Latest Ratios: P/E Ratio 5856.5x · EV/EBITDA 309.7x · ROE 0.4%. (1995–2025 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 | $17.9B | $10.9B | $8.2B | $9.6B | $9.1B | $11.0B | $6.5B | $2.6B | $876M | $709M | $883M |
| Enterprise Value | $17.8B | $10.8B | $8.0B | $9.5B | $9.1B | $11.0B | $6.5B | $2.7B | $1.0B | $903M | $1.1B |
| P/E Ratio → | 5856.50 | 3526.91 | 134.00 | 37.29 | 51.09 | 115.01 | 134.76 | 59.81 | — | — | — |
| P/S Ratio | 34.20 | 20.78 | 16.01 | 13.08 | 13.82 | 21.26 | 15.86 | 6.50 | 2.20 | 1.84 | 2.07 |
| P/B Ratio | 25.28 | 15.23 | 11.47 | 13.94 | 18.73 | 26.61 | 16.84 | 8.02 | 3.39 | 3.26 | 3.27 |
| P/FCF | 134.96 | 82.01 | 68.02 | 40.81 | 42.36 | 69.38 | 81.36 | 24.21 | 25.06 | 43.98 | 55.26 |
| P/OCF | 102.18 | 62.09 | 57.89 | 35.77 | 38.22 | 65.31 | 70.60 | 21.17 | 17.02 | 18.41 | 21.16 |
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 | — | 20.67 | 15.77 | 12.95 | 13.83 | 21.36 | 15.89 | 6.64 | 2.55 | 2.34 | 2.60 |
| EV / EBITDA | 309.73 | 187.82 | 99.53 | 37.65 | 40.90 | 83.48 | 77.69 | 27.40 | 28.60 | 88.22 | 31.65 |
| EV / EBIT | 1167.69 | 708.09 | 132.41 | 44.56 | 47.94 | 106.92 | 124.33 | 47.22 | — | — | — |
| EV / FCF | — | 81.59 | 67.01 | 40.38 | 42.37 | 69.70 | 81.50 | 24.71 | 29.08 | 56.03 | 69.53 |
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 | 68.2% | 68.2% | 66.8% | 69.8% | 68.5% | 62.4% | 60.1% | 59.0% | 55.0% | 56.1% | 57.7% |
| Operating Margin | 2.9% | 2.9% | 6.8% | 28.8% | 28.4% | 19.6% | 12.8% | 14.6% | -0.8% | -12.3% | -6.3% |
| Net Profit Margin | 0.6% | 0.6% | 12.0% | 35.1% | 27.1% | 18.6% | 11.6% | 10.8% | -6.6% | -18.3% | -12.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.4% | 0.4% | 8.7% | 43.9% | 39.8% | 24.1% | 13.3% | 14.8% | -11.1% | -28.9% | -18.8% |
| ROA | 0.4% | 0.4% | 7.3% | 31.6% | 23.5% | 13.6% | 7.3% | 7.0% | -4.2% | -10.1% | -7.0% |
| ROIC | 1.8% | 1.8% | 4.4% | 29.5% | 29.5% | 17.6% | 10.1% | 11.3% | -0.6% | -8.0% | -3.9% |
| ROCE | 2.0% | 2.0% | 4.6% | 30.0% | 29.0% | 16.5% | 9.4% | 11.1% | -0.6% | -8.1% | -4.1% |
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 | 0.11 | 0.11 | 0.02 | 0.04 | 0.31 | 0.44 | 0.50 | 0.53 | 1.00 | 1.38 | 1.24 |
| Debt / EBITDA | 1.36 | 1.36 | 0.19 | 0.11 | 0.67 | 1.39 | 2.32 | 1.76 | 7.31 | 29.41 | 9.53 |
| Net Debt / Equity | — | -0.08 | -0.17 | -0.15 | 0.01 | 0.12 | 0.03 | 0.17 | 0.54 | 0.89 | 0.84 |
| Net Debt / EBITDA | -0.97 | -0.97 | -1.50 | -0.40 | 0.01 | 0.39 | 0.14 | 0.56 | 3.96 | 18.98 | 6.50 |
| Debt / FCF | — | -0.42 | -1.01 | -0.43 | 0.01 | 0.32 | 0.14 | 0.50 | 4.02 | 12.05 | 14.27 |
| Interest Coverage | 57.86 | 57.86 | 228.11 | 72.19 | 45.93 | 37.59 | 14.09 | 4.84 | -0.16 | -2.71 | -1.17 |
Net cash position: cash ($134M) exceeds total debt ($78M)
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 | 3.09 | 3.09 | 3.66 | 3.78 | 2.98 | 2.84 | 4.19 | 2.63 | 4.10 | 3.15 | 2.25 |
| Quick Ratio | 2.33 | 2.33 | 2.62 | 2.76 | 2.11 | 2.20 | 3.38 | 2.08 | 3.13 | 2.19 | 1.69 |
| Cash Ratio | 1.14 | 1.14 | 1.37 | 1.32 | 1.14 | 1.24 | 2.29 | 1.18 | 1.85 | 1.34 | 0.84 |
| Asset Turnover | — | 0.59 | 0.60 | 0.88 | 0.83 | 0.71 | 0.60 | 0.66 | 0.64 | 0.61 | 0.56 |
| Inventory Turnover | 1.86 | 1.86 | 1.63 | 2.25 | 1.89 | 2.86 | 2.52 | 3.01 | 2.67 | 2.12 | 2.28 |
| Days Sales Outstanding | — | 71.34 | 58.08 | 51.68 | 51.97 | 56.56 | 57.76 | 58.64 | 55.73 | 52.11 | 85.16 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| 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% | 0.7% | 2.7% | 2.0% | 0.9% | 0.7% | 1.7% | — | — | — |
| FCF Yield | 0.7% | 1.2% | 1.5% | 2.5% | 2.4% | 1.4% | 1.2% | 4.1% | 4.0% | 2.3% | 1.8% |
| Buyback Yield | 0.6% | 0.9% | 0.8% | 0.8% | 1.2% | 0.6% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.6% | 0.9% | 0.8% | 0.8% | 1.2% | 0.6% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $138M | $138M | $140M | $141M | $142M | $141M | $137M | $127M | $123M | $120M |
Operating margin compression
Based on current market data, LSCC trades at a forward P/E of 132.11, a valuation multiple that appears to price in significant future growth that is currently not supported by the company's recent 2.72% year-over-year revenue expansion as reported in the latest financial disclosures.
The extreme P/E ratio suggests that investors are assigning a scarcity premium to the company's FPGA niche, yet this valuation appears disconnected from the current cyclical slowdown. Investors should monitor whether this multiple contracts as the market reconciles the high price with the reality of stagnant near-term growth.
As reported in recent financial statements, LSCC's ROIC has declined to 3.0% in 2026Q1 from a peak of 5.8% in 2023Q4, indicating that the company is currently struggling to compound returns on its invested capital during this period of elevated research and development spending.
The compression in ROIC suggests that the capital deployed into the Avant platform has yet to generate the expected incremental returns. This trend warrants further investigation into whether the company's R&D intensity is creating a durable competitive advantage or merely inflating the asset base without commensurate earnings growth.
According to the quarterly data, the cash conversion cycle has expanded significantly to 113 days in 2026Q1, driven largely by an inventory turnover period that reached 152 days, suggesting that the company is facing challenges in clearing channel inventory during the current semiconductor industry downturn.
The lengthening of the cash conversion cycle indicates that capital is increasingly trapped in inventory, which may pose a risk to liquidity if demand does not recover as anticipated. This inefficiency appears structural in the current environment, as the company continues to manage high levels of stock relative to its sales velocity.
Based on the latest quarterly figures, LSCC maintains a current ratio of 3.48, providing a robust liquidity cushion that appears sufficient to withstand prolonged operational stress or further delays in the semiconductor industry's inventory correction cycle as noted in recent regulatory filings.
The company's ability to maintain a high current ratio despite recent profitability challenges suggests a conservative approach to balance sheet management. This liquidity position provides management with the flexibility to continue funding long-term product development without the immediate need for external financing or debt-based capital.
The P/E ratio is frequently misapplied to LSCC because it fails to account for the significant non-cash impact of stock-based compensation, which, as reported in recent filings, can materially distort net income and obscure the company's true underlying cash-generating capability during periods of operational transition.
Investors should instead focus on free cash flow yield or EV/EBITDA, as these metrics provide a clearer view of the company's core profitability by stripping out the accounting noise of equity-based expenses. Relying on P/E in this context may lead to an inaccurate assessment of the company's valuation relative to its actual cash-generating power.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying LSCC stock.
Lattice Semiconductor Corporation's current P/E ratio is 5856.5x. The historical average is 45.8x. This places it at the 100th percentile of its historical range.
Lattice Semiconductor Corporation's current EV/EBITDA is 309.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 36.1x.
Lattice Semiconductor Corporation's return on equity (ROE) is 0.4%. The historical average is 1.3%.
Based on historical data, Lattice Semiconductor Corporation is trading at a P/E of 5856.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Lattice Semiconductor Corporation has 68.2% gross margin and 2.9% operating margin.
Lattice Semiconductor Corporation's Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.