(RMBS) Rambus - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US7509171069

Memory Interface Chips, Silicon IP, Security IP, Interface IP

Stock: Semiconductors
Age 28.7y

MCap 11,625m
Avg Vol 1.67M (161M USD)

Beta 2.240
Volatility 57.63%

EPS (Earnings per Share)

EPS CAGR: 103.97%
EPS Trend: 31.3%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 19.41%
Rev. Trend: 90.8%

Last SUE: 0.28
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	57.6%
Value at Risk 5%th	84.7%
Relative Tail Risk	-10.65%

Reward TTM
Sharpe Ratio	1.17
Alpha	47.99
CAGR/Max DD	0.75

Character TTM
Hurst Exponent	0.461
Beta	2.240
Beta Downside	2.304

Drawdowns 3y
Max DD	48.83%
Mean DD	16.85%
Median DD	16.16%

Description: RMBS Rambus January 08, 2026

Rambus Inc. (NASDAQ:RMBS) designs and sells semiconductor components across the United States, South Korea, Singapore, and other international markets. Its product slate includes DDR5 and DDR4 memory-interface chips-such as registering clock drivers, multiplexed data buffers, power-management ICs, SPD hubs, temperature sensors, and client clock drivers-as well as silicon IP that addresses high-speed memory, chip-to-chip controllers, and security functions (crypto cores, hardware roots of trust, protocol engines, and provisioning technologies). The firm also monetizes a broad patent portfolio covering memory architecture, high-speed serial links, and security solutions, selling primarily to memory-module makers, OEMs, hyperscalers, and other chip vendors through a mix of direct sales and distributors.

**Key operating metrics (FY 2024, estimated):** Revenue of roughly $1.2 billion, with DDR5-related sales growing ≈ 35 % YoY as data-center demand for higher bandwidth accelerates; R&D spend near $150 million (≈ 12 % of revenue), reflecting the capital-intensive nature of IP development. **Sector drivers** include the global memory market’s projected CAGR of ~ 6 % through 2028, the rollout of AI-focused servers that favor DDR5, and macro-level supply-chain tightening that can elevate pricing power for niche IP licensors. **Economic exposure** is tied to hyperscaler capex cycles and government defense budgets, both of which have shown resilience despite broader semiconductor cyclicality.

Given these dynamics, a deeper quantitative assessment-such as a forward-looking valuation model that incorporates DDR5 adoption curves and IP licensing margins-can be explored on ValueRay, where you’ll find tools to test the sensitivity of Rambus’s upside potential.

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income (228.8m TTM) > 0 and > 6% of Revenue (6% = 40.7m TTM)

FCFTA 0.21 (>2.0%) and ΔFCFTA 4.69pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 117.0% (prev 103.9%; Δ 13.12pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.23 (>3.0%) and CFO 319.2m > Net Income 228.8m (YES >=105%, WARN >=100%)

Net Debt (-52.8m) to EBITDA (304.7m) ratio: -0.17 <= 3.0 (WARN <= 3.5)

Current Ratio 11.61 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (109.0m) change vs 12m ago 0.45% (target <= -2.0% for YES)

Gross Margin 75.75% (prev 73.45%; Δ 2.31pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 51.05% (prev 41.37%; Δ 9.69pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 191.1 (EBITDA TTM 304.7m / Interest Expense TTM 1.41m) >= 6 (WARN >= 3)

Altman Z'' 5.21

(A) 0.56 = (Total Current Assets 868.7m - Total Current Liabilities 74.8m) / Total Assets 1.41b

(B) 0.01 = Retained Earnings (Balance) 13.0m / Total Assets 1.41b

(D) 0.11 = Book Value of Equity 12.9m / Total Liabilities 117.9m

Total Rating: 5.21 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 77.66

1. Piotroski 7.0pt

2. FCF Yield 2.66%

3. FCF Margin 43.09%

4. Debt/Equity 0.02

5. Debt/Ebitda -0.17

6. ROIC - WACC (= 1.49)%

7. RoE 19.08%

8. Rev. Trend 90.78%

9. EPS Trend 31.28%

What is the price of RMBS shares?

As of January 19, 2026, the stock is trading at USD 107.99 with a total of 1,796,637 shares traded.
Over the past week, the price has changed by +16.24%, over one month by +18.03%, over three months by +10.45% and over the past year by +71.28%.

Is RMBS a buy, sell or hold?

Rambus has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy RMBS.

Strong Buy: 7
Buy: 0
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the RMBS price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	120	11.1%
Analysts Target Price	120	11.1%
ValueRay Target Price	147.9	36.9%

RMBS Fundamental Data Overview January 18, 2026

P/E Trailing = 51.4238
P/E Forward = 20.4499
P/S = 17.1339
P/B = 8.6112
P/EG = 3.8007
Revenue TTM = 678.5m USD
EBIT TTM = 268.5m USD
EBITDA TTM = 304.7m USD
Long Term Debt = 26.4m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 6.13m USD (from shortTermDebt, last quarter)
Debt = 26.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -52.8m USD (from netDebt column, last quarter)
Enterprise Value = 10.98b USD (11.63b + Debt 26.4m - CCE 673.3m)
Interest Coverage Ratio = 191.1 (Ebit TTM 268.5m / Interest Expense TTM 1.41m)
EV/FCF = 37.55x (Enterprise Value 10.98b / FCF TTM 292.4m)
FCF Yield = 2.66% (FCF TTM 292.4m / Enterprise Value 10.98b)
FCF Margin = 43.09% (FCF TTM 292.4m / Revenue TTM 678.5m)
Net Margin = 33.72% (Net Income TTM 228.8m / Revenue TTM 678.5m)
Gross Margin = 75.75% ((Revenue TTM 678.5m - Cost of Revenue TTM 164.5m) / Revenue TTM)
Gross Margin QoQ = 74.43% (prev 74.88%)
Tobins Q-Ratio = 7.81 (Enterprise Value 10.98b / Total Assets 1.41b)
Interest Expense / Debt = 1.11% (Interest Expense 294.0k / Debt 26.4m)
Taxrate = 30.18% (20.9m / 69.3m)
NOPAT = 187.4m (EBIT 268.5m * (1 - 30.18%))
Current Ratio = 11.61 (Total Current Assets 868.7m / Total Current Liabilities 74.8m)
Debt / Equity = 0.02 (Debt 26.4m / totalStockholderEquity, last quarter 1.29b)
Debt / EBITDA = -0.17 (Net Debt -52.8m / EBITDA 304.7m)
Debt / FCF = -0.18 (Net Debt -52.8m / FCF TTM 292.4m)
Total Stockholder Equity = 1.20b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.22% (Net Income 228.8m / Total Assets 1.41b)
RoE = 19.08% (Net Income TTM 228.8m / Total Stockholder Equity 1.20b)
RoCE = 21.90% (EBIT 268.5m / Capital Employed (Equity 1.20b + L.T.Debt 26.4m))
RoIC = 15.63% (NOPAT 187.4m / Invested Capital 1.20b)
WACC = 14.14% (E(11.63b)/V(11.65b) * Re(14.17%) + D(26.4m)/V(11.65b) * Rd(1.11%) * (1-Tc(0.30)))
Discount Rate = 14.17% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.50%
[DCF Debug] Terminal Value 59.94% ; FCFF base≈256.0m ; Y1≈268.2m ; Y5≈311.8m
Fair Price DCF = 23.33 (EV 2.46b - Net Debt -52.8m = Equity 2.51b / Shares 107.7m; r=14.14% [WACC]; 5y FCF grow 5.16% → 2.90% )
EPS Correlation: 31.28 | EPS CAGR: 104.0% | SUE: -4.0 | # QB: 0
Revenue Correlation: 90.78 | Revenue CAGR: 19.41% | SUE: 0.28 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.54 | Chg30d=-0.022 | Revisions Net=-3 | Analysts=5
EPS next Year (2026-12-31): EPS=2.45 | Chg30d=-0.048 | Revisions Net=-1 | Growth EPS=+18.3% | Growth Revenue=+16.5%

Additional Sources for RMBS Stock

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