Price to Book Value (P/BV)
since 2005
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KLA Corp. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Net Profit Margin since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
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Calculation
KLA Corp., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total KLA stockholders’ equity1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 5, 2024 | = | ÷ | = | ÷ | |||||||
| Aug 4, 2023 | = | ÷ | = | ÷ | |||||||
| Aug 5, 2022 | = | ÷ | = | ÷ | |||||||
| Aug 6, 2021 | = | ÷ | = | ÷ | |||||||
| Aug 7, 2020 | = | ÷ | = | ÷ | |||||||
| Aug 16, 2019 | = | ÷ | = | ÷ | |||||||
| Aug 6, 2018 | = | ÷ | = | ÷ | |||||||
| Aug 4, 2017 | = | ÷ | = | ÷ | |||||||
| Aug 5, 2016 | = | ÷ | = | ÷ | |||||||
| Aug 7, 2015 | = | ÷ | = | ÷ | |||||||
| Aug 8, 2014 | = | ÷ | = | ÷ | |||||||
| Aug 8, 2013 | = | ÷ | = | ÷ | |||||||
| Aug 6, 2012 | = | ÷ | = | ÷ | |||||||
| Aug 5, 2011 | = | ÷ | = | ÷ | |||||||
| Aug 6, 2010 | = | ÷ | = | ÷ | |||||||
| Aug 7, 2009 | = | ÷ | = | ÷ | |||||||
| Aug 7, 2008 | = | ÷ | = | ÷ | |||||||
| Aug 20, 2007 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2007 | = | ÷ | = | ÷ | |||||||
| Sep 2, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of KLA Corp. Annual Report.
- Share Price
- The share price demonstrated notable volatility and an overall upward trajectory over the examined period. Starting at $49.17 in 2005, the share price peaked at $60.03 in mid-2007 before experiencing a decline to a low of $31.21 by mid-2009. Subsequently, a steady recovery and substantial growth followed, reaching significant highs of $202.85 in 2020 and escalating sharply to $703.48 by mid-2024. This trend indicates increasing market confidence and potential company growth, particularly pronounced in the later years.
- Book Value per Share (BVPS)
- The book value per share showed fluctuations throughout the periods analyzed. Initially, it rose from $15.41 in 2005 to a peak of $22.19 in 2014, followed by a sharp drop to $2.68 in 2015. After 2015, the BVPS experienced recovery and gradual increases, reaching $25.06 by 2024. Despite some irregularities and data variability, the long-term trend suggests an increase in the underlying net asset value per share, although with notable disruptions during the middle years.
- Price-to-Book Value Ratio (P/BV)
- The price-to-book value ratio presented significant fluctuations, especially in the second half of the period. Early on, the ratio varied between approximately 2 and 3.5, reflecting moderate market valuations relative to book value. However, from 2014 onwards, this ratio surged dramatically, reaching very high values such as 19.57 in 2014 and peaking at 40.05 in 2022. While the ratio declined somewhat thereafter, it remained elevated at 28.07 in 2024. These elevated ratios indicate that the market price outpaced the book value per share substantially in recent years, suggesting strong growth expectations or possible overvaluation perceptions.
- Overall Insights
- The data reveal a pattern of increasing market valuation over the nearly two-decade period, with particularly strong gains from 2018 onward. The share price growth considerably outpaced the book value per share increase, reflected in the elevated and volatile P/BV ratios in recent years. The sharp declines in book value around 2014-2015 may have influenced the high P/BV ratios in that interval. The rising trend in share price accompanied by fluctuating but generally increasing BVPS suggests the company may have experienced phases of restructuring, investment, or other factors affecting net asset value. The market's willingness to pay a premium compared to book value implies positive sentiment towards future earnings potential or intangible asset growth.
Comparison to Competitors
KLA Corp., P/BV, long-term trends, comparison to competitors
| KLA Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 5, 2024 | |||||||||||
| Aug 4, 2023 | |||||||||||
| Aug 5, 2022 | |||||||||||
| Aug 6, 2021 | |||||||||||
| Aug 7, 2020 | |||||||||||
| Aug 16, 2019 | |||||||||||
| Aug 6, 2018 | |||||||||||
| Aug 4, 2017 | |||||||||||
| Aug 5, 2016 | |||||||||||
| Aug 7, 2015 | |||||||||||
| Aug 8, 2014 | |||||||||||
| Aug 8, 2013 | |||||||||||
| Aug 6, 2012 | |||||||||||
| Aug 5, 2011 | |||||||||||
| Aug 6, 2010 | |||||||||||
| Aug 7, 2009 | |||||||||||
| Aug 7, 2008 | |||||||||||
| Aug 20, 2007 | |||||||||||
| Jan 29, 2007 | |||||||||||
| Sep 2, 2005 |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
KLA Corp., P/BV, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| KLA Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Aug 5, 2024 | ||
| Aug 4, 2023 | ||
| Aug 5, 2022 | ||
| Aug 6, 2021 | ||
| Aug 7, 2020 | ||
| Aug 16, 2019 | ||
| Aug 6, 2018 | ||
| Aug 4, 2017 | ||
| Aug 5, 2016 | ||
| Aug 7, 2015 | ||
| Aug 8, 2014 | ||
| Aug 8, 2013 | ||
| Aug 6, 2012 | ||
| Aug 5, 2011 | ||
| Aug 6, 2010 | ||
| Aug 7, 2009 | ||
| Aug 7, 2008 | ||
| Aug 20, 2007 | ||
| Jan 29, 2007 | ||
| Sep 2, 2005 |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Industry (Information Technology)
KLA Corp., P/BV, long-term trends, comparison to industry (information technology)
| KLA Corp. | Information Technology | |
|---|---|---|
| Aug 5, 2024 | ||
| Aug 4, 2023 | ||
| Aug 5, 2022 | ||
| Aug 6, 2021 | ||
| Aug 7, 2020 | ||
| Aug 16, 2019 | ||
| Aug 6, 2018 | ||
| Aug 4, 2017 | ||
| Aug 5, 2016 | ||
| Aug 7, 2015 | ||
| Aug 8, 2014 | ||
| Aug 8, 2013 | ||
| Aug 6, 2012 | ||
| Aug 5, 2011 | ||
| Aug 6, 2010 | ||
| Aug 7, 2009 | ||
| Aug 7, 2008 | ||
| Aug 20, 2007 | ||
| Jan 29, 2007 | ||
| Sep 2, 2005 |
Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).