The P/E ratio for Microchip Technology stock stands at 21.57 as of Apr 26, 2024. This takes into account the latest EPS of $4.34 and stock price of $93.6. An increase of 10% has been observed in the PE ratio compared to its average of 19.7 of the past four quarters.
Over the last ten years, the average PE ratio of Microchip Technology has been 72.16. The current 21.57 price-to-earnings ratio is 70% less than the historical average. Analyzing the last ten years, MCHP's PE ratio reached its highest point in the Sep 2018 quarter at 657.58, with a price of $39.46 and an EPS of $0.06. The Sep 2023 quarter saw the lowest point at 16.89, with a price of $78.05 and an EPS of $4.62.
Maximum annual increase: 306.6% in 2021
Maximum annual decrease: -72.16% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 20.58 | -36.19% |
| 2022 | 32.25 | -72.16% |
| 2021 | 115.84 | 306.6% |
| 2020 | 28.49 | -47.8% |
| 2019 | 54.58 | -34.28% |
| 2018 | 83.05 | -14.45% |
| 2017 | 97.08 | 222.2% |
| 2016 | 30.13 | 13.36% |
| 2015 | 26.58 | 11.31% |
| 2014 | 23.88 | -57.14% |
The current PE ratio of MCHP is under its 3, 5 and 10-year averages.
MCHP's PE ratio is less than its peer stocks TXN and ADI, but it is above STM's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| STM ST Microelectronics | 10.15 | $37.31B |
| MCHP Microchip Technology Inc | 21.57 | $50.58B |
| TXN Texas Instruments Inc | 27.43 | $161.59B |
| ADI Analog Devices Inc | 35.87 | $100.16B |
| SLAB Silicon Laboratories Inc | N/A | $3.9B |
The price to earnings ratio for MCHP stock is 21.57 as of Apr 26, 2024.
The average PE ratio for MCHP stock over the past 3 years is 33.51.
The average PE ratio for MCHP stock over the past 5 years is 44.58.
Over the last ten years, the quarterly PE ratio reached its highest level at 657.58 in the Sep 2018 quarter.
MCHP's price to earnings ratio is currently 70% below its 10-year historical average.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Apr 26, 2024), Microchip Technology's share price is $93.6. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $4.34. Therefore, Microchip Technology's price to earnings ratio for today is 21.57. PE RATIO(21.57) = STOCK PRICE($93.6) / TTM EPS($4.34)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.