Stock fact sheet · data as of
Camtek Ltd. (CAMT): fair value, margin of safety and Wheel Score
Technology · Semiconductors · Israel · Speculative / Distressed
Is CAMT undervalued?
At 131.38 (close of 16 Oct 2026), CAMT trades 338% over the GLS average fair value of 30.01, with 0 of 8 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.
There is a wide gap between EPV (8.26) and 10 Cap (60.13). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files CAMT under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for CAMT
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 29.09 | -78% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 15.31 | -88% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 36.92 | -72% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 15.72 | -88% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 18.79 | -86% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 60.13 | -54% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 55.84 | -57% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 8.26 | -94% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 5.45 | -96% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 178.71 | +36% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Camtek Ltd. scores only 3 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. On durability CAMT scores 5.9/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are thin or negative - ROIC 4.5%, ROE 8.2%, ROA 4.0% - with debt at 0.84 times equity and negative free cash flow.
Camtek Ltd. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Sales of products 94%, Service fees 6% (fiscal year FY2025).
Institutional ownership scores 6/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | 4.5% |
|---|---|---|---|
| GLS Moat | 5.9 / 10 | ROE | 8.2% |
| Debt / equity | 0.84 | ROA | 4.0% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 6 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 Camtek Ltd. sits in the Weak band, capped at 45 because the engine files it as Speculative / Distressed. The parts - Value 0/25, Health 7/20, Moat 9/15, Premium 17/20, Stability 16/20 - show where: Value (0/25) scores lowest.
Implied volatility is 73% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (17 of 20) because volatility this high usually comes with a reason. Chain open interest is 47,170 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 1.0M shares a day on a market cap of $6.1B, with a beta of 1.58 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 16 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -338% margin of safety | |
| Health | 7 / 20 | Piotroski 3/9 | |
| Moat | 9 / 15 | moat 5.9/10 | |
| Premium | 17 / 20 | implied volatility 73% | |
| Stability | 16 / 20 | 1.0M shares/day, $6.1B cap, beta 1.58 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 9 Nov 2026 (before the open), 24 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Semiconductors
The 12 companies below are the closest to Camtek Ltd. by market cap within the Semiconductors industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| ALGM Allegro MicroSystems, Inc. | 32.36 | 4.54 | -613% | 52Fair | $6.0B |
| PI Impinj, Inc. | 192.30 | 21.86 | -780% | 40Weak | $5.9B |
| CRUS Cirrus Logic, Inc. | 108.40 | 222.50 | +51% | 92Prime | $5.4B |
| MXL MaxLinear, Inc. | 78.18 | 0.7046 | -10995% | 32Weak | $7.1B |
| SLAB Silicon Laboratories Inc. | 221.09 | 7.51 | -2842% | 39Weak | $7.4B |
| SIMO Silicon Motion Technology Corporation | 223.58 | 708.47 | +68% | 70Good | $7.5B |
| SYNA Synaptics Incorporated | 117.36 | 138.50 | +15% | 45Weak | $4.7B |
| KLIC Kulicke and Soffa Industries, Inc. | 83.05 | 20.15 | -312% | 52Fair | $4.3B |
| FORM FormFactor, Inc. | 113.34 | 32.73 | -246% | 57Fair | $8.9B |
| VSH Vishay Intertechnology, Inc. | 28.89 | 10.38 | -178% | 49Weak | $4.1B |
| DIOD Diodes Incorporated | 85.36 | 51.08 | -67% | 53Fair | $3.9B |
| RMBS Rambus Inc. | 92.11 | 64.60 | -43% | 56Fair | $10.0B |
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Start free See the Sunday ScanQuestions about CAMT
Is CAMT undervalued right now?
No: at 131.38 the stock trades 338% above the GLS average fair value of 30.01 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of CAMT and what does it mean?
CAMT scores 45 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for CAMT?
30.01 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Camtek Ltd. report earnings next?
The next earnings report is due on 9 Nov 2026 (before the open), 24 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does CAMT have listed options, and how liquid are they?
Yes. The nightly snapshot found 486 listed contracts with 47,170 open interest across all expiries and implied volatility of 73% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.