FormFactor, Inc. (FORM) P/E Ratio History
ExpensiveTrading at 216.7x vs 5Y avg 50.1x · 100th percentile · Material premium to history · Data 2003–2026
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P/E Ratio Analysis
As of June 22, 2026, FormFactor, Inc. (FORM) trades at a price-to-earnings ratio of 216.7x, with a stock price of $149.55 and trailing twelve-month earnings per share of $0.86.
The current P/E is 332% above its 5-year average of 50.1x. Over the past five years, FORM's P/E has ranged from a low of 22.9x to a high of 116.5x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Technology sector median P/E of 29.0x, FORM trades at a 647% premium to its sector peers. The sector includes 352 companies with P/E ratios ranging from 0.0x to 187.7x.
Relative to the broader market, FORM commands a significant premium over the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our FORM DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
FORM Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
FORM P/E vs Peers
Semiconductor Test, Metrology and Inspection Equipment peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $17B | 120.1 | 3.47 | -32% | |
| $6B | 49.4Lowest | 2.34Best | -38% | |
| $9B | 187.7 | 13.40 | -57% | |
| $6B | 105.6 | 32.06 | -17% | |
| $27B | 93.0 | - | +56%Best | |
| $490B | 71.3 | 4.15 | +1% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
FORM Historical P/E Data (2003–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | Mar 28 2026 | $97.93 | $0.87 | 112.6x | +168% |
| FY2025 Q4 | Dec 27 2025 | $58.06 | $0.69 | 83.9x | +100% |
| FY2025 Q3 | Sep 27 2025 | $35.28 | $0.52 | 67.6x | +61% |
| FY2025 Q2 | Jun 28 2025 | $34.91 | $0.56 | 62.1x | +48% |
| FY2025 Q1 | Mar 29 2025 | $28.64 | $0.69 | 41.4x | -1% |
| FY2024 Q4 | - | $44.00 | $0.89 | 49.4x | +18% |
| FY2024 Q3 | Sep 28 2024 | $46.30 | $1.74 | 26.6x | -37% |
| FY2024 Q2 | Jun 29 2024 | $60.53 | $1.56 | 38.9x | -7% |
| FY2024 Q1 | Mar 30 2024 | $45.63 | $1.32 | 34.7x | -17% |
| FY2023 Q4 | Dec 31 2023 | $41.71 | $1.05 | 39.6x | -6% |
| FY2023 Q1 | Apr 01 2023 | $31.85 | $0.27 | 116.5x | +177% |
| FY2022 Q4 | Dec 31 2022 | $22.23 | $0.64 | 35.0x | -17% |
| FY2022 Q3 | Sep 24 2022 | $26.19 | $1.15 | 22.9x | -46% |
| FY2022 Q2 | Jun 25 2022 | $39.61 | $1.35 | 29.3x | -30% |
| FY2022 Q1 | Mar 26 2022 | $43.15 | $1.20 | 36.0x | -14% |
| FY2021 Q4 | Dec 31 2021 | $45.72 | $1.07 | 42.7x | +2% |
| FY2021 Q3 | Sep 25 2021 | $40.36 | $0.98 | 41.2x | -2% |
| FY2021 Q2 | Jun 26 2021 | $35.62 | $1.01 | 35.3x | -16% |
| FY2021 Q1 | Mar 27 2021 | $45.40 | $1.04 | 43.7x | +4% |
| FY2020 Q4 | - | $43.02 | $0.99 | 43.5x | +3% |
| FY2020 Q3 | Sep 26 2020 | $23.94 | $0.99 | 24.2x | -42% |
| FY2020 Q2 | Jun 27 2020 | $27.22 | $0.81 | 33.6x | -20% |
| FY2020 Q1 | Mar 28 2020 | $20.20 | $0.64 | 31.6x | -25% |
| FY2019 Q4 | - | $25.97 | $0.51 | 50.9x | +21% |
| FY2019 Q3 | Sep 28 2019 | $18.48 | $1.40 | 13.2x | -69% |
| FY2019 Q2 | Jun 29 2019 | $15.67 | $1.39 | 11.3x | -73% |
| FY2019 Q1 | Mar 30 2019 | $16.09 | $1.42 | 11.3x | -73% |
| FY2018 Q4 | Dec 31 2018 | $14.09 | $1.38 | 10.2x | -76% |
| FY2018 Q3 | Sep 29 2018 | $13.75 | $0.32 | 43.0x | +2% |
| FY2018 Q2 | Jun 30 2018 | $13.30 | $0.39 | 34.1x | -19% |
| FY2018 Q1 | Mar 31 2018 | $13.65 | $0.51 | 26.8x | -36% |
| FY2017 Q4 | Dec 31 2017 | $15.65 | $0.55 | 28.5x | -32% |
| FY2017 Q3 | Sep 30 2017 | $16.85 | $0.26 | 64.8x | +54% |
| FY2017 Q1 | Apr 01 2017 | $11.85 | $0.26 | 45.6x | +9% |
| FY2016 Q3 | Sep 24 2016 | $10.55 | $0.16 | 66.2x | +58% |
| FY2016 Q2 | Jun 25 2016 | $8.92 | $0.32 | 28.2x | -33% |
| FY2008 Q1 | Mar 29 2008 | $18.75 | $0.63 | 29.8x | -29% |
| FY2007 Q4 | Dec 31 2007 | $33.10 | $1.31 | 25.3x | -40% |
| FY2007 Q3 | Sep 29 2007 | $44.37 | $1.40 | 31.7x | -25% |
| FY2007 Q2 | Jun 30 2007 | $38.30 | $1.28 | 29.9x | -29% |
| FY2007 Q1 | Mar 31 2007 | $44.75 | $1.22 | 36.7x | -13% |
| FY2006 Q4 | Dec 31 2006 | $37.25 | $1.16 | 32.1x | -24% |
| FY2006 Q3 | Sep 30 2006 | $42.13 | $1.16 | 36.3x | -14% |
| FY2006 Q2 | Jul 01 2006 | $44.63 | $1.06 | 42.1x | +0% |
| FY2006 Q1 | Apr 01 2006 | $39.32 | $0.86 | 45.7x | +9% |
| FY2005 Q4 | Dec 31 2005 | $24.43 | $0.73 | 33.5x | -20% |
| FY2005 Q3 | Sep 24 2005 | $24.47 | $0.60 | 40.8x | -3% |
| FY2005 Q2 | Jun 25 2005 | $25.87 | $0.56 | 46.2x | +10% |
| FY2005 Q1 | Mar 26 2005 | $22.11 | $0.61 | 36.2x | -14% |
| FY2004 Q4 | Dec 31 2004 | $27.14 | $0.62 | 43.8x | +4% |
| FY2004 Q3 | Sep 25 2004 | $19.60 | $0.59 | 33.5x | -20% |
| FY2004 Q2 | Jun 26 2004 | $21.56 | $0.46 | 47.3x | +13% |
| FY2004 Q1 | Mar 27 2004 | $19.25 | $0.33 | 59.1x | +41% |
| FY2003 Q4 | Dec 31 2003 | $19.80 | $0.22 | 91.9x | +119% |
Average P/E for displayed period: 42.0x
Full Stock Analysis
Deep dive into FORM consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
23+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
FORM — Frequently Asked Questions
Quick answers to the most common questions about buying FORM stock.
What is FORM's P/E ratio?
FormFactor, Inc. (FORM) trailing twelve-month P/E ratio is 216.7x, based on TTM diluted EPS of $0.86. The 5-year average P/E is 50.1x and the historical range spans 22.9x to 116.5x.
Is FORM stock overvalued or undervalued?
FORM trades at 216.7x P/E, above its 5-year average of 50.1x. The 100th percentile ranking within the 22.9x–116.5x historical range indicates a premium to historical valuation.
Is FORM stock expensive?
Yes, FORM is expensive relative to its own history. The current P/E of 216.7x is above the 5-year average of 50.1x and also above the Technology sector median of 29.0x. The stock sits at the 100th percentile of its 5-year valuation range.
What is FORM's historical P/E range?
Over the past 5 years, FORM's P/E ratio has ranged from 22.9x to 116.5x, with a median of 41.4x and an average of 50.1x. The current P/E of 216.7x places the stock at the 100th percentile of this range. Full historical data spans 2003–2026.
How does FORM's P/E compare to the S&P 500?
FORM trades at 216.7x P/E versus the S&P 500 median of 24.4x. The 788% premium to the market typically reflects higher expected earnings growth or quality.
How does FORM's valuation compare to Technology peers?
FormFactor, Inc. P/E of 216.7x compares to the Technology sector median of 29.0x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is FORM's PEG ratio?
FORM PEG ratio is N/A, based on a P/E of 216.7x and EPS growth of -22.5%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is FORM's earnings yield?
FORM earnings yield is 0.46%, the inverse of its 216.7x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.