KLA Corporation

DB:KLA Stock Report

Market Cap: €169.9b

KLA Valuation

Is KLA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of KLA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: KLA (€1289.6) is trading above our estimate of future cash flow value (€764.22)

Significantly Below Future Cash Flow Value: KLA is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KLA?

Key metric: As KLA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KLA. This is calculated by dividing KLA's market cap by their current earnings.
What is KLA's PE Ratio?
PE Ratio43.1x
EarningsUS$4.56b
Market CapUS$196.44b

Price to Earnings Ratio vs Peers

How does KLA's PE Ratio compare to its peers?

The above table shows the PE ratio for KLA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average46.3x
AIXA AIXTRON
43.8x15.80%€3.7b
IFX Infineon Technologies
48.7x27.89%€48.9b
SMHN SUSS MicroTec
19.6x4.90%€1.1b
TPE PVA TePla
73.1x30.00%€557.4m
KLA KLA
43.1x15.65%€196.4b

Price-To-Earnings vs Peers: KLA is good value based on its Price-To-Earnings Ratio (43.1x) compared to the peer average (46.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does KLA's PE Ratio compare vs other companies in the European Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KLA 43.1xIndustry Avg. 45.2xNo. of Companies4PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KLA is good value based on its Price-To-Earnings Ratio (43.1x) compared to the European Semiconductor industry average (45.2x).

Price to Earnings Ratio vs Fair Ratio

What is KLA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KLA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio43.1x
Fair PE Ratio48.9x

Price-To-Earnings vs Fair Ratio: KLA is good value based on its Price-To-Earnings Ratio (43.1x) compared to the estimated Fair Price-To-Earnings Ratio (48.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KLA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1,289.60
€1,453.24
+12.69%
9.77%€1,690.46€1,154.71n/a30
Mar ’27€1,286.40
€1,411.69
+9.74%
9.92%€1,651.65€1,128.20n/a30
Feb ’27€1,204.40
€1,392.24
+15.60%
11.25%€1,644.24€1,087.73n/a29
Jan ’27€1,068.40
€1,127.05
+5.49%
9.02%€1,279.80€853.20n/a27
Dec ’26€997.20
€1,110.84
+11.40%
9.33%€1,292.10€861.40n/a26
Nov ’26€1,046.00
€1,103.36
+5.48%
10.82%€1,301.25€824.13n/a26
Oct ’26€962.60
€812.35
-15.61%
11.56%€997.66€635.26n/a25
Sep ’26€739.30
€793.33
+7.31%
10.27%€917.73€636.01n/a25
Aug ’26€759.00
€797.97
+5.13%
10.52%€928.37€643.38n/a26
Jul ’26€756.20
€685.64
-9.33%
11.92%€805.79€500.44n/a26
Jun ’26€680.90
€696.38
+2.27%
10.53%€797.49€522.80n/a26
May ’26€603.10
€696.55
+15.49%
10.46%€797.13€522.56n/a26
Apr ’26€631.40
€758.01
+20.05%
9.64%€877.61€605.09n/a27
Mar ’26€667.80
€780.66
+16.90%
9.56%€903.36€622.84€1,286.4027
Feb ’26€739.80
€791.01
+6.92%
9.18%€916.47€631.88€1,204.4028
Jan ’26€621.90
€762.08
+22.54%
10.17%€916.66€641.66€1,068.4027
Dec ’25€611.80
€763.11
+24.73%
10.46%€900.13€630.09€997.2027
Nov ’25€613.30
€745.26
+21.52%
9.61%€873.43€616.00€1,046.0027
Oct ’25€678.70
€754.16
+11.12%
10.71%€875.65€601.73€962.6025
Sep ’25€725.90
€786.03
+8.28%
10.10%€894.35€611.44€739.3024
Aug ’25€749.30
€796.92
+6.36%
10.27%€914.66€619.01€759.0024
Jul ’25€764.90
€723.25
-5.44%
10.35%€885.21€493.85€756.2024
Jun ’25€707.60
€691.96
-2.21%
10.37%€783.02€488.24€680.9023
May ’25€665.30
€680.58
+2.30%
11.98%€792.80€494.33€603.1024
Apr ’25€642.00
€607.26
-5.41%
11.89%€778.26€466.96€631.4024
Mar ’25€637.00
€604.16
-5.16%
11.02%€738.24€470.63€667.8024
€1.44k
Fair Value
10.6% undervalued intrinsic discount
30
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/22 19:41
End of Day Share Price 2026/03/20 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

KLA Corporation is covered by 46 analysts. 29 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James KelleherArgus Research Company
Christopher MuseBarclays
Thomas O'MalleyBarclays