Valuation

Semiconductors by Forward PE · 2026-05-03

30 semiconductor stocks with > $50B market cap ranked cheapest first on next-fiscal-year forward P/E. Memory + Asian names dominate the cheap end (SK Hynix 4.3x, Samsung 5.1x, MU 5.4x — all PEG <0.3); Arm sits at the top at 98.5x / PEG 4.67. NVDA, AVGO, AMD all sit at PEG <0.5 — convergent with the 038 PEG snapshot. Includes 9 foreign tickers (OTC ADRs + 2 China-domestic) so PEG and growth comparison spans the full global semi universe; foreign tickers do not get auto-populated earnings dates. PEG = fwd P/E ÷ next-year EPS growth; N.M. when growth is flat/negative.

source: tweet-intheassembly-2026-05-03

#1
HXSCLSK Hynix Inc. (ADR)
PEG 0.18 · est +23% EPS. SK Hynix — HBM3E leader for NVDA accelerators; cheapest mega-cap on the board.
4x
FWD PE
$650.00last
#2
SSNLFSamsung Electronics Co., Ltd. (OTC ADR)
PEG 0.28 · est +18% EPS. Samsung — diversified Korean chaebol; HBM ramp + foundry catch-up + memory cycle.
5x
FWD PE
—last
#3
MUMicron Technology, Inc.
PEG 0.08 · est +70% EPS. HBM3E supplier; FY26 op-income est ~$77B (+684% YoY). Cheapest PEG on the board.
5x
FWD PE
$666.59last
$341fib
+95.5%vs fib
#4
QCOMQUALCOMM Incorporated
PEG N.M. · est -0.3% EPS (flat). Smartphone modems + diversification into auto + on-device AI inference.
16x
FWD PE
$192.57last
#5
NXPINXP Semiconductors N.V.
PEG 0.83 · est +21% EPS. NXP — auto MCUs + secure connectivity; cyclical recovery on auto-inventory normalize.
17x
FWD PE
$303.55last
#6
NVDANVIDIA Corporation
PEG 0.50 · est +35% EPS. AI accelerator dominance; growth still outpacing the multiple. Convergent with 038.
18x
FWD PE
$207.83last
$71fib
+192.7%vs fib
#7
MDTKFMediaTek Inc. (ADR)
PEG 0.33 · est +59% EPS. MediaTek (ADR) — smartphone SoCs + AI-PC + auto exposure scaling.
19x
FWD PE
—last
#8
TSMTaiwan Semiconductor Manufacturing Co.
PEG 0.87 · est +25% EPS. Foundry essential utility for the entire AI accelerator stack.
22x
FWD PE
$419.50last
$314fib
+33.6%vs fib
#9
IFNNYInfineon Technologies AG (ADR)
PEG 0.42 · est +55% EPS. Infineon (ADR) — power semis + auto MCUs; SiC ramp + EV recovery.
23x
FWD PE
$70.39last
#10
AVGOBroadcom Inc.
PEG 0.42 · est +56% EPS. Custom AI silicon for hyperscalers + networking + VMware. Convergent with 038.
23x
FWD PE
$425.44last
$336fib
+26.6%vs fib
#11
AMATApplied Materials, Inc.
PEG 1.01 · est +27% EPS. Wafer-fab equipment leader; deposition + etch.
27x
FWD PE
$428.62last
#12
SNPSSynopsys, Inc.
PEG 1.53 · est +18% EPS. Synopsys — EDA + IP, the chip designer's design tool.
28x
FWD PE
$504.42last
#13
ADIAnalog Devices, Inc.
PEG 2.05 · est +15% EPS. Analog Devices — analog + mixed-signal; quietly diversified, premium multiple.
30x
FWD PE
$415.63last
#14
ASMLASML Holding N.V.
PEG 1.01 · est +31% EPS. EUV monopoly; the foundry's foundry.
31x
FWD PE
$1544.74last
$1205fib
+28.2%vs fib
#15
TOELYTokyo Electron Limited (ADR)
PEG 1.74 · est +18% EPS. Tokyo Electron (ADR) — WFE leader Japan side; coater/developer + etch.
31x
FWD PE
$166.40last
#16
AMDAdvanced Micro Devices, Inc.
PEG 0.51 · est +64% EPS. MI400 ramp + server CPU share gains.
33x
FWD PE
$421.39last
$253fib
+66.6%vs fib
#17
MCHPMicrochip Technology Incorporated
PEG 0.49 · est +71% EPS. Microchip — MCU + analog; coming off a deep cyclical trough.
34x
FWD PE
$102.92last
#18
KLACKLA Corporation
PEG 1.14 · est +31% EPS. KLA — process control + metrology; WFE consolidator.
35x
FWD PE
$1816.29last
#19
002371.SZNAURA Technology Group Co., Ltd.
PEG 1.11 · est +32% EPS. NAURA Technology — Chinese WFE leader (SMIC's tool of choice); domestic-substitution play.
35x
FWD PE
—last
#20
TXNTexas Instruments Incorporated
PEG 1.70 · est +21% EPS. Texas Instruments — analog + power management; Capex-heavy 300mm reorientation.
36x
FWD PE
$289.44last
#21
LRCXLam Research Corporation
PEG 1.18 · est +31% EPS. Lam Research — etch + deposition; memory NAND+DRAM exposure.
36x
FWD PE
$297.17last
#22
MRVLMarvell Technology, Inc.
PEG N.M. · est +0.2% EPS (flat). Custom AI silicon + optical DSP for hyperscalers.
42x
FWD PE
$172.15last
$126fib
+36.6%vs fib
#23
ATEYYAdvantest Corporation (ADR)
PEG 1.07 · est +40% EPS. Advantest (ADR) — chip-test equipment; HBM-test bottleneck winner.
43x
FWD PE
$197.00last
#24
COHRCoherent Corp.
PEG 1.14 · est +38% EPS. Coherent — optical components + lasers + datacenter optical.
44x
FWD PE
$344.67last
$249fib
+38.4%vs fib
#25
SMICYSemiconductor Manufacturing Intl Corp (ADR)
PEG 1.57 · est +30% EPS. SMIC (ADR) — largest Chinese foundry; sanctions overhang vs domestic-demand floor.
46x
FWD PE
—last
#26
ASXASE Technology Holding Co., Ltd. (ADR)
PEG 1.19 · est +40% EPS. ASE — OSAT (advanced packaging); CoWoS-adjacent tailwind.
47x
FWD PE
$34.16last
#27
688256.SSCambricon Technologies Corporation Limited
PEG 0.68 · est +74% EPS. Cambricon — leading Chinese AI accelerator silicon; sanctions + domestic-substitution play.
50x
FWD PE
—last
#28
MPWRMonolithic Power Systems, Inc.
PEG 2.95 · est +20% EPS. Monolithic Power — power management ICs; AI server power-delivery exposure.
60x
FWD PE
$1652.35last
#29
INTCIntel Corporation
PEG 0.61 · est +102% EPS. IDM turnaround + Foundry/18A; cycle-trough multiple gone.
62x
FWD PE
$113.01last
$60fib
+88.4%vs fib
#30
ARMArm Holdings plc
PEG 4.67 · est +21% EPS. CPU IP licensing; richest multiple on the board.
99x
FWD PE
$237.30last
$185fib
+28.3%vs fib