROG)
NEUTRALFundamental
48
Price
$91.23
Market Cap
$11.02B
Part 1 · What the company is worth
Overview
JFrog Ltd. provides software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage software packages; JFrog Curation functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, from open source or public repositories; JFrog Xray, scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Runtime Security, an optional add-on for select JFrog subscriptions to work with other JFrog Security solutions. It also provides JFrog ML, a platform-integrated solution designed for data science and MLOps teams to transform and store data, build, train, and deploy models, and monitor the entire Machine Learning pipeline; JFrog AI Catalog, an extension of JFrog Curation functionality that allows companies to secure, govern, consume and deploy AI technologies; JFrog AppTrust, an optional component with application risk governance of DevGovOps requirements; JFrog Distribution that provides software package distribution; and JFrog Connect, a device management solution that allows companies to manage software updates and monitor performance in IoT device fleets. In addition, the company offers JFrog Pro that provides access to the universal version of JFrog Artifactory and ongoing updates, upgrades, and bug fixes; JFrog Pro X, a self-managed-only subscription; JFrog Enterprise X, offers cluster configuration, federated repositories, multi-region replication, larger enterprise-scale deployments, service-level agreement support, and deeper security; and JFrog Enterprise Plus, a full platform subscription option. It serves technology, financial services, retail, healthcare, and telecommunications organizations. JFrog Ltd. was incorporated in 2008 and is headquartered in Sunnyvale, California with additional office in Netanya, Israel.
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Direct competitors
Who this company fights with for the same customers
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Balance Sheet & Liquidity
Revenue
$600M
Trailing 12 months (through 6/30/2026)
Net Income
$-44M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$142M
Total Equity
$887M
Total Liabilities
$454M
Current Ratio
2.14
Interest Coverage
-
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$70.19
Current Price
$91.23
Margin of Safety
-30.0%
Fair Value Range
$45.63 - $94.76
Estimation Methods
Valuation Metrics
P/E Ratio
-
ROE
-8.1%
P/B Ratio
11.57
P/FCF
65.49
Gross Margin
77.9%
ROIC
-5.4%
Profitability Radar
Value Creation (Economic Moat)
ROIC
-5.4%
WACC
11.2%
ROIC − WACC
-16.6 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (12)
- EPS shows upward trend
- Price CAGR 6.59%
- Gross Margin 77.9%
- Debt/Equity ratio
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Revenue Growth 5Y 28.7%
- Analyst Consensus 90% Buy
- Earnings Surprise avg 20.1%
- Net Margin Trend -7.3% vs -18.2%
- Piotroski F-Score 5/9
Failed (9)
- ROIC -5.4%
- P/FCF 65.49
- P/B Ratio 11.57
- Operating Margin -11.5%
- Return on Tangible Assets
- Low reliance on intangibles
- DCF valuation (Overvalued)
- ROE -7.0%
- Share Dilution 5.4%
Unavailable (6)
- Dividend Payout NaN%
- Interest Coverage
- Debt/EBITDA
- Price below Graham Number
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
Low quality: investigate accounting
Share Dilution
Issuing new shares, diluting ownership
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Shlomi Ben Haim | Co-Founder, CEO & Chairman of the Board | 55 |
| Mr. Frederic Simon | Co-Founder & Director | 54 |
| Mr. Yoav Landman | Co-Founder, CTO & Director | 53 |
| Mr. Eduard Grabscheid | Chief Financial Officer | 51 |
| Ms. Tali Notman | Chief Revenue Officer | 43 |
| Ms. Orit Goren | Chief Operating Officer | 55 |
| Mr. Aran Azarzar | Chief Information Officer | - |
| Mr. Jeffrey Allan Schreiner | Vice President of Investor Relations | 50 |
| Ms. Shanti Ariker | Chief Legal Officer | 57 |
| Ms. Genefa Murphy Ph.D. | Chief Marketing Officer | 41 |
Audit Risk
1
Board Risk
7
Compensation Risk
7
Shareholder Rights Risk
3
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for FROG, sourced from Markets Gazette.
- 2/27/2026POSITIVEIs JFrog Stock a Buy After Investment Firm Anatole Purchased Over 1 Million Shares in a New Stake?
Investment firm Anatole has acquired a significant new stake in JFrog Inc., purchasing over 1 million shares. This market move signals strong institutional confidence in the DevOps platform provider, which offers comprehensive solutions for automation, security, and software distribution to enterprise clients. The entry of such a prominent investor could act as a catalyst for the stock, suggesting growth potential and a possibly undervalued assessment. Investors might interpret this move as a bullish signal, indicating positive prospects for JFrog's future performance in the technology sector.
- 2/22/2026NEGATIVEJFrog's CTO Sold Shares Worth $2.5 Million. Is the Stock a Buy or Sell?
JFrog, a leader in DevOps software solutions, is in the spotlight following a significant share sale by its Chief Technology Officer (CTO). The transaction, worth $2.5 million, raises questions among investors, especially as it occurs amidst a period of continued growth and enterprise adoption of its platforms. Sales by high-level executives are often interpreted by the market as a potential signal of caution or a belief that the stock has reached its full valuation. While the motives can be personal, such as portfolio diversification, a transaction of this magnitude warrants investor attention. Analysts will be closely watching the company's upcoming communications to assess whether this move foreshadows a change in the company's future prospects.
via Markets Gazette