Price to Earnings (P/E)
since 2009
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Broadcom Inc. pages available for free this week:
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Assets
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2009
- Net Profit Margin since 2009
- Return on Equity (ROE) since 2009
- Price to Sales (P/S) since 2009
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Calculation
Broadcom Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to common stock1 (in millions) | ÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 20, 2024 | = | ÷ | = | ÷ | |||||||
| Dec 14, 2023 | = | ÷ | = | ÷ | |||||||
| Dec 16, 2022 | = | ÷ | = | ÷ | |||||||
| Dec 17, 2021 | = | ÷ | = | ÷ | |||||||
| Dec 18, 2020 | = | ÷ | = | ÷ | |||||||
| Dec 20, 2019 | = | ÷ | = | ÷ | |||||||
| Dec 21, 2018 | = | ÷ | = | ÷ | |||||||
| Dec 21, 2017 | = | ÷ | = | ÷ | |||||||
| Dec 23, 2016 | = | ÷ | = | ÷ | |||||||
| Dec 17, 2015 | = | ÷ | = | ÷ | |||||||
| Dec 29, 2014 | = | ÷ | = | ÷ | |||||||
| Dec 20, 2013 | = | ÷ | = | ÷ | |||||||
| Dec 17, 2012 | = | ÷ | = | ÷ | |||||||
| Dec 16, 2011 | = | ÷ | = | ÷ | |||||||
| Dec 15, 2010 | = | ÷ | = | ÷ | |||||||
| Dec 15, 2009 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Broadcom Inc. Annual Report.
- Share price
- The share price exhibited a consistent upward trend over the period analyzed, beginning at $1.67 in late 2009 and reaching $220.79 by the end of 2024. Notably, the increase was gradual in the early years with moderate rises through 2017, after which the growth accelerated significantly. There were some fluctuations, such as a minor decline from $26.15 in late 2017 to $24.49 in 2018, and from $63.50 in 2021 to $55.59 in 2022, but the overall trajectory remained strongly positive.
- Earnings per share (EPS)
- EPS values showed considerable volatility throughout the years. Initially, EPS transitioned from a negative figure of -$0.02 in 2009 to positive but low values ranging from $0.10 to $0.49 through 2014 and 2015, including an abnormal dip to -$0.44 in 2016. From 2017 onwards, EPS increased substantially, peaking at $3.01 in 2018 and again in 2023, though there was a notable drop to $1.26 by the end of 2024. These movements suggest periods of both profitability expansion and contraction.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio displayed wide fluctuations, reflecting changes in stock price relative to earnings. It started at 15.37 in 2010, fluctuated between mid-teens and high twenties until 2015, and then showed some missing data points. From 2017 it experienced spikes, reaching as high as 98.35 in 2014 and peaking at 175.56 in 2024, indicating periods when share prices were potentially high compared to earnings. The P/E ratio also dropped to single digits (8.14 in 2018) when EPS was relatively strong, suggesting that valuation metrics varied significantly with company performance and market sentiment.
- Summary
- Overall, the data indicates that the company's market valuation, as represented by share price, increased substantially over the analyzed period, albeit with some short-term volatility. Earnings per share demonstrated irregular patterns, including negative earnings and sharp increases, which influenced the variability of the P/E ratio. High P/E values in certain years point towards elevated investor expectations or overvaluation relative to earnings, while periods of low P/E coincide with higher earnings relative to share price. The combination of these patterns suggests dynamic market perceptions and operational performance fluctuations over time.
Comparison to Competitors
Broadcom Inc., P/E, long-term trends, comparison to competitors
| Broadcom Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 20, 2024 | |||||||||||
| Dec 14, 2023 | |||||||||||
| Dec 16, 2022 | |||||||||||
| Dec 17, 2021 | |||||||||||
| Dec 18, 2020 | |||||||||||
| Dec 20, 2019 | |||||||||||
| Dec 21, 2018 | |||||||||||
| Dec 21, 2017 | |||||||||||
| Dec 23, 2016 | |||||||||||
| Dec 17, 2015 | |||||||||||
| Dec 29, 2014 | |||||||||||
| Dec 20, 2013 | |||||||||||
| Dec 17, 2012 | |||||||||||
| Dec 16, 2011 | |||||||||||
| Dec 15, 2010 | |||||||||||
| Dec 15, 2009 |
Based on: 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Broadcom Inc., P/E, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Broadcom Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 20, 2024 | ||
| Dec 14, 2023 | ||
| Dec 16, 2022 | ||
| Dec 17, 2021 | ||
| Dec 18, 2020 | ||
| Dec 20, 2019 | ||
| Dec 21, 2018 | ||
| Dec 21, 2017 | ||
| Dec 23, 2016 | ||
| Dec 17, 2015 | ||
| Dec 29, 2014 | ||
| Dec 20, 2013 | ||
| Dec 17, 2012 | ||
| Dec 16, 2011 | ||
| Dec 15, 2010 | ||
| Dec 15, 2009 |
Based on: 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).
Comparison to Industry (Information Technology)
Broadcom Inc., P/E, long-term trends, comparison to industry (information technology)
| Broadcom Inc. | Information Technology | |
|---|---|---|
| Dec 20, 2024 | ||
| Dec 14, 2023 | ||
| Dec 16, 2022 | ||
| Dec 17, 2021 | ||
| Dec 18, 2020 | ||
| Dec 20, 2019 | ||
| Dec 21, 2018 | ||
| Dec 21, 2017 | ||
| Dec 23, 2016 | ||
| Dec 17, 2015 | ||
| Dec 29, 2014 | ||
| Dec 20, 2013 | ||
| Dec 17, 2012 | ||
| Dec 16, 2011 | ||
| Dec 15, 2010 | ||
| Dec 15, 2009 |
Based on: 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).