10 years of historical data (2015–2024) · Technology · Semiconductors
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ACM Research, Inc. trades at 36.4x earnings, roughly in line with its 5-year average of 35.8x, sitting at the 71st percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a premium of 44%. On a free-cash-flow basis, the stock trades at 47.6x P/FCF, 233% above the 5-year average of 14.3x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.3B | $1.0B | $1.3B | $504M | $1.9B | $1.7B | $353M | $195M | $79M | — | — |
| Enterprise Value | $3.1B | $782M | $1.2B | $335M | $1.3B | $1.7B | $312M | $177M | $66M | — | — |
| P/E Ratio → | 36.39 | 9.87 | 16.84 | 13.07 | 49.00 | 90.27 | 18.64 | 30.25 | — | — | — |
| P/S Ratio | 4.26 | 1.28 | 2.27 | 1.30 | 7.15 | 10.99 | 3.28 | 2.61 | 2.16 | — | — |
| P/B Ratio | 3.37 | 0.91 | 1.37 | 0.62 | 2.29 | 8.27 | 3.63 | 3.73 | 1.98 | — | — |
| P/FCF | 47.62 | 14.29 | — | — | — | — | 42.65 | 40.32 | — | — | — |
| P/OCF | 21.86 | 6.56 | — | — | — | — | 37.55 | 28.23 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
ACM Research, Inc.'s enterprise value stands at 19.3x EBITDA, 25% below its 5-year average of 25.9x. The Technology sector median is 15.7x, placing the stock at a 23% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.00 | 2.12 | 0.86 | 5.14 | 10.85 | 2.91 | 2.38 | 1.82 | — | — |
| EV / EBITDA | 19.35 | 4.86 | 11.40 | 5.21 | 32.49 | 75.36 | 16.82 | 25.75 | 68.40 | — | — |
| EV / EBIT | 20.62 | 4.58 | 9.96 | 4.86 | 34.47 | 83.80 | 17.56 | 27.41 | 94.88 | — | — |
| EV / FCF | — | 11.17 | — | — | — | — | 37.74 | 36.67 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
ACM Research, Inc. earns an operating margin of 19.3%. Operating margins have expanded from 15.2% to 19.3% over the past 3 years, signaling improving operational efficiency. ROE of 10.2% is modest. ROIC of 13.2% represents solid returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.1% | 50.1% | 49.5% | 47.2% | 44.2% | 44.4% | 47.1% | 46.2% | 47.2% | 48.7% | 45.3% |
| Operating Margin | 19.3% | 19.3% | 17.2% | 15.2% | 14.9% | 13.7% | 16.5% | 8.7% | 1.9% | 12.8% | 15.6% |
| Net Profit Margin | 13.2% | 13.2% | 13.9% | 10.1% | 14.5% | 12.0% | 17.6% | 8.8% | -0.9% | 3.8% | 17.2% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.2% | 10.2% | 8.9% | 4.8% | 7.4% | 12.3% | 25.3% | 14.3% | -1.5% | 41.5% | — |
| ROA | 6.2% | 6.2% | 5.7% | 3.4% | 5.4% | 6.7% | 11.8% | 7.7% | -0.6% | 2.7% | 16.7% |
| ROIC | 13.2% | 13.2% | 9.7% | 9.5% | 12.2% | 13.3% | 29.2% | 15.7% | 4.3% | — | 449.7% |
| ROCE | 13.7% | 13.7% | 10.5% | 7.0% | 7.1% | 10.7% | 16.1% | 12.6% | 1.9% | 17.9% | 42.0% |
Solvency and debt-coverage ratios — lower is generally safer
ACM Research, Inc. carries a Debt/EBITDA ratio of 1.2x, which is manageable (60% below the sector average of 3.0x). The company holds a net cash position — cash of $407M exceeds total debt of $189M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 36.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.17 | 0.17 | 0.11 | 0.10 | 0.05 | 0.24 | 0.18 | 0.18 | 0.13 | 1.92 | — |
| Debt / EBITDA | 1.17 | 1.17 | 0.95 | 1.23 | 0.95 | 2.22 | 0.95 | 1.37 | 5.26 | 1.30 | 1.93 |
| Net Debt / Equity | — | -0.20 | -0.09 | -0.21 | -0.64 | -0.10 | -0.42 | -0.34 | -0.32 | -2.15 | — |
| Net Debt / EBITDA | -1.36 | -1.36 | -0.80 | -2.62 | -12.75 | -0.96 | -2.19 | -2.57 | -12.95 | -1.45 | 1.05 |
| Debt / FCF | — | -3.12 | — | — | — | — | -4.91 | -3.65 | — | — | 3.97 |
| Interest Coverage | 36.38 | 36.38 | 35.75 | 35.67 | 50.59 | 21.89 | 23.88 | 12.99 | 2.53 | 19.28 | 39.86 |
Net cash position: cash ($407M) exceeds total debt ($189M)
Short-term solvency ratios and asset-utilisation metrics
ACM Research, Inc.'s current ratio of 2.31x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.38x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.43x to 2.31x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.31 | 2.31 | 2.35 | 2.43 | 4.63 | 2.53 | 3.71 | 2.08 | 2.88 | 2.36 | 1.36 |
| Quick Ratio | 1.38 | 1.38 | 1.26 | 1.44 | 3.57 | 1.67 | 2.87 | 1.24 | 2.18 | 1.68 | 0.91 |
| Cash Ratio | 0.69 | 0.69 | 0.57 | 0.85 | 2.87 | 0.97 | 1.09 | 0.59 | 0.81 | 0.59 | 0.21 |
| Asset Turnover | — | 0.42 | 0.37 | 0.31 | 0.25 | 0.46 | 0.49 | 0.72 | 0.54 | 0.62 | 0.97 |
| Inventory Turnover | 0.65 | 0.65 | 0.52 | 0.52 | 0.66 | 0.98 | 1.27 | 1.04 | 1.25 | 1.20 | 1.87 |
| Days Sales Outstanding | — | 200.16 | 213.14 | 199.53 | 176.51 | 154.09 | 114.38 | 137.68 | 292.48 | 237.22 | 155.49 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ACM Research, Inc. returns 0.2% to shareholders annually primarily through dividends. The payout ratio of 6.7% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.7% | 0.3% | — | — | — | — | — | — | — | — |
| Payout Ratio | 6.7% | 6.7% | 5.1% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.7% | 10.1% | 5.9% | 7.7% | 2.0% | 1.1% | 5.4% | 3.3% | — | — | — |
| FCF Yield | 2.1% | 7.0% | — | — | — | — | 2.3% | 2.5% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.2% | 0.7% | 0.3% | 0.0% | 0.0% | 0.0% | 0.8% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $66M | $65M | $65M | $65M | $64M | $57M | $54M | $45M | $24M | $8M |
Compare ACMR with 6 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| ACMRYou | $3B | 36.4 | 19.3 | 47.6 | 50.1% | 19.3% | 10.2% | 13.2% | 1.2 |
| ASML | $563B | 51.8 | 39.5 | 44.8 | 52.8% | 34.6% | 48.5% | 80.9% | 0.2 |
| AMAT | $295B | 43.0 | 35.1 | 51.8 | 48.7% | 29.2% | 35.5% | 33.3% | 0.8 |
| LRCX | $293B | 56.4 | 46.3 | 54.1 | 48.7% | 32.0% | 58.2% | 55.7% | 0.8 |
| ACLS | $3B | 21.7 | 18.8 | 25.0 | 44.9% | 14.2% | 11.7% | 9.6% | 0.3 |
| VECO | $2B | 51.8 | 49.9 | 40.4 | 40.0% | 5.4% | 4.3% | 2.8% | 6.6 |
| ASYS | $188M | -6.2 | — | 27.1 | 34.0% | -5.8% | -44.7% | -4.8% | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 10 years · Updated daily
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Start ComparisonACM Research, Inc.'s current P/E ratio is 36.4x. The historical average is 32.6x. This places it at the 71th percentile of its historical range.
ACM Research, Inc.'s current EV/EBITDA is 19.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 30.0x.
ACM Research, Inc.'s return on equity (ROE) is 10.2%. The historical average is 13.7%.
Based on historical data, ACM Research, Inc. is trading at a P/E of 36.4x. This is at the 71th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ACM Research, Inc.'s current dividend yield is 0.19% with a payout ratio of 6.7%.
ACM Research, Inc. has 50.1% gross margin and 19.3% operating margin. Operating margin between 10-20% is typical for established companies.
ACM Research, Inc.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.