Latest Ratios: P/E Ratio 9999.0x · EV/EBITDA 363.6x · ROE 0.0%. (1996–2025 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 | $5.5B | $2.1B | $2.5B | $2.8B | $2.4B | $3.7B | $1.4B | $1.5B | $1.7B | $1.6B | $916M |
| Enterprise Value | $5.4B | $2.0B | $2.3B | $2.3B | $1.8B | $3.4B | $1.2B | $1.3B | $1.4B | $1.2B | $385M |
| P/E Ratio → | 9999.00 | 10085.00 | — | 49.12 | 5.43 | 10.15 | 26.37 | 130.44 | 29.80 | 13.92 | 19.30 |
| P/S Ratio | 8.47 | 3.28 | 3.53 | 3.77 | 1.57 | 2.46 | 2.23 | 2.87 | 1.89 | 1.92 | 1.46 |
| P/B Ratio | 6.86 | 2.61 | 2.64 | 2.38 | 1.97 | 3.40 | 1.83 | 2.01 | 1.91 | 1.70 | 1.14 |
| P/FCF | 57.50 | 22.27 | 167.22 | 21.69 | 6.42 | 13.44 | 16.77 | 28.56 | 16.30 | 14.04 | 14.73 |
| P/OCF | 48.79 | 18.89 | 80.22 | 16.14 | 6.04 | 12.42 | 14.69 | 23.47 | 13.59 | 11.40 | 13.39 |
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 | — | 3.01 | 3.26 | 3.12 | 1.23 | 2.24 | 1.96 | 2.33 | 1.54 | 1.46 | 0.61 |
| EV / EBITDA | 363.61 | 133.47 | — | 33.94 | 3.75 | 7.88 | 15.63 | 30.05 | 7.40 | 9.11 | 5.48 |
| EV / EBIT | — | 95.52 | — | 32.04 | 3.86 | 8.21 | 18.52 | 34.28 | 7.69 | 9.85 | 6.72 |
| EV / FCF | — | 20.43 | 154.72 | 17.97 | 5.02 | 12.29 | 14.79 | 23.23 | 13.33 | 10.64 | 6.19 |
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 | 42.5% | 42.5% | 38.1% | 48.3% | 49.8% | 45.9% | 47.8% | 47.1% | 46.1% | 47.2% | 44.8% |
| Operating Margin | -0.5% | -0.5% | -13.1% | 5.3% | 31.3% | 27.2% | 9.4% | 4.0% | 18.7% | 14.0% | 8.6% |
| Net Profit Margin | 0.0% | 0.0% | -9.8% | 7.7% | 28.8% | 24.2% | 8.4% | 2.2% | 6.4% | 15.6% | 7.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.0% | 0.0% | -6.5% | 4.8% | 37.9% | 39.6% | 6.8% | 1.4% | 6.3% | 14.7% | 6.1% |
| ROA | 0.0% | 0.0% | -5.0% | 3.7% | 27.2% | 27.6% | 4.9% | 1.0% | 4.8% | 11.7% | 5.1% |
| ROIC | -0.3% | -0.3% | -9.6% | 4.3% | 48.4% | 45.2% | 8.2% | 3.1% | 22.5% | 20.9% | 14.3% |
| ROCE | -0.3% | -0.3% | -7.8% | 3.0% | 36.3% | 38.4% | 6.5% | 2.3% | 16.8% | 12.3% | 6.4% |
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 | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 | 0.04 | 0.03 | 0.10 | 0.02 | 0.02 | 0.02 |
| Debt / EBITDA | 2.61 | 2.61 | — | 0.71 | 0.08 | 0.10 | 0.31 | 1.79 | 0.08 | 0.12 | 0.24 |
| Net Debt / Equity | — | -0.22 | -0.20 | -0.41 | -0.43 | -0.29 | -0.22 | -0.38 | -0.35 | -0.41 | -0.66 |
| Net Debt / EBITDA | -12.01 | -12.01 | — | -7.04 | -1.05 | -0.74 | -2.09 | -6.90 | -1.65 | -2.91 | -7.57 |
| Debt / FCF | — | -1.84 | -12.50 | -3.73 | -1.40 | -1.15 | -1.98 | -5.33 | -2.97 | -3.40 | -8.54 |
| Interest Coverage | 153.81 | 153.81 | -654.67 | 509.46 | 2294.21 | 1902.61 | 38.49 | 17.88 | 169.45 | 112.91 | 51.74 |
Net cash position: cash ($216M) exceeds total debt ($39M)
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 | 4.79 | 4.79 | 5.41 | 6.55 | 5.36 | 3.84 | 5.45 | 5.12 | 5.67 | 4.76 | 6.58 |
| Quick Ratio | 3.94 | 3.94 | 4.45 | 5.35 | 4.61 | 3.37 | 4.74 | 4.61 | 5.01 | 4.15 | 5.85 |
| Cash Ratio | 2.71 | 2.71 | 3.14 | 4.18 | 3.12 | 2.10 | 3.36 | 3.40 | 3.53 | 3.04 | 4.62 |
| Asset Turnover | — | 0.59 | 0.57 | 0.50 | 0.95 | 0.95 | 0.59 | 0.50 | 0.75 | 0.69 | 0.64 |
| Inventory Turnover | 2.35 | 2.35 | 2.46 | 1.77 | 4.08 | 4.90 | 2.91 | 3.20 | 4.16 | 3.50 | 3.97 |
| Days Sales Outstanding | — | 102.42 | 100.22 | 82.97 | 75.09 | 101.30 | 116.35 | 132.35 | 99.91 | 89.54 | 75.92 |
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 | 1.0% | 2.5% | 1.8% | 1.5% | 1.7% | 0.9% | 2.2% | 2.0% | 0.5% | — | — |
| Payout Ratio | 25382.6% | 25382.6% | — | 73.6% | 9.1% | 9.1% | 57.8% | 270.9% | 14.4% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.0% | 0.0% | — | 2.0% | 18.4% | 9.9% | 3.8% | 0.8% | 3.4% | 7.2% | 5.2% |
| FCF Yield | 1.7% | 4.5% | 0.6% | 4.6% | 15.6% | 7.4% | 6.0% | 3.5% | 6.1% | 7.1% | 6.8% |
| Buyback Yield | 1.8% | 4.5% | 6.1% | 2.5% | 11.9% | 0.3% | 3.9% | 6.5% | 5.4% | 1.2% | 1.6% |
| Total Shareholder Yield | 2.7% | 7.0% | 7.8% | 4.0% | 13.6% | 1.2% | 6.1% | 8.5% | 5.9% | 1.2% | 1.6% |
| Shares Outstanding | — | $53M | $56M | $58M | $61M | $64M | $63M | $66M | $70M | $72M | $71M |
Cyclical OSAT demand volatility
According to current market data, KLIC trades at a forward P/E of 36.69, which appears to price in a significant recovery that remains contingent on the timing of OSAT capacity expansion cycles rather than immediate earnings growth, as evidenced by the TTM P/E of 9999.00.
The extreme disparity between trailing and forward multiples suggests that the market is looking past current cyclical troughs toward a normalized earnings environment. Investors should monitor whether this valuation premium is justified by the company's ability to capture share in advanced packaging, or if it reflects an overly optimistic outlook on the speed of the semiconductor recovery.
Based on reported figures, KLIC's ROIC has experienced significant volatility, dropping to -0.7% in 2025Q3 before recovering to 5.1% in 2026Q2, which highlights the difficulty of compounding returns when operating margins are compressed by cyclical revenue declines and high fixed R&D costs.
The erratic nature of ROIC suggests that the company's capital efficiency is highly sensitive to volume-driven margin expansion. The inability to maintain consistent double-digit returns warrants further investigation into whether the current R&D spend is effectively translating into competitive advantages in high-growth packaging segments.
As reported in recent financial statements, KLIC's cash conversion cycle has remained elevated, peaking at 268 days in 2025Q1, which suggests that the company's reliance on long-lead-time inventory and customer acceptance processes creates significant friction in its ability to generate rapid cash flow from operations.
The high DIO and DSO figures indicate that the company is carrying substantial inventory risk, which may be exacerbated if older generation bonders become obsolete. This structural inefficiency appears to be a byproduct of the 'razor-blade' business model, where maintaining high service levels for OSAT customers necessitates significant capital tied up in working capital.
Based on the latest quarterly filings, KLIC maintains a negligible debt-to-equity ratio of 0.05, providing a substantial buffer against the cyclical revenue volatility that has historically pressured its operating margins and cash flow generation during semiconductor industry downturns.
This minimal leverage profile is a critical differentiator compared to more capital-intensive peers, allowing the company to sustain R&D investment even when operating margins are near zero. Investors should view this as a defensive moat that mitigates the risk of insolvency during prolonged periods of low OSAT utilization.
The P/E ratio is frequently misapplied to KLIC, as the company's earnings are heavily distorted by non-recurring items and cyclical revenue recognition, making it a poor metric for assessing the underlying earning power of its core wire bonding and aftermarket services business.
Analysts should instead focus on EV/Sales or normalized EBITDA, which better account for the company's cyclicality and the 'lumpy' nature of capital equipment revenue. Relying on P/E in a trough period risks misinterpreting a temporary margin compression as a permanent decline in the company's fundamental value.
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Quick answers to the most common questions about buying KLIC stock.
Kulicke and Soffa Industries, Inc.'s current P/E ratio is 9999.0x. The historical average is 23.4x. This places it at the 100th percentile of its historical range.
Kulicke and Soffa Industries, Inc.'s current EV/EBITDA is 363.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.6x.
Kulicke and Soffa Industries, Inc.'s return on equity (ROE) is 0.0%. The historical average is 10.9%.
Based on historical data, Kulicke and Soffa Industries, Inc. is trading at a P/E of 9999.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Kulicke and Soffa Industries, Inc.'s current dividend yield is 0.96% with a payout ratio of 25382.6%.
Kulicke and Soffa Industries, Inc. has 42.5% gross margin and -0.5% operating margin.
Kulicke and Soffa Industries, Inc.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.