Calculated
DCF
Free cash flow, growth, discount rate, and terminal growth form an intrinsic value range.
44.60 USD76.26 USD103.79 USD
76.26 USDThis model is a limited scenario reference for this sector.
R
TechnologySemiconductorsUnited States
Rambus Inc. (RMBS) Valuation Assumptions
Review Rambus Inc. (RMBS) valuation assumptions across intrinsic value, DCF, reverse DCF implied growth, EV/EBITDA, P/FCF, and financial trends.
NMS · US · USD
Latest price129.25 USD
30D+29.69%
Price vs model median+431%Model median is the median base output from applicable absolute models, excluding Reverse DCF.
Quick answer
What growth is the market currently pricing into RMBS?
At 129.25 USD, TickerVal's reverse DCF setup implies roughly 23.0% annual FCF growth for 10 years for RMBS, using the current normalized FCF base, a 9.5% discount rate, and 3.0% terminal growth. The rest of the page shows valuation assumptions, model differences, and source-data context for research reference.
What price implies
What does the current price imply?
At 129.25 USD, the model implies roughly 22.98% annual FCF growth for 10 years, with required long-term operating margin near 31.44% and terminal growth around 3%. This module is a research reference.
Implied FCF CAGR22.98%
10-year Reverse DCF scenario
Required long-term operating margin31.44%
Five-year median × 0.95
Implied terminal growth3%
From current model assumptions
Discount rate assumption9.5%
Estimated from current sector rules
Adjust assumptions+
Adjust assumptions
Move assumptions to see how the current price implied conditions change.
Forecast horizon10Y
Historical implied expectations
How does today's implied growth compare with history?
Calculated from selected historical prices and current normalized FCF assumptions, not a full point-in-time backtest.
Current implied FCF CAGR23%
5Y monthly median10.97%
Current vs 5Y median+12.03 pts
Showing 8 of 13 report price anchors
| Report price anchor | Price date | Anchor price | Implied FCF CAGR |
|---|---|---|---|
| Q1-2026 | 2026/03/31 | 86.03 USD | 17.47% |
| FY2025 | 2025/12/31 | 91.89 USD | 18.36% |
| Q1-2026 | 2025/12/31 | 91.89 USD | 18.36% |
| Q3-2025 | 2025/09/30 | 104.20 USD | 20.05% |
| Q2-2025 | 2025/06/30 | 64.02 USD | 13.52% |
| Q1-2026 | 2025/03/31 | 51.78 USD | 10.7% |
| FY2024 | 2024/12/31 | 52.86 USD | 10.97% |
| Q3-2025 | 2024/12/31 | 52.86 USD | 10.97% |
202621.25%
Avg 20.51% · Samples 5
202514.47%
Avg 14.83% · Samples 12
202411.51%
Avg 11.29% · Samples 12
202311.77%
Avg 11.59% · Samples 12
Historical valuation multiples
How have EV/EBITDA and P/FCF changed over the last 5 years?
Annual fiscal-period anchored: month-end prices are paired with the most recent annual fiscal period ending on or before each date, covering the last 5 years (61 monthly samples). Multiples are research references; financial-sector or otherwise non-comparable companies require sector-specific context.
P/E
Market cap divided by reported net income (annual fiscal-period snapshot).
61.26x
Near median · P63
Current5Y medianTypical range IQR
5Y median44.78x
Current61.26x · P63
5Y low 14.02xCurrent vs median+36.81%5Y high 240x
IQR 24.47–157x · 42 monthly samples
P/FCF
Market cap divided by reported free cash flow.
42.38x
Above history · P93
Current5Y medianTypical range IQR
5Y median28.74x
Current42.38x · P93
5Y low 12.63xCurrent vs median+47.45%5Y high 56.84x
IQR 17.72–35.09x · 61 monthly samples
EV/EBITDA
Enterprise value (market cap + debt − cash) divided by EBITDA.
51.3x
Near median · P53
Current5Y medianTypical range IQR
5Y median46.31x
Current51.3x · P53
5Y low 24.13xCurrent vs median+10.78%5Y high 94.98x
IQR 33.96–61.73x · 54 monthly samples
Month-end historical multiples
A date-friendly view for historical EV/EBITDA, P/FCF, and P/E queries.
Showing 8 of 61 month-end samples
| Month-end | Price | P/E | P/FCF | EV/EBITDA | Fiscal period used |
|---|---|---|---|---|---|
| 2026-05-08 | 129.25 USD | 61.26x | 42.38x | 51.3x | 2025-12-31 |
| 2026-04-30 | 115.11 USD | 54.56x | 37.74x | 45.63x | 2025-12-31 |
| 2026-03-31 | 86.03 USD | 40.78x | 28.21x | 33.95x | 2025-12-31 |
| 2026-02-27 | 99.66 USD | 47.24x | 32.67x | 39.42x | 2025-12-31 |
| 2026-01-30 | 113.83 USD | 53.96x | 37.32x | 45.11x | 2025-12-31 |
| 2025-12-31 | 91.89 USD | 43.56x | 30.13x | 36.3x | 2025-12-31 |
| 2025-11-28 | 95.57 USD | 57.95x | 52.13x | 53.61x | 2024-12-31 |
| 2025-10-31 | 102.84 USD | 62.36x | 56.1x | 57.72x | 2024-12-31 |
Valuation overview
How do the valuation assumptions fit together?
Rambus Inc. (RMBS) valuation on TickerVal is designed to help readers understand the operating expectations embedded in the current market price. At 129.25 USD, the page brings intrinsic value analysis, DCF outputs, reverse DCF implied growth, EV/EBITDA, P/FCF, and valuation assumptions into one research view within the Technology sector and the Semiconductors industry. Instead of treating one model as a final answer, TickerVal compares cash-flow, earnings-power, balance-sheet, and relative-multiple lenses so the differences between models are visible. The reverse DCF view currently shows implied growth of 23.0%, while the model median reference sits at +431% versus the current price. The DCF and reverse DCF sections focus on free cash flow, discount rate, terminal growth, and the long-term growth path implied by the current price. EV/EBITDA and P/FCF provide additional context for capital structure and cash-flow multiples. The financial trends section connects those valuation assumptions back to reported revenue of 708M USD, free cash flow of 333M USD, margins, and balance-sheet facts from public filings. Readers can use the layout to compare assumptions across models before reviewing the underlying source data. This page is intended for transparent research reference, model review, and assumption checking.
Valuation model range vs. current price
Each row shows a model output range, with a vertical line for the current price.
DCFCalculated · Limited reference
44.60 USD-103.79 USD
Earnings Power ValueCalculated
16.59 USD-16.59 USD
Graham NumberCalculated · Limited reference
24.35 USD-24.35 USD
Owner EarningsCalculated
44.52 USD-92.96 USD
Current price reference line
Why do valuation models give different answers?
Different models rely on different financial facts. The status blocks show which lenses fit this page data.
| Model | Fit | Context |
|---|---|---|
| DCF | Limited | Latest FCF is an outlier, so DCF is a limited scenario reference. |
| Owner Earnings | Suitable | Useful when net income, D&A, and capex support owner-earnings scenarios. |
| Reverse DCF | Suitable | Shows the FCF growth implied by current price under stated assumptions. |
| Earnings Power Value | Suitable | Useful for mature operating profit, with limited emphasis on growth. |
| Graham Number | Limited | Works best when EPS and book value are both positive. |
| Dividend Discount Model | Not meaningful | Needs explicit dividend history, which is not included in the current version. |
| Net-Net Liquidation Value | Not meaningful | Requires current asset and liability detail beyond the current data set. |
| PEG | Limited | A quick growth multiple lens when EPS history is positive. |
| EV/EBITDA | Limited | Useful for capital structure context when operating profit is available. |
| P/FCF | Limited | A compact free-cash-flow multiple view for positive FCF years. |
| P/B | Limited | More useful for asset-heavy balance sheets than asset-light companies. |
| P/S | Limited | A revenue multiple lens when profit or FCF is not stable. |
| Peer Comparison | Not meaningful | Standardized peer comparisons are not included in the current version. |
Which valuation models are being calculated?
Hover each model row to inspect formulas and inputs.
Current price129.25 USD
Model median reference24.35 USD
Price vs model median+431%
Price date2026/05/08
24.35 USD24.35 USD24.35 USD
+431%
Calculated
Owner Earnings
Uses net income, D&A, and capex as an owner-earnings proxy.
44.52 USD71.56 USD92.96 USD
+80.62%
71.56 USDCurrent price is 80.6% above the base model value.Adjusted reference: 58.30 USD
Calculated
Reverse DCF
Solves the forward FCF growth rate implied by the current price.
Implied growth23.0%
Current price implies roughly 23.0% annualized FCF growth.
23.0%Current price implies roughly 23.0% annualized FCF growth.
Calculated
Earnings Power Value
Estimates earnings power value without assuming growth.
16.59 USD16.59 USD16.59 USD
+679%
16.59 USDCurrent price is 679% above the base model value.
Updated: 2026/05/10
Which financial trends support the assumptions?
Annual financial metrics with switchable views. · Unit: USD
FY2025 · Dec 2025 report14 records
Revenue708M USD
Net income230M USD
Free cash flow333M USD
CapEx27M USD
Operating cash flow360M USD
Valuation basis and non-recurring items
Collapsed by default. Expand to inspect structured one-time items and adjusted figures without making them the primary page focus.
ExpandCollapse
Valuation basis and non-recurring items
Collapsed by default. Expand to inspect structured one-time items and adjusted figures without making them the primary page focus.
A positive amountAfterTax means the item increased reported net income; a negative value means it reduced reported net income. Adjusted net income = reported net income minus total after-tax impact. Valuation defaults to reported figures; adjusted figures are shown to observe one-time-item impact.
| Period | Item | Category | After-tax impact | Confidence |
|---|---|---|---|---|
| 2024/12/31 | Restructuring and merger costs | Restructuring | -4M USD | Medium |
| 2024/12/31 | Special income/charges | Other | 3M USD | Medium |
| 2024/12/31 | Write-off | Impairment | -846K USD | Medium |
| 2023/12/31 | Asset sale gain/loss | Asset sale gain/loss | 19M USD | Medium |
| 2023/12/31 | Business sale gain/loss | Asset sale gain/loss | 72M USD | Medium |
| 2023/12/31 | Restructuring and merger costs | Restructuring | -15M USD | Medium |
| 2023/12/31 | Special income/charges | Other | 49M USD | Medium |
| 2023/12/31 | Write-off | Impairment | -8M USD | Medium |
| 2022/12/31 | Asset sale gain/loss | Asset sale gain/loss | -6M USD | Medium |
| 2022/12/31 | Other special charges | Other | -66M USD | Medium |
| 2022/12/31 | Restructuring and merger costs | Restructuring | -2M USD | Medium |
| 2022/12/31 | Special income/charges | Other | -69M USD | Medium |
| 2021/12/31 | Asset sale gain/loss | Asset sale gain/loss | -124K USD | Medium |
| 2021/12/31 | Restructuring charges | Restructuring | -7M USD | Medium |
| 2020/12/31 | Asset sale gain/loss | Asset sale gain/loss | 61K USD | Medium |
| 2020/12/31 | Restructuring charges | Restructuring | -3M USD | Medium |
Ad placement
Which reported financials feed the models?
Financial DetailsShowing latest 5 / 14
| Period | Type | Revenue | Net Income | Adjusted net income | Free Cash Flow | Diluted EPS | Adjusted EPS |
|---|---|---|---|---|---|---|---|
| 2025/12/31 | Annual | 708M USD | 230M USD | - | 333M USD | 2.11 | - |
| 2024/12/31 | Annual | 557M USD | 180M USD | 182M USD | 200M USD | 1.65 | 1.67 |
| 2023/12/31 | Annual | 461M USD | 334M USD | 217M USD | 173M USD | 3.01 | 1.96 |
| 2022/12/31 | Annual | 455M USD | -14M USD | 128M USD | 213M USD | -0.13 | 1.17 |
| 2021/12/31 | Annual | - | 18M USD | 25M USD | 195M USD | 0.16 | 0.22 |
Where does this data come from?
Open to inspect field-level SEC EDGAR source, filing form, and derived notes.
SEC EDGAR
Where does this data come from?
Open to inspect field-level SEC EDGAR source, filing form, and derived notes.
Frequently asked questions
Quick notes on price-implied expectations, model differences, and source data.
What is Rambus Inc.'s intrinsic value?
Rambus Inc.'s intrinsic value on TickerVal is reviewed through DCF outputs, reverse DCF implied growth, EV/EBITDA, P/FCF, valuation assumptions, and financial trends from public filings.
How is RMBS valued on TickerVal?
TickerVal values RMBS by comparing intrinsic value models, DCF and reverse DCF assumptions, cash-flow multiples, earnings-power references, and reported financial trends.
What does the current stock price imply?
The reverse DCF view estimates the free-cash-flow growth path implied by the current stock price under stated discount-rate and terminal-growth assumptions.
Which valuation models are used?
TickerVal uses DCF, reverse DCF, Owner Earnings, EPV, Graham Number, EV/EBITDA, P/FCF, P/B, P/S, and other model references where the underlying data is available.
Is this investment advice?
No. TickerVal does not provide investment advice, ratings, price targets, or buy/sell recommendations.
Early supporter list
Get notified as TickerVal adds saved assumptions.
Join the research reference list for product updates, model notes, and transparent assumption workflows.
Ad placement