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TXN

Texas Instruments Incorporated

US$280.09-0.57% (-US$1.60)
Day's range
US$279.22 – US$283.50
Day's volume
US$1.1bn
52-week range
US$150.79 – US$330.59

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TXN in numbers

Market cap
US$255.8bn
P/E
42.27
P/B
14.21
Dividend yield (12m)
2.03%

The 12-month dividend yield of TXN is 2.03%, below its 5-year average of 2.80%.

TXN price history

01/10/202530/09/2026
Compare with

TXN risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+76.39%+112.96%+71.08%
Volatility (annualised)52.62%38.32%34.60%
Largest drawdown-14.21%-23.64%-23.64%
Positive months7/1219/3630/60

How much did investing in TXN return?

US$1,000.00 invested on 01/10/2021 would be worth US$1,710.77 today.

Value today in TXN
US$1,710.77
Return over the period
+71.08%
Return per year
+11.34%
In the S&P 500
US$1,661.44

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

TXN fundamentals

Valuation

  • P/E
    42.27
  • P/B
    14.21
  • EV/EBITDA
    —
  • EV/EBIT
    36.23
  • EV/Revenue
    13.51
  • P/EBIT
    35.26
  • P/S
    13.15
  • P/OCF
    29.51
  • P/FCF
    47.77
  • Earnings yield
    2.76%
  • PEG ratio
    —
  • Earnings per share
    US$6.63
  • Book value per share
    US$19.72

Debt

  • Net debt
    US$7.1bn
  • Net debt/EBITDA
    —
  • Net debt/Equity
    0.39
  • Debt/Equity
    0.78
  • Current ratio
    4.86
  • Quick ratio
    3.44
  • Cash ratio
    2.16

Efficiency

  • Gross margin
    58.33%
  • EBITDA margin
    —
  • Operating margin
    37.29%
  • Net margin
    31.11%
  • Asset turnover
    0.54

Profitability

  • ROE
    33.61%
  • ROA
    16.87%
  • ROIC
    25.36%
  • Payout
    85.71%

Growth

  • Revenue CAGR (5 years)
    3.02%
  • Earnings CAGR (5 years)
    -2.09%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is TXN's fair price?

Two classic value formulas, with today's numbers. The current price is US$280.09.

Graham's fair price
US$54.22
80.64% below the price

√(22.50 × US$6.63 × US$19.72)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$82.27
70.63% below the price

US$4.94 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

TXN indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E31.4835.5723.8117.1122.4027.0023.8815.89
P/B9.6810.109.1710.2713.0516.4413.459.86
Dividend yield3.17%2.81%2.94%2.84%2.23%2.27%2.50%2.78%
Earnings per shareUS$5.51US$5.27US$7.16US$9.65US$8.41US$6.08US$5.37US$5.95
Book value per shareUS$17.93US$18.57US$18.58US$16.09US$14.44US$9.98US$9.54US$9.58
ROE30.73%28.39%38.53%60.02%58.27%60.90%56.33%62.04%
ROIC20.74%20.99%32.92%62.08%68.85%58.20%53.77%57.00%
Gross margin57.02%58.14%62.90%68.76%67.47%64.10%63.71%65.11%
Net margin28.28%30.68%37.16%43.68%42.35%38.69%34.88%35.35%

TXN financial statements

Line202520242023202220212020
Net revenueUS$17.7bnUS$15.6bnUS$17.5bnUS$20bnUS$18.3bnUS$14.5bn
Cost of sales-US$7.6bn-US$6.5bn-US$6.5bn-US$6.3bn-US$6bn-US$5.2bn
Gross profitUS$10.1bnUS$9.1bnUS$11bnUS$13.8bnUS$12.4bnUS$9.3bn
EBITDA——————
EBITUS$6bnUS$5.5bnUS$7.3bnUS$10.1bnUS$9bnUS$5.9bn
Net finance result——————
Profit before taxUS$5.7bnUS$5.5bnUS$7.4bnUS$10bnUS$8.9bnUS$6bn
Income tax-US$709m-US$654m-US$908m-US$1.3bn-US$1.2bn-US$422m
Net incomeUS$5bnUS$4.8bnUS$6.5bnUS$8.7bnUS$7.8bnUS$5.6bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does TXN pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend29/10/202610/11/2026US$1.52

Dividend yield per year

  • 2.03%2017
  • 2.78%2018
  • 2.50%2019
  • 2.27%2020
  • 2.23%2021
  • 2.84%2022
  • 2.94%2023
  • 2.81%2024
  • 3.17%2025
  • 1.52%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend30/07/202611/08/2026US$1.42
Dividend04/05/202619/05/2026US$1.42
Dividend29/01/202610/02/2026US$1.42
Dividend30/10/202512/11/2025US$1.42
Dividend30/07/202512/08/2025US$1.36
Dividend29/04/202513/05/2025US$1.36
Dividend30/01/202511/02/2025US$1.36
Dividend30/10/202412/11/2024US$1.36
Dividend30/07/202413/08/2024US$1.30
Dividend06/05/202421/05/2024US$1.30
Dividend29/01/202413/02/2024US$1.30
Dividend27/10/202314/11/2023US$1.30
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend27/07/202315/08/2023US$1.24
Dividend04/05/202316/05/2023US$1.24
Dividend27/01/202314/02/2023US$1.24
Dividend27/10/202215/11/2022US$1.24
Dividend28/07/202216/08/2022US$1.15
Dividend05/05/202217/05/2022US$1.15
Dividend27/01/202207/02/2022US$1.15
Dividend28/10/202115/11/2021US$1.15
Dividend22/07/202109/08/2021US$1.02
Dividend29/04/202117/05/2021US$1.02
Dividend28/01/202108/02/2021US$1.02
Dividend28/10/202016/11/2020US$1.02
Dividend29/07/202017/08/2020US$0.90
Dividend30/04/202018/05/2020US$0.90
Dividend29/01/202010/02/2020US$0.90
Dividend29/10/201918/11/2019US$0.90
Dividend29/07/201912/08/2019US$0.77
Dividend02/05/201920/05/2019US$0.77
Dividend29/01/201911/02/2019US$0.77
Dividend29/10/201819/11/2018US$0.77
Dividend27/07/201813/08/2018US$0.62
Dividend03/05/201821/05/2018US$0.62
Dividend29/01/201812/02/2018US$0.62
Dividend27/10/201713/11/2017US$0.62
Dividend26/07/201714/08/2017US$0.50
Dividend26/04/201715/05/2017US$0.50
Dividend26/01/201713/02/2017US$0.50
Dividend02/11/201621/11/2016US$0.50

About Texas Instruments Incorporated

Sector
Manufacturing

Questions about TXN

How much is TXN today?

TXN is at US$280.09 (-0.57% on the day), last traded on 30/09/2026.

How much did TXN pay in dividends in 2025?

TXN paid US$5.50 per share in 2025, a dividend yield of 3.17%.

When is the next TXN dividend?

The next announced payment is US$1.52 per share on 10/11/2026.

What are the P/E and P/B of TXN?

TXN trades at a P/E of 42.27 and a P/B of 14.21.

How much did TXN return in 12 months?

TXN returned 76.39% in 12 months, with annualised volatility of 52.62% and a largest drawdown of -14.21%.