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PHOTRONICS INC PLAB

Nasdaq · stock · Semiconductors & Related Devices · website · IPO 1987-03-10 · LEI

PHOTRONICS INC statistics & valuation

Market cap$1.8B
P / E13.3×
P / S2.1×
P / B1.1×
P / FCF30.3×
Net margin16.1%
Return on equity8.5%
FCF margin7.0%
Return on capital12.7%
Graham number +10.4%$36.98

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($36.98); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.60% 2.90% 7.90% 5.40% 5.50% 8.40% 14.40% 14.10% 15.10% 16.10% 2016201720182019202020212022202320242025
Gross margin (%)
24.60% 20.30% 24.60% 21.90% 22.10% 25.20% 35.70% 37.70% 36.40% 35.30% 2016201720182019202020212022202320242025
Operating margin (%)
10.90% 7.10% 12.30% 9.50% 10.50% 14.20% 25.70% 28.40% 25.60% 24.50% 2016201720182019202020212022202320242025
Return on equity (%)
5.60% 1.50% 4.60% 3.30% 3.50% 5.50% 11.20% 9.80% 8.80% 8.50% 2016201720182019202020212022202320242025
Shares outstanding
76.4M 69.3M 74.8M 69.2M 65.5M 62.0M 61.2M 61.8M 62.4M 59.9M 2016201720182019202020212022202320242025
Net debt ($)
-$271.8M -$162.5M -$214.7M -$165.0M -$287.4M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.70% 1.30% 3.80% 2.70% 2.80% 4.30% 9.00% 8.20% 7.60% 7.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
14.90% 1.10% 7.10% -20.00% 11.80% 6.30% 19.80% 19.20% 15.10% 7.00% 2016201720182019202020212022202320242025
Debt / equity (×)
0.06× 0.05× 0.07× 0.11× 0.03× 2016201720182019202020212022202320242025
EPS ($)
$0.64 $0.19 $0.59 $0.44 $0.52 $0.89 $1.94 $2.03 $2.09 $2.28 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

PHOTRONICS INC trades at about 14.7× earnings — near its 10-year norm (10-year range 9.7×–50.8×, median 15.6×).

9.7× 50.8×

Shaded band = 10-year range (9.7×–50.8×); dot = today's 14.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin35.3%36.4%37.7%35.7%25.2%22.1%21.9%24.6%20.3%24.6%
Operating margin24.5%25.6%28.4%25.7%14.2%10.5%9.5%12.3%7.1%10.9%
Net margin16.1%15.1%14.1%14.4%8.4%5.5%5.4%7.9%2.9%9.6%
FCF margin7.0%15.1%19.2%19.8%6.3%11.8%-20.0%7.1%1.1%14.9%
Return on assets7.6%7.6%8.2%9.0%4.3%2.8%2.7%3.8%1.3%4.7%
Return on equity8.5%8.8%9.8%11.2%5.5%3.5%3.3%4.6%1.5%5.6%
Debt / equity———0.03×0.11×0.07×0.05×0.06×——
Current ratio5.375.074.243.333.133.502.812.635.495.43

Computed from company filings · US · as of 2025-10-31. Facts plus Stocktoria's own computed scores — not investment advice.