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Tower Semiconductor Ltd. (TSEM)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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Tower Semiconductor Ltd. Financial Ratios 2025-2008 | TSEM
Brief overview of Tower Semiconductor Ltd.'s valuation multiples
The comparison uses the five latest available annual observations between 2021 and 2025.
Market valuation is represented by P/E 20.45x (median 15.86x), EV/EBITDA 9.43x (median 7.57x), P/S 2.88x (median 2.56x). On average, this basket is 24.6% above its own five-year medians. The market is pricing in elevated future expectations.
At the current P/E, inverse earnings yield is 4.9%, a useful bridge between price and business earnings.
End-period return metrics are ROE 7.6%, ROA 6.6%, ROCE 6.7%. Low capital returns limit the ability to compound value internally.
Current PEG of 1.6x points to a premium over forecast earnings momentum.
The time from paying for inputs to receiving cash rose from 59.5 days to 91.7 days. Cash turnover slowed.
Valuation takeaway
Tower Semiconductor Ltd.'s profile looks stretched: price anticipates improvement that current quality ratios do not yet confirm.
Annual Financial Ratios Tower Semiconductor Ltd.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20.5 | 15.9 | 7.0 | 12.6 | 28.6 | 33.6 | 28.4 | 10.9 | 11.1 | 10.6 | -31.5 | 223.0 | -2.3 | -2.6 | -11.4 | -7.3 | -6.2 | - | |
P/S |
2.9 | 2.3 | 2.6 | 2.0 | 2.8 | 2.2 | 2.1 | 1.1 | 2.4 | 1.7 | 1.0 | 1.2 | 0.5 | 0.3 | 0.3 | 0.6 | - | - |
EPS |
2.0 | 1.9 | 4.7 | 2.4 | 1.4 | 0.8 | 0.8 | 1.4 | 3.1 | 2.3 | -0.4 | 0.1 | -2.7 | -3.2 | -0.9 | -2.7 | -0.7 | - |
EV (Enterprise Value) |
4.69 B | 3.46 B | 3.87 B | 3.66 B | 4.7 B | 3.2 B | 2.79 B | 1.65 B | 3.49 B | 2.5 B | 1.33 B | 1.45 B | 700 M | 650 M | 792 M | 892 M | 660 M | -34.9 M |
EBITDA per Share |
4.44 | 4.12 | 7.3 | 5.53 | 4.04 | 3.09 | 2.83 | 3.68 | 4.43 | 4.18 | 3.36 | 4.84 | 2.77 | 7.92 | 8.6 | 11.9 | 0.36 | - |
EV/EBITDA |
9.4 | 7.6 | 4.8 | 6.1 | 10.8 | 9.6 | 8.1 | 3.8 | 8.4 | 5.1 | 4.2 | 3.8 | 4.5 | 2.3 | 2.7 | 4.8 | 10.7 | - |
PEG |
1.6 | 1.21 | 0.41 | 1.72 | 24.11 | -341.76 | -3.52 | 0.94 | 5.62 | 0.02 | 0.05 | 2.18 | -0.14 | 0.01 | -0.17 | - | - | - |
P/B |
1.6 | 1.2 | 1.5 | 1.8 | 2.7 | 1.9 | 1.9 | 1.2 | 3.2 | 3.1 | 2.4 | 4.7 | 1.8 | 0.8 | 1.2 | 2.6 | - | - |
P/CF |
11.4 | 7.3 | 5.4 | 6.3 | 10.2 | 10.0 | 8.8 | 4.7 | 9.3 | 19.7 | -527.5 | 20.2 | -6.3 | -6.3 | -22.9 | 2.5 | 19.9 | - |
ROE % |
7.55 | 7.83 | 21.32 | 13.99 | 9.25 | 5.65 | 6.69 | 10.97 | 28.94 | 29.55 | -7.46 | 2.10 | -76.27 | -31.95 | -10.59 | -35.97 | -215.05 | - |
ROA % |
6.64 | 6.75 | 17.77 | 10.38 | 6.72 | 3.93 | 4.66 | 7.57 | 17.81 | 14.78 | -3.07 | 0.49 | -15.26 | -8.63 | -2.16 | -5.28 | - | - |
ROCE % |
6.32 | 6.81 | 20.67 | 14.41 | 8.49 | 4.99 | 5.19 | 9.81 | 16.11 | 19.92 | 10.86 | 10.76 | -9.77 | -0.39 | 1.63 | 7.85 | -146.06 | - |
Current Ratio |
8.0 | 7.0 | 5.9 | 3.9 | 3.6 | 3.3 | 3.3 | 3.2 | 2.6 | 2.8 | 2.1 | 1.3 | 2.1 | 1.8 | 1.2 | 1.2 | - | - |
DSO |
50.7 | 46.5 | 39.4 | 32.1 | 36.8 | 41.7 | 41.5 | 42.4 | 38.2 | 45.5 | 44.5 | 46.2 | 66.0 | 48.4 | 48.0 | 24.2 | - | - |
DIO |
79.7 | 91.7 | 99.8 | 80.8 | 67.1 | 69.2 | 66.0 | 56.7 | 49.6 | 53.0 | 51.1 | 42.0 | 49.6 | 42.8 | 47.9 | - | - | - |
DPO |
38.6 | 44.9 | 49.5 | 34.6 | 27.2 | 38.2 | 40.6 | 39.7 | 37.9 | 38.3 | 44.4 | 47.1 | 50.8 | 2.7 | 9.4 | 22.1 | - | - |
Operating Cycle |
130.4 | 138.2 | 139.2 | 113.0 | 104.0 | 110.9 | 107.4 | 99.1 | 87.9 | 98.5 | 95.5 | 88.2 | 115.6 | 91.2 | 95.9 | - | - | - |
Cash Conversion Cycle |
91.7 | 93.3 | 89.7 | 78.4 | 76.8 | 72.7 | 66.8 | 59.5 | 50.0 | 60.2 | 51.2 | 41.1 | 64.8 | 88.4 | 86.5 | - | - | - |
Annual performance
Select metrics to display
All numbers in USD currency
Quarterly Financial Ratios Tower Semiconductor Ltd.
| 2025-Q4 | 2024-Q4 | 2024-Q2 | 2023-Q4 | 2023-Q2 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2009-Q4 | 2008-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
1.97 | 1.87 | 0.48 | 4.7 | 0.46 | - | - | 0.53 | - | - | - | 0.29 | - | - | - | 0.18 | - | - | - | 0.2 | - | - | - | 0.38 | - | - | - | 0.52 | - | - | - | 0.45 | - | - | - | 0.1 | - | - | - | -0.31 | - | - | - | -0.59 | - | - | - | -0.43 | - | - | - | 0.09 | - | -2.7 | -0.71 | - |
EBITDA per Share |
4.44 | 4.12 | 1.62 | 7.3 | 1.6 | - | - | 0.65 | - | - | - | 0.31 | - | - | - | 0.21 | - | - | - | 0.17 | - | - | - | 0.45 | - | - | - | 0.6 | - | - | - | 0.47 | - | - | - | 0.28 | - | - | - | -0.56 | - | - | - | -0.2 | - | - | - | 0.24 | - | - | - | 0.13 | - | 11.9 | 0.36 | - |
ROE % |
39.09 | 33.92 | 29.49 | 29.29 | 9.47 | 7.05 | 7.05 | 8.57 | 5.12 | 5.12 | 5.12 | 8.55 | 6.49 | 6.49 | 6.49 | 11.34 | 9.80 | 9.80 | 9.80 | 16.69 | 15.17 | 15.17 | 15.17 | 17.77 | 14.34 | 14.34 | 14.34 | 2.61 | -2.24 | -2.24 | -2.24 | -14.67 | -21.56 | -21.56 | -21.56 | -27.75 | -30.35 | -30.35 | -30.35 | -66.32 | -54.59 | -54.59 | -54.59 | -269.65 | -257.22 | -257.22 | -257.22 | -6.20 | - | - | - | - | - | -35.97 | -215.05 | - |
ROA % |
33.07 | 28.35 | 24.11 | 23.66 | 6.96 | 5.04 | 5.04 | 6.10 | 3.59 | 3.59 | 3.59 | 5.73 | 4.27 | 4.27 | 4.27 | 7.60 | 6.53 | 6.53 | 6.53 | 9.51 | 8.46 | 8.46 | 8.46 | 9.37 | 7.23 | 7.23 | 7.23 | 4.97 | 1.64 | 1.64 | 1.64 | -1.37 | -4.34 | -4.34 | -4.34 | -5.38 | -6.29 | -6.29 | -6.29 | -11.58 | -9.32 | -9.32 | -9.32 | -3.00 | - | - | - | -1.04 | - | - | - | - | - | -5.28 | - | - |
ROCE % |
35.97 | 31.89 | 28.62 | 28.41 | 9.00 | 6.74 | 6.74 | 7.80 | 4.23 | 4.23 | 4.23 | 7.28 | 5.42 | 5.42 | 5.42 | 9.35 | 8.05 | 8.05 | 8.05 | 11.88 | 10.81 | 10.81 | 10.81 | 14.27 | 11.22 | 11.22 | 11.22 | 7.11 | 3.18 | 3.18 | 3.18 | 1.89 | -1.94 | -1.94 | -1.94 | -1.18 | -4.64 | -4.64 | -4.64 | 32.14 | 36.24 | 36.24 | 36.24 | -109.82 | -108.53 | -108.53 | -108.53 | 0.76 | - | - | - | - | - | 36.78 | -146.06 | - |
Current Ratio |
8.0 | 7.0 | 6.6 | 5.9 | 4.8 | 3.9 | - | 3.7 | - | 3.6 | - | 3.5 | - | 3.3 | - | 3.3 | - | 3.3 | - | 3.2 | - | 3.2 | - | 2.7 | - | 2.6 | - | 2.2 | - | 2.0 | - | 1.8 | - | 1.7 | - | 1.5 | - | 1.3 | - | 1.2 | - | 1.2 | - | 1.3 | - | 1.4 | - | 1.2 | - | 1.3 | - | - | - | 1.2 | - | - |
DSO |
12.7 | 12.0 | 41.5 | 10.2 | 40.4 | - | - | 18.3 | - | - | - | 18.2 | - | - | - | 18.9 | - | - | - | 18.4 | - | - | - | 21.9 | - | - | - | 19.9 | - | - | - | 19.0 | - | - | - | 21.8 | - | - | - | 20.8 | - | - | - | 31.7 | - | - | - | 24.9 | - | - | - | - | - | 6.0 | - | - |
DIO |
19.9 | 22.6 | 96.5 | 26.2 | 106.7 | - | - | 36.2 | - | - | - | 33.1 | - | - | - | 38.0 | - | - | - | 31.6 | - | - | - | 27.3 | - | - | - | 25.0 | - | - | - | 26.7 | - | - | - | 22.9 | - | - | - | 16.8 | - | - | - | 28.7 | - | - | - | 20.9 | - | - | - | - | - | 4.8 | - | - |
DPO |
9.7 | 10.6 | 45.4 | 12.5 | 51.5 | - | - | 18.6 | - | - | - | 15.9 | - | - | - | 27.9 | - | - | - | 16.8 | - | - | - | 22.4 | - | - | - | 17.1 | - | - | - | 19.4 | - | - | - | 26.6 | - | - | - | 20.2 | - | - | - | 30.1 | - | - | - | 31.5 | - | - | - | - | - | 5.5 | - | - |
Operating Cycle |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 49.2 | - | - | - | 44.9 | - | - | - | 45.7 | - | - | - | 44.7 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash Conversion Cycle |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 26.8 | - | - | - | 27.8 | - | - | - | 26.3 | - | - | - | 18.1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in USD currency
Multiples are an important financial analysis tool for the company Tower Semiconductor Ltd., allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.
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