Advanced Micro Devices, Inc. (AMD) P/E Ratio History
Historical price-to-earnings valuation from 1991 to 2025
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 2, 2026, Advanced Micro Devices, Inc. (AMD) trades at a price-to-earnings ratio of 75.6x, with a stock price of $200.21 and trailing twelve-month earnings per share of $2.63.
The current P/E is 50% below its 5-year average of 150.4x. Over the past five years, AMD's P/E has ranged from a low of 30.6x to a high of 859.7x, placing the current valuation at the 50th percentile of its historical range.
Compared to the Technology sector median P/E of 25.2x, AMD trades at a 199% premium to its sector peers. The sector includes 345 companies with P/E ratios ranging from 0.0x to 199.1x.
The PEG ratio of 14.62 (P/E divided by 165% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, AMD commands a significant premium over the S&P 500 median P/E of 26.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AMD DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
Peer Comparison
P/E metrics vs. Compute Processors and AI Accelerators peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
NVDANVIDIA Corporation | $4.3T | 36.2 | 0.38Best | +67% |
AMDAdvanced Micro Devices, Inc. | $326B | 75.6 | 14.62 | +165% |
ICGIntchains Group Limited | $81M | 5.0Lowest | - | +491%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Sat Dec 27 2025 00:00:00 GM | $214.99 | $2.66 | 80.8x | -3% |
| FY2025 Q3 | Sat Sep 27 2025 00:00:00 GM | $159.46 | $2.04 | 78.2x | -6% |
| FY2025 Q2 | Sat Jun 28 2025 00:00:00 GM | $143.81 | $1.75 | 82.2x | -1% |
| FY2025 Q1 | Sat Mar 29 2025 00:00:00 GM | $103.22 | $1.37 | 75.3x | -9% |
| FY2024 Q4 | Sat Dec 28 2024 00:00:00 GM | $125.19 | $1.00 | 124.6x | +50% |
| FY2024 Q3 | Sat Sep 28 2024 00:00:00 GM | $164.35 | $1.11 | 147.4x | +78% |
| FY2024 Q2 | Sat Jun 29 2024 00:00:00 GM | $162.21 | $0.82 | 196.6x | +137% |
| FY2024 Q1 | Sat Mar 30 2024 00:00:00 GM | $180.49 | $0.68 | 264.8x | +219% |
| FY2023 Q4 | Sat Dec 30 2023 00:00:00 GM | $147.41 | $0.52 | 285.3x | +244% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $102.82 | $0.12 | 859.7x | +937% |
| FY2023 Q1 | Sat Apr 01 2023 00:00:00 GM | $98.01 | $0.23 | 419.6x | +406% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $64.77 | $0.88 | 73.3x | -12% |
Average P/E for displayed period: 82.9x
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Start ComparisonFrequently Asked Questions
Is AMD stock overvalued or undervalued?
AMD trades at 75.6x P/E, below its 5-year average of 150.4x. At the 50th percentile of historical range, the stock is priced at a discount to its own history.
How does AMD's valuation compare to peers?
Advanced Micro Devices, Inc. P/E of 75.6x compares to sector median of 25.2x. The premium reflects expected growth above peers.
What is AMD's PEG ratio?
AMD PEG ratio is 14.62. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1991-2025.