Basis: Latest stored market observation. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/E ratio high or low?
The P/E ratio of 20.54 is 39% below its 5-year average of 33.43, near the low end of its 5-year range (18.21–110.71).
As of Tuesday, September 8, 2026. 30.10% below its 12-month average of 29.39.
PE Ratio (20.54) = Close Price ($231.91) / Diluted TTM EPS ($11.29)
PE RATIO
20.54
PE RATIO AVG TTM
29.39
PE RATIO AVG 3Y
29.66
PE RATIO AVG 5Y
33.43
PE RATIO AVG 10Y
19.95
PE RATIO AVG 15Y
16.70
PE RATIO AVG 20Y
15.37
CURRENT VS TTM AVG
-30.10%
CURRENT VS 3Y AVG
-30.76%
CURRENT VS 5Y AVG
-38.56%
CURRENT VS 10Y AVG
+2.98%
CURRENT VS 15Y AVG
+23.00%
CURRENT VS 20Y AVG
+33.63%
SECTOR MEDIAN · TECHNOLOGY
36.46
median of 151 covered companies
CURRENT VS SECTOR MEDIAN
-43.66%
vs the sector median at left
International Business Machines Corporation
Market Cap
$218.49B
PE Ratio
20.54
TTM Avg
29.39
3Y Avg
29.66
5Y Avg
33.43
Market Cap
$213.59B
PE Ratio
5983.48
TTM Avg
6087.75
3Y Avg
848.53
5Y Avg
848.53
Market Cap
$204.86B
PE Ratio
65.06
TTM Avg
53.74
3Y Avg
41.60
5Y Avg
29.26
Market Cap
$237.81B
PE Ratio
39.35
TTM Avg
39.48
3Y Avg
33.46
5Y Avg
28.21
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| International Business Machines Corporation (IBM) | $218.49B | 20.54 | 29.39 | 29.66 | 33.43 |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $213.59B | 5983.48 | 6087.75 | 848.53 | 848.53 |
| Marvell Technology, Inc. (MRVL)vs › | $208.80B | 74.67 | 52.96 | 52.96 | 52.96 |
| Salesforce, Inc. (CRM)vs › | $204.90B | 22.73 | 27.37 | 53.32 | 174.54 |
| Seagate Technology Holdings plc (STX)vs › | $204.86B | 65.06 | 53.74 | 41.60 | 29.26 |
| Amphenol Corporation (APH)vs › | $201.79B | 40.88 | 44.32 | 39.61 | 34.98 |
| Texas Instruments Incorporated (TXN)vs › | $237.81B | 39.35 | 39.48 | 33.46 | 28.21 |
| KLA Corporation (KLAC)vs › | $240.22B | 51.56 | 46.92 | 36.73 | 29.41 |
| Arista Networks, Inc. (ANET)vs › | $246.22B | 61.50 | 54.37 | 47.25 | 43.99 |
| SAP SE (SAP)vs › | $250.14B | 26.76 | 30.36 | 52.37 | 45.29 |
At 20.5, P/E is above its 20-year median — higher than 73% of readings in its 20-year history.
20-year low
7.8
median
14.0
20-year high
110.7
Trailing P/E
20.5
Forward P/E
18.9
Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$231.91
Forward EPS (Est.)
$12.31
Forward P/E
18.85
Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PE RATIO |
|---|---|
| 2026-09-08 | 20.54 |
| 2026-09-04 | 20.79 |
| 2026-09-03 | 20.77 |
| 2026-09-02 | 20.50 |
| 2026-09-01 | 20.48 |
| 2026-08-31 | 20.70 |
| 2026-08-28 | 20.85 |
| 2026-08-27 | 21.13 |
| 2026-08-26 | 20.34 |
| 2026-08-25 | 20.72 |
| 2026-08-24 | 20.45 |
| 2026-08-21 | 20.86 |
| 2026-08-20 | 20.68 |
| 2026-08-19 | 20.99 |
| 2026-08-18 | 20.59 |
| 2026-08-17 | 20.25 |
| 2026-08-14 | 20.74 |
| 2026-08-13 | 20.99 |
| 2026-08-12 | 20.88 |
| 2026-08-11 | 21.10 |
| 2026-08-10 | 20.91 |
| 2026-08-07 | 21.00 |
| 2026-08-06 | 20.66 |
| 2026-08-05 | 20.88 |
| 2026-08-04 | 20.81 |
| 2026-08-03 | 20.03 |
| 2026-07-31 | 19.79 |
| 2026-07-30 | 19.62 |
| 2026-07-29 | 20.04 |
| 2026-07-28 | 20.14 |
| 2026-07-27 | 19.14 |
| 2026-07-24 | 18.95 |
| 2026-07-23 | 18.29 |
| 2026-07-22 | 18.21 |
| 2026-07-21 | 18.61 |
| 2026-07-20 | 18.83 |
| 2026-07-17 | 18.80 |
| 2026-07-16 | 19.37 |
| 2026-07-15 | 18.67 |
| 2026-07-14 | 19.19 |
| 2026-07-13 | 25.66 |
| 2026-07-10 | 25.43 |
| 2026-07-09 | 26.11 |
| 2026-07-08 | 26.71 |
| 2026-07-07 | 27.07 |
| 2026-07-06 | 26.48 |
| 2026-07-02 | 25.60 |
| 2026-07-01 | 25.31 |
| 2026-06-30 | 24.86 |
| 2026-06-29 | 24.58 |
| 2026-06-26 | 24.02 |
| 2026-06-25 | 22.84 |
| 2026-06-24 | 23.25 |
| 2026-06-23 | 23.43 |
| 2026-06-22 | 22.30 |
| 2026-06-18 | 22.02 |
| 2026-06-17 | 23.20 |
| 2026-06-16 | 23.94 |
| 2026-06-15 | 23.76 |
| 2026-06-12 | 24.07 |
| 2026-06-11 | 24.30 |
| 2026-06-10 | 24.08 |
| 2026-06-09 | 24.53 |
| 2026-06-08 | 24.83 |
| 2026-06-05 | 25.18 |
| 2026-06-04 | 26.68 |
| 2026-06-03 | 27.02 |
| 2026-06-02 | 29.11 |
| 2026-06-01 | 28.33 |
| 2026-05-29 | 26.33 |
| 2026-05-28 | 23.36 |
| 2026-05-27 | 22.56 |
| 2026-05-26 | 22.17 |
| 2026-05-22 | 22.44 |
| 2026-05-21 | 22.37 |
| 2026-05-20 | 19.89 |
| 2026-05-19 | 19.66 |
| 2026-05-18 | 19.69 |
| 2026-05-15 | 19.39 |
| 2026-05-14 | 19.31 |
| 2026-05-13 | 18.98 |
| 2026-05-12 | 19.38 |
| 2026-05-11 | 19.77 |
| 2026-05-08 | 20.31 |
| 2026-05-07 | 20.45 |
| 2026-05-06 | 19.96 |
| 2026-05-05 | 20.25 |
| 2026-05-04 | 20.29 |
| 2026-05-01 | 20.53 |
| 2026-04-30 | 20.42 |
| 2026-04-29 | 20.08 |
| 2026-04-28 | 20.60 |
| 2026-04-27 | 20.16 |
| 2026-04-24 | 20.51 |
| 2026-04-23 | 20.43 |
| 2026-04-22 | 22.59 |
| 2026-04-21 | 22.93 |
| 2026-04-20 | 22.75 |
| 2026-04-17 | 22.73 |
| 2026-04-16 | 22.51 |
| 2026-04-15 | 21.96 |
| 2026-04-14 | 21.55 |
| 2026-04-13 | 21.33 |
| 2026-04-10 | 20.70 |
| 2026-04-09 | 21.27 |
| 2026-04-08 | 21.68 |
| 2026-04-07 | 21.98 |
| 2026-04-06 | 22.13 |
| 2026-04-02 | 22.26 |
| 2026-04-01 | 21.81 |
| 2026-03-31 | 21.74 |
| 2026-03-30 | 21.28 |
| 2026-03-27 | 21.20 |
| 2026-03-26 | 21.67 |
| 2026-03-25 | 21.65 |
| 2026-03-24 | 21.58 |
| 2026-03-23 | 22.28 |
| 2026-03-20 | 21.68 |
| 2026-03-19 | 22.45 |
| 2026-03-18 | 22.57 |
| 2026-03-17 | 22.97 |
| 2026-03-16 | 22.35 |
| 2026-03-13 | 22.09 |
| 2026-03-12 | 22.21 |
| 2026-03-11 | 22.32 |
| 2026-03-10 | 22.44 |
| 2026-03-09 | 22.72 |
| 2026-03-06 | 23.22 |
| 2026-03-05 | 23.01 |
| 2026-03-04 | 22.43 |
| 2026-03-03 | 22.00 |
| 2026-03-02 | 21.47 |
| 2026-02-27 | 21.54 |
| 2026-02-26 | 21.70 |
| 2026-02-25 | 21.30 |
| 2026-02-24 | 20.57 |
| 2026-02-23 | 26.72 |
| 2026-02-20 | 30.76 |
| 2026-02-19 | 30.66 |
| 2026-02-18 | 31.19 |
| 2026-02-17 | 30.90 |
| 2026-02-13 | 31.39 |
| 2026-02-12 | 31.04 |
| 2026-02-11 | 32.63 |
| 2026-02-10 | 34.90 |
| 2026-02-09 | 35.45 |
| 2026-02-06 | 35.76 |
| 2026-02-05 | 34.68 |
| 2026-02-04 | 34.58 |
| 2026-02-03 | 35.20 |
| 2026-02-02 | 37.65 |
| 2026-01-30 | 36.69 |
| 2026-01-29 | 36.99 |
| 2026-01-28 | 35.19 |
| 2026-01-27 | 35.15 |
| 2026-01-26 | 35.45 |
| 2026-01-23 | 34.98 |
| 2026-01-22 | 35.25 |
| 2026-01-21 | 35.59 |
| 2026-01-20 | 34.85 |
| 2026-01-16 | 36.56 |
| 2026-01-15 | 35.64 |
| 2026-01-14 | 36.97 |
| 2026-01-13 | 36.26 |
| 2026-01-12 | 37.34 |
| 2026-01-09 | 36.39 |
| 2026-01-08 | 36.21 |
| 2026-01-07 | 35.49 |
| 2026-01-06 | 36.18 |
| 2026-01-05 | 35.28 |
| 2026-01-02 | 34.87 |
| 2025-12-31 | 35.43 |
| 2025-12-30 | 36.13 |
| 2025-12-29 | 36.57 |
| 2025-12-26 | 36.49 |
| 2025-12-24 | 36.43 |
| 2025-12-23 | 36.34 |
| 2025-12-22 | 36.22 |
| 2025-12-19 | 36.00 |
| 2025-12-18 | 35.94 |
| 2025-12-17 | 36.28 |
| 2025-12-16 | 36.27 |
| 2025-12-15 | 36.92 |
| 2025-12-12 | 36.99 |
| 2025-12-11 | 37.17 |
| 2025-12-10 | 37.40 |
| 2025-12-09 | 37.14 |
| 2025-12-08 | 36.98 |
| 2025-12-05 | 36.83 |
| 2025-12-04 | 36.84 |
| 2025-12-03 | 36.20 |
| 2025-12-02 | 36.10 |
| 2025-12-01 | 36.56 |
| 2025-11-28 | 36.91 |
| 2025-11-26 | 36.27 |
| 2025-11-25 | 36.42 |
| 2025-11-24 | 36.38 |
| 2025-11-21 | 35.58 |
| 2025-11-20 | 34.74 |
| 2025-11-19 | 34.51 |
| 2025-11-18 | 34.68 |
| 2025-11-17 | 35.55 |
| 2025-11-14 | 36.57 |
| 2025-11-13 | 36.47 |
| 2025-11-12 | 37.68 |
| 2025-11-11 | 37.53 |
| 2025-11-10 | 36.98 |
| 2025-11-07 | 36.65 |
| 2025-11-06 | 37.37 |
| 2025-11-05 | 36.69 |
| 2025-11-04 | 35.99 |
| 2025-11-03 | 36.45 |
| 2025-10-31 | 36.77 |
| 2025-10-30 | 37.09 |
| 2025-10-29 | 36.87 |
| 2025-10-28 | 37.39 |
| 2025-10-27 | 37.45 |
| 2025-10-24 | 36.78 |
| 2025-10-23 | 34.09 |
| 2025-10-22 | 46.67 |
| 2025-10-21 | 45.79 |
| 2025-10-20 | 46.05 |
| 2025-10-17 | 45.66 |
| 2025-10-16 | 44.80 |
| 2025-10-15 | 45.58 |
| 2025-10-14 | 44.83 |
| 2025-10-13 | 45.00 |
| 2025-10-10 | 45.10 |
| 2025-10-09 | 46.79 |
| 2025-10-08 | 46.99 |
| 2025-10-07 | 47.71 |
| 2025-10-06 | 46.98 |
| 2025-10-03 | 46.81 |
| 2025-10-02 | 46.55 |
| 2025-10-01 | 46.51 |
| 2025-09-30 | 45.81 |
| 2025-09-29 | 45.42 |
| 2025-09-26 | 46.15 |
| 2025-09-25 | 45.69 |
| 2025-09-24 | 43.43 |
| 2025-09-23 | 44.19 |
| 2025-09-22 | 44.05 |
| 2025-09-19 | 43.25 |
| 2025-09-18 | 43.02 |
| 2025-09-17 | 42.06 |
| 2025-09-16 | 41.81 |
| 2025-09-15 | 41.60 |
| 2025-09-12 | 41.14 |
| 2025-09-11 | 41.72 |
| 2025-09-10 | 41.70 |
| 2025-09-09 | 42.06 |
| 2025-09-08 | 41.57 |
| 2025-09-05 | 40.35 |
| 2025-09-04 | 40.13 |
| 2025-09-03 | 39.63 |
| 2025-09-02 | 39.20 |
| 2025-08-29 | 39.53 |
| 2025-08-28 | 39.89 |
| 2025-08-27 | 39.75 |
| 2025-08-26 | 39.39 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.
