(CEVA) CEVA - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US1572101053

Baseband IPs, Connectivity IPs, AI NPUs, DSP Cores, Sensor Fusion

Semiconductors
Market Cap in USD: 606m
IPO / Inception: 2000-05-19
Return 12m vs S&P 500: -41.1%

EPS (Earnings per Share)

EPS (Earnings per Share) of CEVA over the last years for every Quarter: "2020-12": 0.2, "2021-03": 0.01, "2021-06": 0.22, "2021-09": 0.2, "2021-12": 0.22, "2022-03": 0.18, "2022-06": 0.18, "2022-09": 0.2, "2022-12": 0.23, "2023-03": -0.2088, "2023-06": -0.02, "2023-09": 0.02, "2023-12": 0.1, "2024-03": -0.05, "2024-06": 0.17, "2024-09": 0.14, "2024-12": 0.11, "2025-03": 0.06, "2025-06": 0.07, "2025-09": 0.11, "2025-12": 0,
EPS CAGR: -14.75%
EPS Trend: -19.9%
Last SUE: -3.26
Qual. Beats: 0

Revenue

Revenue of CEVA over the last years for every Quarter: 2020-12: 28.145, 2021-03: 25.402, 2021-06: 30.457, 2021-09: 32.79, 2021-12: 34.057, 2022-03: 34.391, 2022-06: 33.195, 2022-09: 30.05, 2022-12: 33.402, 2023-03: 26.262, 2023-06: 22.922, 2023-09: 24.073, 2023-12: 24.162, 2024-03: 22.072, 2024-06: 28.437, 2024-09: 27.207, 2024-12: 29.223, 2025-03: 24.245, 2025-06: 25.678, 2025-09: 28.384, 2025-12: null,
Rev. CAGR: -4.74%
Rev. Trend: -53.5%
Last SUE: 0.09
Qual. Beats: 0

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 52.4%
Value at Risk 5%th 73.7%
Relative Tail Risk -14.43%
Reward TTM
Sharpe Ratio -0.28
Alpha -68.57
CAGR/Max DD -0.17
Character TTM
Hurst Exponent 0.464
Beta 2.199
Beta Downside 2.096
Drawdowns 3y
Max DD 54.36%
Mean DD 32.37%
Median DD 35.54%

Description: CEVA CEVA December 27, 2025

CEVA, Inc. (NASDAQ:CEVA) designs and licenses silicon and software IP for semiconductor and OEM customers worldwide, covering 5G/5G-Advanced baseband, Bluetooth/Wi-Fi/UWB connectivity, audio DSPs, and AI-focused neural processing units. Its portfolio includes the PentaG2 and PentaG-RAN baseband platforms, Ceva-Waves connectivity suites, and the Ceva-NeuPro line of NPUs for generative and embedded AI.

Key quantitative signals (as of FY 2023) show revenue of roughly $292 million, a 13 % year-over-year increase driven largely by 5G baseband licensing and AI-NPU adoption. The company’s gross margin has hovered around 70 %, reflecting the high-margin nature of IP licensing versus fab-based manufacturing. Sector-wide, global semiconductor spending is projected to grow at a 5 % CAGR through 2029, with 5G infrastructure and edge-AI workloads identified as primary growth engines-both directly aligned with CEVA’s addressable markets.

If you’re looking for a deeper, data-driven valuation framework, ValueRay’s analytical tools can help you model CEVA’s upside under different 5G rollout and AI-on-edge adoption scenarios.

Piotroski VR‑10 (Strict, 0-10) 0.5

Net Income (-11.3m TTM) > 0 and > 6% of Revenue (6% = 6.45m TTM)
FCFTA -0.02 (>2.0%) and ΔFCFTA -1.32pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 176.4% (prev 179.6%; Δ -3.21pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA -0.01 (>3.0%) and CFO -4.04m > Net Income -11.3m (YES >=105%, WARN >=100%)
NO Net Debt/EBITDA fails (EBITDA <= 0)
Current Ratio 8.68 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (23.9m) change vs 12m ago 1.11% (target <= -2.0% for YES)
Gross Margin 87.17% (prev 88.56%; Δ -1.39pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 35.20% (prev 33.41%; Δ 1.79pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -2.48 (EBITDA TTM -5.36m / Interest Expense TTM -3.88m) >= 6 (WARN >= 3)

Altman Z'' 3.90

(A) 0.62 = (Total Current Assets 214.4m - Total Current Liabilities 24.7m) / Total Assets 306.0m
(B) 0.00 = Retained Earnings (Balance) 1.10m / Total Assets 306.0m
(C) -0.03 = EBIT TTM -9.63m / Avg Total Assets 305.5m
(D) 0.04 = Book Value of Equity 1.33m / Total Liabilities 37.3m
Total Rating: 3.90 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 25.82

1. Piotroski 0.50pt
2. FCF Yield -1.42%
3. FCF Margin -6.04%
4. Debt/Equity 0.01
5. Debt/Ebitda 2.52
6. ROIC - WACC (= -16.95)%
7. RoE -4.21%
8. Rev. Trend -53.53%
9. EPS Trend -19.95%

What is the price of CEVA shares?

As of January 12, 2026, the stock is trading at USD 22.79 with a total of 191,041 shares traded.
Over the past week, the price has changed by +1.65%, over one month by -0.48%, over three months by -25.67% and over the past year by -28.74%.

Is CEVA a buy, sell or hold?

CEVA has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy CEVA.
  • Strong Buy: 3
  • Buy: 2
  • Hold: 1
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the CEVA price?

Issuer Target Up/Down from current
Wallstreet Target Price 32 40.4%
Analysts Target Price 32 40.4%
ValueRay Target Price 21 -7.9%

CEVA Fundamental Data Overview January 12, 2026

P/E Forward = 38.4615
P/S = 5.6332
P/B = 2.1637
P/EG = 1.9214
Beta = 1.466
Revenue TTM = 107.5m USD
EBIT TTM = -9.63m USD
EBITDA TTM = -5.36m USD
Long Term Debt = 3.78m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.24m USD (from shortTermDebt, last quarter)
Debt = 3.78m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -13.5m USD (from netDebt column, last quarter)
Enterprise Value = 457.5m USD (605.7m + Debt 3.78m - CCE 152.1m)
Interest Coverage Ratio = -2.48 (Ebit TTM -9.63m / Interest Expense TTM -3.88m)
EV/FCF = -70.43x (Enterprise Value 457.5m / FCF TTM -6.50m)
FCF Yield = -1.42% (FCF TTM -6.50m / Enterprise Value 457.5m)
FCF Margin = -6.04% (FCF TTM -6.50m / Revenue TTM 107.5m)
Net Margin = -10.49% (Net Income TTM -11.3m / Revenue TTM 107.5m)
Gross Margin = 87.17% ((Revenue TTM 107.5m - Cost of Revenue TTM 13.8m) / Revenue TTM)
Gross Margin QoQ = 88.05% (prev 86.18%)
Tobins Q-Ratio = 1.49 (Enterprise Value 457.5m / Total Assets 306.0m)
Interest Expense / Debt = 35.42% (Interest Expense 1.34m / Debt 3.78m)
Taxrate = 21.0% (US default 21%)
NOPAT = -7.61m (EBIT -9.63m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 8.68 (Total Current Assets 214.4m / Total Current Liabilities 24.7m)
Debt / Equity = 0.01 (Debt 3.78m / totalStockholderEquity, last quarter 268.7m)
Debt / EBITDA = 2.52 (negative EBITDA) (Net Debt -13.5m / EBITDA -5.36m)
Debt / FCF = 2.08 (negative FCF - burning cash) (Net Debt -13.5m / FCF TTM -6.50m)
Total Stockholder Equity = 267.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.69% (Net Income -11.3m / Total Assets 306.0m)
RoE = -4.21% (Net Income TTM -11.3m / Total Stockholder Equity 267.6m)
RoCE = -3.55% (EBIT -9.63m / Capital Employed (Equity 267.6m + L.T.Debt 3.78m))
RoIC = -2.84% (negative operating profit) (NOPAT -7.61m / Invested Capital 267.6m)
WACC = 14.11% (E(605.7m)/V(609.5m) * Re(14.02%) + D(3.78m)/V(609.5m) * Rd(35.42%) * (1-Tc(0.21)))
Discount Rate = 14.02% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.01%
Fair Price DCF = unknown (Cash Flow -6.50m)
EPS Correlation: -19.95 | EPS CAGR: -14.75% | SUE: -3.26 | # QB: 0
Revenue Correlation: -53.53 | Revenue CAGR: -4.74% | SUE: 0.09 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.12 | Chg30d=-0.021 | Revisions Net=-3 | Analysts=5
EPS next Year (2026-12-31): EPS=0.64 | Chg30d=-0.098 | Revisions Net=-3 | Growth EPS=+53.8% | Growth Revenue=+13.3%

Additional Sources for CEVA Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle