# SEALSQ Corp (LAES) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $2.42, market value $539 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). SEALSQ Corp 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.
- **Price / sales: 29.5×**. Each dollar of revenue is priced at 29.5×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.0×**. The shares trade at 1.0× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -5.9%** (5-yr avg -32.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 47.3%**. SEALSQ Corp keeps 47.3% of revenue after the direct cost of what it sells.
- **Operating margin: -218.1%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -187.3%**. The company reported a net loss over the last twelve months.
- **Return on equity: -7.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -69.1%**. Return on all capital, debt included, is -69.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -6.8%**. Each dollar of assets produces -6.8% of profit.

## Growth
- **Revenue growth (1 yr): 66.2%** (3-yr -7.7%/yr, 5-yr 5.0%/yr). Revenue grew 66.2% over the last year, against 5.0% a year compounded over five years: growth is accelerating.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Altman Z-score: 8.64**. A Z-score of 8.64 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. SEALSQ Corp does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -7.3%** (YTD -36.0%, 3-mo -24.4%). The shares are down 7.3% over twelve months including dividends.
- **From 52-week high: -72.2%** (21.6% above the low). Trading 72% 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): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 3.41** (volatility 108%). Beta of 3.41 against the S&P 500: the shares move much more than the market.

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

Not investment advice.