Texas InstrumentsTXN -0.45%81 Price-to-Tangible-Book is 22.74 as of Jun. 24, 2026, which is 42% above its 10-year median of 16.05. GuruFocus rates TXN with a GF Score™ of 81/100 and a GF Value™ of $212.39 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 972 Semiconductors companies, Texas Instruments ranks worse than 92.8% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Texas Instruments Price-to-Tangible-Book Related Terms
Texas Instruments Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Texas Instruments's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TXN vs QCOM, ADI, MRVL: Price-to-Tangible-Book Comparison
For the Semiconductors subindustry, Texas Instruments's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Texas Instruments Price-to-Tangible-Book vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Texas Instruments's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Texas Instruments's Price-to-Tangible-Book falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Texas Instruments (TXN) has a Price-to-Tangible-Book of 22.74 as of Jun. 24, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Texas Instruments and its competitors. This is 42% above median its historical median of 16.05. Over the past decade, Texas Instruments' Price-to-Tangible-Book has ranged from 11.90 to 40.08. According to the industry distribution chart, Texas Instruments ranks #902 out of 972 companies in the Semiconductors industry, placing it in the top 92.8%.
Is Texas Instruments' Price-to-Tangible-Book too high?
Texas Instruments' current Price-to-Tangible-Book of 22.74 is 42% above median its 10-year median of 16.05. Over the past 10 years, this metric has ranged from a low of 11.90 to a high of 40.08. The Semiconductors industry median Price-to-Tangible-Book is 4.19. Texas Instruments' value of 22.74 is 443.4% above this industry median. Based on the distribution chart, Texas Instruments ranks #902 out of 972 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Texas Instruments has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Texas Instruments' Price-to-Tangible-Book compare to QCOM and ADI?
According to the Semiconductors industry distribution chart, Texas Instruments ranks #902 out of 972 companies for Price-to-Tangible-Book. This places Texas Instruments in the lower half of its industry. The industry median Price-to-Tangible-Book is 4.19. Texas Instruments' value of 22.74 is 443.4% above this benchmark. Historically, Texas Instruments' own Price-to-Tangible-Book has ranged from 11.90 to 40.08 over the past decade. While the company's 10-year median is 16.05 vs. the industry median of 4.19, Texas Instruments has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Semiconductors company?
The median Price-to-Tangible-Book among Semiconductors companies is 4.19, based on 972 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Texas Instruments's current Price-to-Tangible-Book of 22.74 is 443.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Texas Instruments and its competitors. For the Semiconductors industry, the median Price-to-Tangible-Book is 4.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Texas Instruments's current Price-to-Tangible-Book is 22.74, which is 42% above median its own 10-year median of 16.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texas Instruments stock overvalued right now?
Based on GuruFocus' analysis, Texas Instruments (TXN) is currently considered Significantly Overvalued. The stock's GF Value™ is $212.39, compared to a current price of $303.00 — trading 42.7% above its estimated fair value. The current Price-to-Tangible-Book is 22.74, which is 42% above median its 10-year median of 16.05 and 443.4% above the Semiconductors industry median of 4.19. Texas Instruments' overall GF Score™ is 81/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Texas Instruments (TXN), the current Price-to-Tangible-Book is 22.74 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Texas Instruments (TXN) Overvalued in 2026?
Based on GuruFocus' analysis, Texas Instruments stock appears to be overvalued.
The current stock price of $303.00 is trading 42.7% above its estimated GF Value™ of $212.39.
GuruFocus considers Texas Instruments to be Significantly Overvalued.
Key valuation signals for TXN:
Price-to-Tangible-Book: 22.74 (42% above median its 10-year median of 16.05)
GF Value™: $212.39 vs. price of $303.00 (42.7% above fair value)
Industry Position: 443.4% above the Semiconductors median (#902 of 972)
No single metric tells the full story. See the TXN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications.
81GF Score
Get the complete analysis for TXN
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TXN has been successfully added to your 
