Camtek Ltd. (CAMT) Financial Ratios
27 years of historical data (1999–2025) · Technology · Semiconductors
EV/EBITDA
↑
72.43
↑+116% vs avg
5yr avg: 33.53
30Y Low3.3·High48.8
P/FCF
↑
70.16
↑+92% vs avg
5yr avg: 36.53
30Y Low6.4·High47.6
P/B Ratio
↑
15.81
↑+141% vs avg
5yr avg: 6.56
30Y Low0.2·High8.6
ROE
↓
8.7%
↑-55% vs avg
5yr avg: 19.4%
30Y Low-26%·High41%
Debt/EBITDA
↑
4.05
↑+49% vs avg
5yr avg: 2.73
30Y Low0.1·High4.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CAMT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Camtek Ltd. trades at 187.7x earnings, 315% above its 5-year average of 45.3x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 547%. On a free-cash-flow basis, the stock trades at 70.2x P/FCF, 92% above the 5-year average of 36.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $8.9B | $5.3B | $4.0B | $3.4B | $1.1B | $2.1B | $885M | $416M | $249M | $206M | $116M |
| Enterprise Value | $9.3B | $5.7B | $4.1B | $3.5B | $1.1B | $2.0B | $780M | $380M | $194M | $162M | $97M |
| P/E Ratio → | 187.65 | 102.26 | 33.38 | 43.09 | 13.23 | 34.36 | 40.57 | 20.06 | 13.27 | 14.67 | 25.31 |
| P/S Ratio | 18.03 | 10.71 | 9.29 | 10.75 | 3.30 | 7.69 | 5.68 | 3.11 | 2.02 | 2.20 | 1.06 |
| P/B Ratio | 15.81 | 8.61 | 7.26 | 7.12 | 2.76 | 7.06 | 3.89 | 3.05 | 2.45 | 2.44 | 1.59 |
| P/FCF | 70.16 | 41.69 | 35.56 | 47.60 | 21.35 | 36.44 | 37.90 | 17.81 | 17.10 | — | — |
| P/OCF | 63.04 | 37.46 | 32.62 | 42.74 | 18.32 | 34.01 | 34.35 | 16.90 | 14.82 | 125.82 | — |
P/E links to full P/E history page with 30-year chart
CAMT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Camtek Ltd.'s enterprise value stands at 72.4x EBITDA, 116% above its 5-year average of 33.5x. The Technology sector median is 16.7x, placing the stock at a 333% 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 | — | 11.40 | 9.48 | 11.01 | 3.46 | 7.52 | 5.01 | 2.83 | 1.57 | 1.73 | 0.88 |
| EV / EBITDA | 72.43 | 44.12 | 34.26 | 48.76 | 12.97 | 27.53 | 31.38 | 15.75 | 8.81 | — | 11.27 |
| EV / EBIT | 72.43 | 44.12 | 30.74 | 39.12 | 12.44 | 28.04 | 33.12 | 17.28 | 9.68 | — | 33.43 |
| EV / FCF | — | 44.37 | 36.28 | 48.74 | 22.39 | 35.66 | 33.42 | 16.25 | 13.32 | — | — |
CAMT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Camtek Ltd. earns an operating margin of 25.8%. Operating margins have expanded from 20.7% to 25.8% over the past 3 years, signaling improving operational efficiency. ROE of 8.7% is modest. ROIC of 12.1% represents solid 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 | 50.5% | 50.5% | 48.9% | 46.8% | 49.8% | 50.9% | 47.0% | 48.3% | 49.4% | 48.7% | 44.6% |
| Operating Margin | 25.8% | 25.8% | 25.2% | 20.7% | 25.4% | 26.3% | 14.5% | 16.4% | 16.3% | -3.2% | 6.0% |
| Net Profit Margin | 10.2% | 10.2% | 27.6% | 24.9% | 24.9% | 22.4% | 14.0% | 16.4% | 15.2% | 14.9% | 4.3% |
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 | 8.7% | 8.7% | 23.1% | 18.3% | 23.6% | 23.1% | 12.0% | 18.5% | 20.2% | 17.7% | 6.7% |
| ROA | 4.7% | 4.7% | 14.1% | 10.7% | 12.7% | 13.8% | 9.5% | 14.1% | 14.7% | 12.8% | 4.3% |
| ROIC | 12.1% | 12.1% | 13.7% | 9.9% | 17.9% | 28.6% | 15.2% | 22.5% | 34.5% | -4.8% | 10.9% |
| ROCE | 13.4% | 13.4% | 14.8% | 10.2% | 15.0% | 19.5% | 12.2% | 18.2% | 21.4% | -3.8% | 8.9% |
CAMT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Camtek Ltd. carries a Debt/EBITDA ratio of 4.1x, which is highly leveraged (38% above the sector average of 2.9x). Net debt stands at $342M ($520M total debt minus $178M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.84 | 0.84 | 0.38 | 0.42 | 0.52 | 0.67 | 0.01 | 0.01 | — | — | — |
| Debt / EBITDA | 4.05 | 4.05 | 1.74 | 2.83 | 2.33 | 2.68 | 0.06 | 0.07 | — | — | — |
| Net Debt / Equity | — | 0.55 | 0.15 | 0.17 | 0.13 | -0.15 | -0.46 | -0.27 | -0.54 | -0.52 | -0.27 |
| Net Debt / EBITDA | 2.67 | 2.67 | 0.68 | 1.14 | 0.60 | -0.60 | -4.20 | -1.51 | -2.50 | — | -2.30 |
| Debt / FCF | — | 2.68 | 0.72 | 1.14 | 1.03 | -0.78 | -4.47 | -1.56 | -3.78 | — | — |
| Interest Coverage | — | — | 120.96 | 50.55 | 81.61 | 165.97 | 151.96 | — | — | -244.15 | 2.91 |
CAMT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Camtek Ltd.'s current ratio of 8.35x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 7.31x 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 5.66x to 8.35x 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 | 8.35 | 8.35 | 5.00 | 5.66 | 6.29 | 5.80 | 4.56 | 4.67 | 3.04 | 3.28 | 2.71 |
| Quick Ratio | 7.31 | 7.31 | 4.11 | 4.77 | 5.55 | 5.14 | 3.87 | 3.92 | 2.27 | 2.51 | 1.90 |
| Cash Ratio | 6.22 | 6.22 | 3.13 | 3.66 | 4.52 | 4.44 | 3.10 | 2.83 | 1.40 | 1.57 | 0.63 |
| Asset Turnover | — | 0.39 | 0.48 | 0.40 | 0.47 | 0.46 | 0.54 | 0.78 | 0.87 | 0.83 | 1.04 |
| Inventory Turnover | 2.19 | 2.19 | 1.97 | 1.95 | 2.46 | 2.25 | 2.08 | 2.91 | 2.07 | 2.25 | 2.38 |
| Days Sales Outstanding | — | 66.83 | 97.11 | 115.01 | 99.17 | 82.45 | 101.82 | 91.69 | 98.04 | 92.77 | 79.34 |
CAMT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Camtek Ltd. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 0.5% (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 | — | — | 1.5% | — | — | — | — | 1.6% | 2.0% | 2.4% | — |
| Payout Ratio | — | — | 50.7% | — | — | — | — | 29.8% | 27.0% | 35.8% | — |
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 | 0.5% | 1.0% | 3.0% | 2.3% | 7.6% | 2.9% | 2.5% | 5.0% | 7.5% | 6.8% | 4.0% |
| FCF Yield | 1.4% | 2.4% | 2.8% | 2.1% | 4.7% | 2.7% | 2.6% | 5.6% | 5.8% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 1.5% | 0.0% | 0.0% | 0.0% | 0.0% | 1.6% | 2.0% | 2.4% | 0.0% |
| Shares Outstanding | — | $50M | $49M | $49M | $48M | $45M | $40M | $38M | $37M | $36M | $35M |
Peer Comparison
Compare CAMT 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 |
|---|---|---|---|---|---|---|---|---|---|
 CAMTYou | $9B | 187.7 | 72.4 | 70.2 | 50.5% | 25.8% | 8.7% | 12.1% | 4.1 |
 ONTO | $17B | 120.1 | 84.2 | 55.4 | 49.7% | 13.2% | 6.8% | 5.7% | 0.1 |
 KLIC | $6B | 9999.0 | 420.4 | 66.2 | 42.5% | -0.5% | 0.0% | -0.3% | 2.6 |
 COHU | $3B | -43.6 | — | 303.8 | 34.5% | -13.3% | -9.0% | -5.7% | — |
 ACMR | $7B | 80.2 | 54.2 | — | 44.4% | 12.1% | 6.2% | 7.0% | 2.4 |
 ICHR | $3B | -64.0 | — | — | 9.3% | -4.1% | -7.7% | -3.9% | — |
 KLAC | $34B | 8.5 | 6.8 | 9.1 | 62.3% | 43.1% | 100.8% | 46.5% | 1.1 |
 AMAT | $490B | 71.3 | 58.3 | 86.0 | 48.7% | 29.2% | 35.5% | 32.9% | 0.8 |
 MKSI | $27B | 93.0 | 34.5 | 55.0 | 40.4% | 14.4% | 11.7% | 6.5% | 5.2 |
 FORM | $12B | 216.7 | 104.4 | 993.0 | 39.1% | 8.2% | 5.5% | 5.4% | 0.4 |
 NVMI | $18B | 72.3 | 68.6 | 83.9 | 57.6% | 28.8% | 23.1% | 12.8% | 3.1 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 27 years · Updated daily
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CAMT — Frequently Asked Questions
Quick answers to the most common questions about buying CAMT stock.
What is Camtek Ltd.'s P/E ratio?
Camtek Ltd.'s current P/E ratio is 187.7x. The historical average is 28.7x. This places it at the 100th percentile of its historical range.
What is Camtek Ltd.'s EV/EBITDA?
Camtek Ltd.'s current EV/EBITDA is 72.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.0x.
What is Camtek Ltd.'s ROE?
Camtek Ltd.'s return on equity (ROE) is 8.7%. The historical average is 7.4%.
Is CAMT stock overvalued?
Based on historical data, Camtek Ltd. is trading at a P/E of 187.7x. 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 Camtek Ltd.'s profit margins?
Camtek Ltd. has 50.5% gross margin and 25.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Camtek Ltd. have?
Camtek Ltd.'s Debt/EBITDA ratio is 4.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.