26 years of historical data (1999–2024) · 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
Camtek Ltd. trades at 69.2x earnings, 110% above its 5-year average of 32.9x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a premium of 174%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.2B | $4.0B | $3.4B | $1.1B | $2.1B | $885M | $416M | $249M | $206M | $116M | $72M |
| Enterprise Value | $7.3B | $4.1B | $3.5B | $1.1B | $2.0B | $780M | $380M | $194M | $162M | $97M | $42M |
| P/E Ratio → | 69.17 | 33.38 | 43.09 | 13.23 | 34.36 | 40.57 | 20.06 | 13.27 | 14.67 | 25.31 | — |
| P/S Ratio | — | 9.29 | 10.75 | 3.30 | 7.69 | 5.68 | 3.11 | 2.02 | 2.20 | 1.06 | 0.73 |
| P/B Ratio | 15.05 | 7.26 | 7.12 | 2.76 | 7.06 | 3.89 | 3.05 | 2.45 | 2.44 | 1.59 | 1.06 |
| P/FCF | — | 35.56 | 47.60 | 21.35 | 36.44 | 37.90 | 17.81 | 17.10 | — | — | — |
| P/OCF | — | 32.62 | 42.74 | 18.32 | 34.01 | 34.35 | 16.90 | 14.82 | 125.82 | — | 41.36 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.48 | 11.01 | 3.46 | 7.52 | 5.01 | 2.83 | 1.57 | 1.73 | 0.88 | 0.42 |
| EV / EBITDA | — | 34.26 | 48.76 | 12.97 | 27.53 | 31.38 | 15.75 | 8.81 | — | 11.27 | — |
| EV / EBIT | — | 30.74 | 39.12 | 12.44 | 28.04 | 33.12 | 17.28 | 9.68 | — | 33.43 | — |
| EV / FCF | — | 36.28 | 48.74 | 22.39 | 35.66 | 33.42 | 16.25 | 13.32 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Camtek Ltd. earns an operating margin of 25.2%. ROE of 23.1% indicates solid capital efficiency. ROIC of 13.7% 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 | 48.9% | 48.9% | 46.8% | 49.8% | 50.9% | 47.0% | 48.3% | 49.4% | 48.7% | 44.6% | 43.4% |
| Operating Margin | 25.2% | 25.2% | 20.7% | 25.4% | 26.3% | 14.5% | 16.4% | 16.3% | -3.2% | 6.0% | -10.1% |
| Net Profit Margin | 27.6% | 27.6% | 24.9% | 24.9% | 22.4% | 14.0% | 16.4% | 15.2% | 14.9% | 4.3% | -10.2% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.1% | 23.1% | 18.3% | 23.6% | 23.1% | 12.0% | 18.5% | 20.2% | 17.7% | 6.7% | -15.1% |
| ROA | 14.1% | 14.1% | 10.7% | 12.7% | 13.8% | 9.5% | 14.1% | 14.7% | 12.8% | 4.3% | -9.5% |
| ROIC | 13.7% | 13.7% | 9.9% | 17.9% | 28.6% | 15.2% | 22.5% | 34.5% | -4.8% | 10.9% | -17.8% |
| ROCE | 14.8% | 14.8% | 10.2% | 15.0% | 19.5% | 12.2% | 18.2% | 21.4% | -3.8% | 8.9% | -13.9% |
Solvency and debt-coverage ratios — lower is generally safer
Camtek Ltd. carries a Debt/EBITDA ratio of 1.7x, which is manageable (41% below the sector average of 3.0x). Net debt stands at $81M ($207M total debt minus $126M cash). Interest coverage of 98.8x 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 | 0.38 | 0.38 | 0.42 | 0.52 | 0.67 | 0.01 | 0.01 | — | — | — | — |
| Debt / EBITDA | 1.74 | 1.74 | 2.83 | 2.33 | 2.68 | 0.06 | 0.07 | — | — | — | — |
| Net Debt / Equity | — | 0.15 | 0.17 | 0.13 | -0.15 | -0.46 | -0.27 | -0.54 | -0.52 | -0.27 | -0.45 |
| Net Debt / EBITDA | 0.68 | 0.68 | 1.14 | 0.60 | -0.60 | -4.20 | -1.51 | -2.50 | — | -2.30 | — |
| Debt / FCF | — | 0.72 | 1.14 | 1.03 | -0.78 | -4.47 | -1.56 | -3.78 | — | — | — |
| Interest Coverage | 98.78 | 98.78 | 37.27 | 74.50 | 162.61 | 145.96 | — | — | -233.62 | 6.66 | -5.36 |
Short-term solvency ratios and asset-utilisation metrics
Camtek Ltd.'s current ratio of 5.00x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 4.11x 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 6.29x to 5.00x 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 | 5.00 | 5.00 | 5.66 | 6.29 | 5.80 | 4.56 | 4.67 | 3.04 | 3.28 | 2.71 | 2.25 |
| Quick Ratio | 4.11 | 4.11 | 4.77 | 5.55 | 5.14 | 3.87 | 3.92 | 2.27 | 2.51 | 1.90 | 1.60 |
| Cash Ratio | 3.13 | 3.13 | 3.66 | 4.52 | 4.44 | 3.10 | 2.83 | 1.40 | 1.57 | 0.63 | 0.73 |
| Asset Turnover | — | 0.48 | 0.40 | 0.47 | 0.46 | 0.54 | 0.78 | 0.87 | 0.83 | 1.04 | 0.85 |
| Inventory Turnover | 1.97 | 1.97 | 1.95 | 2.46 | 2.25 | 2.08 | 2.91 | 2.07 | 2.25 | 2.38 | 2.03 |
| Days Sales Outstanding | — | 97.11 | 115.01 | 99.17 | 82.45 | 101.82 | 91.69 | 98.04 | 92.77 | 79.34 | 101.34 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Camtek Ltd. pays a dividend yield of 0.7%. A payout ratio of 50.7% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 1.4% (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 | 0.7% | 1.5% | — | — | — | — | 1.6% | 2.0% | 2.4% | — | — |
| Payout Ratio | 50.7% | 50.7% | — | — | — | — | 29.8% | 27.0% | 35.8% | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.4% | 3.0% | 2.3% | 7.6% | 2.9% | 2.5% | 5.0% | 7.5% | 6.8% | 4.0% | — |
| FCF Yield | — | 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% |
| Total Shareholder Yield | — | 1.5% | 0.0% | 0.0% | 0.0% | 0.0% | 1.6% | 2.0% | 2.4% | 0.0% | 0.0% |
| Shares Outstanding | — | $49M | $49M | $48M | $45M | $40M | $38M | $37M | $36M | $35M | $33M |
Compare CAMT with 8 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| CAMTYou | $7B | 69.2 | — | — | 48.9% | 25.2% | 23.1% | 13.7% | 1.7 |
| KLAC | $201B | 50.2 | 36.4 | 53.8 | 62.3% | 43.1% | 100.8% | 46.5% | 1.1 |
| TER | $50B | 92.0 | 61.2 | 111.3 | 58.6% | 21.7% | 19.7% | 19.8% | 0.4 |
| NVMI | $13B | 76.3 | 63.1 | 58.9 | 57.6% | 27.9% | 21.9% | 14.9% | 1.2 |
| ONTO | $11B | 53.2 | 41.8 | 49.7 | 52.2% | 19.0% | 11.0% | 8.6% | 0.1 |
| FORM | $8B | 111.1 | 76.5 | 96.4 | 40.3% | 8.5% | 7.5% | 6.2% | 0.4 |
| COHU | $1B | -19.0 | — | — | 34.1% | -12.9% | -9.0% | -6.6% | — |
| AEHR | $1B | -287.9 | — | — | 40.6% | -7.3% | -3.2% | -3.0% | — |
| INTT | $144M | 48.5 | 17.0 | 57.8 | 42.4% | 2.6% | 2.9% | 2.9% | 2.9 |
| 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 · 26 years · Updated daily
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Start ComparisonCamtek Ltd.'s current P/E ratio is 69.2x. The historical average is 24.1x. This places it at the 100th percentile of its historical range.
Camtek Ltd.'s return on equity (ROE) is 23.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 7.4%.
Based on historical data, Camtek Ltd. is trading at a P/E of 69.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Camtek Ltd.'s current dividend yield is 0.73% with a payout ratio of 50.7%.
Camtek Ltd. has 48.9% gross margin and 25.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Camtek Ltd.'s Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.