FORM
BEARISH
$121.07
Live
FormFactor, Inc. · NASDAQ
Target $86.89
(-28.2%)
$23.79
52W Range
$122.42
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Apr 10, 2026
Market cap
$9.44B
P/E
178.04
ROE
5.5%
Profit margin
6.9%
Debt/Equity
0.03
Dividend yield
N/A
AI Analysis
AI-powered fundamental assessment
Confidence
85%
FormFactor exhibits exceptional operational health with a Piotroski F-Score of 8/9 and a negligible debt-to-equity ratio of 0.03. However, the stock is currently experiencing a severe valuation disconnect, trading at $121.07—nearly 6x its growth-based intrinsic value ($20.06) and significantly above the analyst target price of $86.89. While earnings growth is explosive (131.8% YoY), the P/E ratio of 178.04 is unsustainable. The combination of aggressive insider selling and a bearish technical trend suggests the current price is driven by momentum rather than fundamental value.
Key Strengths
Strong operational health (Piotroski F-Score 8/9)
Exceptional liquidity with a Current Ratio of 4.50
Minimal leverage (Debt/Equity 0.03)
Explosive YoY earnings growth of 131.80%
Consistent history of earnings beats over the last 25 quarters
Key Risks
Extreme overvaluation (P/E 178.04, P/S 12.02)
Significant gap between current price ($121.07) and Intrinsic Value ($20.06)
Bearish insider sentiment with 15 sell transactions and 0 buys
Current price is ~39% above the average analyst target price ($86.89)
Low Return on Equity (ROE) of 5.48% relative to the valuation premium
AI Fair Value Estimate
Based on comprehensive analysis
$72.5
-40.1% below current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
56
Moderate
15
80
90
95
0
AI Verdict
Overvalued Growth
Key drivers: Fundamental health is excellent, Valuation is decoupled from reality, Insider activity is strongly bearish
Confidence
90%
Value
15/100
Ref P/E, PEG, Graham Number
Positives
- Forward P/E (54.26) is lower than trailing P/E
Watchpoints
- P/E of 178.04 is extreme
- Price/Book of 9.08 is very high
- Current price far exceeds Graham Number ($14.28)
Future
80/100
Ref Growth rates
Positives
- Triple-digit earnings growth
- Positive revenue growth trend
Watchpoints
- High expectations already priced in
Past
90/100
Ref Historical trends
Positives
- Massive 1Y return (+306.8%)
- Strong earnings surprise track record
Watchpoints
No urgent risks highlighted.
Health
95/100
Ref Altman Z-Score, Piotroski F-Score
Positives
- Piotroski F-Score 8/9
- Very low Debt/Equity
- High Quick Ratio (3.25)
Watchpoints
No urgent risks highlighted.
Dividend
0/100
Ref Yield, Payout
Positives
No standout positives identified.
Watchpoints
- No dividend payments
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$121.07
Analyst Target
$86.89
Upside/Downside
-28.2%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for FORM and closest competitors.
Updated 2026-04-09
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
FORM
FormFactor, Inc.
Primary
|
+141.9% | +296.2% | +306.8% | +215.6% | +33.0% | +17.4% |
|
DOCU
DocuSign, Inc.
Peer
|
-77.0% | -18.7% | -41.8% | -34.2% | +2.7% | +2.7% |
|
AMKR
Amkor Technology, Inc.
Peer
|
+115.2% | +66.3% | +111.5% | +69.2% | -5.2% | -13.0% |
|
BSY
Bentley Systems, Incorporated
Peer
|
-28.3% | -16.9% | -11.7% | -34.4% | -14.4% | -2.2% |
|
GDS
GDS Holdings Limited
Peer
|
-46.1% | +138.5% | +112.0% | +7.2% | -6.2% | +3.2% |
FOR
FormFactor, Inc.
Primary
5Y
+141.9%
3Y
+296.2%
1Y
+306.8%
6M
+215.6%
1M
+33.0%
1W
+17.4%
DOC
DocuSign, Inc.
Peer
5Y
-77.0%
3Y
-18.7%
1Y
-41.8%
6M
-34.2%
1M
+2.7%
1W
+2.7%
AMK
Amkor Technology, Inc.
Peer
5Y
+115.2%
3Y
+66.3%
1Y
+111.5%
6M
+69.2%
1M
-5.2%
1W
-13.0%
BSY
Bentley Systems, Incorporated
Peer
5Y
-28.3%
3Y
-16.9%
1Y
-11.7%
6M
-34.4%
1M
-14.4%
1W
-2.2%
GDS
GDS Holdings Limited
Peer
5Y
-46.1%
3Y
+138.5%
1Y
+112.0%
6M
+7.2%
1M
-6.2%
1W
+3.2%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
178.04
Forward P/E
54.26
PEG Ratio
N/A
P/B Ratio
9.08
P/S Ratio
12.02
EV/Revenue
11.71
EV/EBITDA
91.61
Market Cap
$9.44B
Profitability
Profit margins and return metrics
Profit Margin
6.93%
Operating Margin
13.55%
Gross Margin
39.18%
ROE
5.48%
ROA
3.31%
Growth
Revenue and earnings growth rates
Revenue Growth
+13.6%
Earnings Growth
+131.8%
Q/Q Revenue Growth
+13.55%
Q/Q Earnings Growth
+139.2%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
0.03
Low debt
Current Ratio
4.5
Strong
Quick Ratio
3.25
Excellent
Cash/Share
$3.53
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q4 2025
Revenue
$0.2B
Gross Margin
42.2%
Op. Margin
11.7%
Net Margin
10.8%
Total Assets
$1.2B
Liabilities
$0.2B
Equity
$1.0B
Debt/Equity
0.18x
Operating CF
$0.0B
CapEx
$-0.0B
Free Cash Flow
$0.0B
FCF Yield
75%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-04-29
$N/A
2026-02-04
$0.46
+30.6% surprise
2025-10-29
$0.2
+75.0% surprise
2025-07-30
$0.27
-10.0% surprise
Technology Sector Comparison
Comparing FORM against 220 companies in the Technology sector
(20 bullish, 85 neutral, 115 bearish)
P/E Ratio
178.04
This Stock
vs
57.92
Sector Avg
+207.4%
(Expensive)
Return on Equity (ROE)
5.48%
This Stock
vs
-28.84%
Sector Avg
-119.0%
(Below Avg)
Profit Margin
6.93%
This Stock
vs
-10.0%
Sector Avg
-169.3%
(Weaker)
Debt to Equity
0.03
This Stock
vs
0.8
Sector Avg
-96.1%
(Less Debt)
Revenue Growth
13.6%
This Stock
vs
11159.19%
Sector Avg
-99.9%
(Slower)
Current Ratio
4.5
This Stock
vs
3.76
Sector Avg
+19.5%
(Stronger)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
FORM
FormFactor, Inc.
|
BEARISH | $9.44B | 178.04 | 5.5% | 6.9% | $121.07 | |
|
DOCU
DocuSign, Inc.
|
NEUTRAL | $9.22B | 32.03 | 15.8% | 9.6% | $47.41 | Compare |
|
AMKR
Amkor Technology, Inc.
|
BULLISH | $10.29B | 27.74 | 8.7% | 5.6% | $41.61 | Compare |
|
BSY
Bentley Systems, Incorporated
|
NEUTRAL | $10.43B | 40.41 | 24.9% | 18.5% | $34.35 | Compare |
|
GDS
GDS Holdings Limited
|
BEARISH | $8.25B | 64.36 | 3.7% | 8.3% | $41.19 | Compare |
FORM
FormFactor, Inc.
BEARISH
Mkt Cap
$9.4B
P/E
178.0
ROE
5.5%
Price
$121.07
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-03-18 | SLESSOR MICHAEL D | Chief Executive Officer | Sale | 10,227 | $973,076 |
| 2026-03-05 | MCKINNIS ARIC BRENDAN | Chief Financial Officer | Sale | 3,462 | $313,034 |
| 2026-03-02 | MCKINNIS ARIC BRENDAN | Chief Financial Officer | Stock Award | 773 | - |
| 2026-02-24 | WHITE BRIAN C | Director | Sale | 2,300 | $230,023 |
| 2026-02-18 | SLESSOR MICHAEL D | Chief Executive Officer | Sale | 8,664 | $815,597 |
| 2026-02-11 | BREWER KEVIN JOHN | Director | Sale | 3,000 | $288,600 |
| 2026-02-10 | RHODES SHERI | Director | Sale | 7,634 | $706,973 |
| 2026-02-10 | ST DENNIS THOMAS | Director | Sale | 7,431 | $697,355 |
| 2026-02-10 | STEVEN-WAISS KELLEY | Director | Sale | 2,200 | $206,139 |
| 2026-02-09 | SLESSOR MICHAEL D | Chief Executive Officer | Stock Award | 5,908 | - |
| 2026-02-09 | TITINGER JORGE LUIS | Director | Sale | 2,000 | $177,680 |
| 2026-02-09 | WHITE BRIAN C | Director | Sale | 5,500 | $500,225 |
| 2026-02-06 | SLESSOR MICHAEL D | Chief Executive Officer | Stock Award | 9,675 | - |
| 2026-02-06 | MCKINNIS ARIC BRENDAN | Chief Financial Officer | Stock Award | 1,620 | - |
| 2026-01-15 | SLESSOR MICHAEL D | Chief Executive Officer | Sale | 13,088 | $1,005,267 |
SLESSOR MICHAEL D
Chief Executive Officer
2026-03-18
10,227 shares
·
$973,076
MCKINNIS ARIC BRENDAN
Chief Financial Officer
2026-03-05
3,462 shares
·
$313,034
MCKINNIS ARIC BRENDAN
Chief Financial Officer
2026-03-02
773 shares
WHITE BRIAN C
Director
2026-02-24
2,300 shares
·
$230,023
SLESSOR MICHAEL D
Chief Executive Officer
2026-02-18
8,664 shares
·
$815,597
BREWER KEVIN JOHN
Director
2026-02-11
3,000 shares
·
$288,600
RHODES SHERI
Director
2026-02-10
7,634 shares
·
$706,973
ST DENNIS THOMAS
Director
2026-02-10
7,431 shares
·
$697,355
STEVEN-WAISS KELLEY
Director
2026-02-10
2,200 shares
·
$206,139
SLESSOR MICHAEL D
Chief Executive Officer
2026-02-09
5,908 shares
TITINGER JORGE LUIS
Director
2026-02-09
2,000 shares
·
$177,680
WHITE BRIAN C
Director
2026-02-09
5,500 shares
·
$500,225
SLESSOR MICHAEL D
Chief Executive Officer
2026-02-06
9,675 shares
MCKINNIS ARIC BRENDAN
Chief Financial Officer
2026-02-06
1,620 shares
SLESSOR MICHAEL D
Chief Executive Officer
2026-01-15
13,088 shares
·
$1,005,267
Insider transactions can signal confidence or concerns about company prospects
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
9 analysts
Cantor Fitzgerald
2026-04-06
Overweight
Overweight
Citigroup
2026-02-05
Buy
Buy
Stifel
2026-02-05
Hold
Hold
TD Cowen
2026-02-05
Hold
Hold
Evercore ISI Group
2026-02-05
In-Line
In-Line
Cantor Fitzgerald
2026-02-05
Overweight
Overweight
Cantor Fitzgerald
2026-02-02
Overweight
Overweight
Citigroup
2026-01-22
Buy
Buy
Stifel
2026-01-14
Hold
Hold
B. Riley Securities
2025-12-12
Buy
Buy
Past News Coverage
Recent headlines mentioning FORM from our newsroom.
Newest → oldest
No matching news yet.