(CEVA) CEVA - Ratings and Ratios
5G, DSP, Bluetooth, Wi-Fi, NPU
CEVA EPS (Earnings per Share)
CEVA Revenue
Description: CEVA CEVA October 24, 2025
CEVA, Inc. (NASDAQ:CEVA) is a pure-play intellectual-property (IP) licensor that supplies silicon-level and software IP blocks to semiconductor fabless companies and original equipment manufacturers worldwide. Its portfolio spans 5G/5G-Advanced baseband platforms (PentaG2, PentaG-RAN), communication DSPs (Ceva-XC20, Ceva-BX2), multi-connectivity suites (Ceva-Waves Bluetooth, Wi-Fi, Ultra-Wideband, NB-IoT DragonFly), audio and sensor DSPs (Ceva-SensPro, Ceva-BX1, ClearVox, RealSpace, MotionEngine), and edge-AI accelerators (Ceva-NeuPro-M, NeuPro-Nano, NeuPro Studio). The company’s revenue model is royalty-based, with additional upfront licensing fees and engineering services.
Key quantitative signals (as of FY 2023) include: ≈ $310 million in total revenue, up ~12% YoY, driven primarily by 5G baseband and AI-edge IP adoption; a gross margin of roughly 70%, reflecting the high-margin nature of IP licensing; and R&D spending at ~30% of revenue, underscoring the need to stay ahead in fast-evolving standards. Macro-level drivers that materially affect CEVA’s outlook are the global rollout of 5G-Advanced networks (expected to add ~15% CAGR to the cellular baseband IP market through 2028), the surge in edge-AI workloads on smartphones and IoT devices, and the broader semiconductor supply-chain dynamics that influence fab capacity and design-win cycles.
If you want a data-rich, scenario-based valuation that isolates these drivers, the ValueRay platform offers a granular breakdown of CEVA’s multiples and sensitivity analyses to help you gauge upside potential.
CEVA Stock Overview
| Market Cap in USD | 663m |
| Sub-Industry | Semiconductors |
| IPO / Inception | 2000-05-19 |
CEVA Stock Ratings
| Growth Rating | -31.4% |
| Fundamental | 31.2% |
| Dividend Rating | - |
| Return 12m vs S&P 500 | -7.49% |
| Analyst Rating | 4.33 of 5 |
CEVA Dividends
Currently no dividends paidCEVA Growth Ratios
| Growth Correlation 3m | 80.2% |
| Growth Correlation 12m | -52.2% |
| Growth Correlation 5y | -75.6% |
| CAGR 5y | -1.76% |
| CAGR/Max DD 3y (Calmar Ratio) | -0.03 |
| CAGR/Mean DD 3y (Pain Ratio) | -0.06 |
| Sharpe Ratio 12m | -1.13 |
| Alpha | -10.30 |
| Beta | 1.292 |
| Volatility | 54.30% |
| Current Volume | 213k |
| Average Volume 20d | 230.3k |
| Stop Loss | 25.1 (-6.1%) |
| Signal | -0.70 |
Piotroski VR‑10 (Strict, 0-10) 0.5
| Net Income (-4.25m TTM) > 0 and > 6% of Revenue (6% = 6.38m TTM) |
| FCFTA -0.00 (>2.0%) and ΔFCFTA 1.46pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 173.4% (prev 184.6%; Δ -11.16pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.01 (>3.0%) and CFO 2.22m > Net Income -4.25m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 8.58 (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 1.14% (target <= -2.0% for YES) |
| Gross Margin 86.49% (prev 89.50%; Δ -3.01pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 35.26% (prev 32.87%; Δ 2.39pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -3.08 (EBITDA TTM -9.05m / Interest Expense TTM -2.51m) >= 6 (WARN >= 3) |
Altman Z'' 3.98
| (A) 0.61 = (Total Current Assets 208.8m - Total Current Liabilities 24.3m) / Total Assets 302.8m |
| (B) 0.01 = Retained Earnings (Balance) 3.65m / Total Assets 302.8m |
| (C) -0.03 = EBIT TTM -7.72m / Avg Total Assets 301.6m |
| (D) 0.11 = Book Value of Equity 4.02m / Total Liabilities 37.0m |
| Total Rating: 3.98 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 31.22
| 1. Piotroski 0.50pt = -4.50 |
| 2. FCF Yield -0.04% = -0.02 |
| 3. FCF Margin -0.21% = -0.08 |
| 4. Debt/Equity 0.02 = 2.50 |
| 5. Debt/Ebitda 2.73 = -1.36 |
| 6. ROIC - WACC (= -15.17)% = -12.50 |
| 7. RoE -1.59% = -0.27 |
| 8. Rev. Trend -43.91% = -3.29 |
| 9. EPS Trend 14.65% = 0.73 |
What is the price of CEVA shares?
Over the past week, the price has changed by -0.71%, over one month by -7.73%, over three months by +24.43% and over the past year by +6.20%.
Is CEVA a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CEVA is around 25.22 USD . This means that CEVA is currently overvalued and has a potential downside of -5.68%.
Is CEVA a buy, sell or hold?
- 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 | 31.8 | 19% |
| Analysts Target Price | 31.8 | 19% |
| ValueRay Target Price | 28.8 | 7.5% |
CEVA Fundamental Data Overview November 05, 2025
P/E Forward = 47.3934
P/S = 6.2314
P/B = 2.5122
P/EG = 2.3703
Beta = 1.292
Revenue TTM = 106.4m USD
EBIT TTM = -7.72m USD
EBITDA TTM = -9.05m USD
Long Term Debt = 4.37m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 1.61m USD (from shortTermDebt, last quarter)
Debt = 4.37m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -24.7m USD (from netDebt column, last quarter)
Enterprise Value = 512.4m USD (662.7m + Debt 4.37m - CCE 154.7m)
Interest Coverage Ratio = -3.08 (Ebit TTM -7.72m / Interest Expense TTM -2.51m)
FCF Yield = -0.04% (FCF TTM -225.0k / Enterprise Value 512.4m)
FCF Margin = -0.21% (FCF TTM -225.0k / Revenue TTM 106.4m)
Net Margin = -4.00% (Net Income TTM -4.25m / Revenue TTM 106.4m)
Gross Margin = 86.49% ((Revenue TTM 106.4m - Cost of Revenue TTM 14.4m) / Revenue TTM)
Gross Margin QoQ = 86.18% (prev 85.62%)
Tobins Q-Ratio = 1.69 (Enterprise Value 512.4m / Total Assets 302.8m)
Interest Expense / Debt = 30.65% (Interest Expense 1.34m / Debt 4.37m)
Taxrate = -44.18% (negative due to tax credits) (1.14m / -2.57m)
NOPAT = -11.1m (EBIT -7.72m * (1 - -44.18%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 8.58 (Total Current Assets 208.8m / Total Current Liabilities 24.3m)
Debt / Equity = 0.02 (Debt 4.37m / totalStockholderEquity, last quarter 265.9m)
Debt / EBITDA = 2.73 (negative EBITDA) (Net Debt -24.7m / EBITDA -9.05m)
Debt / FCF = 109.9 (negative FCF - burning cash) (Net Debt -24.7m / FCF TTM -225.0k)
Total Stockholder Equity = 266.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.40% (Net Income -4.25m / Total Assets 302.8m)
RoE = -1.59% (Net Income TTM -4.25m / Total Stockholder Equity 266.8m)
RoCE = -2.85% (EBIT -7.72m / Capital Employed (Equity 266.8m + L.T.Debt 4.37m))
RoIC = -4.17% (negative operating profit) (NOPAT -11.1m / Invested Capital 266.8m)
WACC = 11.00% (E(662.7m)/V(667.1m) * Re(10.78%) + D(4.37m)/V(667.1m) * Rd(30.65%) * (1-Tc(-0.44)))
Discount Rate = 10.78% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.10%
Fair Price DCF = unknown (Cash Flow -225.0k)
EPS Correlation: 14.65 | EPS CAGR: -23.09% | SUE: -1.67 | # QB: 0
Revenue Correlation: -43.91 | Revenue CAGR: -9.37% | SUE: 0.09 | # QB: 0
Additional Sources for CEVA Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle