Camtek (STU:CMZ) ROE %: 19.60% (As of Mar. 2026) — Near Median


STU:CMZ Camtek Ltd STU:CMZ
94 GF Score
Price €125.55
GF Value €96.77
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Camtek ROE %?

Camtek STU:CMZ -2.07% 94 ROE % is 19.60% as of Mar. 2026, which is 7% above its 10-year median of 18.39. GuruFocus rates STU:CMZ with a GF Score™ of 94/100 and a GF Value™ of €96.77 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,002 Semiconductors companies, Camtek ranks better than 62.08% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Camtek's annualized net income for the quarter that ended in Mar. 2026 was €109.5 Mil. Camtek's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €558.7 Mil. Therefore, Camtek's annualized ROE % for the quarter that ended in Mar. 2026 was 19.60%.

The historical rank and industry rank for Camtek's ROE % or its related term are showing as below:

STU:CMZ' s ROE % Range Over the Past 10 Years
Min: 6.69   Med: 18.39   Max: 23.59
Current: 7.77

During the past 13 years, Camtek's highest ROE % was 23.59%. The lowest was 6.69%. And the median was 18.39%.

STU:CMZ's ROE % is ranked better than
62.08% of 1002 companies
in the Semiconductors industry
Industry Median: 4.55 vs STU:CMZ: 7.77

Camtek  (STU:CMZ) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=109.492/558.654
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(109.492 / 420.94)*(420.94 / 1099.3595)*(1099.3595 / 558.654)
=Net Margin %*Asset Turnover*Equity Multiplier
=26.01 %*0.3829*1.9679
=ROA %*Equity Multiplier
=9.96 %*1.9679
=19.60 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=109.492/558.654
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (109.492 / 122.536) * (122.536 / 94.34) * (94.34 / 420.94) * (420.94 / 1099.3595) * (1099.3595 / 558.654)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8935 * 1.2989 * 22.41 % * 0.3829 * 1.9679
=19.60 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Camtek ROE % Related Terms


Camtek ROE % Historical Data

* Premium members only.

The historical data trend for Camtek's ROE % 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.

Camtek ROE % Chart

Camtek Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.89 24.25 18.04 23.55 8.24

Camtek Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.77 21.50 -35.00 24.06 19.60

STU:CMZ vs ACMR, KLIC, UCTT: ROE % Comparison

For the Semiconductor Equipment & Materials subindustry, Camtek's ROE %, along with its competitors' market caps and ROE % 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.


Camtek ROE % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Camtek's ROE % distribution charts can be found below:

* The bar in red indicates where Camtek's ROE % falls into.


STU:CMZ
94GF Score
Camtek Ltd STU:CMZ
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Camtek ROE % Calculation

Camtek's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=43.317/( (524.519+526.921)/ 2 )
=43.317/525.72
=8.24 %

Camtek's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=109.492/( (526.921+590.387)/ 2 )
=109.492/558.654
=19.60 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 19.60% mean?
Camtek (STU:CMZ) has a ROE % of 19.60% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Camtek and its competitors. This is near median its historical median of 18.39. Over the past decade, Camtek's ROE % has ranged from 6.69 to 23.59. According to the industry distribution chart, Camtek ranks #380 out of 1002 companies in the Semiconductors industry, placing it in the top 37.9%.
Is Camtek's ROE % too high?
Camtek's current ROE % of 19.60% is near median its 10-year median of 18.39. Over the past 10 years, this metric has ranged from a low of 6.69 to a high of 23.59. The Semiconductors industry median ROE % is 4.55. Camtek's value of 19.60% is 330.8% above this industry median. Based on the distribution chart, Camtek ranks #380 out of 1002 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Camtek has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Camtek's ROE % compare to ACMR and KLIC?
According to the Semiconductors industry distribution chart, Camtek ranks #380 out of 1002 companies for ROE %. This puts Camtek in the upper half of its industry. The industry median ROE % is 4.55. Camtek's value of 19.60% is 330.8% above this benchmark. Historically, Camtek's own ROE % has ranged from 6.69 to 23.59 over the past decade. While the company's 10-year median is 18.39 vs. the industry median of 4.55, Camtek 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 ROE % for a Semiconductors company?
The median ROE % among Semiconductors companies is 4.55, based on 1,002 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Camtek's current ROE % of 19.60% is 330.8% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Camtek and its competitors. For the Semiconductors industry, the median ROE % is 4.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Camtek's current ROE % is 19.60%, which is near median its own 10-year median of 18.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Camtek stock overvalued right now?
Based on GuruFocus' analysis, Camtek (STU:CMZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €96.77, compared to a current price of €125.55 — trading 29.7% above its estimated fair value. The current ROE % is 19.60%, which is near median its 10-year median of 18.39 and 330.8% above the Semiconductors industry median of 4.55. Camtek's overall GF Score™ is 94/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Camtek (STU:CMZ), the current ROE % is 19.60% as of Mar. 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 Camtek (STU:CMZ) Overvalued in 2026?

Based on GuruFocus' analysis, Camtek stock appears to be overvalued. The current stock price of €125.55 is trading 29.7% above its estimated GF Value™ of €96.77. GuruFocus considers Camtek to be Significantly Overvalued.

Key valuation signals for STU:CMZ:

  • ROE %: 19.60% (near median its 10-year median of 18.39)
  • GF Value™: €96.77 vs. price of €125.55 (29.7% above fair value)
  • GF Score™: 94/100 with 3 warning signs
  • Industry Position: 330.8% above the Semiconductors median (#380 of 1002)

No single metric tells the full story. See the STU:CMZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Camtek Business Description

Address Ramat Gavriel Industrial Zone, P.O. Box 544, Migdal HaEmek, ISR, 23150
Camtek Ltd is engaged in the manufacturing of metrology and inspection equipment and software solutions for the semiconductor industry. Its systems inspect wafers for various semiconductor market segments, including Advanced Packaging, Chiplets, HBM, Compound Semiconductors, Memory, CMOS Image Sensors, Power, RF and MEMS, serving the industry's IDMs, OSATs, and foundries. Geographically, it derives maximum revenue from China followed by Asia Pacific, Korea, United States, and Europe. The company's products and services include Surface Inspection, Bump Inspection and Metrology, and others.
94GF Score

Get the complete analysis for STU:CMZ

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€125.55
Price
€96.77
GF Value