Semtech Corporation (SMTC) P/E Ratio History
Historical price-to-earnings valuation from 1991 to 2026
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SMTC Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Semtech Corporation (SMTC) trades at a price-to-earnings ratio of -53.8x, with a stock price of $121.50 and trailing twelve-month earnings per share of $0.33.
The current P/E is 171% below its 5-year average of 75.9x. Over the past five years, SMTC's P/E has ranged from a low of 12.2x to a high of 221.1x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 27.7x, SMTC trades at a 294% discount to its sector peers. The sector includes 359 companies with P/E ratios ranging from 0.0x to 184.2x.
Relative to the broader market, SMTC trades at a notable discount to 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 SMTC 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.
SMTC P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $5B | 78.7 | - | +51% | |
| $4B | 184.2 | - | -30% | |
| $77B | 123.6 | 4.19Best | -65% | |
| $10B | 21.1Lowest | - | -17% | |
| $8B | 24.6 | - | +524%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
SMTC Historical P/E Data (1991–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Sun Oct 26 2025 00:00:00 GM | $67.79 | $0.31 | 220.5x | +305% |
| FY2026 Q2 | Sun Jul 27 2025 00:00:00 GM | $53.07 | $0.24 | 221.1x | +306% |
| FY2023 Q4 | $33.03 | $0.96 | 34.4x | -37% | |
| FY2023 Q3 | Sun Oct 30 2022 00:00:00 GM | $27.94 | $2.29 | 12.2x | -78% |
| FY2023 Q2 | Sun Jul 31 2022 00:00:00 GM | $62.33 | $2.46 | 25.3x | -53% |
| FY2023 Q1 | Sun May 01 2022 00:00:00 GM | $59.60 | $2.15 | 27.7x | -49% |
| FY2022 Q4 | Mon Jan 31 2022 00:00:00 GM | $71.10 | $1.92 | 37.0x | -32% |
| FY2022 Q3 | Sun Oct 31 2021 00:00:00 GM | $85.03 | $1.63 | 52.2x | -4% |
| FY2022 Q2 | Sun Aug 01 2021 00:00:00 GM | $61.91 | $1.38 | 44.9x | -18% |
| FY2022 Q1 | Sun May 02 2021 00:00:00 GM | $67.74 | $1.12 | 60.5x | +11% |
| FY2021 Q4 | Sun Jan 31 2021 00:00:00 GM | $70.95 | $0.91 | 78.0x | +43% |
| FY2021 Q3 | Sun Oct 25 2020 00:00:00 GM | $56.98 | $0.71 | 80.3x | +47% |
Average P/E for displayed period: 54.5x
Full SMTC Stock Analysis
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Start ComparisonSMTC — Frequently Asked Questions
Quick answers to the most common questions about buying SMTC stock.
Is SMTC stock overvalued or undervalued?
SMTC trades at -53.8x P/E, below its 5-year average of 75.9x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does SMTC's valuation compare to peers?
Semtech Corporation P/E of -53.8x compares to sector median of 27.7x. The discount suggests lower growth expectations or higher risk.
What is SMTC's PEG ratio?
SMTC PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1991-2026.