Latest Ratios: P/E Ratio -2102.9x · EV/EBITDA 56.2x · ROE -0.2%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $624.7B | $175.8B | $86.9B | $211.7B | $109.0B | $209.9B | $199.2B | $267.7B | $220.6B | $223.2B | $176.8B |
| Enterprise Value | $657.1B | $208.1B | $128.6B | $253.9B | $139.9B | $243.1B | $229.7B | $292.5B | $244.0B | $246.6B | $196.5B |
| P/E Ratio → | -2102.89 | — | — | 125.63 | 13.62 | 10.56 | 9.53 | 12.71 | 10.48 | 23.20 | 17.11 |
| P/S Ratio | 11.82 | 3.33 | 1.64 | 3.90 | 1.73 | 2.66 | 2.56 | 3.72 | 3.11 | 3.56 | 2.98 |
| P/B Ratio | 4.76 | 1.39 | 0.83 | 1.92 | 1.06 | 2.20 | 2.46 | 3.45 | 2.96 | 3.23 | 2.67 |
| P/FCF | — | — | — | — | — | 22.99 | 9.52 | 15.81 | 15.48 | 21.60 | 14.51 |
| P/OCF | 64.43 | 18.13 | 10.48 | 18.45 | 7.06 | 7.12 | 5.63 | 8.08 | 7.50 | 10.09 | 8.11 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.94 | 2.42 | 4.68 | 2.22 | 3.08 | 2.95 | 4.06 | 3.44 | 3.93 | 3.31 |
| EV / EBITDA | 56.24 | 17.81 | — | 26.18 | 9.10 | 7.78 | 6.40 | 8.90 | 7.53 | 9.42 | 9.39 |
| EV / EBIT | — | 78.59 | — | 154.79 | 16.93 | 11.01 | 9.62 | 13.04 | 10.50 | 11.74 | 14.38 |
| EV / FCF | — | — | — | — | — | 26.64 | 10.98 | 17.28 | 17.12 | 23.86 | 16.13 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.8% | 34.8% | 32.7% | 40.0% | 42.6% | 55.4% | 56.0% | 58.6% | 61.7% | 62.3% | 60.9% |
| Operating Margin | -0.0% | -0.0% | -22.0% | 0.2% | 3.7% | 24.6% | 30.4% | 30.6% | 32.9% | 28.8% | 22.1% |
| Net Profit Margin | -0.5% | -0.5% | -35.3% | 3.1% | 12.7% | 25.1% | 26.8% | 29.2% | 29.7% | 15.3% | 17.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.2% | -0.2% | -17.4% | 1.6% | 8.1% | 22.5% | 26.4% | 27.7% | 29.3% | 14.2% | 16.2% |
| ROA | -0.1% | -0.1% | -9.7% | 0.9% | 4.6% | 12.4% | 14.4% | 15.9% | 16.8% | 8.1% | 9.5% |
| ROIC | -0.0% | -0.0% | -5.9% | 0.0% | 1.3% | 12.1% | 16.6% | 16.5% | 18.4% | 15.2% | 12.8% |
| ROCE | -0.0% | -0.0% | -7.2% | 0.1% | 1.6% | 14.5% | 19.5% | 19.5% | 21.5% | 18.2% | 14.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.37 | 0.48 | 0.45 | 0.41 | 0.40 | 0.45 | 0.37 | 0.35 | 0.39 | 0.38 |
| Debt / EBITDA | 3.99 | 3.99 | — | 5.08 | 2.74 | 1.22 | 1.01 | 0.88 | 0.81 | 1.02 | 1.21 |
| Net Debt / Equity | — | 0.26 | 0.40 | 0.38 | 0.30 | 0.35 | 0.38 | 0.32 | 0.31 | 0.34 | 0.30 |
| Net Debt / EBITDA | 2.77 | 2.77 | — | 4.35 | 2.01 | 1.06 | 0.85 | 0.75 | 0.72 | 0.89 | 0.94 |
| Debt / FCF | — | — | — | — | — | 3.65 | 1.46 | 1.47 | 1.64 | 2.26 | 1.62 |
| Interest Coverage | 2.43 | 2.43 | -12.35 | 1.87 | 16.66 | 36.99 | 37.96 | 45.87 | 49.67 | 32.50 | 18.65 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.02 | 2.02 | 1.33 | 1.54 | 1.57 | 2.13 | 1.91 | 1.40 | 1.73 | 1.69 | 1.75 |
| Quick Ratio | 1.65 | 1.65 | 0.98 | 1.15 | 1.16 | 1.74 | 1.57 | 1.01 | 1.30 | 1.29 | 1.48 |
| Cash Ratio | 1.18 | 1.18 | 0.62 | 0.89 | 0.88 | 1.07 | 0.97 | 0.59 | 0.70 | 0.80 | 0.84 |
| Asset Turnover | — | 0.25 | 0.27 | 0.28 | 0.35 | 0.47 | 0.51 | 0.53 | 0.55 | 0.51 | 0.52 |
| Inventory Turnover | 2.97 | 2.97 | 2.93 | 2.92 | 2.74 | 3.27 | 4.06 | 3.41 | 3.74 | 3.39 | 4.18 |
| Days Sales Outstanding | — | 26.51 | 23.91 | 22.90 | 23.92 | 43.68 | 31.79 | 38.85 | 34.63 | 32.61 | 28.83 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 1.8% | 1.5% | 5.5% | 2.7% | 2.8% | 2.1% | 2.5% | 2.3% | 2.8% |
| Payout Ratio | — | — | — | 182.8% | 74.8% | 28.4% | 26.6% | 26.5% | 26.3% | 52.8% | 47.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 0.8% | 7.3% | 9.5% | 10.5% | 7.9% | 9.5% | 4.3% | 5.8% |
| FCF Yield | — | — | — | — | — | 4.3% | 10.5% | 6.3% | 6.5% | 4.6% | 6.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.2% | 7.1% | 5.1% | 4.9% | 1.6% | 1.5% |
| Total Shareholder Yield | 0.0% | 0.0% | 1.8% | 1.5% | 5.5% | 3.8% | 9.9% | 7.2% | 7.4% | 3.9% | 4.2% |
| Shares Outstanding | — | $4.9B | $4.3B | $4.2B | $4.1B | $4.1B | $4.2B | $4.5B | $4.7B | $4.8B | $4.9B |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying INTC stock.
Intel Corp.'s current P/E ratio is -2102.9x. The historical average is 28.4x.
Intel Corp.'s current EV/EBITDA is 56.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.2x.
Intel Corp.'s return on equity (ROE) is -0.2%. The historical average is 18.2%.
Based on historical data, Intel Corp. is trading at a P/E of -2102.9x. Compare with industry peers and growth rates for a complete picture.
Intel Corp. has 34.8% gross margin and -0.0% operating margin.
Intel Corp.'s Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Margin compression and execution risk
Metrics are mathematically derived from official filings.
Margin Recovery Still Far from Peak
Gross margin improved to 41.5% in Q2 2026 from 27.5% a year earlier, yet remains well below the historical 60% range and peers like AMD (49.5%) and NVDA (71.1%), as per reported figures.
The sequential gross margin expansion from 36.1% in Q4 2025 to 41.5% in Q2 2026 suggests some operating leverage is returning, but the level is still structurally depressed. Operating margin swung to 12.3% in Q2 2026 from -24.7% a year ago, yet the net margin of -68.4% indicates significant non-operating charges continue to distort bottom-line profitability. Investors should monitor whether the gross margin can sustain above 40% as the company ramps new nodes and external foundry customers.
ROIC Stuck Near Zero Amid Turnaround
ROIC has hovered near zero for the past year, reaching just 1.0% in Q2 2026, while ROE remains deeply negative at -9.7%, based on reported figures, indicating capital is not yet generating adequate returns.
The company's massive capital base, with PP&E at $105.7B, is not yet translating into profitable returns, as ROIC has been below 1% for most of the last ten quarters. The negative ROE reflects cumulative losses and a shrinking equity base, which dropped 24% over two years. This suggests the turnaround strategy is still in the investment phase, and investors should watch for ROIC to inflect upward as new manufacturing nodes come online and utilization improves.
Working Capital Stretch Signals Leverage
Cash conversion cycle extended to 66 days in Q2 2026 from 29 days a year earlier, driven by higher inventory days (120) and lower payable days (77), as per the latest quarterly data.
The lengthening CCC indicates that Intel is holding more inventory, likely building ahead for new product launches, while paying suppliers faster, which may strain liquidity. DSO improved slightly to 23 days, but the overall working capital efficiency has deteriorated, suggesting the company is using its balance sheet to support operations. This trend warrants monitoring as it could indicate either strategic preparation or demand softness.
Debt Burden Grows as Equity Shrinks
Debt-to-equity rose to 0.49 in Q2 2026 from 0.44 a year earlier, while interest coverage turned negative at -32.66, based on reported figures, indicating debt service is becoming less comfortable.
Total debt remains elevated at $50.5B, and with equity declining to $87.5B, leverage is creeping higher. The negative interest coverage in Q2 2026 is driven by the large net loss, but even on an operating basis, coverage is thin. The company's high fixed costs and capital intensity mean that any downturn could quickly pressure its ability to service debt, though the recent dividend cut and capex reduction suggest management is prioritizing liquidity.
Liquidity Buffer Thins Despite Cash Build
Current ratio fell to 1.60 in Q2 2026 from 2.02 in Q4 2025, while quick ratio dropped to 1.25, based on reported figures, indicating a tighter short-term position.
Although cash increased to $12.9B, the decline in the current ratio suggests that current liabilities are growing faster than current assets, possibly due to increased payables or short-term debt. The quick ratio of 1.25 still provides some cushion, but it is below the 1.5-2.0 range typical for a manufacturing firm. Under severe stress, such as a prolonged downturn, the company may need to rely on external financing or further asset sales to meet obligations.
EV/EBITDA Misleads on Turnaround
EV/EBITDA of 41.71 appears expensive, but EBITDA is depressed by heavy depreciation and one-time charges, obscuring the potential of Intel's foundry strategy, as per reported figures.
The most commonly misapplied ratio for Intel is EV/EBITDA, because the company's massive depreciation from fab investments and non-cash impairments artificially inflate the multiple. A more appropriate metric is EV/EBIT or EV/Revenue, which better captures the operating performance before the distorting effects of capital intensity. Investors should also consider forward EV/EBITDA of 30.79, which still implies high expectations for margin recovery, but the ratio alone does not reflect the strategic value of Intel's manufacturing capacity.