P/E ratio for Microchip Technology (MCHP)
P/E ratio as of September 2023 (TTM): 17.7
According to Microchip Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.6888. At the end of 2021 the company had a P/E ratio of 49.6.
P/E ratio history for Microchip Technology from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 49.6 | -75.76% |
| 2020 | 205 | 429.49% |
| 2019 | 38.6 | -24.78% |
| 2018 | 51.4 | -36.28% |
| 2017 | 80.6 | -42.19% |
| 2016 | 139 | 427.38% |
| 2015 | 26.4 | 11.96% |
| 2014 | 23.6 | -8.7% |
| 2013 | 25.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Texas Instruments TXN | 19.1 | 8.11% | 🇺🇸 USA |
 Analog Devices ADI | 23.8 | 34.27% | 🇺🇸 USA |
 Maxim Integrated
MXIM | N/A | N/A | 🇺🇸 USA |
 Silicon Labs
SLAB | 52.7 | 197.74% | 🇺🇸 USA |
 STMicroelectronics STM | 8.82 | -50.14% | 🇨🇭 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.