# Camtek Ltd. (CAMT) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductor Equipment & Materials. Price $145.72, market value $6.8 billion.

## Valuation
- **P/E (trailing): 196.9×** (5-yr avg 44.8×, 3-yr avg 59.2×). Camtek Ltd. trades at 196.9× trailing earnings, well above its own five-year average of 44.8×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 30.2×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 13.4×**. Each dollar of revenue is priced at 13.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 10.8×**. The shares trade at 10.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 151.3×**. Enterprise value is 151.3× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 1.9%** (5-yr avg 3.0%). Free cash flow equals 1.9% of the market value, below its five-year average of 3.0%, so the shares are pricier on cash than usual.
- **Earnings yield: 0.5%**. The inverse of the P/E: 0.5% of the price is earned each year.

## Profitability
- **Gross margin: 50.1%**. Camtek Ltd. keeps 50.1% of revenue after the direct cost of what it sells.
- **Operating margin: 23.2%**. 23.2% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 10.2%**. 10.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.2%**. 8.2% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 21.4%**. Return on all capital, debt included, is 21.4%: comfortably above what that capital costs.
- **Return on assets: 3.0%**. Each dollar of assets produces 3.0% of profit.

## Growth
- **Revenue growth (1 yr): 15.6%** (3-yr 15.6%/yr, 5-yr 26.1%/yr). Revenue grew 15.6% over the last year, against 26.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -57.0%** (3-yr -14.8%/yr, 5-yr 14.0%/yr). Earnings per share fell 57.0%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 37.0%/yr**. Free cash flow has compounded at 37.0% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.01**. Debt is 0.01 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Camtek Ltd. holds more cash than debt.
- **Current ratio: 8.35** (quick 8.35). Current assets cover the next year's liabilities 8.35 times.
- **Altman Z-score: 8.51**. A Z-score of 8.51 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Camtek Ltd. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 86.3%** (YTD 37.0%, 3-mo -11.3%). The shares are up 86.3% over twelve months including dividends.
- **From 52-week high: -32.5%** (80.8% above the low). Trading 33% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 50**. An RSI of 50 is neutral.
- **Beta (1 yr): 2.78** (volatility 71%). Beta of 2.78 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CAMT · Page: https://foliofundamentals.com/stocks/camt

Not investment advice.