Obermatt

FormFactor

NSQ:FORM · US3463751087
Semiconductors & Semiconductor EquipmentMedium

360

61
EV / EBIT24
Price / Owner Earnings1
Owner Earnings Yield25
Dividend Yield1
Price/Sales47
EV / Gross Profit32
Price/Book45
Return on Capital52
Cash Return on Capital25
Return on Equity36
EBIT Margin43
Gross Profitability71
Cash Conversion78
Accruals38
Owner Earnings Margin27
Sales growth54
Profit Growth58
Long-Term EPS Growth33
Reinvestment75
Price momentum75
Debt load76
Refinancing53
Debt Payback100
Liquidity98
Analyst ratings23
Opinion Changes72
Price Target Upside83
Market mood76
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

FormFactor generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustrySemiconductors & Semiconductor Equipment
SizeMedium
TypePublic Company
ExchangeNASDAQGS
Founded1993
Employees1,139
ISINUS3463751087
Last UpdateApr 2, 2026
Themes
Optical InfrastructureRFID (Radio Frequency Identification)SensorsDetectors, Sensors and MemsSmart CardsManufacturingMobileSemiconductor

Description

FormFactor, Inc. provides electrical and optical test and measurement technologies along the full semiconductor product lifecycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test. The company pr…

Analysis

Hope premium

FormFactor, Inc. is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 1678.1×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 14/20 on our value-creation score: strong value creator.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
92
2023202420252026

All-time high

92

Jun 2026

All-time low

18

Jan 2024

Average rank

55

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
47
47
44
58
Price/Earnings
43
23
18
52
Price/Book
45
47
42
57
Dividend Yield
1
1
1
1
Value (overall)
47
16
13
35

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →