KLA Corporation Common Stock (KLAC) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines insp...
KLA Corporation Common Stock (KLAC) currently trades at a P/E ratio of 46.36 (historical range: 11.44–85.26, median: 28.74), placing it at the 89th percentile — expensive relative to its history, P/S ratio of 16.53 (range: 3.81–30.41, 89th percentile — expensive relative to its history), EV/EBITDA of 40.44 (range: 11.08–74.18, 89th percentile).
Over the historical period (2021-09-14 to 2026-10-16), KLA Corporation Common Stock's P/E ratio has expanded by 100% over the observed period (from an average of 19.8 to 39.5).
KLA Corporation Common Stock trades well above its own historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 46.36 | 28.74 | 89th | expensive relative to its history |
| P/S Ratio | 16.53 | 8.55 | 89th | expensive relative to its history |
| EV/EBITDA | 40.44 | 26.00 | 89th | expensive relative to its history |
| FCF Yield | 1.85% | 3.62% | 10th | expensive relative to its history |
KLA Corporation Common Stock (KLAC) Valuation & P/E History
KLA Corporation Common Stock (KLAC) is a US-listed stock operating in the Technology sector, specifically the Optical Instruments & Lenses industry currently trading at $165.74 with a market capitalization of $216.3 billion. This page provides historical valuation analysis for KLAC based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 46.36 is above the historical median of 28.74, placing KLAC at the 89th percentile of its valuation range. The P/S ratio of 16.53 compares to a median of 8.55.
KLAC Valuation Metrics & Historical Range
The valuation table above shows KLA Corporation Common Stock's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether KLAC is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests KLAC is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for KLA Corporation Common Stock.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is KLAC Overvalued or Undervalued?
KLA Corporation Common Stock trades well above its own historical valuation range across most metrics. The overall valuation percentile of 89 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive KLAC is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full KLAC analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.KLAC trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.