Latest Ratios: P/E Ratio -1874.2x · EV/EBITDA 50.2x · ROE -0.2%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $554.3B | $175.8B | $86.9B | $211.7B | $109.0B | $209.9B | $199.2B | $267.7B | $220.6B | $223.2B | $176.8B |
| Enterprise Value | $586.6B | $208.1B | $128.6B | $253.9B | $139.9B | $243.1B | $229.7B | $292.5B | $244.0B | $246.6B | $196.5B |
| P/E Ratio → | -1874.19 | — | — | 125.63 | 13.62 | 10.56 | 9.53 | 12.71 | 10.48 | 23.20 | 17.11 |
| P/S Ratio | 10.49 | 3.33 | 1.64 | 3.90 | 1.73 | 2.66 | 2.56 | 3.72 | 3.11 | 3.56 | 2.98 |
| P/B Ratio | 4.24 | 1.39 | 0.83 | 1.92 | 1.06 | 2.20 | 2.46 | 3.45 | 2.96 | 3.23 | 2.67 |
| P/FCF | — | — | — | — | — | 22.99 | 9.52 | 15.81 | 15.48 | 21.60 | 14.51 |
| P/OCF | 57.16 | 18.13 | 10.48 | 18.45 | 7.06 | 7.12 | 5.63 | 8.08 | 7.50 | 10.09 | 8.11 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.94 | 2.42 | 4.68 | 2.22 | 3.08 | 2.95 | 4.06 | 3.44 | 3.93 | 3.31 |
| EV / EBITDA | 50.21 | 17.81 | — | 26.18 | 9.10 | 7.78 | 6.40 | 8.90 | 7.53 | 9.42 | 9.39 |
| EV / EBIT | — | 78.59 | — | 154.79 | 16.93 | 11.01 | 9.62 | 13.04 | 10.50 | 11.74 | 14.38 |
| EV / FCF | — | — | — | — | — | 26.64 | 10.98 | 17.28 | 17.12 | 23.86 | 16.13 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.8% | 34.8% | 32.7% | 40.0% | 42.6% | 55.4% | 56.0% | 58.6% | 61.7% | 62.3% | 60.9% |
| Operating Margin | -0.0% | -0.0% | -22.0% | 0.2% | 3.7% | 24.6% | 30.4% | 30.6% | 32.9% | 28.8% | 22.1% |
| Net Profit Margin | -0.5% | -0.5% | -35.3% | 3.1% | 12.7% | 25.1% | 26.8% | 29.2% | 29.7% | 15.3% | 17.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.2% | -0.2% | -17.4% | 1.6% | 8.1% | 22.5% | 26.4% | 27.7% | 29.3% | 14.2% | 16.2% |
| ROA | -0.1% | -0.1% | -9.7% | 0.9% | 4.6% | 12.4% | 14.4% | 15.9% | 16.8% | 8.1% | 9.5% |
| ROIC | -0.0% | -0.0% | -5.9% | 0.0% | 1.3% | 12.1% | 16.6% | 16.5% | 18.4% | 15.2% | 12.8% |
| ROCE | -0.0% | -0.0% | -7.2% | 0.1% | 1.6% | 14.5% | 19.5% | 19.5% | 21.5% | 18.2% | 14.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.37 | 0.48 | 0.45 | 0.41 | 0.40 | 0.45 | 0.37 | 0.35 | 0.39 | 0.38 |
| Debt / EBITDA | 3.99 | 3.99 | — | 5.08 | 2.74 | 1.22 | 1.01 | 0.88 | 0.81 | 1.02 | 1.21 |
| Net Debt / Equity | — | 0.26 | 0.40 | 0.38 | 0.30 | 0.35 | 0.38 | 0.32 | 0.31 | 0.34 | 0.30 |
| Net Debt / EBITDA | 2.77 | 2.77 | — | 4.35 | 2.01 | 1.06 | 0.85 | 0.75 | 0.72 | 0.89 | 0.94 |
| Debt / FCF | — | — | — | — | — | 3.65 | 1.46 | 1.47 | 1.64 | 2.26 | 1.62 |
| Interest Coverage | 2.43 | 2.43 | -12.35 | 1.87 | 16.66 | 36.99 | 37.96 | 45.87 | 49.67 | 32.50 | 18.65 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.02 | 2.02 | 1.33 | 1.54 | 1.57 | 2.13 | 1.91 | 1.40 | 1.73 | 1.69 | 1.75 |
| Quick Ratio | 1.65 | 1.65 | 0.98 | 1.15 | 1.16 | 1.74 | 1.57 | 1.01 | 1.30 | 1.29 | 1.48 |
| Cash Ratio | 1.18 | 1.18 | 0.62 | 0.89 | 0.88 | 1.07 | 0.97 | 0.59 | 0.70 | 0.80 | 0.84 |
| Asset Turnover | — | 0.25 | 0.27 | 0.28 | 0.35 | 0.47 | 0.51 | 0.53 | 0.55 | 0.51 | 0.52 |
| Inventory Turnover | 2.97 | 2.97 | 2.93 | 2.92 | 2.74 | 3.27 | 4.06 | 3.41 | 3.74 | 3.39 | 4.18 |
| Days Sales Outstanding | — | 26.51 | 23.91 | 22.90 | 23.92 | 43.68 | 31.79 | 38.85 | 34.63 | 32.61 | 28.83 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 1.8% | 1.5% | 5.5% | 2.7% | 2.8% | 2.1% | 2.5% | 2.3% | 2.8% |
| Payout Ratio | — | — | — | 182.8% | 74.8% | 28.4% | 26.6% | 26.5% | 26.3% | 52.8% | 47.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 0.8% | 7.3% | 9.5% | 10.5% | 7.9% | 9.5% | 4.3% | 5.8% |
| FCF Yield | — | — | — | — | — | 4.3% | 10.5% | 6.3% | 6.5% | 4.6% | 6.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.2% | 7.1% | 5.1% | 4.9% | 1.6% | 1.5% |
| Total Shareholder Yield | 0.0% | 0.0% | 1.8% | 1.5% | 5.5% | 3.8% | 9.9% | 7.2% | 7.4% | 3.9% | 4.2% |
| Shares Outstanding | — | $4.9B | $4.3B | $4.2B | $4.1B | $4.1B | $4.2B | $4.5B | $4.7B | $4.8B | $4.9B |
Manufacturing execution and liquidity
According to current market data, Intel's forward P/E of 118.26 suggests that investors are pricing in a significant recovery in earnings, yet the negative TTM P/E of -2178.61 highlights the extreme volatility and current lack of profitability inherent in the company's ongoing foundry transition.
The valuation multiples appear to be decoupled from traditional semiconductor peers, reflecting a market that views Intel as a high-risk turnaround play rather than a stable growth entity. Investors should monitor whether the forward earnings expectations are realistic given the persistent margin compression and the heavy capital expenditure requirements that continue to weigh on free cash flow.
As reported in financial statements, Intel's ROIC has trended into negative territory, reaching -1.5% in 2026Q1, which indicates that the company's massive reinvestment into manufacturing capacity is currently failing to generate returns that exceed the cost of capital.
The decline in ROIC from positive levels in 2023Q4 suggests that the company's capital allocation strategy is currently value-destructive. This trend warrants further investigation into whether the current manufacturing roadmap will eventually yield sufficient efficiency gains to reverse this decay or if the asset base remains structurally over-capitalized relative to current demand.
Based on Intel's reported figures, the company's DPO has fluctuated significantly, reaching 94 days in 2026Q1, which suggests that management is attempting to preserve cash by extending payment terms to suppliers amid a period of intense operational and financial pressure.
The volatility in the cash conversion cycle, combined with low asset turnover of 0.07, implies that Intel is struggling to optimize its working capital in the face of a complex manufacturing transition. This lack of efficiency appears to be a structural drag on liquidity, as the company remains unable to convert its massive asset base into rapid revenue growth.
According to recent quarterly filings, Intel's current ratio of 2.31 in 2026Q1 provides a superficial appearance of stability, yet this liquidity position is undermined by the company's persistent negative free cash flow and the high fixed costs associated with its manufacturing footprint.
While the current ratio has improved from 1.31 in 2024Q3, the underlying cash burn suggests that the company's liquidity remains vulnerable to any further deterioration in product demand or delays in foundry adoption. Investors should monitor the company's ability to maintain this liquidity buffer without resorting to further dilutive financing or debt accumulation.
The P/E ratio is frequently misapplied to Intel's current business model, as it obscures the massive depreciation and R&D expenses that are necessary for the foundry transition but currently distort the company's true earning power.
Analysts should prioritize EV/EBITDA or cash-flow-based metrics over P/E, as the latter fails to account for the significant non-cash charges and capital intensity that define Intel's current operational reality. Relying on P/E may lead to an inaccurate assessment of the company's turnaround progress, as it ignores the structural shift in how capital is being deployed to build future manufacturing capacity.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying INTC stock.
Intel Corporation's current P/E ratio is -1874.2x. The historical average is 28.4x.
Intel Corporation's current EV/EBITDA is 50.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.2x.
Intel Corporation's return on equity (ROE) is -0.2%. The historical average is 18.2%.
Based on historical data, Intel Corporation is trading at a P/E of -1874.2x. Compare with industry peers and growth rates for a complete picture.
Intel Corporation has 34.8% gross margin and -0.0% operating margin.
Intel Corporation's Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.