# Cerebras Systems Inc. (CBRS) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Technology / Semiconductors & Chip Equipment. Price $97.82, market value $23.2 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Cerebras Systems Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 0.66**. A PEG of 0.66 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 40.3×**. Each dollar of revenue is priced at 40.3×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 2.4×**. The shares trade at 2.4× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -3.9%**. Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 32.2%**. Cerebras Systems Inc. keeps 32.2% of revenue after the direct cost of what it sells.
- **Operating margin: -100.3%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 46.6%**. 46.6% of each dollar of sales reaches the bottom line.
- **Return on equity: -41.1%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 32.0%**. Return on all capital, debt included, is 32.0%: comfortably above what that capital costs.
- **Return on assets: -7.7%**. Each dollar of assets produces -7.7% of profit.

## Growth
- **Revenue growth (1 yr): 75.7%** (3-yr 174.6%/yr). Revenue grew 75.7% over the last year.
- **EPS growth (1 yr): 115.7%**. Earnings per share rose 115.7%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Net debt / EBITDA: 1.6×**. It would take 1.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 2.15** (quick 2.06). Current assets cover the next year's liabilities 2.15 times.
- **Altman Z-score: 4.89**. A Z-score of 4.89 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Cerebras Systems Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (11 analysts). 11 analysts cover Cerebras Systems Inc.; the consensus is strong_buy, with an average price target of $282.55 (+189% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **From 52-week high: -74.7%** (2.9% above the low). Trading 75% below its 52-week high, deep in a drawdown.
- **RSI (14-day): 26**. An RSI of 26 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 3.12** (volatility 113%). Beta of 3.12 against the S&P 500: the shares move much more than the market.

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

Not investment advice.