Latest Ratios: P/E Ratio 46.6x · EV/EBITDA 15.8x · ROE 8.6%. (1997–2025 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 | $17.3B | $9.8B | $6.4B | $8.2B | $5.9B | $6.1B | $3.7B | $3.1B | $1.6B | $2.4B | $2.5B |
| Enterprise Value | $17.5B | $10.0B | $6.7B | $8.5B | $6.5B | $6.7B | $4.4B | $3.9B | $2.2B | $3.2B | $3.4B |
| P/E Ratio → | 46.59 | 26.32 | 17.97 | 22.79 | 7.71 | 9.46 | 10.77 | 26.00 | 12.38 | 9.22 | 15.29 |
| P/S Ratio | 2.58 | 1.46 | 1.01 | 1.26 | 0.83 | 0.99 | 0.72 | 0.77 | 0.36 | 0.58 | 0.64 |
| P/B Ratio | 3.85 | 2.18 | 1.52 | 2.06 | 1.60 | 2.05 | 1.55 | 1.57 | 0.85 | 1.42 | 1.79 |
| P/FCF | 90.67 | 51.33 | 18.46 | 15.80 | 31.00 | 17.84 | 16.83 | 34.15 | 13.52 | 35.77 | 31.64 |
| P/OCF | 15.81 | 8.95 | 5.85 | 6.48 | 5.37 | 5.43 | 4.74 | 5.54 | 2.37 | 3.90 | 3.44 |
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 | — | 1.49 | 1.06 | 1.31 | 0.92 | 1.09 | 0.86 | 0.97 | 0.51 | 0.76 | 0.88 |
| EV / EBITDA | 15.78 | 9.01 | 6.50 | 7.76 | 4.34 | 5.06 | 4.50 | 5.18 | 2.68 | 3.63 | 4.04 |
| EV / EBIT | 37.45 | 19.21 | 13.54 | 16.99 | 7.15 | 8.76 | 9.66 | 16.71 | 8.39 | 10.66 | 10.93 |
| EV / FCF | — | 52.31 | 19.46 | 16.42 | 34.37 | 19.67 | 20.06 | 42.91 | 19.10 | 47.15 | 43.28 |
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 | 14.0% | 14.0% | 14.8% | 14.5% | 18.8% | 20.0% | 17.8% | 16.0% | 16.5% | 18.1% | 17.9% |
| Operating Margin | 7.0% | 7.0% | 6.9% | 7.2% | 12.7% | 12.4% | 9.1% | 5.8% | 6.0% | 7.0% | 7.5% |
| Net Profit Margin | 5.6% | 5.6% | 5.6% | 5.5% | 10.8% | 10.5% | 6.7% | 3.0% | 2.9% | 6.2% | 4.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.6% | 8.6% | 8.7% | 9.4% | 23.0% | 24.1% | 15.6% | 6.3% | 7.2% | 16.9% | 12.5% |
| ROA | 5.0% | 5.0% | 5.2% | 5.3% | 11.9% | 11.6% | 7.0% | 2.6% | 2.8% | 6.1% | 4.0% |
| ROIC | 7.6% | 7.6% | 7.4% | 8.1% | 16.9% | 17.2% | 11.7% | 6.6% | 7.8% | 9.2% | 9.5% |
| ROCE | 7.8% | 7.8% | 8.1% | 8.9% | 18.9% | 18.9% | 12.5% | 6.7% | 7.9% | 9.4% | 9.6% |
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 | 0.35 | 0.35 | 0.35 | 0.36 | 0.43 | 0.49 | 0.59 | 0.85 | 0.72 | 0.81 | 1.05 |
| Debt / EBITDA | 1.41 | 1.41 | 1.43 | 1.31 | 1.06 | 1.10 | 1.45 | 2.24 | 1.60 | 1.56 | 1.74 |
| Net Debt / Equity | — | 0.04 | 0.08 | 0.08 | 0.17 | 0.21 | 0.30 | 0.40 | 0.35 | 0.45 | 0.66 |
| Net Debt / EBITDA | 0.17 | 0.17 | 0.34 | 0.29 | 0.43 | 0.47 | 0.72 | 1.06 | 0.78 | 0.88 | 1.09 |
| Debt / FCF | — | 0.98 | 1.01 | 0.62 | 3.37 | 1.84 | 3.23 | 8.76 | 5.57 | 11.38 | 11.63 |
| Interest Coverage | 6.89 | 6.89 | 7.64 | 8.52 | 15.63 | 14.88 | 7.03 | 3.28 | 3.35 | 3.48 | 3.71 |
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 | 2.27 | 2.27 | 2.11 | 2.31 | 1.99 | 1.70 | 1.62 | 1.89 | 1.44 | 1.21 | 1.40 |
| Quick Ratio | 2.01 | 2.01 | 1.90 | 2.02 | 1.61 | 1.41 | 1.39 | 1.68 | 1.24 | 0.97 | 1.14 |
| Cash Ratio | 1.16 | 1.16 | 1.13 | 1.15 | 0.75 | 0.64 | 0.63 | 0.84 | 0.59 | 0.44 | 0.55 |
| Asset Turnover | — | 0.82 | 0.91 | 0.96 | 1.04 | 1.02 | 1.01 | 0.86 | 0.96 | 0.93 | 0.95 |
| Inventory Turnover | 13.18 | 13.18 | 17.32 | 14.14 | 9.15 | 10.13 | 13.96 | 15.43 | 15.64 | 10.50 | 11.93 |
| Days Sales Outstanding | — | 73.72 | 60.95 | 64.52 | 70.28 | 74.85 | 69.57 | 76.62 | 61.26 | 69.60 | 52.79 |
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 | 0.5% | 0.8% | 2.8% | 0.9% | 0.9% | 0.8% | — | — | — | — | 0.0% |
| Payout Ratio | 21.9% | 21.9% | 50.5% | 20.8% | 7.2% | 8.0% | — | — | — | — | 0.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.1% | 3.8% | 5.6% | 4.4% | 13.0% | 10.6% | 9.3% | 3.8% | 8.1% | 10.8% | 6.5% |
| FCF Yield | 1.1% | 1.9% | 5.4% | 6.3% | 3.2% | 5.6% | 5.9% | 2.9% | 7.4% | 2.8% | 3.2% |
| 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 | 0.5% | 0.8% | 2.8% | 0.9% | 0.9% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $248M | $248M | $247M | $246M | $246M | $242M | $240M | $240M | $240M | $238M |
High Fixed Cost Sensitivity
Based on current market data, Amkor trades at a 52.48x TTM P/E ratio, which appears elevated relative to its historical averages and suggests that investors are pricing in significant future earnings expansion despite the company's recent history of volatile profitability and cyclical revenue performance.
The forward P/E of 37.83 indicates that the market anticipates a substantial recovery in earnings, likely driven by the transition toward advanced packaging. However, given the 102.14x P/FCF multiple, the valuation appears disconnected from current cash generation, warranting caution regarding the sustainability of these premium multiples.
As reported in financial statements, Amkor's ROIC has struggled to exceed 3% in recent quarters, peaking at 2.9% in 2025Q4, which indicates that the company is currently failing to generate returns on invested capital that meaningfully exceed its likely cost of capital in this environment.
The low ROIC trend suggests that the heavy capital expenditure required for advanced packaging capacity is not yet yielding commensurate returns. Investors should monitor whether the recent expansion in Vietnam can drive higher asset utilization and improve these returns over the coming fiscal years.
According to quarterly filings, Amkor's cash conversion cycle has fluctuated between 34 and 49 days over the last ten quarters, reflecting the inherent difficulty in managing inventory and receivables within a highly cyclical semiconductor assembly and test environment that is sensitive to global consumer demand.
The variability in the CCC suggests that the company's working capital efficiency is highly dependent on the timing of customer orders and material procurement. A sustained increase in the CCC could indicate potential inventory buildup, which would further pressure the company's already strained free cash flow.
Based on reported figures, Amkor maintains a disciplined capital structure with a debt-to-equity ratio of 0.32 as of 2026Q1, which provides a significant degree of financial flexibility compared to more highly leveraged peers in the broader industrial and semiconductor manufacturing sectors.
This low leverage profile is a critical defensive feature, allowing the company to navigate cyclical downturns without the immediate threat of refinancing risk. The interest coverage ratio, while volatile, remains sufficient to support the current debt load, suggesting that the balance sheet is not a primary source of risk.
The P/E ratio is frequently misapplied to Amkor's business model because it fails to account for the massive non-cash depreciation charges inherent in the OSAT industry, which significantly distort net income and make the company appear more expensive than its underlying cash-generating capability would suggest.
Analysts should prioritize EV/EBITDA or P/FCF to better assess the company's true economic performance, as these metrics normalize for the capital-intensive nature of the business. Relying solely on P/E ignores the reality that Amkor's earnings are heavily influenced by accounting choices regarding asset useful lives.
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying AMKR stock.
Amkor Technology, Inc.'s current P/E ratio is 46.6x. The historical average is 15.7x. This places it at the 100th percentile of its historical range.
Amkor Technology, Inc.'s current EV/EBITDA is 15.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.5x.
Amkor Technology, Inc.'s return on equity (ROE) is 8.6%. The historical average is 5.1%.
Based on historical data, Amkor Technology, Inc. is trading at a P/E of 46.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Amkor Technology, Inc.'s current dividend yield is 0.47% with a payout ratio of 21.9%.
Amkor Technology, Inc. has 14.0% gross margin and 7.0% operating margin.
Amkor Technology, Inc.'s Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.