SemiLEDs Corporation (LEDS) Financial Ratios
18 years of historical data (2008–2025) · Technology · Semiconductors
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
9.74
+11% vs avg
5yr avg: 8.79
30Y Low8.8·High8.8
P/B Ratio
↓
5.40
-5% vs avg
5yr avg: 5.71
30Y Low0.4·High9.1
ROE
↑
-44.9%
↓+47% vs avg
5yr avg: -84.9%
30Y Low-118%·High19%
Debt/EBITDA
N/A
—
5yr avg: N/A
30Y Low0.3·High0.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LEDS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
SemiLEDs Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 9.7x P/FCF, 11% above the 5-year average of 8.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $16M | $14M | $9M | $8M | $12M | $42M | $13M | $9M | $14M | $6M | $18M |
| Enterprise Value | $17M | $16M | $12M | $14M | $16M | $46M | $18M | $14M | $13M | $5M | $15M |
| P/E Ratio → | -12.97 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.37 | 0.34 | 1.65 | 1.42 | 1.67 | 8.85 | 2.13 | 1.55 | 1.89 | 0.66 | 1.80 |
| P/B Ratio | 5.40 | 5.19 | 3.79 | 7.11 | 3.37 | 9.06 | 5.04 | 5.11 | 2.83 | 0.78 | 1.57 |
| P/FCF | 9.74 | 8.79 | — | — | — | — | — | — | — | — | — |
| P/OCF | 7.23 | 6.53 | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
LEDS EV Ratios
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 | — | 0.37 | 2.25 | 2.28 | 2.27 | 9.80 | 2.96 | 2.39 | 1.75 | 0.57 | 1.49 |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 9.65 | — | — | — | — | — | — | — | — | — |
LEDS Profitability
Margins and return-on-capital ratios measuring operating efficiency
SemiLEDs Corporation earns an operating margin of -3.7%. Operating margins have expanded from -56.9% to -3.7% over the past 3 years, signaling improving operational efficiency. A negative ROE of -44.9% indicates the company is currently destroying shareholder equity.
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 | 5.7% | 5.7% | 20.3% | 16.8% | 19.8% | 21.8% | 26.2% | 7.7% | -5.8% | 0.9% | -48.7% |
| Operating Margin | -3.7% | -3.7% | -56.9% | -56.9% | -45.4% | -82.7% | -34.4% | -62.1% | -49.0% | -47.0% | -203.2% |
| Net Profit Margin | -2.6% | -2.6% | -39.3% | -45.0% | -38.9% | -60.2% | -9.0% | -60.4% | -39.8% | -44.4% | -209.8% |
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 | -44.9% | -44.9% | -118.3% | -114.7% | -67.6% | -79.3% | -25.0% | -105.0% | -46.5% | -42.0% | -103.8% |
| ROA | -8.5% | -8.5% | -16.6% | -18.2% | -16.0% | -17.4% | -4.1% | -27.5% | -18.7% | -20.5% | -70.0% |
| ROIC | -24.9% | -24.9% | -37.6% | -36.2% | -28.5% | -35.2% | -21.8% | -51.3% | -50.6% | -41.9% | -83.6% |
| ROCE | -38.3% | -38.3% | -75.0% | -64.5% | -41.2% | -54.7% | -31.3% | -49.7% | -42.7% | -31.4% | -83.2% |
LEDS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $1M ($4M total debt minus $3M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.44 | 1.44 | 2.14 | 6.48 | 2.43 | 2.01 | 3.06 | 3.55 | 0.47 | 0.35 | 0.25 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.51 | 1.40 | 4.33 | 1.21 | 0.97 | 1.96 | 2.79 | -0.21 | -0.11 | -0.27 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 0.86 | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -11.31 | -11.31 | -11.94 | -11.86 | -8.67 | -10.56 | -5.83 | -19.29 | -136.07 | -127.29 | -396.25 |
LEDS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.99x is below 1.0, meaning current liabilities exceed current assets. The quick ratio of 0.57x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 0.78x to 0.99x 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 | 0.99 | 0.99 | 0.85 | 0.78 | 0.99 | 1.06 | 0.83 | 1.18 | 0.81 | 1.08 | 2.37 |
| Quick Ratio | 0.57 | 0.57 | 0.34 | 0.37 | 0.58 | 0.64 | 0.56 | 0.65 | 0.56 | 0.68 | 1.54 |
| Cash Ratio | 0.23 | 0.23 | 0.24 | 0.27 | 0.46 | 0.51 | 0.31 | 0.35 | 0.47 | 0.48 | 1.23 |
| Asset Turnover | — | 2.76 | 0.47 | 0.44 | 0.44 | 0.26 | 0.42 | 0.51 | 0.53 | 0.52 | 0.46 |
| Inventory Turnover | 8.50 | 8.50 | 1.16 | 1.24 | 1.49 | 0.94 | 1.81 | 2.62 | 4.36 | 3.10 | 3.71 |
| Days Sales Outstanding | — | 30.45 | 29.30 | 48.41 | 45.55 | 66.68 | 80.06 | 43.48 | 13.73 | 44.01 | 32.40 |
LEDS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
SemiLEDs Corporation does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 10.3% | 11.4% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $8M | $6M | $5M | $5M | $4M | $4M | $4M | $4M | $4M | $3M |
Peer Comparison
Compare LEDS 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 |
|---|---|---|---|---|---|---|---|---|---|
 LEDSYou | $16M | -13.0 | — | 9.7 | 5.7% | -3.7% | -44.9% | -24.9% | — |
 LITE | $61B | 2297.3 | 819.5 | — | 28.0% | -10.9% | 2.5% | -4.3% | 34.0 |
 COHU | $3B | -43.6 | — | 303.8 | 34.5% | -13.3% | -9.0% | -5.7% | — |
 AAOI | $13B | -252.9 | — | — | 30.0% | -12.0% | -7.9% | -7.9% | — |
 OLED | $4B | 17.5 | 13.8 | 27.1 | 73.4% | 38.5% | 14.3% | 11.7% | 0.1 |
 MKSI | $27B | 93.0 | 34.5 | 55.0 | 40.4% | 14.4% | 11.7% | 6.5% | 5.2 |
 VICR | $15B | 127.0 | 252.6 | 125.3 | 52.6% | 9.0% | 18.5% | 8.9% | 0.2 |
 AMAT | $490B | 71.3 | 58.3 | 86.0 | 48.7% | 29.2% | 35.5% | 32.9% | 0.8 |
 LRCX | $486B | 93.7 | 77.0 | 89.7 | 48.7% | 32.0% | 58.2% | 55.7% | 0.8 |
 ACLS | $6B | 49.4 | 41.3 | 53.9 | 44.9% | 14.2% | 11.7% | 9.6% | 0.3 |
 ONTO | $17B | 120.1 | 84.2 | 55.4 | 49.7% | 13.2% | 6.8% | 5.7% | 0.1 |
| 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 · 18 years · Updated daily
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LEDS — Frequently Asked Questions
Quick answers to the most common questions about buying LEDS stock.
What is SemiLEDs Corporation's P/E ratio?
SemiLEDs Corporation's current P/E ratio is -13.0x. This places it at the 50th percentile of its historical range.
What is SemiLEDs Corporation's ROE?
SemiLEDs Corporation's return on equity (ROE) is -44.9%. The historical average is -51.1%.
Is LEDS stock overvalued?
Based on historical data, SemiLEDs Corporation is trading at a P/E of -13.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are SemiLEDs Corporation's profit margins?
SemiLEDs Corporation has 5.7% gross margin and -3.7% operating margin.