KLA Corporation (KLAC) P/E Ratio History
Historical price-to-earnings valuation from 1992 to 2026
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of February 28, 2026, KLA Corporation (KLAC) trades at a price-to-earnings ratio of 50.2x, with a stock price of $1524.55 and trailing twelve-month earnings per share of $34.48.
The current P/E is 99% above its 5-year average of 25.2x. Over the past five years, KLAC's P/E has ranged from a low of 13.7x to a high of 40.6x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Technology sector median P/E of 25.2x, KLAC trades at a 99% premium to its sector peers. The sector includes 345 companies with P/E ratios ranging from 0.0x to 199.1x.
The PEG ratio of 1.59 (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 26.2x. 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.
Peer Comparison
P/E metrics vs. Semiconductor Test, Metrology and Inspection Equipment peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
KLACKLA Corporation | $201B | 50.2 | 1.59 | +50% |
TERTeradyne, Inc. | $50B | 92.0 | - | +5% |
NVMINova Ltd. | $13B | 76.3 | 2.11 | +34% |
ONTOOnto Innovation Inc. | $11B | 53.2 | 0.41Best | +65%Best |
FORMFormFactor, Inc. | $8B | 111.1 | 9.43 | -15% |
CAMTCamtek Ltd. | $7B | 69.2 | 1.98 | +50% |
INTTinTEST Corporation | $144M | 48.5Lowest | 27.65 | -70% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| 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% |
| FY2023 Q3 | Fri Mar 31 2023 00:00:00 GM | $399.17 | $24.52 | 16.3x | -68% |
Average P/E for displayed period: 50.3x
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Start ComparisonFrequently Asked Questions
Is KLAC stock overvalued or undervalued?
KLAC trades at 50.2x P/E, above its 5-year average of 25.2x. The 100th percentile ranking indicates a premium to historical valuation.
How does KLAC's valuation compare to peers?
KLA Corporation P/E of 50.2x compares to sector median of 25.2x. The premium reflects expected growth above peers.
What is KLAC's PEG ratio?
KLAC PEG ratio is 1.59. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1992-2026.