Harmonic Inc. Ratios | P/E, ROE & Valuation

On the Key Ratios page for Harmonic Inc. (HLIT), the latest P/E of -25.7 frames valuation, while ROE -12.23% and ROIC 6.80% indicates profitability and capital efficiency. Together with the current ratio of 3.05 and debt-to-equity 0.36, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

HLIT Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$4.56$5.90$5.44$5.95$5.00$3.91$4.50$4.71$4.42$5.22
Net Income per Share$-0.43$0.34$0.75$0.27$0.13$-0.30$-0.07$-0.25$-1.02$-0.93
Operating Cash Flow per Share$0.57$0.54$0.06$0.05$0.40$0.40$0.35$0.14$0.04$0.01
Free Cash Flow per Share$0.50$0.46$-0.01$-0.04$0.28$0.07$0.23$0.06$-0.10$-0.19
Cash per Share$2.13$0.88$0.75$0.85$1.31$1.02$1.04$0.77$0.70$0.81
Book Value per Share$3.32$4.04$3.91$3.09$2.92$2.66$2.85$2.67$2.70$3.48
Tangible Book Value per Share$2.75$1.98$1.77$0.83$0.56$0.15$0.12$-0.29$-0.57$0.05
Interest Debt per Share$1.23$1.35$1.42$1.58$1.98$2.02$1.80$1.71$1.76$1.74
CAPEX per Share$0.08$0.08$0.08$0.09$0.13$0.33$0.12$0.08$0.14$0.19

HLIT Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)-25.6838.8417.3348.8490.04-24.48-117.94-19.21-4.1-5.37
Price to Book (P/B)3.223.273.334.244.022.772.741.771.561.44
Price to Sales (P/S)2.352.242.392.22.351.891.7310.950.96
Enterprise Value to EBITDA15.6520.2844.8123.4838.42803.5620.2829.94-8.18-12.65
EV to Sales2.152.312.512.322.472.121.871.171.161.13
EV to Operating Cash Flow17.0825.35216.42264.3830.4820.524.1238.49135.371044.15
EV to Free Cash Flow19.7429.77-1078.89-383.6144.58115.373690.23-49.76-31.18
Enterprise Value$1.06B$1.57B$1.53B$1.45B$1.25B$802.76M$754.86M$472.78M$414.76M$457.34M

HLIT Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)-12.23%8.43%19.23%8.68%4.47%-11.33%-2.32%-9.22%-37.99%-26.72%
Return on Invested Capital (ROIC)6.80%6.66%15.63%5.64%5.42%-3.00%2.36%-1.61%-18.58%-14.47%
Return on Tangible Assets-8.25%7.01%15.88%5.97%2.92%-8.43%-1.73%-8.17%-34.00%-25.15%
Earnings Yield-4.06%2.57%5.77%2.05%1.11%-4.08%-0.85%-5.21%-24.39%-18.61%
Free Cash Flow Yield4.62%3.46%-0.10%-0.27%2.35%0.97%3.00%1.30%-2.45%-3.78%
Dividend Yield0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

HLIT Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio3.052.181.211.071.441.621.691.441.211.5
Interest Coverage15.78.628.229.031.77-1.081.12-0.44-6.4-6.31
Income Quality-1.391.580.080.193.09-1.34-5.28-0.58-0.04-0.01
Debt to Equity0.360.320.360.50.640.720.590.590.60.46
Debt to Assets20.57%18.62%20.31%22.64%27.42%31.24%25.41%26.36%25.92%22.46%
Net Debt to EBITDA-1.50.612.111.151.7486.231.514.35-1.47-1.9

HLIT Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover5.513.724.165.485.254.983.934.345.134.68
Payables Turnover6.228.877.664.583.847.814.395.755.697.1
Inventory Turnover3.684.893.522.563.485.256.197.587.254.98
Days Sales Outstanding66.1998.0487.8466.5969.5573.2592.8484.0571.1678.02
Days Payables Outstanding58.6441.1347.6579.6695.0546.7483.0763.4464.1451.4
Days of Inventory on Hand99.2874.68103.78142.83105.0369.5558.9448.1550.3273.29

HLIT Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA15.6520.2844.8123.4838.42803.5620.2829.94-8.18-12.65
Market Cap$1.17B$1.52B$1.46B$1.38B$1.19B$716.62M$698.68M$404.10M$340.09M$388.52M
Enterprise Value$1.06B$1.57B$1.53B$1.45B$1.25B$802.76M$754.86M$472.78M$414.76M$457.34M
Dividend Yield0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Payout Ratio0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

How does Harmonic Inc.’s P/E ratio compare with its history?

On this page, HLIT's current P/E is -25.7, compared with a multi-year average around 48.8. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is Harmonic Inc. market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $1.17B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Harmonic Inc.’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Harmonic Inc.'s own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Harmonic Inc. compare to its competitors in key financial ratios?

The fastest way to compare Harmonic Inc. with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Harmonic Inc. outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Harmonic Inc.'s liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Harmonic Inc. is financially strong. Current ratio is about 3.05, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 15.70, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.36, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Harmonic Inc.'s financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Harmonic Inc. is sustaining strong returns (for example ROE at -12.23% and ROIC at 6.80%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.