Immersion Corporation (IMMR) Financial Ratios
27 years of historical data (1998–2024) · Technology · Software - Application
EV/EBITDA
↓
2.99
↓-84% vs avg
5yr avg: 18.30
30Y Low2.5·High78.8
P/FCF
↑
N/A
—
5yr avg: 9.21
30Y Low4.0·High127.6
P/B Ratio
↓
0.39
↓-80% vs avg
5yr avg: 1.91
30Y Low0.5·High21.3
ROE
↑
24.1%
↓+43% vs avg
5yr avg: 16.8%
30Y Low-267%·High197%
Debt/EBITDA
↑
2.09
↑+317% vs avg
5yr avg: 0.50
30Y Low0.0·High2.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
IMMR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Immersion Corporation trades at 1.6x earnings, 91% below its 5-year average of 18.1x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a discount of 94%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $217M | $289M | $230M | $236M | $181M | $322M | $234M | $281M | $206M | $306M | $338M |
| Enterprise Value | $462M | $533M | $174M | $187M | $131M | $263M | $149M | $170M | $181M | $249M | $313M |
| P/E Ratio → | 1.63 | 2.12 | 6.79 | 7.64 | 14.64 | 59.42 | — | 5.18 | — | — | 116.60 |
| P/S Ratio | 0.18 | 0.23 | 6.77 | 6.12 | 5.17 | 10.56 | 6.52 | 2.54 | 5.88 | 5.36 | 5.34 |
| P/B Ratio | 0.39 | 0.51 | 1.25 | 1.49 | 1.28 | 5.03 | 2.80 | 2.82 | 21.33 | 5.52 | 3.91 |
| P/FCF | — | — | 11.15 | 5.87 | 10.60 | — | — | 4.03 | — | 14.09 | 60.25 |
| P/OCF | — | — | 11.15 | 5.87 | 10.40 | 14613.88 | — | 4.02 | — | 13.87 | 33.68 |
P/E links to full P/E history page with 30-year chart
IMMR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Immersion Corporation's enterprise value stands at 3.0x EBITDA, 84% below its 5-year average of 18.3x. The Technology sector median is 16.7x, placing the stock at a 82% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.43 | 5.12 | 4.87 | 3.73 | 8.65 | 4.14 | 1.54 | 5.18 | 4.36 | 4.94 |
| EV / EBITDA | 2.99 | 3.46 | 9.65 | 7.62 | 7.33 | 63.45 | — | 3.16 | — | — | 66.11 |
| EV / EBIT | 3.48 | 3.26 | 9.69 | 7.67 | 7.37 | 118.63 | — | 3.21 | — | — | 66.39 |
| EV / FCF | — | — | 8.43 | 4.67 | 7.66 | — | — | 2.44 | — | 11.47 | 55.80 |
IMMR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Immersion Corporation earns an operating margin of 10.7%. Operating margins have compressed from 63.5% to 10.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 24.1% indicates solid capital efficiency. ROIC of 21.2% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.1% | 29.1% | 99.2% | 100.0% | 99.7% | 83.0% | 99.5% | 99.8% | 99.4% | 99.7% | 99.3% |
| Operating Margin | 10.7% | 10.7% | 52.9% | 63.5% | 50.7% | 7.3% | -59.7% | 47.8% | -129.7% | -26.7% | 7.4% |
| Net Profit Margin | 7.3% | 7.3% | 100.2% | 79.7% | 35.6% | 17.7% | -55.8% | 49.0% | -129.4% | -69.0% | 4.5% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.1% | 24.1% | 19.9% | 20.5% | 12.2% | 7.3% | -21.9% | 99.4% | -139.4% | -55.5% | 3.5% |
| ROA | 11.4% | 11.4% | 16.7% | 16.8% | 9.2% | 4.9% | -14.8% | 54.9% | -58.2% | -37.7% | 2.8% |
| ROIC | 21.2% | 21.2% | 11.4% | 18.3% | 27.6% | 78.0% | — | — | — | -38.1% | 5.7% |
| ROCE | 25.8% | 25.8% | 9.8% | 14.8% | 14.4% | 2.2% | -17.6% | 64.9% | -78.6% | -17.6% | 5.4% |
IMMR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Immersion Corporation carries a Debt/EBITDA ratio of 2.1x, which is manageable (29% below the sector average of 2.9x). Net debt stands at $244M ($322M total debt minus $78M cash). Interest coverage of 13.8x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.57 | 0.57 | 0.00 | 0.00 | 0.01 | 0.02 | 0.01 | — | — | — | — |
| Debt / EBITDA | 2.09 | 2.09 | 0.00 | 0.02 | 0.06 | 0.33 | — | — | — | — | — |
| Net Debt / Equity | — | 0.43 | -0.31 | -0.31 | -0.36 | -0.91 | -1.02 | -1.11 | -2.55 | -1.03 | -0.29 |
| Net Debt / EBITDA | 1.59 | 1.59 | -3.11 | -1.97 | -2.82 | -14.01 | — | -2.06 | — | — | -5.28 |
| Debt / FCF | — | — | -2.72 | -1.20 | -2.94 | — | — | -1.59 | — | -2.62 | -4.45 |
| Interest Coverage | 13.79 | 13.79 | — | — | — | — | — | — | — | — | — |
IMMR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.72x means Immersion Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.04x 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 8.29x to 1.72x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.72 | 1.72 | 8.93 | 8.29 | 9.22 | 8.47 | 9.05 | 8.85 | 2.52 | 4.47 | 4.54 |
| Quick Ratio | 1.04 | 1.04 | 8.93 | 8.29 | 8.42 | 8.47 | 9.05 | 8.85 | 2.52 | 4.47 | 4.54 |
| Cash Ratio | 0.29 | 0.29 | 8.30 | 7.74 | 8.29 | 6.78 | 7.57 | 8.14 | 2.44 | 4.27 | 4.28 |
| Asset Turnover | — | 0.90 | 0.16 | 0.20 | 0.20 | 0.32 | 0.29 | 0.76 | 0.67 | 0.55 | 0.60 |
| Inventory Turnover | 2.38 | 2.38 | — | — | 0.01 | — | — | — | — | — | — |
| Days Sales Outstanding | — | 107.95 | 107.40 | 84.52 | 149.98 | 165.88 | 34.37 | 3.46 | 8.40 | 8.84 | 6.98 |
IMMR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Immersion Corporation returns 5.9% to shareholders annually — split between a 5.8% dividend yield and 0.1% buyback yield. The payout ratio of 14.2% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 61.5% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.8% | 4.4% | 3.2% | — | — | — | — | — | — | — | — |
| Payout Ratio | 14.2% | 14.2% | 21.8% | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 61.5% | 47.1% | 14.7% | 13.1% | 6.8% | 1.7% | — | 19.3% | — | — | 0.9% |
| FCF Yield | — | — | 9.0% | 17.0% | 9.4% | — | — | 24.8% | — | 7.1% | 1.7% |
| Buyback Yield | 0.1% | 0.1% | 3.6% | 5.6% | 0.0% | 9.5% | 1.2% | 0.1% | 0.2% | 0.2% | 0.0% |
| Total Shareholder Yield | 5.9% | 4.5% | 6.8% | 5.6% | 0.0% | 9.5% | 1.2% | 0.1% | 0.2% | 0.2% | 0.0% |
| Shares Outstanding | — | $33M | $33M | $34M | $32M | $28M | $32M | $31M | $29M | $29M | $29M |
Peer Comparison
Compare IMMR 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 |
|---|---|---|---|---|---|---|---|---|---|
 IMMRYou | $217M | 1.6 | 3.0 | — | 29.1% | 10.7% | 24.1% | 21.2% | 2.1 |
 ACTG | $469M | 22.1 | 5.3 | 8.0 | 82.5% | 2.2% | 3.8% | 1.2% | 2.0 |
 PXLW | $33M | -1.6 | — | — | -278.4% | -1656.3% | -64.0% | -43.5% | — |
 FORM | $12B | 216.7 | 104.4 | 993.0 | 39.1% | 8.2% | 5.5% | 5.4% | 0.4 |
 VRNS | $4B | -29.5 | — | 29.1 | 79.1% | -23.5% | -24.5% | -11.0% | — |
 MVIS | $121M | -1.0 | — | — | -1435.4% | -5743.8% | -182.1% | -98.3% | — |
 HIMX | $3B | 69.7 | 43.9 | 26.3 | 30.6% | 5.3% | 4.9% | 3.5% | 9.0 |
 PRTS | $51M | -0.8 | — | — | 29.0% | -8.3% | -72.8% | -39.3% | — |
 AAPL | $4.4T | 39.9 | 30.8 | 44.3 | 46.9% | 32.0% | 171.4% | 67.4% | 0.8 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 SONY | $120B | -57.2 | 6.5 | 12.3 | 30.8% | 12.4% | -4.1% | 13.9% | 0.6 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 27 years · Updated daily
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IMMR — Frequently Asked Questions
Quick answers to the most common questions about buying IMMR stock.
What is Immersion Corporation's P/E ratio?
Immersion Corporation's current P/E ratio is 1.6x. The historical average is 29.1x.
What is Immersion Corporation's EV/EBITDA?
Immersion Corporation's current EV/EBITDA is 3.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 28.6x.
What is Immersion Corporation's ROE?
Immersion Corporation's return on equity (ROE) is 24.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -15.1%.
Is IMMR stock overvalued?
Based on historical data, Immersion Corporation is trading at a P/E of 1.6x. Compare with industry peers and growth rates for a complete picture.
What is Immersion Corporation's dividend yield?
Immersion Corporation's current dividend yield is 5.81% with a payout ratio of 14.2%.
What are Immersion Corporation's profit margins?
Immersion Corporation has 29.1% gross margin and 10.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Immersion Corporation have?
Immersion Corporation's Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.