AXT, Inc. (AXTI) P/E Ratio History
Historical price-to-earnings valuation from 1999 to 2023
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AXTI Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, AXT, Inc. (AXTI) trades at a price-to-earnings ratio of -213.9x, with a stock price of $104.83 and trailing twelve-month earnings per share of $-0.48.
The current P/E is 734% 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 27.5x, AXTI trades at a 879% discount to its sector peers. The sector includes 357 companies with P/E ratios ranging from 0.0x to 175.4x.
Relative to the broader market, AXTI trades at a notable discount to the S&P 500 median P/E of 25.2x. 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 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $10B | 21.1 | - | -17% | |
| $8B | 24.6 | - | +524%Best | |
| $67B | 2552.1 | - | +105% | |
| $4B | 18.5Lowest | 1.46Best | +9% | |
| $2.0T | 89.2 | 1.79 | +288% | |
| $4.2T | 38.5 | 2.16 | +23% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
AXTI Historical P/E Data (1999–2023)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $3.98 | $0.20 | 19.5x | -66% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $4.38 | $0.36 | 12.0x | -79% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $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 | Fri Dec 31 2021 00:00:00 GM | $8.81 | $0.34 | 25.9x | -55% |
| FY2021 Q3 | $8.33 | $0.32 | 26.0x | -55% | |
| FY2021 Q2 | Wed Jun 30 2021 00:00:00 GM | $10.98 | $0.25 | 43.9x | -24% |
| FY2021 Q1 | Wed Mar 31 2021 00:00:00 GM | $11.66 | $0.16 | 72.9x | +27% |
| FY2020 Q4 | $9.57 | $0.08 | 126.8x | +121% | |
| FY2019 Q2 | Sun Jun 30 2019 00:00:00 GM | $3.96 | $0.08 | 46.7x | -19% |
| FY2019 Q1 | Sun Mar 31 2019 00:00:00 GM | $4.45 | $0.14 | 30.7x | -46% |
Average P/E for displayed period: 57.4x
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Start ComparisonAXTI — Frequently Asked Questions
Quick answers to the most common questions about buying AXTI stock.
Is AXTI stock overvalued or undervalued?
AXTI trades at -213.9x P/E, below its 5-year average of 33.7x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does AXTI's valuation compare to peers?
AXT, Inc. P/E of -213.9x compares to sector median of 27.5x. The discount suggests lower growth expectations or higher risk.
What is AXTI's PEG ratio?
AXTI PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1999-2023.