inTEST Corporation (INTT) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-43.7%

$7.92

vs $14.07 price

Levered DCF

$7.69

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

4.34

Safe zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-35.57×	35.79×	16.59×	13.04×	18.17×	-74.34×	27.05×	21.14×
P/B	0.88×	1.05×	1.62×	1.69×	2.43×	1.49×	1.38×	1.48×
P/S	0.8×	0.8×	1.26×	0.94×	1.57×	1.24×	1.02×	0.81×
EV / EBITDA	23.34×	11.41×	7.8×	7.67×	11.91×	19.6×	10.21×	3.27×
Gross margin	43.0%	42.4%	46.2%	45.7%	48.6%	44.8%	48.2%	50.2%
Operating margin	-3.3%	2.6%	8.5%	9.2%	10.0%	-2.3%	-1.1%	6.6%
Net margin	-2.2%	2.2%	7.6%	7.2%	8.6%	-1.7%	3.8%	3.9%
Current ratio	2.2×	2.47×	3.53×	2.23×	2.08×	3.04×	2.98×	1.66×
Debt / equity	0.16×	0.26×	0.18×	0.35×	0.49×	0.16×	0.11×	0×
Interest coverage	-8.28×	4.01×	15.37×	16.88×	95.04×	0×	0×	37.81×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-2.4%	2.9%	9.7%	13.0%	13.3%	-2.0%	5.2%	7.1%
Return on invested capital	-2.4%	2.2%	7.6%	10.1%	8.7%	-1.6%	-1.1%	6.8%
Return on assets	-1.7%	1.9%	6.9%	7.7%	7.0%	-1.4%	3.9%	4.5%
Free cash flow yield	6.2%	2.4%	9.6%	-2.5%	7.4%	3.9%	-14.6%	13.8%
Earnings yield	-2.8%	2.8%	6.0%	7.7%	5.5%	-1.3%	3.8%	4.8%
Enterprise value	$93.9M	$110.6M	$128.1M	$119M	$138.6M	$63.6M	$59.2M	$45.6M
Net debt / EBITDA	0.68×	0.64×	-1.69×	0.58×	0.47×	-0.93×	-0.43×	-1.28×
Cash conversion cycle (days)	198	174	134	154	143	119	116	93