Latest Ratios: P/E Ratio 9999.0x · EV/EBITDA 305.7x · ROE 0.0%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.7B | $2.1B | $2.5B | $2.8B | $2.4B | $3.7B | $1.4B | $1.5B | $1.7B | $1.6B | $916M |
| Enterprise Value | $4.5B | $2.0B | $2.3B | $2.3B | $1.8B | $3.4B | $1.2B | $1.3B | $1.4B | $1.2B | $385M |
| P/E Ratio → | 9999.00 | 10085.00 | — | 49.12 | 5.43 | 10.15 | 26.37 | 130.44 | 29.80 | 13.92 | 19.30 |
| P/S Ratio | 7.16 | 3.28 | 3.53 | 3.77 | 1.57 | 2.46 | 2.23 | 2.87 | 1.89 | 1.92 | 1.46 |
| P/B Ratio | 5.80 | 2.61 | 2.64 | 2.38 | 1.97 | 3.40 | 1.83 | 2.01 | 1.91 | 1.70 | 1.14 |
| P/FCF | 48.63 | 22.27 | 167.22 | 21.69 | 6.42 | 13.44 | 16.77 | 28.56 | 16.30 | 14.04 | 14.73 |
| P/OCF | 41.26 | 18.89 | 80.22 | 16.14 | 6.04 | 12.42 | 14.69 | 23.47 | 13.59 | 11.40 | 13.39 |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.01 | 3.26 | 3.12 | 1.23 | 2.24 | 1.96 | 2.33 | 1.54 | 1.46 | 0.61 |
| EV / EBITDA | 305.68 | 133.47 | — | 33.94 | 3.75 | 7.88 | 15.63 | 30.05 | 7.40 | 9.11 | 5.48 |
| EV / EBIT | — | 95.52 | — | 32.04 | 3.86 | 8.21 | 18.52 | 34.28 | 7.69 | 9.85 | 6.72 |
| EV / FCF | — | 20.43 | 154.72 | 17.97 | 5.02 | 12.29 | 14.79 | 23.23 | 13.33 | 10.64 | 6.19 |
Margins and return-on-capital ratios measuring operating efficiency
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 | 42.5% | 42.5% | 38.1% | 48.3% | 49.8% | 45.9% | 47.8% | 47.1% | 46.1% | 47.2% | 44.8% |
| Operating Margin | -0.5% | -0.5% | -13.1% | 5.3% | 31.3% | 27.2% | 9.4% | 4.0% | 18.7% | 14.0% | 8.6% |
| Net Profit Margin | 0.0% | 0.0% | -9.8% | 7.7% | 28.8% | 24.2% | 8.4% | 2.2% | 6.4% | 15.6% | 7.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.0% | 0.0% | -6.5% | 4.8% | 37.9% | 39.6% | 6.8% | 1.4% | 6.3% | 14.7% | 6.1% |
| ROA | 0.0% | 0.0% | -5.0% | 3.7% | 27.2% | 27.6% | 4.9% | 1.0% | 4.8% | 11.7% | 5.1% |
| ROIC | -0.3% | -0.3% | -9.6% | 4.3% | 48.4% | 45.2% | 8.2% | 3.1% | 22.5% | 20.9% | 14.3% |
| ROCE | -0.3% | -0.3% | -7.8% | 3.0% | 36.3% | 38.4% | 6.5% | 2.3% | 16.8% | 12.3% | 6.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 | 0.04 | 0.03 | 0.10 | 0.02 | 0.02 | 0.02 |
| Debt / EBITDA | 2.61 | 2.61 | — | 0.71 | 0.08 | 0.10 | 0.31 | 1.79 | 0.08 | 0.12 | 0.24 |
| Net Debt / Equity | — | -0.22 | -0.20 | -0.41 | -0.43 | -0.29 | -0.22 | -0.38 | -0.35 | -0.41 | -0.66 |
| Net Debt / EBITDA | -12.01 | -12.01 | — | -7.04 | -1.05 | -0.74 | -2.09 | -6.90 | -1.65 | -2.91 | -7.57 |
| Debt / FCF | — | -1.84 | -12.50 | -3.73 | -1.40 | -1.15 | -1.98 | -5.33 | -2.97 | -3.40 | -8.54 |
| Interest Coverage | 153.81 | 153.81 | -654.67 | 509.46 | 2294.21 | 1902.61 | 38.49 | 17.88 | 169.45 | 112.91 | 51.74 |
Net cash position: cash ($216M) exceeds total debt ($39M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.79 | 4.79 | 5.41 | 6.55 | 5.36 | 3.84 | 5.45 | 5.12 | 5.67 | 4.76 | 6.58 |
| Quick Ratio | 3.94 | 3.94 | 4.45 | 5.35 | 4.61 | 3.37 | 4.74 | 4.61 | 5.01 | 4.15 | 5.85 |
| Cash Ratio | 2.71 | 2.71 | 3.14 | 4.18 | 3.12 | 2.10 | 3.36 | 3.40 | 3.53 | 3.04 | 4.62 |
| Asset Turnover | — | 0.59 | 0.57 | 0.50 | 0.95 | 0.95 | 0.59 | 0.50 | 0.75 | 0.69 | 0.64 |
| Inventory Turnover | 2.35 | 2.35 | 2.46 | 1.77 | 4.08 | 4.90 | 2.91 | 3.20 | 4.16 | 3.50 | 3.97 |
| Days Sales Outstanding | — | 102.42 | 100.22 | 82.97 | 75.09 | 101.30 | 116.35 | 132.35 | 99.91 | 89.54 | 75.92 |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.1% | 2.5% | 1.8% | 1.5% | 1.7% | 0.9% | 2.2% | 2.0% | 0.5% | — | — |
| Payout Ratio | 25382.6% | 25382.6% | — | 73.6% | 9.1% | 9.1% | 57.8% | 270.9% | 14.4% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.0% | 0.0% | — | 2.0% | 18.4% | 9.9% | 3.8% | 0.8% | 3.4% | 7.2% | 5.2% |
| FCF Yield | 2.1% | 4.5% | 0.6% | 4.6% | 15.6% | 7.4% | 6.0% | 3.5% | 6.1% | 7.1% | 6.8% |
| Buyback Yield | 2.1% | 4.5% | 6.1% | 2.5% | 11.9% | 0.3% | 3.9% | 6.5% | 5.4% | 1.2% | 1.6% |
| Total Shareholder Yield | 3.2% | 7.0% | 7.8% | 4.0% | 13.6% | 1.2% | 6.1% | 8.5% | 5.9% | 1.2% | 1.6% |
| Shares Outstanding | — | $53M | $56M | $58M | $61M | $64M | $63M | $66M | $70M | $72M | $71M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying KLIC stock.
Kulicke and Soffa Industries, Inc.'s current P/E ratio is 9999.0x. The historical average is 23.4x. This places it at the 100th percentile of its historical range.
Kulicke and Soffa Industries, Inc.'s current EV/EBITDA is 305.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.6x.
Kulicke and Soffa Industries, Inc.'s return on equity (ROE) is 0.0%. The historical average is 10.9%.
Based on historical data, Kulicke and Soffa Industries, Inc. is trading at a P/E of 9999.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Kulicke and Soffa Industries, Inc.'s current dividend yield is 1.14% with a payout ratio of 25382.6%.
Kulicke and Soffa Industries, Inc. has 42.5% gross margin and -0.5% operating margin.
Kulicke and Soffa Industries, Inc.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Margin recovery lagging revenue rebound
Metrics are mathematically derived from official filings.
Margin Recovery Lags Revenue Surge
Despite a 122.6% revenue surge, Q3 2026 gross margin of 47.8% remains below the 52.4% peak in Q1 2025, indicating pricing power may be weaker than top-line suggests, per income statement data.
The sequential improvement in operating margin from -52.3% in Q2 2025 to 20.7% in Q3 2026 demonstrates significant operating leverage, yet the gross margin has not fully recovered to prior cycle highs. This suggests that while volume is rebounding, the company may be accepting lower pricing or facing a less favorable product mix. Investors should monitor whether gross margin can reclaim the 50%+ level as the cycle matures, as this will be critical for sustaining profitability.
ROIC Recovering from Cyclical Trough
ROIC swung from -10.7% in Q2 2024 to 9.0% in Q3 2026, reflecting a sharp cyclical recovery, though it remains below the 8.7% peak in Q1 2025, as per quarterly data.
The dramatic swing in ROIC underscores the cyclicality of KLIC's capital efficiency, driven primarily by revenue volatility rather than structural changes in capital intensity. With minimal debt and a conservative balance sheet, the company's returns are highly sensitive to the semiconductor capex cycle. The recent improvement suggests the trough is behind, but sustaining ROIC above 10% will require continued margin expansion and disciplined working capital management.
Working Capital Cycle Lengthens at Turn
Cash conversion cycle extended to 142 days in Q3 2026 from 190 days a year earlier, but remains elevated due to high DIO of 114 days, according to the quarterly ratio data.
The improvement in CCC from 229 days in Q3 2025 to 142 days in Q3 2026 is a positive sign, driven by faster collection (DSO down to 81 days) and better inventory turnover. However, DIO remains high at 114 days, suggesting that inventory levels are still elevated relative to sales, possibly reflecting preparation for continued demand growth. Management should focus on reducing inventory days to free up cash and improve efficiency.
Minimal Debt Provides Strategic Flexibility
With a debt-to-equity ratio of 0.04 and interest coverage of 2141x in Q3 2026, KLIC's balance sheet is virtually debt-free, as reported in the latest quarterly data.
The company's conservative leverage profile is a key strength, providing ample flexibility to weather cyclical downturns and invest in growth areas like advanced packaging. The negligible debt load means that interest expense is immaterial, and the company is not exposed to refinancing risk. This fortress balance sheet supports the company's ability to maintain dividends and potentially pursue strategic M&A.
Liquidity Buffer Remains Robust
Current ratio of 3.44 and quick ratio of 2.74 in Q3 2026 indicate a strong liquidity position, though slightly lower than the 4.94 current ratio a year earlier, per balance sheet data.
KLIC's liquidity remains ample, with cash and short-term investments providing a significant cushion against operational shocks. The slight decline in the current ratio is consistent with the recovery phase, as working capital is deployed to support growth. Even under a severe demand downturn, the company's liquidity position appears sufficient to cover near-term obligations without distress.
P/E Misleading at Cycle Trough
The trailing P/E of 9999x is meaningless given near-zero TTM earnings, while forward P/E of 29.03x better reflects normalized earnings, but investors should use EV/EBITDA or P/FCF for cyclical comparison.
KLIC's current P/E is distorted by the cyclical trough in earnings, making it an unreliable valuation metric. The forward P/E of 29.03x is more informative but still depends on the sustainability of the recovery. Given the company's asset-light model and strong cash generation, EV/EBITDA or P/FCF may be more appropriate, but these are also elevated at 30.3x and 53.8x respectively, suggesting the market is pricing in a robust upcycle. Investors should focus on mid-cycle earnings power rather than trailing multiples.