Advanced Micro Devices, Inc. (AMD) P/E Ratio History
ExpensiveTrading at 235.4x vs 5Y avg 156.5x · 80th percentile · Material premium to history · Data 1991–2026
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P/E Ratio Analysis
As of September 23, 2026, Advanced Micro Devices, Inc. (AMD) trades at a price-to-earnings ratio of 235.4x, with a stock price of $623.77 and trailing twelve-month earnings per share of $3.89.
The current P/E is 50% above its 5-year average of 156.5x. 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 80th percentile of its historical range.
Compared to the Technology sector median P/E of 29.9x, AMD trades at a 687% premium to its sector peers. The sector includes 365 companies with P/E ratios ranging from 0.0x to 199.0x.
The PEG ratio of 45.56 (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 25.5x. 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.
AMD Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
AMD P/E vs Peers
Compute Processors and AI Accelerators peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $5.5T | 46.7 | 0.49Best | +67% | |
| $208B | 39.6Lowest | 19.03 | -44% | |
| $355B | 392.0 | - | +13% | |
| $230B | 85.5 | - | +401% | |
| $1.7T | 76.4 | 1.53 | +288% | |
| $248B | 49.8 | - | +5% | |
| $1.2T | 144.4 | 5.51 | +984%Best | |
| $375B | 54.6 | 3.18 | +1% | |
| $2.3T | 43.0 | 1.51 | +44% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
AMD Historical P/E Data (1991–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | Jun 27 2026 | $521.58 | $3.90 | 133.7x | +60% |
| FY2026 Q1 | Mar 28 2026 | $201.99 | $3.06 | 66.0x | -21% |
| FY2025 Q4 | Dec 27 2025 | $214.99 | $2.66 | 80.8x | -3% |
| FY2025 Q3 | Sep 27 2025 | $159.46 | $2.04 | 78.2x | -6% |
| FY2025 Q2 | Jun 28 2025 | $143.81 | $1.75 | 82.2x | -1% |
| FY2025 Q1 | Mar 29 2025 | $103.22 | $1.37 | 75.3x | -10% |
| FY2024 Q4 | Dec 28 2024 | $125.19 | $1.00 | 124.6x | +49% |
| FY2024 Q3 | Sep 28 2024 | $164.35 | $1.11 | 147.4x | +77% |
| FY2024 Q2 | Jun 29 2024 | $162.21 | $0.82 | 196.6x | +136% |
| FY2024 Q1 | Mar 30 2024 | $180.49 | $0.68 | 264.8x | +218% |
| FY2023 Q4 | Dec 30 2023 | $147.41 | $0.52 | 285.3x | +242% |
| FY2023 Q3 | Sep 30 2023 | $102.82 | $0.12 | 859.7x | +931% |
| FY2023 Q1 | Apr 01 2023 | $98.01 | $0.23 | 419.6x | +403% |
| FY2022 Q4 | Dec 31 2022 | $64.77 | $0.88 | 73.3x | -12% |
| FY2022 Q3 | Sep 24 2022 | $67.96 | $1.67 | 40.7x | -51% |
| FY2022 Q2 | Jun 25 2022 | $87.08 | $2.38 | 36.6x | -56% |
| FY2022 Q1 | Mar 26 2022 | $119.67 | $2.69 | 44.5x | -47% |
| FY2021 Q4 | Dec 25 2021 | $146.14 | $2.58 | 56.6x | -32% |
| FY2021 Q3 | Sep 25 2021 | $105.80 | $3.23 | 32.8x | -61% |
| FY2021 Q2 | Jun 26 2021 | $85.62 | $2.80 | 30.6x | -63% |
| FY2021 Q1 | Mar 27 2021 | $77.41 | $2.35 | 32.9x | -60% |
| FY2020 Q4 | Dec 26 2020 | $91.81 | $2.04 | 45.0x | -46% |
| FY2020 Q3 | Sep 26 2020 | $78.06 | $0.74 | 105.5x | +27% |
| FY2020 Q2 | Jun 27 2020 | $50.10 | $0.53 | 94.5x | +13% |
| FY2020 Q1 | Mar 28 2020 | $46.58 | $0.43 | 107.9x | +29% |
| FY2019 Q4 | Dec 28 2019 | $46.18 | $0.31 | 150.8x | +81% |
| FY2019 Q3 | Sep 28 2019 | $28.72 | $0.19 | 148.0x | +78% |
| FY2019 Q2 | Jun 29 2019 | $30.37 | $0.17 | 174.4x | +109% |
| FY2019 Q1 | Mar 30 2019 | $25.52 | $0.25 | 101.1x | +21% |
| FY2018 Q4 | Dec 29 2018 | $17.82 | $0.32 | 56.1x | -33% |
| FY2018 Q3 | Sep 29 2018 | $30.89 | $0.26 | 118.8x | +43% |
| FY2018 Q2 | Jun 30 2018 | $14.99 | $0.23 | 65.3x | -22% |
| FY2018 Q1 | Mar 31 2018 | $10.05 | $0.08 | 133.8x | +61% |
| FY2014 Q3 | Sep 27 2014 | $3.60 | $0.07 | 54.1x | -35% |
| FY2014 Q2 | Jun 28 2014 | $4.11 | $0.11 | 38.6x | -54% |
| FY2014 Q1 | Mar 29 2014 | $3.88 | $0.06 | 70.2x | -16% |
| FY2011 Q4 | Dec 31 2011 | $5.40 | $0.65 | 8.3x | -90% |
| FY2011 Q3 | Oct 01 2011 | $5.08 | $1.39 | 3.7x | -96% |
| FY2011 Q2 | Jul 02 2011 | $7.11 | $1.09 | 6.5x | -92% |
| FY2011 Q1 | Apr 02 2011 | $8.36 | $0.95 | 8.8x | -89% |
| FY2010 Q4 | Dec 25 2010 | $8.04 | $0.62 | 13.0x | -84% |
| FY2010 Q3 | Sep 25 2010 | $6.84 | $1.77 | 3.9x | -95% |
| FY2010 Q2 | Jun 26 2010 | $8.09 | $1.76 | 4.6x | -94% |
| FY2010 Q1 | Mar 27 2010 | $9.02 | $1.33 | 6.8x | -92% |
| FY2009 Q4 | Dec 26 2009 | $9.91 | $0.32 | 31.0x | -63% |
| FY2006 Q3 | Oct 01 2006 | $24.85 | $1.03 | 24.1x | -71% |
| FY2006 Q2 | Jul 02 2006 | $24.42 | $0.94 | 26.0x | -69% |
| FY2006 Q1 | Mar 26 2006 | $36.13 | $0.79 | 45.7x | -45% |
| FY2005 Q4 | Dec 25 2005 | $30.50 | $0.37 | 83.4x | +0% |
| FY2005 Q3 | Sep 25 2005 | $22.98 | $0.09 | 263.2x | +216% |
| FY2005 Q2 | Jun 26 2005 | $17.17 | $0.03 | 628.9x | +655% |
| FY2005 Q1 | Mar 27 2005 | $16.12 | $0.09 | 184.7x | +122% |
| FY2004 Q4 | Dec 26 2004 | $22.12 | $0.25 | 87.9x | +5% |
| FY2004 Q3 | Sep 26 2004 | $12.42 | $0.44 | 28.2x | -66% |
| FY2004 Q2 | Jun 27 2004 | $15.50 | $0.23 | 67.4x | -19% |
| FY2001 Q3 | Sep 30 2001 | $8.15 | $0.39 | 20.9x | -75% |
| FY2001 Q2 | Jul 01 2001 | $28.90 | $2.24 | 12.9x | -85% |
| FY2001 Q1 | Apr 01 2001 | $26.54 | $2.80 | 9.5x | -89% |
| FY2000 Q4 | Dec 31 2000 | $13.81 | $3.01 | 4.6x | -94% |
| FY2000 Q3 | Oct 01 2000 | $24.00 | $2.70 | 8.9x | -89% |
| FY2000 Q2 | Jul 02 2000 | $38.63 | $1.03 | 37.5x | -55% |
| FY2000 Q1 | Apr 02 2000 | $29.50 | $0.69 | 42.8x | -49% |
| FY1996 Q3 | Sep 29 1996 | $7.38 | $0.02 | 368.8x | +342% |
| FY1996 Q2 | Jun 30 1996 | $6.81 | $0.42 | 16.2x | -81% |
| FY1996 Q1 | Mar 31 1996 | $8.69 | $0.98 | 8.9x | -89% |
| FY1995 Q4 | Dec 31 1995 | $8.25 | $1.35 | 6.1x | -93% |
| FY1995 Q3 | Oct 01 1995 | $14.56 | $1.33 | 10.9x | -87% |
| FY1995 Q2 | Jul 02 1995 | $18.25 | $1.49 | 12.2x | -85% |
| FY1995 Q1 | Apr 02 1995 | $16.94 | $1.51 | 11.2x | -87% |
| FY1994 Q4 | Dec 25 1994 | $11.44 | $1.46 | 7.8x | -91% |
| FY1994 Q3 | Sep 25 1994 | $15.00 | $1.47 | 10.2x | -88% |
| FY1994 Q2 | Jun 26 1994 | $12.19 | $1.35 | 9.0x | -89% |
| FY1994 Q1 | Mar 27 1994 | $14.81 | $1.22 | 12.1x | -85% |
| FY1993 Q4 | Dec 26 1993 | $8.69 | $1.12 | 7.8x | -91% |
| FY1993 Q3 | - | $13.19 | $1.28 | 10.3x | -88% |
| FY1993 Q2 | Jun 30 1993 | $12.06 | $1.23 | 9.8x | -88% |
| FY1993 Q1 | Mar 31 1993 | $11.50 | $1.12 | 10.3x | -88% |
| FY1992 Q4 | - | $9.06 | $1.24 | 7.3x | -91% |
| FY1992 Q3 | Sep 30 1992 | $5.63 | $1.45 | 3.9x | -95% |
| FY1992 Q2 | - | $4.38 | $1.28 | 3.4x | -96% |
| FY1992 Q1 | - | $8.88 | $1.16 | 7.7x | -91% |
| FY1991 Q4 | - | $8.75 | $0.74 | 11.8x | -86% |
Average P/E for displayed period: 83.4x
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AMD — Frequently Asked Questions
Quick answers to the most common questions about buying AMD stock.
What is AMD's P/E ratio?
Advanced Micro Devices, Inc. (AMD) trailing twelve-month P/E ratio is 235.4x, based on TTM diluted EPS of $3.89. The 5-year average P/E is 156.5x and the historical range spans 30.6x to 859.7x.
Is AMD stock overvalued or undervalued?
AMD trades at 235.4x P/E, above its 5-year average of 156.5x. The 80th percentile ranking within the 30.6x–859.7x historical range indicates a premium to historical valuation.
Is AMD stock expensive?
Yes, AMD is expensive relative to its own history. The current P/E of 235.4x is above the 5-year average of 156.5x and also above the Technology sector median of 29.9x. The stock sits at the 80th percentile of its 5-year valuation range.
What is AMD's historical P/E range?
Over the past 5 years, AMD's P/E ratio has ranged from 30.6x to 859.7x, with a median of 80.8x and an average of 156.5x. The current P/E of 235.4x places the stock at the 80th percentile of this range. Full historical data spans 1991–2026.
How does AMD's P/E compare to the S&P 500?
AMD trades at 235.4x P/E versus the S&P 500 median of 25.5x. The 823% premium to the market typically reflects higher expected earnings growth or quality.
How does AMD's valuation compare to Technology peers?
Advanced Micro Devices, Inc. P/E of 235.4x compares to the Technology sector median of 29.9x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is AMD's PEG ratio?
AMD PEG ratio is 45.56, based on a P/E of 235.4x and EPS growth of 165.0%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is AMD's earnings yield?
AMD earnings yield is 0.42%, the inverse of its 235.4x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.