Latest Ratios: P/E Ratio -103.8x · EV/EBITDA 109.9x · ROE -3.3%. (2000–2025 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 | $4.9B | $2.5B | $3.5B | $3.3B | $5.2B | $5.7B | $2.0B | $1.0B | $1.7B | $1.8B | $2.0B |
| Enterprise Value | $5.4B | $3.0B | $3.7B | $3.4B | $5.5B | $5.7B | $1.8B | $1.1B | $1.9B | $1.7B | $1.9B |
| P/E Ratio → | -103.84 | — | 27.91 | 44.35 | 20.34 | 70.95 | 16.50 | — | — | 37.74 | 28.14 |
| P/S Ratio | 4.56 | 2.37 | 3.65 | 2.41 | 3.01 | 4.22 | 1.47 | 0.68 | 1.06 | 1.07 | 1.22 |
| P/B Ratio | 3.57 | 1.83 | 2.39 | 2.62 | 4.14 | 5.84 | 2.39 | 1.53 | 2.36 | 2.49 | 2.89 |
| P/FCF | 46.09 | 23.97 | — | 10.97 | 13.05 | 18.96 | 9.53 | 7.73 | 16.69 | 15.15 | 9.12 |
| P/OCF | 34.47 | 17.93 | 25.77 | 9.84 | 11.33 | 17.71 | 8.83 | 6.54 | 11.88 | 12.04 | 7.94 |
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 | — | 2.82 | 3.85 | 2.48 | 3.14 | 4.28 | 1.35 | 0.78 | 1.15 | 0.98 | 1.15 |
| EV / EBITDA | 109.86 | 61.93 | 485.70 | 10.79 | 10.96 | 19.95 | 12.22 | 11.08 | 25.68 | 10.75 | 10.70 |
| EV / EBIT | — | — | — | 18.55 | 15.56 | 38.31 | 9.87 | 2871.86 | — | 25.11 | 23.89 |
| EV / FCF | — | 28.57 | — | 11.33 | 13.59 | 19.22 | 8.74 | 8.80 | 18.14 | 13.91 | 8.60 |
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 | 44.7% | 44.7% | 45.8% | 52.8% | 54.2% | 45.6% | 40.7% | 33.8% | 29.4% | 30.5% | 34.9% |
| Operating Margin | -8.8% | -8.8% | -10.6% | 11.4% | 20.1% | 11.0% | 5.2% | -0.4% | -3.1% | 3.8% | 4.5% |
| Net Profit Margin | -4.4% | -4.4% | 13.1% | 5.4% | 14.8% | 5.9% | 8.9% | -1.6% | -7.6% | 2.8% | 4.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -3.3% | -3.3% | 9.3% | 5.9% | 23.1% | 8.9% | 16.1% | -3.3% | -16.9% | 6.8% | 9.6% |
| ROA | -1.8% | -1.8% | 4.6% | 2.7% | 10.1% | 4.1% | 7.7% | -1.6% | -9.0% | 3.8% | 5.1% |
| ROIC | -4.0% | -4.0% | -5.1% | 8.2% | 20.8% | 13.0% | 7.1% | -0.6% | -5.1% | 8.2% | 9.2% |
| ROCE | -3.9% | -3.9% | -4.1% | 6.5% | 18.3% | 10.2% | 5.3% | -0.5% | -4.6% | 6.8% | 7.4% |
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 | 0.63 | 0.63 | 0.73 | 0.83 | 0.82 | 0.95 | 0.73 | 0.71 | 0.62 | 0.29 | 0.33 |
| Debt / EBITDA | 17.96 | 17.96 | 140.36 | 3.30 | 2.09 | 3.18 | 4.09 | 4.52 | 6.18 | 1.38 | 1.31 |
| Net Debt / Equity | — | 0.35 | 0.13 | 0.08 | 0.17 | 0.08 | -0.20 | 0.21 | 0.21 | -0.20 | -0.17 |
| Net Debt / EBITDA | 9.97 | 9.97 | 24.97 | 0.34 | 0.44 | 0.27 | -1.10 | 1.35 | 2.05 | -0.96 | -0.65 |
| Debt / FCF | — | 4.60 | — | 0.35 | 0.54 | 0.26 | -0.79 | 1.08 | 1.45 | -1.24 | -0.52 |
| Interest Coverage | -1.85 | -1.85 | -0.91 | 3.27 | 11.61 | 5.07 | 8.08 | 0.02 | -2.68 | 11.22 | 16.75 |
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 | 2.78 | 2.78 | 4.19 | 4.89 | 3.03 | 1.50 | 4.41 | 2.88 | 2.61 | 2.55 | 2.22 |
| Quick Ratio | 2.26 | 2.26 | 3.78 | 4.36 | 2.66 | 1.40 | 4.00 | 2.25 | 2.14 | 2.13 | 1.81 |
| Cash Ratio | 1.67 | 1.67 | 3.16 | 3.59 | 1.89 | 1.06 | 3.13 | 1.29 | 1.06 | 1.18 | 1.00 |
| Asset Turnover | — | 0.42 | 0.34 | 0.52 | 0.61 | 0.60 | 0.79 | 1.04 | 1.09 | 1.36 | 1.28 |
| Inventory Turnover | 4.26 | 4.26 | 4.56 | 4.66 | 4.69 | 8.88 | 7.75 | 6.14 | 8.77 | 9.09 | 7.41 |
| Days Sales Outstanding | — | 44.27 | 54.63 | 44.50 | 67.83 | 62.20 | 53.44 | 57.02 | 64.73 | 54.21 | 55.31 |
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 | — | — | 3.6% | 2.3% | 4.9% | 1.4% | 6.1% | — | — | 2.6% | 3.6% |
| FCF Yield | 2.2% | 4.2% | — | 9.1% | 7.7% | 5.3% | 10.5% | 12.9% | 6.0% | 6.6% | 11.0% |
| Buyback Yield | 2.6% | 5.0% | 0.0% | 5.6% | 0.0% | 0.0% | 1.5% | 11.8% | 5.4% | 4.8% | 11.8% |
| Total Shareholder Yield | 2.6% | 5.0% | 0.0% | 5.6% | 0.0% | 0.0% | 1.5% | 11.8% | 5.4% | 4.8% | 11.8% |
| Shares Outstanding | — | $39M | $40M | $40M | $41M | $38M | $35M | $35M | $34M | $36M | $38M |
Persistent Operating Margin Deficit
Based on current market data, Synaptics trades at a forward P/E of 26.28, which appears to reflect a significant 'pivot discount' as investors weigh the decline of legacy mobile revenue against the long-term growth prospects of the company's specialized IoT and automotive semiconductor portfolio.
The valuation multiples suggest that the market remains skeptical of the company's ability to successfully transition its product mix, as evidenced by the high EV/EBITDA ratio of 105.38. Investors should monitor whether the current premium relative to historical averages is justified by the stickiness of automotive design wins or if it represents an over-optimistic assessment of edge AI capabilities.
According to quarterly financial reports, Synaptics has struggled to generate positive returns on invested capital, with ROIC remaining in negative territory at -0.5% in 2026Q3, indicating that the company's current capital allocation is not yet yielding the expected economic value from its recent strategic acquisitions.
The persistent negative ROIC suggests that the costs associated with integrating acquired technologies and maintaining high R&D levels are currently outpacing the returns generated by the core business. This trend warrants further investigation into whether the company's capital-intensive pivot will eventually drive margin expansion or if it will continue to dilute shareholder value.
As reported in recent filings, Synaptics' cash conversion cycle reached 87 days in 2026Q3, reflecting ongoing inefficiencies in managing inventory and receivables compared to the company's historical performance and the broader semiconductor industry's standard operating benchmarks for fabless manufacturers.
The elevated DIO of 90 days suggests that the company is still grappling with inventory normalization in the PC and enterprise channels, which may be tying up liquidity that could otherwise be deployed more effectively. Investors should monitor whether these working capital pressures are temporary cyclical headwinds or indicative of structural challenges in managing supply chain velocity.
Based on reported figures, Synaptics maintains a disciplined debt-to-equity ratio of 0.65 as of 2026Q3, which provides the company with significant financial flexibility to navigate the current period of operational transition without facing immediate refinancing risks or excessive interest expense burdens in a volatile rate environment.
The company's ability to maintain a stable balance sheet despite negative operating margins suggests a defensive posture that may be intended to support further opportunistic M&A. This leverage profile appears healthy relative to peers, though the lack of consistent interest coverage warrants close monitoring as the company continues its pivot.
The P/E ratio is frequently misapplied to Synaptics' business model, as it obscures the impact of significant non-cash charges like stock-based compensation and acquisition-related amortization that currently distort the company's GAAP earnings and fail to reflect the underlying cash-generating capacity of its core semiconductor operations.
Investors should instead focus on adjusted EBITDA or free cash flow metrics to better gauge the company's operational health during this transition phase. Relying on P/E multiples in the current context may lead to an inaccurate assessment of the company's true earning power and its ability to fund future growth initiatives.
Includes 30+ ratios · 26 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SYNA stock.
Synaptics Incorporated's current P/E ratio is -103.8x. The historical average is 31.7x.
Synaptics Incorporated's current EV/EBITDA is 109.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.3x.
Synaptics Incorporated's return on equity (ROE) is -3.3%. The historical average is 11.3%.
Based on historical data, Synaptics Incorporated is trading at a P/E of -103.8x. Compare with industry peers and growth rates for a complete picture.
Synaptics Incorporated has 44.7% gross margin and -8.8% operating margin.
Synaptics Incorporated's Debt/EBITDA ratio is 18.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.