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GLOBALFOUNDRIES Inc. (GFS)

NASDAQ / Technology / Semiconductors

Share price

48.76 USD Market dataClose of Oct 15, 2026

Market capitalisation

26.76B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 27, 2026
Ratios computed
Oct 15, 2026
Filed years
7, FY2019 to FY2025
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 dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

6.6% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

30.23x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

3.8% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, by fiscal year

FY2018 Revenue: 6.20B USDFY2018 Net income: -2.70B USDFY2019 Revenue: 5.81B USDFY2019 Net income: -1.37B USDFY2020 Revenue: 4.85B USDFY2020 Net income: -1.35B USDFY2021 Revenue: 6.58B USDFY2021 Net income: -250.0M USDFY2022 Revenue: 8.11B USDFY2022 Net income: 1.45B USDFY2023 Revenue: 7.39B USDFY2023 Net income: 1.02B USDFY2024 Revenue: 6.75B USDFY2024 Net income: -265.0M USDFY2025 Revenue: 6.79B USDFY2025 Net income: 885.0M USD
Revenue Net income8 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 30.23x 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 between 25.00x and 40.00x.

Today, against the Semiconductors industry (51 companies), 30.23x sits at the 20th percentile; the middle half of that group runs from 34.97x to 99.83x.

Is it good

Return on invested capital was 6.6% in FY2025, in the band labelled "Likely below the cost of capital" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns below the usual cost of the capital employed.

Today, against the Semiconductors industry (36 companies), 6.6% sits at the 52nd percentile; the middle half of that group runs from -0.3% to 13.9%.

Is it safe

Interest coverage was 8.57x in FY2025, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether GLOBALFOUNDRIES Inc.'s return on equity stayed above the median of the Semiconductors industry, year by year. (FY2024 to FY2025, 2 fiscal years of GLOBALFOUNDRIES Inc. with a comparable figure)
The direction
Which way GLOBALFOUNDRIES Inc.'s gross margin has moved, and how steadily. (FY2018 to FY2025, 8 filed years of GLOBALFOUNDRIES Inc.)
What could explain it
What in GLOBALFOUNDRIES Inc.'s filed statements could explain the movements. (4 readings drawn from the statement lines GLOBALFOUNDRIES Inc. filed)
What to check next
What to check next on GLOBALFOUNDRIES Inc., and where in its filings. (3 questions for GLOBALFOUNDRIES Inc.)
In one paragraph
One paragraph on GLOBALFOUNDRIES Inc.'s returns, cash, balance sheet and price. (14 of sixteen figures read for GLOBALFOUNDRIES Inc.)

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

Research GFSPart 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.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 20-F, filed Feb 27, 2026, accession 0001709048-26-000022.

3 of 10

Quality

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

SEC filingComputed

GLOBALFOUNDRIES Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax6.6% ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Return on equity7.4% ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Return on capital employed, pre-tax5.4% ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Return on assets5.2% ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Gross margin24.9% ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Operating margin11.7% ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Net margin13.0% ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
GFS 13.0%
ENTG 7.4%UMC 21.0%Q 15.3%MCHP 4.9%SWKS 11.7%
4.9%21.0%
Net margin: GFS 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.

SEC filingComputedCompany statement

GLOBALFOUNDRIES Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.14 ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Current ratio2.62 ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Quick ratio1.95 ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Interest coverage8.57x ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Altman Z-score2.92 ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Net debt-102.0M ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Total assets 17.14BTotal liabilities 5.16BShareholders' equity 11.93BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What GLOBALFOUNDRIES Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (20-F, filed Feb 27, 2026, 0001709048-26-000022).

GLOBALFOUNDRIES Inc: balance sheet position
Total assets17.14B FiledFY2025 20-F, filed Feb 27, 2026
Total liabilities5.16B FiledFY2025 20-F, filed Feb 27, 2026
Shareholders' equity11.93B FiledFY2025 20-F, filed Feb 27, 2026
Cash1.81B FiledFY2025 20-F, filed Feb 27, 2026
Total debt1.71B FiledFY2025 20-F, filed Feb 27, 2026
Net debt-102.0M
Current ratio2.62
Debt to equity0.14

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 dataSEC filingComputed

GLOBALFOUNDRIES Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings30.23x ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
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 book2.24x ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Price to sales3.94x ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Enterprise value to EBIT33.44x ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Enterprise value to EBITDA13.56x ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
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 20-F, filed Feb 27, 2026, 0001709048-26-000022
Diluted earnings per share
Why n/a

The FY2025 filing carries no diluted earnings per share we could read.

n/a FiledFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Graham number
Why n/a

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

n/a ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022

We publish no fair value or price target of our own. Value GFS 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 GLOBALFOUNDRIES Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

GLOBALFOUNDRIES Inc: valuation
Share price48.76 USD
Market capitalisation26.76B USD
Enterprise value to EBITDA13.56x
Graham numbern/a
Diluted earnings per share, FY2018n/a

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 GLOBALFOUNDRIES Inc

  1. Entegris, Inc. (ENTG)Market cap 22.44B USD
  2. United Microelectronics Corporation (UMC)Market cap 52.18B USD
  3. Qnity Electronics, Inc. (Q)Market cap 25.02B USD
  4. Microchip Technology Incorporated (MCHP)Market cap 40.32B USD
  5. Skyworks Solutions, Inc. (SWKS)Market cap 11.90B USD

Same industry (Semiconductors) and size band (Large, 10B to 200B), 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.

SEC filingComputed

GLOBALFOUNDRIES Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield3.8% ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Free cash flow1.01B USD ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Free cash flow margin14.9% ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
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 20-F, filed Feb 27, 2026, 0001709048-26-000022
Payout ratio
Why n/a

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

n/a ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
FY2018 Free cash flow: -1.05B USDFY2018 Net income: -2.70B USDFY2019 Free cash flow: -91.1M USDFY2019 Net income: -1.37B USDFY2020 Free cash flow: 412.0M USDFY2020 Net income: -1.35B USDFY2021 Free cash flow: 1.07B USDFY2021 Net income: -250.0M USDFY2022 Free cash flow: -435.0M USDFY2022 Net income: 1.45B USDFY2023 Free cash flow: 321.0M USDFY2023 Net income: 1.02B USDFY2024 Free cash flow: 1.10B USDFY2024 Net income: -265.0M USDFY2025 Free cash flow: 1.01B USDFY2025 Net income: 885.0M 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.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

GLOBALFOUNDRIES Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
30.23xFY2025Oct 15, 2026
2.24xFY2025Oct 15, 2026
33.44xFY2025Oct 15, 2026
3.8%FY2025Oct 15, 2026
6.6%FY2025Feb 27, 2026
n/aFY2025Oct 15, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
0.14FY2025Feb 27, 2026
2.62FY2025Feb 27, 2026
3.94xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a The filed income statement reports no earnings per share.
2.92FY2025Oct 15, 2026
-2.21FY2025Feb 27, 2026
7/9FY2025Feb 27, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 7 filed fiscal years on record, FY2019 to FY2025, from SEC EDGAR. 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

8 fiscal years, FY2018 to FY2025. 7 read from the annual reports GLOBALFOUNDRIES Inc filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in USD, as reported.

GLOBALFOUNDRIES Inc: 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
FY20256.79B797.0M885.0Mn/a1.01B11.7%7.4%20-F, Feb 27, 20260001709048-26-000022
FY20246.75B-214.0M-265.0Mn/a1.10B-3.2%-2.5%20-F, Mar 20, 20250001709048-25-000024
FY20237.39B1.13B1.02Bn/a321.0M15.3%9.2%20-F, Apr 29, 20240001709048-24-000013
FY20228.11B1.17B1.45Bn/a-435.0M14.4%14.6%20-F, Apr 14, 20230001709048-23-000013
FY20216.58B-60.0M-250.0Mn/a1.07B-0.9%-3.1%20-F, Mar 31, 20220001709048-22-000008
FY20204.85B-1.66B-1.35Bn/a412.0M-34.1%-18.8%20-F, Mar 31, 20220001709048-22-000008
FY20195.81B-1.62B-1.37Bn/a-91.1M-27.9%-15.2%20-F, Mar 31, 20220001709048-22-000008
FY20186.20B-2.52B-2.70B-5.08-1.05B-40.7%n/aMarket data, supplied Mar 8, 2026accession n/a
  • Revenue, compound annual growth FY2018 to FY2025: 1.3%
  • Earnings: Earnings was not positive in both 2018 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Fewer than two filed years carry earnings per share.
  • Free cash flow: Free cash flow was not positive in both 2018 and 2025, so a compound rate across the window is not defined. Both figures are in the table.

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

GLOBALFOUNDRIES Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.21 ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Piotroski F-score7/9 ComputedFY2025 20-F, filed Feb 27, 2026, 0001709048-26-000022
Named tests met0 of 30 Computed
Beta1.72 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; ROIC at or above WACC; Near the 52-week low; Z-score and coverage (Edward Altman); 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); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); Cash-covered dividend. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(10)
  • Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
  • 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.
  • 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.
  • Share Count Change Yoy: We do not hold this figure for this company, so there is nothing to show.
  • Price To Ncav: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: 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: The stored figure is a zero that can stand for data we do not hold, so this test is not measured.

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

  • 10 figures could not be read on this company, among them Positive Earnings Streak, PEG Ratio, Eps Growth 5Y. 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 7 filed fiscal years rather than 10, 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 accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. 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.

Margin Notes

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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