Question 1

What is Texas Instruments's P/E ratio?

Accepted Answer

Texas Instruments (TXN) P/E ratio is 44.7× 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 Texas Instruments?

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

Question 5

Is Texas Instruments's P/E ratio high or low?

Accepted Answer

Texas Instruments's P/E ratio of 44.7× is above its own 5-year average of 26.6× and above the sector median of 29.4×. That places the current reading at the 95th 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 Texas Instruments's historical P/E ratio range?

Accepted Answer

In the available daily series, Texas Instruments (TXN) P/E ratio has ranged from a low of 9.7× in 2006 to a high of 408.3× in 2003. The 5-year average is 26.6× and the 5-year median is 24.2×.

Question 7

What was Texas Instruments's P/E ratio in 2025?

Accepted Answer

Texas Instruments (TXN) P/E ratio at the end of 2025 was 31.5×. 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 Texas Instruments'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	$158B	$5B	31.5×	-4.1×	Dec 31, 2025
2024	$171B	$4.8B	35.6×	+11.9×	Dec 31, 2024
2023	$155B	$6.51B	23.8×	+6.7×	Dec 31, 2023
2022	$150B	$8.75B	17.1×	-5.3×	Dec 31, 2022
2021	$174B	$7.77B	22.4×	-4.5×	Dec 31, 2021
2020	$151B	$5.6B	27.0×	+3.1×	Dec 31, 2020
2019	$120B	$5.02B	23.9×	+7.7×	Dec 31, 2019
2018	$90.1B	$5.58B	16.1×	-11.8×	Dec 31, 2018
2017	$103B	$3.68B	27.9×	+7.4×	Dec 31, 2017
2016	$72.7B	$3.55B	20.5×	+1.9×	Dec 31, 2016
2015	$55.4B	$2.99B	18.6×	-1.3×	Dec 31, 2015
2014	$56B	$2.82B	19.8×	-2.2×	Dec 31, 2014
2013	$47.7B	$2.16B	22.1×	+2.5×	Dec 31, 2013
2012	$34.4B	$1.76B	19.5×	+4.8×	Dec 31, 2012
2011	$33.1B	$2.24B	14.8×	+3.0×	Dec 31, 2011
2010	$38.1B	$3.23B	11.8×	-10.2×	Dec 31, 2010
2009	$32.4B	$1.47B	22.0×	+11.7×	Dec 31, 2009
2008	$19.9B	$1.92B	10.4×	-6.9×	Dec 31, 2008
2007	$45.8B	$2.66B	17.2×	+7.5×	Dec 31, 2007
2006	$42.3B	$4.34B	9.7×	-12.4×	Dec 31, 2006
2005	$51.4B	$2.33B	22.1×	-0.7×	Dec 31, 2005
2004	$42.4B	$1.86B	22.8×	-22.1×	Dec 31, 2004
2003	$53.8B	$1.2B	44.9×	—	Dec 31, 2003
2002	$24.5B	-$344M	—	—	Dec 31, 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 Texas Instruments (TXN) 2003-2026

P/E Ratio daily chart for Texas Instruments (TXN)

Historical P/E Ratio for Texas Instruments (TXN) from 2002 to 2025

About P/E Ratio at Texas Instruments (TXN)

Texas Instruments P/E Ratio by Year

Texas Instruments P/E Ratio 2025: 31.5×

Texas Instruments P/E Ratio 2024: 35.6×

Texas Instruments P/E Ratio 2023: 23.8×

Texas Instruments P/E Ratio 2022: 17.1×

Texas Instruments P/E Ratio 2021: 22.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Texas Instruments (TXN) Key Financials