Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
Intel Corp., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
The financial ratios exhibit notable fluctuations over the quarters, reflecting changing market perceptions and company performance relative to earnings, operating profit, sales, and book value.
- Price to Earnings (P/E) Ratio
- The P/E ratio is available from March 27, 2021 onward, initially showing moderate values around 11 to 9 from early 2021 through late 2021. It then declined to a low near 7.24 in April 2022, indicating potentially improved earnings or lowered price expectations. However, from late 2022, the ratio rose significantly, peaking at an unusually high 109.27 in early 2024, with further elevated values thereafter though with some volatility. This suggests market valuation became highly stretched relative to earnings in that later period, possibly due to investor optimism or temporarily depressed earnings.
- Price to Operating Profit (P/OP) Ratio
- The P/OP ratio shows a somewhat similar pattern to the P/E ratio but with generally higher values. Starting near 9.72 in March 2021, it fluctuates within a moderate range up to about 14.19 by the end of 2022. A sharp increase occurs in early 2024, with the ratio reaching an extreme high of 1984.43, followed by similarly high but lower values subsequently. This extraordinary spike may point to a significant disconnect between stock price and operating profit, possibly driven by non-recurring factors or market anomalies during that time.
- Price to Sales (P/S) Ratio
- The P/S ratio begins at about 2.96 in March 2021, displaying a gradual decline over 2021 and 2022, reducing to approximately 1.73 by December 2022. Afterwards, it fluctuates moderately, rising again near 3.4 by late 2023 before declining towards 1.58 in early 2025. These movements indicate varying investor sentiment relative to revenue generation, showing periods of caution followed by renewed optimism and again some downturns.
- Price to Book Value (P/BV) Ratio
- The P/BV ratio decreases consistently from 3.29 in March 2020 to a trough near 1.15 by the end of 2022, reflecting a steady contraction in market valuation relative to book value over this period. Beginning in 2023, the ratio experiences a mild rebound toward approximately 1.75 by late 2023, but subsequently declines again below 1.0 in several quarters through early 2025. Such levels indicate the market sometimes values the company near or below its net asset value, which might suggest concerns about asset quality or profitability.
Overall, the data reveal periods of valuation compression through 2022 followed by heightened volatility in 2023 and 2024, especially in ratios tied to earnings and operating profit, signaling fluctuating investor confidence and possibly external market or company-specific events influencing the financial outlook.
Price to Earnings (P/E)
Intel Corp., historical P/E calculation (quarterly data)
| Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 4,362,000,000 | 4,330,000,000 | 4,313,000,000 | 4,276,000,000 | 4,257,000,000 | 4,228,000,000 | 4,216,000,000 | 4,188,000,000 | 4,171,000,000 | 4,137,000,000 | 4,127,000,000 | 4,106,000,000 | 4,089,000,000 | 4,072,000,000 | 4,067,000,000 | 4,057,000,000 | 4,038,000,000 | 4,063,000,000 | 4,098,000,000 | 4,253,000,000 | 4,234,000,000 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to Intel (in millions) | (821) | (126) | (16,639) | (1,610) | (381) | 2,669) | 297) | 1,481) | (2,758) | (664) | 1,019) | (454) | 8,113) | 4,623) | 6,823) | 5,061) | 3,361) | 5,857) | 4,276) | 5,105) | 5,661) | |||||||
| Earnings per share (EPS)2 | -4.40 | -4.33 | -3.70 | 0.23 | 0.96 | 0.40 | -0.39 | -0.22 | -0.68 | 1.94 | 3.22 | 4.65 | 6.02 | 4.88 | 5.19 | 4.57 | 4.61 | 5.14 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 20.05 | 19.43 | 23.20 | 21.48 | 31.88 | 43.65 | 35.54 | 36.83 | 31.06 | 28.16 | 29.07 | 36.31 | 43.59 | 48.05 | 49.46 | 53.00 | 59.24 | 56.66 | 48.20 | 50.59 | 59.26 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/E ratio4 | — | — | — | 94.20 | 33.38 | 109.27 | — | — | — | 14.54 | 9.02 | 7.80 | 7.24 | 9.85 | 9.53 | 11.59 | 12.86 | 11.02 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 73.07 | 110.61 | 132.06 | 172.70 | 208.95 | 317.27 | 839.13 | — | 332.75 | 96.16 | 41.59 | 50.59 | 47.48 | 45.54 | 37.20 | 34.57 | 35.41 | 41.66 | — | — | — | |||||||
| Analog Devices Inc. | 76.64 | 66.48 | 68.22 | 55.68 | 34.12 | 27.14 | 23.57 | 23.96 | 28.93 | 31.21 | 46.35 | 50.61 | 68.72 | 68.31 | 35.88 | 36.19 | 41.93 | 41.43 | 39.23 | 37.97 | 37.64 | |||||||
| Applied Materials Inc. | 22.54 | 19.20 | 22.15 | 24.70 | 23.55 | 19.63 | 18.50 | 17.61 | 14.79 | 13.55 | 13.59 | 14.82 | 17.99 | 22.05 | 22.54 | 28.42 | 27.11 | 22.31 | 18.29 | 17.29 | 21.57 | |||||||
| Broadcom Inc. | 90.66 | 175.56 | 145.09 | 76.08 | 50.29 | 36.78 | 25.96 | 24.11 | 20.92 | 20.70 | 21.10 | 26.03 | 31.86 | 40.73 | 35.19 | 42.12 | 50.39 | 66.38 | 65.22 | 51.79 | 36.94 | |||||||
| KLA Corp. | 30.04 | 34.24 | 36.43 | 29.95 | 20.06 | 20.04 | 15.12 | 15.62 | 13.89 | 16.89 | 15.13 | 18.50 | 19.76 | 25.97 | 26.04 | 33.15 | 23.59 | 25.92 | 24.82 | 23.60 | 23.68 | |||||||
| Lam Research Corp. | 23.93 | 27.05 | 33.64 | 32.06 | 19.89 | 19.26 | 14.05 | 12.60 | 10.51 | 13.77 | 13.97 | 17.91 | 18.12 | 21.03 | 26.30 | 24.88 | 18.97 | 24.23 | 18.13 | 22.89 | 18.89 | |||||||
| Micron Technology Inc. | 25.00 | 145.72 | — | — | — | — | — | 43.16 | 8.72 | 6.62 | 5.97 | 9.80 | 14.54 | 13.38 | 21.84 | 32.41 | 28.88 | 21.80 | 25.33 | 21.69 | 17.42 | |||||||
| NVIDIA Corp. | 66.31 | 56.68 | 65.31 | 112.05 | 200.72 | 131.70 | 63.65 | 48.55 | 49.72 | 68.08 | 97.36 | 73.53 | 73.45 | 78.54 | 86.91 | 88.41 | 65.08 | 67.59 | — | — | — | |||||||
| Qualcomm Inc. | 18.43 | 18.95 | 23.14 | 21.84 | 21.35 | 17.07 | 16.75 | 11.92 | 12.87 | 9.75 | 13.40 | 13.56 | 21.24 | 17.15 | 17.46 | 19.20 | 27.40 | 28.06 | 38.25 | 21.95 | 24.49 | |||||||
| Texas Instruments Inc. | 30.23 | 34.72 | 37.07 | 34.08 | 26.94 | 22.24 | 18.13 | 20.79 | 18.08 | 18.88 | 16.05 | 18.27 | 19.01 | 20.38 | 23.61 | 25.25 | 27.20 | 27.95 | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
EPS
= (Net income (loss) attributable to IntelQ1 2025
+ Net income (loss) attributable to IntelQ4 2024
+ Net income (loss) attributable to IntelQ3 2024
+ Net income (loss) attributable to IntelQ2 2024)
÷ No. shares of common stock outstanding
= (-821,000,000 + -126,000,000 + -16,639,000,000 + -1,610,000,000)
÷ 4,362,000,000 = -4.40
3 Closing price as at the filing date of Intel Corp. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/E ratio = Share price ÷ EPS
= 20.05 ÷ -4.40 = —
5 Click competitor name to see calculations.
The analyzed financial data demonstrates several notable trends over the observed periods concerning share price, earnings per share (EPS), and price-to-earnings (P/E) ratio.
- Share Price
- The share price exhibited an overall declining trend from early 2020 through mid-2024. Initially, it decreased from $59.26 in March 2020 to a low of $28.16 by December 2022, reflecting a significant depreciation of nearly 53%. There was a temporary rebound reaching $43.65 in December 2023; however, this was followed by another downward movement to around $20.05 by March 2025. This pattern suggests volatility with intermittent recoveries but an overarching weakening in market valuation.
- Earnings Per Share (EPS)
- EPS figures, starting in March 2021, reveal fluctuations and eventual deterioration. The values initially remain positive, albeit with some decline from $5.14 to $1.94 by October 2022. Subsequently, EPS enters negative territory starting in early 2023, reaching lows of -$4.4 by March 2025. The trend indicates a considerable decline in profitability over the period, with a transition from moderate positive earnings to consistent losses towards the end of the timeframe.
- Price-to-Earnings (P/E) Ratio
- P/E ratios show variability that corresponds with changes in share price and EPS. Early ratios range mostly between 7 and 14, suggesting moderate valuation levels. However, after 2023, P/E ratios spike dramatically, exemplified by values such as 109.27 and 94.2, which generally reflect low or negative earnings making the ratio unreliable. This indicates significant market uncertainty or instability in earnings performance.
In summary, the data reflects a weakening financial performance demonstrated by declining share prices and earnings turning negative. The irregular and sometimes extreme P/E values highlight market volatility and diminished investor confidence in earnings sustainability during the recent periods analyzed.
Price to Operating Profit (P/OP)
Intel Corp., historical P/OP calculation (quarterly data)
| Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 4,362,000,000 | 4,330,000,000 | 4,313,000,000 | 4,276,000,000 | 4,257,000,000 | 4,228,000,000 | 4,216,000,000 | 4,188,000,000 | 4,171,000,000 | 4,137,000,000 | 4,127,000,000 | 4,106,000,000 | 4,089,000,000 | 4,072,000,000 | 4,067,000,000 | 4,057,000,000 | 4,038,000,000 | 4,063,000,000 | 4,098,000,000 | 4,253,000,000 | 4,234,000,000 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Operating income (loss) (in millions) | (301) | 412) | (9,057) | (1,964) | (1,069) | 2,585) | (8) | (1,016) | (1,468) | (1,132) | (175) | (700) | 4,341) | 4,989) | 5,227) | 5,546) | 3,694) | 5,884) | 5,059) | 5,697) | 7,038) | |||||||
| Operating profit per share2 | -2.50 | -2.70 | -2.20 | -0.11 | 0.12 | 0.02 | -0.86 | -0.91 | -0.83 | 0.56 | 2.05 | 3.37 | 4.92 | 4.78 | 5.00 | 4.97 | 5.04 | 5.83 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 20.05 | 19.43 | 23.20 | 21.48 | 31.88 | 43.65 | 35.54 | 36.83 | 31.06 | 28.16 | 29.07 | 36.31 | 43.59 | 48.05 | 49.46 | 53.00 | 59.24 | 56.66 | 48.20 | 50.59 | 59.26 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/OP ratio4 | — | — | — | — | 275.84 | 1,984.43 | — | — | — | 49.91 | 14.19 | 10.76 | 8.87 | 10.06 | 9.88 | 10.65 | 11.76 | 9.72 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 60.95 | 95.53 | 175.89 | 268.47 | 400.66 | 675.69 | — | — | 782.37 | 100.42 | 36.08 | 43.60 | 40.92 | 39.48 | 49.04 | 47.29 | 55.06 | 75.77 | — | — | — | |||||||
| Analog Devices Inc. | 61.84 | 53.48 | 53.84 | 46.99 | 29.30 | 23.53 | 20.61 | 20.41 | 24.53 | 26.16 | 38.46 | 41.74 | 55.30 | 56.12 | 29.71 | 30.29 | 34.90 | 33.76 | 31.72 | 30.10 | 29.85 | |||||||
| Applied Materials Inc. | 17.71 | 17.52 | 21.18 | 23.58 | 22.03 | 17.58 | 15.53 | 14.65 | 12.26 | 11.35 | 11.57 | 12.68 | 15.55 | 18.85 | 19.43 | 23.98 | 22.70 | 18.50 | 14.76 | 13.85 | 17.50 | |||||||
| Broadcom Inc. | 51.77 | 76.87 | 56.53 | 59.46 | 41.23 | 31.96 | 22.57 | 20.66 | 17.32 | 16.33 | 16.17 | 20.04 | 24.51 | 30.78 | 27.21 | 30.43 | 35.86 | 44.04 | 41.08 | 35.53 | 25.99 | |||||||
| KLA Corp. | 24.98 | 28.26 | 29.78 | 24.43 | 16.45 | 16.99 | 12.79 | 13.23 | 11.55 | 15.36 | 14.02 | 17.40 | 19.37 | 21.69 | 21.76 | 26.27 | 18.82 | 20.99 | 19.27 | 19.38 | 19.67 | |||||||
| Lam Research Corp. | 21.55 | 24.29 | 30.42 | 28.60 | 17.56 | 16.79 | 11.92 | 10.68 | 8.94 | 11.79 | 12.15 | 15.75 | 15.79 | 18.34 | 23.20 | 21.56 | 15.98 | 20.40 | 15.00 | 19.68 | 16.64 | |||||||
| Micron Technology Inc. | 21.07 | 86.94 | — | — | — | — | — | 34.54 | 7.86 | 5.93 | 5.31 | 8.90 | 13.31 | 12.48 | 20.11 | 29.00 | 25.85 | 19.51 | 22.93 | 19.03 | 14.79 | |||||||
| NVIDIA Corp. | 59.17 | 51.16 | 59.84 | 107.15 | 213.98 | 136.19 | 63.84 | 46.92 | 47.25 | 66.12 | 93.15 | 71.25 | 70.98 | 75.08 | 82.82 | 84.54 | 62.35 | 66.40 | — | — | — | |||||||
| Qualcomm Inc. | 18.18 | 19.08 | 22.65 | 21.54 | 20.09 | 15.85 | 14.36 | 9.90 | 10.47 | 7.95 | 11.41 | 11.80 | 19.06 | 15.84 | 15.54 | 17.26 | 23.79 | 23.32 | 29.96 | 11.05 | 13.01 | |||||||
| Texas Instruments Inc. | 26.77 | 30.49 | 32.74 | 30.38 | 23.82 | 19.75 | 16.15 | 18.24 | 15.69 | 16.29 | 13.69 | 15.53 | 16.30 | 17.67 | 20.89 | 22.42 | 25.48 | 26.53 | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
Operating profit per share
= (Operating income (loss)Q1 2025
+ Operating income (loss)Q4 2024
+ Operating income (loss)Q3 2024
+ Operating income (loss)Q2 2024)
÷ No. shares of common stock outstanding
= (-301,000,000 + 412,000,000 + -9,057,000,000 + -1,964,000,000)
÷ 4,362,000,000 = -2.50
3 Closing price as at the filing date of Intel Corp. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 20.05 ÷ -2.50 = —
5 Click competitor name to see calculations.
The quarterly financial data indicates significant fluctuations in share price, operating profit per share, and the price-to-operating-profit (P/OP) ratio over the observed periods.
- Share Price
- The share price exhibited a downward trend from March 2020 through October 2022, decreasing from $59.26 to a low of $28.16. After this period, there was a moderate recovery peaking at $43.65 in December 2023, followed by another decline into mid-2024, with values reaching as low as $19.43 in December 2024. Towards the latest date, March 2025, the share price shows a slight stabilization around $20.05. Overall, the share price trends reflect volatility with notable periods of decline and partial recovery.
- Operating Profit Per Share (OPPS)
- Operating profit per share data begins in March 2021 with a value of 5.83, then gradually declines over the subsequent quarters. From June 2021 through October 2022, OPPS decreases from 5.04 to 2.05, then sharply falls to nearly zero and negative values in late 2022 and early 2023. The minimum values observed are -2.7 in March 2025. This downward trend indicates diminishing operational profitability, transitioning through breakeven to consistent losses per share in the more recent quarters.
- Price-to-Operating-Profit (P/OP) Ratio
- The P/OP ratio, available only for select quarters starting from March 2021, shows initial values between approximately 9.7 and 14.2, indicating a moderate valuation relative to operating profits. However, as operating profits deteriorate and approach zero or negative values, the P/OP ratio dramatically escalates, reaching extreme figures such as 1984.43 and 275.84, reflecting the disproportional increase due to near-zero or negative operational earnings. For some of the latest periods, the ratio is either missing or not meaningful due to negative operating profits. This pattern demonstrates increasing valuation challenges amidst declining profitability.
In summary, the data portrays a company facing decreasing operational profitability over the observed timeline, reflected in declining operating profit per share and a corresponding steep increase in P/OP ratio during periods of near-zero earnings. The share price mirrors this trend with significant declines and volatility, suggesting heightened market uncertainty and valuation pressures related to profitability challenges.
Price to Sales (P/S)
Intel Corp., historical P/S calculation (quarterly data)
| Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 4,362,000,000 | 4,330,000,000 | 4,313,000,000 | 4,276,000,000 | 4,257,000,000 | 4,228,000,000 | 4,216,000,000 | 4,188,000,000 | 4,171,000,000 | 4,137,000,000 | 4,127,000,000 | 4,106,000,000 | 4,089,000,000 | 4,072,000,000 | 4,067,000,000 | 4,057,000,000 | 4,038,000,000 | 4,063,000,000 | 4,098,000,000 | 4,253,000,000 | 4,234,000,000 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Net revenue (in millions) | 12,667) | 14,260) | 13,284) | 12,833) | 12,724) | 15,406) | 14,158) | 12,949) | 11,715) | 14,042) | 15,338) | 15,321) | 18,353) | 20,528) | 19,192) | 19,631) | 19,673) | 19,978) | 18,333) | 19,728) | 19,828) | |||||||
| Sales per share2 | 12.16 | 12.26 | 12.58 | 12.89 | 12.98 | 12.83 | 12.54 | 12.90 | 13.53 | 15.24 | 16.85 | 17.87 | 19.00 | 19.41 | 19.30 | 19.13 | 19.25 | 19.16 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 20.05 | 19.43 | 23.20 | 21.48 | 31.88 | 43.65 | 35.54 | 36.83 | 31.06 | 28.16 | 29.07 | 36.31 | 43.59 | 48.05 | 49.46 | 53.00 | 59.24 | 56.66 | 48.20 | 50.59 | 59.26 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/S ratio4 | 1.65 | 1.58 | 1.84 | 1.67 | 2.46 | 3.40 | 2.83 | 2.85 | 2.30 | 1.85 | 1.73 | 2.03 | 2.29 | 2.48 | 2.56 | 2.77 | 3.08 | 2.96 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 5.86 | 7.04 | 9.93 | 10.05 | 10.23 | 11.95 | 7.89 | 8.08 | 5.70 | 5.38 | 4.14 | 7.34 | 8.54 | 8.76 | 9.94 | 8.90 | 8.94 | 10.63 | — | — | — | |||||||
| Analog Devices Inc. | 12.84 | 11.53 | 11.64 | 11.39 | 8.30 | 7.31 | 6.89 | 6.75 | 7.89 | 7.14 | 7.88 | 8.52 | 10.43 | 12.98 | 9.38 | 9.11 | 10.06 | 9.03 | 7.90 | 7.61 | 7.93 | |||||||
| Applied Materials Inc. | 5.17 | 5.07 | 6.15 | 6.81 | 6.36 | 5.08 | 4.49 | 4.29 | 3.63 | 3.43 | 3.59 | 4.03 | 4.88 | 5.63 | 5.53 | 6.35 | 5.74 | 4.69 | 3.58 | 3.27 | 4.06 | |||||||
| Broadcom Inc. | 16.75 | 20.07 | 15.79 | 18.34 | 15.05 | 14.46 | 10.15 | 9.33 | 7.66 | 7.00 | 6.54 | 7.49 | 8.42 | 9.55 | 7.66 | 7.56 | 7.46 | 7.40 | 6.27 | 5.28 | 4.13 | |||||||
| KLA Corp. | 8.69 | 9.64 | 9.91 | 8.38 | 6.12 | 6.47 | 4.99 | 5.28 | 4.62 | 6.09 | 5.51 | 6.77 | 7.22 | 7.80 | 7.49 | 7.46 | 5.13 | 5.43 | 4.53 | 5.09 | 5.46 | |||||||
| Lam Research Corp. | 6.23 | 6.95 | 8.53 | 7.75 | 4.99 | 4.99 | 3.66 | 3.39 | 2.83 | 3.68 | 3.79 | 4.98 | 4.91 | 5.62 | 6.86 | 6.18 | 4.48 | 5.43 | 3.95 | 4.96 | 4.23 | |||||||
| Micron Technology Inc. | 3.34 | 4.51 | 6.86 | 6.64 | 5.83 | 4.94 | 3.88 | 3.02 | 1.99 | 1.87 | 1.83 | 2.84 | 3.62 | 2.83 | 3.54 | 4.41 | 3.93 | 2.73 | 2.83 | 2.54 | 2.96 | |||||||
| NVIDIA Corp. | 35.41 | 27.69 | 27.49 | 35.40 | 37.18 | 21.33 | 13.27 | 12.64 | 15.92 | 24.67 | 32.92 | 23.77 | 20.32 | 20.41 | 22.50 | 22.93 | 18.34 | 17.31 | — | — | — | |||||||
| Qualcomm Inc. | 4.78 | 4.93 | 5.40 | 5.03 | 4.57 | 3.45 | 3.74 | 3.06 | 3.53 | 2.85 | 4.09 | 3.85 | 5.89 | 4.62 | 4.93 | 5.24 | 6.91 | 6.20 | 5.25 | 3.59 | 4.24 | |||||||
| Texas Instruments Inc. | 9.18 | 10.65 | 11.71 | 11.25 | 9.47 | 8.26 | 7.11 | 8.49 | 7.65 | 8.25 | 7.10 | 8.00 | 8.24 | 8.63 | 9.82 | 10.13 | 10.89 | 10.81 | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
Sales per share
= (Net revenueQ1 2025
+ Net revenueQ4 2024
+ Net revenueQ3 2024
+ Net revenueQ2 2024)
÷ No. shares of common stock outstanding
= (12,667,000,000 + 14,260,000,000 + 13,284,000,000 + 12,833,000,000)
÷ 4,362,000,000 = 12.16
3 Closing price as at the filing date of Intel Corp. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/S ratio = Share price ÷ Sales per share
= 20.05 ÷ 12.16 = 1.65
5 Click competitor name to see calculations.
- Share Price Trend
- The share price showed a declining trend over the majority of the observed period. Starting from a high of $59.26 in March 2020, the price decreased notably to $28.16 by December 2022. There was a brief upward movement reaching $43.65 in December 2023, followed by a sharp decrease again to $20.05 by March 2025. Overall, the share price exhibited significant volatility with a substantial downward trajectory after late 2020.
- Sales Per Share Trend
- Sales per share data commenced from March 2021 and displayed a consistent downward trend. Beginning at $19.16, this metric steadily decreased through to $12.16 by March 2025. The reduction indicates a gradual decline in revenue generation on a per-share basis over the analyzed quarters.
- Price-to-Sales Ratio (P/S) Analysis
- The P/S ratio exhibited fluctuations with an overall declining pattern from 2.96 in March 2021 to a low of 1.58 in December 2024, followed by a slight uptick to 1.65 in March 2025. This trend suggests that the market's valuation of sales was decreasing in general, reflecting possible concerns regarding growth prospects or market valuation adjustments relative to sales revenue.
- Integrated Insights
- The combined analysis of share price, sales per share, and P/S ratio indicates that the stock experienced pressure from weakening sales performance, as demonstrated by the declining sales per share. The consistent drop in share price corresponds with falling sales and a reduced willingness of investors to pay a high multiple on sales, as shown by the diminishing P/S ratio. The brief share price recovery seen in late 2023 may reflect temporary market optimism or external factors but did not establish a sustained upward trend.
Price to Book Value (P/BV)
Intel Corp., historical P/BV calculation (quarterly data)
| Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 | Jul 1, 2023 | Apr 1, 2023 | Dec 31, 2022 | Oct 1, 2022 | Jul 2, 2022 | Apr 2, 2022 | Dec 25, 2021 | Sep 25, 2021 | Jun 26, 2021 | Mar 27, 2021 | Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 4,362,000,000 | 4,330,000,000 | 4,313,000,000 | 4,276,000,000 | 4,257,000,000 | 4,228,000,000 | 4,216,000,000 | 4,188,000,000 | 4,171,000,000 | 4,137,000,000 | 4,127,000,000 | 4,106,000,000 | 4,089,000,000 | 4,072,000,000 | 4,067,000,000 | 4,057,000,000 | 4,038,000,000 | 4,063,000,000 | 4,098,000,000 | 4,253,000,000 | 4,234,000,000 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Total Intel stockholders’ equity (in millions) | 99,756) | 99,270) | 99,532) | 115,229) | 105,973) | 105,590) | 101,813) | 101,017) | 98,059) | 101,423) | 99,885) | 101,218) | 103,136) | 95,391) | 90,087) | 85,207) | 79,807) | 81,038) | 74,554) | 82,010) | 76,354) | |||||||
| Book value per share (BVPS)2 | 22.87 | 22.93 | 23.08 | 26.95 | 24.89 | 24.97 | 24.15 | 24.12 | 23.51 | 24.52 | 24.20 | 24.65 | 25.22 | 23.43 | 22.15 | 21.00 | 19.76 | 19.95 | 18.19 | 19.28 | 18.03 | |||||||
| Share price1, 3 | 20.05 | 19.43 | 23.20 | 21.48 | 31.88 | 43.65 | 35.54 | 36.83 | 31.06 | 28.16 | 29.07 | 36.31 | 43.59 | 48.05 | 49.46 | 53.00 | 59.24 | 56.66 | 48.20 | 50.59 | 59.26 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/BV ratio4 | 0.88 | 0.85 | 1.01 | 0.80 | 1.28 | 1.75 | 1.47 | 1.53 | 1.32 | 1.15 | 1.20 | 1.47 | 1.73 | 2.05 | 2.23 | 2.52 | 3.00 | 2.84 | 2.65 | 2.62 | 3.29 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 2.81 | 3.15 | 4.23 | 4.14 | 4.15 | 4.85 | 3.18 | 3.20 | 2.40 | 2.32 | 1.73 | 2.87 | 2.91 | 19.21 | 20.69 | 16.81 | 15.76 | 17.77 | 23.76 | 27.03 | 20.69 | |||||||
| Analog Devices Inc. | 3.42 | 3.09 | 3.21 | 3.38 | 2.70 | 2.53 | 2.46 | 2.41 | 2.72 | 2.35 | 2.39 | 2.24 | 2.35 | 2.50 | 4.98 | 4.64 | 4.88 | 4.22 | 3.70 | 3.64 | 3.90 | |||||||
| Applied Materials Inc. | 7.68 | 7.25 | 8.76 | 9.92 | 9.67 | 8.23 | 7.90 | 8.09 | 7.11 | 7.25 | 7.48 | 8.65 | 9.91 | 10.60 | 9.92 | 10.50 | 9.11 | 7.63 | 6.09 | 5.59 | 7.04 | |||||||
| Broadcom Inc. | 13.09 | 15.29 | 11.26 | 11.17 | 8.32 | 21.59 | 16.31 | 14.86 | 11.31 | 10.23 | 9.93 | 10.71 | 10.45 | 10.50 | 8.35 | 8.07 | 7.68 | 7.40 | 6.18 | 5.04 | 3.84 | |||||||
| KLA Corp. | 25.03 | 28.07 | 30.73 | 26.63 | 20.82 | 23.25 | 19.77 | 21.24 | 21.67 | 40.05 | 11.68 | 13.65 | 13.95 | 15.98 | 15.52 | 15.44 | 11.09 | 11.83 | 11.01 | 10.06 | 10.02 | |||||||
| Lam Research Corp. | 11.46 | 12.13 | 15.14 | 13.49 | 9.82 | 10.58 | 8.22 | 7.78 | 6.88 | 10.10 | 10.52 | 12.70 | 13.28 | 13.64 | 16.94 | 13.40 | 9.14 | 10.55 | 8.38 | 10.81 | 8.13 | |||||||
| Micron Technology Inc. | 2.07 | 2.51 | 3.32 | 2.77 | 2.20 | 1.74 | 1.55 | 1.47 | 1.09 | 1.15 | 1.20 | 1.85 | 2.33 | 1.79 | 2.13 | 2.55 | 2.17 | 1.50 | 1.51 | 1.35 | 1.68 | |||||||
| NVIDIA Corp. | 57.48 | 39.25 | 37.08 | 42.07 | 39.24 | 26.03 | 17.76 | 15.75 | 17.87 | 24.95 | 33.57 | 24.61 | 20.84 | 20.14 | 21.69 | 21.53 | 16.49 | 15.49 | 11.46 | 8.77 | 10.07 | |||||||
| Qualcomm Inc. | 7.24 | 7.31 | 8.17 | 7.48 | 7.19 | 5.72 | 6.98 | 6.38 | 8.05 | 7.00 | 10.74 | 11.35 | 18.72 | 15.59 | 19.65 | 20.75 | 24.98 | 24.00 | 31.75 | 29.17 | 23.03 | |||||||
| Texas Instruments Inc. | 8.98 | 9.86 | 10.66 | 10.52 | 9.37 | 8.57 | 7.74 | 10.03 | 9.79 | 11.33 | 9.88 | 11.12 | 11.14 | 11.87 | 14.22 | 15.22 | 16.52 | 17.02 | 16.11 | 15.88 | 13.29 | |||||||
Based on: 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
BVPS = Total Intel stockholders’ equity ÷ No. shares of common stock outstanding
= 99,756,000,000 ÷ 4,362,000,000 = 22.87
3 Closing price as at the filing date of Intel Corp. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/BV ratio = Share price ÷ BVPS
= 20.05 ÷ 22.87 = 0.88
5 Click competitor name to see calculations.
- Share Price Trend
- The share price displayed significant volatility over the periods analyzed. Starting at $59.26 in March 2020, the price gradually declined with intermittent recoveries, reaching a low point of $19.43 in December 2024 before a slight increase to $20.05 by March 2025. Notable price dips occurred around mid-2022 and mid-2024, reflecting potential external or internal pressures impacting market valuation. Overall, the share price declined by approximately two-thirds over the time frame, suggesting sustained negative market sentiment or operational challenges.
- Book Value Per Share (BVPS) Progression
- The book value per share showed a generally positive trend, increasing from $18.03 in March 2020 to a peak close to $26.95 by September 2024. Despite some minor fluctuations, BVPS remained relatively stable above $22 from early 2022 onwards. This indicates steady growth in net asset value per share, potentially improving financial strength and asset management over the period.
- Price-to-Book Value (P/BV) Ratio Dynamics
- The P/BV ratio reflected the combination of share price and book value movements, starting at a high of 3.29 in March 2020 and exhibiting a downward trend, reaching a low near 0.80 by September 2024. This decline in P/BV suggests that despite increasing book value, the share price decreased disproportionately, leading to an undervaluation relative to the company’s book value in the later periods. The ratio’s fluctuation also points to changing investor perceptions and potential market skepticism about future earnings or growth prospects.
- Summary of Financial Trends
- Analysis of the data reveals a company experiencing a strengthening of its underlying net asset base as indicated by rising book value per share, while simultaneously facing a weakening market valuation as evidenced by the falling share price and P/BV ratio. This divergence may illustrate market concerns regarding profitability, competitive positioning, or broader industry conditions despite the improvement in accounting book value. The persistent low P/BV ratio towards the end of the dataset suggests potential undervaluation or risk concerns that investors might have raised over recent quarters.