Question 1

What is AXT's P/E ratio?

Accepted Answer

AXT (AXTI) P/E ratio is 12.2× as of August 8, 2023. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for AXT?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For AXT specifically, the relevant sector benchmark is the current sector median of 29.6×.

Question 5

Is AXT's P/E ratio high or low?

Accepted Answer

AXT's P/E ratio of 12.2× is below its own 5-year average of 21.8× and below the sector median of 29.6×. That places the current reading at the 15th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is AXT's historical P/E ratio range?

Accepted Answer

In the available daily series, AXT (AXTI) P/E ratio has ranged from a low of 6.6× in 2011 to a high of 149.3× in 2006. The 5-year average is 21.8× and the 5-year median is 19.4×.

Question 7

What was AXT's P/E ratio in 2022?

Accepted Answer

AXT (AXTI) P/E ratio at the end of 2022 was 11.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does AXT's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$731.16M	−$21.26M	—	—	Dec 31, 2025
2024	$94.14M	−$11.62M	—	—	Dec 31, 2024
2023	$102.84M	−$17.88M	—	—	Dec 31, 2023
2022	$185.64M	$15.81M	11.7×	-13.5×	Dec 31, 2022
2021	$367.89M	$14.57M	25.2×	-95.0×	Dec 31, 2021
2020	$389.29M	$3.24M	120.2×	—	Dec 31, 2020
2019	$172.42M	−$2.64M	—	—	Dec 31, 2019
2018	$170.51M	$9.52M	17.9×	-15.9×	Dec 31, 2018
2017	$337.26M	$9.97M	33.8×	+5.5×	Dec 31, 2017
2016	$155.67M	$5.50M	28.3×	—	Dec 31, 2016
2015	$79.24M	−$2.23M	—	—	Dec 31, 2015
2014	$91.16M	−$1.48M	—	—	Dec 31, 2014
2013	$85.16M	−$7.94M	—	—	Dec 31, 2013
2012	$90.54M	$2.98M	30.4×	+23.8×	Dec 31, 2012
2011	$133.58M	$20.32M	6.6×	-11.2×	Dec 31, 2011
2010	$331.14M	$18.65M	17.8×	—	Dec 31, 2010
2009	$99.91M	−$1.90M	—	—	Dec 31, 2009
2008	$41.00M	−$689.00K	—	—	Dec 31, 2008
2007	$188.28M	$5.29M	35.6×	-113.7×	Dec 31, 2007
2006	$140.65M	$942.00K	149.3×	—	Dec 31, 2006
2005	$49.15M	−$12.21M	—	—	Dec 31, 2005
2004	$36.53M	−$13.63M	—	—	Dec 31, 2004
2003	$71.35M	−$26.73M	—	—	Dec 31, 2003
2002	$40.33M	−$81.18M	—	—	Dec 31, 2002


Broadridge Financial Solutions (BR)	17.2×
NetApp (NTAP)	16.8×
Accenture (ACN)	16.8×
Corpay (CPAY)	16.7×
Ondas Holdings (ONDS)	16.5×
Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Adobe (ADBE)	14.9×
CDW (CDW)	14.5×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Lyft (LYFT)	1.8×
Optical Cable (OCC)	0.0×

P/E Ratio for AXT (AXTI)

P/E Ratio daily chart for AXT (AXTI)

Historical P/E Ratio for AXT (AXTI) from 2002 to 2025

About P/E Ratio at AXT (AXTI)

AXT P/E Ratio by Year

AXT P/E Ratio 2022: 11.7×

AXT P/E Ratio 2021: 25.2×

AXT P/E Ratio 2020: 120.2×

AXT P/E Ratio 2018: 17.9×

AXT P/E Ratio 2017: 33.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

AXT (AXTI) Key Financials

P/E Ratio daily chart for AXT (AXTI)

Historical P/E Ratio for AXT (AXTI) from 2002 to 2025

About P/E Ratio at AXT (AXTI)

AXT P/E Ratio by Year

AXT P/E Ratio 2022: 11.7×

AXT P/E Ratio 2021: 25.2×

AXT P/E Ratio 2020: 120.2×

AXT P/E Ratio 2018: 17.9×

AXT P/E Ratio 2017: 33.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is AXT's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for AXT?

+Is AXT's P/E ratio high or low?

+What is AXT's historical P/E ratio range?

+What was AXT's P/E ratio in 2022?

+Why does AXT's P/E ratio change over time?

AXT (AXTI) Key Financials