Latest Ratios: P/E Ratio -357.8x · EV/EBITDA N/A · ROE -4.6%. (2017–2025 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $16.2B | $8.8B | $5.0B | $2.7B | $2.3B | $6.2B | $1.8B | $269M | — | — |
| Enterprise Value | $16.2B | $8.8B | $5.0B | $2.7B | $2.3B | $5.6B | $1.7B | $257M | — | — |
| P/E Ratio → | -357.83 | — | — | — | 98.66 | 191.20 | — | — | — | — |
| P/S Ratio | 49.73 | 26.99 | 24.47 | 18.81 | 8.12 | 28.27 | 15.48 | 3.20 | — | — |
| P/B Ratio | 13.29 | 7.63 | 7.09 | 3.83 | 3.25 | 9.78 | 16.36 | 4.33 | — | — |
| P/FCF | 462.51 | 251.04 | — | — | 561.32 | 244.58 | 204.07 | 64.47 | — | — |
| P/OCF | 186.41 | 101.18 | 213.86 | 336.24 | 57.94 | 104.70 | 108.29 | 36.49 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 26.96 | 24.47 | 18.80 | 8.04 | 25.75 | 14.92 | 3.05 | — | — |
| EV / EBITDA | — | — | — | — | 81.44 | 138.19 | — | 75.48 | — | — |
| EV / EBIT | — | — | — | — | 141.19 | 171.54 | — | — | — | — |
| EV / FCF | — | 250.70 | — | — | 555.48 | 222.77 | 196.66 | 61.45 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.6% | 53.6% | 51.6% | 57.0% | 64.5% | 63.7% | 49.9% | 47.1% | 42.5% | 47.4% |
| Operating Margin | -18.5% | -18.5% | -56.9% | -74.4% | 5.7% | 15.0% | -7.4% | -5.8% | -9.1% | 5.5% |
| Net Profit Margin | -13.1% | -13.1% | -46.2% | -55.9% | 8.2% | 14.8% | -8.1% | -7.9% | -11.0% | 4.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -4.6% | -4.6% | -13.3% | -11.4% | 3.5% | 8.7% | -10.9% | -18.1% | -65.1% | 26.7% |
| ROA | -3.9% | -3.9% | -10.2% | -9.5% | 3.3% | 7.9% | -7.2% | -6.7% | -12.7% | 6.3% |
| ROIC | -4.9% | -4.9% | -12.3% | -11.6% | 3.2% | 39.3% | -13.7% | -7.4% | -11.6% | 8.1% |
| ROCE | -6.1% | -6.1% | -14.3% | -13.9% | 2.4% | 8.7% | -9.2% | -11.6% | -45.4% | 27.5% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 | 0.08 | 0.82 | 4.18 | 2.43 |
| Debt / EBITDA | — | — | — | — | 0.38 | 0.19 | — | 14.95 | — | 4.71 |
| Net Debt / Equity | — | -0.01 | 0.00 | -0.00 | -0.03 | -0.87 | -0.59 | -0.20 | 3.46 | 1.92 |
| Net Debt / EBITDA | — | — | — | — | -0.86 | -13.53 | — | -3.71 | — | 3.71 |
| Debt / FCF | — | -0.34 | — | — | -5.84 | -21.82 | -7.41 | -3.02 | — | — |
| Interest Coverage | — | — | — | — | — | — | -11.86 | -2.86 | -5.20 | 6.39 |
Net cash position: cash ($17M) exceeds total debt ($5M)
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 11.30 | 11.30 | 5.02 | 5.13 | 19.80 | 16.74 | 5.91 | 1.87 | 0.90 | 0.99 |
| Quick Ratio | 10.33 | 10.33 | 4.31 | 4.59 | 18.09 | 16.11 | 5.27 | 1.65 | 0.55 | 0.70 |
| Cash Ratio | 9.62 | 9.62 | 3.86 | 4.35 | 16.69 | 14.96 | 3.84 | 1.19 | 0.13 | 0.17 |
| Asset Turnover | — | 0.25 | 0.23 | 0.15 | 0.38 | 0.32 | 0.85 | 0.68 | 1.17 | 1.35 |
| Inventory Turnover | 1.86 | 1.86 | 1.28 | 0.94 | 1.75 | 3.36 | 4.71 | 3.74 | 2.39 | 3.46 |
| Days Sales Outstanding | — | 50.33 | 68.80 | 55.41 | 53.06 | 64.02 | 77.48 | 81.32 | 88.31 | 81.73 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 1.0% | 0.5% | — | — | — | — |
| FCF Yield | 0.2% | 0.4% | — | — | 0.2% | 0.4% | 0.5% | 1.6% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $25M | $23M | $22M | $23M | $21M | $16M | $11M | $14M | $14M |
Liquidity and Capital Adequacy
According to current market data, SiTime trades at a forward P/E of 85.70 and a P/S of 54.32, suggesting that investors are pricing in aggressive long-term market share capture rather than near-term profitability, a valuation stance that appears significantly elevated compared to traditional semiconductor peers.
The extreme P/S multiple indicates that the market is valuing the company as a high-growth software-like entity rather than a hardware manufacturer. This valuation warrants caution, as it implies a flawless execution of the MEMS transition that may not account for the cyclicality inherent in the semiconductor supply chain.
Based on reported figures, SiTime's ROIC has remained consistently negative, hovering around -1.0% to -4.0% over the last ten quarters, which indicates that the company is currently destroying shareholder value rather than compounding it through its heavy investment in R&D and market expansion.
The persistent negative returns on capital suggest that the company's aggressive spending on engineering talent and foundry partnerships has yet to yield a self-sustaining economic moat. Investors should monitor whether the recent revenue acceleration can eventually drive ROIC into positive territory as the company scales.
As reported in recent quarterly filings, SiTime's cash conversion cycle remains elevated, peaking at 410 days in 2024Q1 and settling at 164 days in 2026Q1, reflecting significant inefficiencies in inventory management and a reliance on long-lead-time manufacturing processes that tie up critical liquidity.
The high days inventory outstanding (DIO) suggests that the company may be carrying substantial buffer stock to mitigate supply chain risks, which is a prudent operational strategy but a drag on cash efficiency. This extended cycle necessitates a larger cash cushion than the company currently maintains.
Based on the most recent financial snapshot, the company's cash and equivalents of $16.76 million appear inadequate, as the current ratio of 12.48 is heavily skewed by inventory and receivables rather than liquid assets, leaving the firm vulnerable to sudden operational shocks or funding gaps.
While the current ratio appears high, the composition of assets suggests that liquidity is not readily available to cover ongoing operating losses. This structure implies that the company may face significant refinancing or dilution risks if the cash burn does not moderate in the coming quarters.
Investors frequently cite SiTime's 0.00% debt-to-equity ratio as a sign of financial strength, yet this metric obscures the company's structural fragility, as it ignores the persistent erosion of retained earnings and the critical need for external capital to fund ongoing R&D-driven operating losses.
The debt-to-equity ratio is a misleading indicator for a pre-profitability, high-growth semiconductor firm that relies on equity-based compensation and potential future capital raises. A more appropriate metric would be the 'cash burn rate' relative to total liquidity, which provides a clearer picture of the company's actual survival horizon.
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Quick answers to the most common questions about buying SITM stock.
SiTime Corporation's current P/E ratio is -357.8x. The historical average is 144.9x.
SiTime Corporation's return on equity (ROE) is -4.6%. The historical average is -9.4%.
Based on historical data, SiTime Corporation is trading at a P/E of -357.8x. Compare with industry peers and growth rates for a complete picture.
SiTime Corporation has 53.6% gross margin and -18.5% operating margin.