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TOWER SEMICONDUCTOR LTD TSEM

Nasdaq · stock · Semiconductors & Related Devices · website · IPO 1994-01-01 · LEI

TOWER SEMICONDUCTOR LTD statistics & valuation

Market cap$27.9B
P / E126.7×
P / S17.8×
P / B9.6×
Net margin14.1%
Return on equity7.6%
FCF margin-3.1%
Net cash$102.0M
Net debt / EBITDA-0.2×
Enterprise value USD$27.8B
EV / EBITDA56×
Earnings yield EBIT/EV0.7%
Return on capital6.3%
Graham number -87.1%$33.49

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 ($33.49); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
16.30% 21.50% 10.40% 7.30% 6.50% 9.90% 15.80% 36.40% 14.50% 14.10% 2016201720182019202020212022202320242025
Gross margin (%)
24.30% 25.50% 22.50% 18.60% 18.40% 21.80% 27.80% 24.80% 23.60% 23.20% 2016201720182019202020212022202320242025
Operating margin (%)
14.00% 15.80% 11.90% 7.00% 7.20% 11.00% 18.60% 38.50% 13.30% 12.40% 2016201720182019202020212022202320242025
Return on equity (%)
29.90% 28.90% 10.90% 6.60% 5.60% 9.20% 14.00% 21.30% 7.80% 7.60% 2016201720182019202020212022202320242025
Shares outstanding
101.3M 105.9M 105.0M 107.4M 108.5M 109.8M 110.8M 111.2M 112.3M 113.6M 2016201720182019202020212022202320242025
Net debt ($)
-$109.7M $72.1M $20.0M -$130.7M -$88.1M -$139.5M -$102.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
14.80% 17.80% 7.60% 4.70% 3.90% 6.70% 10.40% 17.80% 6.70% 6.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
8.80% 12.10% 7.90% 8.10% -2.90% 7.10% 9.70% 16.30% 0.90% -3.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.18× 0.19× 0.14× 0.11× 0.07× 0.05× 0.05× 2016201720182019202020212022202320242025
EPS ($)
$2.09 $2.90 $1.32 $0.84 $0.76 $1.37 $2.39 $4.66 $1.85 $1.94 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

TOWER SEMICONDUCTOR LTD trades at about 134.2× earnings — above its 10-year norm (10-year range 6.2×–69.4×, median 25.1×).

6.2× 134.2×

Shaded band = 10-year range (6.2×–69.4×); dot = today's 134.2×.

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 margin23.2%23.6%24.8%27.8%21.8%18.4%18.6%22.5%25.5%24.3%
Operating margin12.4%13.3%38.5%18.6%11.0%7.2%7.0%11.9%15.8%14.0%
Net margin14.1%14.5%36.4%15.8%9.9%6.5%7.3%10.4%21.5%16.3%
FCF margin-3.1%0.9%16.3%9.7%7.1%-2.9%8.1%7.9%12.1%8.8%
Return on assets6.6%6.7%17.8%10.4%6.7%3.9%4.7%7.6%17.8%14.8%
Return on equity7.6%7.8%21.3%14.0%9.2%5.6%6.6%10.9%28.9%29.9%
Debt / equity0.05×0.05×0.07×0.11×0.14×0.19×0.18×———
Current ratio6.486.186.173.864.334.044.304.852.892.82

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