FormFactor Inc. (FORM) Valuation
Historical valuation analysis based on 500 data points (2024-09-25 to 2026-09-23)
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...
FormFactor Inc. (FORM) currently trades at a P/E ratio of 152.52 (historical range: 16.55–207.19, median: 65.62), placing it at the 85th percentile — expensive relative to its history, P/S ratio of 12.41 (range: 2.36–15.12, 93th percentile — expensive relative to its history), EV/EBITDA of 143.81 (range: 13.74–197.90, 85th percentile).
Over the historical period (2024-09-25 to 2026-09-23), FormFactor Inc.'s P/E ratio has expanded by 269% over the observed period (from an average of 36.4 to 134.4).
FormFactor Inc. trades well above its own historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Min | Median | Max | Percentile | Assessment |
|---|---|---|---|---|---|---|
| P/E Ratio | 152.52 | 16.55 | 65.62 | 207.19 | 85th | expensive relative to its history |
| P/S Ratio | 12.41 | 2.36 | 4.70 | 15.12 | 93th | expensive relative to its history |
| EV/EBITDA | 143.81 | 13.74 | 62.64 | 197.90 | 85th | expensive relative to its history |
| FCF Yield | 0.00 | 0.00 | 0.00 | 0.04 | 45th | near its historical average |
FormFactor Inc. (FORM) Valuation & P/E History
FormFactor Inc. (FORM) is a US-listed stock operating in the Technology sector, specifically the Semiconductors & Related Devices industry currently trading at $131.20 with a market capitalization of $10.3 billion. This page provides historical valuation analysis for FORM based on 500 data points covering 2024-09-25 to 2026-09-23. The P/E ratio of 152.52 is above the historical median of 65.62, placing FORM at the 85th percentile of its valuation range. The P/S ratio of 12.41 compares to a median of 4.70.
FORM Valuation Metrics & Historical Range
The valuation table above shows FormFactor Inc.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether FORM is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests FORM is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for FormFactor Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is FORM Overvalued or Undervalued?
FormFactor Inc. trades well above its own historical valuation range across most metrics. The overall valuation percentile of 88 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive FORM is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full FORM analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.FORM trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.