FFIV

F5, Inc.

Technology · $25.0B market cap

Verdict

Share price

$454.04

close of Oct 3, 2026

Fair value

$217.11

Sticker Price

Payback Price

$86.85

buy price

Overpriced

FFIV is Overpriced: at $454.04 it trades 109% above its fair value of $217.11. Its buy price (Payback Price) is $86.85, 81% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 5% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth9.6% a year✗
Equity per share growth10.7% a year✓
Sales growth9.6% a year✗
Free cash flow growth8.9% a year✗
Return on invested capital12.3%✓

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Superinvestors

2 of the investors we track hold FFIV. In Q2 2026, 1 opened a position and 1 trimmed. Who we track

Moves in Q2 2026

New position: Lee Ainslie

Trimmed: Jensen Investment Management

Insider activity

Since Jul 30, 2026: no open-market purchases, 20 sales worth $4.9M and 37 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

OKEKE ANGELIQUE M

EVP, General Counsel · 2026-09-01

Award

3,002 shares

Peterman Catherine A

Chief People Officer · 2026-08-03

Award

8,618 shares

ANAND KUNAL

Chief Technology Officer · 2026-08-01

Option exercise

622 shares

ANAND KUNAL

Chief Technology Officer · 2026-08-01

Option exercise

668 shares

ANAND KUNAL

Chief Technology Officer · 2026-08-01

Tax withholding

$204K

Show all 37 other filings

ANAND KUNAL

Chief Technology Officer · 2026-08-01

Option exercise

1,290 shares

FOUNTAIN THOMAS DEAN

EVP Global Services & Strategy · 2026-08-01

Option exercise

1,042 shares

FOUNTAIN THOMAS DEAN

EVP Global Services & Strategy · 2026-08-01

Option exercise

950 shares

FOUNTAIN THOMAS DEAN

EVP Global Services & Strategy · 2026-08-01

Option exercise

708 shares

FOUNTAIN THOMAS DEAN

EVP Global Services & Strategy · 2026-08-01

Tax withholding

$601K

FOUNTAIN THOMAS DEAN

EVP Global Services & Strategy · 2026-08-01

Option exercise

2,700 shares

Locoh-Donou Francois

President, CEO & Director · 2026-08-01

Option exercise

2,523 shares

Locoh-Donou Francois

President, CEO & Director · 2026-08-01

Option exercise

2,113 shares

Locoh-Donou Francois

President, CEO & Director · 2026-08-01

Option exercise

1,597 shares

Locoh-Donou Francois

President, CEO & Director · 2026-08-01

Tax withholding

$987K

Locoh-Donou Francois

President, CEO & Director · 2026-08-01

Option exercise

6,233 shares

Maddison John Anthony

Chief Product Mkting Officer · 2026-08-01

Tax withholding

$101K

Maddison John Anthony

Chief Product Mkting Officer · 2026-08-01

Option exercise

454 shares

MONTOYA MICHAEL F

Chief Technology Ops Officer · 2026-08-01

Option exercise

534 shares

MONTOYA MICHAEL F

Chief Technology Ops Officer · 2026-08-01

Tax withholding

$338K

MONTOYA MICHAEL F

Chief Technology Ops Officer · 2026-08-01

Option exercise

2,136 shares

MONTOYA MICHAEL F

Chief Technology Ops Officer · 2026-08-01

Option exercise

1,602 shares

OKEKE ANGELIQUE M

EVP, General Counsel · 2026-08-01

Option exercise

113 shares

OKEKE ANGELIQUE M

EVP, General Counsel · 2026-08-01

Option exercise

238 shares

OKEKE ANGELIQUE M

EVP, General Counsel · 2026-08-01

Option exercise

375 shares

OKEKE ANGELIQUE M

EVP, General Counsel · 2026-08-01

Tax withholding

$167K

OKEKE ANGELIQUE M

EVP, General Counsel · 2026-08-01

Option exercise

334 shares

OKEKE ANGELIQUE M

EVP, General Counsel · 2026-08-01

Option exercise

1,060 shares

Werner Edward Cooper

Chief Financial Officer · 2026-08-01

Tax withholding

$156K

Werner Edward Cooper

Chief Financial Officer · 2026-08-01

Option exercise

987 shares

Werner Edward Cooper

Chief Financial Officer · 2026-08-01

Option exercise

453 shares

Werner Edward Cooper

Chief Financial Officer · 2026-08-01

Option exercise

534 shares

WHALEN CHAD MICHAEL

EVP, Worldwide Sales · 2026-08-01

Option exercise

933 shares

WHALEN CHAD MICHAEL

EVP, Worldwide Sales · 2026-08-01

Option exercise

717 shares

WHALEN CHAD MICHAEL

EVP, Worldwide Sales · 2026-08-01

Option exercise

668 shares

WHALEN CHAD MICHAEL

EVP, Worldwide Sales · 2026-08-01

Tax withholding

$367K

WHALEN CHAD MICHAEL

EVP, Worldwide Sales · 2026-08-01

Option exercise

2,318 shares

About F5, Inc.

F5, Inc. is a technology company specializing in comprehensive solutions designed to secure and optimize the delivery of applications across various cloud environments. Their core mission is to guarantee the security, peak performance, and constant availability of critical network applications, servers, and storage systems for their clients. Through their multi-cloud offerings, F5 empowers organizations to…

Software - Infrastructure

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works