FormFactor Valuation Multiples

FormFactor Overview

About FormFactor

FormFactor Inc is a provider of electrical and optical test and measurement technologies along the full semiconductor product lifecycle - from characterization, modeling, reliability, and design de-bug, to qualification and production test.. The company operates in two reportable segments namely Probe Cards Segment and the Systems Segment. Sales of probe cards and analytical probes are included in the Probe Cards Segment, while sales of probe stations and thermal sub-systems are included in the Systems Segment. Probe cards generate the maximum revenue from its operations. It offers multiple product lines which include analytical probes, probe stations, thermal sub-systems, and related services.

Founded

1993

HQ

Employees

2.2K

Website

formfactor.com

Sectors

SemiconductorsComputer HardwareDeepTech

Financials (LTM)

Revenue: $810M

EBITDA: $155M

EV

$7B

Valuation Multiples

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FormFactor Financials

FormFactor reported last 12-month revenue of $810M and EBITDA of $155M.

In the same LTM period, FormFactor generated $341M in gross profit, $155M in EBITDA, and $65M in net income.

FormFactor P&L

In the most recent fiscal year, FormFactor reported revenue of $785M and EBITDA of $144M.

FormFactor expects next 12-month revenue of XXX and NTM EBITDA of XXX

FormFactor Stock Performance

FormFactor has current market cap of $7B, and enterprise value of $7B.

FormFactor's stock price is $92.55.

FormFactor Valuation Multiples

FormFactor trades at 8.6x EV/Revenue multiple, and 44.9x EV/EBITDA.

FormFactor Financial Valuation Multiples

As of March 15, 2026, FormFactor has market cap of $7B and EV of $7B.

Equity research analysts estimate FormFactor's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

FormFactor has a P/E ratio of 111.5x.

FormFactor Margins & Growth Rates

FormFactor's revenue in the last 12 month grew by 14%.

FormFactor's revenue per employee in the last FY averaged $0.4M.

FormFactor's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

FormFactor's rule of X is 54% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

FormFactor Public Comps

See public comps and valuation multiples for other Semiconductors and Computer Hardware comps.

FormFactor M&A Activity

FormFactor acquired XXX companies to date.

Last acquisition by FormFactor was on XXXXXXXX, XXXXX. FormFactor acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

FormFactor Investment Activity

FormFactor invested in XXX companies to date.

FormFactor made its latest investment on XXXXXXXX, XXXXX. FormFactor invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).