KLA Corporation (KLAC) P/E Ratio History
Historical price-to-earnings valuation from 1992 to 2026
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KLAC Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, KLA Corporation (KLAC) trades at a price-to-earnings ratio of 58.1x, with a stock price of $1763.25 and trailing twelve-month earnings per share of $35.45.
The current P/E is 124% above its 5-year average of 25.9x. Over the past five years, KLAC's P/E has ranged from a low of 13.7x to a high of 41.7x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Technology sector median P/E of 27.7x, KLAC trades at a 110% premium to its sector peers. The sector includes 359 companies with P/E ratios ranging from 0.0x to 184.2x.
The PEG ratio of 1.84 (P/E divided by 50% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, KLAC commands a significant premium over the S&P 500 median P/E of 25.1x. 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 KLAC 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.
KLAC P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $326B | 47.4 | 2.76 | +1% | |
| $358B | 69.0 | 3.08 | +43% | |
| $589B | 54.4 | 2.21 | +23% | |
| $55B | 101.8 | - | +5% | |
| $14B | 98.6 | 2.85 | -32% | |
| $15B | 87.7 | 2.43 | +34% | |
| $20B | 68.8 | - | +56%Best | |
| $11B | 209.7 | - | -22% | |
| $4B | 43.2Lowest | 1.22Best | -10% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
KLAC Historical P/E Data (1992–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | $1472.41 | $35.33 | 41.7x | -17% | |
| FY2026 Q2 | Wed Dec 31 2025 00:00:00 GM | $1215.08 | $34.37 | 35.4x | -30% |
| FY2026 Q1 | $1078.60 | $31.82 | 33.9x | -33% | |
| FY2025 Q4 | Mon Jun 30 2025 00:00:00 GM | $895.74 | $30.36 | 29.5x | -41% |
| FY2025 Q3 | Mon Mar 31 2025 00:00:00 GM | $679.80 | $27.48 | 24.7x | -51% |
| FY2025 Q2 | $630.12 | $23.75 | 26.5x | -47% | |
| FY2025 Q1 | Mon Sep 30 2024 00:00:00 GM | $774.41 | $21.90 | 35.4x | -30% |
| FY2024 Q4 | Sun Jun 30 2024 00:00:00 GM | $824.51 | $20.30 | 40.6x | -19% |
| FY2024 Q3 | Sun Mar 31 2024 00:00:00 GM | $698.57 | $19.09 | 36.6x | -27% |
| FY2024 Q2 | Sun Dec 31 2023 00:00:00 GM | $581.30 | $19.69 | 29.5x | -41% |
| FY2024 Q1 | Sat Sep 30 2023 00:00:00 GM | $458.66 | $22.30 | 20.6x | -59% |
| FY2023 Q4 | Fri Jun 30 2023 00:00:00 GM | $485.02 | $24.09 | 20.1x | -60% |
Average P/E for displayed period: 50.3x
Full KLAC Stock Analysis
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Start ComparisonKLAC — Frequently Asked Questions
Quick answers to the most common questions about buying KLAC stock.
Is KLAC stock overvalued or undervalued?
KLAC trades at 58.1x P/E, above its 5-year average of 25.9x. The 100th percentile ranking indicates a premium to historical valuation.
How does KLAC's valuation compare to peers?
KLA Corporation P/E of 58.1x compares to sector median of 27.7x. The premium reflects expected growth above peers.
What is KLAC's PEG ratio?
KLAC PEG ratio is 1.84. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1992-2026.