Stock Analysis on Net

KLA Corp. (NASDAQ:KLAC)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

KLA Corp., historical price multiples (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017
Price to earnings (P/E) 29.95 20.06 20.04 15.12 15.62 13.89 16.89 15.13 18.50 19.76 25.97 26.04 33.15 23.59 25.92 24.82 23.60 23.68 18.44 14.17 10.76 15.28 23.02
Price to operating profit (P/OP) 24.43 16.45 16.99 12.79 13.23 11.55 15.36 14.02 17.40 19.37 21.69 21.76 26.27 18.82 20.99 19.27 19.38 19.67 15.60 11.99 9.06 8.65 12.01
Price to sales (P/S) 8.38 6.12 6.47 4.99 5.28 4.62 6.09 5.51 6.77 7.22 7.80 7.49 7.46 5.13 5.43 4.53 5.09 5.46 4.74 4.23 3.55 3.37 4.57
Price to book value (P/BV) 26.63 20.82 23.25 19.77 21.24 21.67 40.05 11.68 13.65 13.95 15.98 15.52 15.44 11.09 11.83 11.01 10.06 10.02 8.15 6.50 9.57 8.94 11.39 11.62 14.50 11.57

Based on: 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).

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. KLA Corp. P/E ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
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. KLA Corp. P/OP ratio decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 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. KLA Corp. P/S ratio decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. KLA Corp. P/BV ratio decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.

Price to Earnings (P/E)

KLA Corp., historical P/E calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017
No. shares of common stock outstanding1 135,233,651 135,932,316 136,720,074 137,198,902 138,479,764 141,718,327 141,803,776 149,235,049 150,715,343 151,622,165 152,737,157 153,281,783 154,074,651 154,459,817 155,461,444 155,048,894 156,772,198 157,794,495 159,255,950 161,620,262 151,363,988 153,075,310 156,126,508 155,872,083 156,620,125 156,707,903
Selected Financial Data (US$)
Net income (loss) attributable to KLA (in thousands) 582,534 741,375 684,654 697,837 978,795 1,025,991 805,374 730,572 717,444 1,068,417 632,978 567,496 457,251 420,567 411,253 78,452 380,555 346,525 217,845 192,728 369,100 395,944 348,767 306,881 (134,319) 280,936
Earnings per share (EPS)2 20.01 22.83 24.78 25.57 25.57 23.14 23.43 21.10 19.81 17.98 13.61 12.11 8.88 8.36 7.83 6.60 7.26 7.14 7.38 8.08 9.39 5.99 5.14 0.00 0.00 0.00
Share price1, 3 599.37 457.93 496.47 386.54 399.37 321.50 395.74 319.26 366.65 355.34 353.35 315.35 294.23 197.18 202.85 163.81 171.28 169.04 136.12 114.55 100.99 91.54 118.27 102.18 113.44 108.07
Valuation Ratio
P/E ratio4 29.95 20.06 20.04 15.12 15.62 13.89 16.89 15.13 18.50 19.76 25.97 26.04 33.15 23.59 25.92 24.82 23.60 23.68 18.44 14.17 10.76 15.28 23.02
Benchmarks
P/E Ratio, Competitors5
Advanced Micro Devices Inc. 317.27 839.13 332.75 96.16 41.59 50.59 47.48 45.54 37.20 34.57 35.41 41.66 104.54 146.69 129.05 169.62
Analog Devices Inc. 34.12 27.14 23.57 23.96 28.93 31.21 46.35 50.61 68.72 68.31 35.88 36.19 41.93 41.43 39.23 37.97 37.64 31.04 26.42 23.89 24.87 22.17
Applied Materials Inc. 23.55 19.63 18.50 17.61 14.79 13.55 13.59 14.82 17.99 22.05 22.54 28.42 27.11 22.31 18.29 17.29 21.57 20.25 15.06 10.73 9.34 9.75
Broadcom Inc. 50.28 36.78 25.96 24.11 20.92 20.70 21.10 26.03 31.86 40.73 35.19 42.12 50.39 66.37 65.22 51.78 36.94 47.09 38.49 30.48 17.68 8.14
Intel Corp. 109.27 14.54 9.02 7.80 7.24 9.85 9.53 11.59 12.86 11.02 9.00 9.09 11.04 13.91
Lam Research Corp. 32.06 19.89 19.27 14.05 12.60 10.51 13.77 13.97 17.91 18.12 21.03 26.30 24.88 18.98 24.22 18.13 22.89 18.89 13.64 11.64 8.99 9.78 11.70
Micron Technology Inc. 43.16 8.72 6.62 5.97 9.80 14.54 13.38 21.84 32.41 28.88 21.80 25.33 21.69 17.42 7.98 4.06 3.73 2.39 3.40
NVIDIA Corp. 112.04 200.70 131.68 63.64 48.56 49.72 68.09 97.34 73.51 73.45 78.52 86.91 88.40 65.04 67.57 53.25 33.04 29.65 22.79
ON Semiconductor Corp. 15.18 12.65 23.79 18.45 18.26 15.41 16.02 16.67 25.13 35.22 35.88 47.45 73.60 49.66 76.81 40.58
Qualcomm Inc. 21.35 17.07 16.75 11.92 12.87 9.75 13.40 13.56 21.24 17.15 17.46 19.20 27.40 28.06 38.25 21.95 24.49 22.03 26.26 42.74 28.15
Texas Instruments Inc. 22.24 18.13 20.79 18.08 18.88 16.05 18.27 19.01 20.38 23.61 25.25 27.20 27.95 26.95 24.04 20.66 24.47

Based on: 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
EPS = (Net income (loss) attributable to KLAQ2 2024 + Net income (loss) attributable to KLAQ1 2024 + Net income (loss) attributable to KLAQ4 2023 + Net income (loss) attributable to KLAQ3 2023) ÷ No. shares of common stock outstanding
= (582,534,000 + 741,375,000 + 684,654,000 + 697,837,000) ÷ 135,233,651 = 20.01

3 Closing price as at the filing date of KLA Corp. Quarterly or Annual Report.

4 Q2 2024 Calculation
P/E ratio = Share price ÷ EPS
= 599.37 ÷ 20.01 = 29.95

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. KLA Corp. P/E ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Price to Operating Profit (P/OP)

KLA Corp., historical P/OP calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017
No. shares of common stock outstanding1 135,233,651 135,932,316 136,720,074 137,198,902 138,479,764 141,718,327 141,803,776 149,235,049 150,715,343 151,622,165 152,737,157 153,281,783 154,074,651 154,459,817 155,461,444 155,048,894 156,772,198 157,794,495 159,255,950 161,620,262 151,363,988 153,075,310 156,126,508 155,872,083 156,620,125 156,707,903
Selected Financial Data (US$)
Income from operations (in thousands) 733,318 899,206 824,221 860,593 1,199,179 1,110,703 974,516 894,907 965,958 818,800 719,780 672,147 570,164 526,389 453,158 175,964 462,831 410,248 268,900 243,295 433,273 443,905 423,506 385,804 366,197 361,687
Operating profit per share2 24.53 27.83 29.22 30.21 30.18 27.84 25.77 22.78 21.08 18.34 16.29 14.50 11.20 10.48 9.66 8.50 8.84 8.59 8.72 9.55 11.14 10.58 9.85 0.00 0.00 0.00
Share price1, 3 599.37 457.93 496.47 386.54 399.37 321.50 395.74 319.26 366.65 355.34 353.35 315.35 294.23 197.18 202.85 163.81 171.28 169.04 136.12 114.55 100.99 91.54 118.27 102.18 113.44 108.07
Valuation Ratio
P/OP ratio4 24.43 16.45 16.99 12.79 13.23 11.55 15.36 14.02 17.40 19.37 21.69 21.76 26.27 18.82 20.99 19.27 19.38 19.67 15.60 11.99 9.06 8.65 12.01
Benchmarks
P/OP Ratio, Competitors5
Advanced Micro Devices Inc. 675.69 782.37 100.42 36.08 43.60 40.92 39.48 49.04 47.29 55.06 75.77 80.11 101.06 81.62 91.66
Analog Devices Inc. 29.30 23.53 20.61 20.41 24.53 26.16 38.46 41.74 55.30 56.12 29.71 30.29 34.90 33.76 31.72 30.10 29.85 24.74 21.27 19.35 20.36 17.62
Applied Materials Inc. 22.03 17.58 15.53 14.65 12.26 11.35 11.57 12.68 15.55 18.85 19.43 23.98 22.70 18.50 14.76 13.85 17.50 16.36 12.41 9.45 8.18 6.74
Broadcom Inc. 41.23 31.96 22.57 20.66 17.32 16.33 16.17 20.04 24.51 30.77 27.21 30.43 35.86 44.03 41.08 35.53 25.99 36.85 28.49 23.44 24.21 19.42
Intel Corp. 1,984.43 49.91 14.19 10.76 8.87 10.06 9.88 10.65 11.76 9.72 8.03 8.28 10.08 13.29
Lam Research Corp. 28.60 17.56 16.79 11.91 10.68 8.94 11.79 12.15 15.75 15.80 18.34 23.20 21.56 15.99 20.40 14.99 19.68 16.64 12.12 11.10 8.51 7.30 8.66
Micron Technology Inc. 34.54 7.86 5.93 5.31 8.90 13.31 12.48 20.11 29.00 25.85 19.51 22.93 19.03 14.79 6.83 3.68 3.47 2.25 3.20
NVIDIA Corp. 107.14 213.96 136.17 63.84 46.93 47.25 66.13 93.13 71.24 70.98 75.05 82.81 84.53 62.32 66.39 59.72 39.72 34.03 24.81
ON Semiconductor Corp. 13.06 10.70 19.63 14.85 14.72 12.44 13.07 13.36 19.70 24.29 27.03 35.18 49.43 31.34 57.47 23.62 19.86
Qualcomm Inc. 20.09 15.85 14.36 9.90 10.47 7.95 11.41 11.80 19.06 15.84 15.54 17.26 23.79 23.32 29.96 11.05 13.01 12.60 14.09 54.63 42.67 103.26
Texas Instruments Inc. 19.75 16.15 18.24 15.69 16.29 13.69 15.53 16.30 17.67 20.89 22.42 25.48 26.53 25.17 22.86 18.39 21.46

Based on: 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
Operating profit per share = (Income from operationsQ2 2024 + Income from operationsQ1 2024 + Income from operationsQ4 2023 + Income from operationsQ3 2023) ÷ No. shares of common stock outstanding
= (733,318,000 + 899,206,000 + 824,221,000 + 860,593,000) ÷ 135,233,651 = 24.53

3 Closing price as at the filing date of KLA Corp. Quarterly or Annual Report.

4 Q2 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 599.37 ÷ 24.53 = 24.43

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. KLA Corp. P/OP ratio decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.

Price to Sales (P/S)

KLA Corp., historical P/S calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017
No. shares of common stock outstanding1 135,233,651 135,932,316 136,720,074 137,198,902 138,479,764 141,718,327 141,803,776 149,235,049 150,715,343 151,622,165 152,737,157 153,281,783 154,074,651 154,459,817 155,461,444 155,048,894 156,772,198 157,794,495 159,255,950 161,620,262 151,363,988 153,075,310 156,126,508 155,872,083 156,620,125 156,707,903
Selected Financial Data (US$)
Revenues (in thousands) 2,486,726 2,396,956 2,355,137 2,432,608 2,983,887 2,724,424 2,486,739 2,288,676 2,352,630 2,083,838 1,925,471 1,803,773 1,650,870 1,538,620 1,459,593 1,423,964 1,509,453 1,413,414 1,258,435 1,097,311 1,119,898 1,093,260 1,070,004 1,021,294 975,822 969,581
Sales per share2 71.52 74.81 76.77 77.46 75.71 69.52 64.96 57.97 54.18 49.23 45.30 42.10 39.42 38.40 37.35 36.15 33.67 30.98 28.69 27.10 28.44 27.18 25.86 0.00 0.00 0.00
Share price1, 3 599.37 457.93 496.47 386.54 399.37 321.50 395.74 319.26 366.65 355.34 353.35 315.35 294.23 197.18 202.85 163.81 171.28 169.04 136.12 114.55 100.99 91.54 118.27 102.18 113.44 108.07
Valuation Ratio
P/S ratio4 8.38 6.12 6.47 4.99 5.28 4.62 6.09 5.51 6.77 7.22 7.80 7.49 7.46 5.13 5.43 4.53 5.09 5.46 4.74 4.23 3.55 3.37 4.57
Benchmarks
P/S Ratio, Competitors5
Advanced Micro Devices Inc. 11.95 7.89 8.08 5.70 5.38 4.14 7.34 8.54 8.76 9.94 8.90 8.94 10.63 10.63 11.68 8.67 8.59
Analog Devices Inc. 8.30 7.31 6.89 6.75 7.89 7.14 7.88 8.52 10.43 12.98 9.38 9.11 10.06 9.03 7.90 7.61 7.93 7.06 6.53 6.01 6.32 5.35
Applied Materials Inc. 6.36 5.08 4.49 4.29 3.63 3.43 3.59 4.03 4.88 5.63 5.53 6.35 5.74 4.69 3.58 3.27 4.06 3.75 2.92 2.37 2.19 1.87
Broadcom Inc. 15.05 14.46 10.15 9.33 7.66 7.00 6.54 7.49 8.42 9.55 7.66 7.56 7.46 7.40 6.27 5.28 4.13 5.62 5.17 4.85 5.39 4.78
Intel Corp. 3.40 2.83 2.85 2.30 1.85 1.73 2.03 2.29 2.48 2.56 2.77 3.08 2.96 2.53 2.73 3.31 4.07
Lam Research Corp. 7.75 4.99 4.99 3.66 3.39 2.83 3.68 3.79 4.98 4.91 5.62 6.86 6.18 4.48 5.43 3.95 4.96 4.23 3.10 2.99 2.40 2.08 2.51
Micron Technology Inc. 6.64 5.83 4.94 3.88 3.02 1.99 1.87 1.83 2.84 3.62 2.83 3.54 4.41 3.93 2.73 2.83 2.54 2.96 2.15 1.52 1.62 1.12 1.58
NVIDIA Corp. 35.40 37.17 21.32 13.27 12.64 15.92 24.67 32.91 23.77 20.32 20.40 22.50 22.93 18.33 17.31 12.82 8.89 9.09 8.06
ON Semiconductor Corp. 4.02 3.37 5.57 4.06 4.17 3.29 3.62 3.36 3.76 3.74 3.18 2.94 3.28 1.92 1.71 1.19 1.56
Qualcomm Inc. 4.57 3.45 3.74 3.06 3.53 2.85 4.09 3.85 5.89 4.62 4.93 5.24 6.91 6.20 5.25 3.59 4.24 3.98 3.52 4.95 2.82 3.37
Texas Instruments Inc. 8.26 7.11 8.49 7.65 8.25 7.10 8.00 8.24 8.63 9.82 10.13 10.89 10.81 9.77 8.87 7.28 8.54

Based on: 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
Sales per share = (RevenuesQ2 2024 + RevenuesQ1 2024 + RevenuesQ4 2023 + RevenuesQ3 2023) ÷ No. shares of common stock outstanding
= (2,486,726,000 + 2,396,956,000 + 2,355,137,000 + 2,432,608,000) ÷ 135,233,651 = 71.52

3 Closing price as at the filing date of KLA Corp. Quarterly or Annual Report.

4 Q2 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 599.37 ÷ 71.52 = 8.38

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. KLA Corp. P/S ratio decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.

Price to Book Value (P/BV)

KLA Corp., historical P/BV calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017
No. shares of common stock outstanding1 135,233,651 135,932,316 136,720,074 137,198,902 138,479,764 141,718,327 141,803,776 149,235,049 150,715,343 151,622,165 152,737,157 153,281,783 154,074,651 154,459,817 155,461,444 155,048,894 156,772,198 157,794,495 159,255,950 161,620,262 151,363,988 153,075,310 156,126,508 155,872,083 156,620,125 156,707,903
Selected Financial Data (US$)
Total KLA stockholders’ equity (in thousands) 3,043,711 2,990,217 2,919,753 2,682,781 2,603,260 2,102,074 1,401,351 4,080,307 4,048,527 3,860,930 3,377,554 3,114,856 2,935,182 2,747,184 2,665,424 2,307,433 2,669,764 2,661,163 2,659,108 2,849,093 1,597,622 1,567,369 1,620,511 1,370,143 1,225,625 1,463,956
Book value per share (BVPS)2 22.51 22.00 21.36 19.55 18.80 14.83 9.88 27.34 26.86 25.46 22.11 20.32 19.05 17.79 17.15 14.88 17.03 16.86 16.70 17.63 10.55 10.24 10.38 8.79 7.83 9.34
Share price1, 3 599.37 457.93 496.47 386.54 399.37 321.50 395.74 319.26 366.65 355.34 353.35 315.35 294.23 197.18 202.85 163.81 171.28 169.04 136.12 114.55 100.99 91.54 118.27 102.18 113.44 108.07
Valuation Ratio
P/BV ratio4 26.63 20.82 23.25 19.77 21.24 21.67 40.05 11.68 13.65 13.95 15.98 15.52 15.44 11.09 11.83 11.01 10.06 10.02 8.15 6.50 9.57 8.94 11.39 11.62 14.50 11.57
Benchmarks
P/BV Ratio, Competitors5
Advanced Micro Devices Inc. 4.85 3.18 3.20 2.40 2.32 1.73 2.87 2.91 19.21 20.69 16.81 15.76 17.77 23.76 27.03 20.69 20.46 16.96 17.39 16.22
Analog Devices Inc. 2.70 2.53 2.46 2.41 2.72 2.35 2.39 2.24 2.35 2.50 4.98 4.64 4.88 4.22 3.70 3.64 3.90 3.61 3.40 3.19 3.40 3.02 3.35 3.33 3.22
Applied Materials Inc. 9.67 8.23 7.90 8.09 7.11 7.25 7.48 8.65 9.91 10.60 9.92 10.50 9.11 7.63 6.09 5.59 7.04 6.67 5.35 4.56 4.49 4.73 6.16 7.27 6.93
Broadcom Inc. 8.32 21.59 16.31 14.86 11.31 10.23 9.93 10.71 10.45 10.50 8.35 8.07 7.68 7.40 6.18 5.04 3.84 5.09 5.36 4.77 4.95 3.74 3.55 3.61 4.25
Intel Corp. 1.75 1.47 1.53 1.32 1.15 1.20 1.47 1.73 2.05 2.23 2.52 3.00 2.84 2.65 2.62 3.29 3.78 3.31 3.05 3.19
Lam Research Corp. 13.49 9.82 10.59 8.22 7.78 6.88 10.10 10.52 12.70 13.28 13.64 16.94 13.40 9.14 10.55 8.38 10.81 8.13 6.39 5.88 4.51 4.27 4.28 4.48 5.07 4.59
Micron Technology Inc. 2.77 2.20 1.74 1.55 1.47 1.09 1.15 1.20 1.85 2.33 1.79 2.13 2.55 2.17 1.50 1.51 1.35 1.68 1.40 1.16 1.41 1.04 1.49 2.31 2.45 2.35
NVIDIA Corp. 42.06 39.23 26.02 17.76 15.76 17.87 24.95 33.57 24.61 20.84 20.13 21.68 21.53 16.48 15.48 11.45 8.76 10.05 10.10 13.03 17.80 19.09
ON Semiconductor Corp. 4.26 3.76 6.66 5.25 5.61 4.70 5.12 4.84 5.53 5.75 4.96 4.42 4.87 2.93 2.78 2.00 2.60 2.71 2.24 2.86
Qualcomm Inc. 7.19 5.72 6.98 6.38 8.05 7.00 10.74 11.35 18.72 15.59 19.65 20.75 24.98 24.00 31.75 29.17 23.03 19.69 16.28 27.16 16.79 82.57 3.78 3.10 4.22
Texas Instruments Inc. 8.57 7.74 10.03 9.79 11.33 9.88 11.12 11.14 11.87 14.22 15.22 16.52 17.02 16.11 15.88 13.29 13.79 12.28 13.75 12.98

Based on: 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
BVPS = Total KLA stockholders’ equity ÷ No. shares of common stock outstanding
= 3,043,711,000 ÷ 135,233,651 = 22.51

3 Closing price as at the filing date of KLA Corp. Quarterly or Annual Report.

4 Q2 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 599.37 ÷ 22.51 = 26.63

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 required rate of return and its actual rate of return. KLA Corp. P/BV ratio decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.