Camtek CAMT
IsraelTechnology · Semiconductor Equipment & MaterialsUSD
182.70 USD (+20.0%)
10 analysts
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Camtek Ltd. is an Israeli company that designs, develops, and sells inspection and metrology systems for the semiconductor industry, for both wafers and advanced packaging.
Key points
from its scores- ✓Very solid balance sheet8.1
- ✕Little or no dividend1.5
- ✕Demanding valuation2.1
- ✕Unfavourable risk and backdrop2.2
AI analysis
bottom line, main risk, context and newsThe current valuation discounts growth that recent results do not confirm.
Camtek has solid financial health with net cash (ND/EBITDA of -1.32) and an operating margin of 22.41%, but its valuation is extremely demanding (P/E of 234.15) and earnings growth is negative (-10%), which does not justify the current multiple.
The main risk is the extreme valuation (P/E of 234.15) which, combined with negative earnings growth (-10%), leaves very little room for error in case of any disappointment in execution or the semiconductor cycle.
Context and risks
Camtek is domiciled in Israel, a country with moderate governance and regulatory risk. Although the company is not state-owned, exposure to the Israeli jurisdiction introduces geopolitical and security risks not captured by financial metrics.
Is Camtek stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 397% above the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 234.2 | 31.3 | +648% |
| EV / EBITDA | 50.3 | 20.4 | +147% |
| Price / book | 11.3 | 6.3 | +79% |
| Price / sales | 14.2 | 5.3 | +170% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 2.1 out of 10 (median for Technology: 5.3).
Average analyst target: 182.70 USD, +20.0% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 5.2 (sector 6.4), Growth 3.3 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 234.2
- Forward P/E
- 31.8
- EV / EBITDA
- 50.3
- Price / book
- 11.3
- Price / sales
- 14.2
- PEG
- 2.25
- Market cap
- 7.1B USD
- Enterprise value
- 7.0B USD
Profitability
- ROE
- 7.6%
- ROA
- 7.1%
- ROIC (approx.)
- 10.0%
- Gross margin
- 51.0%
- Operating margin
- 22.4%
- Net margin
- 9.6%
Solvency
- Total debt
- 487.8M USD
- Net debt
- −182.4M USD
- Cash
- 670.3M USD
- EBITDA
- 138.5M USD
- Net debt / EBITDA
- −1.32
- Debt / equity
- 71.47
- Current ratio
- 8.35
- Quick ratio
- 7.14
Growth
- Revenue growth
- +2.5%
- Earnings growth
- −10.0%
- EPS (TTM)
- 0.65 USD
- EPS (forward)
- 4.79 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.59
- Analyst consensus
- Buy (10)
- Target price
- 182.70 USD
- 52-week range
- 91.91 – 215.99
Recent news
All CAMT news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Camtek
Is Camtek stock cheap or expensive?
On P/E and EV / EBITDA, it trades 397% above the Technology median on average. Valuation score: 2.1 out of 10 (median for Technology: 5.3). Average analyst target: 182.70 USD, +20.0% versus the price. This is not investment advice.
What score does Camtek get on MeridIAn Screener?
It scores 3.9 out of 10, rank 1,980 of 2,130 (better than 7% of the companies analysed). Its strongest category is Financial health (8.1) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
What is Camtek's P/E ratio?
Its P/E is 234.2: the share price equals 234.2 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 31.8.
How much is Camtek worth on the stock market?
Its market capitalisation is 7.1B USD and its enterprise value, debt included, is 7.0B USD.
How much debt does Camtek have?
It has more cash than debt: net cash of 182.4M USD.
Does Camtek pay a dividend?
It pays no dividend, or almost none.
How has Camtek stock performed over the last year?
It has risen 38.3% over the last year, excluding dividends. Over the last 52 weeks it has traded between 91.91 and 215.99 USD. Past performance does not guarantee future results.
What do analysts think of Camtek?
10 analysts cover it; their average recommendation is “Buy” and their average target is 182.70 USD (+20.0% versus the price). It is an estimate, not market data.