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Arm Holdings plc American Depositary Shares (ARM)

NASDAQ / Technology / Semiconductors

Share price

244.79 USD Market dataClose of Oct 15, 2026

Market capitalisation

261.40B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Newest accounts
FY2025, market data
Ratios computed
Oct 15, 2026
Filed years
n/a
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataComputed

Four questions, at a glance

Quality

Return on equity

11.6% Computed

From FY2025 market data

Read quality

Valuation

Price to earnings

326.39x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

0.1% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, by fiscal year

FY2021 Revenue: 2.03B USDFY2021 Net income: 388.0M USDFY2022 Revenue: 2.70B USDFY2022 Net income: 549.0M USDFY2023 Revenue: 2.68B USDFY2023 Net income: 524.0M USDFY2024 Revenue: 3.23B USDFY2024 Net income: 306.0M USDFY2025 Revenue: 4.01B USDFY2025 Net income: 792.0M USD
Revenue Net income5 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.
Named tests met
0 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 326.39x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits above the highest.

Today, against the Semiconductors industry (51 companies), 326.39x sits at the 94th percentile; the middle half of that group runs from 34.97x to 99.83x.

Is it good

Return on equity was 11.6% in FY2025, in the band labelled "Ordinary" (8.0% to 15.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Semiconductors industry (92 companies), 11.6% sits at the 71st percentile; the middle half of that group runs from -7.8% to 13.4%.

Is it safe

Arm Holdings plc American Depositary Shares held more cash than debt at the end of FY2025 (net cash of 1.7bn USD), so net debt to EBITDA is a net cash position rather than a leverage reading.

No peer distribution is published for net debt to EBITDA today; the year-by-year comparison uses the filed annual figures.

Year by year against peers
Whether Arm Holdings plc American Depositary Shares's return on equity stayed above the median of the Semiconductors industry, year by year. (FY2022 to FY2025, 4 fiscal years of Arm Holdings plc American Depositary Shares with a comparable figure)
The direction
Which way Arm Holdings plc American Depositary Shares's gross margin has moved, and how steadily. (FY2021 to FY2025, 5 filed years of Arm Holdings plc American Depositary Shares)
What could explain it
What in Arm Holdings plc American Depositary Shares's filed statements could explain the movements. (12 readings drawn from the statement lines Arm Holdings plc American Depositary Shares filed)
What to check next
What to check next on Arm Holdings plc American Depositary Shares, and where in its filings. (5 questions for Arm Holdings plc American Depositary Shares)
In one paragraph
One paragraph on Arm Holdings plc American Depositary Shares's returns, cash, balance sheet and price. (12 of sixteen figures read for Arm Holdings plc American Depositary Shares)

These are ARM’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research ARMPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

Market dataCompany statement

The newest accounts on file are FY2025’s, from a statement that names no SEC filing: market data, supplied Mar 8, 2026, accession n/a.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

Market dataComputed

Arm Holdings plc American Depositary Shares: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.

n/a ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Return on equity11.6% ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Return on capital employed, pre-tax10.3% ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Return on assets8.9% ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Gross margin94.9% ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Operating margin20.6% ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Net margin19.8% ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
ARM 19.8%
TXN 28.3%AMD 12.5%KLAC 35.6%LRCX 31.3%AMAT 24.7%
12.5%35.6%
Net margin: ARM against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

Market dataComputedCompany statement

Arm Holdings plc American Depositary Shares: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.05 ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Current ratio5.20 ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Quick ratio5.20 ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Interest coverage
Why n/a

The filing states no interest expense for this year, so coverage is not computed: with no interest bill there is nothing to cover.

n/a ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Altman Z-score76.43 ComputedClose of Oct 15, 2026 · FY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Net debt-2.47B ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Total assets 8.93BTotal liabilities 2.09BShareholders' equity 6.84BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Arm Holdings plc American Depositary Shares owned and owed at the end of fiscal 2025, from a copy of its balance sheet that names no SEC filing (market data) ().

Arm Holdings plc American Depositary Shares: balance sheet position
Total assets8.93B Market dataFY2025 market data, supplied Mar 8, 2026, no SEC filing named
Total liabilities2.09B Market dataFY2025 market data, supplied Mar 8, 2026, no SEC filing named
Shareholders' equity6.84B Market dataFY2025 market data, supplied Mar 8, 2026, no SEC filing named
Cash2.83B Market dataFY2025 market data, supplied Mar 8, 2026, no SEC filing named
Total debt356.0M Market dataFY2025 market data, supplied Mar 8, 2026, no SEC filing named
Net debt-2.47B
Current ratio5.20
Debt to equity0.05
  • Interest cover: FY2025: The filing states no interest expense for this year, so coverage is not computed: with no interest bill there is nothing to cover.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataComputed

Arm Holdings plc American Depositary Shares: what the market charges, each with its source
FigureValue, source and document
Price to earnings326.39x ComputedClose of Oct 15, 2026 · FY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
P/E on trailing twelve months
Why n/a

A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

n/a ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book38.05x ComputedClose of Oct 15, 2026 · FY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Price to sales64.94x ComputedClose of Oct 15, 2026 · FY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Enterprise value to EBIT312.55x ComputedClose of Oct 15, 2026 · FY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Enterprise value to EBITDA286.28x ComputedClose of Oct 15, 2026 · FY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Diluted earnings per share0.75 USD Market dataFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Graham number10.42 USD ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a

We publish no fair value or price target of our own. Value ARM on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Arm Holdings plc American Depositary Shares today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Arm Holdings plc American Depositary Shares: valuation
Share price244.79 USD
Market capitalisation261.40B USD
Enterprise value to EBITDA286.28x
Graham number10.42 USD
Diluted earnings per share, FY20250.75 USD

Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

Companies like Arm Holdings plc American Depositary Shares

  1. Texas Instruments Incorporated (TXN)Market cap 254.90B USD
  2. Advanced Micro Devices, Inc. (AMD)Market cap 917.80B USD
  3. KLA Corporation (KLAC)Market cap 227.70B USD
  4. Lam Research Corporation (LRCX)Market cap 347.20B USD
  5. Applied Materials, Inc. (AMAT)Market cap 341.30B USD

Same industry (Semiconductors) and size band (Mega, 200B and over), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

Market dataComputed

Arm Holdings plc American Depositary Shares: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield0.1% ComputedClose of Oct 15, 2026 · FY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Free cash flow178.0M USD ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Free cash flow margin4.4% ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Dividend yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
FY2021 Free cash flow: 1.07B USDFY2021 Net income: 388.0M USDFY2022 Free cash flow: 383.0M USDFY2022 Net income: 549.0M USDFY2023 Free cash flow: 646.0M USDFY2023 Net income: 524.0M USDFY2024 Free cash flow: 947.0M USDFY2024 Net income: 306.0M USDFY2025 Free cash flow: 178.0M USDFY2025 Net income: 792.0M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

Market data

The figures on file

Computed from annual statements that name no SEC filing and, in a ratio with a price in it, the last close, dated on this page. So each figure below reads Market data, with the fiscal year it is for and the day it was supplied, and every blank carries the reason it is blank. Nothing here is a view on this company.

Arm Holdings plc American Depositary Shares: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
326.39xFY2025Oct 15, 2026
38.05xFY2025Oct 15, 2026
312.55xFY2025Oct 15, 2026
0.1%FY2025Oct 15, 2026
n/aFY2025May 28, 2025
n/a The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
n/aFY2025Oct 15, 2026
n/a The only dividend lines on the filed cash flow statement are zeros the filer did not tag as the common dividend paid, so they say nothing about what reached the common holders.
0.05FY2025May 28, 2025
5.20FY2025May 28, 2025
64.94xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
76.43FY2025Oct 15, 2026
-1.31FY2025May 28, 2025
6/9FY2025May 28, 2025

The figures are computed from the accounts for fiscal 2025, the newest full year on file. We hold no annual statement for this company, which is not the same as it having filed none. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

5 fiscal years, FY2021 to FY2025, read from annual statements that name no SEC filing: market data, not a filing. Amounts in USD, as reported.

Arm Holdings plc American Depositary Shares: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20254.01B827.0M792.0M0.75178.0M20.6%11.6%Market data, supplied Mar 8, 2026accession n/a
FY20243.23B99.0M306.0M0.29947.0M3.1%5.8%Market data, supplied Mar 8, 2026accession n/a
FY20232.68B678.0M524.0M0.51646.0M25.3%12.9%Market data, supplied Mar 8, 2026accession n/a
FY20222.70B680.0M549.0M0.54383.0M25.2%15.5%Market data, supplied Mar 8, 2026accession n/a
FY20212.03B242.0M388.0M0.381.07B11.9%n/aMarket data, supplied Mar 8, 2026accession n/a
  • Revenue, compound annual growth FY2021 to FY2025: 18.6%
  • Earnings, compound annual growth FY2021 to FY2025: 19.5%
  • Earnings per share, compound annual growth FY2021 to FY2025: 18.5%
  • Free cash flow, compound annual growth FY2021 to FY2025: -36.1%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Arm Holdings plc American Depositary Shares: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-1.31 ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Piotroski F-score6/9 ComputedFY2025 market data, supplied Mar 8, 2026, no SEC filing named, accession n/a
Named tests met0 of 30 Computed
Beta2.36 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 0 met, 26 not met, 4 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
None of the named tests.
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Low PEG, low debt (Peter Lynch); ROIC at or above WACC; Z-score and coverage (Edward Altman); Cash-covered dividend. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(11)
  • Positive Earnings Streak: We hold 5 profitable filed years in a row; the test needs 10.
  • Return on Invested Capital: The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Rev Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: The filing states no interest expense for this year, so coverage is not computed: with no interest bill there is nothing to cover.
  • Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 11 figures could not be read on this company, among them Positive Earnings Streak, Return on Invested Capital, PEG Ratio. Each blank in the table above names the rest, with its reason. 4 named tests come back incomplete because of them, which is neither met nor missed.
  • We hold no filed annual statement for this company yet, so the run above is shorter than a full decade and is counted as what it is.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from annual statements on file for this company that name no SEC filing, which are market data, and from dated closing prices. Every figure on this page opens into its formula and its inputs. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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