Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
Microchip Technology Inc., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-K (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-K (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30).
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Microchip Technology Inc. P/E ratio decreased from Q1 2023 to Q2 2023 but then increased from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Microchip Technology Inc. P/OP ratio decreased from Q1 2023 to Q2 2023 but then increased from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Microchip Technology Inc. P/S ratio decreased from Q1 2023 to Q2 2023 but then increased from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Microchip Technology Inc. P/BV ratio decreased from Q1 2023 to Q2 2023 but then increased from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
Price to Earnings (P/E)
Microchip Technology Inc., historical P/E calculation (quarterly data)
| Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 547,795,897 | 550,008,710 | 552,484,192 | 554,501,300 | 555,990,729 | 554,870,712 | 548,080,342 | 547,062,818 | 538,524,026 | 520,752,316 | 504,903,030 | 490,664,994 | 479,076,152 | 477,955,272 | 476,087,220 | 475,853,016 | 473,937,906 | 473,019,328 | 471,115,656 | 470,073,406 | 468,686,122 | 467,810,774 | 465,456,898 | 458,795,754 | 432,864,330 | 432,032,326 | 430,576,886 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Net income (loss) (in thousands) | 580,300) | 546,200) | 507,200) | 437,900) | 352,800) | 242,000) | 252,800) | 116,000) | 36,200) | 73,600) | 123,600) | 99,900) | 311,100) | 108,900) | 50,700) | 174,700) | 49,200) | 96,300) | 35,700) | 146,743) | (251,086) | 189,156) | 170,587) | 136,908) | 107,175) | 33,919) | (113,363) | ||||||||
| Earnings per share (EPS)2 | 3.78 | 3.35 | 2.79 | 2.32 | 1.73 | 1.17 | 0.87 | 0.64 | 0.62 | 1.17 | 1.27 | 1.16 | 1.35 | 0.80 | 0.78 | 0.75 | 0.69 | 0.06 | 0.26 | 0.54 | 0.52 | 1.29 | 0.96 | 0.36 | 0.00 | 0.00 | 0.00 | ||||||||
| Share price1, 3 | 84.53 | 59.46 | 69.27 | 66.67 | 74.17 | 82.92 | 73.41 | 71.22 | 71.87 | 59.19 | 53.66 | 43.91 | 50.86 | 47.81 | 44.21 | 40.67 | 44.66 | 35.15 | 49.04 | 46.40 | 41.46 | 45.72 | 41.75 | 41.26 | 36.90 | 31.98 | 30.32 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/E ratio4 | 22.35 | 17.73 | 24.85 | 28.76 | 42.80 | 71.11 | 84.07 | 111.51 | 116.12 | 50.68 | 42.10 | 37.76 | 37.75 | 59.59 | 56.75 | 54.38 | 64.54 | 601.17 | 191.71 | 85.40 | 79.13 | 35.42 | 43.32 | 114.98 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 839.13 | — | 332.75 | 96.16 | 41.59 | 50.59 | 47.48 | 45.54 | 37.20 | 34.57 | 35.41 | 41.66 | 104.54 | 146.69 | 129.05 | 169.62 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | 23.57 | 23.96 | 28.93 | 31.21 | 46.35 | 50.61 | 68.72 | 68.31 | 35.88 | 36.19 | 41.93 | 41.43 | 39.23 | 37.97 | 37.64 | 31.04 | 26.42 | 23.89 | 24.87 | 22.17 | — | — | — | — | — | — | — | ||||||||
| Applied Materials Inc. | 18.50 | 17.61 | 14.79 | 13.55 | 13.59 | 14.82 | 17.99 | 22.05 | 22.54 | 28.42 | 27.11 | 22.31 | 18.29 | 17.29 | 21.57 | 20.25 | 15.06 | 10.73 | 9.34 | 9.75 | — | — | — | — | — | — | — | ||||||||
| Broadcom Inc. | 25.96 | 24.11 | 20.92 | 20.70 | 21.10 | 26.03 | 31.86 | 40.73 | 35.19 | 42.12 | 50.39 | 66.38 | 65.22 | 51.79 | 36.94 | 47.09 | 38.49 | 30.48 | 17.68 | 8.14 | — | — | — | — | — | — | — | ||||||||
| First Solar Inc. | 32.11 | 135.77 | 515.10 | — | 149.27 | 55.89 | 36.08 | 17.16 | 27.30 | 16.25 | 15.73 | 21.56 | 44.30 | 78.20 | 107.84 | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Intel Corp. | — | — | — | 14.54 | 9.02 | 7.80 | 7.24 | 9.85 | 9.53 | 11.59 | 12.86 | 11.02 | 9.00 | 9.09 | 11.04 | 13.91 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 15.12 | 15.62 | 13.89 | 16.89 | 15.13 | 18.50 | 19.76 | 25.97 | 26.04 | 33.15 | 23.59 | 25.92 | 24.82 | 23.60 | 23.68 | 18.44 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Lam Research Corp. | 14.05 | 12.60 | 10.51 | 13.77 | 13.97 | 17.91 | 18.12 | 21.03 | 26.30 | 24.88 | 18.97 | 24.23 | 18.13 | 22.89 | 18.89 | 13.64 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Micron Technology Inc. | — | 43.16 | 8.72 | 6.62 | 5.97 | 9.80 | 14.54 | 13.38 | 21.84 | 32.41 | 28.88 | 21.80 | 25.33 | 21.69 | 17.42 | 7.98 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| NVIDIA Corp. | 63.65 | 48.55 | 49.72 | 68.08 | 97.36 | 73.53 | 73.45 | 78.54 | 86.91 | 88.41 | 65.08 | 67.59 | 53.31 | 33.05 | 29.68 | 22.77 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Qualcomm Inc. | 16.75 | 11.92 | 12.87 | 9.75 | 13.40 | 13.56 | 21.24 | 17.15 | 17.46 | 19.20 | 27.40 | 28.06 | 38.25 | 21.95 | 24.49 | 22.03 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Texas Instruments Inc. | 18.13 | 20.79 | 18.08 | 18.88 | 16.05 | 18.27 | 19.01 | 20.38 | 23.61 | 25.25 | 27.20 | 27.95 | 26.95 | 24.04 | 20.66 | 24.47 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-K (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-K (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30).
1 Data adjusted for splits and stock dividends.
2 Q3 2023 Calculation
EPS
= (Net income (loss)Q3 2023
+ Net income (loss)Q2 2023
+ Net income (loss)Q1 2023
+ Net income (loss)Q4 2022)
÷ No. shares of common stock outstanding
= (580,300,000 + 546,200,000 + 507,200,000 + 437,900,000)
÷ 547,795,897 = 3.78
3 Closing price as at the filing date of Microchip Technology Inc. Quarterly or Annual Report.
4 Q3 2023 Calculation
P/E ratio = Share price ÷ EPS
= 84.53 ÷ 3.78 = 22.35
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Microchip Technology Inc. P/E ratio decreased from Q1 2023 to Q2 2023 but then increased from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
Price to Operating Profit (P/OP)
Microchip Technology Inc., historical P/OP calculation (quarterly data)
| Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 547,795,897 | 550,008,710 | 552,484,192 | 554,501,300 | 555,990,729 | 554,870,712 | 548,080,342 | 547,062,818 | 538,524,026 | 520,752,316 | 504,903,030 | 490,664,994 | 479,076,152 | 477,955,272 | 476,087,220 | 475,853,016 | 473,937,906 | 473,019,328 | 471,115,656 | 470,073,406 | 468,686,122 | 467,810,774 | 465,456,898 | 458,795,754 | 432,864,330 | 432,032,326 | 430,576,886 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Operating income (loss) (in thousands) | 811,600) | 755,100) | 701,300) | 549,500) | 515,000) | 416,300) | 368,800) | 308,000) | 245,600) | 226,200) | 218,300) | 160,700) | 131,200) | 183,600) | 171,600) | 284,600) | 194,700) | 102,700) | 132,300) | 244,057) | 245,246) | 225,399) | 221,598) | 154,087) | 118,074) | 62,760) | (59,104) | ||||||||
| Operating profit per share2 | 5.14 | 4.58 | 3.95 | 3.34 | 2.89 | 2.41 | 2.10 | 1.82 | 1.58 | 1.41 | 1.37 | 1.32 | 1.61 | 1.75 | 1.58 | 1.50 | 1.42 | 1.53 | 1.80 | 1.99 | 1.81 | 1.54 | 1.20 | 0.60 | 0.00 | 0.00 | 0.00 | ||||||||
| Share price1, 3 | 84.53 | 59.46 | 69.27 | 66.67 | 74.17 | 82.92 | 73.41 | 71.22 | 71.87 | 59.19 | 53.66 | 43.91 | 50.86 | 47.81 | 44.21 | 40.67 | 44.66 | 35.15 | 49.04 | 46.40 | 41.46 | 45.72 | 41.75 | 41.26 | 36.90 | 31.98 | 30.32 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/OP ratio4 | 16.43 | 12.97 | 17.54 | 19.99 | 25.64 | 34.37 | 35.03 | 39.04 | 45.49 | 41.86 | 39.05 | 33.29 | 31.60 | 27.38 | 27.93 | 27.09 | 31.41 | 22.96 | 27.28 | 23.30 | 22.96 | 29.74 | 34.92 | 68.63 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 782.37 | 100.42 | 36.08 | 43.60 | 40.92 | 39.48 | 49.04 | 47.29 | 55.06 | 75.77 | 80.11 | 101.06 | 81.62 | 91.66 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | 20.61 | 20.41 | 24.53 | 26.16 | 38.46 | 41.74 | 55.30 | 56.12 | 29.71 | 30.29 | 34.90 | 33.76 | 31.72 | 30.10 | 29.85 | 24.74 | 21.27 | 19.35 | 20.36 | 17.62 | — | — | — | — | — | — | — | ||||||||
| Applied Materials Inc. | 15.53 | 14.65 | 12.26 | 11.35 | 11.57 | 12.68 | 15.55 | 18.85 | 19.43 | 23.98 | 22.70 | 18.50 | 14.76 | 13.85 | 17.50 | 16.36 | 12.41 | 9.45 | 8.18 | 6.74 | — | — | — | — | — | — | — | ||||||||
| Broadcom Inc. | 22.57 | 20.66 | 17.32 | 16.33 | 16.17 | 20.04 | 24.51 | 30.78 | 27.21 | 30.43 | 35.86 | 44.04 | 41.08 | 35.53 | 25.99 | 36.85 | 28.49 | 23.44 | 24.21 | 19.42 | — | — | — | — | — | — | — | ||||||||
| First Solar Inc. | 36.80 | 293.92 | 441.71 | — | 73.73 | 33.98 | 28.14 | 13.70 | 26.24 | 14.57 | 14.32 | 27.05 | 69.71 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Intel Corp. | — | — | — | 49.91 | 14.19 | 10.76 | 8.87 | 10.06 | 9.88 | 10.65 | 11.76 | 9.72 | 8.03 | 8.28 | 10.08 | 13.29 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 12.79 | 13.23 | 11.55 | 15.36 | 14.02 | 17.40 | 19.37 | 21.69 | 21.76 | 26.27 | 18.82 | 20.99 | 19.27 | 19.38 | 19.67 | 15.60 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Lam Research Corp. | 11.92 | 10.68 | 8.94 | 11.79 | 12.15 | 15.75 | 15.79 | 18.34 | 23.20 | 21.56 | 15.98 | 20.40 | 15.00 | 19.68 | 16.64 | 12.13 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Micron Technology Inc. | — | 34.54 | 7.86 | 5.93 | 5.31 | 8.90 | 13.31 | 12.48 | 20.11 | 29.00 | 25.85 | 19.51 | 22.93 | 19.03 | 14.79 | 6.83 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| NVIDIA Corp. | 63.84 | 46.92 | 47.25 | 66.12 | 93.15 | 71.25 | 70.98 | 75.08 | 82.82 | 84.54 | 62.35 | 66.40 | 59.78 | 39.73 | 34.07 | 24.79 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Qualcomm Inc. | 14.36 | 9.90 | 10.47 | 7.95 | 11.41 | 11.80 | 19.06 | 15.84 | 15.54 | 17.26 | 23.79 | 23.32 | 29.96 | 11.05 | 13.01 | 12.60 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Texas Instruments Inc. | 16.15 | 18.24 | 15.69 | 16.29 | 13.69 | 15.53 | 16.30 | 17.67 | 20.89 | 22.42 | 25.48 | 26.53 | 25.17 | 22.86 | 18.39 | 21.46 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-K (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-K (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30).
1 Data adjusted for splits and stock dividends.
2 Q3 2023 Calculation
Operating profit per share
= (Operating income (loss)Q3 2023
+ Operating income (loss)Q2 2023
+ Operating income (loss)Q1 2023
+ Operating income (loss)Q4 2022)
÷ No. shares of common stock outstanding
= (811,600,000 + 755,100,000 + 701,300,000 + 549,500,000)
÷ 547,795,897 = 5.14
3 Closing price as at the filing date of Microchip Technology Inc. Quarterly or Annual Report.
4 Q3 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 84.53 ÷ 5.14 = 16.43
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Microchip Technology Inc. P/OP ratio decreased from Q1 2023 to Q2 2023 but then increased from Q2 2023 to Q3 2023 not reaching Q1 2023 level. |
Price to Sales (P/S)
Microchip Technology Inc., historical P/S calculation (quarterly data)
| Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 547,795,897 | 550,008,710 | 552,484,192 | 554,501,300 | 555,990,729 | 554,870,712 | 548,080,342 | 547,062,818 | 538,524,026 | 520,752,316 | 504,903,030 | 490,664,994 | 479,076,152 | 477,955,272 | 476,087,220 | 475,853,016 | 473,937,906 | 473,019,328 | 471,115,656 | 470,073,406 | 468,686,122 | 467,810,774 | 465,456,898 | 458,795,754 | 432,864,330 | 432,032,326 | 430,576,886 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Net sales (in thousands) | 2,169,200) | 2,073,200) | 1,963,600) | 1,844,200) | 1,757,500) | 1,649,800) | 1,569,400) | 1,467,100) | 1,352,100) | 1,309,500) | 1,309,700) | 1,326,400) | 1,287,400) | 1,337,800) | 1,322,600) | 1,329,800) | 1,374,700) | 1,432,500) | 1,212,500) | 1,002,315) | 994,205) | 1,012,139) | 972,141) | 902,666) | 834,366) | 871,364) | 799,411) | ||||||||
| Sales per share2 | 14.70 | 13.89 | 13.06 | 12.30 | 11.59 | 10.88 | 10.40 | 9.94 | 9.84 | 10.05 | 10.42 | 10.75 | 11.02 | 11.22 | 11.47 | 11.24 | 10.60 | 9.81 | 8.96 | 8.47 | 8.28 | 7.95 | 7.69 | 7.43 | 0.00 | 0.00 | 0.00 | ||||||||
| Share price1, 3 | 84.53 | 59.46 | 69.27 | 66.67 | 74.17 | 82.92 | 73.41 | 71.22 | 71.87 | 59.19 | 53.66 | 43.91 | 50.86 | 47.81 | 44.21 | 40.67 | 44.66 | 35.15 | 49.04 | 46.40 | 41.46 | 45.72 | 41.75 | 41.26 | 36.90 | 31.98 | 30.32 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/S ratio4 | 5.75 | 4.28 | 5.30 | 5.42 | 6.40 | 7.62 | 7.06 | 7.16 | 7.31 | 5.89 | 5.15 | 4.08 | 4.62 | 4.26 | 3.86 | 3.62 | 4.21 | 3.58 | 5.47 | 5.48 | 5.01 | 5.75 | 5.43 | 5.55 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 7.89 | 8.08 | 5.70 | 5.38 | 4.14 | 7.34 | 8.54 | 8.76 | 9.94 | 8.90 | 8.94 | 10.63 | 10.63 | 11.68 | 8.67 | 8.59 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | 6.89 | 6.75 | 7.89 | 7.14 | 7.88 | 8.52 | 10.43 | 12.98 | 9.38 | 9.11 | 10.06 | 9.03 | 7.90 | 7.61 | 7.93 | 7.06 | 6.53 | 6.01 | 6.32 | 5.35 | — | — | — | — | — | — | — | ||||||||
| Applied Materials Inc. | 4.49 | 4.29 | 3.63 | 3.43 | 3.59 | 4.03 | 4.88 | 5.63 | 5.53 | 6.35 | 5.74 | 4.69 | 3.58 | 3.27 | 4.06 | 3.75 | 2.92 | 2.37 | 2.19 | 1.87 | — | — | — | — | — | — | — | ||||||||
| Broadcom Inc. | 10.15 | 9.33 | 7.66 | 7.00 | 6.54 | 7.49 | 8.42 | 9.55 | 7.66 | 7.56 | 7.46 | 7.40 | 6.27 | 5.28 | 4.13 | 5.62 | 5.17 | 4.85 | 5.39 | 4.78 | — | — | — | — | — | — | — | ||||||||
| First Solar Inc. | 4.81 | 7.10 | 7.66 | 6.88 | 5.60 | 4.26 | 3.13 | 2.75 | 4.71 | 3.08 | 2.73 | 3.17 | 2.82 | 2.48 | 1.53 | 1.74 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Intel Corp. | 2.83 | 2.85 | 2.30 | 1.85 | 1.73 | 2.03 | 2.29 | 2.48 | 2.56 | 2.77 | 3.08 | 2.96 | 2.53 | 2.73 | 3.31 | 4.07 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 4.99 | 5.28 | 4.62 | 6.09 | 5.51 | 6.77 | 7.22 | 7.80 | 7.49 | 7.46 | 5.13 | 5.43 | 4.53 | 5.09 | 5.46 | 4.74 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Lam Research Corp. | 3.66 | 3.39 | 2.83 | 3.68 | 3.79 | 4.98 | 4.91 | 5.62 | 6.86 | 6.18 | 4.48 | 5.43 | 3.95 | 4.96 | 4.23 | 3.10 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Micron Technology Inc. | 3.88 | 3.02 | 1.99 | 1.87 | 1.83 | 2.84 | 3.62 | 2.83 | 3.54 | 4.41 | 3.93 | 2.73 | 2.83 | 2.54 | 2.96 | 2.15 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| NVIDIA Corp. | 13.27 | 12.64 | 15.92 | 24.67 | 32.92 | 23.77 | 20.32 | 20.41 | 22.50 | 22.93 | 18.34 | 17.31 | 12.83 | 8.90 | 9.10 | 8.05 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Qualcomm Inc. | 3.74 | 3.06 | 3.53 | 2.85 | 4.09 | 3.85 | 5.89 | 4.62 | 4.93 | 5.24 | 6.91 | 6.20 | 5.25 | 3.59 | 4.24 | 3.98 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Texas Instruments Inc. | 7.11 | 8.49 | 7.65 | 8.25 | 7.10 | 8.00 | 8.24 | 8.63 | 9.82 | 10.13 | 10.89 | 10.81 | 9.77 | 8.87 | 7.28 | 8.54 | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-K (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-K (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30).
1 Data adjusted for splits and stock dividends.
2 Q3 2023 Calculation
Sales per share
= (Net salesQ3 2023
+ Net salesQ2 2023
+ Net salesQ1 2023
+ Net salesQ4 2022)
÷ No. shares of common stock outstanding
= (2,169,200,000 + 2,073,200,000 + 1,963,600,000 + 1,844,200,000)
÷ 547,795,897 = 14.70
3 Closing price as at the filing date of Microchip Technology Inc. Quarterly or Annual Report.
4 Q3 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= 84.53 ÷ 14.70 = 5.75
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Microchip Technology Inc. P/S ratio decreased from Q1 2023 to Q2 2023 but then increased from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |
Price to Book Value (P/BV)
Microchip Technology Inc., historical P/BV calculation (quarterly data)
| Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 547,795,897 | 550,008,710 | 552,484,192 | 554,501,300 | 555,990,729 | 554,870,712 | 548,080,342 | 547,062,818 | 538,524,026 | 520,752,316 | 504,903,030 | 490,664,994 | 479,076,152 | 477,955,272 | 476,087,220 | 475,853,016 | 473,937,906 | 473,019,328 | 471,115,656 | 470,073,406 | 468,686,122 | 467,810,774 | 465,456,898 | 458,795,754 | 432,864,330 | 432,032,326 | 430,576,886 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Stockholders’ equity (in thousands) | 6,311,600) | 6,103,100) | 5,977,900) | 5,894,800) | 5,803,300) | 5,702,900) | 5,519,900) | 5,337,100) | 5,297,000) | 5,443,700) | 5,501,300) | 5,585,500) | 5,616,600) | 5,361,300) | 5,288,300) | 5,287,500) | 5,161,100) | 5,170,200) | 5,123,800) | 3,279,800) | 3,185,075) | 3,546,124) | 3,412,554) | 3,270,711) | 2,566,898) | 2,519,512) | 2,532,549) | ||||||||
| Book value per share (BVPS)2 | 11.52 | 11.10 | 10.82 | 10.63 | 10.44 | 10.28 | 10.07 | 9.76 | 9.84 | 10.45 | 10.90 | 11.38 | 11.72 | 11.22 | 11.11 | 11.11 | 10.89 | 10.93 | 10.88 | 6.98 | 6.80 | 7.58 | 7.33 | 7.13 | 5.93 | 5.83 | 5.88 | ||||||||
| Share price1, 3 | 84.53 | 59.46 | 69.27 | 66.67 | 74.17 | 82.92 | 73.41 | 71.22 | 71.87 | 59.19 | 53.66 | 43.91 | 50.86 | 47.81 | 44.21 | 40.67 | 44.66 | 35.15 | 49.04 | 46.40 | 41.46 | 45.72 | 41.75 | 41.26 | 36.90 | 31.98 | 30.32 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/BV ratio4 | 7.34 | 5.36 | 6.40 | 6.27 | 7.11 | 8.07 | 7.29 | 7.30 | 7.31 | 5.66 | 4.92 | 3.86 | 4.34 | 4.26 | 3.98 | 3.66 | 4.10 | 3.22 | 4.51 | 6.65 | 6.10 | 6.03 | 5.69 | 5.79 | 6.22 | 5.48 | 5.15 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | 3.18 | 3.20 | 2.40 | 2.32 | 1.73 | 2.87 | 2.91 | 19.21 | 20.69 | 16.81 | 15.76 | 17.77 | 23.76 | 27.03 | 20.69 | 20.46 | 16.96 | 17.39 | 16.22 | — | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | 2.46 | 2.41 | 2.72 | 2.35 | 2.39 | 2.24 | 2.35 | 2.50 | 4.98 | 4.64 | 4.88 | 4.22 | 3.70 | 3.64 | 3.90 | 3.61 | 3.40 | 3.19 | 3.40 | 3.02 | 3.35 | 3.33 | 3.22 | — | — | — | — | ||||||||
| Applied Materials Inc. | 7.90 | 8.09 | 7.11 | 7.25 | 7.48 | 8.65 | 9.91 | 10.60 | 9.92 | 10.50 | 9.11 | 7.63 | 6.09 | 5.59 | 7.04 | 6.67 | 5.35 | 4.56 | 4.49 | 4.73 | 6.16 | 7.27 | 6.93 | — | — | — | — | ||||||||
| Broadcom Inc. | 16.31 | 14.86 | 11.31 | 10.23 | 9.93 | 10.71 | 10.45 | 10.50 | 8.35 | 8.07 | 7.68 | 7.40 | 6.18 | 5.04 | 3.84 | 5.09 | 5.36 | 4.77 | 4.95 | 3.74 | 3.55 | 3.61 | 4.25 | — | — | — | — | ||||||||
| First Solar Inc. | 2.41 | 3.52 | 3.66 | 3.09 | 2.43 | 1.79 | 1.32 | 1.35 | 2.12 | 1.58 | 1.43 | 1.56 | 1.83 | 1.48 | 0.90 | 1.05 | 1.07 | 1.37 | 1.27 | — | — | — | — | — | — | — | — | ||||||||
| Intel Corp. | 1.47 | 1.53 | 1.32 | 1.15 | 1.20 | 1.47 | 1.73 | 2.05 | 2.23 | 2.52 | 3.00 | 2.84 | 2.65 | 2.62 | 3.29 | 3.78 | 3.31 | 3.05 | 3.19 | — | — | — | — | — | — | — | — | ||||||||
| KLA Corp. | 19.77 | 21.24 | 21.67 | 40.05 | 11.68 | 13.65 | 13.95 | 15.98 | 15.52 | 15.44 | 11.09 | 11.83 | 11.01 | 10.06 | 10.02 | 8.15 | 6.50 | 9.57 | 8.94 | — | — | — | — | — | — | — | — | ||||||||
| Lam Research Corp. | 8.22 | 7.78 | 6.88 | 10.10 | 10.52 | 12.70 | 13.28 | 13.64 | 16.94 | 13.40 | 9.14 | 10.55 | 8.38 | 10.81 | 8.13 | 6.40 | 5.88 | 4.51 | 4.27 | — | — | — | — | — | — | — | — | ||||||||
| Micron Technology Inc. | 1.55 | 1.47 | 1.09 | 1.15 | 1.20 | 1.85 | 2.33 | 1.79 | 2.13 | 2.55 | 2.17 | 1.50 | 1.51 | 1.35 | 1.68 | 1.40 | 1.16 | 1.41 | 1.04 | — | — | — | — | — | — | — | — | ||||||||
| NVIDIA Corp. | 17.76 | 15.75 | 17.87 | 24.95 | 33.57 | 24.61 | 20.84 | 20.14 | 21.69 | 21.53 | 16.49 | 15.49 | 11.46 | 8.77 | 10.07 | 10.09 | 13.03 | 17.81 | 19.10 | — | — | — | — | — | — | — | — | ||||||||
| Qualcomm Inc. | 6.98 | 6.38 | 8.05 | 7.00 | 10.74 | 11.35 | 18.72 | 15.59 | 19.65 | 20.75 | 24.98 | 24.00 | 31.75 | 29.17 | 23.03 | 19.69 | 16.28 | 27.16 | 16.79 | — | — | — | — | — | — | — | — | ||||||||
| Texas Instruments Inc. | 7.74 | 10.03 | 9.79 | 11.33 | 9.88 | 11.12 | 11.14 | 11.87 | 14.22 | 15.22 | 16.52 | 17.02 | 16.11 | 15.88 | 13.29 | 13.79 | 12.28 | 13.75 | 12.98 | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-K (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-K (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30).
1 Data adjusted for splits and stock dividends.
2 Q3 2023 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 6,311,600,000 ÷ 547,795,897 = 11.52
3 Closing price as at the filing date of Microchip Technology Inc. Quarterly or Annual Report.
4 Q3 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= 84.53 ÷ 11.52 = 7.34
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Microchip Technology Inc. P/BV ratio decreased from Q1 2023 to Q2 2023 but then increased from Q2 2023 to Q3 2023 exceeding Q1 2023 level. |