Arm Holdings plc (ARM) Key Metrics
ARM valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $243.29B
- Enterprise value
- $351.75B
- P/E (TTM)
- 234.8 10-yr median 178.7
- Forward P/E
- 151.5
- PEG ratio
- 2.73
- Price / sales
- 47.2 10-yr median 32.8
- Price / book
- 41.2 10-yr median 19.5
- EV / EBITDA
- 304.3 10-yr median 123.0
- Dividend yield
- —
- Beta
- 3.79
ARM key metrics, FY2021–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsARM valuation Price multiples at each fiscal year-end price.
ARM returns How much profit the business earns on the capital it uses.
ARM per-share figures Results divided by the shares outstanding at year-end.
ARM financial health Debt, liquidity and how easily interest is covered.
ARM efficiency & capital use Working capital cycle and where the cash goes.
ARM valuation history
ARM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ARM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ARM cash returned to shareholders
ARM price vs earnings per share
ARM key metrics
FY2021–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $161.57B | $113.52B | $130.55B | — | — | — |
| Enterprise value | $158.42B | $111.05B | $127.85B | — | — | — |
| P/E ratio | 178.7 | 143.3 | 426.6 | — | — | — |
| Price / sales | 32.8 | 28.3 | 40.4 | — | — | — |
| Price / book | 19.5 | 16.6 | 24.7 | — | — | — |
| Price / free cash flow | 165.0 | 637.7 | 137.9 | — | — | — |
| Price / operating cash flow | 106.0 | 285.9 | 119.8 | — | — | — |
| EV / sales | 32.2 | 27.7 | 39.5 | — | — | — |
| EV / EBITDA | 112.7 | 123.0 | 341.9 | — | — | — |
| EV / free cash flow | 161.8 | 623.9 | 135.0 | — | — | — |
| Earnings yield | 0.6% | 0.7% | 0.2% | — | — | — |
| Free cash flow yield | 0.6% | 0.2% | 0.7% | — | — | — |
| Share price at fiscal year-end | $151.28 | $106.79 | $124.99 | — | — | — |
| Per share | ||||||
| Revenue per share | $4.61 | $3.77 | $3.10 | $2.61 | $2.63 | $1.98 |
| Earnings per share | $0.85 | $0.75 | $0.29 | $0.51 | $0.54 | $0.38 |
| Operating cash flow per share | $1.43 | $0.37 | $1.04 | $0.72 | $0.45 | $1.20 |
| Free cash flow per share | $0.92 | $0.17 | $0.91 | $0.63 | $0.37 | $1.04 |
| Cash per share | $3.37 | $2.66 | $2.80 | $2.16 | $1.59 | — |
| Book value per share | $7.76 | $6.43 | $5.07 | $3.95 | $3.46 | — |
| Tangible book value per share | $6.02 | $4.77 | $3.37 | $2.23 | $1.66 | — |
| Dividends per share | — | — | — | $0.00 | $0.00 | $0.73 |
| Capex per share | $0.51 | $0.21 | $0.14 | $0.09 | $0.07 | $0.16 |
| Debt per share | $0.43 | $0.33 | $0.22 | $0.21 | $0.25 | — |
| Shares outstanding | 1.07B | 1.06B | 1.04B | 1.03B | 1.03B | 1.03B |
| Change in shares outstanding | +0.5% | +1.8% | +1.8% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | 12.0% | 13.1% | 6.5% | 13.8% | 15.5% | — |
| Return on invested capital (ROIC) | 14.9% | 23.7% | 4.3% | 25.0% | 26.9% | — |
| Return on assets (ROA) | 9.2% | 9.4% | 4.1% | 7.8% | 8.4% | — |
| Return on tangible assets | 10.2% | 11.1% | 5.0% | 10.3% | 11.8% | — |
| Free cash flow margin | 19.9% | 4.4% | 29.3% | 24.1% | 14.2% | 52.7% |
| Income quality (OCF / net income) | 1.69 | 0.50 | 3.56 | 1.41 | 0.83 | 3.18 |
| Financial health | ||||||
| Total debt | $457.0M | $356.0M | $226.0M | $219.0M | $261.0M | — |
| Cash & short-term investments | $3.60B | $2.83B | $2.92B | $2.21B | $1.64B | — |
| Net debt | −$3.14B | −$2.47B | −$2.70B | −$2.00B | −$1.37B | — |
| Debt / equity | 0.06 | 0.05 | 0.04 | 0.05 | 0.07 | — |
| Debt / assets | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | — |
| Net debt / EBITDA | −2.24 | −2.73 | −7.21 | −2.37 | −1.43 | — |
| Current ratio | 6.00 | 5.20 | 2.79 | 2.60 | 2.22 | — |
| Quick ratio | 6.00 | 5.20 | 2.79 | 2.60 | 2.22 | — |
| Working capital | $5.20B | $3.90B | $2.69B | $2.17B | $1.70B | — |
| Invested capital | $5.14B | $4.37B | $2.60B | $2.06B | $2.17B | — |
| Tangible asset value | $6.43B | $5.07B | $3.52B | $2.29B | $1.71B | — |
| Net current asset value | $3.82B | $2.74B | $1.56B | $722.0M | $130.0M | — |
| Graham number | $12.16 | $10.39 | $5.78 | $6.74 | $6.45 | — |
| Graham net-net per share | $2.84 | $2.03 | $1.09 | $0.27 | −$0.35 | — |
| Capital allocation | ||||||
| Dividends paid | — | — | — | $0 | $0 | $750.0M |
| Dividend payout ratio | — | — | — | 0.0% | 0.0% | 193.3% |
| Dividends + buybacks / free cash flow | — | — | — | 0.0% | 0.0% | 70.2% |
| Capex / revenue | 11.1% | 5.5% | 4.4% | 3.5% | 2.8% | 8.1% |
| Capex / operating cash flow | 35.8% | 55.2% | 13.1% | 12.6% | 16.4% | 13.4% |
| Capex / depreciation | 2.19 | 1.20 | 0.88 | 0.55 | 0.41 | 0.82 |
| Stock-based compensation / revenue | 21.4% | 20.5% | 32.1% | 2.9% | 1.0% | 2.7% |
| R&D / revenue | 56.4% | 50.1% | 59.8% | 40.3% | 35.0% | 37.9% |
| SG&A / revenue | 22.7% | 24.6% | 30.4% | 28.4% | 33.2% | 40.7% |
| Efficiency | ||||||
| Days sales outstanding | 161.9 | 137.9 | 129.5 | 167.2 | 174.2 | — |
| Days payables outstanding | 70.5 | 78.8 | 71.0 | 114.2 | 94.6 | — |
| Cash conversion cycle (days) | 91.3 | 59.0 | 58.5 | 53.1 | 79.6 | — |
| Receivables turnover | 2.25 | 2.65 | 2.82 | 2.18 | 2.10 | — |
| Payables turnover | 5.17 | 4.63 | 5.14 | 3.20 | 3.86 | — |
| Asset turnover | 0.50 | 0.48 | 0.44 | 0.40 | 0.42 | — |
| Average receivables | $2.18B | $1.51B | $1.15B | $1.23B | $1.29B | — |
| Average payables | $71.5M | $44.5M | $45.5M | $61.0M | $57.0M | — |
| Intangibles / total assets | 17.3% | 19.8% | 22.4% | 25.6% | 28.3% | — |
Computed from ARM's annual financial statements (latest annual report filed May 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.
ARM valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), Arm Holdings traded at 178.7 times earnings, against a 6-year median of 178.7. Based on the latest twelve months, the trailing P/E is 234.8 and the forward P/E is 151.5. Arm Holdings earned a return on equity of 12.0% and a return on invested capital of 14.9% in fiscal 2026. It ended the year with $457.0 million of debt and $3.6 billion in cash and short-term investments, a net cash position of $3.1 billion. The share count rose 4.1% from 1.03B to 1.07B over 5 years.
See the ARM income statement, the ARM chart for price history, or the ARM stock overview for the latest quote and news.
ARM key metrics FAQ
What is Arm Holdings's P/E ratio?
Arm Holdings's trailing P/E ratio is 234.8 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 151.5. At the end of fiscal 2026 it was 178.7, compared with a 6-year median of 178.7.
What is Arm Holdings's EV/EBITDA?
Arm Holdings's enterprise value was 112.7 times EBITDA at the end of fiscal 2026 (enterprise value $158.4 billion, EBITDA $1.4 billion); the current EV/EBITDA is 304.3.
What is Arm Holdings's return on equity?
Arm Holdings's return on equity (ROE) was 12.0% in fiscal 2026: net income of $904.0 million on average shareholders' equity of $7.6 billion.
What is Arm Holdings's ROIC?
Arm Holdings's return on invested capital was 14.9% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Arm Holdings have?
Arm Holdings had total debt of $457.0 million at the end of fiscal 2026, a debt-to-equity ratio of 0.06 and more cash than debt.
What is Arm Holdings's free cash flow yield?
Arm Holdings generated $979.0 million of free cash flow in fiscal 2026, a free cash flow yield of 0.6% on its market value at year-end ($161.6 billion).
What is Arm Holdings's current ratio?
Arm Holdings's current ratio was 6.00 at the end of fiscal 2026: current assets were 6.00 times current liabilities.