Advanced Micro Devices, Inc. (AMD) P/E Ratio History
Historical price-to-earnings valuation from 1991 to 2026
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AMD Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Advanced Micro Devices, Inc. (AMD) trades at a price-to-earnings ratio of 134.1x, with a stock price of $355.26 and trailing twelve-month earnings per share of $3.04.
The current P/E is 11% below its 5-year average of 151.4x. 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 70th percentile of its historical range.
Compared to the Technology sector median P/E of 26.7x, AMD trades at a 401% premium to its sector peers. The sector includes 358 companies with P/E ratios ranging from 0.0x to 197.6x.
The PEG ratio of 25.95 (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 25.1x. 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $4.8T | 40.1 | 0.42Best | +67% | |
| $197B | 37.2 | 17.90 | -44% | |
| $221B | 278.5 | - | +159% | |
| $146B | 55.0 | - | +401% | |
| $2.0T | 89.6 | 1.80 | +288% | |
| $256B | 51.5 | - | +5% | |
| $722B | 84.4 | 3.22 | +984%Best | |
| $326B | 47.4 | 2.76 | +1% | |
| $2.0T | 37.1Lowest | 1.34 | +50% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
AMD Historical P/E Data (1991–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | Sat Mar 28 2026 00:00:00 GM | $201.99 | $3.06 | 66.0x | -20% |
| FY2025 Q4 | Sat Dec 27 2025 00:00:00 GM | $214.99 | $2.66 | 80.8x | -2% |
| 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 | +51% |
| 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 | +138% |
| FY2024 Q1 | Sat Mar 30 2024 00:00:00 GM | $180.49 | $0.68 | 264.8x | +220% |
| FY2023 Q4 | Sat Dec 30 2023 00:00:00 GM | $147.41 | $0.52 | 285.3x | +245% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $102.82 | $0.12 | 859.7x | +939% |
| FY2023 Q1 | Sat Apr 01 2023 00:00:00 GM | $98.01 | $0.23 | 419.6x | +407% |
Average P/E for displayed period: 82.7x
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Start ComparisonAMD — Frequently Asked Questions
Quick answers to the most common questions about buying AMD stock.
Is AMD stock overvalued or undervalued?
AMD trades at 134.1x P/E, near its 5-year average of 151.4x. The 70th percentile ranking places valuation within normal historical bounds.
How does AMD's valuation compare to peers?
Advanced Micro Devices, Inc. P/E of 134.1x compares to sector median of 26.7x. The premium reflects expected growth above peers.
What is AMD's PEG ratio?
AMD PEG ratio is 25.95. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1991-2026.