Immersion Corporation (IMMR) Key Metrics
IMMR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $231.1M
- Enterprise value
- $309.9M
- P/E (TTM)
- 20.5 10-yr median 7.7
- Forward P/E
- 29.0
- PEG ratio
- 2.21
- Price / sales
- 0.1 10-yr median 5.6
- Price / book
- 0.8 10-yr median 2.1
- EV / EBITDA
- 3.3 10-yr median 2.9
- Dividend yield
- 4.31% $0.30 a year
- Beta
- 0.99
IMMR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsIMMR valuation Price multiples at each fiscal year-end price.
IMMR returns How much profit the business earns on the capital it uses.
IMMR per-share figures Results divided by the shares outstanding at year-end.
IMMR financial health Debt, liquidity and how easily interest is covered.
IMMR efficiency & capital use Working capital cycle and where the cash goes.
IMMR valuation history
IMMR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IMMR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IMMR cash returned to shareholders
IMMR price vs earnings per share
IMMR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $224.0M | $288.6M | $229.7M | $235.6M | $181.4M | $321.5M | $234.3M | $281.4M | $206.0M | $305.7M |
| Enterprise value | $356.8M | $456.8M | $69.4M | $86.3M | $44.6M | $263.4M | $145.9M | $156.7M | $163.6M | $220.7M |
| P/E ratio | 49.5 | 4.5 | 6.8 | 7.7 | 14.5 | 59.5 | — | 5.2 | — | — |
| Price / sales | 0.1 | 0.2 | 6.8 | 6.1 | 5.2 | 10.6 | 6.5 | 2.5 | 5.9 | 5.4 |
| Price / book | 0.8 | 0.9 | 1.3 | 1.5 | 1.3 | 5.0 | 2.8 | 2.8 | 21.3 | 5.5 |
| Price / free cash flow | — | — | 11.2 | 5.9 | 10.6 | — | — | 4.0 | — | 14.1 |
| Price / operating cash flow | — | — | 11.2 | 5.9 | 10.4 | — | — | 4.0 | — | 13.9 |
| EV / sales | 0.2 | 0.3 | 2.0 | 2.2 | 1.3 | 8.6 | 4.1 | 1.4 | 4.7 | 3.9 |
| EV / EBITDA | 4.4 | 2.7 | 1.6 | 3.4 | 2.4 | 63.4 | — | 2.9 | — | — |
| EV / free cash flow | — | — | 3.4 | 2.2 | 2.6 | — | — | 2.2 | — | 10.2 |
| Earnings yield | 2.0% | 22.3% | 14.8% | 13.0% | 6.9% | 1.7% | −8.6% | 19.3% | −22.0% | −12.9% |
| Free cash flow yield | −16.3% | −23.8% | 9.0% | 17.0% | 9.4% | −0.0% | −14.6% | 24.8% | −21.3% | 7.1% |
| Dividend yield | 2.5% | 4.5% | 3.2% | 1.8% | — | — | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 3.4% | 5.3% | 6.8% | 7.4% | 0.0% | 9.5% | 1.2% | 0.0% | 0.2% | 0.2% |
| Share price at fiscal year-end | $6.80 | $8.73 | $7.06 | $7.03 | $5.71 | $11.29 | $7.43 | $8.96 | $7.06 | $10.63 |
| Per share | ||||||||||
| Revenue per share | $52.54 | $47.07 | $1.04 | $1.15 | $1.10 | $1.07 | $1.14 | $3.53 | $1.20 | $1.98 |
| Earnings per share | $0.14 | $1.94 | $1.04 | $0.92 | $0.39 | $0.19 | −$0.64 | $1.73 | −$1.55 | −$1.37 |
| Operating cash flow per share | −$0.75 | −$1.74 | $0.63 | $1.20 | $0.55 | $0.00 | −$1.08 | $2.23 | −$1.50 | $0.77 |
| Free cash flow per share | −$1.11 | −$2.08 | $0.63 | $1.20 | $0.54 | −$0.00 | −$1.09 | $2.22 | −$1.51 | $0.75 |
| Cash per share | $5.40 | $4.66 | $4.93 | $4.47 | $4.34 | $2.09 | $2.84 | $3.98 | $1.59 | $3.12 |
| Book value per share | $8.97 | $9.66 | $5.63 | $4.71 | $4.45 | $2.25 | $2.66 | $3.17 | $0.33 | $1.92 |
| Tangible book value per share | $4.18 | $6.55 | $5.63 | $4.71 | $4.44 | $2.25 | $2.66 | $2.93 | $0.31 | $1.90 |
| Dividends per share | $0.17 | $0.39 | $0.23 | $0.13 | — | — | — | — | $0.00 | $0.00 |
| Capex per share | $0.36 | $0.34 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| Debt per share | $9.43 | $9.75 | $0.00 | $0.01 | $0.03 | $0.05 | $0.04 | $0.01 | $0.14 | $0.17 |
| Shares outstanding | 32.9M | 33.1M | 32.5M | 33.5M | 31.8M | 28.5M | 31.5M | 31.4M | 29.2M | 28.8M |
| Change in shares outstanding | −0.4% | +1.6% | −2.9% | +5.5% | +11.6% | −9.7% | +0.4% | +7.6% | +1.5% | −0.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 1.5% | 25.6% | 19.9% | 20.5% | 12.2% | 7.3% | −21.9% | 99.4% | −139.4% | −55.5% |
| Return on invested capital (ROIC) | 3.1% | 36.3% | 90.9% | 378.0% | 248.9% | 354.9% | — | — | — | — |
| Return on assets (ROA) | 0.3% | 8.1% | 16.7% | 16.8% | 9.2% | 4.9% | −14.8% | 54.9% | −58.2% | −37.7% |
| Return on tangible assets | 0.4% | 5.1% | 15.7% | 16.1% | 7.1% | 5.6% | −16.1% | 39.2% | −88.3% | −38.2% |
| Free cash flow margin | −2.1% | −4.4% | 60.7% | 104.3% | 48.8% | −0.1% | −95.3% | 62.9% | −125.5% | 38.0% |
| Income quality (OCF / net income) | −5.48 | −0.90 | 0.61 | 1.31 | 1.40 | 0.00 | — | 1.29 | — | — |
| Financial health | ||||||||||
| Total debt | $310.8M | $322.1M | $39,000 | $486,000 | $1.1M | $1.4M | $1.1M | $204,000 | $4.1M | $4.8M |
| Cash & short-term investments | $177.9M | $153.9M | $160.4M | $149.7M | $137.9M | $59.5M | $89.5M | $124.9M | $46.5M | $89.8M |
| Net debt | $132.8M | $168.2M | −$160.3M | −$149.3M | −$136.8M | −$58.1M | −$88.3M | −$124.7M | −$42.4M | −$85.0M |
| Debt / equity | 1.05 | 1.01 | 0.00 | 0.00 | 0.01 | 0.02 | 0.01 | 0.00 | 0.43 | 0.09 |
| Debt / assets | 0.22 | 0.24 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.08 | 0.05 |
| Net debt / EBITDA | 1.64 | 1.00 | −3.73 | −5.92 | −7.38 | −14.01 | — | −2.31 | — | — |
| Current ratio | 1.83 | 1.72 | 8.93 | 8.94 | 9.22 | 8.47 | 9.05 | 8.85 | 2.52 | 4.47 |
| Quick ratio | 1.16 | 1.04 | 8.93 | 8.94 | 8.42 | 8.47 | 9.05 | 8.85 | 2.52 | 4.47 |
| Interest coverage | 2.2 | 12.3 | — | 8.6 | 36.6 | 0.8 | -5.3 | — | — | — |
| Working capital | $459.4M | $387.4M | $153.1M | $142.4M | $136.7M | $65.6M | $95.1M | $120.5M | $29.0M | $73.0M |
| Invested capital | $428.2M | $487.4M | $22.8M | $8.4M | $4.5M | $5.8M | −$4.6M | −$25.1M | −$32.7M | −$29.7M |
| Tangible asset value | $404.1M | $463.6M | $183.1M | $157.7M | $141.0M | $64.0M | $83.8M | $92.1M | $9.0M | $54.6M |
| Net current asset value | $142.7M | $121.7M | $139.8M | $127.9M | $119.1M | $42.2M | $65.9M | $89.5M | $5.8M | $45.6M |
| Graham number | $5.26 | $20.55 | $11.50 | $9.84 | $6.27 | $3.10 | — | $11.11 | — | — |
| Graham net-net per share | −$5.83 | −$5.83 | $4.16 | $3.70 | $3.81 | $1.33 | $1.62 | $2.53 | $0.17 | $1.47 |
| Capital allocation | ||||||||||
| Dividends paid | $5.5M | $12.9M | $7.4M | $4.2M | — | — | — | — | $0 | $0 |
| Share buybacks (net) | $2.2M | $2.4M | $8.3M | $13.2M | $0 | $30.6M | $2.7M | $0 | $328,000 | $729,000 |
| Dividend payout ratio | 122.1% | 20.0% | 21.8% | 13.7% | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | — | — | 76.1% | 43.5% | 0.0% | — | — | 0.0% | — | 3.4% |
| Capex / revenue | 0.7% | 0.7% | 0.0% | 0.1% | 1.0% | 0.2% | 0.4% | 0.1% | 0.4% | 0.6% |
| Capex / operating cash flow | — | — | 0.0% | 0.1% | 1.9% | 213.6% | — | 0.1% | — | 1.6% |
| Capex / depreciation | 0.28 | 0.32 | 0.03 | 0.21 | 3.38 | 0.02 | 0.07 | 0.09 | 0.13 | 0.38 |
| Stock-based compensation / revenue | 0.5% | 1.0% | 10.0% | 9.3% | 6.7% | 15.6% | 15.2% | 7.8% | 17.4% | 10.7% |
| R&D / revenue | — | 0.0% | 0.8% | 3.6% | 11.8% | 16.5% | 21.8% | 8.8% | 33.6% | 23.5% |
| SG&A / revenue | 91.3% | 85.3% | 46.3% | 32.9% | 37.3% | 75.7% | 137.4% | 43.2% | 191.0% | 102.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 82.7 | 44.0 | 101.6 | 110.7 | 147.0 | 103.2 | 22.5 | 3.1 | 11.4 | 8.3 |
| Days of inventory on hand | 96.2 | 891.0 | 0.0 | 604,348.8 | 27,470.4 | 0.0 | 0.0 | 0.0 | 0.0 | — |
| Days payables outstanding | 80.9 | 735.5 | 86.4 | 4,015.0 | 313.2 | 1,040.7 | 4,746.1 | 8,588.4 | 11,670.7 | 6,115.1 |
| Cash conversion cycle (days) | 98.0 | 199.5 | 15.2 | 600,444.5 | 27,304.2 | -937.5 | -4,723.6 | -8,585.3 | -11,659.3 | -6,106.8 |
| Receivables turnover | 4.42 | 8.30 | 3.59 | 3.30 | 2.48 | 3.54 | 16.21 | 119.53 | 32.00 | 44.00 |
| Payables turnover | 4.51 | 0.50 | 4.23 | 0.09 | 1.17 | 0.35 | 0.08 | 0.04 | 0.03 | 0.06 |
| Inventory turnover | 3.79 | 0.41 | 281,000.00 | 0.00 | 0.01 | 168,000.00 | 170,000.00 | 218,000.00 | 394,000.00 | — |
| Asset turnover | 1.23 | 1.96 | 0.17 | 0.21 | 0.26 | 0.28 | 0.27 | 1.12 | 0.45 | 0.55 |
| Average receivables | $391.9M | $187.5M | $9.4M | $11.7M | $14.1M | $8.6M | $2.2M | $928,500 | $1.1M | $1.3M |
| Average payables | $311.4M | $151.8M | $66,500 | $44,000 | $75,500 | $479,000 | $2.2M | $5.1M | $6.3M | $3.3M |
| Average inventory | $370.5M | $183.9M | $1 | $6.6M | $6.6M | $1 | $1 | $1 | $0 | $0 |
| Intangibles / total assets | 11.0% | 7.5% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 5.2% | 1.3% | 0.7% |
Computed from IMMR's annual financial statements (latest annual report filed May 4, 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.
IMMR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Immersion traded at 49.5 times earnings, against a 10-year median of 7.7. Based on the latest twelve months, the trailing P/E is 20.5 and the forward P/E is 29.0. Immersion earned a return on equity of 1.5% and a return on invested capital of 3.1% in fiscal 2025. It ended the year with $310.8 million of debt and $177.9 million in cash and short-term investments, net debt of $132.8 million. It returned $7.7 million to shareholders: $5.5 million in dividends and $2.2 million in share buybacks. The share count rose 14.5% from 28.8M to 32.9M over 9 years.
See the IMMR income statement, the IMMR chart for price history, or the IMMR stock overview for the latest quote and news.
IMMR key metrics FAQ
What is Immersion's P/E ratio?
Immersion's trailing P/E ratio is 20.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 29.0. At the end of fiscal 2025 it was 49.5, compared with a 10-year median of 7.7.
What is Immersion's EV/EBITDA?
Immersion's enterprise value was 4.4 times EBITDA at the end of fiscal 2025 (enterprise value $356.8 million, EBITDA $80.8 million); the current EV/EBITDA is 3.3.
What is Immersion's return on equity?
Immersion's return on equity (ROE) was 1.5% in fiscal 2025: net income of $4.5 million on average shareholders' equity of $307.3 million.
What is Immersion's ROIC?
Immersion's return on invested capital was 3.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Immersion have?
Immersion had total debt of $310.8 million at the end of fiscal 2025, a debt-to-equity ratio of 1.05 and $132.8 million of net debt (1.64 times EBITDA).
What is Immersion's dividend yield?
Immersion's forward dividend yield is 4.31%. Immersion paid $5.5 million in dividends in fiscal 2025 ($0.17 per share), a payout ratio of 122.1%.
Does Immersion buy back its shares?
Yes. Immersion spent $2.2 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.4% over the year, to 32.9M..
What is Immersion's free cash flow yield?
Immersion generated -$36.6 million of free cash flow in fiscal 2025, a free cash flow yield of −16.3% on its market value at year-end ($224.0 million).
What is Immersion's current ratio?
Immersion's current ratio was 1.83 at the end of fiscal 2025: current assets were 1.83 times current liabilities.