(KLAC) KLA-Tencor - Ratings and Ratios
Inspection, Metrology, Software, Etch, Deposition
Dividends
| Dividend Yield | 0.60% |
| Yield on Cost 5y | 3.05% |
| Yield CAGR 5y | 14.66% |
| Payout Consistency | 96.4% |
| Payout Ratio | 21.3% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 39.0% |
| Value at Risk 5%th | 61.0% |
| Relative Tail Risk | -4.73% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.65 |
| Alpha | 65.25 |
| CAGR/Max DD | 1.35 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.404 |
| Beta | 1.647 |
| Beta Downside | 1.548 |
| Drawdowns 3y | |
|---|---|
| Max DD | 34.95% |
| Mean DD | 8.89% |
| Median DD | 6.51% |
Description: KLAC KLA-Tencor December 02, 2025
KLA Corporation (NASDAQ: KLAC) designs, manufactures, and markets a portfolio of process-control, yield-management, and inspection solutions for the semiconductor and related electronics industries. The business is organized into three segments-Semiconductor Process Control, Specialty Semiconductor Process, and PCB & Component Inspection-and offers tools that detect defects, measure critical dimensions, and provide software-driven run-time process control across wafers, reticles, and printed-circuit boards.
According to the company’s FY 2023 Form 10-K, KLA generated $10.2 billion in revenue, a 13 % year-over-year increase, and reported diluted earnings per share of $6.48. The Semiconductor Process Control segment contributed roughly 78 % of total revenue, while the PCB & Component Inspection segment grew at a 22 % compound annual growth rate (CAGR) over the past three years, reflecting expanding demand for advanced packaging inspection.
Key industry drivers that underpin KLA’s outlook include: (1) the accelerating rollout of AI-focused GPUs and custom accelerators, which pushes demand for sub-3 nm lithography and tighter defect control; (2) a sustained rise in global semiconductor capital expenditures, projected by SEMI to exceed $800 billion through 2026, with a notable shift toward larger wafer sizes (300 mm to 450 mm) that increase inspection throughput requirements; and (3) the growth of advanced packaging (chip-on-wafer-on-substrate, fan-out wafer-level packaging), which expands the addressable market for KLA’s PCB and packaging metrology tools.
For a deeper quantitative view of KLAC’s valuation metrics and scenario analysis, you might explore the analyst tools on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 8.0
| Net Income (4.24b TTM) > 0 and > 6% of Revenue (6% = 751.5m TTM) |
| FCFTA 0.24 (>2.0%) and ΔFCFTA 3.66pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 54.70% (prev 52.98%; Δ 1.72pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.26 (>3.0%) and CFO 4.25b > Net Income 4.24b (YES >=105%, WARN >=100%) |
| Net Debt (4.14b) to EBITDA (5.52b) ratio: 0.75 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.69 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (132.4m) change vs 12m ago -1.84% (target <= -2.0% for YES) |
| Gross Margin 61.62% (prev 60.38%; Δ 1.24pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 78.28% (prev 65.36%; Δ 12.92pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 18.28 (EBITDA TTM 5.52b / Interest Expense TTM 291.1m) >= 6 (WARN >= 3) |
Altman Z'' 5.95
| (A) 0.42 = (Total Current Assets 10.90b - Total Current Liabilities 4.05b) / Total Assets 16.32b |
| (B) 0.15 = Retained Earnings (Balance) 2.50b / Total Assets 16.32b |
| (C) 0.33 = EBIT TTM 5.32b / Avg Total Assets 16.00b |
| (D) 0.44 = Book Value of Equity 4.99b / Total Liabilities 11.33b |
| Total Rating: 5.95 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 89.50
| 1. Piotroski 8.0pt |
| 2. FCF Yield 2.41% |
| 3. FCF Margin 30.94% |
| 4. Debt/Equity 1.22 |
| 5. Debt/Ebitda 0.75 |
| 6. ROIC - WACC (= 32.97)% |
| 7. RoE 98.15% |
| 8. Rev. Trend 70.47% |
| 9. EPS Trend 72.66% |
What is the price of KLAC shares?
Over the past week, the price has changed by +5.83%, over one month by +0.71%, over three months by +34.95% and over the past year by +89.32%.
Is KLAC a buy, sell or hold?
- Strong Buy: 11
- Buy: 6
- Hold: 10
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the KLAC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 1289.6 | 5.3% |
| Analysts Target Price | 1289.6 | 5.3% |
| ValueRay Target Price | 1859.7 | 51.9% |
KLAC Fundamental Data Overview December 06, 2025
P/E Trailing = 37.9065
P/E Forward = 33.3333
P/S = 12.7021
P/B = 31.9383
P/EG = 2.2898
Beta = 1.433
Revenue TTM = 12.52b USD
EBIT TTM = 5.32b USD
EBITDA TTM = 5.52b USD
Long Term Debt = 5.89b USD (from longTermDebt, last quarter)
Short Term Debt = 46.8m USD (from shortTermDebt, last quarter)
Debt = 6.09b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.14b USD (from netDebt column, last quarter)
Enterprise Value = 160.49b USD (159.09b + Debt 6.09b - CCE 4.68b)
Interest Coverage Ratio = 18.28 (Ebit TTM 5.32b / Interest Expense TTM 291.1m)
FCF Yield = 2.41% (FCF TTM 3.87b / Enterprise Value 160.49b)
FCF Margin = 30.94% (FCF TTM 3.87b / Revenue TTM 12.52b)
Net Margin = 33.83% (Net Income TTM 4.24b / Revenue TTM 12.52b)
Gross Margin = 61.62% ((Revenue TTM 12.52b - Cost of Revenue TTM 4.81b) / Revenue TTM)
Gross Margin QoQ = 61.27% (prev 63.24%)
Tobins Q-Ratio = 9.84 (Enterprise Value 160.49b / Total Assets 16.32b)
Interest Expense / Debt = 1.17% (Interest Expense 71.1m / Debt 6.09b)
Taxrate = 14.39% (188.4m / 1.31b)
NOPAT = 4.55b (EBIT 5.32b * (1 - 14.39%))
Current Ratio = 2.69 (Total Current Assets 10.90b / Total Current Liabilities 4.05b)
Debt / Equity = 1.22 (Debt 6.09b / totalStockholderEquity, last quarter 4.99b)
Debt / EBITDA = 0.75 (Net Debt 4.14b / EBITDA 5.52b)
Debt / FCF = 1.07 (Net Debt 4.14b / FCF TTM 3.87b)
Total Stockholder Equity = 4.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 25.96% (Net Income 4.24b / Total Assets 16.32b)
RoE = 98.15% (Net Income TTM 4.24b / Total Stockholder Equity 4.32b)
RoCE = 52.15% (EBIT 5.32b / Capital Employed (Equity 4.32b + L.T.Debt 5.89b))
RoIC = 44.65% (NOPAT 4.55b / Invested Capital 10.20b)
WACC = 11.68% (E(159.09b)/V(165.17b) * Re(12.09%) + D(6.09b)/V(165.17b) * Rd(1.17%) * (1-Tc(0.14)))
Discount Rate = 12.09% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.43%
[DCF Debug] Terminal Value 68.86% ; FCFE base≈3.58b ; Y1≈4.30b ; Y5≈6.88b
Fair Price DCF = 487.0 (DCF Value 63.99b / Shares Outstanding 131.4m; 5y FCF grow 21.32% → 3.0% )
EPS Correlation: 72.66 | EPS CAGR: 12.90% | SUE: 1.04 | # QB: 10
Revenue Correlation: 70.47 | Revenue CAGR: 8.64% | SUE: 1.10 | # QB: 5
EPS next Quarter (2026-03-31): EPS=8.87 | Chg30d=+0.002 | Revisions Net=+5 | Analysts=21
EPS current Year (2026-06-30): EPS=35.82 | Chg30d=+0.075 | Revisions Net=+14 | Growth EPS=+7.6% | Growth Revenue=+7.7%
EPS next Year (2027-06-30): EPS=41.92 | Chg30d=+0.352 | Revisions Net=+16 | Growth EPS=+17.0% | Growth Revenue=+11.8%
Additional Sources for KLAC Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle