Credo Technology Group Holding Ltd (CRDO) Key Metrics
CRDO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $31.90B
- Enterprise value
- $35.70B
- P/E (TTM)
- 60.2
- Forward P/E
- 30.9
- PEG ratio
- —
- Price / sales
- 20.0 10-yr median 15.0
- Price / book
- 13.4 10-yr median 5.1
- EV / EBITDA
- 64.4
- Dividend yield
- —
- Beta
- 3.25
CRDO key metrics, FY2020–FY2026
Fiscal year ended April 30, 2026 · U.S. dollarsCRDO valuation Price multiples at each fiscal year-end price.
CRDO returns How much profit the business earns on the capital it uses.
CRDO per-share figures Results divided by the shares outstanding at year-end.
CRDO financial health Debt, liquidity and how easily interest is covered.
CRDO efficiency & capital use Working capital cycle and where the cash goes.
CRDO valuation history
CRDO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CRDO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CRDO cash returned to shareholders
CRDO price vs earnings per share
CRDO key metrics
FY2020–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $32.75B | $7.80B | $2.77B | $1.19B | $1.60B | — | — |
| Enterprise value | $31.34B | $7.38B | $2.38B | $986.3M | $1.36B | — | — |
| P/E ratio | 69.4 | 149.5 | — | — | — | — | — |
| Price / sales | 24.5 | 17.9 | 14.4 | 6.5 | 15.0 | — | — |
| Price / book | 15.9 | 11.4 | 5.1 | 3.4 | 4.8 | — | — |
| Price / free cash flow | 80.5 | 268.7 | 162.2 | — | — | — | — |
| Price / operating cash flow | 70.5 | 119.8 | 84.7 | — | — | — | — |
| EV / sales | 23.5 | 16.9 | 12.3 | 5.4 | 12.8 | — | — |
| EV / EBITDA | 61.4 | 96.1 | — | — | — | — | — |
| EV / free cash flow | 77.0 | 254.4 | 139.0 | — | — | — | — |
| Earnings yield | 1.4% | 0.7% | −1.0% | −1.4% | −1.4% | — | — |
| Free cash flow yield | 1.2% | 0.4% | 0.6% | −3.9% | −3.0% | — | — |
| Shareholder yield (dividends + buybacks) | 0.1% | — | — | 0.0% | 0.0% | — | — |
| Share price at fiscal year-end | $174.01 | $43.05 | $17.87 | $8.11 | $11.04 | — | — |
| Per share | |||||||
| Revenue per share | $7.09 | $2.41 | $1.24 | $1.26 | $0.73 | $0.42 | $0.74 |
| Earnings per share | $2.51 | $0.29 | −$0.18 | −$0.11 | −$0.15 | −$0.20 | $0.02 |
| Operating cash flow per share | $2.47 | $0.36 | $0.21 | −$0.17 | −$0.21 | −$0.30 | −$0.14 |
| Free cash flow per share | $2.16 | $0.16 | $0.11 | −$0.32 | −$0.33 | −$0.35 | −$0.26 |
| Cash per share | $7.67 | $2.38 | $2.64 | $1.49 | $1.79 | $0.74 | $1.02 |
| Book value per share | $10.96 | $3.76 | $3.48 | $2.37 | $2.30 | −$0.40 | −$0.13 |
| Tangible book value per share | $10.31 | $3.76 | $3.48 | $2.37 | $2.30 | −$0.40 | −$0.13 |
| Capex per share | $0.30 | $0.20 | $0.10 | $0.15 | $0.12 | $0.04 | $0.12 |
| Debt per share | $0.14 | $0.09 | $0.09 | $0.11 | $0.12 | $1.41 | $1.36 |
| Shares outstanding | 188.2M | 181.2M | 155.1M | 146.6M | 145.0M | 139.9M | 72.7M |
| Change in shares outstanding | +3.9% | +16.8% | +5.8% | +1.1% | +3.6% | +92.6% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 34.4% | 8.5% | −6.4% | −4.9% | −15.9% | — | — |
| Return on invested capital (ROIC) | 96.9% | 17.6% | −20.2% | −14.1% | −26.5% | −73.7% | 8.6% |
| Return on assets (ROA) | 30.4% | 7.4% | −5.7% | −4.3% | −8.3% | −20.9% | 1.2% |
| Return on tangible assets | 21.7% | 6.4% | −4.7% | −4.2% | −5.9% | −17.7% | 1.2% |
| Free cash flow margin | 30.5% | 6.6% | 8.9% | −25.2% | −45.5% | −82.5% | −35.5% |
| Income quality (OCF / net income) | 0.98 | 1.25 | — | — | — | — | −7.71 |
| Financial health | |||||||
| Total debt | $25.4M | $16.0M | $13.9M | $15.5M | $17.2M | $198.0M | $98.6M |
| Cash & short-term investments | $1.44B | $431.3M | $410.0M | $217.8M | $259.3M | $103.8M | $73.9M |
| Net debt | −$1.42B | −$415.3M | −$396.1M | −$202.3M | −$242.1M | $94.2M | $24.7M |
| Debt / equity | 0.01 | 0.02 | 0.03 | 0.04 | 0.05 | — | — |
| Debt / assets | 0.01 | 0.02 | 0.02 | 0.04 | 0.05 | 1.27 | 0.91 |
| Net debt / EBITDA | −2.78 | −5.41 | — | — | — | — | 6.36 |
| Current ratio | 10.15 | 6.62 | 11.88 | 10.58 | 12.54 | 11.00 | 5.16 |
| Quick ratio | 8.88 | 5.79 | 11.30 | 9.09 | 11.50 | 10.43 | 5.04 |
| Interest coverage | — | — | — | -3.3 | -3.4 | -407.0 | — |
| Working capital | $1.80B | $605.8M | $485.6M | $297.2M | $305.7M | $125.3M | $77.3M |
| Invested capital | $645.8M | $266.3M | $144.1M | $145.3M | $92.0M | $38.8M | $15.3M |
| Tangible asset value | $1.94B | $681.6M | $540.2M | $347.6M | $334.2M | −$55.4M | −$9.4M |
| Net current asset value | $1.77B | $585.9M | $468.5M | $278.6M | $290.7M | −$73.1M | −$21.6M |
| Graham number | $24.88 | $4.94 | — | — | — | — | — |
| Graham net-net per share | $8.03 | $2.60 | $2.72 | $1.61 | $1.80 | −$0.64 | −$0.40 |
| Capital allocation | |||||||
| Share buybacks (net) | $19.2M | — | — | $0 | $0 | $22.9M | $0 |
| Dividends + buybacks / free cash flow | 4.7% | — | — | — | — | — | — |
| Capex / revenue | 4.3% | 8.3% | 8.1% | 11.8% | 16.5% | 10.3% | 16.4% |
| Capex / operating cash flow | 12.3% | 55.4% | 47.8% | — | — | — | — |
| Capex / depreciation | 1.65 | 1.64 | 1.14 | 2.28 | 3.67 | 2.73 | 4.87 |
| Stock-based compensation / revenue | 13.7% | 17.7% | 20.2% | 12.8% | 8.6% | 4.4% | 2.3% |
| R&D / revenue | 20.9% | 33.4% | 49.5% | 41.7% | 45.0% | 59.4% | 51.2% |
| SG&A / revenue | 13.8% | 22.6% | 31.2% | 26.2% | 32.8% | 48.8% | 30.6% |
| Efficiency | |||||||
| Days sales outstanding | 54.1 | 101.7 | 132.6 | 97.7 | 99.1 | 112.7 | 122.3 |
| Days of inventory on hand | 145.8 | 137.5 | 178.5 | 171.6 | 148.0 | 83.8 | 107.5 |
| Days payables outstanding | 69.9 | 82.5 | 48.4 | 34.1 | 51.9 | 54.0 | 115.8 |
| Cash conversion cycle (days) | 129.9 | 156.7 | 262.8 | 235.3 | 195.2 | 142.5 | 114.0 |
| Receivables turnover | 6.75 | 3.59 | 2.75 | 3.74 | 3.68 | 3.24 | 2.98 |
| Payables turnover | 5.22 | 4.42 | 7.55 | 10.72 | 7.03 | 6.76 | 3.15 |
| Inventory turnover | 2.50 | 2.65 | 2.04 | 2.13 | 2.47 | 4.35 | 3.40 |
| Asset turnover | 0.86 | 0.62 | 0.39 | 0.48 | 0.40 | 0.45 | 0.50 |
| Average receivables | $197.8M | $121.7M | $70.1M | $49.3M | $28.9M | $18.1M | $18.0M |
| Average payables | $81.8M | $34.8M | $9.7M | $7.3M | $6.0M | $3.0M | $2.5M |
| Average inventory | $170.4M | $58.0M | $36.0M | $36.7M | $17.2M | $4.7M | $2.3M |
| Intangibles / total assets | 5.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from CRDO's annual financial statements (latest annual report filed June 15, 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.
CRDO valuation and financial ratios
At the end of fiscal 2026 (April 30, 2026), Credo Technology traded at 69.4 times earnings. Based on the latest twelve months, the trailing P/E is 60.2 and the forward P/E is 30.9. Credo Technology earned a return on equity of 34.4% and a return on invested capital of 96.9% in fiscal 2026. It ended the year with $25.4 million of debt and $1.4 billion in cash and short-term investments, a net cash position of $1.4 billion. It returned $19.2 million to shareholders: $0 in dividends and $19.2 million in share buybacks, 5% of free cash flow. The share count rose 159.0% from 72.7M to 188.2M over 6 years.
See the CRDO income statement, the CRDO chart for price history, or the CRDO stock overview for the latest quote and news.
CRDO key metrics FAQ
What is Credo Technology's P/E ratio?
Credo Technology's trailing P/E ratio is 60.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 30.9. At the end of fiscal 2026 it was 69.4.
What is Credo Technology's EV/EBITDA?
Credo Technology's enterprise value was 61.4 times EBITDA at the end of fiscal 2026 (enterprise value $31.3 billion, EBITDA $510.1 million); the current EV/EBITDA is 64.4.
What is Credo Technology's return on equity?
Credo Technology's return on equity (ROE) was 34.4% in fiscal 2026: net income of $472.3 million on average shareholders' equity of $1.4 billion.
What is Credo Technology's ROIC?
Credo Technology's return on invested capital was 96.9% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Credo Technology have?
Credo Technology had total debt of $25.4 million at the end of fiscal 2026, a debt-to-equity ratio of 0.01 and more cash than debt.
Does Credo Technology buy back its shares?
Yes. Credo Technology spent $19.2 million on net share repurchases in fiscal 2026 Shares outstanding changed +3.9% over the year, to 188.2M..
What is Credo Technology's free cash flow yield?
Credo Technology generated $407.0 million of free cash flow in fiscal 2026, a free cash flow yield of 1.2% on its market value at year-end ($32.8 billion).
What is Credo Technology's current ratio?
Credo Technology's current ratio was 10.15 at the end of fiscal 2026: current assets were 10.15 times current liabilities.