Semtech Corporation (SMTC) P/E Ratio History
Deep ValueTrading at -344.0x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 1991–2026
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P/E Ratio Analysis
As of June 22, 2026, Semtech Corporation (SMTC) trades at a price-to-earnings ratio of -344.0x, with a stock price of $158.23 and trailing twelve-month earnings per share of $-0.37.
The current P/E is 553% 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 29.0x, SMTC trades at a 1286% discount to its sector peers. The sector includes 352 companies with P/E ratios ranging from 0.0x to 187.7x.
Relative to the broader market, SMTC trades at a notable discount to the S&P 500 median P/E of 24.4x. 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 Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
SMTC P/E vs Peers
Analog, Mixed-Signal and RF Chips peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $5B | 83.5 | - | +51% | |
| $5B | 223.4 | - | -30% | |
| $77B | 122.6 | 4.16Best | -65% | |
| $11B | 23.5Lowest | - | -17% | |
| $9B | 27.2 | - | +524%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
SMTC Historical P/E Data (1991–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Oct 26 2025 | $67.79 | $0.31 | 220.5x | +305% |
| FY2026 Q2 | Jul 27 2025 | $53.07 | $0.24 | 221.1x | +306% |
| FY2023 Q4 | - | $33.03 | $0.96 | 34.4x | -37% |
| FY2023 Q3 | Oct 30 2022 | $27.94 | $2.29 | 12.2x | -78% |
| FY2023 Q2 | Jul 31 2022 | $62.33 | $2.46 | 25.3x | -53% |
| FY2023 Q1 | May 01 2022 | $59.60 | $2.15 | 27.7x | -49% |
| FY2022 Q4 | Jan 31 2022 | $71.10 | $1.92 | 37.0x | -32% |
| FY2022 Q3 | Oct 31 2021 | $85.03 | $1.63 | 52.2x | -4% |
| FY2022 Q2 | Aug 01 2021 | $61.91 | $1.38 | 44.9x | -18% |
| FY2022 Q1 | May 02 2021 | $67.74 | $1.12 | 60.5x | +11% |
| FY2021 Q4 | Jan 31 2021 | $70.95 | $0.91 | 78.0x | +43% |
| FY2021 Q3 | Oct 25 2020 | $56.98 | $0.71 | 80.3x | +47% |
| FY2021 Q2 | Jul 26 2020 | $51.69 | $0.64 | 80.8x | +48% |
| FY2021 Q1 | Apr 26 2020 | $43.18 | $0.43 | 100.4x | +84% |
| FY2020 Q4 | Jan 31 2020 | $48.19 | $0.47 | 102.5x | +88% |
| FY2020 Q3 | Oct 27 2019 | $49.87 | $0.63 | 79.2x | +45% |
| FY2020 Q2 | Jul 28 2019 | $53.63 | $0.60 | 89.4x | +64% |
| FY2020 Q1 | Apr 28 2019 | $53.92 | $0.94 | 57.4x | +5% |
| FY2019 Q4 | - | $48.56 | $0.93 | 52.2x | -4% |
| FY2019 Q3 | Oct 28 2018 | $43.93 | $0.71 | 61.8x | +14% |
| FY2019 Q2 | Jul 29 2018 | $48.75 | $0.73 | 66.7x | +23% |
| FY2019 Q1 | Apr 29 2018 | $39.95 | $0.55 | 72.6x | +33% |
| FY2018 Q4 | Jan 31 2018 | $35.80 | $0.55 | 65.0x | +19% |
| FY2018 Q3 | Oct 29 2017 | $40.35 | $0.69 | 58.5x | +7% |
| FY2018 Q2 | Jul 30 2017 | $39.75 | $0.95 | 41.8x | -23% |
| FY2018 Q1 | Apr 30 2017 | $34.15 | $0.90 | 37.9x | -30% |
| FY2017 Q4 | - | $32.95 | $0.83 | 39.7x | -27% |
| FY2017 Q3 | Oct 30 2016 | $24.20 | $0.73 | 33.2x | -39% |
| FY2017 Q2 | Jul 31 2016 | $25.42 | $0.43 | 59.1x | +9% |
| FY2017 Q1 | May 01 2016 | $21.64 | $0.29 | 75.8x | +39% |
| FY2016 Q4 | Jan 31 2016 | $20.10 | $0.17 | 116.1x | +113% |
| FY2016 Q2 | Jul 26 2015 | $17.93 | $0.02 | 772.8x | +1319% |
| FY2016 Q1 | Apr 26 2015 | $23.60 | $0.29 | 82.0x | +51% |
| FY2015 Q4 | Jan 31 2015 | $25.46 | $0.41 | 62.1x | +14% |
| FY2014 Q3 | Oct 27 2013 | $30.18 | $0.87 | 34.7x | -36% |
| FY2014 Q2 | Jul 28 2013 | $31.34 | $0.94 | 33.3x | -39% |
| FY2014 Q1 | Apr 28 2013 | $31.20 | $0.81 | 38.5x | -29% |
| FY2013 Q4 | - | $30.16 | $0.62 | 48.6x | -11% |
| FY2013 Q3 | Oct 28 2012 | $24.93 | $0.62 | 40.2x | -26% |
| FY2013 Q2 | Jul 29 2012 | $24.39 | $0.77 | 31.7x | -42% |
| FY2013 Q1 | Apr 29 2012 | $27.29 | $1.02 | 26.8x | -51% |
| FY2012 Q4 | - | $28.48 | $1.33 | 21.4x | -61% |
| FY2012 Q3 | Oct 30 2011 | $25.32 | $1.56 | 16.2x | -70% |
| FY2012 Q2 | Jul 31 2011 | $23.30 | $1.41 | 16.5x | -70% |
| FY2012 Q1 | May 01 2011 | $28.07 | $1.32 | 21.3x | -61% |
| FY2011 Q4 | Jan 31 2011 | $21.84 | $1.15 | 19.0x | -65% |
| FY2011 Q3 | Oct 31 2010 | $21.41 | $0.89 | 24.1x | -56% |
| FY2011 Q2 | Aug 01 2010 | $17.38 | $0.30 | 57.9x | +6% |
| FY2011 Q1 | May 02 2010 | $18.17 | $0.11 | 165.2x | +203% |
| FY2010 Q4 | Jan 31 2010 | $14.98 | $0.02 | 749.0x | +1275% |
| FY2010 Q2 | Jul 26 2009 | $18.23 | $0.49 | 37.2x | -32% |
| FY2010 Q1 | Apr 26 2009 | $14.58 | $0.56 | 26.0x | -52% |
| FY2009 Q4 | Jan 31 2009 | $11.75 | $0.61 | 19.3x | -65% |
| FY2009 Q3 | Oct 26 2008 | $10.15 | $0.74 | 13.7x | -75% |
| FY2009 Q2 | Jul 27 2008 | $14.95 | $0.79 | 18.9x | -65% |
| FY2009 Q1 | Apr 27 2008 | $16.48 | $0.73 | 22.6x | -59% |
| FY2008 Q4 | - | $12.77 | $0.71 | 18.0x | -67% |
| FY2008 Q3 | Oct 28 2007 | $17.23 | $0.54 | 31.8x | -42% |
| FY2008 Q2 | Jul 29 2007 | $16.28 | $0.39 | 41.5x | -24% |
| FY2008 Q1 | Apr 29 2007 | $14.75 | $0.37 | 39.7x | -27% |
| FY2007 Q4 | Jan 31 2007 | $13.70 | $0.42 | 32.5x | -40% |
| FY2007 Q3 | Oct 29 2006 | $12.50 | $0.54 | 23.1x | -57% |
| FY2007 Q2 | Jul 30 2006 | $12.32 | $0.60 | 20.5x | -62% |
| FY2007 Q1 | Apr 30 2006 | $18.75 | $0.58 | 32.3x | -41% |
| FY2006 Q4 | - | $19.28 | $0.56 | 34.4x | -37% |
| FY2006 Q3 | Oct 30 2005 | $14.69 | $0.48 | 30.6x | -44% |
| FY2006 Q2 | Jul 31 2005 | $18.36 | $0.52 | 35.3x | -35% |
| FY2006 Q1 | May 01 2005 | $16.89 | $0.65 | 26.0x | -52% |
| FY2005 Q4 | Jan 31 2005 | $18.38 | $0.70 | 26.3x | -52% |
| FY2005 Q3 | Oct 31 2004 | $20.88 | $0.76 | 27.5x | -50% |
| FY2005 Q2 | Jul 25 2004 | $19.48 | $0.69 | 28.2x | -48% |
| FY2005 Q1 | Apr 25 2004 | $24.07 | $0.50 | 48.1x | -12% |
| FY2004 Q4 | Jan 31 2004 | $24.93 | $0.42 | 59.4x | +9% |
| FY2004 Q3 | Oct 26 2003 | $21.09 | $0.26 | 80.7x | +48% |
| FY2004 Q2 | Jul 27 2003 | $16.10 | $0.31 | 51.7x | -5% |
| FY2004 Q1 | Apr 27 2003 | $15.96 | $0.42 | 37.9x | -30% |
| FY2003 Q4 | Jan 31 2003 | $13.32 | $0.44 | 30.2x | -45% |
| FY2003 Q3 | Oct 27 2002 | $13.96 | $0.55 | 25.4x | -53% |
| FY2003 Q2 | Jul 28 2002 | $18.65 | $0.52 | 35.9x | -34% |
| FY2003 Q1 | Apr 28 2002 | $31.02 | $0.31 | 101.1x | +86% |
| FY2002 Q4 | - | $34.61 | $0.35 | 99.8x | +83% |
| FY2002 Q3 | Oct 28 2001 | $40.21 | $0.47 | 86.1x | +58% |
| FY2002 Q2 | Jul 29 2001 | $37.31 | $0.55 | 68.2x | +25% |
| FY2002 Q1 | Apr 29 2001 | $27.53 | $0.80 | 34.4x | -37% |
| FY2001 Q4 | Jan 31 2001 | $28.88 | $0.79 | 36.6x | -33% |
| FY2001 Q3 | Oct 29 2000 | $30.06 | $0.69 | 43.6x | -20% |
| FY2001 Q2 | Jul 01 2000 | $38.24 | $0.59 | 64.8x | +19% |
| FY2001 Q1 | Apr 30 2000 | $34.09 | $0.50 | 68.2x | +25% |
| FY2000 Q4 | Jan 31 2000 | $30.00 | $0.42 | 71.4x | +31% |
| FY2000 Q3 | Oct 31 1999 | $19.16 | $0.36 | 53.9x | -1% |
| FY2000 Q2 | Aug 01 1999 | $15.47 | $0.30 | 52.4x | -4% |
| FY2000 Q1 | May 02 1999 | $8.16 | $0.23 | 36.2x | -34% |
| FY1999 Q4 | Jan 31 1999 | $8.94 | $0.23 | 39.7x | -27% |
| FY1999 Q3 | Nov 01 1998 | $5.95 | $0.23 | 25.4x | -53% |
| FY1999 Q2 | Aug 02 1998 | $2.89 | $0.22 | 12.9x | -76% |
| FY1999 Q1 | May 03 1998 | $6.44 | $0.26 | 24.3x | -55% |
| FY1998 Q4 | Jan 31 1998 | $5.81 | $0.24 | 23.8x | -56% |
| FY1998 Q3 | Nov 02 1997 | $5.82 | $0.22 | 26.7x | -51% |
| FY1998 Q2 | Aug 03 1997 | $5.38 | $0.21 | 25.9x | -53% |
| FY1998 Q1 | Apr 27 1997 | $2.88 | $0.18 | 16.2x | -70% |
| FY1997 Q4 | Jan 31 1997 | $3.11 | $0.16 | 19.7x | -64% |
| FY1997 Q3 | Oct 27 1996 | $1.63 | $0.16 | 10.3x | -81% |
| FY1997 Q2 | Jul 28 1996 | $0.84 | $0.16 | 5.4x | -90% |
| FY1997 Q1 | Apr 28 1996 | $1.66 | $0.17 | 9.9x | -82% |
| FY1996 Q4 | Jan 31 1996 | $2.50 | $0.16 | 15.9x | -71% |
| FY1996 Q3 | Oct 29 1995 | $3.28 | $0.13 | 25.3x | -53% |
| FY1996 Q2 | Jul 30 1995 | $2.31 | $0.10 | 23.2x | -57% |
| FY1996 Q1 | Apr 30 1995 | $1.63 | $0.07 | 23.4x | -57% |
| FY1995 Q4 | - | $0.64 | $0.05 | 12.9x | -76% |
| FY1995 Q3 | Oct 31 1994 | $0.30 | $0.03 | 10.2x | -81% |
| FY1995 Q2 | Jul 31 1994 | $0.33 | $0.03 | 10.9x | -80% |
| FY1995 Q1 | Apr 30 1994 | $0.34 | $0.02 | 17.2x | -68% |
| FY1994 Q4 | Jan 31 1994 | $0.27 | $0.02 | 13.7x | -75% |
| FY1994 Q3 | Oct 31 1993 | $0.23 | $0.03 | 7.8x | -86% |
| FY1993 Q4 | Jan 31 1993 | $0.34 | $0.03 | 11.2x | -79% |
| FY1993 Q3 | Oct 31 1992 | $0.22 | $0.02 | 11.6x | -79% |
| FY1993 Q2 | Jul 31 1992 | $0.19 | $0.02 | 10.0x | -82% |
| FY1993 Q1 | - | $0.25 | $0.02 | 13.3x | -76% |
| FY1992 Q4 | Jan 31 1992 | $0.27 | $0.03 | 9.2x | -83% |
| FY1992 Q3 | - | $0.31 | $0.06 | 5.1x | -91% |
| FY1992 Q2 | Jul 31 1991 | $0.31 | $0.04 | 7.0x | -87% |
| FY1992 Q1 | - | $0.34 | $0.04 | 7.7x | -86% |
| FY1991 Q4 | - | $0.19 | $0.03 | 5.4x | -90% |
Average P/E for displayed period: 54.5x
Full Stock Analysis
Deep dive into SMTC consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
35+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
SMTC — Frequently Asked Questions
Quick answers to the most common questions about buying SMTC stock.
What is SMTC's P/E ratio?
Semtech Corporation (SMTC) trailing twelve-month P/E ratio is -344.0x, based on TTM diluted EPS of $-0.37. The 5-year average P/E is 75.9x and the historical range spans 12.2x to 221.1x.
Is SMTC stock overvalued or undervalued?
SMTC trades at -344.0x P/E, below its 5-year average of 75.9x. At the 0th percentile of its historical range (12.2x–221.1x), the stock is priced at a discount to its own history.
Is SMTC stock expensive?
No, SMTC is not expensive on a historical basis. The current P/E of -344.0x is below the 5-year average of 75.9x and sits at the 0th percentile of its valuation range.
What is SMTC's historical P/E range?
Over the past 5 years, SMTC's P/E ratio has ranged from 12.2x to 221.1x, with a median of 61.8x and an average of 75.9x. The current P/E of -344.0x places the stock at the 0th percentile of this range. Full historical data spans 1991–2026.
How does SMTC's P/E compare to the S&P 500?
SMTC trades at -344.0x P/E versus the S&P 500 median of 24.4x. The 1510% discount to the market suggests lower growth expectations or perceived higher risk.
How does SMTC's valuation compare to Technology peers?
Semtech Corporation P/E of -344.0x compares to the Technology sector median of 29.0x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is SMTC's PEG ratio?
SMTC PEG ratio is N/A, based on a P/E of -344.0x and EPS growth of 0.0%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is SMTC's earnings yield?
SMTC earnings yield is N/A, the inverse of its -344.0x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.