Price to Earnings (P/E)
since 2005
Calculation
KLA Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to KLA1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 6, 2026 | 52.26 | = | 193.22 | ÷ | 3.70 | 3.70 | = | 4,830,771 | ÷ | 1,306,546,783 | |
| Aug 8, 2025 | 29.72 | = | 91.48 | ÷ | 3.08 | 3.08 | = | 4,061,643 | ÷ | 1,319,613,700 | |
| Aug 5, 2024 | 34.24 | = | 70.35 | ÷ | 2.05 | 2.05 | = | 2,761,896 | ÷ | 1,344,250,220 | |
| Aug 4, 2023 | 20.04 | = | 49.65 | ÷ | 2.48 | 2.48 | = | 3,387,277 | ÷ | 1,367,200,740 | |
| Aug 5, 2022 | 16.89 | = | 39.57 | ÷ | 2.34 | 2.34 | = | 3,321,807 | ÷ | 1,418,037,760 | |
| Aug 6, 2021 | 25.97 | = | 35.34 | ÷ | 1.36 | 1.36 | = | 2,078,292 | ÷ | 1,527,371,570 | |
| Aug 7, 2020 | 25.92 | = | 20.29 | ÷ | 0.78 | 0.78 | = | 1,216,785 | ÷ | 1,554,614,440 | |
| Aug 16, 2019 | 18.44 | = | 13.61 | ÷ | 0.74 | 0.74 | = | 1,175,617 | ÷ | 1,592,559,500 | |
| Aug 6, 2018 | 23.02 | = | 11.83 | ÷ | 0.51 | 0.51 | = | 802,265 | ÷ | 1,561,265,080 | |
| Aug 4, 2017 | 15.04 | = | 8.88 | ÷ | 0.59 | 0.59 | = | 926,076 | ÷ | 1,568,404,200 | |
| Aug 5, 2016 | 17.18 | = | 7.76 | ÷ | 0.45 | 0.45 | = | 704,422 | ÷ | 1,559,950,030 | |
| Aug 7, 2015 | 22.54 | = | 5.24 | ÷ | 0.23 | 0.23 | = | 366,158 | ÷ | 1,575,308,780 | |
| Aug 8, 2014 | 20.52 | = | 7.23 | ÷ | 0.35 | 0.35 | = | 582,755 | ÷ | 1,653,681,520 | |
| Aug 8, 2013 | 17.82 | = | 5.84 | ÷ | 0.33 | 0.33 | = | 543,149 | ÷ | 1,657,319,110 | |
| Aug 6, 2012 | 11.45 | = | 5.20 | ÷ | 0.45 | 0.45 | = | 756,015 | ÷ | 1,665,163,160 | |
| Aug 5, 2011 | 7.61 | = | 3.62 | ÷ | 0.48 | 0.48 | = | 794,488 | ÷ | 1,670,002,170 | |
| Aug 6, 2010 | 25.53 | = | 3.23 | ÷ | 0.13 | 0.13 | = | 212,300 | ÷ | 1,678,314,650 | |
| Aug 7, 2009 | — | = | 3.12 | ÷ | -0.31 | -0.31 | = | -523,368 | ÷ | 1,706,680,730 | |
| Aug 7, 2008 | 18.23 | = | 3.78 | ÷ | 0.21 | 0.21 | = | 359,083 | ÷ | 1,732,228,000 | |
| Aug 20, 2007 | 21.95 | = | 6.00 | ÷ | 0.27 | 0.27 | = | 528,098 | ÷ | 1,931,537,110 | |
| Jan 29, 2007 | 25.83 | = | 4.92 | ÷ | 0.19 | 0.19 | = | 380,452 | ÷ | 1,997,259,570 | |
| Sep 2, 2005 | 20.83 | = | 4.92 | ÷ | 0.24 | 0.24 | = | 466,695 | ÷ | 1,975,858,230 |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 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.
The financial trajectory of KLA Corp. from 2005 to 2026 is characterized by a long period of valuation stability followed by a phase of aggressive expansion in both share price and valuation multiples. While earnings grew steadily after a period of early volatility, the most significant shift is observed in the market's valuation of those earnings toward the end of the period.
- Price-to-Earnings (P/E) Ratio Trends
- Between 2005 and 2022, the P/E ratio primarily oscillated between 15.04 and 25.97, indicating a relatively consistent valuation range. A notable outlier occurred in 2011, when the ratio contracted to a period low of 7.61. However, a sharp upward trend emerged after 2022, with the P/E ratio rising to 34.24 in 2023 and accelerating to 52.26 by 2026. This indicates a significant expansion in the valuation multiple, suggesting increased investor expectations for future growth.
- Earnings Per Share (EPS) Analysis
- Earnings demonstrated volatility during the first decade, most notably falling to -0.31 in 2009. A consistent recovery followed, with EPS trending upward from 0.13 in 2010 to 0.78 in 2020. A period of rapid fundamental growth is evident from 2021 onward, as EPS climbed from 1.36 to 3.70 by 2026, reflecting a substantial increase in profitability per share.
- Share Price Appreciation
- Share prices remained relatively stagnant or grew moderately from 2005 until 2017. A period of accelerated growth began thereafter, with the price rising from 8.88 in 2017 to 193.22 in 2026. The surge in share price in the final years of the data is the result of a dual effect: a strong increase in actual earnings per share combined with a significant expansion of the P/E multiple.
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Comparison to Competitors
KLA Corp., P/E, 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. | Marvell Technology Inc. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 6, 2026 | 52.26 | — | — | — | — | — | 53.62 | 29.61 | — | 39.58 | — | — |
| Aug 8, 2025 | 29.72 | 75.29 | 54.43 | 29.37 | 67.63 | — | 24.09 | — | 24.69 | 43.95 | 34.74 | 40.19 |
| Aug 5, 2024 | 34.24 | 110.61 | 66.48 | 19.20 | 175.56 | — | 27.05 | — | 145.72 | 56.68 | 18.95 | 34.72 |
| Aug 4, 2023 | 20.04 | 317.27 | 27.14 | 19.63 | 36.78 | 109.27 | 19.26 | — | — | 131.70 | 17.07 | 22.24 |
| Aug 5, 2022 | 16.89 | 96.16 | 31.21 | 13.55 | 20.70 | 14.54 | 13.77 | — | 6.62 | 68.08 | 9.75 | 18.88 |
| Aug 6, 2021 | 25.97 | 45.54 | 68.31 | 22.05 | 40.73 | 10.59 | 21.03 | — | 13.38 | 78.54 | 17.15 | 20.38 |
| Aug 7, 2020 | 25.92 | 41.66 | 41.43 | 22.31 | 66.38 | 11.02 | 24.23 | 7.94 | 21.80 | 67.59 | 28.06 | 27.95 |
| Aug 16, 2019 | 18.44 | 169.62 | 31.04 | 20.25 | 47.09 | 13.91 | 13.64 | — | 7.98 | 22.77 | 22.03 | 24.47 |
| Aug 6, 2018 | 23.02 | 68.76 | 22.17 | 9.75 | 8.14 | 10.41 | 11.70 | 20.02 | 3.40 | 48.05 | — | 18.05 |
| Aug 4, 2017 | 15.04 | 282.39 | 44.94 | 16.16 | 63.27 | 22.15 | 15.33 | 372.92 | 9.20 | 36.34 | 31.96 | 27.77 |
| Aug 5, 2016 | 17.18 | — | 26.07 | 20.68 | — | 16.72 | 15.81 | — | — | 28.95 | 17.37 | 21.45 |
| Aug 7, 2015 | 22.54 | — | 27.06 | 15.88 | 28.48 | 11.85 | 17.37 | 17.70 | 6.25 | 19.88 | 17.18 | 17.66 |
| Aug 8, 2014 | 20.52 | — | 27.51 | 27.87 | 98.35 | 13.90 | 18.20 | 24.44 | 11.39 | 22.17 | 16.11 | 21.89 |
| Aug 8, 2013 | 17.82 | — | 23.06 | 78.13 | 23.31 | 12.80 | 66.48 | 17.31 | 14.78 | 14.02 | 17.19 | 22.29 |
| Aug 6, 2012 | 11.45 | — | 18.56 | 118.67 | 13.97 | 9.48 | 37.82 | 14.87 | — | 15.69 | 16.21 | 21.47 |
| Aug 5, 2011 | 7.61 | 10.61 | 11.45 | 7.52 | 12.75 | 10.29 | 6.16 | 11.31 | 32.47 | 41.12 | 20.59 | 17.06 |
| Aug 6, 2010 | 25.53 | 13.36 | 15.08 | 18.91 | 15.37 | 10.60 | 13.40 | 36.98 | 4.16 | — | 22.76 | 12.93 |
| Aug 7, 2009 | — | 17.53 | 35.03 | — | — | 26.39 | — | 39.76 | — | — | 46.01 | 20.53 |
| Aug 7, 2008 | 18.23 | — | 6.28 | 14.45 | — | 12.70 | 10.91 | — | — | 13.91 | 17.31 | 10.17 |
| Aug 20, 2007 | 21.95 | — | 18.79 | 14.37 | — | 16.91 | 6.95 | — | — | 22.62 | 19.70 | 15.55 |
| Jan 29, 2007 | 25.83 | — | 20.98 | 16.71 | — | 23.84 | 17.41 | 50.71 | 25.89 | 27.68 | 24.33 | 10.29 |
| Sep 2, 2005 | 20.83 | 118.04 | 33.33 | 25.22 | — | 13.93 | 13.36 | 67.90 | 45.76 | 42.67 | 30.98 | 20.56 |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 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/E, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| KLA Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Aug 6, 2026 | 52.26 | — |
| Aug 8, 2025 | 29.72 | 47.92 |
| Aug 5, 2024 | 34.24 | 81.32 |
| Aug 4, 2023 | 20.04 | 49.31 |
| Aug 5, 2022 | 16.89 | 23.72 |
| Aug 6, 2021 | 25.97 | 25.08 |
| Aug 7, 2020 | 25.92 | 24.71 |
| Aug 16, 2019 | 18.44 | 19.59 |
| Aug 6, 2018 | 23.02 | 13.92 |
| Aug 4, 2017 | 15.04 | 24.36 |
| Aug 5, 2016 | 17.18 | 26.55 |
| Aug 7, 2015 | 22.54 | 15.22 |
| Aug 8, 2014 | 20.52 | 17.33 |
| Aug 8, 2013 | 17.82 | 17.07 |
| Aug 6, 2012 | 11.45 | 15.65 |
| Aug 5, 2011 | 7.61 | 12.72 |
| Aug 6, 2010 | 25.53 | 13.77 |
| Aug 7, 2009 | — | 55.18 |
| Aug 7, 2008 | 18.23 | 21.75 |
| Aug 20, 2007 | 21.95 | 23.45 |
| Jan 29, 2007 | 25.83 | 20.73 |
| Sep 2, 2005 | 20.83 | 20.78 |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 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/E, long-term trends, comparison to industry (information technology)
| KLA Corp. | Information Technology | |
|---|---|---|
| Aug 6, 2026 | 52.26 | — |
| Aug 8, 2025 | 29.72 | 40.70 |
| Aug 5, 2024 | 34.24 | 45.43 |
| Aug 4, 2023 | 20.04 | 36.13 |
| Aug 5, 2022 | 16.89 | 26.99 |
| Aug 6, 2021 | 25.97 | 29.75 |
| Aug 7, 2020 | 25.92 | 30.97 |
| Aug 16, 2019 | 18.44 | 23.40 |
| Aug 6, 2018 | 23.02 | 23.17 |
| Aug 4, 2017 | 15.04 | 23.55 |
| Aug 5, 2016 | 17.18 | 19.69 |
| Aug 7, 2015 | 22.54 | 16.54 |
| Aug 8, 2014 | 20.52 | 17.14 |
| Aug 8, 2013 | 17.82 | 14.15 |
| Aug 6, 2012 | 11.45 | 14.37 |
| Aug 5, 2011 | 7.61 | 13.71 |
| Aug 6, 2010 | 25.53 | 15.08 |
| Aug 7, 2009 | — | 21.50 |
| Aug 7, 2008 | 18.23 | 15.83 |
| Aug 20, 2007 | 21.95 | 36.48 |
| Jan 29, 2007 | 25.83 | 32.07 |
| Sep 2, 2005 | 20.83 | 33.76 |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 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).