TXN P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
TXN's p/e ratio is higher than 95% of the last 10 years.
P/E ratio History
TXN P/E ratio by year
Yearly range of TXN’s p/e ratio from 2016 to 2026. Over the full period it ranged from 15.5 to 56.8, averaging 26.1.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 32.6 | 42.3 | 56.8 | 39.8 |
| 2025 | 27.6 | 34.2 | 40.5 | 31.9 |
| 2024 | 22.2 | 31.2 | 40.9 | 36.1 |
| 2023 | 17.3 | 19.7 | 22.4 | 22.1 |
| 2022 | 15.5 | 19.1 | 23.1 | 17.3 |
| 2021 | 22.8 | 27.1 | 31.5 | 22.8 |
| 2020 | 17.9 | 25.1 | 31.5 | 27.5 |
| 2019 | 15.9 | 21.1 | 24.5 | 24.5 |
| 2018 | 16.9 | 25.8 | 33.3 | 16.9 |
| 2017 | 19.1 | 21.7 | 24.5 | 24.4 |
| 2016 | 20.7 | 22.0 | 23.0 | 22.4 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is TXN P/E ratio High or Low Right Now?
Texas Instruments Incorporated's P/E ratio is currently 39.8, which is near historic high relative to its 10-year historical range. The 10-year median P/E ratio for TXN is approximately 23.9. See all TXN valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.