Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

$24.99

Price to Earnings (P/E)
since 2005

Microsoft Excel

Calculation

Intel Corp., P/E, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Intel Corp. Annual Report.


The price-to-earnings (P/E) ratio exhibited considerable fluctuation between 2006 and 2025. Initial values indicated a moderate valuation, followed by periods of both expansion and contraction. A general observation is that the P/E ratio appears sensitive to changes in both share price and earnings per share (EPS).

Early Period (2006-2008)
The P/E ratio began at 13.93 in 2006, increased to a peak of 23.84 in 2007, and then decreased to 16.91 in 2008. This period reflects a relatively volatile valuation, potentially influenced by market conditions and investor sentiment. The increase in 2007 coincided with a lower EPS, driving the ratio higher, while the decrease in 2008 occurred alongside a slight increase in EPS.
Financial Crisis & Recovery (2009-2011)
The P/E ratio experienced a decline to 12.70 in 2009, likely reflecting the impact of the global financial crisis on market valuations. A subsequent increase to 26.39 in 2010 was notable, driven by a substantial decrease in EPS. The ratio then decreased significantly to 10.60 in 2011, coinciding with a substantial increase in EPS.
Moderate Fluctuations (2012-2015)
From 2012 through 2015, the P/E ratio remained relatively stable, fluctuating between approximately 9.48 and 13.90. This period suggests a more consistent valuation, with moderate changes in both share price and EPS. The ratio remained within a narrow band, indicating a period of relative equilibrium.
Recent Volatility (2016-2025)
The P/E ratio demonstrated increased volatility in more recent years. It rose to 16.72 in 2016, peaked at 22.15 in 2018, and then decreased to 10.41 in 2019. A significant spike to 109.27 occurred in 2023, coinciding with a substantial decrease in EPS. The final reported value for 2024 is 19.43, and a value for 2025 is not available. The large increase in 2023 suggests a potentially overvalued stock or a significant decline in earnings, requiring further investigation. The negative EPS values in 2025 resulted in an undefined P/E ratio.

Overall, the P/E ratio demonstrates a lack of consistent trend. It appears to be more reactive to changes in EPS than share price, particularly in periods of significant earnings fluctuations. The substantial increase in the ratio in 2023 warrants further scrutiny to determine the underlying causes and potential implications for future performance.


Comparison to Competitors

Intel Corp., P/E, long-term trends, comparison to competitors

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Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Intel Corp., P/E, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Information Technology)