30 years of historical data (1996–2025) · Technology · Semiconductors
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
KLA Corporation trades at 50.2x earnings, 95% 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 25.2x, the stock trades at a premium of 99%. On a free-cash-flow basis, the stock trades at 53.8x P/FCF, 105% 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 | $201.3B | $119.8B | $112.3B | $68.0B | $48.4B | $50.4B | $30.7B | $18.6B | $16.1B | $14.4B | $11.5B |
| Enterprise Value | $205.3B | $123.8B | $117.1B | $72.2B | $53.5B | $52.5B | $33.1B | $21.0B | $17.0B | $16.2B | $13.4B |
| P/E Ratio → | 50.20 | 29.49 | 40.66 | 20.08 | 14.56 | 24.25 | 25.26 | 15.78 | 20.10 | 15.56 | 16.31 |
| P/S Ratio | 16.56 | 9.86 | 11.44 | 6.48 | 5.25 | 7.28 | 5.29 | 4.06 | 4.00 | 4.14 | 3.85 |
| P/B Ratio | 43.45 | 25.53 | 33.34 | 23.30 | 34.56 | 14.93 | 11.46 | 6.93 | 9.96 | 10.86 | 16.66 |
| P/FCF | 53.79 | 32.02 | 37.04 | 20.44 | 16.09 | 25.80 | 18.90 | 18.15 | 13.88 | 13.84 | 15.78 |
| P/OCF | 49.31 | 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
Enterprise-value multiples — capital-structure-neutral measures of total business value
KLA Corporation's enterprise value stands at 36.4x EBITDA, 83% above its 5-year average of 19.9x. The Technology sector median is 15.7x, placing the stock at a 131% 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 | 36.43 | 21.97 | 29.01 | 16.36 | 13.33 | 18.61 | 15.69 | 12.92 | 10.61 | 12.19 | 13.08 |
| EV / EBIT | 39.17 | 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 |
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.
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% |
| 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% |
Solvency and debt-coverage ratios — lower is generally safer
KLA Corporation carries a Debt/EBITDA ratio of 1.1x, which is manageable (64% below the sector average of 3.0x). Net debt stands at $4.0B ($6.1B total debt minus $2.1B cash). Interest coverage of 17.3x 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 | 17.34 | 17.34 | 11.68 | 13.45 | 22.79 | 15.82 | 10.97 | 11.15 | 13.44 | 10.42 | 7.82 |
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 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
KLA Corporation returns 1.5% to shareholders annually — split between a 0.4% dividend yield and 1.1% buyback yield. The payout ratio of 22.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.0% | 3.4% | 2.5% | 5.0% | 6.9% | 4.1% | 4.0% | 6.3% | 5.0% | 6.4% | 6.1% |
| FCF Yield | 1.9% | 3.1% | 2.7% | 4.9% | 6.2% | 3.9% | 5.3% | 5.5% | 7.2% | 7.2% | 6.3% |
| Buyback Yield | 1.1% | 1.8% | 1.5% | 1.9% | 10.1% | 1.9% | 2.7% | 5.9% | 1.3% | 0.2% | 1.6% |
| Total Shareholder Yield | 1.5% | 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 |
Compare KLAC with 8 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| KLACYou | $201B | 50.2 | 36.4 | 53.8 | 62.3% | 43.1% | 100.8% | 46.5% | 1.1 |
| TER | $50B | 92.0 | 61.2 | 111.3 | 58.6% | 21.7% | 19.7% | 19.8% | 0.4 |
| NVMI | $13B | 76.3 | 63.1 | 58.9 | 57.6% | 27.9% | 21.9% | 14.9% | 1.2 |
| ONTO | $11B | 53.2 | 41.8 | 49.7 | 52.2% | 19.0% | 11.0% | 8.6% | 0.1 |
| FORM | $8B | 111.1 | 76.5 | 96.4 | 40.3% | 8.5% | 7.5% | 6.2% | 0.4 |
| CAMT | $7B | 69.2 | — | — | 48.9% | 25.2% | 23.1% | 13.7% | 1.7 |
| COHU | $1B | -19.0 | — | — | 34.1% | -12.9% | -9.0% | -6.6% | — |
| AEHR | $1B | -287.9 | — | — | 40.6% | -7.3% | -3.2% | -3.0% | — |
| INTT | $144M | 48.5 | 17.0 | 57.8 | 42.4% | 2.6% | 2.9% | 2.9% | 2.9 |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonKLA Corporation's current P/E ratio is 50.2x. The historical average is 37.3x. This places it at the 86th percentile of its historical range.
KLA Corporation's current EV/EBITDA is 36.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.8x.
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%.
Based on historical data, KLA Corporation is trading at a P/E of 50.2x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
KLA Corporation's current dividend yield is 0.44% with a payout ratio of 22.3%.
KLA Corporation has 62.3% gross margin and 43.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
KLA Corporation's Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.