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PhotronicsPLAB +3.28%91 Cash-to-Debt is 165.03 as of Apr. 2026, which is 2956% above its 10-year median of 5.40. GuruFocus rates PLAB with a GF Score™ of 91/100 and a GF Value™ of $25.38 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 962 Semiconductors companies, Photronics ranks better than 91.79% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Photronics's cash to debt ratio for the quarter that ended in Apr. 2026 was 165.03.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Photronicscould pay off its debt using the cash in hand for the quarter that ended in Apr. 2026.
The historical rank and industry rank for Photronics's Cash-to-Debt or its related term are showing as below:
PLAB'
s Cash-to-Debt Range Over the Past 10 Years
Min: 2.24 Med: 5.4 Max: 30327.19
Current: 165.03
During the past 13 years, Photronics's highest Cash to Debt Ratio was 30327.19. The lowest was 2.24. And the median was 5.40.
PLAB's Cash-to-Debt is ranked better than 91.79% of 962
companies
in the Semiconductors industry
Industry Median: 1.72
vs PLAB: 165.03
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Photronics Cash-to-Debt Related Terms
Photronics Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Photronics's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Semiconductor Equipment & Materials subindustry, Photronics's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Photronics Cash-to-Debt vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Photronics's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Photronics's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Photronics (PLAB) has a Cash-to-Debt of 165.03 as of Apr. 2026. This is 2956% above median its historical median of 5.40. Over the past decade, Photronics' Cash-to-Debt has ranged from 2.24 to 30,327.19. According to the industry distribution chart, Photronics ranks #79 out of 962 companies in the Semiconductors industry, placing it in the top 8.2%.
Is Photronics' Cash-to-Debt too high?
Photronics' current Cash-to-Debt of 165.03 is 2956% above median its 10-year median of 5.40. Over the past 10 years, this metric has ranged from a low of 2.24 to a high of 30,327.19. The Semiconductors industry median Cash-to-Debt is 1.72. Photronics' value of 165.03 is 9494.8% above this industry median. Based on the distribution chart, Photronics ranks #79 out of 962 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Photronics has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Photronics' Cash-to-Debt compare to COHU and AEHR?
According to the Semiconductors industry distribution chart, Photronics ranks #79 out of 962 companies for Cash-to-Debt. This places Photronics in the top 8% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 1.72. Photronics' value of 165.03 is 9494.8% above this benchmark. Historically, Photronics' own Cash-to-Debt has ranged from 2.24 to 30,327.19 over the past decade. While the company's 10-year median is 5.40 vs. the industry median of 1.72, Photronics has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Semiconductors company?
The median Cash-to-Debt among Semiconductors companies is 1.72, based on 962 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Photronics's current Cash-to-Debt of 165.03 is 9494.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median Cash-to-Debt is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Photronics's current Cash-to-Debt is 165.03, which is 2956% above median its own 10-year median of 5.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Photronics stock overvalued right now?
Based on GuruFocus' analysis, Photronics (PLAB) is currently considered Modestly Overvalued. The stock's GF Value™ is $25.38, compared to a current price of $30.25 — trading 19.2% above its estimated fair value. The current Cash-to-Debt is 165.03, which is 2956% above median its 10-year median of 5.40 and 9494.8% above the Semiconductors industry median of 1.72. Photronics' overall GF Score™ is 91/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Photronics (PLAB), the current Cash-to-Debt is 165.03 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Photronics (PLAB) Overvalued in 2026?
Based on GuruFocus' analysis, Photronics stock appears to be overvalued.
The current stock price of $30.25 is trading 19.2% above its estimated GF Value™ of $25.38.
GuruFocus considers Photronics to be Modestly Overvalued.
Key valuation signals for PLAB:
Cash-to-Debt: 165.03 (2956% above median its 10-year median of 5.40)
GF Value™: $25.38 vs. price of $30.25 (19.2% above fair value)
Industry Position: 9494.8% above the Semiconductors median (#79 of 962)
No single metric tells the full story. See the PLAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Photronics Inc is a U.S.-based company principally engaged in the manufacturing of photomasks, which are high-precision photographic quartz or glass plates containing microscopic images of electronic circuits. Photomasks are a key element in the manufacture of integrated circuits (ICs) and flat-panel displays (FPDs) and are used as masters to transfer circuit patterns onto semiconductor wafers and FPD substrates during fabrication, as well as to a lesser extent, other types of electrical and optical components. The Company has manufacturing facilities in Taiwan, China, South Korea, the United States, and Europe, and generates revenue globally, with Taiwan contributing the majority of total revenue.
91GF Score
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