Start with its own history
At 36.53×, KLAC is 27.3% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · KLACSemiconductorsUpdated Nov 5, 2026
KLA Corporation P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
36.53×
27.3% abovethe 10-year annual average
Share price149.79
÷Earnings per share4.1
Price and EPS in quote currency. Calculation details
Investors are paying 36.53 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 28.70×
3-year average50.63×3 positive annual observations
5-year average37.26×5 positive annual observations
10-year average28.70×10 positive annual observations
Peer median · TTM35.50×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Jun 30, 2026 | 81.99× | +179.5% |
| Jun 30, 2025 | 29.34× | -27.7% |
| Jun 30, 2024 | 40.56× | +103.0% |
| Jun 30, 2023 | 19.98× | +38.2% |
| Jun 30, 2022 | 14.46× | -39.8% |
| Jun 30, 2021 | 24.03× | -4.1% |
| Jun 30, 2020 | 25.06× | +55.1% |
| Jun 30, 2019 | 16.16× | -19.1% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Jun 30, 2018 | 19.98× | +29.3% |
| Jun 30, 2017 | 15.46× | -4.7% |
| Jun 30, 2016 | 16.22× | -34.8% |
| Jun 30, 2015 | 24.87× | +20.2% |
| Jun 30, 2014 | 20.68× | +22.3% |
| Jun 30, 2013 | 16.91× | +55.4% |
| Jun 30, 2012 | 10.88× | +27.6% |
| Jun 30, 2011 | 8.53× | -62.1% |
| Jun 30, 2010 | 22.50× | N/M |
| Jun 30, 2009 | N/M | N/M |
| Jun 30, 2008 | 20.45× | -0.3% |
| Jun 30, 2007 | 20.52× | -5.3% |
| Jun 30, 2006 | 21.67× | +12.5% |
| Jun 30, 2005 | 19.25× | -57.5% |
| Jun 30, 2004 | 45.32× | -51.3% |
| Jun 30, 2003 | 93.00× | +159.0% |
| Jun 30, 2002 | 35.91× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How KLAC compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 KLAC This stockKLA Corporation | 36.53× |
 LRCXLam Research Corporation | 32.80× |
 ASMLASML Holding N.V. | 38.20× |
 AMATApplied Materials, Inc. | 31.65× |
 ONTOOnto Innovation Inc. | 68.96× |
 CAMTCamtek Ltd. | 126.82× |
 VECOVeeco Instruments Inc. | 85.09× |
 TELWYTokyo Electron Limited | 7.54× |
 ACLSAxcelis Technologies, Inc. | 30.71× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does KLAC’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 35.50×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take KLAC into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("KLAC", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 149.79 ÷ EPS 4.1 = 36.53×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
KLAC P/E ratio: common questions
The essentials behind the numbers.
KLA Corporation's current P/E is 36.53× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.