Price to Sales (P/S)
since 2005
Calculation
Analog Devices Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenue1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 25, 2025 | 11.20 | = | 252.02 | ÷ | 22.51 | 22.51 | = | 11,019,707 | ÷ | 489,654,097 | |
| Nov 26, 2024 | 11.53 | = | 219.05 | ÷ | 18.99 | 18.99 | = | 9,427,157 | ÷ | 496,296,854 | |
| Nov 21, 2023 | 7.31 | = | 181.25 | ÷ | 24.80 | 24.80 | = | 12,305,539 | ÷ | 496,261,678 | |
| Nov 22, 2022 | 7.14 | = | 168.43 | ÷ | 23.59 | 23.59 | = | 12,013,953 | ÷ | 509,295,941 | |
| Dec 3, 2021 | 12.98 | = | 180.79 | ÷ | 13.93 | 13.93 | = | 7,318,286 | ÷ | 525,330,672 | |
| Nov 24, 2020 | 9.03 | = | 136.89 | ÷ | 15.16 | 15.16 | = | 5,603,056 | ÷ | 369,484,899 | |
| Nov 26, 2019 | 7.06 | = | 114.89 | ÷ | 16.27 | 16.27 | = | 5,991,065 | ÷ | 368,302,369 | |
| Nov 27, 2018 | 5.35 | = | 89.58 | ÷ | 16.75 | 16.75 | = | 6,200,942 | ÷ | 370,159,553 | |
| Nov 22, 2017 | 6.40 | = | 88.65 | ÷ | 13.86 | 13.86 | = | 5,107,503 | ÷ | 368,635,788 | |
| Nov 22, 2016 | 6.57 | = | 72.89 | ÷ | 11.10 | 11.10 | = | 3,421,409 | ÷ | 308,170,560 | |
| Nov 24, 2015 | 5.49 | = | 60.42 | ÷ | 11.01 | 11.01 | = | 3,435,092 | ÷ | 312,060,682 | |
| Dec 10, 2014 | 6.04 | = | 55.64 | ÷ | 9.21 | 9.21 | = | 2,864,773 | ÷ | 311,204,926 | |
| Nov 26, 2013 | 5.90 | = | 49.92 | ÷ | 8.47 | 8.47 | = | 2,633,689 | ÷ | 311,045,084 | |
| Nov 27, 2012 | 4.48 | = | 40.11 | ÷ | 8.96 | 8.96 | = | 2,701,142 | ÷ | 301,389,176 | |
| Nov 22, 2011 | 3.32 | = | 33.32 | ÷ | 10.05 | 10.05 | = | 2,993,320 | ÷ | 297,960,718 | |
| Nov 22, 2010 | 3.89 | = | 35.96 | ÷ | 9.25 | 9.25 | = | 2,761,503 | ÷ | 298,652,994 | |
| Nov 24, 2009 | 4.31 | = | 29.74 | ÷ | 6.90 | 6.90 | = | 2,014,908 | ÷ | 291,861,767 | |
| Nov 25, 2008 | 1.91 | = | 16.95 | ÷ | 8.87 | 8.87 | = | 2,582,931 | ÷ | 291,193,451 | |
| Nov 30, 2007 | 3.67 | = | 30.78 | ÷ | 8.39 | 8.39 | = | 2,546,117 | ÷ | 303,354,180 | |
| Nov 20, 2006 | 4.48 | = | 33.71 | ÷ | 7.52 | 7.52 | = | 2,573,176 | ÷ | 342,000,004 | |
| Nov 21, 2005 | 5.79 | = | 37.69 | ÷ | 6.51 | 6.51 | = | 2,388,808 | ÷ | 366,831,612 |
Based on: 10-K (reporting date: 2025-11-01), 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.
- Share Price Trends
- The share price exhibited a general upward trajectory over the observed period, beginning at $37.69 in 2005 and reaching $252.02 by 2025. Notable fluctuations include a decline during the financial crisis period with a dip to $16.95 in 2008, followed by a sustained recovery and growth in subsequent years. The share price surpassed the $100 mark around 2019 and experienced significant increases thereafter, peaking above $250 by 2025. The data indicates strong investor confidence and positive market valuation, particularly in the later years.
- Sales Per Share
- Sales per share showed variability with periods of both growth and decline. Initial growth occurred from $6.51 in 2005 to $10.05 in 2011, with some volatility around 2008-2009, coinciding with broader economic challenges. Following 2011, sales per share fluctuated but trended upward, reaching a peak of $24.8 in 2023. Despite a dip in 2024 down to $18.99, sales per share rebounded to $22.51 in 2025. This trend suggests overall sales growth despite intermittent short-term setbacks.
- Price-to-Sales (P/S) Ratio
- The P/S ratio showed considerable fluctuation over the years, reflecting changes in market valuation relative to sales. The ratio initially decreased from 5.79 in 2005 to a low of 1.91 in 2008, reflecting undervaluation during economic downturns. Subsequent years saw a recovery and gradual increase, peaking at 12.98 in 2021, indicative of a strong market premium on sales growth or anticipated future performance. After a reduction in 2022 to 7.14, the ratio stabilized around 11.2 by 2025, signaling sustained investor willingness to pay a premium relative to sales.
- Overall Insights
- The integrated analysis of share price, sales per share, and P/S ratio illustrates a company that has undergone economic cycles including downturns and recoveries, with significant long-term growth. Market confidence, as reflected in share price and P/S ratio, has strengthened considerably in the last decade. Sales per share growth supports the higher valuation, though the P/S ratio fluctuations hint at changing investor sentiments and expectations. The data reflects resilience and improving financial performance with a positive outlook in recent years.
Comparison to Competitors
Analog Devices Inc., P/S, long-term trends, comparison to competitors
| Analog Devices Inc. | Advanced Micro Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 25, 2025 | 11.20 | — | — | — | — | 9.93 | 7.00 | 5.64 | 24.55 | 4.35 | — |
| Nov 26, 2024 | 11.53 | 7.04 | 5.07 | 20.07 | 1.58 | 9.64 | 6.95 | 4.51 | 27.69 | 4.93 | 10.65 |
| Nov 21, 2023 | 7.31 | 11.95 | 5.08 | 14.46 | 3.40 | 6.47 | 4.99 | 4.94 | 21.33 | 3.45 | 8.26 |
| Nov 22, 2022 | 7.14 | 5.38 | 3.43 | 7.00 | 1.85 | 6.09 | 3.68 | 1.87 | 24.67 | 2.85 | 8.25 |
| Dec 3, 2021 | 12.98 | 8.76 | 5.63 | 9.55 | 2.66 | 7.80 | 5.62 | 2.83 | 20.41 | 4.62 | 8.63 |
| Nov 24, 2020 | 9.03 | 10.63 | 4.69 | 7.40 | 2.96 | 5.43 | 5.43 | 2.73 | 17.31 | 6.20 | 10.81 |
| Nov 26, 2019 | 7.06 | 8.59 | 3.75 | 5.62 | 4.07 | 4.74 | 3.10 | 2.15 | 8.05 | 3.98 | 8.54 |
| Nov 27, 2018 | 5.35 | 3.58 | 1.87 | 4.78 | 3.09 | 4.57 | 2.51 | 1.58 | 15.07 | 3.37 | 6.38 |
| Nov 22, 2017 | 6.40 | 2.28 | 3.82 | 6.07 | 3.39 | 4.00 | 3.25 | 2.30 | 8.76 | 3.54 | 6.83 |
| Nov 22, 2016 | 6.57 | 3.08 | 3.29 | 5.48 | 2.90 | 4.06 | 2.46 | 1.44 | 3.55 | 4.21 | 5.77 |
| Nov 24, 2015 | 5.49 | 0.38 | 2.26 | 5.69 | 2.44 | 2.93 | 2.17 | 1.12 | 2.68 | 3.58 | 4.06 |
| Dec 10, 2014 | 6.04 | 0.43 | 3.29 | 6.06 | 2.91 | 4.08 | 2.50 | 2.12 | 2.36 | 4.85 | 4.73 |
| Nov 26, 2013 | 5.90 | 0.51 | 2.66 | 5.11 | 2.34 | 3.41 | 2.10 | 1.94 | 1.84 | 4.74 | 3.95 |
| Nov 27, 2012 | 4.48 | 0.34 | 1.48 | 3.33 | 1.96 | 2.73 | 2.39 | 0.67 | 2.28 | 5.18 | 2.94 |
| Nov 22, 2011 | 3.32 | 0.79 | 1.38 | 3.01 | 2.47 | 1.90 | 1.38 | 0.62 | 2.94 | 5.86 | 2.78 |
| Nov 22, 2010 | 3.89 | 0.97 | 1.86 | 3.05 | 2.79 | 2.98 | 2.18 | 0.91 | 3.00 | 6.72 | 2.99 |
| Nov 24, 2009 | 4.31 | 0.99 | 3.58 | 2.65 | 3.28 | 3.50 | 3.47 | 1.21 | 1.58 | 7.03 | 2.89 |
| Nov 25, 2008 | 1.91 | 0.22 | 1.71 | — | 1.79 | 2.60 | 1.94 | 0.44 | 2.71 | 4.91 | 1.56 |
| Nov 30, 2007 | 3.67 | 0.72 | 2.52 | — | 3.08 | 4.25 | 1.86 | 1.30 | 3.31 | 7.33 | 2.99 |
| Nov 20, 2006 | 4.48 | 1.45 | 2.77 | — | 3.40 | 4.75 | 3.56 | 2.00 | 3.53 | 7.98 | 3.13 |
| Nov 21, 2005 | 5.79 | 3.34 | 4.36 | — | 3.11 | 4.66 | 2.66 | 1.76 | 2.13 | 11.70 | 3.57 |
Based on: 10-K (reporting date: 2025-11-01), 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/S, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Analog Devices Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Nov 25, 2025 | 11.20 | — |
| Nov 26, 2024 | 11.53 | 11.74 |
| Nov 21, 2023 | 7.31 | 8.26 |
| Nov 22, 2022 | 7.14 | 5.82 |
| Dec 3, 2021 | 12.98 | 6.31 |
| Nov 24, 2020 | 9.03 | 5.80 |
| Nov 26, 2019 | 7.06 | 4.72 |
| Nov 27, 2018 | 5.35 | 3.83 |
| Nov 22, 2017 | 6.40 | 4.13 |
| Nov 22, 2016 | 6.57 | 3.59 |
| Nov 24, 2015 | 5.49 | 2.80 |
| Dec 10, 2014 | 6.04 | 3.42 |
| Nov 26, 2013 | 5.90 | 3.00 |
| Nov 27, 2012 | 4.48 | 2.49 |
| Nov 22, 2011 | 3.32 | 2.60 |
| Nov 22, 2010 | 3.89 | 2.91 |
| Nov 24, 2009 | 4.31 | 3.41 |
| Nov 25, 2008 | 1.91 | 2.01 |
| Nov 30, 2007 | 3.67 | 3.17 |
| Nov 20, 2006 | 4.48 | 3.55 |
| Nov 21, 2005 | 5.79 | 3.89 |
Based on: 10-K (reporting date: 2025-11-01), 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)
Analog Devices Inc., P/S, long-term trends, comparison to industry (information technology)
| Analog Devices Inc. | Information Technology | |
|---|---|---|
| Nov 25, 2025 | 11.20 | — |
| Nov 26, 2024 | 11.53 | 9.34 |
| Nov 21, 2023 | 7.31 | 7.33 |
| Nov 22, 2022 | 7.14 | 6.01 |
| Dec 3, 2021 | 12.98 | 7.00 |
| Nov 24, 2020 | 9.03 | 6.13 |
| Nov 26, 2019 | 7.06 | 4.62 |
| Nov 27, 2018 | 5.35 | 4.31 |
| Nov 22, 2017 | 6.40 | 4.19 |
| Nov 22, 2016 | 6.57 | 3.47 |
| Nov 24, 2015 | 5.49 | 3.04 |
| Dec 10, 2014 | 6.04 | 3.32 |
| Nov 26, 2013 | 5.90 | 2.86 |
| Nov 27, 2012 | 4.48 | 2.89 |
| Nov 22, 2011 | 3.32 | 2.84 |
| Nov 22, 2010 | 3.89 | 3.03 |
| Nov 24, 2009 | 4.31 | 3.12 |
| Nov 25, 2008 | 1.91 | 2.39 |
| Nov 30, 2007 | 3.67 | 5.74 |
| Nov 20, 2006 | 4.48 | 5.19 |
| Nov 21, 2005 | 5.79 | 5.61 |
Based on: 10-K (reporting date: 2025-11-01), 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).