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Texas Instruments Incorporated

TXN Technology Semiconductors

Texas Instruments Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $17.7 billion, up 13.0% from fiscal 2024.

Revenue
+27.7%
EPS
+76.7%
Free cash flow
+197.4%
Total debt
−3.50%

Quarter to September 2026, against a year earlier

275.98 2.17 −0.78%
Market cap
$254.2B
P/E
36.2×
Fwd P/E
33.2×
Dividend yield
2.05%
F-score
7/9
Altman Z
8.74
Beneish M
−2.67
Dividend safety
43/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Texas Instruments Incorporated (TXN) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Texas Instruments Incorporated (TXN) trades at a P/B ratio of 13.4×. Over the past ten years it has ranged from 4.4× (August 2015) to 18.9× (March 2021); the current reading is higher than 80% of that period. That is above the Semiconductors industry median of 3.9× and above the Technology sector median of 2.5×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 9.7× (4.21%)
FY2024 10.1× 11.23%
FY2023 9.1× (11.31%)
FY2022 10.3× (21.39%)
FY2021 13.0× (20.71%)
FY2020 16.5× 22.05%
FY2019 13.5× 32.28%
FY2018 10.2× 0.70%
FY2017 10.1× 43.62%
FY2016 7.0× 24.15%

Quarterly newest first

Period P/B ratio Change
Sep 2026 13.3× (11.61%)
Jun 2026 15.1× 43.53%
Mar 2026 10.5× 8.53%
Dec 2025 9.7× (3.52%)
43 more quarters

Against its own ten years

Low 4.4× High 18.9×
Ten-year median 10.4×
Current reading's percentile 78

P/B ratio against peers

Company P/B ratio
INTC Intel Corporation compare 2.7×
ADI Analog Devices, Inc. compare 5.3×
MU Micron Technology, Inc. compare 5.5×
QCOM QUALCOMM Incorporated compare 5.6×
ASX ASE Technology Holding Co., Ltd. compare 5.8×
MRVL Marvell Technology, Inc. compare 6.6×
AMD Advanced Micro Devices, Inc. compare 9.9×
TXN Texas Instruments Incorporated 13.4×
ARM ARM Holdings PLC Sponsored ADR compare 21.0×
Semiconductors industry median 3.9×
Technology sector median 2.5×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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