AXT, Inc. (AXTI) P/E Ratio History
UndervaluedTrading at 80.8x vs 5Y avg 189.8x · 85th percentile · Below historical baseline · Data 1999–2026
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P/E Ratio Analysis
As of November 7, 2026, AXT, Inc. (AXTI) trades at a price-to-earnings ratio of 80.8x, with a stock price of $38.88 and trailing twelve-month earnings per share of $0.48.
The current P/E is 57% below its 5-year average of 189.8x. Over the past five years, AXTI's P/E has ranged from a low of 12.0x to a high of 3015.9x, placing the current valuation at the 85th percentile of its historical range.
Compared to the Technology sector median P/E of 24.4x, AXTI trades at a 231% premium to its sector peers. The sector includes 332 companies with P/E ratios ranging from 0.0x to 185.0x.
Relative to the broader market, AXTI commands a significant premium over the S&P 500 median P/E of 21.8x. 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
Fab Materials and Subsystems peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $16B | 49.2 | 0.96 | +690%Best | |
| $12B | 72.4 | - | -63% | |
| $4B | 17.5 | 1.39 | +9% | |
| $2B | 839.7 | - | -77% | |
| $1.4T | 37.5 | 0.75Best | +288% | |
| $5.0T | 37.9 | 3.84 | +20% | |
| $174B | 13.0Lowest | 1.30 | +153% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
AXTI Historical P/E Data (1999–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Sep 30 2026 | $77.41 | $0.46 | 168.9x | +46% |
| FY2026 Q2 | - | $72.08 | $0.02 | 3015.9x | +2515% |
| FY2023 Q1 | Mar 31 2023 | $3.98 | $0.20 | 19.5x | -83% |
| FY2022 Q4 | Dec 31 2022 | $4.38 | $0.36 | 12.0x | -90% |
| FY2022 Q3 | Sep 30 2022 | $6.70 | $0.40 | 16.6x | -86% |
| FY2022 Q2 | - | $5.86 | $0.36 | 16.1x | -86% |
| FY2022 Q1 | - | $7.02 | $0.33 | 21.0x | -82% |
| FY2021 Q4 | Dec 31 2021 | $8.81 | $0.34 | 25.9x | -78% |
| FY2021 Q3 | - | $8.33 | $0.32 | 26.0x | -77% |
| FY2021 Q2 | Jun 30 2021 | $10.98 | $0.25 | 43.9x | -62% |
| FY2021 Q1 | Mar 31 2021 | $11.66 | $0.16 | 72.9x | -37% |
| FY2020 Q4 | - | $9.57 | $0.08 | 126.8x | +10% |
| FY2019 Q2 | Jun 30 2019 | $3.96 | $0.08 | 46.7x | -60% |
| FY2019 Q1 | Mar 31 2019 | $4.45 | $0.14 | 30.7x | -73% |
| FY2018 Q4 | Dec 31 2018 | $4.35 | $0.24 | 17.9x | -84% |
| FY2018 Q3 | Sep 30 2018 | $7.15 | $0.35 | 20.4x | -82% |
| FY2018 Q2 | Jun 30 2018 | $7.05 | $0.36 | 19.6x | -83% |
| FY2018 Q1 | Mar 31 2018 | $7.25 | $0.31 | 23.4x | -80% |
| FY2017 Q4 | Dec 31 2017 | $8.70 | $0.26 | 33.5x | -71% |
| FY2017 Q3 | Sep 30 2017 | $9.15 | $0.24 | 38.1x | -67% |
| FY2017 Q2 | Jun 30 2017 | $6.35 | $0.20 | 31.8x | -72% |
| FY2017 Q1 | Mar 31 2017 | $5.80 | $0.18 | 32.2x | -72% |
| FY2016 Q4 | Dec 31 2016 | $4.80 | $0.16 | 29.8x | -74% |
| FY2016 Q3 | Sep 30 2016 | $5.19 | $0.06 | 83.2x | -28% |
| FY2012 Q4 | Dec 31 2012 | $2.81 | $0.10 | 29.1x | -75% |
| FY2012 Q3 | Sep 30 2012 | $3.38 | $0.20 | 17.1x | -85% |
| FY2012 Q2 | Jun 30 2012 | $3.95 | $0.36 | 11.0x | -90% |
| FY2012 Q1 | Mar 31 2012 | $6.35 | $0.53 | 12.0x | -90% |
| FY2011 Q4 | Dec 31 2011 | $4.17 | $0.61 | 6.9x | -94% |
| FY2011 Q3 | Sep 30 2011 | $5.03 | $0.68 | 7.4x | -94% |
| FY2011 Q2 | - | $8.48 | $0.66 | 12.8x | -89% |
| FY2011 Q1 | - | $7.17 | $0.62 | 11.6x | -90% |
| FY2010 Q4 | Dec 31 2010 | $10.44 | $0.57 | 18.3x | -84% |
| FY2010 Q3 | - | $6.62 | $0.51 | 13.1x | -89% |
| FY2010 Q2 | Jun 30 2010 | $4.51 | $0.41 | 11.1x | -90% |
| FY2010 Q1 | Mar 31 2010 | $3.19 | $0.19 | 16.4x | -86% |
| FY2008 Q3 | - | $1.88 | $0.11 | 17.8x | -85% |
| FY2008 Q2 | Jun 30 2008 | $4.19 | $0.17 | 24.8x | -79% |
| FY2008 Q1 | Mar 31 2008 | $4.77 | $0.19 | 25.2x | -78% |
| FY2007 Q4 | Dec 31 2007 | $6.20 | $0.17 | 36.7x | -68% |
| FY2007 Q3 | Sep 30 2007 | $6.19 | $0.22 | 28.1x | -76% |
| FY2007 Q2 | Jun 30 2007 | $4.33 | $0.21 | 20.6x | -82% |
| FY2007 Q1 | Mar 31 2007 | $4.79 | $0.13 | 36.3x | -69% |
| FY2001 Q3 | Sep 30 2001 | $10.60 | $1.02 | 10.4x | -91% |
| FY2001 Q2 | Jun 30 2001 | $26.70 | $1.21 | 22.1x | -81% |
| FY2001 Q1 | Mar 31 2001 | $15.00 | $1.10 | 13.6x | -88% |
| FY2000 Q4 | Dec 31 2000 | $33.06 | $0.98 | 33.7x | -71% |
| FY2000 Q3 | Sep 30 2000 | $41.81 | $0.18 | 232.3x | +101% |
| FY2000 Q2 | Jun 30 2000 | $43.25 | $0.19 | 227.6x | +97% |
| FY2000 Q1 | Mar 31 2000 | $32.38 | $0.04 | 761.8x | +560% |
| FY1999 Q4 | Dec 31 1999 | $17.44 | $0.05 | 332.1x | +188% |
| FY1999 Q3 | - | $21.38 | $0.32 | 66.3x | -43% |
| FY1999 Q2 | Jun 30 1999 | $23.81 | $0.28 | 84.3x | -27% |
Average P/E for displayed period: 115.3x
AXTI Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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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 80.8x, based on TTM diluted EPS of $0.48. The 5-year average P/E is 189.8x and the historical range spans 12.0x to 3015.9x.
Is AXTI stock overvalued or undervalued?
AXTI trades at 80.8x P/E, below its 5-year average of 189.8x. At the 85th percentile of its historical range (12.0x–3015.9x), 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 80.8x is below the 5-year average of 189.8x and sits at the 85th 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 3015.9x, with a median of 26.0x and an average of 189.8x. The current P/E of 80.8x places the stock at the 85th percentile of this range. Full historical data spans 1999–2026.
How does AXTI's P/E compare to the S&P 500?
AXTI trades at 80.8x P/E versus the S&P 500 median of 21.8x. The 271% premium to the market typically reflects higher expected earnings growth or quality.
How does AXTI's valuation compare to Technology peers?
AXT, Inc. P/E of 80.8x compares to the Technology sector median of 24.4x. 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 AXTI's PEG ratio?
AXTI PEG ratio is N/A, based on a P/E of 80.8x 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 1.24%, the inverse of its 80.8x 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.