FORM Valuation

FormFactor Inc

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37.700

+2.47(7.011%)1D

Overview
Forecast
Valuation
Earnings

FORM Relative Valuation

FORM's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, FORM is overvalued; if below, it's undervalued.

Historical Valuation

FormFactor Inc (FORM) is now in the Fair zone, suggesting that its current forward PE ratio of 30.87 is considered Fairly compared with the five-year average of 32.98. The fair price of FormFactor Inc (FORM) is between 30.93 to 46.82 according to relative valuation methord.

Relative Value

Fair Zone

30.93-46.82

Current Price：36.86

Fair

33.03

Trailing

Forward

17.69

EV/EBITDA

FormFactor Inc. (FORM) has a current EV/EBITDA of 17.69. The 5-year average EV/EBITDA is 20.02. The thresholds are as follows: Strongly Undervalued below 11.76, Undervalued between 11.76 and 15.89, Fairly Valued between 24.15 and 15.89, Overvalued between 24.15 and 28.28, and Strongly Overvalued above 28.28. The current Forward EV/EBITDA of 17.69 falls within the Historic Trend Line -Fairly Valued range.

24.81

EV/EBIT

FormFactor Inc. (FORM) has a current EV/EBIT of 24.81. The 5-year average EV/EBIT is 26.86. The thresholds are as follows: Strongly Undervalued below 11.91, Undervalued between 11.91 and 19.38, Fairly Valued between 34.33 and 19.38, Overvalued between 34.33 and 41.80, and Strongly Overvalued above 41.80. The current Forward EV/EBIT of 24.81 falls within the Historic Trend Line -Fairly Valued range.

3.40

FormFactor Inc. (FORM) has a current PS of 3.40. The 5-year average PS is 3.88. The thresholds are as follows: Strongly Undervalued below 2.42, Undervalued between 2.42 and 3.15, Fairly Valued between 4.62 and 3.15, Overvalued between 4.62 and 5.35, and Strongly Overvalued above 5.35. The current Forward PS of 3.40 falls within the Historic Trend Line -Fairly Valued range.

21.19

P/OCF

FormFactor Inc. (FORM) has a current P/OCF of 21.19. The 5-year average P/OCF is 22.52. The thresholds are as follows: Strongly Undervalued below 6.96, Undervalued between 6.96 and 14.74, Fairly Valued between 30.30 and 14.74, Overvalued between 30.30 and 38.09, and Strongly Overvalued above 38.09. The current Forward P/OCF of 21.19 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/FCF

FormFactor Inc. (FORM) has a current P/FCF of 0.00. The 5-year average P/FCF is 19.97. The thresholds are as follows: Strongly Undervalued below -14.85, Undervalued between -14.85 and 2.56, Fairly Valued between 37.37 and 2.56, Overvalued between 37.37 and 54.78, and Strongly Overvalued above 54.78. The current Forward P/FCF of 0.00 falls within the Undervalued range.

FormFactor Inc (FORM) has a current Price-to-Book (P/B) ratio of 2.74. Compared to its 3-year average P/B ratio of 3.14 , the current P/B ratio is approximately -12.59% higher. Relative to its 5-year average P/B ratio of 3.43, the current P/B ratio is about -20.11% higher. FormFactor Inc (FORM) has a Forward Free Cash Flow (FCF) yield of approximately 0.13%. Compared to its 3-year average FCF yield of 1.68%, the current FCF yield is approximately -92.06% lower. Relative to its 5-year average FCF yield of 2.32% , the current FCF yield is about -94.23% lower.

2.94

P/B

Median3y

3.14

Median5y

3.43

0.13

FCF Yield

Median3y

1.68

Median5y

2.32

Competitors Valuation Multiple

The average P/S ratio for FORM's competitors is , providing a benchmark for relative valuation. FormFactor Inc Corp (FORM) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of -0.85%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Power Integrations Inc

Silicon Motion Technology Corp

Performance Decomposition

Market capitalization of FORM decreased by 18.04% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 48.93 to 66.32.

The secondary factor is the Revenue Growth, contributed -0.85%to the performance.

Overall, the performance of FORM in the past 1 year is driven by P/E Change. Which is more unsustainable.

-0.85%

197.47M → 195.80M

Revenue Growth

-52.75%

9.82 → 4.64

Margin Expansion

35.56%

48.93 → 66.32

P/E Change

-18.04%