Analog Devices
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
46.2332.6018.40
Price/Sales ratio
11.3410.099.50
Earnings per Share (EPS)
$4.98$7.07$12.53

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
26.9722.7643.4421.5929.6135.7949.5927.3624.3268.4165.8729.61
Price/Sales ratio
5.475.736.185.206.737.799.426.266.5511.8611.426.73
Price/Book Value ratio
3.703.793.102.933.443.641.812.062.263.183.063.64
Price/Cash Flow ratio
20.7015.3128.3913.2217.9121.7525.2116.8016.7326.1627.9617.91
Price/Free Cash Flow ratio
24.9317.0034.7714.7620.4123.7128.8319.9222.6736.5034.4920.41
Price/Earnings Growth ratio
2.460.90-2.570.29-3.41-3.478.630.530.98-1.36-72.89-3.47
Dividend Yield
2.61%2.61%1.90%2.17%1.92%2.02%1.60%2.05%2.08%N/A1.69%2.02%
Profitability Indicator Ratios
Gross Profit Margin
65.77%65.09%59.94%68.26%66.99%65.86%61.83%62.69%64.01%57.08%53.07%65.86%
Operating Profit Margin
24.18%30.04%20.65%30.34%28.55%26.73%23.12%27.29%31.06%21.56%21.70%26.73%
Pretax Profit Margin
23.58%27.96%16.22%26.42%24.79%23.40%18.15%25.79%29.32%18.85%18.85%23.40%
Net Profit Margin
20.28%25.18%14.23%24.11%22.75%21.78%18.99%22.87%26.93%17.34%17.34%21.78%
Effective Tax Rate
13.97%9.95%12.21%8.73%8.25%6.92%-4.64%11.30%8.13%7.99%7.99%6.92%
Return on Assets
9.86%10.81%3.44%7.31%6.37%5.68%2.65%5.46%6.79%3.39%3.39%5.68%
Return On Equity
13.73%16.68%7.15%13.60%11.64%10.17%3.65%7.53%9.31%4.64%4.63%10.17%
Return on Capital Employed
13.96%14.30%5.39%9.88%8.60%7.45%3.41%6.85%8.38%4.49%4.52%7.45%
Liquidity Ratios
Current Ratio
3.666.351.471.501.311.84N/AN/AN/AN/A1.831.31
Quick Ratio
3.295.871.121.080.911.391.501.440.851.351.350.91
Cash ratio
0.791.170.650.580.420.770.710.600.290.660.660.42
Days of Sales Outstanding
49.5750.9549.2337.6538.6948.0472.7754.7043.5951.7351.7338.69
Days of Inventory outstanding
127.99115.0898.26108.84112.58116.08156.88114.01135.35130.60119.44112.58
Operating Cycle
177.56166.04147.50146.49151.27164.12229.65168.71178.95182.34171.18151.27
Days of Payables Outstanding
54.0852.3942.2148.4041.5843.3757.9447.4140.6343.9740.2143.37
Cash Conversion Cycle
123.47113.64105.2898.09109.69120.75171.71121.30138.31138.36130.96109.69
Debt Ratios
Debt Ratio
0.120.210.370.300.250.230.120.130.140.150.150.23
Debt Equity Ratio
0.170.330.770.570.460.420.170.170.190.210.210.42
Long-term Debt to Capitalization
0.080.250.420.360.300.300.140.150.140.150.150.30
Total Debt to Capitalization
0.140.250.430.360.310.300.150.150.160.170.170.30
Interest Coverage Ratio
30.7311.734.637.497.468.02N/AN/AN/AN/A6.358.02
Cash Flow to Debt Ratio
1.030.730.140.380.410.390.400.680.690.560.500.41
Company Equity Multiplier
1.391.542.081.861.821.781.371.371.371.371.371.78
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.260.370.210.390.370.350.370.370.390.450.400.37
Free Cash Flow / Operating Cash Flow Ratio
0.830.900.810.890.870.910.870.840.730.710.810.91
Cash Flow Coverage Ratio
1.030.730.140.380.410.390.400.680.690.560.500.41
Short Term Coverage Ratio
2.42N/A3.7036.457.51N/A5.29N/A4.604.514.06N/A
Dividend Payout Ratio
70.46%59.55%82.79%47.03%57.04%72.59%79.78%56.19%50.65%N/A109.79%57.04%