SMTCSemtech Corporation
Is the price fair?
A demanding price: priced for +25% a year vs +11% a year delivered, at the top of its own P/E range, and rich vs its sector.
Priced for ~25% a year FCF growth. The price demands more than its three-year revenue growth of 11% a year, priced for acceleration.
Expensive vs its own history: P/E 121.1 vs a 58.5 median over 29 quarters (+107% vs median).
Sector median 30.5× across 203 covered peers. EV/EBIT counts debt as part of the price, so a cash-rich and a borrowed company can be compared on the same footing.
Unless marked, from derived, as of Apr 26, 2026.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What SMTC's price assumes
Semtech Corporation did not earn a profit over the last twelve months, so it has no trailing P/E and the price is measured against sales instead: 13.9× revenue.
Price / sales · no P/E: the last twelve months did not end in a profit
- Free cash flow yield
- 1.1%
Free cash flow yield · Semiconductors median 1.8%
- Growth the price implies
- +25%
Growth the price implies · The price pays for +25% free cash flow growth a year for a decade; revenue has grown +11% a year over the last three.
- Price / book
- 26.4
Price / book · today's price, trailing year to Apr 26, 2026
Details›
- Price / booktoday's price, trailing year to Apr 26, 2026
- 26.4
- EV / EBIToperating margin 2.1%: the multiple describes the denominator
- not meaningful
- EV / salestoday's price, trailing year to Apr 26, 2026
- 14.2
- Free cash flow, trailing twelve months
- $173M
- Market capitalisation
- $15.1B
- 3-year revenue growth
- +11%
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.