Credo Technology Group Holding Ltd (CRDO) Financial Ratios
6 years of historical data (2020–2025) · Technology · Communication Equipment
EV/EBITDA
600.05
↑+368% vs avg
5yr avg: 128.32
P/FCF
↑
1228.73
↑+470% vs avg
5yr avg: 215.47
30Y Low162.2·High162.2
P/B Ratio
↑
51.45
↑+730% vs avg
5yr avg: 6.20
30Y Low3.4·High11.4
ROE
↑
8.5%
↓+284% vs avg
5yr avg: -4.7%
30Y Low-16%·High9%
Debt/EBITDA
0.27
+0% vs avg
5yr avg: 0.27
30Y Low0.3·High0.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CRDO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Credo Technology Group Holding Ltd trades at 667.5x earnings, 350% above its 5-year average of 148.4x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 26.7x, the stock trades at a premium of 2397%. On a free-cash-flow basis, the stock trades at 1228.7x P/FCF, 470% above the 5-year average of 215.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $35.7B | $7.8B | $2.8B | $1.2B | $1.6B | — | — |
| Enterprise Value | $35.4B | $7.6B | $2.7B | $1.1B | $1.4B | — | — |
| P/E Ratio → | 667.48 | 148.45 | — | — | — | — | — |
| P/S Ratio | 81.64 | 17.86 | 14.36 | 6.45 | 15.04 | — | — |
| P/B Ratio | 51.45 | 11.44 | 5.13 | 3.42 | 4.79 | — | — |
| P/FCF | 1228.73 | 268.72 | 162.22 | — | — | — | — |
| P/OCF | 547.92 | 119.83 | 84.66 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
CRDO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Credo Technology Group Holding Ltd's enterprise value stands at 600.0x EBITDA, 368% above its 5-year average of 128.3x. The Technology sector median is 17.5x, placing the stock at a 3335% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 17.35 | 14.09 | 5.95 | 12.76 | — | — |
| EV / EBITDA | 600.05 | 128.32 | — | — | — | — | — |
| EV / EBIT | 954.64 | 199.45 | — | — | — | — | — |
| EV / FCF | — | 261.13 | 159.11 | — | — | — | — |
CRDO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Credo Technology Group Holding Ltd earns an operating margin of 8.5%. Operating margins have expanded from -11.5% to 8.5% over the past 3 years, signaling improving operational efficiency. ROE of 8.5% is modest. ROIC of 5.9% represents adequate 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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 64.8% | 64.8% | 61.9% | 57.7% | 60.1% | 65.2% | 85.6% |
| Operating Margin | 8.5% | 8.5% | -19.2% | -11.5% | -20.6% | -43.0% | 3.8% |
| Net Profit Margin | 11.9% | 11.9% | -14.7% | -9.0% | -20.8% | -46.9% | 2.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | 8.5% | 8.5% | -6.4% | -4.9% | -15.9% | — | — |
| ROA | 7.4% | 7.4% | -5.7% | -4.3% | -8.3% | -20.9% | 1.2% |
| ROIC | 5.9% | 5.9% | -7.5% | -9.2% | -17.9% | — | — |
| ROCE | 5.9% | 5.9% | -8.0% | -5.9% | -8.9% | -21.7% | 2.3% |
CRDO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Credo Technology Group Holding Ltd carries a Debt/EBITDA ratio of 0.3x, which is very conservative (91% below the sector average of 2.9x). The company holds a net cash position — cash of $236M exceeds total debt of $16M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | 0.03 | 0.04 | 0.05 | — | — |
| Debt / EBITDA | 0.27 | 0.27 | — | — | — | — | — |
| Net Debt / Equity | — | -0.32 | -0.10 | -0.27 | -0.72 | — | — |
| Net Debt / EBITDA | -3.73 | -3.73 | — | — | — | — | -19.03 |
| Debt / FCF | — | -7.59 | -3.11 | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | — |
Net cash position: cash ($236M) exceeds total debt ($16M)
CRDO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Credo Technology Group Holding Ltd's current ratio of 6.62x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 5.79x 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 10.58x to 6.62x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 6.62 | 6.62 | 11.88 | 10.58 | 12.54 | 11.00 | 5.16 |
| Quick Ratio | 5.79 | 5.79 | 11.30 | 9.09 | 11.50 | 10.43 | 5.04 |
| Cash Ratio | 4.00 | 4.00 | 9.19 | 7.02 | 9.79 | 8.28 | 3.98 |
| Asset Turnover | — | 0.54 | 0.32 | 0.46 | 0.28 | 0.38 | 0.50 |
| Inventory Turnover | 1.71 | 1.71 | 2.84 | 1.69 | 1.55 | 2.87 | 3.40 |
| Days Sales Outstanding | — | 135.50 | 153.63 | 116.89 | 135.73 | 113.22 | 122.30 |
CRDO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Credo Technology Group Holding Ltd does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 0.1% (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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.1% | 0.7% | — | — | — | — | — |
| FCF Yield | 0.1% | 0.4% | 0.6% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $181M | $155M | $147M | $145M | $140M | $73M |
Peer Comparison
Compare CRDO 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 |
|---|---|---|---|---|---|---|---|---|---|
 CRDOYou | $36B | 667.5 | 600.0 | 1228.7 | 64.8% | 8.5% | 8.5% | 5.9% | 0.3 |
 MRVL | $146B | 55.0 | 111.9 | 104.7 | 51.0% | 16.1% | 19.3% | 6.0% | 3.4 |
 MTSI | $23B | -415.8 | 120.2 | 118.1 | 54.9% | 13.4% | -4.4% | 6.0% | 2.8 |
 CIEN | $77B | 640.9 | 171.9 | 115.8 | 41.5% | 6.5% | 4.4% | 6.9% | 3.5 |
 LITE | $71B | 2688.0 | 954.3 | — | 28.0% | -10.9% | 2.5% | -4.3% | 34.0 |
 AVGO | $2.0T | 89.6 | 60.6 | 75.3 | 67.8% | 39.9% | 31.0% | 14.9% | 1.9 |
 SLAB | $7B | -110.2 | — | 109.3 | 58.2% | -9.0% | -6.0% | -6.9% | — |
 MPWR | $78B | 124.6 | 98.7 | 117.1 | 55.2% | 26.1% | 18.4% | 22.2% | 0.0 |
 ALGM | $9B | -127.4 | 211.4 | 419.1 | 44.3% | -2.7% | -7.1% | -1.3% | 8.2 |
 NVDA | $4.8T | 40.1 | 35.9 | 49.4 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
 AMD | $579B | 134.1 | 86.3 | 86.0 | 49.5% | 10.7% | 7.2% | 4.7% | 0.7 |
| Technology Median | — | 26.7 | 17.5 | 19.5 | 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 ComparisonCRDO — Frequently Asked Questions
Quick answers to the most common questions about buying CRDO stock.
What is Credo Technology Group Holding Ltd's P/E ratio?
Credo Technology Group Holding Ltd's current P/E ratio is 667.5x. The historical average is 148.4x. This places it at the 100th percentile of its historical range.
What is Credo Technology Group Holding Ltd's EV/EBITDA?
Credo Technology Group Holding Ltd's current EV/EBITDA is 600.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
What is Credo Technology Group Holding Ltd's ROE?
Credo Technology Group Holding Ltd's return on equity (ROE) is 8.5%. The historical average is -4.7%.
Is CRDO stock overvalued?
Based on historical data, Credo Technology Group Holding Ltd is trading at a P/E of 667.5x. 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 Credo Technology Group Holding Ltd's profit margins?
Credo Technology Group Holding Ltd has 64.8% gross margin and 8.5% operating margin.
How much debt does Credo Technology Group Holding Ltd have?
Credo Technology Group Holding Ltd's Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.