# FormFactor Inc. FormFactor Inc. (FORM) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $103.90, market value $8.1 billion.

## Valuation
- **P/E (trailing): 71.7×** (5-yr avg 50.3×, 3-yr avg 58.5×). FormFactor Inc. FormFactor Inc. trades at 71.7× trailing earnings, well above its own five-year average of 50.3×: 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 29.9×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 9.0×**. Each dollar of revenue is priced at 9.0×.
- **Price / book: 7.3×**. The shares trade at 7.3× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 1.7%** (5-yr avg 1.7%). Free cash flow equals 1.7% of the market value, in line with its five-year average of 1.7%.
- **Earnings yield: 1.4%**. The inverse of the P/E: 1.4% of the price is earned each year.

## Profitability
- **Gross margin: 43.1%**. FormFactor Inc. FormFactor Inc. keeps 43.1% of revenue after the direct cost of what it sells.
- **Operating margin: 12.9%**. 12.9% of revenue is left after running the business.
- **Net margin: 6.9%**. 6.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.3%**. 5.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 9.7%**. Return on all capital, debt included, is 9.7%.
- **Return on assets: 9.4%**. Each dollar of assets produces 9.4% of profit.

## Growth
- **Revenue growth (1 yr): 2.8%** (3-yr 1.6%/yr, 5-yr 2.5%/yr). Revenue grew 2.8% over the last year, against 2.5% a year compounded over five years.
- **EPS growth (1 yr): -22.5%** (3-yr 2.0%/yr, 5-yr -7.0%/yr). Earnings per share fell 22.5%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -43.9%/yr**. Free cash flow has compounded at -43.9% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.01**. Debt is 0.01 times equity: a conservative balance sheet.
- **Altman Z-score: 27.75**. A Z-score of 27.75 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

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

## Analyst view
- **Analyst consensus: buy** (8 analysts). 8 analysts cover FormFactor Inc. FormFactor Inc.; the consensus is buy, with an average price target of $138.63 (+33% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 258.9%** (YTD 86.3%, 3-mo -11.0%). The shares are up 258.9% over twelve months including dividends.
- **From 52-week high: -35.2%** (255.7% above the low). Trading 35% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 2.89** (volatility 85%). Beta of 2.89 against the S&P 500: the shares move much more than the market.

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

Not investment advice.