Cohu, Inc. (COHU) P/E Ratio History
Deep ValueTrading at -40.3x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 1993–2023
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P/E Ratio Analysis
As of June 28, 2026, Cohu, Inc. (COHU) trades at a price-to-earnings ratio of -40.3x, with a stock price of $64.08 and trailing twelve-month earnings per share of $-1.18.
The current P/E is 237% below its 5-year average of 29.5x. Over the past five years, COHU's P/E has ranged from a low of 9.5x to a high of 129.4x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 29.3x, COHU trades at a 237% discount to its sector peers. The sector includes 358 companies with P/E ratios ranging from 0.0x to 196.8x.
Relative to the broader market, COHU trades at a notable discount to the S&P 500 median P/E of 25.3x. 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 COHU 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.
COHU Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
COHU P/E vs Peers
Semiconductor Test, Metrology and Inspection Equipment peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $10B | 189.5 | - | -22% | |
| $5B | 45.6 | 2.16 | -38% | |
| $16B | 116.5 | 3.37 | -32% | |
| $7B | 9999.0 | - | +100% | |
| $1B | 37.2 | - | +124%Best | |
| $3B | 12.6Lowest | 1.56Best | +2% | |
| $68B | 125.5 | - | +5% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
COHU Historical P/E Data (1993–2023)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2023 Q4 | Dec 31 2023 | $35.39 | $0.59 | 60.1x | +39% |
| FY2023 Q3 | Sep 30 2023 | $34.44 | $1.08 | 31.8x | -26% |
| FY2023 Q2 | Jul 01 2023 | $41.56 | $1.51 | 27.5x | -36% |
| FY2023 Q1 | Apr 01 2023 | $38.39 | $1.88 | 20.4x | -53% |
| FY2022 Q4 | Dec 31 2022 | $32.05 | $1.99 | 16.1x | -63% |
| FY2022 Q3 | Sep 24 2022 | $26.03 | $1.96 | 13.3x | -69% |
| FY2022 Q2 | Jun 25 2022 | $27.82 | $1.93 | 14.4x | -67% |
| FY2022 Q1 | Mar 26 2022 | $31.03 | $3.26 | 9.5x | -78% |
| FY2021 Q4 | Dec 31 2021 | $38.09 | $3.43 | 11.1x | -74% |
| FY2021 Q3 | Sep 25 2021 | $33.05 | $3.35 | 9.9x | -77% |
| FY2021 Q2 | Jun 26 2021 | $34.75 | $2.71 | 12.8x | -70% |
| FY2021 Q1 | Mar 27 2021 | $40.83 | $0.68 | 60.0x | +39% |
| FY2018 Q3 | Sep 29 2018 | $25.10 | $1.06 | 23.7x | -45% |
| FY2018 Q2 | Jun 30 2018 | $24.51 | $1.20 | 20.4x | -53% |
| FY2018 Q1 | Mar 31 2018 | $22.81 | $1.17 | 19.5x | -55% |
| FY2017 Q4 | Dec 31 2017 | $21.95 | $1.13 | 19.4x | -55% |
| FY2017 Q3 | Sep 30 2017 | $23.84 | $0.98 | 24.3x | -44% |
| FY2017 Q2 | Jun 24 2017 | $16.75 | $0.69 | 24.3x | -44% |
| FY2017 Q1 | Mar 25 2017 | $17.24 | $0.42 | 41.0x | -5% |
| FY2016 Q4 | Dec 31 2016 | $13.90 | $0.11 | 129.4x | +200% |
| FY2016 Q3 | Sep 24 2016 | $11.55 | $0.10 | 118.6x | +175% |
| FY2016 Q2 | Jun 25 2016 | $10.92 | $0.13 | 85.7x | +99% |
| FY2016 Q1 | Mar 26 2016 | $11.50 | $0.03 | 331.4x | +669% |
| FY2015 Q2 | Jun 27 2015 | $13.19 | $0.19 | 70.4x | +63% |
| FY2015 Q1 | Mar 28 2015 | $11.00 | $0.35 | 31.4x | -27% |
| FY2014 Q4 | Dec 31 2014 | $11.90 | $0.33 | 36.1x | -16% |
| FY2014 Q3 | Sep 27 2014 | $12.26 | $0.06 | 204.3x | +374% |
| FY2012 Q1 | Mar 31 2012 | $11.37 | $0.25 | 45.5x | +5% |
| FY2011 Q4 | Dec 31 2011 | $11.35 | $0.65 | 17.5x | -59% |
| FY2011 Q3 | Sep 24 2011 | $10.08 | $1.01 | 10.0x | -77% |
| FY2011 Q2 | Jun 25 2011 | $12.47 | $1.19 | 10.5x | -76% |
| FY2011 Q1 | Mar 26 2011 | $14.67 | $1.26 | 11.6x | -73% |
| FY2010 Q4 | Dec 31 2010 | $16.58 | $1.03 | 16.1x | -63% |
| FY2010 Q3 | Sep 25 2010 | $12.88 | $0.67 | 19.1x | -56% |
| FY2010 Q2 | Jun 26 2010 | $13.57 | $0.35 | 38.7x | -10% |
| FY2008 Q3 | Sep 27 2008 | $16.75 | $0.18 | 94.2x | +119% |
| FY2008 Q2 | Jun 28 2008 | $15.25 | $0.28 | 55.2x | +28% |
| FY2008 Q1 | Mar 29 2008 | $15.98 | $0.36 | 44.9x | +4% |
| FY2007 Q4 | Dec 31 2007 | $15.30 | $0.35 | 44.2x | +3% |
| FY2007 Q3 | Sep 29 2007 | $18.75 | $0.49 | 38.3x | -11% |
| FY2007 Q2 | Jun 30 2007 | $22.24 | $0.57 | 39.0x | -9% |
| FY2007 Q1 | Mar 31 2007 | $18.80 | $0.69 | 27.2x | -37% |
| FY2006 Q4 | Dec 31 2006 | $20.16 | $0.77 | 26.2x | -39% |
| FY2006 Q3 | Sep 30 2006 | $17.83 | $1.07 | 16.7x | -61% |
| FY2006 Q2 | Jun 24 2006 | $16.65 | $1.31 | 12.7x | -71% |
| FY2006 Q1 | Mar 25 2006 | $20.59 | $1.35 | 15.3x | -65% |
| FY2005 Q4 | Dec 31 2005 | $22.87 | $1.50 | 15.2x | -65% |
| FY2005 Q3 | Sep 24 2005 | $23.09 | $1.08 | 21.4x | -50% |
| FY2005 Q2 | Jun 25 2005 | $19.83 | $0.90 | 22.0x | -49% |
| FY2005 Q1 | Mar 26 2005 | $16.03 | $0.97 | 16.5x | -62% |
| FY2004 Q4 | Dec 31 2004 | $18.56 | $0.77 | 24.1x | -44% |
| FY2004 Q3 | - | $14.78 | $0.56 | 26.4x | -39% |
| FY2004 Q2 | Jun 30 2004 | $19.04 | $0.29 | 65.4x | +52% |
| FY2004 Q1 | Mar 31 2004 | $18.77 | $0.16 | 116.5x | +170% |
| FY2003 Q3 | - | $19.56 | $0.07 | 285.5x | +562% |
| FY2003 Q2 | Jun 30 2003 | $15.60 | $0.07 | 220.7x | +412% |
| FY2001 Q2 | Jun 30 2001 | $22.50 | $0.47 | 47.5x | +10% |
| FY2001 Q1 | Mar 31 2001 | $15.56 | $1.23 | 12.6x | -71% |
| FY2000 Q4 | Dec 31 2000 | $13.94 | $1.77 | 7.9x | -82% |
| FY2000 Q3 | Sep 30 2000 | $15.31 | $2.17 | 7.1x | -84% |
| FY2000 Q2 | Jun 30 2000 | $26.97 | $2.06 | 13.1x | -70% |
| FY2000 Q1 | Mar 31 2000 | $41.69 | $1.56 | 26.7x | -38% |
| FY1999 Q4 | Dec 31 1999 | $31.00 | $1.13 | 27.6x | -36% |
| FY1999 Q3 | - | $21.13 | $0.45 | 46.6x | +8% |
| FY1999 Q2 | Jun 30 1999 | $17.69 | $0.10 | 170.4x | +295% |
| FY1999 Q1 | Mar 31 1999 | $11.63 | $0.12 | 93.9x | +118% |
| FY1998 Q4 | - | $11.00 | $0.30 | 36.8x | -15% |
| FY1998 Q3 | Sep 30 1998 | $8.25 | $0.82 | 10.1x | -77% |
| FY1998 Q2 | - | $12.16 | $1.03 | 11.8x | -73% |
| FY1998 Q1 | - | $19.00 | $1.07 | 17.8x | -59% |
| FY1997 Q4 | Dec 31 1997 | $15.31 | $0.98 | 15.6x | -64% |
| FY1997 Q3 | - | $26.88 | $0.71 | 37.9x | -12% |
| FY1997 Q2 | Jun 30 1997 | $15.63 | $0.63 | 24.8x | -42% |
| FY1997 Q1 | Mar 31 1997 | $11.94 | $0.65 | 18.4x | -57% |
| FY1996 Q4 | - | $11.63 | $0.74 | 15.7x | -64% |
| FY1996 Q3 | Sep 30 1996 | $9.25 | $1.02 | 9.1x | -79% |
| FY1996 Q2 | Jun 30 1996 | $10.13 | $1.05 | 9.6x | -78% |
| FY1996 Q1 | Mar 31 1996 | $12.50 | $0.98 | 12.8x | -70% |
| FY1995 Q4 | Dec 31 1995 | $12.75 | $0.82 | 15.6x | -64% |
| FY1995 Q3 | Sep 30 1995 | $15.25 | $0.54 | 28.4x | -34% |
| FY1995 Q2 | Jun 30 1995 | $11.69 | $0.41 | 28.5x | -34% |
| FY1995 Q1 | Mar 31 1995 | $7.50 | $0.31 | 24.0x | -44% |
| FY1994 Q4 | Dec 31 1994 | $5.63 | $0.29 | 19.4x | -55% |
| FY1994 Q3 | Sep 30 1994 | $5.06 | $0.21 | 24.1x | -44% |
| FY1994 Q2 | - | $4.19 | $0.20 | 21.5x | -50% |
| FY1994 Q1 | - | $4.72 | $0.19 | 24.8x | -42% |
| FY1993 Q4 | Dec 31 1993 | $4.78 | $0.17 | 27.3x | -37% |
Average P/E for displayed period: 43.1x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
33+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
COHU — Frequently Asked Questions
Quick answers to the most common questions about buying COHU stock.
What is COHU's P/E ratio?
Cohu, Inc. (COHU) trailing twelve-month P/E ratio is -40.3x, based on TTM diluted EPS of $-1.18. The 5-year average P/E is 29.5x and the historical range spans 9.5x to 129.4x.
Is COHU stock overvalued or undervalued?
COHU trades at -40.3x P/E, below its 5-year average of 29.5x. At the 0th percentile of its historical range (9.5x–129.4x), the stock is priced at a discount to its own history.
Is COHU stock expensive?
No, COHU is not expensive on a historical basis. The current P/E of -40.3x is below the 5-year average of 29.5x and sits at the 0th percentile of its valuation range.
What is COHU's historical P/E range?
Over the past 5 years, COHU's P/E ratio has ranged from 9.5x to 129.4x, with a median of 20.4x and an average of 29.5x. The current P/E of -40.3x places the stock at the 0th percentile of this range. Full historical data spans 1993–2023.
How does COHU's P/E compare to the S&P 500?
COHU trades at -40.3x P/E versus the S&P 500 median of 25.3x. The 259% discount to the market suggests lower growth expectations or perceived higher risk.
How does COHU's valuation compare to Technology peers?
Cohu, Inc. P/E of -40.3x compares to the Technology sector median of 29.3x. 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 COHU's PEG ratio?
COHU PEG ratio is N/A, based on a P/E of -40.3x and EPS growth of -6.7%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is COHU's earnings yield?
COHU earnings yield is N/A, the inverse of its -40.3x 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.