Sanmina Corporation (SANM) Key Metrics
SANM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $9.42B
- Enterprise value
- $11.89B
- P/E (TTM)
- 31.4 10-yr median 14.4
- Forward P/E
- 14.8
- PEG ratio
- 0.74
- Price / sales
- 0.7 10-yr median 0.4
- Price / book
- 4.5 10-yr median 1.5
- EV / EBITDA
- 16.6 10-yr median 6.6
- Dividend yield
- —
- Beta
- 1.61
SANM key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsSANM valuation Price multiples at each fiscal year-end price.
SANM returns How much profit the business earns on the capital it uses.
SANM per-share figures Results divided by the shares outstanding at year-end.
SANM financial health Debt, liquidity and how easily interest is covered.
SANM efficiency & capital use Working capital cycle and where the cash goes.
SANM valuation history
SANM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SANM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SANM cash returned to shareholders
SANM price vs earnings per share
SANM key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $6.35B | $3.90B | $3.25B | $2.91B | $2.65B | $1.91B | $2.30B | $1.93B | $2.90B | $2.24B |
| Enterprise value | $5.78B | $3.66B | $3.00B | $2.79B | $2.39B | $1.84B | $2.23B | $2.12B | $2.98B | $2.31B |
| P/E ratio | 25.8 | 17.5 | 10.5 | 12.1 | 10.6 | 14.4 | 16.3 | — | 20.9 | 11.9 |
| Price / sales | 0.8 | 0.5 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 |
| Price / book | 2.7 | 1.8 | 1.5 | 1.6 | 1.4 | 1.2 | 1.4 | 1.3 | 1.8 | 1.4 |
| Price / free cash flow | 13.4 | 17.0 | 74.1 | 15.1 | 10.0 | 8.1 | 9.3 | 51.3 | 20.9 | 8.3 |
| Price / operating cash flow | 10.2 | 11.5 | 13.8 | 8.8 | 7.8 | 6.4 | 6.0 | 12.3 | 11.6 | 5.7 |
| EV / sales | 0.7 | 0.5 | 0.3 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 |
| EV / EBITDA | 12.5 | 7.8 | 5.3 | 6.4 | 5.8 | 5.5 | 5.4 | 7.1 | 8.6 | 6.8 |
| EV / free cash flow | 12.2 | 16.0 | 68.5 | 14.5 | 9.0 | 7.8 | 9.0 | 56.3 | 21.4 | 8.6 |
| Earnings yield | 3.9% | 5.7% | 9.5% | 8.3% | 9.4% | 7.0% | 6.1% | −5.0% | 4.8% | 8.4% |
| Free cash flow yield | 7.5% | 5.9% | 1.3% | 6.6% | 10.0% | 12.3% | 10.8% | 1.9% | 4.8% | 12.0% |
| Dividend yield | — | — | 0.1% | — | 15.0% | — | 185.1% | 209.6% | 32.1% | 0.0% |
| Shareholder yield (dividends + buybacks) | 1.8% | 6.5% | 3.4% | 11.4% | 17.3% | 9.3% | 185.6% | 217.8% | 38.2% | 6.3% |
| Share price at fiscal year-end | $115.11 | $68.45 | $54.28 | $46.08 | $38.54 | $27.05 | $32.11 | $27.60 | $37.15 | $28.47 |
| Per share | ||||||||||
| Revenue per share | $147.31 | $132.85 | $149.38 | $125.48 | $97.94 | $98.18 | $114.87 | $101.82 | $87.91 | $82.26 |
| Earnings per share | $4.46 | $3.91 | $5.18 | $3.81 | $3.63 | $1.88 | $1.97 | −$1.37 | $1.78 | $2.38 |
| Operating cash flow per share | $11.25 | $5.97 | $3.93 | $5.24 | $4.92 | $4.25 | $5.34 | $2.24 | $3.21 | $4.95 |
| Free cash flow per share | $8.58 | $4.02 | $0.73 | $3.05 | $3.87 | $3.34 | $3.46 | $0.54 | $1.78 | $3.42 |
| Cash per share | $17.51 | $10.99 | $11.16 | $8.39 | $9.45 | $6.79 | $6.34 | $6.01 | $5.21 | $5.06 |
| Book value per share | $42.66 | $38.56 | $36.26 | $28.83 | $27.31 | $23.02 | $22.92 | $21.09 | $21.09 | $20.43 |
| Tangible book value per share | $42.66 | $38.56 | $36.26 | $28.83 | $27.31 | $23.02 | $22.52 | $20.24 | $20.21 | $18.72 |
| Dividends per share | — | — | $0.06 | — | $5.76 | — | $59.42 | $57.86 | $11.94 | $0.00 |
| Capex per share | $2.67 | $1.95 | $3.20 | $2.20 | $1.05 | $0.91 | $1.88 | $1.70 | $1.43 | $1.53 |
| Debt per share | $7.14 | $6.74 | $7.04 | $6.53 | $5.61 | $5.67 | $5.38 | $8.70 | $6.14 | $5.87 |
| Shares outstanding | 55.2M | 57.0M | 59.8M | 63.1M | 68.8M | 70.8M | 71.7M | 69.8M | 78.1M | 78.8M |
| Change in shares outstanding | −3.1% | −4.8% | −5.2% | −8.3% | −2.8% | −1.2% | +2.6% | −10.6% | −0.8% | −8.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.8% | 10.2% | 15.5% | 13.0% | 14.2% | 8.1% | 9.1% | −6.1% | 8.5% | 12.0% |
| Return on invested capital (ROIC) | 14.9% | 13.0% | 19.9% | 16.8% | 14.3% | 9.7% | 6.3% | 3.5% | 8.7% | 12.4% |
| Return on assets (ROA) | 4.6% | 4.6% | 6.4% | 5.3% | 6.3% | 3.5% | 3.5% | −2.4% | 3.7% | 5.3% |
| Return on tangible assets | 4.2% | 4.6% | 6.4% | 5.0% | 5.9% | 3.5% | 3.7% | −2.4% | 3.7% | 5.4% |
| Free cash flow margin | 5.8% | 3.0% | 0.5% | 2.4% | 3.9% | 3.4% | 3.0% | 0.5% | 2.0% | 4.2% |
| Income quality (OCF / net income) | 2.52 | 1.53 | 0.76 | 1.38 | 1.36 | 2.26 | 2.71 | — | 1.81 | 2.08 |
| Financial health | ||||||||||
| Total debt | $394.2M | $384.1M | $421.3M | $412.0M | $386.1M | $401.7M | $385.3M | $607.7M | $479.9M | $462.5M |
| Cash & short-term investments | $966.2M | $625.9M | $667.6M | $529.9M | $650.0M | $480.5M | $454.7M | $419.5M | $406.7M | $398.3M |
| Net debt | −$572.0M | −$241.8M | −$246.3M | −$117.9M | −$263.9M | −$78.9M | −$69.4M | $188.1M | $73.2M | $64.2M |
| Debt / equity | 0.17 | 0.17 | 0.19 | 0.23 | 0.21 | 0.25 | 0.23 | 0.41 | 0.29 | 0.29 |
| Debt / assets | 0.07 | 0.08 | 0.09 | 0.09 | 0.09 | 0.11 | 0.10 | 0.15 | 0.12 | 0.13 |
| Net debt / EBITDA | −1.23 | −0.52 | −0.43 | −0.27 | −0.64 | −0.24 | −0.17 | 0.63 | 0.21 | 0.19 |
| Current ratio | 1.72 | 1.99 | 1.91 | 1.57 | 1.86 | 1.85 | 1.74 | 1.26 | 1.62 | 1.70 |
| Quick ratio | 1.02 | 1.25 | 1.18 | 0.89 | 1.27 | 1.29 | 1.20 | 0.68 | 0.97 | 1.02 |
| Interest coverage | 82.5 | 11.5 | 12.6 | 15.6 | 13.1 | 7.6 | 5.8 | 4.3 | 10.3 | 9.0 |
| Working capital | $2.04B | $1.93B | $1.85B | $1.42B | $1.52B | $1.30B | $1.24B | $612.5M | $1.00B | $974.4M |
| Invested capital | $1.78B | $1.95B | $1.92B | $1.70B | $1.61B | $1.55B | $1.57B | $1.66B | $1.72B | $1.67B |
| Tangible asset value | $2.54B | $2.36B | $2.32B | $1.82B | $1.88B | $1.63B | $1.61B | $1.41B | $1.58B | $1.48B |
| Net current asset value | $1.55B | $1.41B | $1.32B | $874.6M | $953.6M | $676.7M | $658.0M | $402.1M | $416.6M | $360.2M |
| Graham number | $65.40 | $58.21 | $65.02 | $49.70 | $47.21 | $31.22 | $31.91 | — | $29.04 | $33.11 |
| Graham net-net per share | $0.20 | $3.12 | $1.81 | −$6.86 | −$0.06 | −$2.14 | −$2.99 | −$8.92 | −$5.56 | −$5.25 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $3.4M | — | $396.6M | — | $4.26B | $4.04B | $932.8M | $0 |
| Share buybacks (net) | $113.8M | $254.3M | $107.1M | $331.1M | $61.1M | $179.0M | $12.6M | $157.6M | $176.9M | $142.2M |
| Dividend payout ratio | — | — | 1.1% | — | 158.9% | — | — | — | 671.9% | 0.0% |
| Dividends + buybacks / free cash flow | 24.0% | 111.1% | 252.3% | 172.3% | 172.0% | 75.8% | — | — | 797.6% | 52.7% |
| Capex / revenue | 1.8% | 1.5% | 2.1% | 1.8% | 1.1% | 0.9% | 1.6% | 1.7% | 1.6% | 1.9% |
| Capex / operating cash flow | 23.7% | 32.7% | 81.4% | 41.9% | 21.3% | 21.4% | 35.2% | 76.0% | 44.6% | 30.9% |
| Capex / depreciation | 1.23 | 0.91 | 1.62 | 1.27 | 0.66 | 0.56 | 1.15 | 1.00 | 0.94 | 1.08 |
| Stock-based compensation / revenue | 0.8% | 0.8% | 0.6% | 0.5% | 0.5% | 0.4% | 0.4% | 0.5% | 0.6% | 0.4% |
| R&D / revenue | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.5% | 0.6% |
| SG&A / revenue | 3.6% | 3.5% | 2.7% | 3.1% | 3.5% | 3.5% | 3.2% | 3.5% | 3.7% | 3.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 79.7 | 81.9 | 67.2 | 72.7 | 80.7 | 77.8 | 59.9 | 58.7 | 55.4 | 53.8 |
| Days of inventory on hand | 84.5 | 76.9 | 70.4 | 68.0 | 55.8 | 50.0 | 54.3 | 66.6 | 57.4 | 57.0 |
| Days payables outstanding | 74.4 | 80.5 | 81.4 | 87.7 | 78.6 | 72.3 | 68.9 | 77.6 | 69.0 | 66.0 |
| Cash conversion cycle (days) | 89.8 | 78.4 | 56.2 | 53.1 | 57.9 | 55.6 | 45.3 | 47.7 | 43.8 | 44.9 |
| Receivables turnover | 4.58 | 4.45 | 5.43 | 5.02 | 4.52 | 4.69 | 6.09 | 6.22 | 6.59 | 6.78 |
| Payables turnover | 4.91 | 4.54 | 4.48 | 4.16 | 4.64 | 5.05 | 5.30 | 4.70 | 5.29 | 5.53 |
| Inventory turnover | 4.32 | 4.74 | 5.18 | 5.36 | 6.55 | 7.30 | 6.72 | 5.48 | 6.36 | 6.40 |
| Asset turnover | 1.52 | 1.56 | 1.84 | 1.75 | 1.69 | 1.81 | 2.06 | 1.79 | 1.84 | 1.82 |
| Average receivables | $1.77B | $1.70B | $1.65B | $1.58B | $1.49B | $1.48B | $1.35B | $1.14B | $1.04B | $955.3M |
| Average payables | $1.51B | $1.53B | $1.83B | $1.75B | $1.34B | $1.27B | $1.44B | $1.41B | $1.20B | $1.08B |
| Average inventory | $1.72B | $1.46B | $1.58B | $1.36B | $948.9M | $880.9M | $1.14B | $1.21B | $999.0M | $932.5M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.7% | 1.5% | 1.8% | 3.7% |
Computed from SANM's annual financial statements (latest annual report filed November 13, 2025) 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.
SANM valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Sanmina traded at 25.8 times earnings, against a 10-year median of 14.4. Based on the latest twelve months, the trailing P/E is 31.4 and the forward P/E is 14.8. Sanmina earned a return on equity of 10.8% and a return on invested capital of 14.9% in fiscal 2025. It ended the year with $394.2 million of debt and $966.2 million in cash and short-term investments, a net cash position of $572.0 million. It returned $113.8 million to shareholders: $0 in dividends and $113.8 million in share buybacks, 24% of free cash flow. The share count fell 30.0% from 78.8M to 55.2M over 9 years.
See the SANM income statement, the SANM chart for price history, or the SANM stock overview for the latest quote and news.
SANM key metrics FAQ
What is Sanmina's P/E ratio?
Sanmina's trailing P/E ratio is 31.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.8. At the end of fiscal 2025 it was 25.8, compared with a 10-year median of 14.4.
What is Sanmina's EV/EBITDA?
Sanmina's enterprise value was 12.5 times EBITDA at the end of fiscal 2025 (enterprise value $5.8 billion, EBITDA $463.2 million); the current EV/EBITDA is 16.6.
What is Sanmina's return on equity?
Sanmina's return on equity (ROE) was 10.8% in fiscal 2025: net income of $245.9 million on average shareholders' equity of $2.3 billion.
What is Sanmina's ROIC?
Sanmina's return on invested capital was 14.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Sanmina have?
Sanmina had total debt of $394.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.17 and more cash than debt.
Does Sanmina buy back its shares?
Yes. Sanmina spent $113.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.1% over the year, to 55.2M..
What is Sanmina's free cash flow yield?
Sanmina generated $473.3 million of free cash flow in fiscal 2025, a free cash flow yield of 7.5% on its market value at year-end ($6.4 billion).
What is Sanmina's current ratio?
Sanmina's current ratio was 1.72 at the end of fiscal 2025: current assets were 1.72 times current liabilities.