Cohu, Inc. (COHU) Financial Ratios
30 years of historical data (1996–2025) · Technology · Semiconductors
EV/EBITDA
↑
N/A
—
5yr avg: 10.45
30Y Low4.0·High32.5
P/FCF
↑
217.20
↑+444% vs avg
5yr avg: 39.89
30Y Low8.7·High198.0
P/B Ratio
↓
2.95
↑+75% vs avg
5yr avg: 1.69
30Y Low0.9·High3.9
ROE
↓
-9.0%
↑-316% vs avg
5yr avg: 4.2%
30Y Low-14%·High29%
Debt/EBITDA
↑
N/A
—
5yr avg: 0.60
30Y Low0.2·High6.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
COHU Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cohu, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 217.2x P/FCF, 444% above the 5-year average of 39.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.3B | $1.1B | $1.3B | $1.7B | $1.6B | $1.8B | $1.6B | $940M | $511M | $635M | $382M |
| Enterprise Value | $2.5B | $1.2B | $1.1B | $1.5B | $1.4B | $1.7B | $1.8B | $1.2B | $699M | $509M | $286M |
| P/E Ratio → | -31.21 | — | — | 59.98 | 16.19 | 11.02 | — | — | — | 19.25 | 126.36 |
| P/S Ratio | 5.15 | 2.42 | 3.13 | 2.67 | 1.92 | 2.08 | 2.55 | 1.61 | 1.13 | 1.80 | 1.35 |
| P/B Ratio | 2.95 | 1.40 | 1.47 | 1.79 | 1.68 | 2.09 | 3.17 | 1.95 | 0.94 | 2.20 | 1.62 |
| P/FCF | 217.20 | 102.25 | — | 19.90 | 15.94 | 21.49 | 52.19 | — | 17.33 | 18.86 | 18.11 |
| P/OCF | 73.57 | 34.63 | 453.04 | 16.75 | 13.86 | 18.85 | 32.61 | 54.46 | 14.83 | 15.97 | 15.56 |
P/E links to full P/E history page with 30-year chart
COHU EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.72 | 2.67 | 2.38 | 1.75 | 1.91 | 2.86 | 2.00 | 1.55 | 1.44 | 1.01 |
| EV / EBITDA | — | — | — | 16.27 | 8.30 | 6.78 | 32.46 | 178.39 | — | 10.86 | 21.25 |
| EV / EBIT | — | — | — | 32.03 | 11.33 | 12.85 | 85.09 | — | 87.64 | 13.50 | 52.53 |
| EV / FCF | — | 114.58 | — | 17.71 | 14.53 | 19.79 | 58.51 | — | 23.72 | 15.13 | 13.55 |
COHU Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cohu, Inc. earns an operating margin of -13.3%. Operating margins have compressed from 6.8% to -13.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -9.0% indicates the company is currently destroying shareholder equity.
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 | 34.5% | 34.5% | 44.8% | 47.6% | 47.1% | 43.6% | 43.3% | 39.4% | 39.5% | 40.7% | 35.4% |
| Operating Margin | -13.3% | -13.3% | -17.8% | 6.8% | 15.4% | 22.7% | 0.5% | -9.0% | -6.6% | 10.7% | 1.1% |
| Net Profit Margin | -16.4% | -16.4% | -17.4% | 4.4% | 11.9% | 18.9% | -2.2% | -11.9% | -7.1% | 9.3% | 1.1% |
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 | -9.0% | -9.0% | -7.7% | 3.0% | 10.7% | 24.0% | -2.8% | -13.5% | -7.7% | 12.5% | 1.3% |
| ROA | -6.6% | -6.6% | -6.5% | 2.4% | 7.8% | 14.2% | -1.3% | -6.3% | -4.1% | 8.6% | 0.9% |
| ROIC | -5.7% | -5.7% | -7.5% | 4.2% | 12.3% | 20.9% | 0.3% | -5.4% | -5.0% | 18.7% | 1.7% |
| ROCE | -5.9% | -5.9% | -7.3% | 4.1% | 11.8% | 20.3% | 0.4% | -5.5% | -4.6% | 12.3% | 1.1% |
COHU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $132M ($359M total debt minus $227M 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 | 0.46 | 0.46 | 0.02 | 0.06 | 0.11 | 0.16 | 0.67 | 0.79 | 0.65 | 0.03 | — |
| Debt / EBITDA | — | — | — | 0.63 | 0.60 | 0.58 | 6.17 | 58.37 | — | 0.19 | — |
| Net Debt / Equity | — | 0.17 | -0.22 | -0.20 | -0.15 | -0.16 | 0.38 | 0.47 | 0.35 | -0.43 | -0.41 |
| Net Debt / EBITDA | — | — | — | -2.01 | -0.81 | -0.58 | 3.51 | 34.65 | — | -2.67 | -7.14 |
| Debt / FCF | — | 12.34 | — | -2.18 | -1.42 | -1.70 | 6.32 | — | 6.39 | -3.72 | -4.55 |
| Interest Coverage | -29.42 | -29.42 | -116.33 | 13.97 | 30.10 | 20.59 | 1.55 | -2.51 | 1.60 | 698.61 | — |
COHU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Cohu, Inc.'s current ratio of 6.88x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 5.69x 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 6.18x to 6.88x 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 | 6.88 | 6.88 | 6.27 | 6.18 | 4.75 | 3.90 | 2.78 | 2.95 | 3.02 | 3.49 | 3.57 |
| Quick Ratio | 5.69 | 5.69 | 4.61 | 4.67 | 3.70 | 3.06 | 1.96 | 2.08 | 2.15 | 2.76 | 2.91 |
| Cash Ratio | 4.44 | 4.44 | 3.08 | 3.25 | 2.40 | 1.97 | 0.97 | 1.05 | 1.03 | 1.83 | 1.86 |
| Asset Turnover | — | 0.36 | 0.40 | 0.55 | 0.66 | 0.70 | 0.58 | 0.54 | 0.40 | 0.84 | 0.82 |
| Inventory Turnover | 2.30 | 2.30 | 1.56 | 2.14 | 2.53 | 3.11 | 2.53 | 2.70 | 1.96 | 3.37 | 4.00 |
| Days Sales Outstanding | — | 87.64 | 83.23 | 71.49 | 79.10 | 79.35 | 87.19 | 80.04 | 120.61 | 73.60 | 81.54 |
COHU Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cohu, Inc. returns 0.3% to shareholders annually primarily through share buybacks.
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 | — | — | — | — | — | — | 0.3% | 1.0% | 1.4% | 1.0% | 1.7% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 20.0% | 209.0% |
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 | — | — | — | 1.7% | 6.2% | 9.1% | — | — | — | 5.2% | 0.8% |
| FCF Yield | 0.5% | 1.0% | — | 5.0% | 6.3% | 4.7% | 1.9% | — | 5.8% | 5.3% | 5.5% |
| Buyback Yield | 0.3% | 0.7% | 2.1% | 1.4% | 3.2% | 0.4% | 0.0% | 0.0% | 1.8% | 0.0% | 0.1% |
| Total Shareholder Yield | 0.3% | 0.7% | 2.1% | 1.4% | 3.2% | 0.4% | 0.3% | 1.0% | 3.1% | 1.0% | 1.8% |
| Shares Outstanding | — | $47M | $47M | $48M | $49M | $48M | $42M | $41M | $32M | $29M | $27M |
Peer Comparison
Compare COHU 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 |
|---|---|---|---|---|---|---|---|---|---|
 COHUYou | $2B | -31.2 | — | 217.2 | 34.5% | -13.3% | -9.0% | -5.7% | — |
 FORM | $12B | 216.1 | 104.1 | 990.2 | 39.1% | 8.2% | 5.5% | 5.4% | 0.4 |
 ACLS | $6B | 45.0 | 39.7 | 51.8 | 44.9% | 14.2% | 11.7% | 9.6% | 0.3 |
 ICHR | $3B | -47.1 | — | — | 9.3% | -4.1% | -7.7% | -3.9% | — |
 ONTO | $15B | 105.8 | 73.9 | 48.8 | 49.7% | 13.2% | 6.8% | 5.7% | 0.1 |
 KLIC | $5B | 9999.0 | — | 50.9 | 46.8% | -5.3% | 0.0% | -3.7% | — |
 AEHR | $3B | -744.1 | — | — | 40.6% | -7.3% | -3.2% | -3.0% | — |
 XCUR | $22M | -2.1 | — | — | 100.0% | -2446.4% | -197.9% | -202.1% | — |
 NPKI | $1B | 37.4 | 18.8 | 50.5 | 35.6% | 16.9% | 10.6% | 9.9% | 0.5 |
 TRMK | $3B | 12.1 | 9.5 | 11.4 | 71.0% | 25.5% | 11.0% | 7.1% | 3.4 |
 TER | $60B | 110.0 | 73.2 | 133.1 | 58.6% | 21.7% | 19.7% | 19.8% | 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 →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonCOHU — Frequently Asked Questions
Quick answers to the most common questions about buying COHU stock.
What is Cohu, Inc.'s P/E ratio?
Cohu, Inc.'s current P/E ratio is -31.2x. The historical average is 30.8x.
What is Cohu, Inc.'s ROE?
Cohu, Inc.'s return on equity (ROE) is -9.0%. The historical average is 4.3%.
Is COHU stock overvalued?
Based on historical data, Cohu, Inc. is trading at a P/E of -31.2x. Compare with industry peers and growth rates for a complete picture.
What are Cohu, Inc.'s profit margins?
Cohu, Inc. has 34.5% gross margin and -13.3% operating margin.