The PE ratio for Cirrus Logic stock stands at 26.98 as of May 3, 2024. This takes into account the latest EPS of $3.28 and stock price of $88.48. A decrease of 4.6% has been observed in the PE ratio compared to its average of 28.3 of the last four quarters.
Over the last ten years, the average PE ratio of Cirrus Logic has been 21.39. The current 26.98 P/E ratio is 26% higher than the historical average. Looking back at the last ten years, CRUS's PE ratio peaked in the Mar 2015 quarter at 37.83, with a price of $33.29 and an EPS of $0.88. The Jun 2022 quarter marked the lowest point at 11.89, with a price of $72.64 and an EPS of $6.11.
Maximum annual increase: 233.3% in 2015
Maximum annual decrease: -53.5% in 2016
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 33.2 | 115.86% |
| 2022 | 15.38 | -30.72% |
| 2021 | 22.2 | -1.77% |
| 2020 | 22.6 | -19.43% |
| 2019 | 28.05 | 76.08% |
| 2018 | 15.93 | 9.26% |
| 2017 | 14.58 | -17.11% |
| 2016 | 17.59 | -53.5% |
| 2015 | 37.83 | 233.3% |
| 2014 | 11.35 | 5.78% |
The current PE ratio of CRUS is higher than its 3, 5 and 10-year averages.
CRUS's PE ratio stands lower than its peer stocks TXN and ADI, but it is higher than QCOM's and NXPI's. Cirrus Logic is currently trading at a higher PE ratio (26.98) than its peers average of 24.09.
| Stock name | PE ratio | Market cap |
|---|---|---|
| STM ST Microelectronics | 9.85 | $36.17B |
| NXPI NXP Semiconductors NV | 23.55 | $65.93B |
| QCOM Qualcomm Inc | 23.92 | $200.48B |
| CRUS Cirrus Logic Inc | 26.98 | $4.77B |
| TXN Texas Instruments Inc | 27.65 | $162.89B |
| ADI Analog Devices Inc | 35.46 | $99B |
CRUS stock has a price to earnings ratio of 26.98 as of May 3, 2024.
Over the last 3 years, the average price to earnings ratio for CRUS stock is 20.77.
Over the last 5 years, the average price to earnings ratio for CRUS stock is 22.3.
The highest quarterly PE ratio in the last ten years has been 37.83 and it was in the Mar 2015 quarter.
CRUS's price to earnings ratio is currently 26% above its 10-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 3, 2024), Cirrus Logic's share price is $88.48. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $3.28. Therefore, Cirrus Logic's PE ratio for today is 26.98. PE RATIO(26.98) = STOCK PRICE($88.48) / TTM EPS($3.28)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.