Price to Earnings (P/E)
since 2005
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Texas Instruments Inc. pages available for free this week:
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Total Asset Turnover since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
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Calculation
Texas Instruments Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 14, 2025 | = | ÷ | = | ÷ | |||||||
| Feb 2, 2024 | = | ÷ | = | ÷ | |||||||
| Feb 3, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 4, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 5, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 20, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2007 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Texas Instruments Inc. Annual Report.
- Share Price Trend
- The share price experienced fluctuations over the analyzed period, starting approximately at $30 in 2006. It peaked initially near $31 in early 2008 but declined sharply to about $15 in early 2009, reflecting a significant dip likely connected to broader market conditions. Subsequently, the share price followed a general upward trajectory, reaching a peak of approximately $182 by early 2023. A minor decrease occurred in early 2024, with the price dipping to around $159, before recovering again to approximately $183 by early 2025. Overall, the trend signifies strong growth, especially from 2010 onwards, with notable volatility in mid-period years.
- Earnings Per Share (EPS) Trend
- EPS demonstrated considerable variability throughout the period. Initial values were moderate, around $1.45 in 2006, increasing notably to a peak of $3.01 in 2007 before experiencing a decline to $1.18 by 2010. From 2010, EPS growth was inconsistent but generally upward, reaching highs above $9 by early 2023. However, a notable decline occurred in the last two measured years, dropping to approximately $7.16 in 2024 and further to $5.27 in 2025. This pattern indicates periods of strong earnings growth interspersed with declines, which may reflect operational challenges or market fluctuations affecting profitability.
- Price-to-Earnings (P/E) Ratio Trend
- The P/E ratio exhibits significant oscillations during the period, initially around 20.56 in 2006, dropping sharply to 10.29 in 2007 and fluctuating between roughly 10 and 20 through the early 2010s. From 2014 onwards, the P/E ratio generally increased, peaking at 34.72 in early 2025, indicating higher market expectations of future earnings growth or possibly an overvaluation relative to earnings at that time. Notably, the P/E ratio does not always move in tandem with share price or EPS, reflecting varying market sentiment or changing risk perceptions.
- Overall Observations
- Throughout the evaluated years, the company’s equity value showed a substantial increase, supported by generally rising earnings per share despite intermittent declines. The volatility in share price and EPS during the mid-period suggests sensitivity to economic or sector-specific factors. The upward shift in the P/E ratio in the latter years indicates increased investor confidence or expectations for future growth, though the recent EPS decline alongside a high P/E might suggest the market is pricing in anticipated recovery or expansion. Investors should consider the implications of the fluctuating earnings and valuation multiples in the context of the broader economic environment and company-specific developments.
Comparison to Competitors
Texas Instruments Inc., P/E, long-term trends, comparison to competitors
| Texas Instruments Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | Monolithic Power Systems Inc. | NVIDIA Corp. | Qualcomm Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 14, 2025 | ||||||||||||
| Feb 2, 2024 | ||||||||||||
| Feb 3, 2023 | ||||||||||||
| Feb 4, 2022 | ||||||||||||
| Feb 5, 2021 | ||||||||||||
| Feb 20, 2020 | ||||||||||||
| Feb 22, 2019 | ||||||||||||
| Feb 22, 2018 | ||||||||||||
| Feb 23, 2017 | ||||||||||||
| Feb 24, 2016 | ||||||||||||
| Feb 24, 2015 | ||||||||||||
| Feb 24, 2014 | ||||||||||||
| Feb 22, 2013 | ||||||||||||
| Feb 24, 2012 | ||||||||||||
| Feb 25, 2011 | ||||||||||||
| Feb 23, 2010 | ||||||||||||
| Feb 24, 2009 | ||||||||||||
| Feb 26, 2008 | ||||||||||||
| Feb 28, 2007 | ||||||||||||
| Feb 28, 2006 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Texas Instruments Inc., P/E, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Texas Instruments Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Feb 14, 2025 | ||
| Feb 2, 2024 | ||
| Feb 3, 2023 | ||
| Feb 4, 2022 | ||
| Feb 5, 2021 | ||
| Feb 20, 2020 | ||
| Feb 22, 2019 | ||
| Feb 22, 2018 | ||
| Feb 23, 2017 | ||
| Feb 24, 2016 | ||
| Feb 24, 2015 | ||
| Feb 24, 2014 | ||
| Feb 22, 2013 | ||
| Feb 24, 2012 | ||
| Feb 25, 2011 | ||
| Feb 23, 2010 | ||
| Feb 24, 2009 | ||
| Feb 26, 2008 | ||
| Feb 28, 2007 | ||
| Feb 28, 2006 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Texas Instruments Inc., P/E, long-term trends, comparison to industry (information technology)
| Texas Instruments Inc. | Information Technology | |
|---|---|---|
| Feb 14, 2025 | ||
| Feb 2, 2024 | ||
| Feb 3, 2023 | ||
| Feb 4, 2022 | ||
| Feb 5, 2021 | ||
| Feb 20, 2020 | ||
| Feb 22, 2019 | ||
| Feb 22, 2018 | ||
| Feb 23, 2017 | ||
| Feb 24, 2016 | ||
| Feb 24, 2015 | ||
| Feb 24, 2014 | ||
| Feb 22, 2013 | ||
| Feb 24, 2012 | ||
| Feb 25, 2011 | ||
| Feb 23, 2010 | ||
| Feb 24, 2009 | ||
| Feb 26, 2008 | ||
| Feb 28, 2007 | ||
| Feb 28, 2006 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).