Latest Ratios: P/E Ratio -8.6x · EV/EBITDA N/A · ROE -47.1%. (2020–2025 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $391M | $120M | $207M | — | — | — | — |
| Enterprise Value | $385M | $115M | $190M | — | — | — | — |
| P/E Ratio → | -8.60 | — | — | — | — | — | — |
| P/S Ratio | 6.20 | 1.91 | 3.48 | — | — | — | — |
| P/B Ratio | 4.74 | 1.61 | 2.07 | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.82 | 3.18 | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 78.3% | 78.3% | 79.8% | 82.8% | 80.9% | 79.4% | 78.5% |
| Operating Margin | -21.7% | -21.7% | -67.5% | 2.1% | -4.0% | -8.4% | 9.0% |
| Net Profit Margin | -65.3% | -65.3% | -66.0% | -0.6% | -8.5% | -4.4% | 6.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -47.1% | -47.1% | -72.0% | -3.3% | -32.2% | -11.7% | 14.8% |
| ROA | -31.1% | -31.1% | -43.0% | -0.8% | -10.6% | -4.8% | 6.1% |
| ROIC | -13.6% | -13.6% | -66.3% | 7.8% | -13.3% | -27.7% | 24.8% |
| ROCE | -14.2% | -14.2% | -65.1% | 7.1% | -10.8% | -17.2% | 16.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.02 | 0.42 | 0.84 | 0.03 | 0.20 |
| Debt / EBITDA | — | — | — | 2.27 | — | — | 0.78 |
| Net Debt / Equity | — | -0.08 | -0.18 | -0.05 | 0.30 | -0.43 | -0.36 |
| Net Debt / EBITDA | — | — | — | -0.28 | — | — | -1.40 |
| Debt / FCF | — | — | — | -0.58 | — | — | -1.18 |
| Interest Coverage | -19.61 | -19.61 | -42.29 | 1.82 | -5.28 | -3.97 | 4.64 |
Net cash position: cash ($9M) exceeds total debt ($3M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.20 | 1.20 | 3.11 | 0.84 | 0.92 | 1.20 | 1.31 |
| Quick Ratio | 1.20 | 1.20 | 3.11 | 0.83 | 0.92 | 1.20 | 1.31 |
| Cash Ratio | 0.26 | 0.26 | 2.40 | 0.18 | 0.24 | 0.40 | 0.50 |
| Asset Turnover | — | 0.51 | 0.42 | 1.33 | 1.20 | 1.17 | 0.96 |
| Inventory Turnover | — | — | — | 89.94 | — | — | — |
| Days Sales Outstanding | — | 133.54 | 134.81 | 91.85 | 114.64 | 109.53 | 125.23 |
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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $30M | $26M | $29M | $29M | $42M | $43M |
Persistent Operating Cash Burn
According to current market data, Silvaco trades at a forward P/E of 219.05, a multiple that appears disconnected from its historical inability to generate consistent GAAP profitability and suggests investors are pricing in an aggressive, yet unproven, long-term margin expansion trajectory relative to established EDA peers.
The elevated forward multiple implies that the market is discounting significant future earnings growth that has not yet materialized in the company's recent financial performance. Given the persistent operating losses, this valuation appears highly sensitive to execution risks, as any delay in achieving scale could lead to a sharp downward re-rating of the stock.
Based on reported figures, Silvaco's ROIC has trended into negative territory, reaching -4.5% in 2026Q1, which indicates that the company is currently destroying shareholder value rather than compounding it, a stark contrast to the high-teens returns typically expected from mature software-centric technology firms.
The negative return on capital is primarily driven by the company's inability to achieve operating leverage, as R&D and SG&A costs continue to outpace revenue growth. This trend warrants investigation into whether the current capital allocation strategy is sustainable without further dilutive financing to support ongoing operations.
As reported in recent financial statements, Silvaco's DSO has fluctuated significantly, peaking at 162 days in 2025Q2, which suggests that the company faces structural challenges in converting its software license and service contracts into cash, thereby exacerbating its already strained liquidity position compared to industry norms.
The extended collection cycle appears to be a major drag on the company's cash conversion efficiency, effectively tying up capital that is desperately needed to fund R&D. Investors should monitor whether these DSO levels are a result of customer payment terms or potential issues with contract realization timing.
Based on the most recent quarterly data, Silvaco's current ratio has tightened to 1.42, and with cash reserves dwindling to $9 million, the company appears increasingly vulnerable to liquidity stress should its operating cash burn continue at the levels observed over the past ten quarters.
The reliance on a narrow cash buffer suggests that the company has limited flexibility to navigate unexpected market downturns or increased competitive pressure. This liquidity profile may necessitate future capital raises, which could further dilute existing shareholders if the company fails to reach a cash-flow-positive state soon.
The most commonly misapplied metric for Silvaco is the Price-to-Sales (P/S) ratio, which obscures the company's structural inability to convert high gross margins into operating profit, leading to an overestimation of its intrinsic value compared to more scalable, mature software-as-a-service providers.
Because Silvaco's cost structure is heavily weighted toward specialized engineering talent rather than scalable cloud infrastructure, the P/S ratio fails to account for the high fixed-cost burden required to maintain its TCAD moat. Analysts should instead focus on the company's path to operating break-even and its ability to generate free cash flow, as these metrics provide a more accurate assessment of its long-term viability.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying SVCO stock.
Silvaco Group, Inc. Common Stock's current P/E ratio is -8.6x. This places it at the 50th percentile of its historical range.
Silvaco Group, Inc. Common Stock's return on equity (ROE) is -47.1%. The historical average is -25.2%.
Based on historical data, Silvaco Group, Inc. Common Stock is trading at a P/E of -8.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Silvaco Group, Inc. Common Stock has 78.3% gross margin and -21.7% operating margin.