Advantest
Financial ratios & Valuation

Forward Multiples (2026 – 2029)

2026202720282029
Price/Earnings ratio
0.420.330.270.22
Price/Sales ratio
N/AN/AN/AN/A
Earnings per Share (EPS)
$159.84$204.73$242.58$296.72

Historical Multiples (2012 – 2022)

2012 2016 2017 2019 2020 2022 TTM Median
Valuation Ratios
Price/Earnings ratio
-119.086.132.871.8918.8921.5294.842.87
Price/Sales ratio
1.850.250.260.383.664.5013.910.26
Price/Book Value ratio
1.980.430.370.544.376.3715.970.37
Price/Cash Flow ratio
21.245.312.572.4015.2123.82113.522.57
Price/Free Cash Flow ratio
43.269.863.562.8117.5630.97159.163.56
Price/Earnings Growth ratio
0.69-0.120.020.00-0.240.790.000.00
Dividend Yield
0.66%8.49%9.84%12.77%1.62%1.35%0.39%12.77%
Profitability Indicator Ratios
Gross Profit Margin
48.74%56.42%57.55%54.53%56.72%56.58%51.90%54.53%
Operating Profit Margin
0.59%7.77%8.91%22.89%21.27%27.52%20.53%8.91%
Pretax Profit Margin
-2.44%7.25%9.63%23.44%21.23%27.90%18.53%9.63%
Net Profit Margin
-1.55%4.12%9.10%20.17%19.40%20.94%14.68%9.10%
Effective Tax Rate
36.02%43.11%5.46%13.92%8.60%24.96%20.77%5.46%
Return on Assets
-1.00%3.18%6.13%18.71%15.04%17.64%10.64%6.13%
Return On Equity
-1.66%7.15%12.96%28.67%23.12%29.63%18.19%12.96%
Return on Capital Employed
0.52%6.95%7.71%26.74%20.58%33.37%18.75%7.71%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/A3.04N/A
Quick Ratio
0.963.952.562.802.561.391.582.80
Cash ratio
0.962.901.851.901.810.770.771.90
Days of Sales Outstanding
N/A60.5375.6865.1058.8171.9268.7668.76
Days of Inventory outstanding
150.62175.23215.62162.29180.19191.60316.15215.62
Operating Cycle
150.62235.76291.31227.39239.00263.53384.91291.31
Days of Payables Outstanding
79.05114.20157.13124.89142.64141.87123.44124.89
Cash Conversion Cycle
71.57121.56134.17102.5096.36121.65261.47134.17
Debt Ratios
Debt Ratio
0.390.210.19N/AN/A0.060.12N/A
Debt Equity Ratio
0.660.470.40N/AN/A0.100.19N/A
Long-term Debt to Capitalization
N/A0.320.21N/AN/A0.030.16N/A
Total Debt to Capitalization
N/A0.320.29N/AN/A0.090.16N/A
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A28.48N/A
Cash Flow to Debt Ratio
N/A0.170.35N/AN/A2.570.700.35
Company Equity Multiplier
1.662.242.111.531.531.671.581.58
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.080.040.100.150.240.180.120.10
Free Cash Flow / Operating Cash Flow Ratio
0.490.530.720.850.860.760.710.85
Cash Flow Coverage Ratio
N/A0.170.35N/AN/A2.570.700.35
Short Term Coverage Ratio
0.49N/A1.05N/AN/A4.29N/AN/A
Dividend Payout Ratio
-78.76%52.10%28.27%24.18%30.68%29.15%32.79%28.27%