Price to Earnings (P/E)
since 2005
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Microchip Technology Inc. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Analysis of Revenues
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Calculation
Microchip Technology Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| May 20, 2022 | = | ÷ | = | ÷ | |||||||
| May 18, 2021 | = | ÷ | = | ÷ | |||||||
| May 22, 2020 | = | ÷ | = | ÷ | |||||||
| May 30, 2019 | = | ÷ | = | ÷ | |||||||
| May 18, 2018 | = | ÷ | = | ÷ | |||||||
| May 30, 2017 | = | ÷ | = | ÷ | |||||||
| May 24, 2016 | = | ÷ | = | ÷ | |||||||
| May 27, 2015 | = | ÷ | = | ÷ | |||||||
| May 30, 2014 | = | ÷ | = | ÷ | |||||||
| May 30, 2013 | = | ÷ | = | ÷ | |||||||
| May 30, 2012 | = | ÷ | = | ÷ | |||||||
| May 31, 2011 | = | ÷ | = | ÷ | |||||||
| Jun 2, 2010 | = | ÷ | = | ÷ | |||||||
| May 29, 2009 | = | ÷ | = | ÷ | |||||||
| May 28, 2008 | = | ÷ | = | ÷ | |||||||
| May 25, 2007 | = | ÷ | = | ÷ | |||||||
| May 31, 2006 | = | ÷ | = | ÷ | |||||||
| May 23, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Microchip Technology Inc. Annual Report.
The share price exhibited notable fluctuations over the observed period. Initially, the share price increased from $14.98 in May 2005 to a peak of $19.77 in May 2011, with some intermediate volatility. Subsequently, it experienced a decline, reaching a low point of $15.65 in May 2012, followed by a significant upward trend culminating in a peak of $71.22 in May 2021. However, after this peak, the share price decreased to $66.67 by May 2022, indicating some correction after the rapid increase.
Earnings per share (EPS) displayed considerable variability throughout the years. EPS increased from $0.51 in May 2005 to $1.10 in May 2011, though this period was punctuated by fluctuations, including a sharp decline to $0.32 in May 2013. Post-2013, EPS showed cyclical movements but trended upwards, achieving a high of $2.32 in May 2022, which represents the highest value within the timeframe. The data indicates periods of both growth and contraction in earnings, reflecting possible operational or market challenges affecting profitability.
The price-to-earnings (P/E) ratio displayed a highly variable pattern over the years. Initially remaining in the range of approximately 15 to 30 between 2005 and 2012, a sharp spike occurred in the years following, reaching an extreme high of 114.98 in May 2017. Although it declined afterwards, it remained elevated compared to the early years, with values such as 111.51 in May 2021. This elevated P/E indicates that the market placed high growth expectations on the company during these years, despite some fluctuations in earnings. The sharp increase in P/E ratios during certain years reflects a divergence between share price increases and slower growth or declines in EPS.
Overall, the data indicates a company experiencing significant growth in share value, punctuated by periods of earnings volatility. Elevated P/E ratios in later years suggest investor optimism or premium valuation not fully matched by earnings growth until the recent high EPS in May 2022.
- Share Price
- General upward trend with notable volatility and a peak in May 2021 followed by a slight correction in May 2022.
- Earnings Per Share (EPS)
- Fluctuating EPS indicating variable profitability, with a general increase over the long term and a record high in May 2022.
- Price-to-Earnings (P/E) Ratio
- Broadly stable at moderate levels early on, followed by extreme spikes indicating market optimism disconnecting from earnings growth, then a partial normalization.
Comparison to Competitors
Microchip Technology Inc., P/E, long-term trends, comparison to competitors
| Microchip Technology Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 20, 2022 | ||||||||||||
| May 18, 2021 | ||||||||||||
| May 22, 2020 | ||||||||||||
| May 30, 2019 | ||||||||||||
| May 18, 2018 | ||||||||||||
| May 30, 2017 | ||||||||||||
| May 24, 2016 | ||||||||||||
| May 27, 2015 | ||||||||||||
| May 30, 2014 | ||||||||||||
| May 30, 2013 | ||||||||||||
| May 30, 2012 | ||||||||||||
| May 31, 2011 | ||||||||||||
| Jun 2, 2010 | ||||||||||||
| May 29, 2009 | ||||||||||||
| May 28, 2008 | ||||||||||||
| May 25, 2007 | ||||||||||||
| May 31, 2006 | ||||||||||||
| May 23, 2005 |
Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Microchip Technology Inc., P/E, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Microchip Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| May 20, 2022 | ||
| May 18, 2021 | ||
| May 22, 2020 | ||
| May 30, 2019 | ||
| May 18, 2018 | ||
| May 30, 2017 | ||
| May 24, 2016 | ||
| May 27, 2015 | ||
| May 30, 2014 | ||
| May 30, 2013 | ||
| May 30, 2012 | ||
| May 31, 2011 | ||
| Jun 2, 2010 | ||
| May 29, 2009 | ||
| May 28, 2008 | ||
| May 25, 2007 | ||
| May 31, 2006 | ||
| May 23, 2005 |
Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).
Comparison to Industry (Information Technology)
Microchip Technology Inc., P/E, long-term trends, comparison to industry (information technology)
| Microchip Technology Inc. | Information Technology | |
|---|---|---|
| May 20, 2022 | ||
| May 18, 2021 | ||
| May 22, 2020 | ||
| May 30, 2019 | ||
| May 18, 2018 | ||
| May 30, 2017 | ||
| May 24, 2016 | ||
| May 27, 2015 | ||
| May 30, 2014 | ||
| May 30, 2013 | ||
| May 30, 2012 | ||
| May 31, 2011 | ||
| Jun 2, 2010 | ||
| May 29, 2009 | ||
| May 28, 2008 | ||
| May 25, 2007 | ||
| May 31, 2006 | ||
| May 23, 2005 |
Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-03-31), 10-K (reporting date: 2008-03-31), 10-K (reporting date: 2007-03-31), 10-K (reporting date: 2006-03-31), 10-K (reporting date: 2005-03-31).