TXN P/B: current value, 10-year range and year-by-year history
Cash & Leverage
TXN's p/b is higher than 65% of the last 10 years.
P/B History
TXN P/B by year
Yearly range of TXN’s p/b from 2016 to 2026. Over the full period it ranged from 6.7 to 19.1, averaging 11.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 9.9 | 13.5 | 18.1 | 13.0 |
| 2025 | 8.1 | 10.1 | 12.3 | 9.7 |
| 2024 | 8.5 | 10.1 | 11.7 | 10.2 |
| 2023 | 7.7 | 9.9 | 11.6 | 9.4 |
| 2022 | 9.4 | 11.3 | 13.4 | 10.5 |
| 2021 | 13.2 | 16.4 | 19.1 | 13.2 |
| 2020 | 10.0 | 15.2 | 18.6 | 16.7 |
| 2019 | 9.6 | 12.7 | 14.6 | 13.7 |
| 2018 | 8.3 | 10.1 | 11.7 | 10.2 |
| 2017 | 7.1 | 8.0 | 9.6 | 9.6 |
| 2016 | 6.7 | 7.0 | 7.4 | 7.2 |
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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.
Price / Book Value Per ShareMost useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.
- Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
- Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
Is TXN P/B High or Low Right Now?
Texas Instruments Incorporated's P/B is currently 13.0, which is above average relative to its 10-year historical range. The 10-year median P/B for TXN is approximately 10.8. See all TXN valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.