Cerebras Systems CBRS
United StatesTechnology · SemiconductorsUSD
291.64 USD (+66.6%)
11 analysts
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Cerebras Systems designs and manufactures high-performance computing systems and large-scale AI accelerators, such as its Wafer-Scale Engine processor, for data centers and artificial intelligence applications.
Key points
from its scores- ✓Strong growth9.5
- ✕Demanding valuation0.1
- ✕Poor share-price trend0.3
- ✕Little or no dividend1.5
AI analysis
bottom line, main risk, context and newsAvoid or only consider a very small, high-risk position given the imbalance between growth and financial and valuation sustainability.
Cerebras shows explosive revenue growth of 74.30%, but its financial health is very weak (Net Debt/EBITDA of 13.27, operating margin of -264.97%) and its valuation is extreme (forward P/E of 137.44, P/S of 61.09), making it a high-risk bet with negative momentum of -31.38%.
The main risk is the combination of extreme leverage (Net Debt/EBITDA of 13.27) with a valuation that discounts perfect and sustained growth, in a cyclical sector subject to regulatory and geopolitical restrictions in the supply chain.
Context and risks
Cerebras operates in semiconductors, a sector under active regulatory review in the US due to export controls on dual-use technology and potential restrictions on selling advanced chips to China, a key market for its AI accelerators. Additionally, its dependence on TSMC for wafer fabrication exposes it to geopolitical tensions in the Taiwan Strait, a supply chain risk not captured by financial metrics.
Is Cerebras Systems stock cheap or expensive?
at the analysis dateOn Price / sales, it trades 1,057% above the Technology median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| Price / book | 4.3 | 6.3 | −31% |
| Price / sales | 61.1 | 5.3 | +1,057% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 0.1 out of 10 (median for Technology: 5.3).
Average analyst target: 291.64 USD, +66.6% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 2.4 (sector 6.4), Growth 9.5 (sector 7.5).
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
- Forward P/E
- 137.4
- EV / EBITDA
- −72.5
- Price / book
- 4.3
- Price / sales
- 61.1
- Market cap
- 41.6B USD
- Enterprise value
- 35.2B USD
Profitability
- ROIC (approx.)
- −16.3%
- Gross margin
- 34.9%
- Operating margin
- −265.0%
- Net margin
- −75.3%
Solvency
- Total debt
- 1.5B USD
- Net debt
- −6.4B USD
- Cash
- 7.9B USD
- EBITDA
- −484.8M USD
- Net debt / EBITDA
- 13.27
- Debt / equity
- 16.24
- Current ratio
- 5.83
- Quick ratio
- 5.17
Growth
- Revenue growth
- +74.3%
- EPS (TTM)
- −5.14 USD
- EPS (forward)
- 1.27 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Analyst consensus
- Strong buy (11)
- Target price
- 291.64 USD
- 52-week range
- 160.81 – 386.34
Recent news
All CBRS news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Cerebras Systems
Is Cerebras Systems stock cheap or expensive?
On Price / sales, it trades 1,057% above the Technology median. Valuation score: 0.1 out of 10 (median for Technology: 5.3). Average analyst target: 291.64 USD, +66.6% versus the price. This is not investment advice.
What score does Cerebras Systems get on MeridIAn Screener?
It scores 3.0 out of 10, rank 2,087 of 2,130 (better than 2% of the companies analysed). Its strongest category is Growth (9.5) and its weakest, Valuation (0.1). Analysis of 08/10/2026.
How much is Cerebras Systems worth on the stock market?
Its market capitalisation is 41.6B USD and its enterprise value, debt included, is 35.2B USD.
How much debt does Cerebras Systems have?
It has more cash than debt: net cash of 6.4B USD.
Does Cerebras Systems pay a dividend?
It pays no dividend, or almost none.
How has Cerebras Systems stock performed over the last year?
It has fallen 37.4% over the last year, excluding dividends. Over the last 52 weeks it has traded between 160.81 and 386.34 USD. Past performance does not guarantee future results.
What do analysts think of Cerebras Systems?
11 analysts cover it; their average recommendation is “Strong buy” and their average target is 291.64 USD (+66.6% versus the price). It is an estimate, not market data.