Advanced Micro Devices, Inc. (AMD) Financial Ratios
30 years of historical data (1996–2025) · Technology · Semiconductors
EV/EBITDA
↑
102.43
↑+139% vs avg
5yr avg: 42.82
30Y Low3.8·High71.7
P/FCF
↓
102.03
+16% vs avg
5yr avg: 87.91
30Y Low12.1·High187.4
P/B Ratio
↓
10.94
↑+39% vs avg
5yr avg: 7.85
30Y Low0.9·High24.0
ROE
↓
7.2%
↑-43% vs avg
5yr avg: 12.7%
30Y Low-176%·High57%
Debt/EBITDA
↑
0.67
↑+31% vs avg
5yr avg: 0.51
30Y Low0.2·High46.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AMD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Advanced Micro Devices, Inc. trades at 159.0x earnings, 29% above its 5-year average of 123.7x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 27.2x, the stock trades at a premium of 484%. On a free-cash-flow basis, the stock trades at 102.0x P/FCF, 16% above the 5-year average of 87.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $687.2B | $351.7B | $204.9B | $239.5B | $101.8B | $179.6B | $110.8B | $51.7B | $19.0B | $10.7B | $9.5B |
| Enterprise Value | $686.1B | $350.7B | $203.4B | $238.6B | $99.8B | $177.7B | $109.8B | $51.0B | $19.1B | $10.9B | $9.6B |
| P/E Ratio → | 159.04 | 81.13 | 125.19 | 278.13 | 77.11 | 56.86 | 44.57 | 153.93 | 55.69 | — | — |
| P/S Ratio | 19.84 | 10.15 | 7.95 | 10.56 | 4.31 | 10.93 | 11.35 | 7.68 | 2.93 | 2.03 | 2.19 |
| P/B Ratio | 10.94 | 5.58 | 3.56 | 4.29 | 1.86 | 23.96 | 18.98 | 18.30 | 14.98 | 17.92 | 22.76 |
| P/FCF | 102.03 | 52.22 | 85.21 | 213.69 | 32.67 | 55.78 | 142.62 | 187.40 | — | — | 728.38 |
| P/OCF | 89.14 | 45.63 | 67.39 | 143.70 | 28.54 | 51.01 | 103.47 | 104.91 | 557.66 | 157.07 | 105.21 |
P/E links to full P/E history page with 30-year chart
AMD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Advanced Micro Devices, Inc.'s enterprise value stands at 102.4x EBITDA, 139% above its 5-year average of 42.8x. The Technology sector median is 17.3x, placing the stock at a 492% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.12 | 7.89 | 10.52 | 4.23 | 10.81 | 11.24 | 7.57 | 2.95 | 2.07 | 2.23 |
| EV / EBITDA | 102.43 | 52.35 | 40.06 | 60.38 | 18.06 | 43.23 | 63.70 | 57.35 | 30.81 | 40.19 | — |
| EV / EBIT | 185.73 | 82.10 | 97.72 | 399.02 | 78.44 | 48.00 | 83.02 | 109.41 | 42.42 | 92.30 | — |
| EV / FCF | — | 52.06 | 84.56 | 212.86 | 32.03 | 55.20 | 141.25 | 184.72 | — | — | 741.53 |
AMD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Advanced Micro Devices, Inc. earns an operating margin of 10.7%. Operating margins have expanded from 1.8% to 10.7% over the past 3 years, signaling improving operational efficiency. ROE of 7.2% is modest. ROIC of 4.7% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.5% | 49.5% | 49.4% | 46.1% | 44.9% | 48.2% | 44.5% | 42.6% | 37.8% | 34.0% | 23.2% |
| Operating Margin | 10.7% | 10.7% | 7.4% | 1.8% | 5.4% | 22.2% | 14.0% | 9.4% | 7.0% | 2.4% | -8.6% |
| Net Profit Margin | 12.5% | 12.5% | 6.4% | 3.8% | 5.6% | 19.2% | 25.5% | 5.1% | 5.2% | -0.6% | -11.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.2% | 7.2% | 2.9% | 1.5% | 4.2% | 47.4% | 57.5% | 16.7% | 36.2% | -6.5% | -24900.0% |
| ROA | 5.9% | 5.9% | 2.4% | 1.3% | 3.3% | 29.6% | 33.2% | 6.4% | 8.3% | -1.0% | -15.6% |
| ROIC | 4.7% | 4.7% | 2.6% | 0.6% | 3.2% | 52.6% | 29.9% | 26.8% | 30.1% | 13.7% | -34.4% |
| ROCE | 5.7% | 5.7% | 3.1% | 0.7% | 3.6% | 49.6% | 26.8% | 20.2% | 19.6% | 6.3% | -20.4% |
AMD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Advanced Micro Devices, Inc. carries a Debt/EBITDA ratio of 0.7x, which is very conservative (77% below the sector average of 2.9x). The company holds a net cash position — cash of $5.5B exceeds total debt of $4.5B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 32.6x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.07 | 0.04 | 0.05 | 0.05 | 0.09 | 0.09 | 0.26 | 0.99 | 2.34 | 3.45 |
| Debt / EBITDA | 0.67 | 0.67 | 0.44 | 0.76 | 0.52 | 0.16 | 0.31 | 0.82 | 2.01 | 5.15 | — |
| Net Debt / Equity | — | -0.02 | -0.03 | -0.02 | -0.04 | -0.25 | -0.18 | -0.26 | 0.14 | 0.35 | 0.41 |
| Net Debt / EBITDA | -0.16 | -0.16 | -0.31 | -0.24 | -0.36 | -0.46 | -0.62 | -0.83 | 0.28 | 0.77 | — |
| Debt / FCF | — | -0.16 | -0.65 | -0.83 | -0.63 | -0.58 | -1.37 | -2.67 | — | — | 13.15 |
| Interest Coverage | 32.60 | 32.60 | 22.62 | 5.64 | 14.45 | 108.91 | 28.13 | 4.96 | 3.73 | 0.94 | -1.88 |
Net cash position: cash ($5.5B) exceeds total debt ($4.5B)
AMD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Advanced Micro Devices, Inc.'s current ratio of 2.85x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.01x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.51x to 2.85x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.85 | 2.85 | 2.62 | 2.51 | 2.36 | 2.02 | 2.54 | 1.95 | 1.78 | 1.74 | 1.88 |
| Quick Ratio | 2.01 | 2.01 | 1.83 | 1.86 | 1.77 | 1.56 | 1.96 | 1.53 | 1.36 | 1.28 | 1.32 |
| Cash Ratio | 1.12 | 1.12 | 0.70 | 0.86 | 0.92 | 0.85 | 0.95 | 0.64 | 0.58 | 0.78 | 0.94 |
| Asset Turnover | — | 0.45 | 0.37 | 0.33 | 0.35 | 1.32 | 1.09 | 1.12 | 1.42 | 1.48 | 1.30 |
| Inventory Turnover | 2.21 | 2.21 | 2.28 | 2.81 | 3.45 | 4.35 | 3.87 | 3.93 | 4.77 | 4.99 | 4.42 |
| Days Sales Outstanding | — | 66.54 | 98.14 | 86.66 | 63.84 | 60.14 | 77.61 | 101.89 | 71.53 | 33.84 | 28.99 |
AMD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Advanced Micro Devices, Inc. returns 0.2% to shareholders annually primarily through share buybacks. The earnings yield of 0.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.6% | 1.2% | 0.8% | 0.4% | 1.3% | 1.8% | 2.2% | 0.6% | 1.8% | — | — |
| FCF Yield | 1.0% | 1.9% | 1.2% | 0.5% | 3.1% | 1.8% | 0.7% | 0.5% | — | — | 0.1% |
| Buyback Yield | 0.2% | 0.4% | 0.8% | 0.6% | 4.0% | 1.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.2% | 0.4% | 0.8% | 0.6% | 4.0% | 1.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $1.6B | $1.6B | $1.6B | $1.6B | $1.2B | $1.2B | $1.1B | $1.1B | $1.0B | $835M |
Peer Comparison
Compare AMD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AMDYou | $687B | 159.0 | 102.4 | 102.0 | 49.5% | 10.7% | 7.2% | 4.7% | 0.7 |
 INTC | $567B | -1918.7 | 51.3 | — | 34.8% | -0.0% | -0.2% | -0.0% | 4.0 |
 NVDA | $5.0T | 42.4 | 37.9 | 52.2 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
 QCOM | $203B | 38.5 | 15.2 | 15.8 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
 ARM | $251B | 316.4 | 246.7 | 1409.1 | 94.9% | 20.6% | 13.1% | 14.2% | 0.4 |
 MRVL | $149B | 56.1 | 114.1 | 106.8 | 51.0% | 16.1% | 19.3% | 6.0% | 3.4 |
 AVGO | $2.0T | 89.2 | 60.3 | 74.9 | 67.8% | 39.9% | 31.0% | 14.9% | 1.9 |
 TXN | $264B | 53.1 | 34.4 | 101.2 | 57.0% | 34.1% | 30.1% | 15.8% | 1.9 |
 MU | $752B | 87.9 | 41.6 | 450.9 | 39.8% | 26.4% | 17.2% | 13.2% | 0.8 |
 AMAT | $340B | 49.5 | 40.4 | 59.7 | 48.7% | 29.2% | 35.5% | 33.3% | 0.8 |
 TSM | $2.2T | 39.5 | 25.2 | 62.4 | 59.9% | 50.8% | 35.7% | 42.7% | 0.4 |
| Technology Median | — | 27.2 | 17.3 | 19.8 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonAMD — Frequently Asked Questions
Quick answers to the most common questions about buying AMD stock.
What is Advanced Micro Devices, Inc.'s P/E ratio?
Advanced Micro Devices, Inc.'s current P/E ratio is 159.0x. The historical average is 62.1x. This places it at the 100th percentile of its historical range.
What is Advanced Micro Devices, Inc.'s EV/EBITDA?
Advanced Micro Devices, Inc.'s current EV/EBITDA is 102.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 27.7x.
What is Advanced Micro Devices, Inc.'s ROE?
Advanced Micro Devices, Inc.'s return on equity (ROE) is 7.2%. The historical average is -8.4%.
Is AMD stock overvalued?
Based on historical data, Advanced Micro Devices, Inc. is trading at a P/E of 159.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Advanced Micro Devices, Inc.'s profit margins?
Advanced Micro Devices, Inc. has 49.5% gross margin and 10.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Advanced Micro Devices, Inc. have?
Advanced Micro Devices, Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.