Price to Sales (P/S)
since 2009
Calculation
Broadcom Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net revenue1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 18, 2025 | 24.48 | = | 329.88 | ÷ | 13.47 | 13.47 | = | 63,887 | ÷ | 4,741,273,799 | |
| Dec 20, 2024 | 20.07 | = | 220.79 | ÷ | 11.00 | 11.00 | = | 51,574 | ÷ | 4,687,356,156 | |
| Dec 14, 2023 | 14.46 | = | 110.65 | ÷ | 7.65 | 7.65 | = | 35,819 | ÷ | 4,681,405,690 | |
| Dec 16, 2022 | 7.00 | = | 55.59 | ÷ | 7.95 | 7.95 | = | 33,203 | ÷ | 4,178,861,400 | |
| Dec 17, 2021 | 9.55 | = | 63.50 | ÷ | 6.65 | 6.65 | = | 27,450 | ÷ | 4,128,739,680 | |
| Dec 18, 2020 | 7.40 | = | 43.46 | ÷ | 5.87 | 5.87 | = | 23,888 | ÷ | 4,067,131,180 | |
| Dec 20, 2019 | 5.62 | = | 31.90 | ÷ | 5.68 | 5.68 | = | 22,597 | ÷ | 3,977,922,890 | |
| Dec 21, 2018 | 4.78 | = | 24.49 | ÷ | 5.12 | 5.12 | = | 20,848 | ÷ | 4,072,709,010 | |
| Dec 21, 2017 | 6.07 | = | 26.15 | ÷ | 4.31 | 4.31 | = | 17,636 | ÷ | 4,093,624,750 | |
| Dec 23, 2016 | 5.48 | = | 18.19 | ÷ | 3.32 | 3.32 | = | 13,240 | ÷ | 3,989,803,920 | |
| Dec 17, 2015 | 5.69 | = | 14.05 | ÷ | 2.47 | 2.47 | = | 6,824 | ÷ | 2,764,895,750 | |
| Dec 29, 2014 | 6.06 | = | 10.13 | ÷ | 1.67 | 1.67 | = | 4,269 | ÷ | 2,553,315,270 | |
| Dec 20, 2013 | 5.11 | = | 5.17 | ÷ | 1.01 | 1.01 | = | 2,520 | ÷ | 2,489,094,160 | |
| Dec 17, 2012 | 3.33 | = | 3.20 | ÷ | 0.96 | 0.96 | = | 2,364 | ÷ | 2,457,424,880 | |
| Dec 16, 2011 | 3.01 | = | 2.88 | ÷ | 0.96 | 0.96 | = | 2,336 | ÷ | 2,444,069,160 | |
| Dec 15, 2010 | 3.05 | = | 2.64 | ÷ | 0.87 | 0.87 | = | 2,093 | ÷ | 2,415,891,630 | |
| Dec 15, 2009 | 2.65 | = | 1.67 | ÷ | 0.63 | 0.63 | = | 1,484 | ÷ | 2,353,928,970 |
Based on: 10-K (reporting date: 2025-11-02), 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Broadcom Inc. Annual Report.
- Share Price Trends
- The share price demonstrated a consistent upward trajectory over the analyzed period. Starting at $1.67, the price experienced moderate growth in the early years, reaching $10.13 by 2014. From 2015 onwards, the increase became more pronounced, with the share price more than doubling between 2022 and 2023. By 2025, the share price reached $329.88, indicating strong market appreciation and investor confidence over the long term.
- Sales per Share Trends
- Sales per share showed steady growth throughout the period, starting at $0.63 and increasing consistently, reaching $7.95 by 2022. There was a slight decline from $7.95 in 2022 to $7.65 in 2023, followed by a substantial jump to $11.00 in 2024 and $13.47 in 2025. This pattern suggests sustained revenue growth per share with minor fluctuations, culminating in accelerated growth in the last two years considered.
- Price-to-Sales (P/S) Ratio Analysis
- The P/S ratio fluctuated notably over the time series. Initial values ranged between 2.65 and 3.33, with an upward trend observed by 2013, reaching over 6 in 2014 and maintaining values generally above 5 thereafter. Notably, the ratio peaked sharply toward the end of the period, reaching 24.48 in 2025. This indicates that the market price increased at a faster rate than sales per share, reflecting heightened market valuation relative to revenue and potentially increased investor expectations for future growth or profitability.
- Overall Observations
- The data reveal a company experiencing robust growth in market valuation and sales per share over an extended period. The sharp rise in the P/S ratio near the latter years suggests that the stock became more richly valued compared to earlier years, possibly reflecting strong investor sentiment or strategic developments expected to drive further growth. The intermittent slight decrease in sales per share in 2023 contrasts with the otherwise consistent rising trend, highlighting the importance of monitoring underlying business performance alongside market metrics.
Comparison to Competitors
Broadcom Inc., P/S, long-term trends, comparison to competitors
| Broadcom Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 18, 2025 | 24.48 | — | 11.20 | 7.25 | — | 9.93 | 7.00 | 5.64 | 24.55 | 4.35 | — |
| Dec 20, 2024 | 20.07 | 7.04 | 11.53 | 5.07 | 1.58 | 9.64 | 6.95 | 4.51 | 27.69 | 4.93 | 10.65 |
| Dec 14, 2023 | 14.46 | 11.95 | 7.31 | 5.08 | 3.40 | 6.47 | 4.99 | 4.94 | 21.33 | 3.45 | 8.26 |
| Dec 16, 2022 | 7.00 | 5.38 | 7.14 | 3.43 | 1.85 | 6.09 | 3.68 | 1.87 | 24.67 | 2.85 | 8.25 |
| Dec 17, 2021 | 9.55 | 8.76 | 12.98 | 5.63 | 2.66 | 7.80 | 5.62 | 2.83 | 20.41 | 4.62 | 8.63 |
| Dec 18, 2020 | 7.40 | 10.63 | 9.03 | 4.69 | 2.96 | 5.43 | 5.43 | 2.73 | 17.31 | 6.20 | 10.81 |
| Dec 20, 2019 | 5.62 | 8.59 | 7.06 | 3.75 | 4.07 | 4.74 | 3.10 | 2.15 | 8.05 | 3.98 | 8.54 |
| Dec 21, 2018 | 4.78 | 3.58 | 5.35 | 1.87 | 3.09 | 4.57 | 2.51 | 1.58 | 15.07 | 3.37 | 6.38 |
| Dec 21, 2017 | 6.07 | 2.28 | 6.40 | 3.82 | 3.39 | 4.00 | 3.25 | 2.30 | 8.76 | 3.54 | 6.83 |
| Dec 23, 2016 | 5.48 | 3.08 | 6.57 | 3.29 | 2.90 | 4.06 | 2.46 | 1.44 | 3.55 | 4.21 | 5.77 |
| Dec 17, 2015 | 5.69 | 0.38 | 5.49 | 2.26 | 2.44 | 2.93 | 2.17 | 1.12 | 2.68 | 3.58 | 4.06 |
| Dec 29, 2014 | 6.06 | 0.43 | 6.04 | 3.29 | 2.91 | 4.08 | 2.50 | 2.12 | 2.36 | 4.85 | 4.73 |
| Dec 20, 2013 | 5.11 | 0.51 | 5.90 | 2.66 | 2.34 | 3.41 | 2.10 | 1.94 | 1.84 | 4.74 | 3.95 |
| Dec 17, 2012 | 3.33 | 0.34 | 4.48 | 1.48 | 1.96 | 2.73 | 2.39 | 0.67 | 2.28 | 5.18 | 2.94 |
| Dec 16, 2011 | 3.01 | 0.79 | 3.32 | 1.38 | 2.47 | 1.90 | 1.38 | 0.62 | 2.94 | 5.86 | 2.78 |
| Dec 15, 2010 | 3.05 | 0.97 | 3.89 | 1.86 | 2.79 | 2.98 | 2.18 | 0.91 | 3.00 | 6.72 | 2.99 |
| Dec 15, 2009 | 2.65 | 0.99 | 4.31 | 3.58 | 3.28 | 3.50 | 3.47 | 1.21 | 1.58 | 7.03 | 2.89 |
Based on: 10-K (reporting date: 2025-11-02), 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Broadcom Inc., P/S, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Broadcom Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 18, 2025 | 24.48 | — |
| Dec 20, 2024 | 20.07 | 11.74 |
| Dec 14, 2023 | 14.46 | 8.26 |
| Dec 16, 2022 | 7.00 | 5.82 |
| Dec 17, 2021 | 9.55 | 6.31 |
| Dec 18, 2020 | 7.40 | 5.80 |
| Dec 20, 2019 | 5.62 | 4.72 |
| Dec 21, 2018 | 4.78 | 3.83 |
| Dec 21, 2017 | 6.07 | 4.13 |
| Dec 23, 2016 | 5.48 | 3.59 |
| Dec 17, 2015 | 5.69 | 2.80 |
| Dec 29, 2014 | 6.06 | 3.42 |
| Dec 20, 2013 | 5.11 | 3.00 |
| Dec 17, 2012 | 3.33 | 2.49 |
| Dec 16, 2011 | 3.01 | 2.60 |
| Dec 15, 2010 | 3.05 | 2.91 |
| Dec 15, 2009 | 2.65 | 3.41 |
Based on: 10-K (reporting date: 2025-11-02), 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).
Comparison to Industry (Information Technology)
Broadcom Inc., P/S, long-term trends, comparison to industry (information technology)
| Broadcom Inc. | Information Technology | |
|---|---|---|
| Dec 18, 2025 | 24.48 | — |
| Dec 20, 2024 | 20.07 | 9.34 |
| Dec 14, 2023 | 14.46 | 7.33 |
| Dec 16, 2022 | 7.00 | 6.01 |
| Dec 17, 2021 | 9.55 | 7.00 |
| Dec 18, 2020 | 7.40 | 6.13 |
| Dec 20, 2019 | 5.62 | 4.62 |
| Dec 21, 2018 | 4.78 | 4.31 |
| Dec 21, 2017 | 6.07 | 4.19 |
| Dec 23, 2016 | 5.48 | 3.47 |
| Dec 17, 2015 | 5.69 | 3.04 |
| Dec 29, 2014 | 6.06 | 3.32 |
| Dec 20, 2013 | 5.11 | 2.86 |
| Dec 17, 2012 | 3.33 | 2.89 |
| Dec 16, 2011 | 3.01 | 2.84 |
| Dec 15, 2010 | 3.05 | 3.03 |
| Dec 15, 2009 | 2.65 | 3.12 |
Based on: 10-K (reporting date: 2025-11-02), 10-K (reporting date: 2024-11-03), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-11-01), 10-K (reporting date: 2019-11-03), 10-K (reporting date: 2018-11-04), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-11-01), 10-K (reporting date: 2014-11-02), 10-K (reporting date: 2013-11-03), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-11-01).