Photronics Inc
Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates. The company also… Read more
Photronics Inc (PLAB) - Net Assets
Latest net assets as of January 2026: $1.65 Billion USD
Based on the latest financial reports, Photronics Inc (PLAB) has net assets worth $1.65 Billion USD as of January 2026.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.90 Billion) and total liabilities ($251.50 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.65 Billion |
| % of Total Assets | 86.77% |
| Annual Growth Rate | 16.9% |
| 5-Year Change | 59.64% |
| 10-Year Change | 93.5% |
| Growth Volatility | 35.25 |
Photronics Inc - Net Assets Trend (1985–2025)
This chart illustrates how Photronics Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Photronics Inc (1985–2025)
The table below shows the annual net assets of Photronics Inc from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | $1.60 Billion | +7.87% |
| 2024-10-31 | $1.48 Billion | +16.08% |
| 2023-10-31 | $1.28 Billion | +20.10% |
| 2022-10-31 | $1.06 Billion | +6.15% |
| 2021-10-31 | $1.00 Billion | +3.98% |
| 2020-10-31 | $962.27 Million | +5.62% |
| 2019-10-31 | $911.09 Million | +0.72% |
| 2018-10-31 | $904.57 Million | +4.54% |
| 2017-10-31 | $865.29 Million | +4.82% |
| 2016-10-31 | $825.47 Million | +8.32% |
| 2015-10-31 | $762.07 Million | +3.05% |
| 2014-10-31 | $739.49 Million | +25.80% |
| 2013-10-31 | $587.83 Million | +0.31% |
| 2012-10-31 | $586.00 Million | +4.69% |
| 2011-10-31 | $559.76 Million | +12.87% |
| 2010-10-31 | $495.94 Million | +10.28% |
| 2009-10-31 | $449.70 Million | +4.00% |
| 2008-10-31 | $432.40 Million | -38.56% |
| 2007-10-31 | $703.75 Million | +6.58% |
| 2006-10-31 | $660.28 Million | +8.65% |
| 2005-10-31 | $607.69 Million | +46.72% |
| 2004-10-31 | $414.20 Million | +14.69% |
| 2003-10-31 | $361.14 Million | -5.97% |
| 2002-10-31 | $384.09 Million | +15.63% |
| 2001-10-31 | $332.17 Million | +3.45% |
| 2000-10-31 | $321.11 Million | +54.60% |
| 1999-10-31 | $207.70 Million | +3.64% |
| 1998-10-31 | $200.40 Million | +7.74% |
| 1997-10-31 | $186.00 Million | +18.93% |
| 1996-10-31 | $156.40 Million | +16.72% |
| 1995-10-31 | $134.00 Million | +66.67% |
| 1994-10-31 | $80.40 Million | +28.43% |
| 1993-10-31 | $62.60 Million | +42.27% |
| 1992-10-31 | $44.00 Million | +11.68% |
| 1991-10-31 | $39.40 Million | +75.11% |
| 1990-10-31 | $22.50 Million | +155.68% |
| 1989-10-31 | $8.80 Million | +10.00% |
| 1988-10-31 | $8.00 Million | -19.19% |
| 1987-10-31 | $9.90 Million | +135.71% |
| 1986-10-31 | $4.20 Million | +35.48% |
| 1985-10-31 | $3.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Photronics Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 25640.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $772.20 Million | 65.80% |
| Common Stock | $576.00K | 0.05% |
| Other Comprehensive Income | $-86.12 Million | -7.34% |
| Other Components | $486.93 Million | 41.49% |
| Total Equity | $1.17 Billion | 100.00% |
Photronics Inc Competitors by Market Cap
The table below lists competitors of Photronics Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Joulwatt Technology Co. Ltd. A
SHG:688141
|
$1.93 Billion |
|
Reliance Worldwide Corporation Limited
PINK:RLLWF
|
$1.93 Billion |
|
ePlus inc
NASDAQ:PLUS
|
$1.94 Billion |
|
Delek US Holdings Inc
F:DEH
|
$1.94 Billion |
|
JB Chemicals & Pharmaceuticals Limited
NSE:JBCHEPHARM
|
$1.93 Billion |
|
Disc Medicine Inc.
NASDAQ:IRON
|
$1.93 Billion |
|
Changzhou Fusion New Material Co. Ltd. A
SHG:688503
|
$1.93 Billion |
|
Dynex Capital Inc
NYSE:DX
|
$1.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Photronics Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,120,864,000 to 1,173,589,000, a change of 52,725,000 (4.7%).
- Net income of 136,405,000 contributed positively to equity growth.
- Share repurchases of 97,422,000 reduced equity.
- Other comprehensive income increased equity by 199,000.
- Other factors increased equity by 13,543,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $136.41 Million | +11.62% |
| Share Repurchases | $97.42 Million | -8.3% |
| Other Comprehensive Income | $199.00K | +0.02% |
| Other Changes | $13.54 Million | +1.15% |
| Total Change | $- | 4.70% |
Book Value vs Market Value Analysis
This analysis compares Photronics Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.77x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 82.04x to 1.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-10-31 | $0.42 | $34.68 | x |
| 1986-10-31 | $0.56 | $34.68 | x |
| 1987-10-31 | $1.15 | $34.68 | x |
| 1988-10-31 | $0.85 | $34.68 | x |
| 1989-10-31 | $0.88 | $34.68 | x |
| 1990-10-31 | $1.97 | $34.68 | x |
| 1991-10-31 | $2.61 | $34.68 | x |
| 1992-10-31 | $2.80 | $34.68 | x |
| 1993-10-31 | $3.83 | $34.68 | x |
| 1994-10-31 | $4.14 | $34.68 | x |
| 1995-10-31 | $5.98 | $34.68 | x |
| 1996-10-31 | $6.46 | $34.68 | x |
| 1997-10-31 | $7.48 | $34.68 | x |
| 1998-10-31 | $6.06 | $34.68 | x |
| 1999-10-31 | $7.39 | $34.68 | x |
| 2000-10-31 | $9.85 | $34.68 | x |
| 2001-10-31 | $9.60 | $34.68 | x |
| 2002-10-31 | $10.84 | $34.68 | x |
| 2003-10-31 | $9.59 | $34.68 | x |
| 2004-10-31 | $8.25 | $34.68 | x |
| 2005-10-31 | $12.42 | $34.68 | x |
| 2006-10-31 | $12.03 | $34.68 | x |
| 2007-10-31 | $12.76 | $34.68 | x |
| 2008-10-31 | $9.19 | $34.68 | x |
| 2009-10-31 | $9.25 | $34.68 | x |
| 2010-10-31 | $6.71 | $34.68 | x |
| 2011-10-31 | $8.74 | $34.68 | x |
| 2012-10-31 | $7.66 | $34.68 | x |
| 2013-10-31 | $9.54 | $34.68 | x |
| 2014-10-31 | $9.42 | $34.68 | x |
| 2015-10-31 | $8.25 | $34.68 | x |
| 2016-10-31 | $9.30 | $34.68 | x |
| 2017-10-31 | $10.75 | $34.68 | x |
| 2018-10-31 | $10.15 | $34.68 | x |
| 2019-10-31 | $11.13 | $34.68 | x |
| 2020-10-31 | $12.30 | $34.68 | x |
| 2021-10-31 | $13.29 | $34.68 | x |
| 2022-10-31 | $13.59 | $34.68 | x |
| 2023-10-31 | $15.79 | $34.68 | x |
| 2024-10-31 | $17.97 | $34.68 | x |
| 2025-10-31 | $19.59 | $34.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Photronics Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.62%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.06%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.54x
- Recent ROE (11.62%) is above the historical average (5.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 35.48% | 11.22% | 0.84x | 3.74x | $790.00K |
| 1986 | 28.57% | 10.08% | 0.99x | 2.86x | $780.00K |
| 1987 | 6.06% | 4.32% | 0.79x | 1.79x | $-390.00K |
| 1988 | -21.25% | -9.04% | 0.97x | 2.43x | $-2.50 Million |
| 1989 | 10.23% | 3.25% | 1.28x | 2.47x | $20.00K |
| 1990 | 17.78% | 10.70% | 1.15x | 1.45x | $1.75 Million |
| 1991 | 17.26% | 16.11% | 0.88x | 1.22x | $2.86 Million |
| 1992 | 10.00% | 10.65% | 0.79x | 1.18x | $0.00 |
| 1993 | 7.83% | 10.12% | 0.65x | 1.19x | $-1.36 Million |
| 1994 | 12.81% | 12.76% | 0.82x | 1.22x | $2.26 Million |
| 1995 | 13.88% | 14.84% | 0.72x | 1.30x | $5.20 Million |
| 1996 | 13.43% | 13.12% | 0.76x | 1.35x | $5.36 Million |
| 1997 | 13.76% | 12.96% | 0.54x | 1.96x | $7.00 Million |
| 1998 | 10.23% | 9.21% | 0.60x | 1.85x | $460.00K |
| 1999 | 5.15% | 4.78% | 0.55x | 1.98x | $-10.07 Million |
| 2000 | 3.46% | 3.07% | 0.54x | 2.07x | $-19.22 Million |
| 2001 | -1.40% | -1.07% | 0.56x | 2.35x | $-32.74 Million |
| 2002 | -1.43% | -1.26% | 0.46x | 2.45x | $-38.77 Million |
| 2003 | -15.62% | -13.80% | 0.40x | 2.81x | $-78.99 Million |
| 2004 | 7.00% | 6.19% | 0.45x | 2.50x | $-10.48 Million |
| 2005 | 6.88% | 8.77% | 0.47x | 1.68x | $-17.53 Million |
| 2006 | 4.78% | 6.45% | 0.44x | 1.70x | $-32.10 Million |
| 2007 | 3.75% | 5.82% | 0.40x | 1.62x | $-40.91 Million |
| 2008 | -55.06% | -49.88% | 0.56x | 1.98x | $-249.04 Million |
| 2009 | -10.48% | -11.60% | 0.54x | 1.66x | $-81.89 Million |
| 2010 | 5.41% | 5.62% | 0.60x | 1.59x | $-20.26 Million |
| 2011 | 3.18% | 3.17% | 0.63x | 1.60x | $-34.88 Million |
| 2012 | 4.76% | 6.19% | 0.53x | 1.45x | $-30.73 Million |
| 2013 | 3.06% | 4.26% | 0.48x | 1.51x | $-40.82 Million |
| 2014 | 4.14% | 5.71% | 0.44x | 1.64x | $-36.81 Million |
| 2015 | 6.90% | 8.51% | 0.50x | 1.62x | $-20.03 Million |
| 2016 | 6.50% | 9.56% | 0.49x | 1.39x | $-24.84 Million |
| 2017 | 1.76% | 2.91% | 0.44x | 1.37x | $-61.33 Million |
| 2018 | 5.54% | 7.86% | 0.48x | 1.46x | $-33.91 Million |
| 2019 | 5.26% | 7.35% | 0.49x | 1.45x | $-36.50 Million |
| 2020 | 4.20% | 5.55% | 0.51x | 1.48x | $-46.68 Million |
| 2021 | 6.73% | 8.35% | 0.51x | 1.57x | $-26.92 Million |
| 2022 | 14.29% | 14.41% | 0.63x | 1.58x | $35.63 Million |
| 2023 | 12.87% | 14.07% | 0.58x | 1.57x | $27.98 Million |
| 2024 | 11.66% | 15.07% | 0.51x | 1.53x | $18.60 Million |
| 2025 | 11.62% | 16.06% | 0.47x | 1.54x | $19.05 Million |
Industry Comparison
This section compares Photronics Inc's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $15,545,560,602
- Average return on equity (ROE) among peers: 11.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Photronics Inc (PLAB) | $1.65 Billion | 35.48% | 0.15x | $1.93 Billion |
| Axcelis Technologies Inc (ACLS) | $205.57 Million | -8.55% | 0.37x | $2.62 Billion |
| Acm Research Inc (ACMR) | $2.48 Million | 41.49% | 16.89x | $2.51 Billion |
| Advantest Corporation (ADTTF) | $140.94 Billion | 9.19% | 0.94x | $27.29 Billion |
| Aehr Test Systems (AEHR) | $11.28 Million | -4.26% | 0.28x | $1.01 Billion |
| AEM Holdings Ltd. (AEMFF) | $211.43 Million | 46.16% | 0.59x | $164.30 Million |
| AIXTRON SE (AIXXF) | $910.07 Million | 9.37% | 0.14x | $996.24 Million |
| Applied Materials Inc (AMAT) | $254.40 Million | 20.24% | 0.71x | $278.50 Billion |
| Ambarella Inc (AMBA) | $561.41 Million | -20.86% | 0.23x | $2.14 Billion |
| Amkor Technology Inc (AMKR) | $4.00 Billion | 9.01% | 0.69x | $5.65 Billion |
| ASML Holding NV (ASMLF) | $8.37 Billion | 16.95% | 0.56x | $267.08 Billion |