Price to Sales (P/S)
since 2005
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Texas Instruments Inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
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Calculation
Texas Instruments Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenue1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 6, 2026 | = | ÷ | = | ÷ | |||||||
| 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: 2025-12-31), 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.
The price-to-sales (P/S) ratio for the period examined exhibits considerable fluctuation, generally trending upwards with notable peaks and valleys. Initial values indicate a P/S ratio around 3.5 in 2006, decreasing to a low of 1.56 in 2009 before beginning a period of recovery.
- Initial Decline and Recovery (2006-2011)
- From 2006 to 2007, the P/S ratio decreased from 3.57 to 3.13. A further decline occurred through 2008 and reached its lowest point in 2009 at 1.56. The subsequent years, 2010 and 2011, demonstrate a recovery, with the P/S ratio increasing to 2.89 and 2.99 respectively. This initial decline and subsequent recovery likely reflect broader economic conditions and company-specific performance during that period.
- Moderate Growth and Peak (2012-2018)
- Between 2012 and 2018, the P/S ratio experienced a period of moderate growth, increasing from 2.78 to 6.83. A notable increase is observed between 2015 and 2017, rising from 4.06 to 5.77 and then to 6.83. This suggests increasing investor confidence and potentially positive market perception of the company’s ability to generate sales relative to its market capitalization.
- Recent Volatility (2019-2026)
- From 2019 onwards, the P/S ratio demonstrates increased volatility. It peaked at 8.54 in 2019, followed by a significant jump to 10.81 in 2021. A subsequent decrease to 8.25 in 2022 was observed, followed by a slight increase to 8.26 in 2023. The most recent values, for 2024 and projected into 2026, show an increase to 10.65, 11.37, indicating a renewed upward trend. This recent volatility could be attributed to factors such as changing market conditions, industry-specific trends, or company-specific events impacting sales expectations.
Overall, the P/S ratio has generally increased over the examined period, although with significant fluctuations. The ratio’s movement appears sensitive to both macroeconomic factors and company performance, with a particularly strong increase in recent years. The projected values for 2025 and 2026 suggest a continuation of this upward trend.
Comparison to Competitors
Texas Instruments Inc., P/S, 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. | NVIDIA Corp. | Qualcomm Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 6, 2026 | |||||||||||
| 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: 2025-12-31), 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/S, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Texas Instruments Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Feb 6, 2026 | ||
| 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: 2025-12-31), 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/S, long-term trends, comparison to industry (information technology)
| Texas Instruments Inc. | Information Technology | |
|---|---|---|
| Feb 6, 2026 | ||
| 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: 2025-12-31), 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).