Question 1

What is KLA's P/E ratio?

Accepted Answer

KLA (KLAC) P/E ratio is 60.6× as of July 22, 2026. 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 KLA?

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 KLA specifically, the relevant sector benchmark is the current sector median of 29.4×.

Question 5

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

Accepted Answer

KLA's P/E ratio of 60.6× is above its own 5-year average of 25.5× and above the sector median of 29.4×. 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/E ratio range?

Accepted Answer

In the available daily series, KLA (KLAC) P/E ratio has ranged from a low of 7.7× in 2011 to a high of 85.1× in 2026. The 5-year average is 25.5× and the 5-year median is 24.1×.

Question 7

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

Accepted Answer

KLA (KLAC) P/E ratio at the end of 2025 was 29.1×. 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 KLA'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	$118B	$4.06B	29.1×	-11.2×	Jun 30, 2025
2024	$111B	$2.76B	40.3×	+20.7×	Jun 30, 2024
2023	$66.4B	$3.39B	19.6×	+5.4×	Jun 30, 2023
2022	$47.3B	$3.32B	14.2×	-9.6×	Jun 30, 2022
2021	$49.6B	$2.08B	23.9×	-0.9×	Jun 30, 2021
2020	$30.2B	$1.22B	24.8×	+8.2×	Jun 30, 2020
2019	$19.5B	$1.18B	16.6×	-3.3×	Jun 30, 2019
2018	$16B	$802M	19.9×	+4.4×	Jun 30, 2018
2017	$14.3B	$926M	15.5×	-0.7×	Jun 30, 2017
2016	$11.4B	$704M	16.2×	-8.1×	Jun 30, 2016
2015	$8.92B	$366M	24.3×	+3.7×	Jun 30, 2015
2014	$12B	$583M	20.6×	+3.8×	Jun 30, 2014
2013	$9.15B	$543M	16.8×	+6.0×	Jun 30, 2013
2012	$8.23B	$756M	10.9×	+2.4×	Jun 30, 2012
2011	$6.78B	$794M	8.5×	-13.4×	Jun 30, 2011
2010	$4.66B	$212M	22.0×	—	Jun 30, 2010
2009	$4.3B	-$523M	—	—	Jun 30, 2009
2008	$7B	$359M	19.5×	-0.1×	Jun 30, 2008
2007	$10.3B	$528M	19.6×	-2.2×	Jun 30, 2007
2006	$8.28B	$380M	21.8×	+3.3×	Jun 30, 2006
2005	$8.59B	$467M	18.4×	-21.3×	Jun 30, 2005
2004	$9.69B	$244M	39.8×	-24.5×	Jun 30, 2004
2003	$8.81B	$137M	64.2×	+28.3×	Jun 30, 2003
2002	$7.76B	$216M	35.9×	—	Jun 30, 2002


Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Accenture (ACN)	15.4×
Gartner (IT)	14.9×
CDW (CDW)	14.5×
Adobe (ADBE)	14.4×
Leidos Holdings (LDOS)	14.1×
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×
First Solar (FSLR)	12.7×
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×
Sunrun (RUN)	5.6×
Lyft (LYFT)	1.8×
IBM (IBM)	0.0×

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

P/E Ratio daily chart for KLA (KLAC)

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

About P/E Ratio at KLA (KLAC)

KLA P/E Ratio by Year

KLA P/E Ratio 2025: 29.1×

KLA P/E Ratio 2024: 40.3×

KLA P/E Ratio 2023: 19.6×

KLA P/E Ratio 2022: 14.2×

KLA P/E Ratio 2021: 23.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

KLA (KLAC) Key Financials