Stock AnalizFormfactor Inc. FORM
Semiconductors · IPO 2003 · data as of November 13, 2026
Formfactor Inc. (FORM) is a technology company listed in the US with a market value of about $6.8B. In the twelve months to September 26, 2026 it had revenue of $980M and net income of $174M, a net margin of 17.7%.
Its overall Stock Analiz score is 1.6 out of 5 (weak). The strongest part is financial health (5/5); the weakest is value (0/5).
Key numbers: a P/E of 40.0, a price to free cash flow of 37.8, 5-year revenue growth of 3% a year, a 5-year average ROIC of 7%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 11% below the current price.
Score: 1.6 / 5
Checks passed
- Strong R&D investment or growth above 20%
- Profitable 5 years in a row
- More cash than debt, or low debt to equity
- Positive free cash flow
- Interest covered more than 5 times
- Debt below 3 years of free cash flow
- Liabilities below 60% of assets
- Stock-based pay below 5% of revenue
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $980M | $785M | $764M | $663M | $748M | $770M | $694M | $589M | $530M | $548M | $384M |
| Net income | $174M | $54M | $70M | $82M | $51M | $84M | $79M | $39M | $104M | $41M | -$7M |
| Free cash flow | $181M | $12M | $79M | $9M | $67M | $73M | $113M | $100M | $49M | $69M | $6M |
| EPS (diluted) | $2.19 | $0.69 | $0.89 | $1.05 | $0.65 | $1.06 | $0.99 | $0.51 | $1.38 | $0.55 | $-0.10 |
| Net margin | 17.7% | 6.9% | 9.1% | 12.4% | 6.8% | 10.9% | 11.3% | 6.7% | 19.6% | 7.5% | -1.7% |
| ROIC | — | 4.3% | 5.8% | 8.0% | 5.6% | 9.5% | 9.5% | 5.2% | 4.2% | 8.0% | -7.0% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 10 analysts is $144.70, 65% above the current price; targets range from $102.00 to $200.00; the consensus rating is “Buy”; expected EPS is $3.39 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Formfactor’s P/E ratio?
About 40.0, based on the last twelve months of diluted earnings per share (forward P/E about 21.7).
Is Formfactor stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 11% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Formfactor pay a dividend?
Not currently.
Is Formfactor a good stock to buy?
We do not give buy or sell advice. Formfactor scores 1.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.