Is FormFactor (FORM) overvalued or fairly valued?

MarketChacha shows FormFactor's valuation in context — a trailing P/E of about 172.8, a forward P/E of about 40.9, a price-to-book of about 8.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does FormFactor's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.44×) from reported figures — education, not a rating.

What is FormFactor's revenue?

FormFactor reported revenue of $785.0M for FY2025, with net profit of $54.4M, per official filings.

What is the share price of FormFactor (FORM)?

FormFactor last traded at $114.08 (+0.3% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

FormFactor

FORM · NYSE · Technology · United States

$114.08+0.3%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:27 PM

Snapshot

TickerFORM

ExchangeNYSE

SectorTechnology

IndustrySemiconductor Equipment & Materials

CountryUnited States

Employees2,153

HeadquartersLivermore, United States

Market cap$8.9B

P/E (TTM)172.8

P/B8.4

Volume736.95K

Websitewww.formfactor.com

Filings tracked3

About FormFactor

FormFactor, Inc. designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally. The company operates in two segments: Probe Cards and Systems segments. The company provides probe cards to test various semiconductor device types, including systems- on-chip products, such as graphics, central, digital processing units, and other custom application-specific processing units; mobile application processors, microprocessors, and microcontrollers; network devices, which include switches and network processing units; dynamic random-access memory; radio-frequency amplifiers and filters; antenna-in-package devices; analog and mixed-signal integrated circuits; image sensors; co-packaged optical integrated circuits; NAND flash memory; NOR flash memory; and quantum computer processor devices. It also offers analytical probes, which are used for device characterization, electrical simulation model development, failure analysis, and prototype design debugging; probe stations, a critical tool for the development of new generations of semiconductor and electro-optical processes and designs; and thermal subsystems, which include thermal chucks and other test systems used in probe stations and other applications for precise temperature management. In addition, the company provides cryogenic systems, which includes the manufacture of precision cryogenic instruments and semiconductor test and measurement systems; and services and support, including installation services. Further, it offers on-site probe card maintenance and service training, seminars, and telephone support services. It markets and sells its products through direct sales force, manufacturers' representatives, and distributors. The company was incorporated in 1993 and is headquartered in Livermore, California.

Profile as reported by Yahoo Finance.

Who owns it

Insiders0.7%
Institutions98.2%
Public & other1.1%

561 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.15.71%
Vanguard Portfolio Management LLC7.54%
Earnest Partners LLC6.25%
Vanguard Capital Management LLC4.45%
State Street Corporation3.76%
Bank of America Corporation3.18%
Polar Capital Holdings PLC2.94%
Alliancebernstein L.P.2.86%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Margin has compressed by about 5.5 points over the period — profitability is trending down.

Cash conversion1.44×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend12.4% → 6.9%

Margin has compressed by about 5.5 points over the period — profitability is trending down.

Return on equity5.3%

Latest ROE of 5.3% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 9% · PAT -19%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $247.4M · EPS 0.62

Est. earnings growth +89.2%

Next fiscal year

Rev $1.1B · EPS 2.79

Est. earnings growth +14.5%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$26.0852-wk range$160.27

Delayed · as reported by Yahoo Finance

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$8.9B

Day change

+0.3%

P/E (TTM)

172.8

Fwd P/E

40.9

P/B

8.4

Beta

1.22

Revenue (FY2025)

$785.0M

Net margin

6.9%

ROE

5.3%

Revenue CAGR (2y)

+8.8%

Profit CAGR (2y)

-18.8%

EPS (FY2025)

0.69

Net profit (FY2025)

$54.4M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about FORM

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$785.0M	$54.4M	0.69	6.9%	5.3%
FY2024	$763.6M	$69.6M	0.89	9.1%	7.3%
FY2023	$663.1M	$82.4M	1.05	12.4%	9.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$226.1M	$20.4M	0.26	9.0%
2025Q3	$202.7M	$15.7M	0.20	7.7%
2025Q2	$195.8M	$9.1M	0.12	4.6%
2025Q1	$171.4M	$6.4M	0.08	3.7%
2024Q3	$207.9M	$18.7M	0.24	9.0%
2024Q2	$197.5M	$19.4M	0.25	9.8%
2024Q1	$168.7M	$21.8M	0.28	12.9%
2023Q3	$171.6M	$4.4M	0.06	2.5%
2023Q2	$167.4M	$1.3M	0.02	0.8%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change, Bylaw/charter change, Shareholder vote results, Exhibits
SEC5/19/2026material
10-Q filing
SEC5/5/2026
8-K — Results of operations, Exhibits
SEC4/29/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.