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RAMBUS INC RMBS

Nasdaq · stock · Semiconductors & Related Devices · website · IPO 1997-05-14 · LEI

RAMBUS INC statistics & valuation

Market cap$12.4B
P / E53.8×
P / S17.5×
P / B9.1×
P / FCF37.2×
Net margin32.6%
Return on equity16.9%
FCF margin47.1%
Return on capital18.5%
Graham number -75.9%$24.35

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 ($24.35); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.00% -5.80% -68.30% -37.80% -16.40% 5.60% -3.10% 72.40% 32.30% 32.60% 2016201720182019202020212022202320242025
Gross margin (%)
76.80% 77.40% 75.30% 78.60% 76.30% 77.60% 80.20% 79.60% 2016201720182019202020212022202320242025
Operating margin (%)
10.00% 13.80% -37.60% -44.00% -17.90% 7.40% 16.90% 33.30% 32.90% 36.80% 2016201720182019202020212022202320242025
Return on equity (%)
1.20% -4.00% -15.60% -8.80% -4.40% 2.10% -1.80% 32.20% 16.00% 16.90% 2016201720182019202020212022202320242025
Shares outstanding
113.1M 110.2M 109.0M 112.1M 113.3M 114.9M 109.5M 110.9M 109.0M 109.2M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.90% -2.60% -11.60% -6.40% -3.20% 1.50% -1.40% 26.50% 13.40% 15.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
25.90% 27.50% 33.00% 53.60% 63.20% 59.50% 46.80% 37.40% 35.90% 47.10% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$0.06 -$0.21 -$1.46 -$0.77 -$0.36 $0.16 -$0.13 $3.01 $1.65 $2.11 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

RAMBUS INC trades at about 47.9× earnings — near its 10-year norm (10-year range 6.8×–216.3×, median 51.1×).

6.8× 216.3×

Shaded band = 10-year range (6.8×–216.3×); dot = today's 47.9×.

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 margin79.6%80.2%77.6%76.3%78.6%75.3%77.4%76.8%——
Operating margin36.8%32.9%33.3%16.9%7.4%-17.9%-44.0%-37.6%13.8%10.0%
Net margin32.6%32.3%72.4%-3.1%5.6%-16.4%-37.8%-68.3%-5.8%2.0%
FCF margin47.1%35.9%37.4%46.8%59.5%63.2%53.6%33.0%27.5%25.9%
Return on assets15.1%13.4%26.5%-1.4%1.5%-3.2%-6.4%-11.6%-2.6%0.9%
Return on equity16.9%16.0%32.2%-1.8%2.1%-4.4%-8.8%-15.6%-4.0%1.2%
Current ratio8.208.447.084.162.568.157.717.622.804.23

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.