Fabrinet (FN) Financial Ratios
20 years of historical data (2006–2025) · Technology · Hardware, Equipment & Parts
EV/EBITDA
↑
63.60
↑+221% vs avg
5yr avg: 19.82
30Y Low4.5·High27.6
P/FCF
↑
117.79
↑+137% vs avg
5yr avg: 49.75
30Y Low12.9·High92.4
P/B Ratio
↑
12.43
↑+219% vs avg
5yr avg: 3.90
30Y Low1.4·High5.4
ROE
↑
17.8%
↓+4% vs avg
5yr avg: 17.1%
30Y Low-20%·High48%
Debt/EBITDA
↓
0.02
↓-74% vs avg
5yr avg: 0.09
30Y Low0.0·High1.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Fabrinet trades at 74.1x earnings, 205% above its 5-year average of 24.3x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 27.5x, the stock trades at a premium of 170%. On a free-cash-flow basis, the stock trades at 117.8x P/FCF, 137% above the 5-year average of 49.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $24.3B | $10.7B | $9.0B | $4.8B | $3.1B | $3.6B | $2.2B | $1.9B | $1.4B | $1.6B | $1.4B |
| Enterprise Value | $24.0B | $10.4B | $8.5B | $4.6B | $2.9B | $3.3B | $2.1B | $1.7B | $1.3B | $1.6B | $1.3B |
| P/E Ratio → | 74.06 | 32.24 | 30.22 | 19.30 | 15.52 | 24.12 | 19.72 | 15.38 | 16.69 | 16.60 | 22.10 |
| P/S Ratio | 7.12 | 3.14 | 3.10 | 1.81 | 1.38 | 1.90 | 1.36 | 1.17 | 1.02 | 1.14 | 1.40 |
| P/B Ratio | 12.43 | 5.41 | 5.13 | 3.26 | 2.48 | 3.22 | 2.29 | 2.15 | 1.89 | 2.37 | 2.47 |
| P/FCF | 117.79 | 51.91 | 24.48 | 31.69 | 92.43 | 48.24 | 20.86 | 14.47 | 13.67 | 1786.25 | 224.63 |
| P/OCF | 74.09 | 32.65 | 21.66 | 22.44 | 25.04 | 29.30 | 14.84 | 12.61 | 10.16 | 22.76 | 29.07 |
P/E links to full P/E history page with 30-year chart
FN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Fabrinet's enterprise value stands at 63.6x EBITDA, 221% above its 5-year average of 19.8x. The Technology sector median is 17.4x, placing the stock at a 266% 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 | — | 3.05 | 2.97 | 1.73 | 1.30 | 1.77 | 1.26 | 1.10 | 0.95 | 1.09 | 1.32 |
| EV / EBITDA | 63.60 | 27.59 | 26.17 | 15.46 | 12.11 | 17.76 | 13.96 | 11.39 | 10.66 | 11.98 | 14.76 |
| EV / EBIT | 74.07 | 29.35 | 27.45 | 17.47 | 14.20 | 21.91 | 16.92 | 13.21 | 14.30 | 14.49 | 18.44 |
| EV / FCF | — | 50.47 | 23.38 | 30.25 | 87.48 | 44.78 | 19.31 | 13.53 | 12.76 | 1718.38 | 211.21 |
FN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Fabrinet earns an operating margin of 9.5%. ROE of 17.8% indicates solid capital efficiency. ROIC of 16.1% 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 | 12.1% | 12.1% | 12.4% | 12.7% | 12.3% | 11.8% | 11.3% | 11.3% | 11.2% | 12.1% | 12.2% |
| Operating Margin | 9.5% | 9.5% | 9.6% | 9.5% | 9.0% | 8.0% | 7.2% | 7.7% | 6.8% | 7.5% | 7.1% |
| Net Profit Margin | 9.7% | 9.7% | 10.3% | 9.4% | 8.9% | 7.9% | 6.9% | 7.6% | 6.1% | 6.8% | 6.3% |
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 | 17.8% | 17.8% | 18.4% | 18.2% | 16.9% | 14.2% | 12.4% | 15.1% | 11.8% | 15.7% | 12.0% |
| ROA | 12.9% | 12.9% | 13.7% | 13.0% | 11.6% | 9.9% | 8.6% | 10.3% | 7.9% | 10.3% | 8.1% |
| ROIC | 16.1% | 16.1% | 16.0% | 16.2% | 15.8% | 13.6% | 11.3% | 13.2% | 11.1% | 14.5% | 11.9% |
| ROCE | 17.1% | 17.1% | 16.9% | 18.0% | 16.6% | 13.6% | 11.8% | 13.9% | 12.2% | 16.0% | 12.8% |
FN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Fabrinet carries a Debt/EBITDA ratio of 0.0x, which is very conservative (99% below the sector average of 2.9x). The company holds a net cash position — cash of $306M exceeds total debt of $9M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.04 | 0.06 | 0.07 | 0.09 | 0.11 | 0.11 |
| Debt / EBITDA | 0.02 | 0.02 | 0.03 | 0.05 | 0.13 | 0.25 | 0.40 | 0.40 | 0.53 | 0.56 | 0.70 |
| Net Debt / Equity | — | -0.15 | -0.23 | -0.15 | -0.13 | -0.23 | -0.17 | -0.14 | -0.13 | -0.09 | -0.15 |
| Net Debt / EBITDA | -0.79 | -0.79 | -1.23 | -0.74 | -0.69 | -1.37 | -1.12 | -0.79 | -0.76 | -0.47 | -0.94 |
| Debt / FCF | — | -1.44 | -1.10 | -1.44 | -4.96 | -3.46 | -1.55 | -0.93 | -0.91 | -67.87 | -13.43 |
| Interest Coverage | — | — | 2511.92 | 177.70 | 480.09 | 137.80 | 40.17 | 24.46 | 25.41 | 32.27 | 44.49 |
Net cash position: cash ($306M) exceeds total debt ($9M)
FN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Fabrinet's current ratio of 3.00x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.28x 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 3.43x to 3.00x 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 | 3.00 | 3.00 | 3.61 | 3.43 | 2.83 | 3.04 | 3.40 | 3.27 | 3.16 | 2.57 | 2.63 |
| Quick Ratio | 2.28 | 2.28 | 2.78 | 2.35 | 1.80 | 2.09 | 2.47 | 2.33 | 2.21 | 1.80 | 1.92 |
| Cash Ratio | 1.15 | 1.15 | 1.54 | 1.14 | 0.89 | 1.23 | 1.46 | 1.40 | 1.23 | 0.92 | 1.11 |
| Asset Turnover | — | 1.21 | 1.23 | 1.34 | 1.23 | 1.16 | 1.19 | 1.26 | 1.26 | 1.38 | 1.14 |
| Inventory Turnover | 5.17 | 5.17 | 5.46 | 4.44 | 3.56 | 3.93 | 4.70 | 4.79 | 4.73 | 5.23 | 4.72 |
| Days Sales Outstanding | — | 81.01 | 75.01 | 73.38 | 73.04 | 67.67 | 68.97 | 62.91 | 65.69 | 67.93 | 73.30 |
FN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Fabrinet returns 0.5% to shareholders annually primarily through share buybacks. 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.
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | 1.4% | 3.1% | 3.3% | 5.2% | 6.4% | 4.1% | 5.1% | 6.5% | 6.0% | 6.0% | 4.5% |
| FCF Yield | 0.8% | 1.9% | 4.1% | 3.2% | 1.1% | 2.1% | 4.8% | 6.9% | 7.3% | 0.1% | 0.4% |
| Buyback Yield | 0.5% | 1.2% | 0.4% | 1.0% | 1.9% | 0.5% | 0.9% | 0.3% | 3.0% | 0.1% | 0.0% |
| Total Shareholder Yield | 0.5% | 1.2% | 0.4% | 1.0% | 1.9% | 0.5% | 0.9% | 0.3% | 3.0% | 0.1% | 0.0% |
| Shares Outstanding | — | $36M | $37M | $37M | $37M | $38M | $38M | $37M | $38M | $38M | $37M |
Peer Comparison
Compare FN 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 |
|---|---|---|---|---|---|---|---|---|---|
 FNYou | $24B | 74.1 | 63.6 | 117.8 | 12.1% | 9.5% | 17.8% | 16.1% | 0.0 |
 FLEX | $50B | 63.9 | 30.1 | 46.4 | 8.4% | 4.5% | 16.2% | 13.0% | 2.4 |
 JBL | $40B | 62.9 | 22.3 | 34.1 | 8.9% | 4.0% | 40.4% | 30.9% | 1.8 |
 CLS | $48B | 56.8 | 37.8 | 102.0 | 11.7% | 8.6% | 41.2% | 34.0% | 0.7 |
 BHE | $3B | 127.4 | 21.0 | 36.4 | 10.0% | 4.0% | 2.2% | 6.7% | 2.7 |
 PLXS | $7B | 42.3 | 24.9 | 46.1 | 10.1% | 5.0% | 12.4% | 11.8% | 0.6 |
 LITE | $67B | 2552.1 | 907.4 | — | 28.0% | -10.9% | 2.5% | -4.3% | 34.0 |
 AAOI | $14B | -279.0 | — | — | 30.0% | -12.0% | -7.9% | -7.9% | — |
 IPGP | $4B | 139.6 | 49.1 | — | 38.0% | 1.3% | 1.5% | 0.6% | — |
 VIAV | $12B | 353.3 | 93.8 | 197.8 | 56.8% | 6.5% | 4.8% | 5.5% | 5.2 |
 CSCO | $363B | 35.9 | 26.2 | 27.3 | 64.9% | 20.8% | 22.1% | 13.0% | 2.0 |
| Technology Median | — | 27.5 | 17.4 | 19.8 | 48.6% | -0.5% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonFN — Frequently Asked Questions
Quick answers to the most common questions about buying FN stock.
What is Fabrinet's P/E ratio?
Fabrinet's current P/E ratio is 74.1x. The historical average is 17.5x. This places it at the 100th percentile of its historical range.
What is Fabrinet's EV/EBITDA?
Fabrinet's current EV/EBITDA is 63.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.0x.
What is Fabrinet's ROE?
Fabrinet's return on equity (ROE) is 17.8%. The historical average is 17.8%.
Is FN stock overvalued?
Based on historical data, Fabrinet is trading at a P/E of 74.1x. 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 Fabrinet's profit margins?
Fabrinet has 12.1% gross margin and 9.5% operating margin.
How much debt does Fabrinet have?
Fabrinet's Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.