AXT, Inc. (AXTI) P/E Ratio History
Deep ValueTrading at -172.6x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 1999–2023
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P/E Ratio Analysis
As of June 21, 2026, AXT, Inc. (AXTI) trades at a price-to-earnings ratio of -172.6x, with a stock price of $84.57 and trailing twelve-month earnings per share of $-0.48.
The current P/E is 611% below its 5-year average of 33.7x. Over the past five years, AXTI's P/E has ranged from a low of 12.0x to a high of 126.8x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 29.0x, AXTI trades at a 695% discount to its sector peers. The sector includes 352 companies with P/E ratios ranging from 0.0x to 187.7x.
Relative to the broader market, AXTI trades at a notable discount to the S&P 500 median P/E of 24.4x. 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 AXTI 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.
AXTI Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
AXTI P/E vs Peers
Semiconductor Materials and Fab Consumables peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $11B | 23.5 | - | -17% | |
| $9B | 27.2 | - | +524%Best | |
| $61B | 2297.3 | - | +105% | |
| $4B | 17.5Lowest | 1.38Best | +9% | |
| $2.0T | 86.2 | 1.73 | +288% | |
| $4.4T | 39.9 | 2.24 | +23% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
AXTI Historical P/E Data (1999–2023)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2023 Q1 | Mar 31 2023 | $3.98 | $0.20 | 19.5x | -66% |
| FY2022 Q4 | Dec 31 2022 | $4.38 | $0.36 | 12.0x | -79% |
| FY2022 Q3 | Sep 30 2022 | $6.70 | $0.40 | 16.6x | -71% |
| FY2022 Q2 | - | $5.86 | $0.36 | 16.1x | -72% |
| FY2022 Q1 | - | $7.02 | $0.33 | 21.0x | -63% |
| FY2021 Q4 | Dec 31 2021 | $8.81 | $0.34 | 25.9x | -55% |
| FY2021 Q3 | - | $8.33 | $0.32 | 26.0x | -55% |
| FY2021 Q2 | Jun 30 2021 | $10.98 | $0.25 | 43.9x | -24% |
| FY2021 Q1 | Mar 31 2021 | $11.66 | $0.16 | 72.9x | +27% |
| FY2020 Q4 | - | $9.57 | $0.08 | 126.8x | +121% |
| FY2019 Q2 | Jun 30 2019 | $3.96 | $0.08 | 46.7x | -19% |
| FY2019 Q1 | Mar 31 2019 | $4.45 | $0.14 | 30.7x | -46% |
| FY2018 Q4 | Dec 31 2018 | $4.35 | $0.24 | 17.9x | -69% |
| FY2018 Q3 | Sep 30 2018 | $7.15 | $0.35 | 20.4x | -64% |
| FY2018 Q2 | Jun 30 2018 | $7.05 | $0.36 | 19.6x | -66% |
| FY2018 Q1 | Mar 31 2018 | $7.25 | $0.31 | 23.4x | -59% |
| FY2017 Q4 | Dec 31 2017 | $8.70 | $0.26 | 33.5x | -42% |
| FY2017 Q3 | Sep 30 2017 | $9.15 | $0.24 | 38.1x | -34% |
| FY2017 Q2 | Jun 30 2017 | $6.35 | $0.20 | 31.8x | -45% |
| FY2017 Q1 | Mar 31 2017 | $5.80 | $0.18 | 32.2x | -44% |
| FY2016 Q4 | Dec 31 2016 | $4.80 | $0.16 | 29.8x | -48% |
| FY2016 Q3 | Sep 30 2016 | $5.19 | $0.06 | 83.2x | +45% |
| FY2012 Q4 | Dec 31 2012 | $2.81 | $0.10 | 29.1x | -49% |
| FY2012 Q3 | Sep 30 2012 | $3.38 | $0.20 | 17.1x | -70% |
| FY2012 Q2 | Jun 30 2012 | $3.95 | $0.36 | 11.0x | -81% |
| FY2012 Q1 | Mar 31 2012 | $6.35 | $0.53 | 12.0x | -79% |
| FY2011 Q4 | Dec 31 2011 | $4.17 | $0.61 | 6.9x | -88% |
| FY2011 Q3 | Sep 30 2011 | $5.03 | $0.68 | 7.4x | -87% |
| FY2011 Q2 | - | $8.48 | $0.66 | 12.8x | -78% |
| FY2011 Q1 | - | $7.17 | $0.62 | 11.6x | -80% |
| FY2010 Q4 | Dec 31 2010 | $10.44 | $0.57 | 18.3x | -68% |
| FY2010 Q3 | - | $6.62 | $0.51 | 13.1x | -77% |
| FY2010 Q2 | Jun 30 2010 | $4.51 | $0.41 | 11.1x | -81% |
| FY2010 Q1 | Mar 31 2010 | $3.19 | $0.19 | 16.4x | -71% |
| FY2008 Q3 | - | $1.88 | $0.11 | 17.8x | -69% |
| FY2008 Q2 | Jun 30 2008 | $4.19 | $0.17 | 24.8x | -57% |
| FY2008 Q1 | Mar 31 2008 | $4.77 | $0.19 | 25.2x | -56% |
| FY2007 Q4 | Dec 31 2007 | $6.20 | $0.17 | 36.7x | -36% |
| FY2007 Q3 | Sep 30 2007 | $6.19 | $0.22 | 28.1x | -51% |
| FY2007 Q2 | Jun 30 2007 | $4.33 | $0.21 | 20.6x | -64% |
| FY2007 Q1 | Mar 31 2007 | $4.79 | $0.13 | 36.3x | -37% |
| FY2001 Q3 | Sep 30 2001 | $10.60 | $1.02 | 10.4x | -82% |
| FY2001 Q2 | Jun 30 2001 | $26.70 | $1.21 | 22.1x | -62% |
| FY2001 Q1 | Mar 31 2001 | $15.00 | $1.10 | 13.6x | -76% |
| FY2000 Q4 | Dec 31 2000 | $33.06 | $0.98 | 33.7x | -41% |
| FY2000 Q3 | Sep 30 2000 | $41.81 | $0.18 | 232.3x | +305% |
| FY2000 Q2 | Jun 30 2000 | $43.25 | $0.19 | 227.6x | +296% |
| FY2000 Q1 | Mar 31 2000 | $32.38 | $0.04 | 761.8x | +1227% |
| FY1999 Q4 | Dec 31 1999 | $17.44 | $0.05 | 332.1x | +478% |
| FY1999 Q3 | - | $21.38 | $0.32 | 66.3x | +15% |
| FY1999 Q2 | Jun 30 1999 | $23.81 | $0.28 | 84.3x | +47% |
Average P/E for displayed period: 57.4x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
27+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
AXTI — Frequently Asked Questions
Quick answers to the most common questions about buying AXTI stock.
What is AXTI's P/E ratio?
AXT, Inc. (AXTI) trailing twelve-month P/E ratio is -172.6x, based on TTM diluted EPS of $-0.48. The 5-year average P/E is 33.7x and the historical range spans 12.0x to 126.8x.
Is AXTI stock overvalued or undervalued?
AXTI trades at -172.6x P/E, below its 5-year average of 33.7x. At the 0th percentile of its historical range (12.0x–126.8x), the stock is priced at a discount to its own history.
Is AXTI stock expensive?
No, AXTI is not expensive on a historical basis. The current P/E of -172.6x is below the 5-year average of 33.7x and sits at the 0th percentile of its valuation range.
What is AXTI's historical P/E range?
Over the past 5 years, AXTI's P/E ratio has ranged from 12.0x to 126.8x, with a median of 26.0x and an average of 33.7x. The current P/E of -172.6x places the stock at the 0th percentile of this range. Full historical data spans 1999–2023.
How does AXTI's P/E compare to the S&P 500?
AXTI trades at -172.6x P/E versus the S&P 500 median of 24.4x. The 807% discount to the market suggests lower growth expectations or perceived higher risk.
How does AXTI's valuation compare to Technology peers?
AXT, Inc. P/E of -172.6x compares to the Technology sector median of 29.0x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is AXTI's PEG ratio?
AXTI PEG ratio is N/A, based on a P/E of -172.6x and EPS growth of -81.5%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is AXTI's earnings yield?
AXTI earnings yield is N/A, the inverse of its -172.6x 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.