Latest Ratios: P/E Ratio 20.2x · EV/EBITDA 18.7x · ROE 15.3%. (2002–2025 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 | $2.5B | $778M | $1.8B | $2.1B | $2.2B | $3.3B | $1.7B | $1.8B | $1.2B | $1.9B | $1.5B |
| Enterprise Value | $2.3B | $577M | $1.5B | $1.7B | $1.9B | $3.0B | $1.3B | $1.5B | $961M | $1.6B | $1.3B |
| P/E Ratio → | 20.20 | 6.35 | 5.12 | 38.78 | 12.59 | 16.58 | 21.12 | 27.71 | 12.41 | 25.34 | 13.62 |
| P/S Ratio | 2.82 | 0.88 | 2.27 | 3.21 | 2.29 | 3.61 | 3.12 | 3.91 | 2.35 | 3.63 | 2.71 |
| P/B Ratio | 2.98 | 0.94 | 2.36 | 2.79 | 2.96 | 5.06 | 3.02 | 3.33 | 2.33 | 3.85 | 3.41 |
| P/FCF | 398.29 | 124.00 | 55.66 | 20.76 | 42.57 | 22.16 | 17.34 | 26.84 | 37.33 | 20.62 | 13.31 |
| P/OCF | 40.71 | 12.67 | 23.61 | 13.76 | 25.91 | 18.80 | 14.53 | 23.24 | 11.52 | 18.30 | 12.01 |
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 | — | 0.65 | 1.93 | 2.72 | 2.05 | 3.22 | 2.49 | 3.21 | 1.81 | 2.99 | 2.26 |
| EV / EBITDA | 18.66 | 4.68 | 13.33 | 28.19 | 8.34 | 11.28 | 10.44 | 17.38 | 7.77 | 13.39 | 8.58 |
| EV / EBIT | 24.71 | 4.12 | 14.42 | 28.48 | 9.13 | 12.00 | 15.68 | 20.35 | 8.68 | 15.76 | 9.07 |
| EV / FCF | — | 91.85 | 47.31 | 17.60 | 38.08 | 19.78 | 13.84 | 22.04 | 28.79 | 17.00 | 11.11 |
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 | 48.3% | 48.3% | 45.9% | 42.3% | 49.2% | 50.0% | 48.2% | 48.6% | 49.2% | 48.0% | 49.4% |
| Operating Margin | 10.5% | 10.5% | 11.3% | 6.2% | 22.6% | 26.7% | 21.3% | 15.6% | 20.5% | 19.8% | 24.7% |
| Net Profit Margin | 13.9% | 13.9% | 11.1% | 8.3% | 18.2% | 21.7% | 14.8% | 14.1% | 18.9% | 14.3% | 19.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.3% | 15.3% | 11.8% | 7.2% | 24.8% | 32.9% | 14.6% | 12.0% | 19.5% | 16.0% | 27.6% |
| ROA | 10.9% | 10.9% | 8.7% | 5.4% | 17.9% | 23.3% | 11.1% | 9.4% | 14.7% | 11.5% | 21.1% |
| ROIC | 12.4% | 12.4% | 14.8% | 6.5% | 39.9% | 71.2% | 39.7% | 23.0% | 39.9% | 44.1% | 55.2% |
| ROCE | 10.8% | 10.8% | 11.2% | 5.1% | 29.2% | 38.6% | 19.9% | 12.6% | 20.2% | 21.3% | 33.2% |
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 | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | — | 0.05 | 0.06 |
| Debt / EBITDA | — | — | 0.02 | 0.04 | 0.01 | 0.01 | 0.02 | 0.04 | — | 0.21 | 0.17 |
| Net Debt / Equity | — | -0.24 | -0.35 | -0.42 | -0.31 | -0.54 | -0.61 | -0.60 | -0.53 | -0.68 | -0.56 |
| Net Debt / EBITDA | -1.64 | -1.64 | -2.35 | -5.06 | -0.98 | -1.36 | -2.64 | -3.78 | -2.30 | -2.86 | -1.70 |
| Debt / FCF | — | -32.15 | -8.35 | -3.16 | -4.49 | -2.38 | -3.50 | -4.80 | -8.54 | -3.63 | -2.20 |
| Interest Coverage | — | — | — | — | 2995.06 | — | — | 24070.85 | 293.04 | 235.04 | 1092.57 |
Net cash position: cash ($202M) exceeds total debt ($0)
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 | 2.79 | 2.79 | 3.99 | 3.73 | 4.29 | 2.91 | 3.89 | 4.49 | 4.45 | 3.21 | 3.27 |
| Quick Ratio | 1.54 | 1.54 | 2.98 | 2.71 | 2.72 | 2.33 | 3.20 | 3.79 | 3.72 | 2.68 | 2.77 |
| Cash Ratio | 0.60 | 0.60 | 1.38 | 1.48 | 1.26 | 1.28 | 2.16 | 2.59 | 2.59 | 2.07 | 1.90 |
| Asset Turnover | — | 0.73 | 0.78 | 0.63 | 0.98 | 0.95 | 0.73 | 0.66 | 0.79 | 0.75 | 0.92 |
| Inventory Turnover | 1.09 | 1.09 | 2.15 | 1.70 | 1.67 | 2.83 | 2.54 | 2.66 | 3.31 | 2.89 | 3.92 |
| Days Sales Outstanding | — | 87.19 | 106.17 | 111.19 | 79.53 | 82.56 | 78.36 | 86.80 | 63.15 | 55.19 | 48.30 |
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 | 2.7% | 8.6% | 3.7% | 0.8% | 2.3% | 1.6% | 2.9% | 2.5% | 3.5% | 1.7% | 1.5% |
| Payout Ratio | 54.8% | 54.8% | 75.4% | 31.6% | 28.9% | 27.1% | 61.3% | 68.4% | 43.2% | 42.8% | 20.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.0% | 15.7% | 19.5% | 2.6% | 7.9% | 6.0% | 4.7% | 3.6% | 8.1% | 3.9% | 7.3% |
| FCF Yield | 0.3% | 0.8% | 1.8% | 4.8% | 2.3% | 4.5% | 5.8% | 3.7% | 2.7% | 4.8% | 7.5% |
| Buyback Yield | 1.0% | 3.1% | 0.0% | 0.0% | 6.1% | 1.4% | 1.5% | 1.5% | 2.7% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.7% | 11.8% | 3.7% | 0.8% | 8.4% | 3.0% | 4.4% | 3.9% | 6.2% | 1.7% | 1.5% |
| Shares Outstanding | — | $8M | $34M | $33M | $33M | $35M | $35M | $35M | $36M | $36M | $36M |
Cyclical and geopolitical exposure
According to current market data, Silicon Motion trades at a forward P/E of 34.62, which suggests that investors are pricing in a significant earnings rebound following the recent cyclical trough, despite the company's historical P/E TTM of 20.91 indicating a more conservative valuation baseline.
The disparity between trailing and forward multiples implies that the market anticipates a sharp recovery in profitability as NAND pricing stabilizes and inventory levels normalize. Investors should monitor whether this growth premium is justified by actual margin expansion, as the current forward P/E appears aggressive relative to the company's historical trading range.
As reported in financial statements, the company's ROIC has struggled to exceed 5.6% in 2026Q1, reflecting a period of capital-intensive investment in next-generation controller architectures that has yet to yield the compounding returns typically expected from a high-margin fabless semiconductor firm.
The modest ROIC trend suggests that the firm's heavy R&D spending and infrastructure investments are currently outpacing the immediate returns generated by its product portfolio. This warrants further investigation into whether the company can achieve better capital efficiency as its newer PCIe Gen 5 controller designs reach broader market adoption.
Based on the provided quarterly data, the cash conversion cycle has remained elevated, reaching 258 days in 2026Q1, which indicates that the company's working capital efficiency is currently hampered by significant inventory holding periods compared to its historical performance in more stable demand environments.
The persistent length of the cash conversion cycle suggests that Silicon Motion is carrying substantial inventory to mitigate supply chain risks, which ties up liquidity and increases exposure to potential write-downs. Investors should watch for a contraction in DIO as a signal that the company is successfully clearing its inventory backlog.
According to recent quarterly filings, the company maintains a current ratio of 2.85 as of 2026Q1, providing a robust liquidity cushion that appears sufficient to navigate the inherent volatility of the semiconductor storage market and support ongoing R&D requirements without immediate external financing needs.
While the current ratio has moderated from its 2024Q3 peak of 4.65, the company's liquidity position remains healthy relative to its peers. This financial flexibility is critical for maintaining operations during cyclical downturns, though it should be balanced against the company's commitment to consistent dividend payments.
The P/E ratio is frequently misapplied to Silicon Motion, as it obscures the significant impact of non-cash stock-based compensation and cyclical inventory write-downs that can artificially depress reported earnings, making the company appear more expensive or cheaper than its underlying cash-generating capacity would suggest.
Analysts should prioritize EV/EBITDA or free cash flow metrics to better assess the company's true earning power, as these measures are less susceptible to the accounting distortions inherent in the semiconductor industry. Relying solely on P/E may lead to an incomplete understanding of the firm's valuation during periods of high R&D investment.
Includes 30+ ratios · 24 years · Updated daily
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Quick answers to the most common questions about buying SIMO stock.
Silicon Motion Technology Corporation's current P/E ratio is 20.2x. The historical average is 16.3x. This places it at the 79th percentile of its historical range.
Silicon Motion Technology Corporation's current EV/EBITDA is 18.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.0x.
Silicon Motion Technology Corporation's return on equity (ROE) is 15.3%. The historical average is 12.6%.
Based on historical data, Silicon Motion Technology Corporation is trading at a P/E of 20.2x. This is at the 79th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Silicon Motion Technology Corporation's current dividend yield is 2.71% with a payout ratio of 54.8%.
Silicon Motion Technology Corporation has 48.3% gross margin and 10.5% operating margin. Operating margin between 10-20% is typical for established companies.