Start with its own history
At 60.30×, SMTC is 1.5% above its 7-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · SMTCSemiconductorsUpdated Nov 5, 2026
Semtech Corporation P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
60.30×
1.5% abovethe 7-observation annual average
Share price110.96
÷Earnings per share1.84
Price and EPS in quote currency. Calculation details
Investors are paying 60.30 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 59.41×
3-year averageN/M0 positive annual observations
5-year average35.34×2 positive annual observations
10-year average59.41×7 positive annual observations
Peer median · TTM69.25×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Jan 25, 2026 | N/M | N/M |
| Jan 26, 2025 | N/M | N/M |
| Jan 28, 2024 | N/M | N/M |
| Jan 29, 2023 | 34.02× | -7.2% |
| Jan 30, 2022 | 36.65× | -54.7% |
| Jan 31, 2021 | 80.87× | -22.9% |
| Jan 26, 2020 | 104.92× | +111.8% |
| Jan 27, 2019 | 49.53× | -29.7% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Jan 28, 2018 | 70.48× | +78.9% |
| Jan 29, 2017 | 39.40× | -65.6% |
| Jan 31, 2016 | 114.67× | +75.9% |
| Jan 25, 2015 | 65.19× | N/M |
| Jan 26, 2014 | N/M | N/M |
| Jan 27, 2013 | 47.00× | +124.1% |
| Jan 29, 2012 | 20.97× | +11.4% |
| Jan 30, 2011 | 18.82× | -97.6% |
| Jan 31, 2010 | 778.00× | +3939.0% |
| Jan 31, 2009 | 19.26× | +8.6% |
| Jan 31, 2008 | 17.74× | -44.3% |
| Jan 31, 2007 | 31.86× | -5.8% |
| Jan 31, 2006 | 33.82× | +36.2% |
| Jan 31, 2005 | 24.84× | -56.2% |
| Jan 31, 2004 | 56.66× | +99.9% |
| Jan 31, 2003 | 28.34× | -69.7% |
| Jan 31, 2002 | 93.54× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How SMTC compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 SMTC This stockSemtech Corporation | 60.30× |
 MTSIMACOM Technology Solutions Holdings, Inc. | 72.85× |
 ADIAnalog Devices, Inc. | 47.96× |
 TXNTexas Instruments Incorporated | 40.30× |
 MXLMaxLinear, Inc. | N/M |
 CRDOCredo Technology Group Holding Ltd | 46.27× |
 SWKSSkyworks Solutions, Inc. | 72.10× |
 QRVOQorvo, Inc. | 72.10× |
 MPWRMonolithic Power Systems, Inc. | 69.25× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does SMTC’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 69.25×. 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 SMTC 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("SMTC", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 110.96 ÷ EPS 1.84 = 60.30×. 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.
SMTC P/E ratio: common questions
The essentials behind the numbers.
Semtech Corporation's current P/E is 60.30× 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.