Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

$24.99

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

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

Microsoft Excel

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 Trend
The share price exhibited considerable volatility over the observed periods. Starting at $49.17 in September 2005, it experienced an initial rise and fall, reaching a notable trough at $31.21 by August 2009. Subsequently, there was a pronounced upward trend, accelerating significantly after 2014, culminating in a substantial increase to $703.48 by August 2024. This represents a strong growth trajectory in the latter years, with a particularly sharp rise from 2020 onwards.
Earnings Per Share (EPS) Trend
The EPS showed variability and occasional volatility throughout the timeframe. Early in the period, EPS declined to a negative value of -$3.07 in August 2009, indicating a loss. Following this low, EPS recovered and began a general upward trajectory, despite some fluctuations. From 2015 onward, EPS grew steadily, reaching a peak of $24.78 in August 2023 before slightly declining to $20.55 in August 2024. Overall, EPS reflects improving profitability over the long term, with some short-term inconsistencies.
Price-to-Earnings (P/E) Ratio Analysis
The P/E ratio experienced fluctuations aligned with the changes in share price and EPS. Initially, the P/E was moderately high at 20.82 in September 2005 and fluctuated moderately, peaking at 25.83 by January 2007. There was a notable drop to 7.61 in August 2011, coinciding with a rebound in EPS. The ratio then moved within a range of approximately 15 to 25 until 2019. From 2020 to 2024, the P/E ratio showed variability, starting at 25.92, dipping to a low of 16.89 in 2022, then climbing again to 34.24 by August 2024. The increasing P/E in the most recent year suggests heightened investor expectations relative to earnings.
Overall Insights
The data reveals a company that experienced early challenges, including a loss period around 2009, followed by a sustained recovery and growth phase. The substantial increase in share price and EPS in the last decade underscores improved financial performance and market confidence. The volatility in P/E ratios reflects changing market sentiments and adjustments in valuation relative to earnings. The latest years indicate substantial market optimism despite a slight decline in EPS, as evidenced by the rising share price and elevated P/E ratio.

Comparison to Competitors

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

Microsoft Excel

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)


Comparison to Industry (Information Technology)