Analog Devices currently trades with a PE to growth ratio of 0.39, based on Aug 21, 2026 data. Dividing the 44.05 PE ratio by the 113.9% earnings growth rate produces this figure. Relative to the 0.79 average from the past four quarters, the PEG ratio has dropped by 50%.
Historically, Analog Devices has a PEG ratio averaging 1.22 across the last ten years. At 0.39, today's PEG ratio sits 68% less than its historical average. The ten years high came in the Oct 2021 quarter at 8.7, reflecting peak valuation relative to growth. The bottom was reached in the Jan 2023 quarter at 0.21, suggesting attractive value relative to growth during that period.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 1.3 | 51.01 | 39.1% |
| 2024 | N/A | 68.33 | -50% |
| 2023 | 0.98 | 24.33 | 24.8% |
| 2022 | 0.54 | 27.39 | 51.1% |
| 2021 | 8.7 | 49.57 | 5.7% |
| 2020 | N/A | 35.81 | -10.1% |
| 2019 | N/A | 29.72 | -9.1% |
| 2018 | 0.29 | 21.53 | 74.6% |
| 2017 | N/A | 39.31 | -16.8% |
| 2016 | 0.91 | 22.77 | 25.1% |
| 2015 | 2.47 | 26.96 | 10.9% |
| 2014 | N/A | 24.69 | -8.2% |
| 2013 | 45.36 | 22.68 | 0.5% |
| 2012 | N/A | 18.27 | -24.8% |
| 2011 | 0.61 | 13 | 21.3% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Aug 2026 | 0.38 | 43.38 | 113.9% |
| May 2026 | 0.71 | 58.83 | 82.7% |
| Jan 2026 | 0.76 | 56.52 | 74.1% |
| Nov 2025 | 1.3 | 51.01 | 39.1% |
| Aug 2025 | 3.01 | 55.99 | 18.6% |
| May 2025 | N/A | 53.67 | -14% |
| Feb 2025 | N/A | 67.05 | -43.9% |
| Nov 2024 | N/A | 68.33 | -50% |
| Aug 2024 | N/A | 62.26 | -54.9% |
| May 2024 | N/A | 46.43 | -39.5% |
| Feb 2024 | N/A | 34.12 | -15.6% |
| Oct 2023 | 0.98 | 24.33 | 24.8% |
| Jul 2023 | 0.23 | 26.78 | 116.7% |
| Apr 2023 | 0.22 | 25.3 | 112.9% |
| Jan 2023 | 0.21 | 25.61 | 123.1% |
When comparing to historical data, ADI's PEG ratio is lower than the 3, 5 and 10-year averages.
Analog Devices's PEG of 0.39 is lower than the Technology sector and the industry average. Looking at the Technology sector average of 0.65, Analog Devices's PEG is 40% lower.
Relative to its peers, ADI's PEG ratio is lower than TXN's and CRUS's yet above MCHP's.
Based on Aug 21, 2026 data, ADI has a PEG ratio of 0.39.
ADI has a 3-year average PEG ratio of 1.19.
ADI has a 5-year average PEG ratio of 1.55.
ADI's PEG ratio topped out at 8.7 during the Oct 2021 quarter - the highest in ten years.
Compared to the 10-year average, ADI's PEG ratio stands 68% lower.
The 0.39 PEG ratio for ADI reflects robust earnings growth outpacing the current valuation.
To calculate the PEG ratio, take the company's PE ratio and divide by its earnings per share growth (YoY TTM). As of Aug 21, 2026, Analog Devices has a PE ratio of 44.05. Earnings grew at 113.9% over the TTM period ending Aug 2026. Applying the formula, this gives a PEG ratio of 0.39. PEG RATIO(0.39) = PE RATIO(44.05) / EPS GROWTH(113.9%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.