Latest Ratios: P/E Ratio 14.1x · EV/EBITDA 9.9x · ROE 20.3%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.7B | $7.5B | $5.5B | $5.2B | $6.3B | $5.0B | $5.1B | $4.0B | $2.6B | $2.7B | $4.0B |
| Enterprise Value | $5.1B | $6.8B | $5.1B | $4.8B | $6.0B | $4.8B | $4.8B | $3.8B | $2.4B | $2.4B | $3.7B |
| P/E Ratio → | 14.13 | 18.29 | 16.59 | 18.89 | 35.40 | 15.36 | 23.42 | 24.86 | 28.82 | 16.52 | 15.48 |
| P/S Ratio | 2.80 | 3.76 | 2.90 | 2.90 | 3.30 | 2.81 | 3.72 | 3.10 | 2.19 | 1.75 | 2.62 |
| P/B Ratio | 2.80 | 3.53 | 2.82 | 2.85 | 3.77 | 3.13 | 3.67 | 3.23 | 2.27 | 2.31 | 3.51 |
| P/FCF | 10.89 | 11.80 | 13.23 | 13.50 | 20.67 | 52.93 | 15.40 | 14.16 | 15.16 | 11.44 | 12.68 |
| P/OCF | 8.81 | 11.54 | 12.37 | 12.30 | 18.43 | 40.20 | 14.59 | 13.41 | 12.53 | 8.41 | 10.93 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.43 | 2.69 | 2.70 | 3.14 | 2.71 | 3.50 | 2.98 | 2.00 | 1.60 | 2.44 |
| EV / EBITDA | 9.87 | 13.35 | 11.06 | 12.35 | 18.59 | 11.26 | 17.33 | 15.80 | 13.15 | 7.11 | 9.85 |
| EV / EBIT | 11.00 | 13.75 | 11.47 | 13.26 | 23.29 | 13.05 | 19.46 | 20.95 | 24.77 | 9.18 | 11.76 |
| EV / FCF | — | 10.75 | 12.27 | 12.60 | 19.66 | 50.90 | 14.49 | 13.63 | 13.89 | 10.44 | 11.77 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.8% | 52.8% | 52.5% | 51.2% | 50.4% | 51.8% | 51.7% | 52.6% | 50.4% | 49.6% | 49.2% |
| Operating Margin | 23.0% | 23.0% | 21.6% | 19.2% | 13.1% | 20.6% | 17.3% | 13.5% | 8.5% | 17.1% | 20.6% |
| Net Profit Margin | 20.7% | 20.7% | 17.5% | 15.3% | 9.3% | 18.3% | 15.9% | 12.4% | 7.6% | 10.6% | 17.0% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.3% | 20.3% | 17.6% | 15.8% | 10.8% | 21.8% | 16.6% | 13.5% | 7.8% | 14.0% | 26.0% |
| ROA | 17.2% | 17.2% | 14.5% | 12.8% | 8.4% | 16.5% | 12.7% | 10.8% | 6.5% | 11.4% | 20.1% |
| ROIC | 22.9% | 22.9% | 20.4% | 18.2% | 13.5% | 22.0% | 16.4% | 13.0% | 8.2% | 22.0% | 27.8% |
| ROCE | 20.8% | 20.8% | 19.6% | 17.6% | 13.4% | 21.1% | 15.5% | 13.0% | 8.0% | 20.5% | 27.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.07 | 0.09 | 0.09 | 0.11 | 0.10 | 0.12 | — | — | 0.05 |
| Debt / EBITDA | 0.26 | 0.26 | 0.31 | 0.40 | 0.44 | 0.42 | 0.52 | 0.59 | — | — | 0.16 |
| Net Debt / Equity | — | -0.31 | -0.20 | -0.19 | -0.18 | -0.12 | -0.22 | -0.12 | -0.19 | -0.20 | -0.25 |
| Net Debt / EBITDA | -1.30 | -1.30 | -0.86 | -0.89 | -0.95 | -0.45 | -1.08 | -0.62 | -1.20 | -0.69 | -0.77 |
| Debt / FCF | — | -1.05 | -0.95 | -0.91 | -1.01 | -2.03 | -0.91 | -0.53 | -1.26 | -1.01 | -0.91 |
| Interest Coverage | 732.89 | 732.89 | 495.45 | 398.74 | 284.67 | 389.89 | 233.02 | 172.49 | 90.69 | 230.92 | 88.51 |
Net cash position: cash ($801M) exceeds total debt ($134M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.37 | 7.37 | 6.35 | 5.93 | 4.70 | 3.17 | 3.94 | 4.10 | 5.41 | 4.38 | 5.39 |
| Quick Ratio | 6.13 | 6.13 | 4.82 | 4.72 | 3.63 | 2.65 | 3.13 | 3.17 | 3.98 | 2.91 | 4.22 |
| Cash Ratio | 4.56 | 4.56 | 3.05 | 2.82 | 2.22 | 1.44 | 2.33 | 1.98 | 2.48 | 1.87 | 3.13 |
| Asset Turnover | — | 0.80 | 0.81 | 0.80 | 0.92 | 0.84 | 0.75 | 0.80 | 0.88 | 1.07 | 1.09 |
| Inventory Turnover | 3.92 | 3.92 | 3.01 | 3.84 | 4.03 | 6.20 | 3.82 | 4.14 | 3.57 | 3.75 | 4.65 |
| Days Sales Outstanding | — | 40.23 | 41.58 | 33.15 | 28.94 | 49.23 | 28.98 | 43.88 | 37.15 | 24.01 | 28.45 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.1% | 5.5% | 6.0% | 5.3% | 2.8% | 6.5% | 4.3% | 4.0% | 3.5% | 6.1% | 6.5% |
| FCF Yield | 9.2% | 8.5% | 7.6% | 7.4% | 4.8% | 1.9% | 6.5% | 7.1% | 6.6% | 8.7% | 7.9% |
| Buyback Yield | 5.5% | 4.2% | 5.4% | 4.0% | 3.3% | 3.8% | 2.5% | 3.5% | 6.7% | 7.2% | 0.7% |
| Total Shareholder Yield | 5.5% | 4.2% | 5.4% | 4.0% | 3.3% | 3.8% | 2.5% | 3.5% | 6.7% | 7.2% | 0.7% |
| Shares Outstanding | — | $52M | $55M | $56M | $57M | $59M | $60M | $60M | $62M | $66M | $67M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CRUS stock.
Cirrus Logic, Inc.'s current P/E ratio is 14.1x. The historical average is 21.4x. This places it at the 22th percentile of its historical range.
Cirrus Logic, Inc.'s current EV/EBITDA is 9.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.6x.
Cirrus Logic, Inc.'s return on equity (ROE) is 20.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 3.7%.
Based on historical data, Cirrus Logic, Inc. is trading at a P/E of 14.1x. This is at the 22th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Cirrus Logic, Inc. has 52.8% gross margin and 23.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Cirrus Logic, Inc.'s Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Single-customer revenue concentration
Metrics are mathematically derived from official filings.
Discounted Multiples Reflect Concentration Risk
Based on reported figures, CRUS trades at 14.49x trailing earnings and 9.88x EV/EBITDA, below profitable mixed-signal peers such as DIOD and POWI, where EV/EBITDA runs at 18.32x and 44.16x, suggesting the market applies a concentration discount to its earnings base.
The forward P/E of 12.53x and PEG of 0.87 imply that the market expects earnings to hold near current levels rather than compound rapidly, which fits a business whose revenue tracks a single OEM's launch cycle. The gap versus TI and ADI-type benchmarks appears structural rather than temporary, since it reflects customer dependence rather than a near-term earnings dip. Investors should monitor whether the PEG below 1.0 reflects genuine undervaluation or a rational price for lumpy, single-buyer earnings.
Stable Gross Margin Masks Operating Volatility
As reported in the income statement, CRUS gross margin held between 50.5% and 53.7% across ten quarters, while operating margin swung from 12.5% to 26.3%, indicating that operating leverage, not pricing power, drives most of the earnings variability.
The tight gross margin band points to a durable premium for specialized IP, but the wide operating margin range shows that opex and revenue timing absorb most of the swing. Net margin of 20.5% in 2027Q2 sits well above the 11.3% trough, yet the EPS miss against consensus suggests below-the-line pressure that the margin data alone does not fully explain. Net margin should be read alongside operating margin rather than as a standalone indicator of earning power.
Returns Oscillate Without a Clear Compounding Trend
Based on reported quarterly figures, CRUS ROIC ranged from 2.4% to 7.2% over ten quarters and ROE from 2.3% to 6.8%, with the latest quarter at 6.3% and 5.2%, showing returns that cycle with revenue rather than compound steadily.
Returns remain modest in absolute terms despite a debt-free balance sheet, because the large cash position and goodwill base of roughly $435.9M dilute the capital base against which profits are measured. The absence of a rising trend suggests the company is not yet compounding returns on invested capital. Investors should monitor whether ROIC can hold above 6% through a full product cycle.
Cash Strength Masks Customer Dependency
The headline cash balance of $720.1M may overstate durable financial flexibility, since reported liquidity rests on earnings that depend heavily on a single smartphone customer's purchasing cycle, a concentration the ratio set does not capture directly.
Current and quick ratios above 5x look conservative on paper, but they are struck at a point in time and do not reveal how quickly cash would be consumed if the lead customer shifted volume or paused orders. Standard leverage and liquidity ratios are often misapplied here because they treat the balance sheet as independent of revenue concentration. A customer-adjusted stress test, sizing working capital needs against a sharp quarterly revenue drop, would give a more reliable read on resilience than the headline ratios.
Liquidity Ample Under Any Reasonable Stress
Based on reported figures, CRUS current ratio of 6.41 and quick ratio of 5.22 in 2027Q2 imply current assets far exceed liabilities, with both ratios holding above 4.1 across all ten quarters.
Because quick ratio stays close to current ratio, inventory dependence is modest and the liquidity position does not rely on selling product to meet near-term obligations. Cash of $720.1M against debt near $128M leaves substantial headroom even if revenue contracts sharply for a period. The main liquidity question is not solvency but whether cash will be deployed productively, given heavy buyback activity.