Question 1

What is Texas Instruments's P/S ratio?

Accepted Answer

Texas Instruments (TXN) P/S ratio is 13.9× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Texas Instruments?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Texas Instruments specifically, the relevant sector benchmark is the current sector median of 5.8×.

Question 5

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

Accepted Answer

Texas Instruments's P/S ratio of 13.9× is above its own 5-year average of 9.3× and above the sector median of 5.8×. 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/S ratio range?

Accepted Answer

In the available daily series, Texas Instruments (TXN) P/S ratio has ranged from a low of 1.6× in 2008 to a high of 16.5× in 2026. The 5-year average is 9.3× and the 5-year median is 9.4×.

Question 7

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

Accepted Answer

Texas Instruments (TXN) P/S ratio at the end of 2025 was 8.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Texas Instruments's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$17.7B	8.9×	-2.0×	Dec 31, 2025
2024	$171B	$15.6B	10.9×	+2.1×	Dec 31, 2024
2023	$155B	$17.5B	8.8×	+1.4×	Dec 31, 2023
2022	$150B	$20B	7.5×	-2.0×	Dec 31, 2022
2021	$174B	$18.3B	9.5×	-0.9×	Dec 31, 2021
2020	$151B	$14.5B	10.4×	+2.1×	Dec 31, 2020
2019	$120B	$14.4B	8.3×	+2.6×	Dec 31, 2019
2018	$90.1B	$15.8B	5.7×	-1.2×	Dec 31, 2018
2017	$103B	$15B	6.9×	+1.4×	Dec 31, 2017
2016	$72.7B	$13.4B	5.4×	+1.2×	Dec 31, 2016
2015	$55.4B	$13B	4.3×	-0.0×	Dec 31, 2015
2014	$56B	$13B	4.3×	+0.4×	Dec 31, 2014
2013	$47.7B	$12.2B	3.9×	+1.2×	Dec 31, 2013
2012	$34.4B	$12.8B	2.7×	+0.3×	Dec 31, 2012
2011	$33.1B	$13.7B	2.4×	-0.3×	Dec 31, 2011
2010	$38.1B	$14B	2.7×	-0.4×	Dec 31, 2010
2009	$32.4B	$10.4B	3.1×	+1.5×	Dec 31, 2009
2008	$19.9B	$12.5B	1.6×	-1.7×	Dec 31, 2008
2007	$45.8B	$13.8B	3.3×	+0.3×	Dec 31, 2007
2006	$42.3B	$14.3B	3.0×	-0.9×	Dec 31, 2006
2005	$51.4B	$13.4B	3.8×	+0.5×	Dec 31, 2005
2004	$42.4B	$12.6B	3.4×	-2.1×	Dec 31, 2004
2003	$53.8B	$9.83B	5.5×	+2.6×	Dec 31, 2003
2002	$24.5B	$8.38B	2.9×	—	Dec 31, 2002


GoDaddy (GDDY)	2.2×
Fidelity National Information Services (FIS)	2.1×
Skyworks Solutions (SWKS)	2.1×
Qorvo (QRVO)	1.9×
Zebra Technologies (ZBRA)	1.8×
Gartner (IT)	1.7×
Accenture (ACN)	1.6×
Amkor Technology (AMKR)	1.6×
Block (XYZ)	1.5×
Fiserv (FISV)	1.4×
Cognizant (CTSH)	1.4×
EPAM Systems (EPAM)	1.3×
Optical Cable (OCC)	1.2×
Leidos Holdings (LDOS)	1.2×
Jabil (JBL)	1.1×
Dell Technologies (DELL)	1.0×
Sunrun (RUN)	1.0×
Hewlett Packard Enterprise (HPE)	1.0×
Flex (FLEX)	0.9×
Lyft (LYFT)	0.8×
CDW (CDW)	0.7×
Science Applications International (SAIC)	0.6×
Super Micro Computer (SMCI)	0.4×
HP (HPQ)	0.3×
IBM (IBM)	0.0×

P/S Ratio for Texas Instruments (TXN) 2002-2026

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

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

About P/S Ratio at Texas Instruments (TXN)

Texas Instruments P/S Ratio by Year

Texas Instruments P/S Ratio 2025: 8.9×

Texas Instruments P/S Ratio 2024: 10.9×

Texas Instruments P/S Ratio 2023: 8.8×

Texas Instruments P/S Ratio 2022: 7.5×

Texas Instruments P/S Ratio 2021: 9.5×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Texas Instruments (TXN) Key Financials