Stock Analysis on Net

Analog Devices Inc. (NASDAQ:ADI)

$24.99

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

Analog Devices Inc., P/E, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Analog Devices Inc. Annual Report.


The financial data over the indicated periods reveals several key trends in the share price, earnings per share (EPS), and price-to-earnings (P/E) ratio.

Share Price
The share price exhibited significant volatility with an initial decline from $37.69 in late 2005 to a low of $16.95 in late 2008. Subsequently, there was a general upward trend, reaching a peak of $219.05 by the end of 2024. This represents a substantial long-term appreciation in value, notwithstanding some intermittent fluctuations such as the decline from $180.79 in 2021 to $168.43 in 2022, before rising again.
Earnings Per Share (EPS)
The EPS showed notable variations without a consistent trend throughout the period. Early years saw EPS increasing from $1.13 in 2005 to a peak of $2.7 in 2008, followed by a sharp decline to $0.85 in 2009. Earnings recovered thereafter with fluctuations, peaking again at $6.68 in 2022, but then significantly dropping to $3.29 by 2024. This volatility suggests varying operational performance and profitability challenges in certain years.
Price-to-Earnings (P/E) Ratio
The P/E ratio moved considerably, reflecting both changes in share price and EPS. Initially high at 33.33 in 2005, it decreased to its lowest point at 6.28 in 2008, indicating the market priced shares relatively low compared to earnings at that time. Following this period, the P/E ratio generally increased with marked spikes, notably reaching 68.48 in 2024. Elevated P/E ratios in recent years suggest higher market expectations for future growth, or possibly overvaluation relative to earnings.

Overall, the data indicates a company whose market valuation has grown substantially over the long term, albeit accompanied by fluctuations in profitability metrics and valuation multiples. The significant rise in share price contrasts with the irregular EPS performance, while the P/E ratio indicates shifting investor sentiment and changing outlooks on the company's growth prospects.


Comparison to Competitors

Analog Devices Inc., P/E, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Analog Devices Inc., P/E, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2024-11-02), 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03), 10-K (reporting date: 2017-10-28), 10-K (reporting date: 2016-10-29), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-11-01), 10-K (reporting date: 2013-11-02), 10-K (reporting date: 2012-11-03), 10-K (reporting date: 2011-10-29), 10-K (reporting date: 2010-10-30), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-11-01), 10-K (reporting date: 2007-11-03), 10-K (reporting date: 2006-10-28), 10-K (reporting date: 2005-10-29).


Comparison to Industry (Information Technology)