Company Valuation: Arm Holdings plc

Data adjusted to current consolidation scope
Fiscal Period: March 2024 2025 2026 2027 2028 2029
Market Cap 1 128,499 112,557 160,659 302,619 - -
Change - -12.41% 42.74% 88.36% - -
Enterprise Value (EV) 1 125,576 109,732 157,058 298,149 295,874 292,368
Change - -12.62% 43.13% 89.83% -0.76% -1.19%
P/E 431x 142x 178x 225x 149x 102x
PBR 24.6x 16.6x 19.5x 28.8x 21.8x 15.9x
PEG -10x 1x 13.4x 4.7x 2.9x 2.2x
Capitalization / Revenue 39.7x 28.1x 32.7x 50x 36.7x 28x
EV / Revenue 38.8x 27.4x 31.9x 49.3x 35.9x 27.1x
EV / EBITDA 80x 53.4x 66.4x 100x 73.9x 55.2x
EV / EBIT 89.2x 58.6x 74.3x 110x 78.7x 58.6x
EV / FCF 138x 1,108x 178x 163x 103x 68.4x
FCF Yield 0.72% 0.09% 0.56% 0.61% 0.97% 1.46%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.29 0.75 0.85 1.261 1.902 2.786
Distribution rate - - - - - -
Net sales 1 3,233 4,007 4,920 6,046 8,236 10,806
EBITDA 1 1,570 2,054 2,364 2,968 4,001 5,292
EBIT 1 1,408 1,871 2,115 2,700 3,757 4,988
Net income 1 306 792 904 1,341 2,025 3,071
Net Debt 1 -2,923 -2,825 -3,601 -4,469 -6,745 -10,251
Reference price 2 124.99 106.79 151.28 283.33 283.33 283.33
Nbr of stocks (in thousands) 1,028,075 1,054,000 1,062,000 1,068,079 - -
Announcement Date 5/8/24 5/7/25 5/6/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.58x12.82x19.43x0.34% 5,435B
23.01x11.3x15.32x1.09% 2,020B
38.27x16.13x23.69x0.74% 1,684B
14.84x9.07x10.93x0.05% 1,222B
110.32x19.99x75.97x-.--% 1,029B
5.27x3.41x4.12x0.19% 1T
-53.29x10.61x29.52x-.--% 646B
246.14x54.08x110.16x-.--% 331B
Average 50.89x 17.18x 36.14x 0.3% 1,671B
Weighted average by Cap. 31.25x 13.43x 24.52x 0.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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