KLA Corporation (KLAC) Financial Ratios
30 years of historical data (1996–2025) · Technology · Semiconductors
EV/EBITDA
↑
43.06
↑+117% vs avg
5yr avg: 19.86
30Y Low5.6·High40.0
P/FCF
↑
63.78
↑+143% vs avg
5yr avg: 26.28
30Y Low8.9·High97.4
P/B Ratio
↑
51.77
↑+97% vs avg
5yr avg: 26.33
30Y Low2.0·High34.6
ROE
↑
100.8%
-9% vs avg
5yr avg: 110.7%
30Y Low-20%·High157%
Debt/EBITDA
↓
1.08
↓-24% vs avg
5yr avg: 1.42
30Y Low0.0·High4.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
KLAC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
KLA Corporation trades at 59.8x earnings, 132% above its 5-year average of 25.8x, sitting at the 86th percentile of its historical range. Compared to the Technology sector median P/E of 27.2x, the stock trades at a premium of 120%. On a free-cash-flow basis, the stock trades at 63.8x P/FCF, 143% above the 5-year average of 26.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $238.6B | $119.8B | $112.3B | $68.0B | $48.4B | $50.4B | $30.7B | $18.6B | $16.1B | $14.4B | $11.5B |
| Enterprise Value | $242.7B | $123.8B | $117.1B | $72.2B | $53.5B | $52.5B | $33.1B | $21.0B | $17.0B | $16.2B | $13.4B |
| P/E Ratio → | 59.81 | 29.49 | 40.66 | 20.08 | 14.56 | 24.25 | 25.26 | 15.78 | 20.10 | 15.56 | 16.31 |
| P/S Ratio | 19.63 | 9.86 | 11.44 | 6.48 | 5.25 | 7.28 | 5.29 | 4.06 | 4.00 | 4.14 | 3.85 |
| P/B Ratio | 51.77 | 25.53 | 33.34 | 23.30 | 34.56 | 14.93 | 11.46 | 6.93 | 9.96 | 10.86 | 16.66 |
| P/FCF | 63.78 | 32.02 | 37.04 | 20.44 | 16.09 | 25.80 | 18.90 | 18.15 | 13.88 | 13.84 | 15.78 |
| P/OCF | 58.46 | 29.35 | 33.94 | 18.53 | 14.60 | 23.06 | 17.27 | 16.09 | 13.13 | 13.35 | 15.12 |
P/E links to full P/E history page with 30-year chart
KLAC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
KLA Corporation's enterprise value stands at 43.1x EBITDA, 117% above its 5-year average of 19.9x. The Technology sector median is 17.3x, placing the stock at a 149% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.19 | 11.94 | 6.87 | 5.81 | 7.59 | 5.69 | 4.59 | 4.20 | 4.65 | 4.50 |
| EV / EBITDA | 43.06 | 21.97 | 29.01 | 16.36 | 13.33 | 18.61 | 15.69 | 12.92 | 10.61 | 12.19 | 13.08 |
| EV / EBIT | 46.30 | 25.03 | 33.45 | 17.66 | 14.67 | 20.85 | 22.39 | 14.75 | 10.81 | 12.49 | 13.69 |
| EV / FCF | — | 33.09 | 38.64 | 21.68 | 17.82 | 26.88 | 20.33 | 20.50 | 14.60 | 15.55 | 18.45 |
KLAC Profitability
Margins and return-on-capital ratios measuring operating efficiency
KLA Corporation earns an operating margin of 43.1%. Operating margins have expanded from 38.1% to 43.1% over the past 3 years, signaling improving operational efficiency. Return on equity of 100.8% is exceptionally high, though this is partly amplified by negative book value driven by aggressive share buybacks. ROIC of 46.5% represents excellent returns on invested capital.
Margins
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 | 62.3% | 62.3% | 60.0% | 59.8% | 61.0% | 59.9% | 57.8% | 59.1% | 64.1% | 63.0% | 61.0% |
| Operating Margin | 43.1% | 43.1% | 37.1% | 38.1% | 39.7% | 36.0% | 30.3% | 30.4% | 38.1% | 36.7% | 32.2% |
| Net Profit Margin | 33.4% | 33.4% | 28.1% | 32.3% | 36.1% | 30.0% | 21.0% | 25.7% | 19.9% | 26.6% | 23.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 100.8% | 100.8% | 87.8% | 156.9% | 139.1% | 68.6% | 45.4% | 54.7% | 54.4% | 91.9% | 126.9% |
| ROA | 25.8% | 25.8% | 18.7% | 25.4% | 29.1% | 21.3% | 13.3% | 16.1% | 14.4% | 17.6% | 14.4% |
| ROIC | 46.5% | 46.5% | 35.7% | 43.9% | 45.4% | 35.5% | 26.1% | 27.6% | 41.5% | 33.3% | 26.6% |
| ROCE | 46.1% | 46.1% | 34.5% | 39.8% | 40.8% | 31.6% | 23.7% | 23.9% | 35.6% | 31.1% | 24.7% |
KLAC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
KLA Corporation carries a Debt/EBITDA ratio of 1.1x, which is manageable (63% below the sector average of 2.9x). Net debt stands at $4.0B ($6.1B total debt minus $2.1B cash). Interest coverage of 16.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.30 | 1.30 | 2.02 | 2.08 | 4.84 | 1.05 | 1.33 | 1.28 | 1.38 | 2.21 | 4.44 |
| Debt / EBITDA | 1.08 | 1.08 | 1.69 | 1.37 | 1.69 | 1.26 | 1.69 | 2.11 | 1.40 | 2.21 | 2.98 |
| Net Debt / Equity | — | 0.85 | 1.44 | 1.42 | 3.71 | 0.63 | 0.87 | 0.90 | 0.51 | 1.34 | 2.83 |
| Net Debt / EBITDA | 0.71 | 0.71 | 1.20 | 0.94 | 1.29 | 0.75 | 1.11 | 1.48 | 0.52 | 1.34 | 1.90 |
| Debt / FCF | — | 1.07 | 1.60 | 1.24 | 1.73 | 1.08 | 1.44 | 2.36 | 0.72 | 1.71 | 2.68 |
| Interest Coverage | 16.37 | 16.37 | 11.25 | 13.76 | 22.76 | 16.00 | 9.22 | 11.40 | 13.73 | 10.59 | 7.98 |
KLAC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
KLA Corporation's current ratio of 2.62x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.83x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.24x to 2.62x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.62 | 2.62 | 2.15 | 2.24 | 2.50 | 2.71 | 2.78 | 2.44 | 3.73 | 3.40 | 3.86 |
| Quick Ratio | 1.83 | 1.83 | 1.50 | 1.47 | 1.75 | 1.96 | 2.01 | 1.73 | 2.97 | 2.83 | 3.16 |
| Cash Ratio | 1.10 | 1.10 | 0.97 | 0.87 | 0.94 | 1.19 | 1.17 | 0.98 | 2.36 | 2.33 | 2.49 |
| Asset Turnover | — | 0.76 | 0.64 | 0.75 | 0.73 | 0.67 | 0.63 | 0.51 | 0.72 | 0.63 | 0.60 |
| Inventory Turnover | 1.43 | 1.43 | 1.29 | 1.47 | 1.67 | 1.76 | 1.87 | 1.48 | 1.55 | 1.76 | 1.67 |
| Days Sales Outstanding | — | 73.07 | 74.57 | 67.30 | 79.89 | 77.31 | 79.46 | 86.61 | 58.92 | 59.90 | 77.22 |
KLAC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
KLA Corporation returns 1.3% to shareholders annually — split between a 0.4% dividend yield and 0.9% buyback yield. The payout ratio of 22.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 0.4% | 0.8% | 0.7% | 1.1% | 1.3% | 1.1% | 1.7% | 2.5% | 2.5% | 2.4% | 3.0% |
| Payout Ratio | 22.3% | 22.3% | 28.0% | 21.6% | 19.2% | 26.9% | 42.9% | 40.2% | 50.1% | 37.1% | 49.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.7% | 3.4% | 2.5% | 5.0% | 6.9% | 4.1% | 4.0% | 6.3% | 5.0% | 6.4% | 6.1% |
| FCF Yield | 1.6% | 3.1% | 2.7% | 4.9% | 6.2% | 3.9% | 5.3% | 5.5% | 7.2% | 7.2% | 6.3% |
| Buyback Yield | 0.9% | 1.8% | 1.5% | 1.9% | 10.1% | 1.9% | 2.7% | 5.9% | 1.3% | 0.2% | 1.6% |
| Total Shareholder Yield | 1.3% | 2.5% | 2.2% | 3.0% | 11.4% | 3.0% | 4.4% | 8.4% | 3.8% | 2.6% | 4.6% |
| Shares Outstanding | — | $134M | $136M | $140M | $152M | $155M | $158M | $157M | $157M | $157M | $157M |
Peer Comparison
Compare KLAC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 KLACYou | $239B | 59.8 | 43.1 | 63.8 | 62.3% | 43.1% | 100.8% | 46.5% | 1.1 |
 AMAT | $340B | 49.5 | 40.4 | 59.7 | 48.7% | 29.2% | 35.5% | 33.3% | 0.8 |
 LRCX | $371B | 71.6 | 58.8 | 68.5 | 48.7% | 32.0% | 58.2% | 55.7% | 0.8 |
 ASML | $600B | 55.5 | 42.3 | 48.0 | 52.8% | 34.6% | 48.5% | 80.9% | 0.2 |
 TER | $60B | 110.0 | 73.2 | 133.1 | 58.6% | 21.7% | 19.7% | 19.8% | 0.4 |
 ONTO | $15B | 105.8 | 73.9 | 48.8 | 49.7% | 13.2% | 6.8% | 5.7% | 0.1 |
 COHU | $2B | -31.2 | — | 217.2 | 34.5% | -13.3% | -9.0% | -5.7% | — |
 NVMI | $16B | 93.0 | 76.8 | 71.8 | 57.6% | 27.9% | 21.9% | 14.9% | 1.2 |
 MKSI | $20B | 67.2 | 26.2 | 39.8 | 40.4% | 14.4% | 11.7% | 6.5% | 5.2 |
 FORM | $12B | 216.1 | 104.1 | 990.2 | 39.1% | 8.2% | 5.5% | 5.4% | 0.4 |
 ACMR | $4B | 40.4 | 25.5 | — | 44.4% | 12.1% | 6.2% | 7.0% | 2.4 |
| Technology Median | — | 27.2 | 17.3 | 19.8 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonKLAC — Frequently Asked Questions
Quick answers to the most common questions about buying KLAC stock.
What is KLA Corporation's P/E ratio?
KLA Corporation's current P/E ratio is 59.8x. The historical average is 37.3x. This places it at the 86th percentile of its historical range.
What is KLA Corporation's EV/EBITDA?
KLA Corporation's current EV/EBITDA is 43.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.8x.
What is KLA Corporation's ROE?
KLA Corporation's return on equity (ROE) is 100.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 39.3%.
Is KLAC stock overvalued?
Based on historical data, KLA Corporation is trading at a P/E of 59.8x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is KLA Corporation's dividend yield?
KLA Corporation's current dividend yield is 0.37% with a payout ratio of 22.3%.
What are KLA Corporation's profit margins?
KLA Corporation has 62.3% gross margin and 43.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does KLA Corporation have?
KLA Corporation's Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.