Harmonic
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
9.37N/A
Price/Sales ratio
1.140.92
Earnings per Share (EPS)
$0.96N/A

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-14.02-22.61-5.37-4.09-19.21-117.94-24.4890.0448.8417.3358.88-19.21
Price/Sales ratio
1.490.930.950.941.001.731.892.352.202.392.651.00
Price/Book Value ratio
1.741.071.431.551.772.742.774.024.243.335.111.77
Price/Cash Flow ratio
13.6855.75887.04110.9932.8922.3218.2929.09251.37206.25303.0232.89
Price/Free Cash Flow ratio
17.38-44.23-26.48-40.8077.1133.32102.9942.55-364.74-1.02K-439.6833.32
Price/Earnings Growth ratio
0.050.35-0.01-0.420.251.60-0.06-0.620.450.090.570.25
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
48.97%53.76%49.45%47.40%51.84%55.35%51.47%51.21%50.54%51.41%50.54%55.35%
Operating Profit Margin
-4.97%-3.43%-16.51%-19.78%-1.24%3.24%-2.91%3.70%7.28%3.64%7.81%-1.24%
Pretax Profit Margin
-5.02%-4.26%-19.81%-23.64%-4.19%-1.63%-6.92%1.74%7.11%3.14%7.11%-4.19%
Net Profit Margin
-10.66%-4.15%-17.81%-23.15%-5.21%-1.47%-7.72%2.61%4.50%13.81%4.50%-5.21%
Effective Tax Rate
-112.19%2.53%10.09%2.06%-24.11%10.18%-11.64%-49.40%36.64%-338.81%36.64%-24.11%
Return on Assets
-9.62%-2.98%-13.05%-16.32%-4.11%-1.00%-4.94%1.91%3.96%10.93%3.96%-4.11%
Return On Equity
-12.43%-4.77%-26.71%-37.99%-9.21%-2.32%-11.33%4.46%8.68%19.22%9.34%-9.21%
Return on Capital Employed
-5.52%-2.94%-16.38%-19.36%-1.33%2.98%-2.48%4.00%11.73%4.47%12.59%-1.33%
Liquidity Ratios
Current Ratio
2.583.371.491.201.441.301.61N/AN/AN/A1.071.30
Quick Ratio
2.222.911.211.021.251.491.371.120.700.900.611.49
Cash ratio
0.811.480.380.400.480.620.660.590.270.300.270.62
Days of Sales Outstanding
62.4167.2978.0271.1684.0592.8373.2569.5466.5887.8463.3292.83
Days of Inventory outstanding
54.0381.2873.2850.3148.1458.9369.55105.03142.83103.78142.8348.14
Operating Cycle
116.45148.58151.30121.47132.20151.77142.80174.57209.42191.62158.44132.20
Days of Payables Outstanding
25.2740.5451.4064.1463.4383.0646.7495.0579.6647.6579.6663.43
Cash Conversion Cycle
91.17108.0399.9057.3368.7668.7096.0679.52129.76143.9718.8868.70
Debt Ratios
Debt Ratio
N/A0.180.220.250.260.320.250.220.180.160.540.26
Debt Equity Ratio
N/A0.290.450.600.580.750.580.510.400.291.180.58
Long-term Debt to Capitalization
N/A0.230.300.360.350.350.350.270.030.020.090.35
Total Debt to Capitalization
N/A0.230.310.370.370.430.360.340.280.220.330.43
Interest Coverage Ratio
-83.97-34.76-4.93-5.91-0.181.39-0.87N/AN/AN/A9.69-0.18
Cash Flow to Debt Ratio
N/A0.060.000.020.090.160.250.260.040.050.030.16
Company Equity Multiplier
1.291.592.042.322.232.302.292.332.181.752.182.30
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.100.010.000.000.030.070.100.080.000.010.000.07
Free Cash Flow / Operating Cash Flow Ratio
0.78-1.26-33.49-2.720.420.660.170.68-0.68-0.20-0.680.66
Cash Flow Coverage Ratio
N/A0.060.000.020.090.160.250.260.040.050.030.16
Short Term Coverage Ratio
N/AN/A0.060.401.710.623.320.980.040.050.040.62
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A