Adeia Inc. (ADEA) Key Metrics
ADEA valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $2.25B
- Enterprise value
- $3.02B
- P/E (TTM)
- 18.7 10-yr median 17.5
- Forward P/E
- 15.6
- PEG ratio
- 1.51
- Price / sales
- 4.8 10-yr median 1.9
- Price / book
- 5.8 10-yr median 1.5
- EV / EBITDA
- 11.4 10-yr median 8.7
- Dividend yield
- 0.98% $0.20 a year
- Beta
- 0.92
ADEA key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsADEA valuation Price multiples at each fiscal year-end price.
ADEA returns How much profit the business earns on the capital it uses.
ADEA per-share figures Results divided by the shares outstanding at year-end.
ADEA financial health Debt, liquidity and how easily interest is covered.
ADEA efficiency & capital use Working capital cycle and where the cash goes.
ADEA valuation history
ADEA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ADEA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ADEA cash returned to shareholders
ADEA price vs earnings per share
ADEA key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.95B | $1.58B | $1.40B | $1.02B | $860.0M | $761.0M | $394.6M | $389.9M | $521.8M | $963.3M |
| Enterprise value | $2.24B | $1.96B | $1.91B | $1.64B | $1.49B | $1.43B | $627.1M | $717.7M | $900.8M | $1.43B |
| P/E ratio | 17.5 | 24.5 | 20.8 | — | — | 5.2 | — | — | — | 17.2 |
| Price / sales | 4.4 | 4.2 | 3.6 | 2.3 | 1.0 | 1.5 | 1.4 | 1.0 | 1.4 | 3.7 |
| Price / book | 4.1 | 4.0 | 3.9 | 3.4 | 0.6 | 0.5 | 0.7 | 0.6 | 1.2 | 1.9 |
| Price / free cash flow | 13.0 | 8.3 | 9.5 | 6.0 | 3.9 | 2.1 | 2.5 | 3.1 | 3.6 | 7.3 |
| Price / operating cash flow | 12.3 | 7.4 | 9.2 | 5.6 | 3.7 | 1.8 | 2.3 | 2.9 | 3.5 | 6.6 |
| EV / sales | 5.1 | 5.2 | 4.9 | 3.7 | 1.7 | 2.8 | 2.2 | 1.8 | 2.4 | 5.5 |
| EV / EBITDA | 9.3 | 9.5 | 8.0 | 5.2 | 6.3 | 3.3 | 13.3 | 4.9 | 10.1 | 11.3 |
| EV / free cash flow | 15.0 | 10.3 | 13.0 | 9.6 | 6.8 | 3.9 | 4.0 | 5.6 | 6.3 | 10.8 |
| Earnings yield | 5.7% | 4.1% | 4.8% | −29.0% | −6.4% | 19.3% | −15.8% | −0.1% | −10.8% | 5.8% |
| Free cash flow yield | 7.7% | 12.0% | 10.5% | 16.7% | 25.7% | 48.5% | 39.5% | 32.8% | 27.6% | 13.7% |
| Dividend yield | 1.1% | 1.4% | 1.5% | 20.0% | 2.4% | 4.1% | 10.0% | 10.1% | 7.6% | 4.1% |
| Shareholder yield (dividends + buybacks) | 3.4% | 3.4% | 2.3% | 23.2% | 14.2% | 14.6% | 11.2% | 21.5% | 11.3% | 11.4% |
| Share price at fiscal year-end | $17.25 | $13.98 | $12.39 | $9.48 | $8.21 | $9.08 | $8.03 | $7.99 | $10.60 | $19.19 |
| Per share | ||||||||||
| Revenue per share | $3.93 | $3.33 | $3.45 | $4.08 | $8.38 | $6.15 | $5.70 | $8.32 | $7.59 | $5.17 |
| Earnings per share | $0.98 | $0.57 | $0.60 | −$2.75 | −$0.53 | $1.75 | −$1.27 | −$0.01 | −$1.15 | $1.12 |
| Operating cash flow per share | $1.40 | $1.88 | $1.35 | $1.70 | $2.24 | $5.10 | $3.45 | $2.77 | $2.99 | $2.90 |
| Free cash flow per share | $1.32 | $1.68 | $1.30 | $1.58 | $2.11 | $4.40 | $3.17 | $2.62 | $2.92 | $2.64 |
| Cash per share | $1.21 | $0.98 | $0.74 | $1.06 | $1.35 | $3.07 | $2.47 | $3.16 | $4.07 | $2.25 |
| Book value per share | $4.25 | $3.51 | $3.16 | $2.80 | $12.89 | $17.37 | $11.15 | $12.69 | $8.84 | $10.12 |
| Tangible book value per share | −$1.21 | −$1.93 | −$2.70 | −$4.13 | $4.66 | −$4.70 | −$1.43 | −$1.93 | −$7.75 | −$8.31 |
| Dividends per share | $0.19 | $0.19 | $0.19 | $1.89 | $0.20 | $0.37 | $0.80 | $0.80 | $0.80 | $0.78 |
| Capex per share | $0.08 | $0.20 | $0.06 | $0.12 | $0.13 | $0.70 | $0.27 | $0.15 | $0.07 | $0.27 |
| Debt per share | $3.79 | $4.29 | $5.28 | $6.84 | $7.38 | $11.01 | $7.21 | $9.88 | $11.77 | $11.62 |
| Shares outstanding | 113.0M | 113.1M | 112.8M | 107.6M | 104.7M | 83.9M | 49.1M | 48.8M | 49.3M | 50.2M |
| Change in shares outstanding | −0.1% | +0.2% | +4.9% | +2.7% | +24.9% | +70.7% | +0.6% | −0.9% | −1.9% | −4.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 25.3% | 17.2% | 20.5% | −35.8% | −4.0% | 14.6% | −10.7% | −0.1% | −12.0% | 11.0% |
| Return on invested capital (ROIC) | 21.4% | 12.5% | 12.8% | 11.1% | 1.0% | 18.4% | −5.8% | 2.8% | 0.4% | 14.9% |
| Return on assets (ROA) | 10.4% | 5.9% | 5.8% | −16.1% | −2.1% | 7.8% | −5.5% | −0.0% | −4.9% | 6.5% |
| Return on tangible assets | 26.3% | 13.4% | 15.1% | −63.7% | −3.4% | 17.3% | −14.5% | −0.1% | −19.3% | 21.4% |
| Free cash flow margin | 33.7% | 50.6% | 37.7% | 38.8% | 25.1% | 71.6% | 55.7% | 31.4% | 38.5% | 51.0% |
| Income quality (OCF / net income) | 1.42 | 3.29 | 2.27 | — | — | 2.91 | — | — | — | 2.60 |
| Financial health | ||||||||||
| Total debt | $427.7M | $485.4M | $595.9M | $736.3M | $772.9M | $923.5M | $353.9M | $482.2M | $579.7M | $583.2M |
| Cash & short-term investments | $136.7M | $110.4M | $83.6M | $114.6M | $141.0M | $257.1M | $121.5M | $154.4M | $200.7M | $113.0M |
| Net debt | $291.0M | $375.0M | $512.4M | $621.7M | $631.9M | $666.4M | $232.5M | $327.8M | $379.0M | $470.2M |
| Debt / equity | 0.89 | 1.22 | 1.67 | 2.44 | 0.57 | 0.63 | 0.65 | 0.78 | 1.33 | 1.15 |
| Debt / assets | 0.41 | 0.44 | 0.54 | 0.61 | 0.31 | 0.34 | 0.34 | 0.39 | 0.52 | 0.49 |
| Net debt / EBITDA | 1.21 | 1.82 | 2.15 | 1.97 | 2.68 | 1.52 | 4.95 | 2.22 | 4.25 | 3.70 |
| Current ratio | 3.81 | 3.53 | 2.02 | 1.55 | 2.74 | 2.43 | 5.84 | 7.34 | 2.54 | 3.92 |
| Quick ratio | 3.81 | 3.53 | 1.95 | 1.55 | 2.71 | 2.39 | 5.84 | 7.06 | 2.54 | 3.92 |
| Interest coverage | 5.2 | 2.4 | 2.2 | 3.6 | 0.7 | 7.1 | -2.7 | 2.0 | 0.2 | 55.7 |
| Working capital | $224.2M | $185.3M | $103.8M | $92.0M | $329.7M | $321.6M | $233.1M | $343.4M | $148.7M | $148.9M |
| Invested capital | $771.6M | $771.6M | $869.0M | $923.2M | $1.98B | $2.12B | $780.4M | $947.3M | $814.5M | $978.0M |
| Tangible asset value | −$136.6M | −$218.3M | −$304.2M | −$444.7M | $478.9M | −$400.3M | −$73.0M | −$95.4M | −$381.8M | −$417.1M |
| Net current asset value | −$254.8M | −$443.0M | −$543.1M | −$650.4M | −$610.1M | −$703.8M | −$221.6M | −$219.4M | −$428.9M | −$478.7M |
| Graham number | $9.70 | $6.72 | $6.52 | — | — | $26.16 | — | — | — | $15.95 |
| Graham net-net per share | −$2.68 | −$4.31 | −$5.10 | −$6.46 | −$8.76 | −$9.56 | −$5.53 | −$5.85 | −$9.19 | −$10.26 |
| Capital allocation | ||||||||||
| Dividends paid | $21.8M | $21.8M | $21.3M | $203.8M | $21.0M | $30.8M | $39.5M | $39.2M | $39.5M | $39.2M |
| Share buybacks (net) | $43.8M | $31.5M | $11.3M | $33.2M | $100.8M | $80.6M | $4.5M | $44.8M | $19.3M | $70.6M |
| Dividend payout ratio | 19.6% | 33.7% | 31.7% | — | — | 21.0% | — | — | — | 69.8% |
| Dividends + buybacks / free cash flow | 43.9% | 28.0% | 22.3% | 139.3% | 55.2% | 30.2% | 28.2% | 65.8% | 40.9% | 83.0% |
| Capex / revenue | 2.0% | 5.9% | 1.6% | 2.9% | 1.6% | 11.3% | 4.8% | 1.8% | 0.9% | 5.2% |
| Capex / operating cash flow | 5.5% | 10.5% | 4.2% | 7.0% | 6.0% | 13.6% | 7.9% | 5.5% | 2.4% | 9.2% |
| Capex / depreciation | 0.15 | 0.31 | 0.07 | 0.08 | 0.06 | 0.33 | 0.12 | 0.06 | 0.03 | 0.39 |
| Stock-based compensation / revenue | 7.8% | 7.1% | 4.6% | 12.0% | 6.6% | 7.6% | 11.3% | 7.6% | 9.0% | 8.1% |
| R&D / revenue | 15.2% | 15.8% | 14.0% | 10.2% | 26.5% | 6.8% | 40.1% | 26.2% | 28.3% | 17.2% |
| SG&A / revenue | 11.0% | 27.5% | 24.5% | 29.6% | 30.3% | 47.6% | 42.1% | 31.5% | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 122.4 | 123.0 | 115.9 | 92.8 | 70.6 | 139.5 | 242.2 | 114.0 | 46.7 | 50.6 |
| Days of inventory on hand | — | — | 27.0 | — | 7.7 | 23.1 | 24.0 | 45.2 | — | — |
| Days payables outstanding | 41.5 | 44.3 | 34.8 | 14.4 | 7.0 | 41.2 | 11.8 | 10.5 | 17.1 | 45.4 |
| Cash conversion cycle (days) | 80.9 | 78.7 | 108.1 | 78.4 | 71.3 | 121.4 | 254.5 | 148.6 | 29.6 | 5.3 |
| Receivables turnover | 2.98 | 2.97 | 3.15 | 3.93 | 5.17 | 2.62 | 1.51 | 3.20 | 7.81 | 7.21 |
| Payables turnover | 8.80 | 8.24 | 10.49 | 25.40 | 52.47 | 8.86 | 31.06 | 34.80 | 21.33 | 8.05 |
| Inventory turnover | — | — | 13.49 | — | 47.45 | 15.80 | 15.19 | 8.08 | — | — |
| Asset turnover | 0.41 | 0.34 | 0.34 | 0.24 | 0.34 | 0.28 | 0.25 | 0.35 | 0.33 | 0.30 |
| Average receivables | $148.7M | $126.7M | $123.4M | $111.6M | $169.7M | $197.2M | $185.9M | $126.8M | $47.8M | $36.0M |
| Average payables | $6.4M | $8.8M | $9.1M | $4.5M | $6.7M | $8.8M | $3.7M | $3.5M | $5.9M | $4.3M |
| Average inventory | — | — | $7.1M | — | $7.5M | $5.0M | $7.6M | $15.1M | — | — |
| Intangibles / total assets | 59.4% | 56.0% | 59.8% | 61.6% | 34.9% | 68.5% | 59.0% | 57.8% | 73.6% | 78.0% |
Computed from ADEA's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ADEA valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Adeia traded at 17.5 times earnings, against a 10-year median of 17.5. Based on the latest twelve months, the trailing P/E is 18.7 and the forward P/E is 15.6. Adeia earned a return on equity of 25.3% and a return on invested capital of 21.4% in fiscal 2025. It ended the year with $427.7 million of debt and $136.7 million in cash and short-term investments, net debt of $291.0 million. It returned $65.6 million to shareholders: $21.8 million in dividends and $43.8 million in share buybacks, 44% of free cash flow. The share count rose 125.1% from 50.2M to 113.0M over 9 years.
See the ADEA income statement, the ADEA chart for price history, or the ADEA stock overview for the latest quote and news.
ADEA key metrics FAQ
What is Adeia's P/E ratio?
Adeia's trailing P/E ratio is 18.7 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 15.6. At the end of fiscal 2025 it was 17.5, compared with a 10-year median of 17.5.
What is Adeia's EV/EBITDA?
Adeia's enterprise value was 9.3 times EBITDA at the end of fiscal 2025 (enterprise value $2.2 billion, EBITDA $239.9 million); the current EV/EBITDA is 11.4.
What is Adeia's return on equity?
Adeia's return on equity (ROE) was 25.3% in fiscal 2025: net income of $111.1 million on average shareholders' equity of $438.6 million.
What is Adeia's ROIC?
Adeia's return on invested capital was 21.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Adeia have?
Adeia had total debt of $427.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.89 and $291.0 million of net debt (1.21 times EBITDA).
What is Adeia's dividend yield?
Adeia's forward dividend yield is 0.98%. Adeia paid $21.8 million in dividends in fiscal 2025 ($0.19 per share), a payout ratio of 19.6%.
Does Adeia buy back its shares?
Yes. Adeia spent $43.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.1% over the year, to 113.0M..
What is Adeia's free cash flow yield?
Adeia generated $149.3 million of free cash flow in fiscal 2025, a free cash flow yield of 7.7% on its market value at year-end ($1.9 billion).
What is Adeia's current ratio?
Adeia's current ratio was 3.81 at the end of fiscal 2025: current assets were 3.81 times current liabilities.