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 8, 2025 | 29.72 | = | 914.80 | ÷ | 30.78 | 30.78 | = | 4,061,643 | ÷ | 131,961,370 | |
| Aug 5, 2024 | 34.24 | = | 703.48 | ÷ | 20.55 | 20.55 | = | 2,761,896 | ÷ | 134,425,022 | |
| Aug 4, 2023 | 20.04 | = | 496.47 | ÷ | 24.78 | 24.78 | = | 3,387,277 | ÷ | 136,720,074 | |
| Aug 5, 2022 | 16.89 | = | 395.74 | ÷ | 23.43 | 23.43 | = | 3,321,807 | ÷ | 141,803,776 | |
| Aug 6, 2021 | 25.97 | = | 353.35 | ÷ | 13.61 | 13.61 | = | 2,078,292 | ÷ | 152,737,157 | |
| Aug 7, 2020 | 25.92 | = | 202.85 | ÷ | 7.83 | 7.83 | = | 1,216,785 | ÷ | 155,461,444 | |
| Aug 16, 2019 | 18.44 | = | 136.12 | ÷ | 7.38 | 7.38 | = | 1,175,617 | ÷ | 159,255,950 | |
| Aug 6, 2018 | 23.02 | = | 118.27 | ÷ | 5.14 | 5.14 | = | 802,265 | ÷ | 156,126,508 | |
| Aug 4, 2017 | 15.04 | = | 88.83 | ÷ | 5.90 | 5.90 | = | 926,076 | ÷ | 156,840,420 | |
| Aug 5, 2016 | 17.19 | = | 77.63 | ÷ | 4.52 | 4.52 | = | 704,422 | ÷ | 155,995,003 | |
| Aug 7, 2015 | 22.52 | = | 52.35 | ÷ | 2.32 | 2.32 | = | 366,158 | ÷ | 157,530,878 | |
| Aug 8, 2014 | 20.53 | = | 72.34 | ÷ | 3.52 | 3.52 | = | 582,755 | ÷ | 165,368,152 | |
| Aug 8, 2013 | 17.83 | = | 58.43 | ÷ | 3.28 | 3.28 | = | 543,149 | ÷ | 165,731,911 | |
| Aug 6, 2012 | 11.46 | = | 52.03 | ÷ | 4.54 | 4.54 | = | 756,015 | ÷ | 166,516,316 | |
| Aug 5, 2011 | 7.61 | = | 36.20 | ÷ | 4.76 | 4.76 | = | 794,488 | ÷ | 167,000,217 | |
| Aug 6, 2010 | 25.53 | = | 32.30 | ÷ | 1.26 | 1.26 | = | 212,300 | ÷ | 167,831,465 | |
| Aug 7, 2009 | — | = | 31.21 | ÷ | -3.07 | -3.07 | = | -523,368 | ÷ | 170,668,073 | |
| Aug 7, 2008 | 18.23 | = | 37.78 | ÷ | 2.07 | 2.07 | = | 359,083 | ÷ | 173,222,800 | |
| Aug 20, 2007 | 21.96 | = | 60.03 | ÷ | 2.73 | 2.73 | = | 528,098 | ÷ | 193,153,711 | |
| Jan 29, 2007 | 25.83 | = | 49.21 | ÷ | 1.90 | 1.90 | = | 380,452 | ÷ | 199,725,957 | |
| Sep 2, 2005 | 20.82 | = | 49.17 | ÷ | 2.36 | 2.36 | = | 466,695 | ÷ | 197,585,823 |
Based on: 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.
- Share Price Trend
- The share price demonstrates an overall upward trajectory over the observed periods. Starting at $49.17 in September 2005, the price experienced fluctuations, including a decline to a low of $31.21 in August 2009. Subsequent years saw significant recovery and growth, reaching $914.80 by August 2025. Notable accelerations occurred after 2020, where the price surged from $202.85 to over $900 within five years, indicating strong market confidence or growth prospects.
- Earnings Per Share (EPS) Trend
- EPS figures show variability, with some periods of decline and recovery. Initial EPS was $2.36 in 2005, declining to a negative value of -$3.07 in August 2009, indicative of a loss during that fiscal period. From that low, EPS rebounded steadily, reaching $30.78 by August 2025. The growth in EPS from 2016 onwards appears consistent, suggesting improving profitability and operational performance over the latter half of the timeline.
- Price-to-Earnings (P/E) Ratio Analysis
- The P/E ratio fluctuates significantly across the timeline. Early periods show ratios mostly ranging between 15 and 26, reflecting moderate valuation levels relative to earnings. Some missing data points present challenges, but available values post-2015 tend to vary with increases up to 34.24 in 2024, before slightly decreasing to 29.72 in 2025. The variations suggest investor sentiment and valuation adjustments responding to earnings changes and share price movements.
- Correlations and Insights
- Periods of declining EPS generally correlate with lower or volatile share prices and fluctuations in the P/E ratio. The recovery and strong growth in EPS post-2009 closely mirror the upward trend in share prices. However, P/E ratios do not uniformly increase, suggesting that price appreciation sometimes outpaces or lags behind earnings growth. The high P/E ratios in recent years may indicate elevated market expectations for future earnings potential.
- Overall Summary
- The financial indicators reflect a company that experienced a challenging period around 2009, evidenced by negative EPS and lower share prices. Since then, there has been marked improvement in profitability and investor valuation, culminating in substantial growth in both share price and earnings. The P/E ratio's variability points to changing market perceptions and possibly cyclicality in earnings or sector conditions. Overall, the data suggest sustained positive momentum in financial performance and market valuation over the long term.
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. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 8, 2025 | 29.72 | — | — | — | — | — | 24.09 | — | 43.95 | — | — |
| 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 | 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 | 3.40 | 48.05 | — | 18.05 |
| Aug 4, 2017 | 15.04 | 282.39 | 44.94 | 16.16 | 63.27 | 22.15 | 15.33 | 9.20 | 36.34 | 31.96 | 27.77 |
| Aug 5, 2016 | 17.19 | — | 26.07 | 20.68 | — | 16.72 | 15.81 | — | 28.95 | 17.37 | 21.45 |
| Aug 7, 2015 | 22.52 | — | 27.06 | 15.88 | 28.48 | 11.85 | 17.37 | 6.25 | 19.88 | 17.18 | 17.66 |
| Aug 8, 2014 | 20.53 | — | 27.51 | 27.87 | 98.35 | 13.90 | 18.20 | 11.39 | 22.17 | 16.11 | 21.89 |
| Aug 8, 2013 | 17.83 | — | 23.06 | 78.13 | 23.31 | 12.80 | 66.48 | 14.78 | 14.02 | 17.19 | 22.29 |
| Aug 6, 2012 | 11.46 | — | 18.56 | 118.67 | 13.97 | 9.48 | 37.82 | — | 15.69 | 16.21 | 21.47 |
| Aug 5, 2011 | 7.61 | 10.61 | 11.45 | 7.52 | 12.75 | 10.29 | 6.16 | 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 | 4.16 | — | 22.76 | 12.93 |
| Aug 7, 2009 | — | 17.53 | 35.03 | — | — | 26.39 | — | — | — | 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 | 21.96 | — | 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 | 25.89 | 27.68 | 24.33 | 10.29 |
| Sep 2, 2005 | 20.82 | 118.04 | 33.33 | 25.22 | — | 13.93 | 13.36 | 45.76 | 42.67 | 30.98 | 20.56 |
Based on: 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 8, 2025 | 29.72 | — |
| Aug 5, 2024 | 34.24 | 78.62 |
| Aug 4, 2023 | 20.04 | 48.39 |
| Aug 5, 2022 | 16.89 | 22.88 |
| Aug 6, 2021 | 25.97 | 24.52 |
| Aug 7, 2020 | 25.92 | 25.24 |
| Aug 16, 2019 | 18.44 | 19.28 |
| Aug 6, 2018 | 23.02 | 13.87 |
| Aug 4, 2017 | 15.04 | 24.12 |
| Aug 5, 2016 | 17.19 | 25.31 |
| Aug 7, 2015 | 22.52 | 15.18 |
| Aug 8, 2014 | 20.53 | 17.26 |
| Aug 8, 2013 | 17.83 | 17.06 |
| Aug 6, 2012 | 11.46 | 15.68 |
| Aug 5, 2011 | 7.61 | 12.77 |
| Aug 6, 2010 | 25.53 | 13.41 |
| Aug 7, 2009 | — | 55.64 |
| Aug 7, 2008 | 18.23 | 20.73 |
| Aug 20, 2007 | 21.96 | 22.62 |
| Jan 29, 2007 | 25.83 | 20.07 |
| Sep 2, 2005 | 20.82 | 20.37 |
Based on: 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 8, 2025 | 29.72 | — |
| Aug 5, 2024 | 34.24 | 45.22 |
| Aug 4, 2023 | 20.04 | 36.08 |
| Aug 5, 2022 | 16.89 | 26.90 |
| Aug 6, 2021 | 25.97 | 29.73 |
| Aug 7, 2020 | 25.92 | 31.25 |
| Aug 16, 2019 | 18.44 | 23.31 |
| Aug 6, 2018 | 23.02 | 23.20 |
| Aug 4, 2017 | 15.04 | 23.46 |
| Aug 5, 2016 | 17.19 | 19.50 |
| Aug 7, 2015 | 22.52 | 16.54 |
| Aug 8, 2014 | 20.53 | 17.12 |
| Aug 8, 2013 | 17.83 | 14.15 |
| Aug 6, 2012 | 11.46 | 14.37 |
| Aug 5, 2011 | 7.61 | 13.74 |
| Aug 6, 2010 | 25.53 | 14.99 |
| Aug 7, 2009 | — | 21.44 |
| Aug 7, 2008 | 18.23 | 15.67 |
| Aug 20, 2007 | 21.96 | 36.25 |
| Jan 29, 2007 | 25.83 | 31.93 |
| Sep 2, 2005 | 20.82 | 33.62 |
Based on: 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).