FormFactor Inc. (FORM) Stock Analysis
Market Closed
Sector: Technology · Industry: Semiconductors & Related Devices
AnalystsBuy16 analystsWhat's happening with FORM
Price History
5-Year Weekly Candlestick Chart
Profile
Strong financial health; valuation, growth and profitability lag behind.
How is each axis scored?
- Valuation10/100 · Weak
- P/E vs own history (93th pct)0/25
- FCF yield (0.4%)5/25
- P/S (12.2x)5/25
- EV/EBIT (141.3x)0/25
- Growth31/100 · Weak
- Revenue CAGR (0.5%)6/25
- Net income CAGR (-10.3%)0/25
- EPS CAGR 5Y (-10.1%)0/25
- Fwd implied growth (330.3%)25/25
- Profitability35/100 · Weak
- ROIC (7.3%)5/25
- ROE (6.5%)5/25
- Net margin (8.1%)13/25
- Operating margin (8.4%)12/25
- Financial Health100/100 · Strong
- Altman Z (32.62)25/25
- Current ratio (4.55)25/25
- Interest coverage (114.0x)25/25
- Net cash / debt (Net cash)25/25
- Quality67/100 · Moderate
- Piotroski F (5/9)15/25
- Beneish M (-2.66)25/25
- FCF conversion (53%)15/25
- Margin stability (σ 8.6%)12/25
About FormFactor Inc.
FormFactor Inc is a provider of electrical and optical test and measurement technologies along the full semiconductor product lifecycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test. Show more
. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.
Headquarters: LIVERMORE, CA · Employees: 2,153 · Website ↗
Insider Transactions
Recent SEC Form 4 filings
- SellOpen market sale · filed 2026-07-16-868 sh2026-07-15
- SellOpen market sale · filed 2026-07-16-300 sh2026-07-15
- SellOpen market sale · filed 2026-07-16-170 sh2026-07-15
- SellOpen market sale · filed 2026-07-16-706 sh2026-07-15
- SellOpen market sale · filed 2026-07-16-1650 sh2026-07-15
+3 more recent filings
Key Metrics
Financial snapshot — pillar inputs plus per-share and market context
Valuation
10EP/E (TTM)152.5xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 15.8x–207.2x · 93rd pct
P/FCF74.0xD
Grade D: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield0.4%C
Grade C: LowTTM FCF / Market Cap — vs own 5Y history: 0.1%–6.7% · 33rd pct
P/S (TTM)12.21xD
Grade D: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 1.8x–15.1x · 97th pct
EV/EBIT141.3xD
Grade D: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 11.6x–197.9x · 92nd pct
EV/Sales11.1xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E35.4xD
Grade D: ExpensivePrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio9.68xD
Grade D: Very expensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.54A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
35DROIC7.3%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE6.5%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA9.2%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin8.1%C
Grade C: AverageNet Income / Revenue
Operating Margin8.4%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin39.4%C
Grade C: AverageGross Profit / Revenue
FCF Margin4.4%D
Grade D: LowFCF / Revenue
True FCF Margin-0.0%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Financial Health
100A+Altman Z-Score32.62A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio4.55xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio3.26xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage114.0xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt RepaymentNet CashA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBITNet CashA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.01xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt28.13xA
Grade A: CoveredCash covers how much of total debt. >1 = could repay all debt from cash
Growth
31DRevenue CAGR0.5%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-10.3%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-10.1%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth330.3%A
Grade A: HighImplied 1Y EPS growth from forward P/E vs our TTM EPS. Sparse — only where forward estimates exist
Dilution (5Y)-0.7%B
Grade B: FlatShare count change over 5Y
SBC / Net Income53.9%D
Grade D: HighStock-based comp/Net income. >30% = dilution risk
SBC / Revenue4.4%C
Grade C: MedTTM stock-based comp / TTM Revenue
Quality
1/10 Loss Years67BPiotroski F-Score5/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.66A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion53.5%C
Grade C: AverageFCF / Net Income
Margin Stability8.6%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue11.9%C
Grade C: AverageTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.64xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
More metrics — Per Share, Balance Sheet, MarketHide additional metrics
Per Share
EPS (TTM)$0.86
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$3.54
Cash & short-term investments per share (Finnhub)
Book Value / Share$13.33
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$10.78M
Total debt obligations (short + long term)
Cash & Equiv.$303.28M
Cash and short-term investments
Net Debt$-292.50MA
Grade A: Net CashTotal Debt minus Cash. Negative = Net Cash position
Total Equity$1.06B
Shareholders' equity (book value)
Asset / Liability6.37xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$10.25B
Current Market Capitalization
Beta1.25C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
Takeaway
FORM exhibits exceptional financial health with a debt-free balance sheet, contrasted by moderate profitability and a valuation that trades near the top of its historical range.
Company is effectively debt-free after netting cash. · Current P/E of 152.5x sits at the 93rd percentile of its historical range.
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Mar 2026 · Ratio snapshot Sep 24, 2026
Key Insights: FormFactor Inc. (FORM)
Composite verdict for FormFactor Inc.: FORM exhibits exceptional financial health with a debt-free balance sheet, contrasted by moderate profitability and a valuation that trades near the top of its historical range.. Piotroski F-Score of 5/9 indicates mixed fundamentals for FormFactor Inc.. Altman Z-Score of 32.62 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of -2.66 suggests a low likelihood of earnings manipulation.
- Company is effectively debt-free after netting cash.
- FormFactor Inc. posted a net loss in 1 of 10 available completed fiscal years (2016–2025).
- At a valuation score of 10/100, FORM trades at a premium to its historical multiples (P/E 152.5).
See how FORM ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all FORM moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Sep 21 | Pre-market | 123.10 | +3.99% | 2.66 |
Frequently Asked Questions about FORM
Is FORM stock a buy right now?
PreMarketPrice's quantitative model rates FormFactor Inc.'s financial health at 100/100 — FORM exhibits exceptional financial health with a debt-free balance sheet, contrasted by moderate profitability and a valuation that trades near the top of its historical range.. This is a data-driven snapshot of fundamentals, not investment advice.
Is FORM stock overvalued?
FormFactor Inc. trades at a trailing P/E of 152.5 and our valuation score rates it 10/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does FormFactor Inc. report earnings?
No confirmed earnings date is currently scheduled for FORM. The Earnings section lists recent reports and updates as dates are announced.
What sector does FormFactor Inc. operate in?
FormFactor Inc. operates in the Technology sector, within the Semiconductors & Related Devices industry. The Related Stocks section lists sector peers for comparison.
What does FormFactor Inc. do?
FormFactor Inc is a provider of electrical and optical test and measurement technologies along the full semiconductor product lifecycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test.
About FormFactor Inc. (FORM) Stock
FormFactor Inc. (FORM) is a US-listed stock operating in the Technology sector, specifically the Semiconductors & Related Devices industry. Real-time pricing data for FormFactor Inc. is available on this page with a market capitalization of $10.3 billion. The financial health score for FORM is 100/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for FORM stock.
FORM Stock Analysis & Key Metrics
On PreMarketPrice, you can track FormFactor Inc. (FORM) across multiple dimensions:
- Pre-market price & movement: Real-time FORM stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for FORM with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for FormFactor Inc. across multiple reporting periods.
- Financial health score: A composite score of 100/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for FORM.
- Sector peers: Compare FORM against 10 other technology stocks on key financial metrics.
Is FORM a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate FormFactor Inc. (FORM) as an investment. The financial health score of 100/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.FormFactor Inc. (FORM) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.