Sanmina Corporation (SANM) Financial Ratios
30 years of historical data (1996–2025) · Technology · Hardware, Equipment & Parts
EV/EBITDA
↑
26.61
↑+250% vs avg
5yr avg: 7.59
30Y Low5.2·High40.2
P/FCF
↑
27.86
+7% vs avg
5yr avg: 25.93
30Y Low1.8·High175.4
P/B Ratio
↑
5.25
↑+207% vs avg
5yr avg: 1.71
30Y Low0.4·High11.9
ROE
↓
10.0%
-19% vs avg
5yr avg: 12.4%
30Y Low-103%·High33%
Debt/EBITDA
↓
0.83
↓-5% vs avg
5yr avg: 0.87
30Y Low0.1·High13.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SANM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Sanmina Corporation trades at 54.1x earnings, 263% above its 5-year average of 14.9x, sitting at the 86th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 87%. On a free-cash-flow basis, the stock trades at 27.9x P/FCF, 7% above the 5-year average of 25.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $13.2B | $6.3B | $3.9B | $3.2B | $2.9B | $2.7B | $1.9B | $2.3B | $1.9B | $2.9B | $2.2B |
| Enterprise Value | $12.6B | $5.7B | $3.7B | $3.0B | $2.8B | $2.4B | $1.8B | $2.2B | $2.1B | $3.0B | $2.3B |
| P/E Ratio → | 54.15 | 25.59 | 17.61 | 10.48 | 11.35 | 9.61 | 13.73 | 16.30 | — | 20.87 | 11.96 |
| P/S Ratio | 1.62 | 0.77 | 0.52 | 0.36 | 0.37 | 0.39 | 0.28 | 0.28 | 0.27 | 0.42 | 0.35 |
| P/B Ratio | 5.25 | 2.48 | 1.66 | 1.40 | 1.60 | 1.41 | 1.17 | 1.40 | 1.31 | 1.76 | 1.39 |
| P/FCF | 27.86 | 13.30 | 17.13 | 74.13 | 15.13 | 9.96 | 8.11 | 9.27 | 51.34 | 20.86 | 8.32 |
| P/OCF | 21.25 | 10.14 | 11.53 | 13.81 | 8.79 | 7.84 | 6.37 | 6.01 | 12.32 | 11.57 | 5.75 |
P/E links to full P/E history page with 30-year chart
SANM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Sanmina Corporation's enterprise value stands at 26.6x EBITDA, 250% above its 5-year average of 7.6x. The Technology sector median is 16.7x, placing the stock at a 59% 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 | — | 0.70 | 0.49 | 0.34 | 0.35 | 0.35 | 0.26 | 0.27 | 0.30 | 0.43 | 0.36 |
| EV / EBITDA | 26.61 | 12.08 | 8.04 | 5.23 | 6.09 | 6.53 | 5.51 | 7.58 | 8.88 | 8.62 | 6.85 |
| EV / EBIT | 35.58 | 16.65 | 10.62 | 6.68 | 8.59 | 7.93 | 8.30 | 7.44 | 11.81 | 13.06 | 10.10 |
| EV / FCF | — | 12.09 | 16.08 | 68.50 | 14.52 | 8.97 | 7.78 | 8.99 | 56.35 | 21.39 | 8.55 |
SANM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Sanmina Corporation earns an operating margin of 4.4%. ROE of 10.0% is modest. ROIC of 13.0% 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 | 8.8% | 8.8% | 8.5% | 8.3% | 7.9% | 7.8% | 7.4% | 7.2% | 6.5% | 7.6% | 7.9% |
| Operating Margin | 4.4% | 4.4% | 4.4% | 5.1% | 4.4% | 3.8% | 3.2% | 2.2% | 1.7% | 3.3% | 3.5% |
| Net Profit Margin | 3.0% | 3.0% | 2.9% | 3.5% | 3.0% | 3.7% | 1.9% | 1.7% | -1.3% | 2.0% | 2.9% |
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 | 10.0% | 10.0% | 9.5% | 15.0% | 13.0% | 14.2% | 8.1% | 9.1% | -6.1% | 8.5% | 12.0% |
| ROA | 4.6% | 4.6% | 4.6% | 6.4% | 5.3% | 6.3% | 3.5% | 3.5% | -2.4% | 3.7% | 5.3% |
| ROIC | 13.0% | 13.0% | 12.0% | 18.1% | 15.8% | 12.1% | 10.5% | 8.2% | 5.3% | 10.0% | 10.2% |
| ROCE | 12.0% | 12.0% | 11.7% | 17.5% | 14.5% | 10.9% | 9.8% | 9.1% | 6.1% | 10.2% | 10.4% |
SANM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Sanmina Corporation carries a Debt/EBITDA ratio of 0.8x, which is very conservative (72% below the sector average of 2.9x). The company holds a net cash position — cash of $966M exceeds total debt of $394M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 80.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.16 | 0.16 | 0.16 | 0.18 | 0.23 | 0.21 | 0.25 | 0.23 | 0.41 | 0.29 | 0.29 |
| Debt / EBITDA | 0.83 | 0.83 | 0.84 | 0.73 | 0.90 | 1.06 | 1.20 | 1.31 | 2.55 | 1.39 | 1.37 |
| Net Debt / Equity | — | -0.23 | -0.10 | -0.11 | -0.06 | -0.14 | -0.05 | -0.04 | 0.13 | 0.04 | 0.04 |
| Net Debt / EBITDA | -1.21 | -1.21 | -0.53 | -0.43 | -0.26 | -0.72 | -0.24 | -0.24 | 0.79 | 0.21 | 0.19 |
| Debt / FCF | — | -1.21 | -1.06 | -5.62 | -0.61 | -0.99 | -0.33 | -0.28 | 5.01 | 0.53 | 0.24 |
| Interest Coverage | 80.01 | 80.01 | 11.88 | 12.38 | 14.45 | 15.41 | 7.65 | 9.75 | 6.46 | 10.39 | 9.17 |
Net cash position: cash ($966M) exceeds total debt ($394M)
SANM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.72x means Sanmina Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.02x 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 1.91x to 1.72x 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 | 1.72 | 1.72 | 1.99 | 1.91 | 1.57 | 1.86 | 1.85 | 1.74 | 1.26 | 1.62 | 1.70 |
| Quick Ratio | 1.02 | 1.02 | 1.25 | 1.18 | 0.89 | 1.27 | 1.29 | 1.20 | 0.68 | 0.97 | 1.02 |
| Cash Ratio | 0.34 | 0.34 | 0.32 | 0.33 | 0.21 | 0.37 | 0.32 | 0.27 | 0.17 | 0.25 | 0.28 |
| Asset Turnover | — | 1.39 | 1.57 | 1.83 | 1.64 | 1.60 | 1.84 | 2.11 | 1.74 | 1.79 | 1.79 |
| Inventory Turnover | 3.73 | 3.73 | 4.80 | 5.55 | 4.33 | 5.99 | 7.47 | 8.49 | 4.84 | 6.04 | 6.31 |
| Days Sales Outstanding | — | 82.00 | 83.03 | 68.49 | 74.41 | 83.48 | 75.62 | 67.59 | 60.43 | 59.00 | 54.83 |
SANM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Sanmina Corporation returns 0.9% to shareholders annually primarily through share buybacks. The earnings yield of 1.8% (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 | 1.8% | 3.9% | 5.7% | 9.5% | 8.8% | 10.4% | 7.3% | 6.1% | — | 4.8% | 8.4% |
| FCF Yield | 3.6% | 7.5% | 5.8% | 1.3% | 6.6% | 10.0% | 12.3% | 10.8% | 1.9% | 4.8% | 12.0% |
| Buyback Yield | 0.9% | 1.8% | 6.5% | 3.3% | 11.4% | 2.4% | 9.3% | 0.5% | 8.2% | 6.1% | 6.3% |
| Total Shareholder Yield | 0.9% | 1.8% | 6.5% | 3.3% | 11.4% | 2.4% | 9.3% | 0.5% | 8.2% | 6.1% | 6.3% |
| Shares Outstanding | — | $55M | $57M | $60M | $63M | $69M | $71M | $72M | $70M | $78M | $79M |
Peer Comparison
Compare SANM 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 |
|---|---|---|---|---|---|---|---|---|---|
 SANMYou | $13B | 54.1 | 26.6 | 27.9 | 8.8% | 4.4% | 10.0% | 13.0% | 0.8 |
 JBL | $39B | 62.8 | 21.9 | 33.5 | 8.9% | 4.0% | 40.4% | 30.9% | 1.8 |
 CLS | $43B | 51.1 | 34.0 | 91.8 | 11.7% | 8.6% | 41.2% | 34.0% | 0.7 |
 FLEX | $54B | 70.0 | 32.9 | 50.9 | 8.4% | 4.5% | 16.2% | 13.0% | 2.4 |
 BHE | $3B | 135.5 | 22.3 | 38.7 | 10.0% | 4.0% | 2.2% | 6.7% | 2.7 |
 PLXS | $8B | 47.9 | 28.2 | 52.2 | 10.1% | 5.0% | 12.4% | 11.8% | 0.6 |
 TTMI | $22B | 128.8 | 56.5 | — | 19.6% | 9.0% | 10.7% | 8.8% | 2.7 |
 AVGO | $2.0T | 86.2 | 58.6 | 72.7 | 67.8% | 39.9% | 31.0% | 14.9% | 1.9 |
 TXN | $294B | 59.2 | 38.2 | 112.9 | 57.0% | 34.1% | 30.1% | 15.8% | 1.9 |
 APH | $202B | 49.1 | 29.9 | 46.0 | 36.9% | 25.9% | 36.6% | 28.3% | 2.2 |
 TE | $2B | -4.3 | — | 97.4 | 7.4% | -23.8% | -131.6% | -20.1% | — |
| 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 · 30 years · Updated daily
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Deep dive into SANM consensus models and risk factors.
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DCF models, multiple analysis, and analyst estimates.
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10-year return with dividends reinvested.
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SANM — Frequently Asked Questions
Quick answers to the most common questions about buying SANM stock.
What is Sanmina Corporation's P/E ratio?
Sanmina Corporation's current P/E ratio is 54.1x. The historical average is 26.3x. This places it at the 86th percentile of its historical range.
What is Sanmina Corporation's EV/EBITDA?
Sanmina Corporation's current EV/EBITDA is 26.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.7x.
What is Sanmina Corporation's ROE?
Sanmina Corporation's return on equity (ROE) is 10.0%. The historical average is 1.3%.
Is SANM stock overvalued?
Based on historical data, Sanmina Corporation is trading at a P/E of 54.1x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Sanmina Corporation's profit margins?
Sanmina Corporation has 8.8% gross margin and 4.4% operating margin.
How much debt does Sanmina Corporation have?
Sanmina Corporation's Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.