Price to FCFE (P/FCFE)
Free Cash Flow to Equity (FCFE)
Texas Instruments Inc., FCFE calculation
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Price to FCFE Ratio, Current
Texas Instruments Inc., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | 907,550,774 |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in millions) | 3,052) |
| FCFE per share | 3.36 |
| Current share price (P) | 221.44 |
| Valuation Ratio | |
| P/FCFE | 65.85 |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Advanced Micro Devices Inc. | 48.48 |
| Analog Devices Inc. | 29.45 |
| Applied Materials Inc. | 42.69 |
| Broadcom Inc. | 65.49 |
| Intel Corp. | — |
| KLA Corp. | 63.22 |
| Lam Research Corp. | 58.79 |
| Micron Technology Inc. | 300.36 |
| NVIDIA Corp. | 75.59 |
| Qualcomm Inc. | 11.31 |
| P/FCFE, Sector | |
| Semiconductors & Semiconductor Equipment | 98.08 |
| P/FCFE, Industry | |
| Information Technology | 49.96 |
Based on: 10-K (reporting date: 2025-12-31).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
Texas Instruments Inc., historical P/FCFE calculation, comparison to benchmarks
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 907,550,774 | 910,332,971 | 909,287,673 | 906,205,795 | 923,547,062 | |
| Selected Financial Data (US$) | ||||||
| Free cash flow to equity (FCFE) (in millions)2 | 3,052) | 3,878) | 3,849) | 6,917) | 7,239) | |
| FCFE per share3 | 3.36 | 4.26 | 4.23 | 7.63 | 7.84 | |
| Share price1, 4 | 221.44 | 183.03 | 159.20 | 182.29 | 171.42 | |
| Valuation Ratio | ||||||
| P/FCFE5 | 65.85 | 42.96 | 37.61 | 23.88 | 21.87 | |
| Benchmarks | ||||||
| P/FCFE, Competitors6 | ||||||
| Advanced Micro Devices Inc. | 46.56 | 109.67 | 241.70 | 33.46 | 44.72 | |
| Analog Devices Inc. | 23.16 | 29.30 | 22.28 | 24.14 | 34.67 | |
| Applied Materials Inc. | 34.31 | 17.05 | 17.53 | 19.17 | 27.20 | |
| Broadcom Inc. | 64.89 | 26.03 | 30.06 | 14.62 | 22.35 | |
| Intel Corp. | — | — | — | — | 14.25 | |
| KLA Corp. | 40.35 | 25.11 | 26.78 | 9.01 | 28.05 | |
| Lam Research Corp. | 26.31 | 25.89 | 18.67 | 24.95 | 34.58 | |
| Micron Technology Inc. | 142.55 | — | — | 18.66 | 37.24 | |
| NVIDIA Corp. | 53.74 | 65.45 | 151.07 | 54.83 | 35.22 | |
| Qualcomm Inc. | 14.86 | 18.57 | 11.97 | 19.13 | 17.93 | |
| P/FCFE, Sector | ||||||
| Semiconductors & Semiconductor Equipment | — | 45.81 | 47.55 | 29.02 | 24.87 | |
| P/FCFE, Industry | ||||||
| Information Technology | — | 36.63 | 33.18 | 26.93 | 27.31 | |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 Data adjusted for splits and stock dividends.
3 2025 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 3,052,000,000 ÷ 907,550,774 = 3.36
4 Closing price as at the filing date of Texas Instruments Inc. Annual Report.
5 2025 Calculation
P/FCFE = Share price ÷ FCFE per share
= 221.44 ÷ 3.36 = 65.85
6 Click competitor name to see calculations.