TXN
Texas Instruments
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: TXN
- PE Ratio
As at Jul 28, 2026, the TXN stock has a PE ratio of 41.92. This is based on the current EPS of $6.61 and the stock price of $277.07 per share. An increase of 17% has been seen in the P/E ratio compared to the average of 35.8 of the last 4 quarters.
TXN PE ratio history
The mean historical PE ratio of Texas Instruments over the last ten years is 25.27. The current 41.92 PE ratio is 66% above the historical average. Over the past ten years, TXN's PE ratio was at its highest in the Jun 2026 quarter at 45.09, with a price of $298.07 and an EPS of $6.61. The Sep 2022 quarter recorded the bottom point at 16.04, with a price of $154.78 and an EPS of $9.65.
Texas Instruments PE ratio by year
Maximum annual increase: 49.64% in 2024
Maximum annual decrease: -41.68% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 31.72 | -11.35% | $173.49 | $5.47 |
| 2024 | 35.78 | 49.64% | $187.51 | $5.24 |
| 2023 | 23.91 | 37.65% | $170.46 | $7.13 |
| 2022 | 17.37 | -22.77% | $165.22 | $9.51 |
| 2021 | 22.49 | -17.1% | $188.47 | $8.38 |
| 2020 | 27.13 | 12.71% | $164.13 | $6.05 |
| 2019 | 24.07 | 45.44% | $128.29 | $5.33 |
| 2018 | 16.55 | -41.68% | $94.5 | $5.71 |
| 2017 | 28.38 | 37.7% | $104.44 | $3.68 |
| 2016 | 20.61 | 7.57% | $72.97 | $3.54 |
| 2015 | 19.16 | -6.45% | $54.81 | $2.86 |
| 2014 | 20.48 | -9.5% | $53.47 | $2.61 |
| 2013 | 22.63 | 12.09% | $43.91 | $1.94 |
| 2012 | 20.19 | 32.48% | $30.89 | $1.53 |
| 2011 | 15.24 | 24.71% | $29.11 | $1.91 |
Texas Instruments PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 45.09 | 36.35% | $298.07 | $6.61 |
| Mar 2026 | 33.07 | 4.26% | $194.14 | $5.87 |
| Dec 2025 | 31.72 | -4.69% | $173.49 | $5.47 |
| Sep 2025 | 33.28 | -11.68% | $183.73 | $5.52 |
| Jun 2025 | 37.68 | 11.55% | $207.62 | $5.51 |
| Mar 2025 | 33.78 | -5.59% | $179.7 | $5.32 |
| Dec 2024 | 35.78 | -6.11% | $187.51 | $5.24 |
| Sep 2024 | 38.11 | 13.83% | $206.57 | $5.42 |
| Jun 2024 | 33.48 | 24.32% | $194.53 | $5.81 |
| Mar 2024 | 26.93 | 12.63% | $174.21 | $6.47 |
| Dec 2023 | 23.91 | 17.15% | $170.46 | $7.13 |
| Sep 2023 | 20.41 | -4.54% | $159.01 | $7.79 |
| Jun 2023 | 21.38 | 3.59% | $180.02 | $8.42 |
| Mar 2023 | 20.64 | 18.83% | $186.01 | $9.01 |
| Dec 2022 | 17.37 | 8.29% | $165.22 | $9.51 |
TXN Price vs fair value
TXN average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, TXN's PE ratio is greater than its 3, 5 and 10-year historical averages.
PE comparison
With a P/E of 41.92, TXN is above the Technology sector average but below the industry and its peers average. Compared to its Technology sector average of 34.93, Texas Instruments's P/E is 20% higher.
TXN PE vs peers
TXN's PE ratio is lower than its peer stocks ADI and STM, but it is greater than NVDA's and QCOM's. Texas Instruments's current PE ratio of 41.92 is below the average of its peers, which is 49.04.
| Stock name | PE ratio | Market cap |
|---|---|---|
| QCOM Qualcomm Inc | 17.38 | $171.68B |
| NVDA NVIDIA Corp | 30.03 | $4.77T |
| TXN Texas Instruments Inc | 41.92 | $253.03B |
| ADI Analog Devices Inc | 54.12 | $178.19B |
| STM ST Microelectronics | 94.64 | $45.71B |
| INTC Intel Corp | N/A | $435.3B |
Frequently asked questions
What is Texas Instruments's PE ratio?
TXN stock has a price to earnings ratio of 41.92 as of Jul 28, 2026.
What is the 3-year average PE ratio for Texas Instruments (TXN)?
The 3-year average PE ratio for TXN stock is 32.77.
What is the 5-year average PE ratio for Texas Instruments (TXN)?
The 5-year average PE ratio for TXN stock is 27.64.
What is the highest PE ratio for TXN?
The highest quarterly PE ratio in the last ten years has been 45.09 and it was in the Jun 2026 quarter.
How does the current PE ratio for TXN compare to its historical average?
TXN's current price to earnings ratio is 66% above its 10-year historical average.
How is TXN's PE ratio calculated (Texas Instruments PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Jul 28, 2026), Texas Instruments's stock price is $277.07. The earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $6.61. Therefore, Texas Instruments's P/E ratio for today is 41.92. PE RATIO(41.92) = STOCK PRICE($277.07) / TTM EPS($6.61)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.