FORM
FormFactor, Inc.Technology · $10.2B market cap
Verdict
Share price
$149.15
close of Oct 3, 2026
Fair value
$48.07
Sticker Price
Payback Price
$19.23
buy price
FORM is Overpriced: at $149.15 it trades 210% above its fair value of $48.07. Its buy price (Payback Price) is $19.23, 87% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.
How we valued it
Sales-Based (P/S). Its earnings are small compared with its price, so no reasonable earnings multiple can value it. We value it on its sales instead, at the price-to-sales ratio it has typically traded at.
Business quality
1 of 5 clear the 10% bar. What are the Big Five?
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3 of the investors we track hold FORM. In Q2 2026, 2 opened a position and 1 trimmed. Who we track
First Eagle Investment Management
First Eagle Investment Management · as of Q2 2026
$17.0M
106,137 shares
Lee Ainslie
Maverick Capital · as of Q2 2026
$728K
4,554 shares
Polen Capital Management
Polen Capital Management · as of Q2 2026
$574K
3,591 shares
Moves in Q2 2026
New position: Polen Capital Management, Lee Ainslie
Trimmed: First Eagle Investment Management
Insider activity
Since Sep 3, 2026: no open-market purchases and 1 sale worth $202K. Why purchases matter
Sales
About FormFactor, Inc.
FormFactor, Inc., established in Livermore, California in 1993, specializes in the design, manufacturing, and global distribution of advanced test and measurement solutions for the semiconductor industry. The company primarily caters to semiconductor manufacturers and research institutions, operating through two main divisions: Probe Cards and Systems. Within the Probe Cards segment, FormFactor supplies crucial…
Semiconductors
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works