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-K (filing date: 2021-01-22), 10-Q (filing date: 2020-10-23), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-04-24), 10-K (filing date: 2020-01-24), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-10-31), 10-Q (filing date: 2016-08-01), 10-Q (filing date: 2016-05-02).
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Intel Corp.’s P/E ratio decreased from Q2 2020 to Q3 2020 but then increased from Q3 2020 to Q4 2020 exceeding Q2 2020 level. |
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Intel Corp.’s P/OP ratio decreased from Q2 2020 to Q3 2020 but then increased from Q3 2020 to Q4 2020 exceeding Q2 2020 level. |
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Intel Corp.’s P/S ratio decreased from Q2 2020 to Q3 2020 but then increased from Q3 2020 to Q4 2020 exceeding Q2 2020 level. |
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. | Intel Corp.’s P/BV ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |
Price to Earnings (P/E)
Intel Corp., historical P/E calculation (quarterly data)
| Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | Sep 30, 2017 | Jul 1, 2017 | Apr 1, 2017 | Dec 31, 2016 | Oct 1, 2016 | Jul 2, 2016 | Apr 2, 2016 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 4,063,000,000 | 4,098,000,000 | 4,253,000,000 | 4,234,000,000 | 4,277,000,000 | 4,350,000,000 | 4,430,000,000 | 4,477,000,000 | 4,497,000,000 | 4,564,000,000 | 4,611,000,000 | 4,660,000,000 | 4,668,000,000 | 4,680,000,000 | 4,699,000,000 | 4,709,000,000 | 4,728,000,000 | 4,739,000,000 | 4,731,000,000 | 4,722,000,000 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Net income (in millions) | 5,857 | 4,276 | 5,105 | 5,661 | 6,905 | 5,990 | 4,179 | 3,974 | 5,195 | 6,398 | 5,006 | 4,454 | (687) | 4,516 | 2,808 | 2,964 | 3,562 | 3,378 | 1,330 | 2,046 | ||||||
| Earnings per share (EPS)2 | 5.14 | 5.36 | 5.56 | 5.37 | 4.92 | 4.45 | 4.46 | 4.60 | 4.68 | 3.32 | 2.88 | 2.38 | 2.06 | 2.96 | 2.71 | 2.39 | 2.18 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 56.66 | 48.20 | 50.59 | 59.26 | 68.47 | 56.46 | 51.59 | 52.43 | 48.73 | 45.69 | 47.68 | 52.73 | 45.56 | 41.35 | 34.97 | 37.43 | 36.48 | 34.87 | 34.85 | 30.61 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/E ratio4 | 11.02 | 9.00 | 9.09 | 11.04 | 13.91 | 12.70 | 11.57 | 11.41 | 10.41 | 13.75 | 16.54 | 22.16 | 22.15 | 13.97 | 12.93 | 15.69 | 16.72 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 41.66 | 104.54 | 146.69 | 129.05 | 169.62 | 176.53 | 173.06 | 106.61 | 68.76 | 50.55 | 55.68 | 53.78 | 282.39 | — | — | — | — | — | — | — | ||||||
| Analog Devices Inc. | 41.43 | 39.23 | 37.97 | 37.64 | 31.04 | 26.42 | 23.89 | 24.87 | 22.17 | 25.81 | 33.09 | 42.83 | 44.94 | 45.55 | 37.59 | 27.60 | 26.07 | 29.83 | 26.48 | 23.95 | ||||||
| Apple Inc. | 32.24 | 31.11 | 21.90 | 24.67 | 20.00 | 17.29 | 16.94 | 13.11 | 16.07 | 17.34 | 16.28 | 16.12 | 18.32 | 17.40 | 16.77 | 14.94 | 13.49 | 11.61 | 10.57 | 9.64 | ||||||
| Applied Materials Inc. | 22.31 | 18.29 | 17.29 | 21.57 | 20.25 | 15.06 | 10.73 | 9.34 | 9.75 | 12.30 | 16.14 | 20.56 | 16.16 | 15.23 | 18.31 | 18.26 | 20.68 | 22.15 | 20.33 | 16.24 | ||||||
| Broadcom Inc. | 66.37 | 65.22 | 51.78 | 36.94 | 47.09 | 38.49 | 30.48 | 17.68 | 8.14 | 8.34 | 10.57 | 14.31 | 63.27 | 190.51 | — | — | — | — | — | 40.57 | ||||||
| Cisco Systems Inc. | 15.46 | 17.64 | 17.87 | 17.54 | 17.69 | 18.30 | 16.99 | 158.12 | 1,964.84 | — | — | 18.72 | 16.37 | 15.88 | 17.38 | 14.11 | 14.69 | 13.98 | 12.87 | 14.50 | ||||||
| Lam Research Corp. | 24.22 | 18.13 | 22.89 | 18.89 | 13.64 | 11.64 | 8.99 | 9.78 | 11.70 | 16.16 | 18.51 | 16.47 | 15.33 | 16.07 | 18.91 | 17.96 | 15.82 | 16.28 | 13.36 | 15.05 | ||||||
| Micron Technology Inc. | 21.80 | 25.33 | 21.69 | 17.42 | 7.98 | 4.06 | 3.73 | 2.39 | 3.40 | 5.44 | 6.29 | 6.97 | 9.20 | 13.04 | 46.07 | — | — | 33.37 | 10.38 | 6.58 | ||||||
| NVIDIA Corp. | 67.57 | 53.25 | 33.04 | 29.64 | 22.80 | 26.30 | 36.38 | 38.93 | 48.05 | 50.69 | 43.50 | 41.49 | 36.34 | 41.41 | 36.46 | 35.06 | 28.97 | 27.86 | 23.55 | 18.02 | ||||||
| Qualcomm Inc. | 28.06 | 38.25 | 21.95 | 24.49 | 22.03 | 26.26 | 42.74 | 28.15 | — | — | — | — | 31.96 | 21.51 | 17.37 | 17.19 | 17.37 | 15.92 | 15.59 | 14.81 | ||||||
| Texas Instruments Inc. | 27.95 | 26.95 | 24.04 | 20.66 | 24.47 | 21.27 | 21.89 | 20.36 | 18.05 | 19.49 | 24.79 | 25.03 | 27.77 | 21.75 | 19.56 | 20.48 | 21.45 | — | — | — | ||||||
Based on: 10-K (filing date: 2021-01-22), 10-Q (filing date: 2020-10-23), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-04-24), 10-K (filing date: 2020-01-24), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-10-31), 10-Q (filing date: 2016-08-01), 10-Q (filing date: 2016-05-02).
1 Data adjusted for splits and stock dividends.
2 Q4 2020 Calculation
EPS
= (Net incomeQ4 2020
+ Net incomeQ3 2020
+ Net incomeQ2 2020
+ Net incomeQ1 2020)
÷ No. shares of common stock outstanding
= (5,857,000,000 + 4,276,000,000 + 5,105,000,000 + 5,661,000,000)
÷ 4,063,000,000 = 5.14
3 Closing price as at the filing date of Intel Corp.’s Quarterly or Annual Report.
4 Q4 2020 Calculation
P/E ratio = Share price ÷ EPS
= 56.66 ÷ 5.14 = 11.02
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Intel Corp.’s P/E ratio decreased from Q2 2020 to Q3 2020 but then increased from Q3 2020 to Q4 2020 exceeding Q2 2020 level. |
Price to Operating Profit (P/OP)
Intel Corp., historical P/OP calculation (quarterly data)
| Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | Sep 30, 2017 | Jul 1, 2017 | Apr 1, 2017 | Dec 31, 2016 | Oct 1, 2016 | Jul 2, 2016 | Apr 2, 2016 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 4,063,000,000 | 4,098,000,000 | 4,253,000,000 | 4,234,000,000 | 4,277,000,000 | 4,350,000,000 | 4,430,000,000 | 4,477,000,000 | 4,497,000,000 | 4,564,000,000 | 4,611,000,000 | 4,660,000,000 | 4,668,000,000 | 4,680,000,000 | 4,699,000,000 | 4,709,000,000 | 4,728,000,000 | 4,739,000,000 | 4,731,000,000 | 4,722,000,000 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Operating income (in millions) | 5,884 | 5,059 | 5,697 | 7,038 | 6,797 | 6,447 | 4,617 | 4,174 | 6,224 | 7,349 | 5,273 | 4,470 | 5,395 | 5,115 | 3,827 | 3,599 | 4,526 | 4,462 | 1,318 | 2,568 | ||||||
| Operating profit per share2 | 5.83 | 6.00 | 6.11 | 5.88 | 5.15 | 4.93 | 5.05 | 5.14 | 5.18 | 4.93 | 4.39 | 4.04 | 3.84 | 3.65 | 3.49 | 2.95 | 2.72 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 56.66 | 48.20 | 50.59 | 59.26 | 68.47 | 56.46 | 51.59 | 52.43 | 48.73 | 45.69 | 47.68 | 52.73 | 45.56 | 41.35 | 34.97 | 37.43 | 36.48 | 34.87 | 34.85 | 30.61 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/OP ratio4 | 9.72 | 8.03 | 8.28 | 10.08 | 13.29 | 11.44 | 10.22 | 10.20 | 9.40 | 9.27 | 10.86 | 13.07 | 11.86 | 11.34 | 10.01 | 12.68 | 13.40 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 75.77 | 80.11 | 101.06 | 81.62 | 91.66 | 118.63 | 120.20 | 78.58 | 51.38 | 36.04 | 38.08 | 30.01 | 59.52 | 87.97 | — | — | — | — | — | — | ||||||
| Analog Devices Inc. | 33.76 | 31.72 | 30.10 | 29.85 | 24.74 | 21.27 | 19.35 | 20.36 | 17.62 | 20.03 | 23.29 | 27.92 | 30.97 | 31.93 | 30.33 | 22.95 | 21.85 | 25.32 | 22.10 | 19.99 | ||||||
| Apple Inc. | 27.92 | 27.07 | 19.10 | 21.45 | 17.29 | 14.94 | 14.79 | 11.46 | 13.49 | 14.33 | 13.14 | 12.67 | 14.44 | 13.53 | 12.93 | 11.41 | 10.27 | 8.82 | 8.01 | 7.28 | ||||||
| Applied Materials Inc. | 18.50 | 14.76 | 13.85 | 17.50 | 16.36 | 12.41 | 9.45 | 8.18 | 6.74 | 8.62 | 11.02 | 13.84 | 14.35 | 13.15 | 15.51 | 14.99 | 16.54 | 17.82 | 16.17 | 13.44 | ||||||
| Broadcom Inc. | 44.03 | 41.08 | 35.53 | 25.99 | 36.85 | 28.49 | 23.44 | 24.21 | 19.42 | 22.97 | 32.67 | 39.00 | 44.93 | 50.07 | 94.49 | — | — | — | 226.20 | 33.05 | ||||||
| Cisco Systems Inc. | 12.73 | 13.53 | 13.95 | 13.79 | 14.46 | 17.44 | 16.19 | 14.97 | 17.56 | 17.11 | 17.64 | 15.29 | 13.14 | 12.97 | 14.18 | 12.04 | 12.46 | 11.70 | 10.92 | 12.07 | ||||||
| Lam Research Corp. | 20.40 | 14.99 | 19.68 | 16.64 | 12.12 | 11.10 | 8.51 | 7.30 | 8.66 | 10.64 | 12.08 | 14.63 | 13.68 | 14.34 | 15.04 | 15.14 | 13.46 | 13.39 | 11.29 | 12.66 | ||||||
| Micron Technology Inc. | 19.51 | 22.93 | 19.03 | 14.79 | 6.83 | 3.68 | 3.47 | 2.25 | 3.20 | 5.05 | 5.65 | 6.15 | 7.98 | 9.98 | 23.62 | 83.51 | 106.63 | 19.43 | 8.65 | 6.45 | ||||||
| NVIDIA Corp. | 66.38 | 59.72 | 39.72 | 34.03 | 24.82 | 26.94 | 35.41 | 37.29 | 45.61 | 45.62 | 38.06 | 36.35 | 31.30 | 34.79 | 31.84 | 29.56 | 23.81 | 22.93 | 17.79 | 14.44 | ||||||
| Qualcomm Inc. | 23.32 | 29.96 | 11.05 | 13.01 | 12.60 | 14.09 | 54.63 | 42.67 | 103.26 | 50.49 | 46.77 | 54.17 | 30.15 | 20.53 | 15.86 | 15.04 | 15.26 | 14.10 | 13.97 | 13.17 | ||||||
| Texas Instruments Inc. | 26.53 | 25.17 | 22.86 | 18.39 | 21.46 | 18.41 | 18.41 | 16.89 | 15.00 | 13.51 | 16.50 | 15.90 | 16.81 | 16.34 | 14.79 | 15.64 | 16.07 | — | — | — | ||||||
Based on: 10-K (filing date: 2021-01-22), 10-Q (filing date: 2020-10-23), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-04-24), 10-K (filing date: 2020-01-24), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-10-31), 10-Q (filing date: 2016-08-01), 10-Q (filing date: 2016-05-02).
1 Data adjusted for splits and stock dividends.
2 Q4 2020 Calculation
Operating profit per share
= (Operating incomeQ4 2020
+ Operating incomeQ3 2020
+ Operating incomeQ2 2020
+ Operating incomeQ1 2020)
÷ No. shares of common stock outstanding
= (5,884,000,000 + 5,059,000,000 + 5,697,000,000 + 7,038,000,000)
÷ 4,063,000,000 = 5.83
3 Closing price as at the filing date of Intel Corp.’s Quarterly or Annual Report.
4 Q4 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 56.66 ÷ 5.83 = 9.72
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Intel Corp.’s P/OP ratio decreased from Q2 2020 to Q3 2020 but then increased from Q3 2020 to Q4 2020 exceeding Q2 2020 level. |
Price to Sales (P/S)
Intel Corp., historical P/S calculation (quarterly data)
| Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | Sep 30, 2017 | Jul 1, 2017 | Apr 1, 2017 | Dec 31, 2016 | Oct 1, 2016 | Jul 2, 2016 | Apr 2, 2016 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 4,063,000,000 | 4,098,000,000 | 4,253,000,000 | 4,234,000,000 | 4,277,000,000 | 4,350,000,000 | 4,430,000,000 | 4,477,000,000 | 4,497,000,000 | 4,564,000,000 | 4,611,000,000 | 4,660,000,000 | 4,668,000,000 | 4,680,000,000 | 4,699,000,000 | 4,709,000,000 | 4,728,000,000 | 4,739,000,000 | 4,731,000,000 | 4,722,000,000 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Net revenue (in millions) | 19,978 | 18,333 | 19,728 | 19,828 | 20,209 | 19,190 | 16,505 | 16,061 | 18,657 | 19,163 | 16,962 | 16,066 | 17,053 | 16,149 | 14,763 | 14,796 | 16,374 | 15,778 | 13,533 | 13,702 | ||||||
| Sales per share2 | 19.16 | 19.06 | 18.56 | 17.89 | 16.83 | 16.19 | 15.89 | 15.82 | 15.75 | 15.17 | 14.36 | 13.74 | 13.44 | 13.27 | 13.13 | 12.84 | 12.56 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 56.66 | 48.20 | 50.59 | 59.26 | 68.47 | 56.46 | 51.59 | 52.43 | 48.73 | 45.69 | 47.68 | 52.73 | 45.56 | 41.35 | 34.97 | 37.43 | 36.48 | 34.87 | 34.85 | 30.61 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/S ratio4 | 2.96 | 2.53 | 2.73 | 3.31 | 4.07 | 3.49 | 3.25 | 3.31 | 3.09 | 3.01 | 3.32 | 3.84 | 3.39 | 3.12 | 2.66 | 2.91 | 2.90 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 10.63 | 10.63 | 11.68 | 8.67 | 8.59 | 6.13 | 5.63 | 4.75 | 3.58 | 2.78 | 2.81 | 1.77 | 2.28 | 2.11 | 2.71 | 2.14 | 3.08 | — | — | — | ||||||
| Analog Devices Inc. | 9.03 | 7.90 | 7.61 | 7.93 | 7.06 | 6.53 | 6.01 | 6.32 | 5.35 | 5.92 | 5.86 | 5.91 | 6.40 | 6.74 | 7.86 | 6.94 | 6.57 | 5.81 | 5.06 | 4.76 | ||||||
| Apple Inc. | 6.74 | 6.64 | 4.68 | 5.30 | 4.25 | 3.72 | 3.75 | 2.98 | 3.60 | 3.81 | 3.51 | 3.41 | 3.86 | 3.63 | 3.48 | 3.10 | 2.86 | 2.52 | 2.36 | 2.20 | ||||||
| Applied Materials Inc. | 4.69 | 3.58 | 3.27 | 4.06 | 3.75 | 2.92 | 2.37 | 2.19 | 1.87 | 2.44 | 3.10 | 3.81 | 3.82 | 3.36 | 3.74 | 3.30 | 3.29 | 3.24 | 2.70 | 2.23 | ||||||
| Broadcom Inc. | 7.40 | 6.27 | 5.28 | 4.13 | 5.62 | 5.17 | 4.85 | 5.39 | 4.78 | 4.81 | 5.90 | 5.84 | 6.07 | 5.94 | 6.38 | 5.71 | 5.48 | 6.11 | 7.31 | 8.10 | ||||||
| Cisco Systems Inc. | 3.52 | 3.76 | 3.83 | 3.71 | 3.96 | 4.71 | 4.30 | 3.98 | 4.38 | 4.22 | 4.41 | 3.79 | 3.28 | 3.27 | 3.52 | 3.07 | 3.20 | 2.90 | 2.68 | 2.80 | ||||||
| Lam Research Corp. | 5.43 | 3.95 | 4.96 | 4.23 | 3.10 | 2.99 | 2.40 | 2.08 | 2.51 | 2.96 | 3.26 | 3.76 | 3.25 | 3.19 | 2.96 | 2.70 | 2.46 | 2.20 | 1.92 | 2.12 | ||||||
| Micron Technology Inc. | 2.73 | 2.83 | 2.54 | 2.96 | 2.15 | 1.52 | 1.62 | 1.12 | 1.58 | 2.36 | 2.43 | 2.28 | 2.30 | 1.91 | 2.15 | 1.89 | 1.44 | 0.95 | 0.81 | 0.92 | ||||||
| NVIDIA Corp. | 17.30 | 12.82 | 8.90 | 9.09 | 8.06 | 9.94 | 13.18 | 13.41 | 15.07 | 14.59 | 11.92 | 10.81 | 8.76 | 8.22 | 6.19 | 4.67 | 3.55 | 3.44 | 2.59 | 2.39 | ||||||
| Qualcomm Inc. | 6.20 | 5.25 | 3.59 | 4.24 | 3.98 | 3.52 | 4.95 | 2.82 | 3.37 | 3.82 | 3.26 | 4.52 | 3.54 | 3.71 | 3.34 | 3.53 | 4.21 | 3.60 | 3.38 | 2.97 | ||||||
| Texas Instruments Inc. | 10.81 | 9.77 | 8.87 | 7.28 | 8.54 | 7.48 | 7.66 | 7.09 | 6.38 | 5.77 | 6.96 | 6.61 | 6.83 | 6.52 | 5.68 | 5.77 | 5.77 | — | — | — | ||||||
Based on: 10-K (filing date: 2021-01-22), 10-Q (filing date: 2020-10-23), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-04-24), 10-K (filing date: 2020-01-24), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-10-31), 10-Q (filing date: 2016-08-01), 10-Q (filing date: 2016-05-02).
1 Data adjusted for splits and stock dividends.
2 Q4 2020 Calculation
Sales per share
= (Net revenueQ4 2020
+ Net revenueQ3 2020
+ Net revenueQ2 2020
+ Net revenueQ1 2020)
÷ No. shares of common stock outstanding
= (19,978,000,000 + 18,333,000,000 + 19,728,000,000 + 19,828,000,000)
÷ 4,063,000,000 = 19.16
3 Closing price as at the filing date of Intel Corp.’s Quarterly or Annual Report.
4 Q4 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 56.66 ÷ 19.16 = 2.96
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Intel Corp.’s P/S ratio decreased from Q2 2020 to Q3 2020 but then increased from Q3 2020 to Q4 2020 exceeding Q2 2020 level. |
Price to Book Value (P/BV)
Intel Corp., historical P/BV calculation (quarterly data)
| Dec 26, 2020 | Sep 26, 2020 | Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | Sep 30, 2017 | Jul 1, 2017 | Apr 1, 2017 | Dec 31, 2016 | Oct 1, 2016 | Jul 2, 2016 | Apr 2, 2016 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 4,063,000,000 | 4,098,000,000 | 4,253,000,000 | 4,234,000,000 | 4,277,000,000 | 4,350,000,000 | 4,430,000,000 | 4,477,000,000 | 4,497,000,000 | 4,564,000,000 | 4,611,000,000 | 4,660,000,000 | 4,668,000,000 | 4,680,000,000 | 4,699,000,000 | 4,709,000,000 | 4,728,000,000 | 4,739,000,000 | 4,731,000,000 | 4,722,000,000 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Stockholders’ equity (in millions) | 81,038 | 74,554 | 82,010 | 76,354 | 77,504 | 74,242 | 74,947 | 73,661 | 74,563 | 71,483 | 70,047 | 70,165 | 69,019 | 70,936 | 68,625 | 66,844 | 66,226 | 63,115 | 61,367 | 61,174 | ||||||
| Book value per share (BVPS)2 | 19.95 | 18.19 | 19.28 | 18.03 | 18.12 | 17.07 | 16.92 | 16.45 | 16.58 | 15.66 | 15.19 | 15.06 | 14.79 | 15.16 | 14.60 | 14.19 | 14.01 | 13.32 | 12.97 | 12.96 | ||||||
| Share price1, 3 | 56.66 | 48.20 | 50.59 | 59.26 | 68.47 | 56.46 | 51.59 | 52.43 | 48.73 | 45.69 | 47.68 | 52.73 | 45.56 | 41.35 | 34.97 | 37.43 | 36.48 | 34.87 | 34.85 | 30.61 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/BV ratio4 | 2.84 | 2.65 | 2.62 | 3.29 | 3.78 | 3.31 | 3.05 | 3.19 | 2.94 | 2.92 | 3.14 | 3.50 | 3.08 | 2.73 | 2.39 | 2.64 | 2.60 | 2.62 | 2.69 | 2.36 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 17.77 | 23.76 | 27.03 | 20.69 | 20.46 | 16.96 | 17.39 | 16.22 | 18.30 | 16.18 | 20.84 | 14.82 | 19.87 | 20.13 | 30.06 | 23.20 | 31.66 | 17.55 | — | — | ||||||
| Analog Devices Inc. | 4.22 | 3.70 | 3.64 | 3.90 | 3.61 | 3.40 | 3.19 | 3.40 | 3.02 | 3.35 | 3.33 | 3.22 | 3.22 | 3.10 | 3.16 | 4.75 | 4.35 | 3.96 | 3.52 | 3.27 | ||||||
| Apple Inc. | 28.33 | 25.14 | 15.98 | 15.85 | 12.21 | 9.98 | 9.15 | 6.61 | 8.93 | 8.47 | 6.84 | 5.81 | 6.61 | 6.13 | 5.72 | 5.10 | 4.81 | 4.38 | 4.11 | 4.04 | ||||||
| Applied Materials Inc. | 7.63 | 6.09 | 5.59 | 7.04 | 6.67 | 5.35 | 4.56 | 4.49 | 4.73 | 6.16 | 7.27 | 6.93 | 5.94 | 5.35 | 5.89 | 5.08 | 4.93 | 4.70 | 3.94 | 2.98 | ||||||
| Broadcom Inc. | 7.40 | 6.18 | 5.04 | 3.84 | 5.09 | 5.36 | 4.77 | 4.95 | 3.74 | 3.55 | 3.61 | 4.25 | 5.28 | 5.08 | 5.34 | 4.68 | 3.84 | 3.44 | 3.30 | 11.01 | ||||||
| Cisco Systems Inc. | 4.57 | 5.33 | 5.56 | 5.60 | 6.12 | 6.57 | 5.36 | 4.56 | 5.00 | 4.40 | 4.08 | 2.76 | 2.38 | 2.43 | 2.68 | 2.37 | 2.48 | 2.30 | 2.18 | 2.32 | ||||||
| Lam Research Corp. | 10.55 | 8.38 | 10.81 | 8.13 | 6.39 | 5.88 | 4.51 | 4.27 | 4.28 | 4.48 | 5.07 | 4.59 | 3.82 | 3.41 | 2.95 | 2.58 | 2.45 | 2.25 | 2.04 | 2.26 | ||||||
| Micron Technology Inc. | 1.50 | 1.51 | 1.35 | 1.68 | 1.40 | 1.16 | 1.41 | 1.04 | 1.49 | 2.31 | 2.45 | 2.35 | 2.51 | 2.06 | 2.22 | 2.00 | 1.48 | 1.00 | 0.91 | 1.12 | ||||||
| NVIDIA Corp. | 15.48 | 11.45 | 8.77 | 10.05 | 10.10 | 13.03 | 17.80 | 19.09 | 19.60 | 20.61 | 16.65 | 13.30 | 10.51 | 9.48 | 7.51 | 5.75 | 3.98 | 3.74 | 2.96 | 2.48 | ||||||
| Qualcomm Inc. | 24.00 | 31.75 | 29.17 | 23.03 | 19.69 | 16.28 | 27.16 | 16.79 | 82.57 | 3.78 | 3.10 | 4.22 | 2.56 | 2.68 | 2.48 | 2.69 | 3.12 | 2.68 | 2.58 | 2.35 | ||||||
| Texas Instruments Inc. | 17.02 | 16.11 | 15.88 | 13.29 | 13.79 | 12.28 | 13.75 | 12.98 | 11.20 | 8.68 | 10.26 | 9.53 | 9.89 | 8.68 | 7.52 | 7.47 | 7.36 | 6.60 | 7.01 | 5.79 | ||||||
Based on: 10-K (filing date: 2021-01-22), 10-Q (filing date: 2020-10-23), 10-Q (filing date: 2020-07-24), 10-Q (filing date: 2020-04-24), 10-K (filing date: 2020-01-24), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-04-27), 10-K (filing date: 2017-02-17), 10-Q (filing date: 2016-10-31), 10-Q (filing date: 2016-08-01), 10-Q (filing date: 2016-05-02).
1 Data adjusted for splits and stock dividends.
2 Q4 2020 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 81,038,000,000 ÷ 4,063,000,000 = 19.95
3 Closing price as at the filing date of Intel Corp.’s Quarterly or Annual Report.
4 Q4 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 56.66 ÷ 19.95 = 2.84
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. | Intel Corp.’s P/BV ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020. |