Semtech Corporation (SMTC) Key Metrics
SMTC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $12.76B
- Enterprise value
- $16.56B
- P/E (TTM)
- 90.5 10-yr median 47.8
- Forward P/E
- 53.2
- PEG ratio
- 3.39
- Price / sales
- 10.9 10-yr median 5.3
- Price / book
- 21.7 10-yr median 4.9
- EV / EBITDA
- 158.8 10-yr median 24.8
- Dividend yield
- —
- Beta
- 2.42
SMTC key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsSMTC valuation Price multiples at each fiscal year-end price.
SMTC returns How much profit the business earns on the capital it uses.
SMTC per-share figures Results divided by the shares outstanding at year-end.
SMTC financial health Debt, liquidity and how easily interest is covered.
SMTC efficiency & capital use Working capital cycle and where the cash goes.
SMTC valuation history
SMTC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SMTC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SMTC cash returned to shareholders
SMTC price vs earnings per share
SMTC key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $7.05B | $4.79B | $1.27B | $2.11B | $4.66B | $4.69B | $3.25B | $3.33B | $2.42B | $2.18B |
| Enterprise value | $7.35B | $5.19B | $2.51B | $3.23B | $4.56B | $4.60B | $3.15B | $3.22B | $2.34B | $2.12B |
| P/E ratio | — | — | — | 34.4 | 37.1 | 78.2 | 101.9 | 47.8 | 66.4 | 39.9 |
| Price / sales | 6.7 | 5.3 | 1.5 | 2.8 | 6.3 | 7.9 | 5.9 | 5.3 | 4.1 | 4.0 |
| Price / book | 12.8 | 8.8 | — | 2.8 | 6.3 | 6.7 | 4.8 | 4.9 | 3.6 | 3.6 |
| Price / free cash flow | 44.1 | 109.5 | — | 21.5 | 26.3 | 54.4 | 34.0 | 20.0 | 34.3 | 25.7 |
| Price / operating cash flow | 38.9 | 82.7 | — | 16.7 | 22.9 | 39.4 | 27.4 | 18.1 | 22.8 | 18.5 |
| EV / sales | 7.0 | 5.7 | 2.9 | 4.3 | 6.2 | 7.7 | 5.8 | 5.1 | 4.0 | 3.9 |
| EV / EBITDA | 111.9 | — | — | 24.6 | 25.0 | 41.6 | 34.9 | 23.3 | 18.2 | 19.8 |
| EV / free cash flow | 46.0 | 118.5 | — | 32.8 | 25.8 | 53.4 | 33.0 | 19.4 | 33.2 | 25.1 |
| Earnings yield | −0.6% | −3.4% | −85.8% | 2.9% | 2.7% | 1.3% | 1.0% | 2.1% | 1.5% | 2.5% |
| Free cash flow yield | 2.3% | 0.9% | −9.8% | 4.7% | 3.8% | 1.8% | 2.9% | 5.0% | 2.9% | 3.9% |
| Dividend yield | — | — | — | — | 0.1% | 0.2% | 0.2% | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 3.1% | 0.0% | 0.5% | 2.4% | 2.9% | 1.7% | 2.3% | 3.5% | 0.6% | 0.0% |
| Share price at fiscal year-end | $79.75 | $66.96 | $19.84 | $33.03 | $71.10 | $70.95 | $48.19 | $48.56 | $35.80 | $32.95 |
| Per share | ||||||||||
| Revenue per share | $11.88 | $12.70 | $13.55 | $11.82 | $11.30 | $9.01 | $8.12 | $9.16 | $8.70 | $8.23 |
| Earnings per share | −$0.46 | −$2.26 | −$17.03 | $0.96 | $1.92 | $0.91 | $0.47 | $1.02 | $0.54 | $0.83 |
| Operating cash flow per share | $2.05 | $0.81 | −$1.46 | $1.98 | $3.10 | $1.80 | $1.76 | $2.68 | $1.57 | $1.78 |
| Free cash flow per share | $1.81 | $0.61 | −$1.95 | $1.54 | $2.70 | $1.30 | $1.42 | $2.43 | $1.04 | $1.28 |
| Cash per share | $2.21 | $2.30 | $2.23 | $3.68 | $4.26 | $4.07 | $4.35 | $4.56 | $4.55 | $4.49 |
| Book value per share | $6.22 | $7.58 | −$4.79 | $11.81 | $11.25 | $10.58 | $10.03 | $9.97 | $9.84 | $9.16 |
| Tangible book value per share | $0.59 | −$0.33 | −$13.79 | −$11.58 | $5.79 | $5.09 | $4.53 | $4.31 | $3.89 | $3.23 |
| Dividends per share | — | — | — | — | $0.08 | $0.13 | $0.09 | — | $0.00 | $0.00 |
| Capex per share | $0.11 | $0.20 | $0.48 | $0.44 | $0.40 | $0.50 | $0.34 | $0.25 | $0.52 | $0.50 |
| Debt per share | $5.63 | $7.79 | $21.48 | $21.03 | $2.68 | $2.77 | $2.94 | $3.08 | $3.35 | $3.64 |
| Shares outstanding | 88.4M | 71.6M | 64.1M | 64.0M | 65.6M | 66.1M | 67.4M | 68.5M | 67.6M | 66.1M |
| Change in shares outstanding | +23.5% | +11.7% | +0.2% | −2.4% | −0.7% | −2.0% | −1.6% | +1.3% | +2.3% | +0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −7.4% | −137.8% | — | 8.2% | 17.5% | 8.7% | 4.7% | 10.3% | 5.7% | 9.6% |
| Return on invested capital (ROIC) | 11.8% | 5.2% | −1.9% | 9.9% | 20.3% | 11.8% | 6.2% | 15.2% | 8.6% | 8.0% |
| Return on assets (ROA) | −2.9% | −11.6% | −55.4% | 3.3% | 11.4% | 5.6% | 3.0% | 6.5% | 3.5% | 5.7% |
| Return on tangible assets | −4.4% | −19.0% | −137.0% | 5.7% | 16.3% | 8.3% | 4.7% | 10.3% | 5.3% | 8.8% |
| Free cash flow margin | 15.2% | 4.8% | −14.4% | 13.0% | 23.9% | 14.5% | 17.5% | 26.5% | 12.0% | 15.6% |
| Income quality (OCF / net income) | — | — | — | 2.06 | 1.62 | 1.99 | 3.72 | 2.64 | 2.91 | 2.15 |
| Financial health | ||||||||||
| Total debt | $497.3M | $557.5M | $1.38B | $1.35B | $175.7M | $183.2M | $198.0M | $211.1M | $226.5M | $241.0M |
| Cash & short-term investments | $195.2M | $164.5M | $143.1M | $235.5M | $279.6M | $268.9M | $293.3M | $312.1M | $307.9M | $297.1M |
| Net debt | $302.1M | $393.1M | $1.23B | $1.11B | −$103.9M | −$85.7M | −$95.3M | −$101.0M | −$81.4M | −$56.2M |
| Debt / equity | 0.90 | 1.03 | — | 1.78 | 0.24 | 0.26 | 0.29 | 0.31 | 0.34 | 0.40 |
| Debt / assets | 0.35 | 0.39 | 1.00 | 0.52 | 0.16 | 0.17 | 0.19 | 0.20 | 0.21 | 0.24 |
| Net debt / EBITDA | 4.60 | — | — | 8.47 | −0.57 | −0.78 | −1.05 | −0.73 | −0.63 | −0.52 |
| Current ratio | 2.37 | 2.07 | 2.46 | 1.82 | 3.91 | 4.33 | 4.67 | 3.74 | 3.65 | 3.57 |
| Quick ratio | 1.66 | 1.49 | 1.79 | 1.30 | 3.02 | 3.53 | 3.93 | 3.25 | 3.09 | 3.03 |
| Interest coverage | 3.3 | 0.7 | -0.3 | 10.3 | 23.6 | 14.0 | 5.6 | 9.6 | 10.0 | 6.7 |
| Working capital | $379.2M | $302.4M | $317.0M | $325.9M | $373.9M | $365.2M | $362.1M | $355.4M | $335.0M | $315.5M |
| Invested capital | $851.8M | $935.5M | $927.0M | $1.87B | $633.6M | $613.2M | $581.2M | $581.7M | $583.6M | $549.1M |
| Tangible asset value | $51.8M | −$23.8M | −$884.0M | −$740.8M | $379.8M | $336.1M | $305.4M | $295.0M | $262.9M | $213.8M |
| Net current asset value | −$205.5M | −$291.4M | −$1.15B | −$1.09B | $109.2M | $91.6M | $85.5M | $105.1M | $40.5M | $29.6M |
| Graham number | — | — | — | $15.96 | $22.03 | $14.69 | $10.33 | $15.10 | $10.92 | $13.05 |
| Graham net-net per share | −$4.76 | −$6.84 | −$21.08 | −$21.14 | −$0.04 | −$0.27 | $0.02 | $0.34 | −$0.55 | −$0.61 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $5.3M | $8.5M | $6.0M | — | $0 | $0 |
| Share buybacks (net) | $217.8M | $0 | $6.7M | $50.0M | $129.7M | $71.4M | $70.2M | $116.2M | $14.8M | $1.0M |
| Dividend payout ratio | — | — | — | — | 4.2% | 14.2% | 18.8% | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 136.3% | 0.0% | — | 50.8% | 76.3% | 92.7% | 79.8% | 69.8% | 21.1% | 1.2% |
| Capex / revenue | 0.9% | 1.6% | 3.6% | 3.7% | 3.5% | 5.5% | 4.2% | 2.7% | 6.0% | 6.0% |
| Capex / operating cash flow | 5.4% | 24.5% | — | 22.4% | 12.9% | 27.5% | 19.4% | 9.3% | 33.5% | 28.0% |
| Capex / depreciation | 0.21 | 0.29 | 0.37 | 0.77 | 0.74 | 0.91 | 0.58 | 0.34 | 0.72 | 0.70 |
| Stock-based compensation / revenue | 5.5% | 7.5% | 4.6% | 5.2% | 6.9% | 8.9% | 9.5% | 11.8% | 8.2% | 5.7% |
| R&D / revenue | 18.7% | 18.8% | 21.5% | 20.6% | 20.0% | 19.7% | 19.6% | 17.4% | 17.8% | 18.8% |
| SG&A / revenue | 21.1% | 24.5% | 25.3% | 31.0% | 22.7% | 27.4% | 29.8% | 24.1% | 24.8% | 25.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 66.8 | 68.2 | 65.8 | 56.3 | 35.0 | 40.6 | 47.0 | 38.5 | 32.5 | 32.0 |
| Days of inventory on hand | 129.0 | 124.1 | 130.1 | 211.5 | 131.5 | 122.1 | 109.7 | 88.8 | 94.8 | 96.8 |
| Days payables outstanding | 51.5 | 42.0 | 53.8 | 99.5 | 65.8 | 74.7 | 73.2 | 53.0 | 54.8 | 57.8 |
| Cash conversion cycle (days) | 144.3 | 150.4 | 142.2 | 168.2 | 100.6 | 88.0 | 83.6 | 74.4 | 72.5 | 71.1 |
| Receivables turnover | 5.46 | 5.35 | 5.55 | 6.49 | 10.44 | 8.99 | 7.76 | 9.47 | 11.24 | 11.39 |
| Payables turnover | 7.09 | 8.70 | 6.79 | 3.67 | 5.55 | 4.88 | 4.99 | 6.89 | 6.66 | 6.32 |
| Inventory turnover | 2.83 | 2.94 | 2.81 | 1.73 | 2.78 | 2.99 | 3.33 | 4.11 | 3.85 | 3.77 |
| Asset turnover | 0.74 | 0.65 | 0.44 | 0.41 | 0.67 | 0.56 | 0.52 | 0.58 | 0.56 | 0.57 |
| Average receivables | $192.2M | $169.9M | $156.7M | $116.6M | $71.0M | $66.2M | $70.6M | $66.2M | $52.3M | $47.8M |
| Average payables | $71.7M | $52.1M | $72.9M | $75.7M | $50.4M | $49.1M | $45.6M | $40.2M | $39.6M | $38.7M |
| Average inventory | $179.7M | $154.3M | $176.3M | $160.9M | $100.7M | $80.3M | $68.3M | $67.4M | $68.5M | $64.9M |
| Intangibles / total assets | 35.3% | 39.9% | 42.0% | 58.2% | 31.7% | 33.5% | 35.3% | 36.5% | 37.0% | 38.6% |
Computed from SMTC's annual financial statements (latest annual report filed March 23, 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.
SMTC valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 90.5 and the forward P/E is 53.2. Semtech earned a return on equity of −7.4% and a return on invested capital of 11.8% in fiscal 2026. It ended the year with $497.3 million of debt and $195.2 million in cash and short-term investments, net debt of $302.1 million. It returned $217.8 million to shareholders: $0 in dividends and $217.8 million in share buybacks, 136% of free cash flow. The share count rose 33.7% from 66.1M to 88.4M over 9 years.
See the SMTC income statement, the SMTC chart for price history, or the SMTC stock overview for the latest quote and news.
SMTC key metrics FAQ
What is Semtech's P/E ratio?
Semtech's trailing P/E ratio is 90.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 53.2. At the end of fiscal 2026 it was —, compared with a 10-year median of 47.8.
What is Semtech's EV/EBITDA?
Semtech's enterprise value was 111.9 times EBITDA at the end of fiscal 2026 (enterprise value $7.4 billion, EBITDA $65.7 million); the current EV/EBITDA is 158.8.
What is Semtech's return on equity?
Semtech's return on equity (ROE) was −7.4% in fiscal 2026: net income of -$40.4 million on average shareholders' equity of $546.1 million.
What is Semtech's ROIC?
Semtech's return on invested capital was 11.8% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Semtech have?
Semtech had total debt of $497.3 million at the end of fiscal 2026, a debt-to-equity ratio of 0.90 and $302.1 million of net debt (4.60 times EBITDA).
Does Semtech buy back its shares?
Yes. Semtech spent $217.8 million on net share repurchases in fiscal 2026 Shares outstanding changed +23.5% over the year, to 88.4M..
What is Semtech's free cash flow yield?
Semtech generated $159.7 million of free cash flow in fiscal 2026, a free cash flow yield of 2.3% on its market value at year-end ($7.0 billion).
What is Semtech's current ratio?
Semtech's current ratio was 2.37 at the end of fiscal 2026: current assets were 2.37 times current liabilities.