Texas Instruments Incorporated, often referred to as TI, is one of the largest US technology companies. TI designs and manufactures semiconductors and various integrated circuits, which it sells to electronics designers and manufacturers globally.
P/E ratio for Texas Instruments (TXN)
P/E ratio as of June 2023 (TTM): 19.2
According to Texas Instruments's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.2077. At the end of 2021 the company had a P/E ratio of 22.4.
P/E ratio history for Texas Instruments from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 22.4 | -17.05% |
| 2020 | 27.0 | 12.78% |
| 2019 | 23.9 | 45.59% |
| 2018 | 16.4 | -41.58% |
| 2017 | 28.1 | 33.37% |
| 2016 | 21.1 | 12.05% |
| 2015 | 18.8 | -7.43% |
| 2014 | 20.3 | -10.58% |
| 2013 | 22.8 | 11.95% |
| 2012 | 20.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Intel INTC | 16.0 | -16.91% | 🇺🇸 USA |
 NVIDIA NVDA | 216 | 1,025.56% | 🇺🇸 USA |
 Analog Devices ADI | 26.6 | 38.49% | 🇺🇸 USA |
 Maxim Integrated
MXIM | N/A | N/A | 🇺🇸 USA |
 QUALCOMM QCOM | 12.0 | -37.52% | 🇺🇸 USA |
 STMicroelectronics STM | 9.22 | -51.98% | 🇨🇭 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.