Photronics
Financial ratios & Valuation

Forward Multiples (2025 – 2025)

2025
Price/Earnings ratio
9.56
Price/Sales ratio
1.34
Earnings per Share (EPS)
$2.2

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
14.4614.1848.9916.5419.3318.7010.585.488.9410.768.7618.70
Price/Sales ratio
1.231.351.421.291.421.031.251.191.251.621.131.03
Price/Book Value ratio
0.990.920.860.911.010.781.011.181.151.251.041.01
Price/Cash Flow ratio
4.845.366.645.3210.894.425.533.563.715.383.944.42
Price/Free Cash Flow ratio
22.139.10132.1418.31-7.438.7720.096.036.5610.788.04-7.43
Price/Earnings Growth ratio
0.249.50-0.670.075.70-1.260.070.04-0.293.150.070.07
Dividend Yield
N/A1.81%1.28%1.17%5.75%2.55%N/AN/AN/AN/AN/A2.55%
Profitability Indicator Ratios
Gross Profit Margin
27.30%24.55%20.26%24.56%21.94%22.08%25.16%35.68%37.68%36.44%36.70%21.94%
Operating Profit Margin
13.77%10.85%7.07%12.26%9.46%-4.90%14.24%25.69%28.36%25.55%27.14%9.46%
Pretax Profit Margin
13.36%12.50%5.89%12.81%9.20%10.10%15.36%28.98%30.26%28.53%28.09%9.20%
Net Profit Margin
8.51%9.55%2.91%7.85%7.35%5.54%11.87%21.73%14.06%15.07%12.97%7.35%
Effective Tax Rate
18.81%7.93%19.86%10.69%20.13%34.50%22.73%25.01%26.04%25.69%25.74%20.13%
Return on Assets
4.26%4.67%1.28%3.78%3.61%2.84%6.08%13.62%8.22%7.63%7.60%3.61%
Return On Equity
6.90%6.50%1.76%5.53%5.25%4.20%9.56%21.55%12.87%11.65%12.76%5.25%
Return on Capital Employed
8.46%5.78%3.39%7.14%5.39%-2.85%8.45%18.88%18.87%14.49%18.48%5.39%
Liquidity Ratios
Current Ratio
1.875.435.492.632.813.49N/AN/AN/AN/A3.512.81
Quick Ratio
1.765.155.202.472.573.092.813.063.974.752.982.57
Cash ratio
1.063.863.761.721.351.941.571.642.693.251.671.35
Days of Sales Outstanding
76.6369.9385.2982.1794.1597.86114.6695.8885.1984.5595.2394.15
Days of Inventory outstanding
23.1322.0924.0726.3740.8944.0040.5934.9332.8037.4435.9944.00
Operating Cycle
99.7692.03109.37108.55135.04141.86155.26130.81118.00121.9959.47141.86
Days of Payables Outstanding
75.8048.9343.1350.1359.7944.9159.9154.7655.1652.1457.8257.82
Cash Conversion Cycle
23.9643.0966.2458.4175.2596.9595.3476.0562.8369.8546.2896.95
Debt Ratios
Debt Ratio
0.120.060.060.050.040.050.050.00N/A0.010.170.04
Debt Equity Ratio
0.200.090.080.070.060.080.080.01N/A0.010.280.06
Long-term Debt to Capitalization
0.090.080.07N/A0.050.060.060.00N/A0.000.020.06
Total Debt to Capitalization
0.170.080.070.070.060.070.080.01N/A0.010.030.07
Interest Coverage Ratio
14.4718.256.0029.0136.5727.00N/AN/AN/AN/A223.5836.57
Cash Flow to Debt Ratio
1.001.811.562.271.362.082.0524.45N/A14.527.191.36
Company Equity Multiplier
1.611.391.371.461.451.471.571.581.561.521.561.45
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.250.250.210.240.130.230.220.330.330.300.280.13
Free Cash Flow / Operating Cash Flow Ratio
0.210.580.050.29-1.460.500.270.590.560.490.49-1.46
Cash Flow Coverage Ratio
1.001.811.562.271.362.082.0524.45N/A14.527.191.36
Short Term Coverage Ratio
2.0322.5020.872.276.6010.4510.0778.35N/A14.5437.266.60
Dividend Payout Ratio
N/A25.73%63.19%19.41%111.25%47.75%N/AN/AN/AN/AN/A47.75%