Question 1

What is KLA's P/B ratio?

Accepted Answer

KLA (KLAC) P/B ratio is 48.5× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for KLA?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For KLA specifically, the relevant sector benchmark is the current sector median of 5.6×.

Question 5

Is KLA's P/B ratio high or low?

Accepted Answer

KLA's P/B ratio of 48.5× is above its own 5-year average of 23.9× and above the sector median of 5.6×. That places the current reading at the 98th 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 KLA's historical P/B ratio range?

Accepted Answer

In the available daily series, KLA (KLAC) P/B ratio has ranged from a low of 1.6× in 2009 to a high of 68.2× in 2026. The 5-year average is 23.9× and the 5-year median is 23.1×.

Question 7

What was KLA's P/B ratio in 2025?

Accepted Answer

KLA (KLAC) P/B ratio at the end of 2025 was 25.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does KLA's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$118B	$4.69B	25.2×	-7.8×	Jun 30, 2025
2024	$111B	$3.37B	33.0×	+10.3×	Jun 30, 2024
2023	$66.4B	$2.92B	22.7×	-11.0×	Jun 30, 2023
2022	$47.3B	$1.4B	33.8×	+19.1×	Jun 30, 2022
2021	$49.6B	$3.38B	14.7×	+3.4×	Jun 30, 2021
2020	$30.2B	$2.67B	11.3×	+4.0×	Jun 30, 2020
2019	$19.5B	$2.66B	7.3×	-2.5×	Jun 30, 2019
2018	$16B	$1.62B	9.9×	-1.0×	Jun 30, 2018
2017	$14.3B	$1.33B	10.8×	-5.8×	Jun 30, 2017
2016	$11.4B	$689M	16.6×	-4.6×	Jun 30, 2016
2015	$8.92B	$421M	21.2×	+17.9×	Jun 30, 2015
2014	$12B	$3.67B	3.3×	+0.6×	Jun 30, 2014
2013	$9.15B	$3.48B	2.6×	+0.1×	Jun 30, 2013
2012	$8.23B	$3.32B	2.5×	+0.1×	Jun 30, 2012
2011	$6.78B	$2.86B	2.4×	+0.3×	Jun 30, 2011
2010	$4.66B	$2.25B	2.1×	+0.1×	Jun 30, 2010
2009	$4.3B	$2.18B	2.0×	-0.4×	Jun 30, 2009
2008	$7B	$2.98B	2.3×	-0.6×	Jun 30, 2008
2007	$10.3B	$3.55B	2.9×	+0.6×	Jun 30, 2007
2006	$8.28B	$3.57B	2.3×	-0.5×	Jun 30, 2006
2005	$8.59B	$3.05B	2.8×	-0.9×	Jun 30, 2005
2004	$9.69B	$2.63B	3.7×	-0.3×	Jun 30, 2004
2003	$8.81B	$2.22B	4.0×	+0.2×	Jun 30, 2003
2002	$7.76B	$2.03B	3.8×	—	Jun 30, 2002


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P/B Ratio for KLA (KLAC) 2002-2026

P/B Ratio daily chart for KLA (KLAC)

Historical P/B Ratio for KLA (KLAC) from 2002 to 2025

About P/B Ratio at KLA (KLAC)

KLA P/B Ratio by Year

KLA P/B Ratio 2025: 25.2×

KLA P/B Ratio 2024: 33.0×

KLA P/B Ratio 2023: 22.7×

KLA P/B Ratio 2022: 33.8×

KLA P/B Ratio 2021: 14.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

KLA (KLAC) Key Financials