AI P/E ratio

How much actual profit am I buying? Compare semiconductors, software and hardware separately.

30.7×+0.34%Close Oct 1, 2026

Hover to inspect recorded prices. Click to pin a point; click again to release. Drag between two points to measure the return over that span. Use arrow keys to move, shift with an arrow key to extend a span, Home or End to jump, and Escape to clear.

The public members' combined market cap over their combined trailing net income, loss-makers included. Private companies are left out: their profits are not public.

Values before Oct 2, 2026 are back-tested: the editors' list of that day, run backwards. They show how today's AI leaders performed, not what anyone could have picked then.

By group

Semiconductors36.3×
Software195.9×
Hardware and data centres61.5×
Cloud and models21.7×
Power and materials36.4×
Robotics and physical AI101.3×

All six on one scale, 0 to 458.1×. A gap is a period when the group's earnings summed to a loss.

Company filings, exchange prices and secondary-market marks; calculations by The Inference. How this index is built

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