Broadcom is a semiconductor company based in San José, California. The company was the semiconductor product division of Hewlett-Packard and later Agilent prior to its spin-off.
P/E ratio for Broadcom (AVGO)
P/E ratio as of May 2024 (TTM): 41.2
According to Broadcom's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 41.2443. At the end of 2022 the company had a P/E ratio of 20.4.
P/E ratio history for Broadcom from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.4 | -51.95% |
| 2021 | 42.5 | -35.89% |
| 2020 | 66.3 | 42.07% |
| 2019 | 46.7 | 441.91% |
| 2018 | 8.61 | -85.15% |
| 2017 | 58.0 | -231.22% |
| 2016 | -44.2 | -257.41% |
| 2015 | 28.1 | -70.69% |
| 2014 | 95.8 | 304% |
| 2013 | 23.7 | 72.32% |
| 2012 | 13.8 | 7.76% |
| 2011 | 12.8 | -21.79% |
| 2010 | 16.3 | -116.96% |
| 2009 | -96.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 IBM IBM | 22.0 | -46.75% | 🇺🇸 USA |
 Texas Instruments TXN | 24.4 | -40.80% | 🇺🇸 USA |
 Analog Devices ADI | 28.6 | -30.75% | 🇺🇸 USA |
 Skyworks Solutions
SWKS | 15.3 | -62.90% | 🇺🇸 USA |
 Vishay Intertechnology
VSH | 7.88 | -80.89% | 🇺🇸 USA |
 STMicroelectronics STM | 8.63 | -79.08% | 🇨🇭 Switzerland |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.