# Photronics Inc. (PLAB) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $29.13, market value $1.7 billion.

## Valuation
- **P/E (trailing): 10.4×** (5-yr avg 10.7×, 3-yr avg 10.1×). Photronics Inc. trades at 10.4× trailing earnings, close to its own five-year average of 10.7×. The Technology median in the September 2026 study was 32.1×. Forward P/E is 14.0×, higher than trailing, so analysts expect earnings to fall.
- **PEG: 1.54**. A PEG of 1.54 is in the range usually read as fairly priced for its growth.
- **Price / sales: 2.0×**. Each dollar of revenue is priced at 2.0×.
- **Price / book: 1.3×**. The shares trade at 1.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 4.5×**. Enterprise value is 4.5× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 5.6%** (5-yr avg 10.0%). Free cash flow equals 5.6% of the market value, below its five-year average of 10.0%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 9.6%**. The inverse of the P/E: 9.6% of the price is earned each year.

## Profitability
- **Gross margin: 33.8%**. Photronics Inc. keeps 33.8% of revenue after the direct cost of what it sells.
- **Operating margin: 22.9%**. 22.9% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 16.1%**. 16.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 11.6%**. 11.6% on shareholders' equity is solid.
- **Return on invested capital: 22.9%**. Return on all capital, debt included, is 22.9%: comfortably above what that capital costs.
- **Return on assets: 8.8%**. Each dollar of assets produces 8.8% of profit.

## Growth
- **Revenue growth (1 yr): -2.0%** (3-yr 1.0%/yr, 5-yr 6.9%/yr). Revenue fell 2.0% over the last year, against 6.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 9.1%** (3-yr 5.5%/yr, 5-yr 34.4%/yr). Earnings per share rose 9.1%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -28.4%/yr**. Free cash flow has compounded at -28.4% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Photronics Inc. holds more cash than debt.
- **Current ratio: 5.37** (quick 5.37). Current assets cover the next year's liabilities 5.37 times.
- **Altman Z-score: 7.22**. A Z-score of 7.22 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

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

## Analyst view
- **Analyst consensus: strong_buy** (3 analysts). 3 analysts cover Photronics Inc.; the consensus is strong_buy, with an average price target of $41.33 (+42% 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): 31.1%** (YTD -9.0%, 3-mo -0.1%). The shares are up 31.1% over twelve months including dividends.
- **From 52-week high: -48.0%** (45.3% above the low). Trading 48% 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): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 3.05** (volatility 84%). Beta of 3.05 against the S&P 500: the shares move much more than the market.

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

Not investment advice.