Price to Book Value (P/BV)
since 2005
Calculation
Intel Corp., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total Intel stockholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 31, 2025 | 0.85 | = | 19.43 | ÷ | 22.93 | 22.93 | = | 99,270 | ÷ | 4,330,000,000 | |
| Jan 26, 2024 | 1.75 | = | 43.65 | ÷ | 24.97 | 24.97 | = | 105,590 | ÷ | 4,228,000,000 | |
| Jan 27, 2023 | 1.15 | = | 28.16 | ÷ | 24.52 | 24.52 | = | 101,423 | ÷ | 4,137,000,000 | |
| Jan 27, 2022 | 2.21 | = | 51.69 | ÷ | 23.43 | 23.43 | = | 95,391 | ÷ | 4,072,000,000 | |
| Jan 22, 2021 | 2.84 | = | 56.66 | ÷ | 19.95 | 19.95 | = | 81,038 | ÷ | 4,063,000,000 | |
| Jan 24, 2020 | 3.78 | = | 68.47 | ÷ | 18.12 | 18.12 | = | 77,504 | ÷ | 4,277,000,000 | |
| Feb 1, 2019 | 2.94 | = | 48.73 | ÷ | 16.58 | 16.58 | = | 74,563 | ÷ | 4,497,000,000 | |
| Feb 16, 2018 | 3.08 | = | 45.56 | ÷ | 14.79 | 14.79 | = | 69,019 | ÷ | 4,668,000,000 | |
| Feb 17, 2017 | 2.60 | = | 36.48 | ÷ | 14.01 | 14.01 | = | 66,226 | ÷ | 4,728,000,000 | |
| Feb 12, 2016 | 2.21 | = | 28.64 | ÷ | 12.93 | 12.93 | = | 61,085 | ÷ | 4,724,000,000 | |
| Feb 13, 2015 | 2.91 | = | 34.36 | ÷ | 11.80 | 11.80 | = | 55,865 | ÷ | 4,736,000,000 | |
| Feb 14, 2014 | 2.11 | = | 24.76 | ÷ | 11.72 | 11.72 | = | 58,256 | ÷ | 4,972,000,000 | |
| Feb 19, 2013 | 2.04 | = | 21.09 | ÷ | 10.35 | 10.35 | = | 51,203 | ÷ | 4,946,000,000 | |
| Feb 23, 2012 | 2.90 | = | 26.66 | ÷ | 9.19 | 9.19 | = | 45,911 | ÷ | 4,996,000,000 | |
| Feb 18, 2011 | 2.46 | = | 22.14 | ÷ | 9.01 | 9.01 | = | 49,430 | ÷ | 5,488,000,000 | |
| Feb 22, 2010 | 2.76 | = | 20.87 | ÷ | 7.55 | 7.55 | = | 41,704 | ÷ | 5,524,000,000 | |
| Feb 23, 2009 | 1.72 | = | 12.08 | ÷ | 7.03 | 7.03 | = | 39,088 | ÷ | 5,562,000,000 | |
| Feb 20, 2008 | 2.76 | = | 20.38 | ÷ | 7.39 | 7.39 | = | 42,762 | ÷ | 5,788,000,000 | |
| Feb 26, 2007 | 3.27 | = | 20.85 | ÷ | 6.37 | 6.37 | = | 36,752 | ÷ | 5,767,000,000 | |
| Feb 27, 2006 | 3.34 | = | 20.52 | ÷ | 6.15 | 6.15 | = | 36,182 | ÷ | 5,883,000,000 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Intel Corp. Annual Report.
- Share Price Trends
- The share price exhibited considerable volatility over the analyzed period. It began at approximately $20.52 in early 2006, showing slight fluctuations around this level through 2008. A notable decline occurred in 2009, dropping to $12.08, followed by a recovery and a gradual increase, peaking at $68.47 in early 2020. Post this peak, the price declined steadily to $19.43 by early 2025, with intermediate fluctuations.
- Book Value Per Share (BVPS) Development
- BVPS demonstrated a consistent upward trend throughout the period. Starting at $6.15 in 2006, it increased steadily every year, reaching a maximum of $24.97 around early 2024. However, a slight decline to $22.93 was observed in the last year of the series. The persistent growth in BVPS indicates an increase in the company's net asset value per share over time.
- Price-to-Book Value (P/BV) Ratio Analysis
- The P/BV ratio fluctuated significantly across the years. Initially, it was relatively high at 3.34 in 2006 and then decreased to its lowest point of 1.15 in early 2023. The ratio showed peaks in certain years, such as 3.78 in early 2020, indicating periods when the share price greatly exceeded the book value. The declining trend towards the end suggests growing market caution or lower market valuation relative to the company's net assets.
- Overall Insights
- The data reveals a steady intrinsic growth in company value as reflected in BVPS, while market valuation as indicated by share price and P/BV ratio experienced significant fluctuations. Market sentiment or external conditions likely influenced share price volatility, particularly the sharp rise before 2020 and the subsequent decline. The declining P/BV ratio toward the end signals a shift in market perception relative to company book value, potentially reflecting risk adjustment or changing growth expectations.
Comparison to Competitors
Intel Corp., P/BV, long-term trends, comparison to competitors
| Intel Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 31, 2025 | 0.85 | 3.15 | 3.09 | 7.25 | 15.29 | 28.07 | 12.13 | 2.51 | 39.25 | 7.31 | 9.86 |
| Jan 26, 2024 | 1.75 | 4.85 | 2.53 | 8.23 | 21.59 | 23.25 | 10.58 | 1.74 | 26.03 | 5.72 | 8.57 |
| Jan 27, 2023 | 1.15 | 2.32 | 2.35 | 7.25 | 10.23 | 40.05 | 10.10 | 1.15 | 24.95 | 7.00 | 11.33 |
| Jan 27, 2022 | 2.21 | 19.21 | 2.50 | 10.60 | 10.50 | 15.98 | 13.64 | 1.79 | 20.14 | 15.59 | 11.87 |
| Jan 22, 2021 | 2.84 | 17.77 | 4.22 | 7.63 | 7.40 | 11.83 | 10.55 | 1.50 | 15.49 | 24.00 | 17.02 |
| Jan 24, 2020 | 3.78 | 20.46 | 3.61 | 6.67 | 5.09 | 8.15 | 6.40 | 1.40 | 10.09 | 19.69 | 13.79 |
| Feb 1, 2019 | 2.94 | 18.30 | 3.02 | 4.73 | 3.74 | 11.39 | 4.28 | 1.49 | 19.60 | 82.57 | 11.20 |
| Feb 16, 2018 | 3.08 | 19.87 | 3.22 | 5.94 | 5.28 | 10.50 | 3.82 | 2.51 | 10.51 | 2.56 | 9.89 |
| Feb 17, 2017 | 2.60 | 31.66 | 4.35 | 4.93 | 3.84 | 17.57 | 2.45 | 1.48 | 3.98 | 3.12 | 7.36 |
| Feb 12, 2016 | 2.21 | — | 3.72 | 2.87 | 8.24 | 19.57 | 2.23 | 1.47 | 2.84 | 2.88 | 5.30 |
| Feb 13, 2015 | 2.91 | 12.72 | 3.64 | 3.80 | 7.98 | 3.26 | 2.29 | 3.22 | 2.19 | 3.28 | 5.94 |
| Feb 14, 2014 | 2.11 | 4.94 | 3.28 | 2.82 | 4.46 | 2.78 | 1.69 | 1.92 | 1.63 | 3.26 | 4.46 |
| Feb 19, 2013 | 2.04 | 3.45 | 2.90 | 1.79 | 3.25 | 2.61 | 1.24 | 0.72 | 2.20 | 2.95 | 3.45 |
| Feb 23, 2012 | 2.90 | 3.28 | 2.62 | 1.65 | 3.51 | 2.11 | 1.80 | 0.64 | 3.27 | 3.25 | 3.48 |
| Feb 18, 2011 | 2.46 | 6.21 | 3.36 | 2.35 | 4.24 | 2.41 | 2.63 | 0.96 | 3.74 | 3.54 | 4.00 |
| Feb 22, 2010 | 2.76 | 8.23 | 3.43 | 2.53 | 3.78 | 2.44 | 2.67 | 1.25 | 2.27 | 3.61 | 3.10 |
| Feb 23, 2009 | 1.72 | — | 2.04 | 1.84 | — | 2.19 | 2.69 | 0.42 | 4.24 | 3.05 | 2.09 |
| Feb 20, 2008 | 2.76 | 1.44 | 3.99 | 3.14 | — | 3.27 | 4.05 | 0.96 | 5.06 | 4.11 | 4.14 |
| Feb 26, 2007 | 3.27 | 1.42 | 3.36 | 3.81 | — | 2.75 | 4.19 | 1.30 | 5.75 | 4.48 | 3.93 |
| Feb 27, 2006 | 3.34 | 5.83 | 3.75 | 3.42 | — | 3.19 | 3.75 | 1.47 | 3.63 | 5.97 | 4.00 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Intel Corp., P/BV, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Intel Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jan 31, 2025 | 0.85 | 9.25 |
| Jan 26, 2024 | 1.75 | 6.44 |
| Jan 27, 2023 | 1.15 | 5.18 |
| Jan 27, 2022 | 2.21 | 6.30 |
| Jan 22, 2021 | 2.84 | 6.15 |
| Jan 24, 2020 | 3.78 | 5.17 |
| Feb 1, 2019 | 2.94 | 4.63 |
| Feb 16, 2018 | 3.08 | 4.09 |
| Feb 17, 2017 | 2.60 | 3.40 |
| Feb 12, 2016 | 2.21 | 2.89 |
| Feb 13, 2015 | 2.91 | 3.41 |
| Feb 14, 2014 | 2.11 | 2.69 |
| Feb 19, 2013 | 2.04 | 2.34 |
| Feb 23, 2012 | 2.90 | 2.75 |
| Feb 18, 2011 | 2.46 | 2.82 |
| Feb 22, 2010 | 2.76 | 2.93 |
| Feb 23, 2009 | 1.72 | 2.08 |
| Feb 20, 2008 | 2.76 | 3.08 |
| Feb 26, 2007 | 3.27 | 3.31 |
| Feb 27, 2006 | 3.34 | 3.77 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Intel Corp., P/BV, long-term trends, comparison to industry (information technology)
| Intel Corp. | Information Technology | |
|---|---|---|
| Jan 31, 2025 | 0.85 | 13.25 |
| Jan 26, 2024 | 1.75 | 11.50 |
| Jan 27, 2023 | 1.15 | 10.49 |
| Jan 27, 2022 | 2.21 | 12.53 |
| Jan 22, 2021 | 2.84 | 11.10 |
| Jan 24, 2020 | 3.78 | 8.52 |
| Feb 1, 2019 | 2.94 | 7.05 |
| Feb 16, 2018 | 3.08 | 5.49 |
| Feb 17, 2017 | 2.60 | 4.55 |
| Feb 12, 2016 | 2.21 | 4.33 |
| Feb 13, 2015 | 2.91 | 4.38 |
| Feb 14, 2014 | 2.11 | 3.52 |
| Feb 19, 2013 | 2.04 | 3.77 |
| Feb 23, 2012 | 2.90 | 4.01 |
| Feb 18, 2011 | 2.46 | 4.18 |
| Feb 22, 2010 | 2.76 | 4.34 |
| Feb 23, 2009 | 1.72 | 4.02 |
| Feb 20, 2008 | 2.76 | 8.70 |
| Feb 26, 2007 | 3.27 | 7.25 |
| Feb 27, 2006 | 3.34 | 7.43 |
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).