Microchip Technology
MCHP
#362
Rank
$50.74 B
Marketcap
$94.52
Share price
1.06%
Change (1 day)
13.99%
Change (1 year)

P/E ratio for Microchip Technology (MCHP)

P/E ratio as of June 2024 (TTM): 20.3

According to Microchip Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.2885. At the end of 2022 the company had a P/E ratio of 18.7.

P/E ratio history for Microchip Technology from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202218.7-62.34%
202149.6-51.87%
2020103166.72%
201938.6-24.78%
201851.4-36.28%
201780.6-42.19%
2016139427.38%
201526.411.96%
201423.6-8.7%
201325.9-38.88%
201242.3132.25%
201118.25.48%
201017.3-47.07%
200932.6174.09%
200811.9-38.22%
200719.3-16.29%
200623.0-24.08%
200530.312.93%
200426.9-50.1%
200353.8-11.21%
200260.6-4.63%
200163.6

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
25.2 24.33%๐Ÿ‡บ๐Ÿ‡ธ USA
31.8 56.97%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
61.7 204.16%๐Ÿ‡บ๐Ÿ‡ธ USA
9.04-55.47%๐Ÿ‡จ๐Ÿ‡ญ 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.