Semtech Corporation (SMTC) Financial Ratios
30 years of historical data (1996–2025) · Technology · Semiconductors
EV/EBITDA
↑
102.71
↑+181% vs avg
5yr avg: 36.51
30Y Low8.9·High80.6
P/FCF
↑
251.37
↑+375% vs avg
5yr avg: 52.93
30Y Low10.6·High109.5
P/B Ratio
↑
15.74
↑+155% vs avg
5yr avg: 6.17
30Y Low1.9·High16.9
ROE
↓
-137.7%
-17% vs avg
5yr avg: -118.0%
30Y Low-487%·High40%
Debt/EBITDA
↑
4.97
↓-41% vs avg
5yr avg: 8.46
30Y Low0.1·High27.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SMTC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Semtech 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 251.4x P/FCF, 375% above the 5-year average of 52.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $11.0B | $4.8B | $1.3B | $2.1B | $4.7B | $4.7B | $3.2B | $3.3B | $2.4B | $2.2B | $1.3B |
| Enterprise Value | $11.4B | $5.2B | $2.5B | $3.2B | $4.6B | $4.6B | $3.2B | $3.2B | $2.3B | $2.1B | $1.4B |
| P/E Ratio → | -52.76 | — | — | 34.41 | 37.03 | 77.97 | 102.53 | 52.78 | 70.20 | 39.70 | 118.24 |
| P/S Ratio | 12.10 | 5.27 | 1.46 | 2.79 | 6.29 | 7.88 | 5.93 | 5.30 | 4.12 | 4.00 | 2.70 |
| P/B Ratio | 15.74 | 8.84 | — | 2.80 | 6.32 | 6.71 | 4.80 | 4.87 | 3.64 | 3.60 | 2.51 |
| P/FCF | 251.37 | 109.51 | — | 21.49 | 26.35 | 54.37 | 34.00 | 19.97 | 34.35 | 25.72 | 14.89 |
| P/OCF | 189.80 | 82.69 | — | 16.69 | 22.95 | 39.41 | 27.39 | 18.12 | 22.85 | 18.52 | 12.99 |
P/E links to full P/E history page with 30-year chart
SMTC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Semtech Corporation's enterprise value stands at 102.7x EBITDA, 181% above its 5-year average of 36.5x. The Technology sector median is 17.4x, placing the stock at a 491% 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 | — | 5.71 | 2.93 | 4.25 | 6.15 | 7.72 | 5.75 | 5.14 | 3.98 | 3.90 | 2.80 |
| EV / EBITDA | 102.71 | 46.78 | 50.52 | 16.43 | 25.67 | 43.15 | 34.84 | 23.30 | 18.22 | 19.75 | 20.63 |
| EV / EBIT | 184.92 | 84.21 | — | 20.25 | 32.03 | 61.55 | 61.98 | 36.32 | 29.47 | 35.15 | 75.52 |
| EV / FCF | — | 118.64 | — | 32.72 | 25.76 | 53.33 | 32.97 | 19.36 | 33.19 | 25.06 | 15.40 |
SMTC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Semtech Corporation earns an operating margin of 6.8%. Operating margins have compressed from 21.0% to 6.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -137.7% indicates the company is currently destroying shareholder equity. ROIC of 4.9% represents below-average 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 | 50.1% | 50.1% | 43.0% | 63.3% | 62.2% | 59.7% | 58.5% | 55.9% | 55.1% | 55.0% | 54.7% |
| Operating Margin | 6.8% | 6.8% | -3.9% | 21.0% | 19.2% | 12.5% | 9.3% | 14.2% | 13.5% | 11.1% | 3.7% |
| Net Profit Margin | -17.8% | -17.8% | -125.7% | 8.1% | 17.0% | 10.1% | 5.8% | 11.1% | 6.2% | 10.0% | 2.3% |
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 | -137.7% | -137.7% | -486.7% | 8.2% | 17.5% | 8.7% | 4.7% | 10.3% | 5.7% | 9.6% | 2.1% |
| ROA | -11.6% | -11.6% | -55.4% | 3.3% | 11.4% | 5.6% | 3.0% | 6.5% | 3.5% | 5.7% | 1.2% |
| ROIC | 4.9% | 4.9% | -1.8% | 9.6% | 17.2% | 9.4% | 6.6% | 11.4% | 10.5% | 8.1% | 2.4% |
| ROCE | 5.4% | 5.4% | -2.0% | 10.0% | 14.4% | 7.8% | 5.4% | 9.4% | 8.6% | 7.1% | 2.2% |
SMTC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Semtech Corporation carries a Debt/EBITDA ratio of 5.0x, which is highly leveraged (73% above the sector average of 2.9x). Net debt stands at $400M ($552M total debt minus $152M cash). Interest coverage of just 0.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.02 | 1.02 | — | 1.77 | 0.24 | 0.26 | 0.29 | 0.31 | 0.34 | 0.40 | 0.49 |
| Debt / EBITDA | 4.97 | 4.97 | 27.80 | 6.84 | 0.99 | 1.68 | 2.15 | 1.53 | 1.76 | 2.24 | 3.88 |
| Net Debt / Equity | — | 0.74 | — | 1.46 | -0.14 | -0.13 | -0.15 | -0.15 | -0.12 | -0.09 | 0.09 |
| Net Debt / EBITDA | 3.60 | 3.60 | 25.25 | 5.64 | -0.59 | -0.84 | -1.09 | -0.73 | -0.63 | -0.52 | 0.69 |
| Debt / FCF | — | 9.13 | — | 11.23 | -0.59 | -1.04 | -1.03 | -0.61 | -1.16 | -0.66 | 0.52 |
| Interest Coverage | 0.69 | 0.69 | -0.32 | 10.29 | 23.56 | 14.00 | 5.58 | 9.65 | 9.97 | 6.68 | 2.32 |
SMTC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Semtech Corporation's current ratio of 2.07x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.49x 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 1.82x to 2.07x 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 | 2.07 | 2.07 | 2.46 | 1.82 | 3.91 | 4.33 | 4.67 | 3.74 | 3.65 | 3.57 | 3.28 |
| Quick Ratio | 1.49 | 1.49 | 1.79 | 1.30 | 3.02 | 3.53 | 3.93 | 3.25 | 3.09 | 3.03 | 2.67 |
| Cash Ratio | 0.58 | 0.58 | 0.66 | 0.59 | 2.18 | 2.45 | 2.97 | 2.40 | 2.44 | 2.42 | 2.04 |
| Asset Turnover | — | 0.64 | 0.63 | 0.29 | 0.66 | 0.55 | 0.52 | 0.59 | 0.54 | 0.54 | 0.54 |
| Inventory Turnover | 2.77 | 2.77 | 3.41 | 1.34 | 2.45 | 2.74 | 3.11 | 4.35 | 3.71 | 3.71 | 3.48 |
| Days Sales Outstanding | — | 75.51 | 56.43 | 78.01 | 35.23 | 43.20 | 41.28 | 46.10 | 33.02 | 34.50 | 32.86 |
SMTC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Semtech 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 | — | — | — | 2.9% | 2.7% | 1.3% | 1.0% | 1.9% | 1.4% | 2.5% | 0.8% |
| FCF Yield | 0.4% | 0.9% | — | 4.7% | 3.8% | 1.8% | 2.9% | 5.0% | 2.9% | 3.9% | 6.7% |
| Buyback Yield | 0.0% | 0.0% | 0.5% | 2.4% | 2.8% | 1.5% | 2.2% | 3.5% | 0.6% | 0.0% | 4.3% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.5% | 2.4% | 2.8% | 1.5% | 2.2% | 3.5% | 0.6% | 0.0% | 4.3% |
| Shares Outstanding | — | $72M | $64M | $64M | $66M | $66M | $67M | $68M | $68M | $66M | $66M |
Peer Comparison
Compare SMTC 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 |
|---|---|---|---|---|---|---|---|---|---|
 SMTCYou | $11B | -52.8 | 102.7 | 251.4 | 50.1% | 6.8% | -137.7% | 4.9% | 5.0 |
 SLAB | $7B | -109.4 | — | 108.5 | 58.2% | -9.0% | -6.0% | -6.9% | — |
 SITM | $16B | -362.4 | — | 468.4 | 53.6% | -18.5% | -4.6% | -4.9% | — |
 DIOD | $5B | 81.2 | 28.3 | 38.9 | 31.2% | 2.4% | 3.5% | 1.6% | 0.5 |
 POWI | $4B | 200.6 | 86.9 | 50.0 | 54.5% | 4.8% | 3.1% | 2.4% | — |
 MPWR | $81B | 129.6 | 102.7 | 121.8 | 55.2% | 26.1% | 18.4% | 22.2% | 0.0 |
 ALGM | $10B | -131.7 | 218.4 | 433.3 | 44.3% | -2.7% | -7.1% | -1.3% | 8.2 |
 SWKS | $10B | 21.1 | 10.2 | 8.8 | 41.2% | 12.2% | 7.9% | 6.3% | 1.2 |
 QRVO | $8B | 24.6 | 20.8 | 12.1 | 45.9% | 11.2% | 10.1% | 8.1% | 3.8 |
 AEHR | $3B | -744.1 | — | — | 40.6% | -7.3% | -3.2% | -3.0% | — |
 AMBA | $3B | -26.6 | — | 138.5 | 60.5% | -44.4% | -20.9% | -22.5% | — |
| Technology Median | — | 27.5 | 17.4 | 19.8 | 48.6% | -0.5% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonSMTC — Frequently Asked Questions
Quick answers to the most common questions about buying SMTC stock.
What is Semtech Corporation's P/E ratio?
Semtech Corporation's current P/E ratio is -52.8x. The historical average is 46.9x.
What is Semtech Corporation's EV/EBITDA?
Semtech Corporation's current EV/EBITDA is 102.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 25.3x.
What is Semtech Corporation's ROE?
Semtech Corporation's return on equity (ROE) is -137.7%. The historical average is -9.2%.
Is SMTC stock overvalued?
Based on historical data, Semtech Corporation is trading at a P/E of -52.8x. Compare with industry peers and growth rates for a complete picture.
What are Semtech Corporation's profit margins?
Semtech Corporation has 50.1% gross margin and 6.8% operating margin.
How much debt does Semtech Corporation have?
Semtech Corporation's Debt/EBITDA ratio is 5.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.