Information Technology · Semiconductors · US stock · price as of 16 Oct 2026
Key indicators
Price
$328.75
52-week range
$288.95 – $493.28
Market cap
$1.61T
P/E (trailing)
41.9×
EV / EBITDA
38.4×
Free-cash-flow yield
2.5%
Dividend yield
0.8%
Revenue (last 12 months)
$89.1B
Revenue growth (3y a year)
24.4%
Operating margin
48.0%
Return on invested capital
28.5%
Net debt / EBITDA
0.8×
Fair value
Blended fair value$143.61 range $135 – $152
Versus priceOvervalued−56% to fair value
Peer multiples
$153.51
Fundamentals-adjusted multiple
$139.96
10-year DCF (market-scaled)
$137.36
Earnings power value (floor, not blended)
$37.28
Model uncertainty
High
X-Ray Score
54/ 100 · High confidence · ahead of 57% of sector peers
Valuation30
Growth72
Profitability53
Financial health64
Dividends59
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Broadcom designs semiconductors and infrastructure software. Its chips serve data center networking, custom accelerators for large cloud customers, broadband, wireless and storage markets, and its software unit sells enterprise tools for virtualization, mainframe and security. Revenue comes from chip sales to equipment makers and cloud companies and from software licences and subscriptions with large business customers.
The company reported revenue of $89.1 billion for the last twelve months. Revenue growth over three years averaged 24.4% a year. Operating margin is 48.0% and return on invested capital is 29%. Net debt to EBITDA is 0.8 times. It pays a dividend with a yield of 0.8%. These figures describe past results as reported and are a factual snapshot, not a forecast. Some measures, such as margins for real estate trusts and banks, are defined differently from those of industrial firms, so comparisons should be made with care.
StocksXray gives Broadcom Inc. an X-Ray Score of 54 out of 100 (high confidence), ahead of 57% of the S&P 500 stocks in its sector. Its strongest lens is growth (72) and its weakest is valuation (30).
Our fair value blend is $143.61 (range $135.32 to $152.26). At $328.75 the stock trades 129% above that blend, so the label is "Overvalued" with high model uncertainty. Fair value is a range, not a price target.
XStocksXray
Broadcom Inc. (AVGO)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$48.67
$44.59
$81.15
$166.03
$366.87
$328.75
Market cap
$20.9B
$188.7B
$346.7B
$793.3B
$1.78T
$1.61T
P/E
3.2×
16.8×
24.6×
135.0×
76.9×
41.9×
EV / revenue
1.8×
6.5×
10.4×
16.5×
28.6×
18.4×
EV / EBITDA
5.9×
15.2×
22.9×
63.2×
71.8×
38.4×
Price / free cash flow
1.6×
11.6×
19.7×
40.9×
66.2×
40.8×
Free-cash-flow yield
63.8%
8.6%
5.1%
2.4%
1.5%
2.5%
Price / book
0.8×
8.3×
14.5×
11.7×
21.9×
16.1×
Dividend yield
29.59%
3.68%
2.27%
1.27%
0.64%
0.79%
Fundamentals checklist ● 6 Good · ● 8 Average · ● 2 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−1.3%Bad
Free-cash-flow yield2.5%Average
Risk models
Altman Z score4.2×Average
Piotroski F-Score8 of 9Good
Growth
EPS growth (3y)21.6%Good
Free-cash-flow growth (3y)18.2%Average
Revenue growth (3y)24.4%Good
Growth consistency100%Good
Balance sheet
Current ratio2.5×Good
Net debt / EBITDA0.8×Average
Interest cover13.7×Average
Valuation
Fair value vs price0.4×Bad
EBIT / EV yield2.6%Average
Profitability
Return on invested capital28.5%Average
Operating margin48.0%Good
Gross profitability32.6%Average
XStocksXray
Broadcom Inc. (AVGO)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
27,450
33,203
35,819
51,574
63,887
89,104
Gross profit
16,844
22,095
24,690
32,509
43,294
61,277
Operating income
8,519
14,225
16,207
13,463
25,484
42,814
Net income
6,736
11,495
14,082
5,895
23,126
38,265
Diluted EPS ($)
15.00
2.65
3.30
1.23
4.77
7.85
Free cash flow
13,321
16,312
17,633
19,414
26,914
39,403
Gross margin
61.4%
66.5%
68.9%
63.0%
67.8%
68.8%
Operating margin
31.0%
42.8%
45.2%
26.1%
39.9%
48.0%
Net margin
24.5%
34.6%
39.3%
11.4%
36.2%
42.9%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
75,570
73,249
72,861
165,645
171,092
188,148
Cash
12,163
12,416
14,189
9,348
16,178
23,975
Total debt
41,499
39,478
39,184
67,540
65,136
59,419
Equity
24,962
22,709
23,988
67,678
81,292
99,690
Dividend per share ($)
14.40
1.64
1.84
2.11
2.36
2.54
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.