Microchip Technology Incorporated (MCHP) Key Metrics
MCHP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $40.10B
- Enterprise value
- $46.30B
- P/E (TTM)
- 108.6 10-yr median 58.3
- Forward P/E
- 20.5
- PEG ratio
- 0.23
- Price / sales
- 7.8 10-yr median 5.8
- Price / book
- 6.4 10-yr median 6.2
- EV / EBITDA
- 31.7 10-yr median 18.5
- Dividend yield
- 2.46% $1.82 a year
- Beta
- 1.76
MCHP key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsMCHP valuation Price multiples at each fiscal year-end price.
MCHP returns How much profit the business earns on the capital it uses.
MCHP per-share figures Results divided by the shares outstanding at year-end.
MCHP financial health Debt, liquidity and how easily interest is covered.
MCHP efficiency & capital use Working capital cycle and where the cash goes.
MCHP valuation history
MCHP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MCHP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MCHP cash returned to shareholders
MCHP price vs earnings per share
MCHP key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $35.40B | $26.01B | $49.16B | $46.69B | $42.52B | $42.00B | $17.37B | $20.73B | $22.74B | $17.32B |
| Enterprise value | $40.69B | $30.91B | $54.87B | $53.06B | $49.92B | $50.79B | $26.59B | $30.61B | $23.61B | $18.97B |
| P/E ratio | 175.1 | — | 25.8 | 20.9 | 33.1 | 120.2 | 30.4 | 58.3 | 89.0 | 105.2 |
| Price / sales | 7.5 | 5.9 | 6.4 | 5.5 | 6.2 | 7.7 | 3.3 | 3.9 | 5.7 | 5.1 |
| Price / book | 5.5 | 3.7 | 7.4 | 7.2 | 7.2 | 7.9 | 3.1 | 3.9 | 6.9 | 5.3 |
| Price / free cash flow | 40.6 | 33.7 | 18.9 | 14.9 | 17.2 | 23.0 | 11.8 | 14.3 | 18.7 | 17.6 |
| Price / operating cash flow | 36.8 | 29.0 | 17.0 | 12.9 | 15.0 | 21.9 | 11.3 | 12.4 | 16.0 | 16.4 |
| EV / sales | 8.6 | 7.0 | 7.2 | 6.3 | 7.3 | 9.3 | 5.0 | 5.7 | 5.9 | 5.6 |
| EV / EBITDA | 29.1 | 29.7 | 16.0 | 12.9 | 17.4 | 27.7 | 14.4 | 19.5 | 15.2 | 26.9 |
| EV / free cash flow | 46.7 | 40.0 | 21.0 | 16.9 | 20.2 | 27.8 | 18.0 | 21.2 | 19.5 | 19.3 |
| Earnings yield | 0.6% | −0.0% | 3.9% | 4.8% | 3.0% | 0.8% | 3.3% | 1.7% | 1.1% | 1.0% |
| Free cash flow yield | 2.5% | 3.0% | 5.3% | 6.7% | 5.8% | 4.3% | 8.5% | 7.0% | 5.3% | 5.7% |
| Dividend yield | 3.1% | 3.8% | 1.9% | 1.5% | 1.2% | 0.9% | 2.0% | 1.7% | 1.5% | 1.8% |
| Shareholder yield (dividends + buybacks) | 3.6% | 4.1% | 3.9% | 3.5% | 2.2% | 0.9% | 2.0% | 2.0% | 1.7% | 2.2% |
| Share price at fiscal year-end | $64.61 | $48.41 | $89.71 | $83.78 | $75.14 | $77.61 | $33.90 | $41.48 | $45.68 | $36.89 |
| Per share | ||||||||||
| Revenue per share | $8.60 | $8.19 | $13.93 | $15.14 | $12.05 | $10.05 | $10.29 | $10.70 | $8.00 | $7.26 |
| Earnings per share | $0.37 | −$0.00 | $3.48 | $4.02 | $2.27 | $0.65 | $1.11 | $0.71 | $0.51 | $0.35 |
| Operating cash flow per share | $1.76 | $1.67 | $5.28 | $6.50 | $5.02 | $3.54 | $3.01 | $3.35 | $2.85 | $2.26 |
| Free cash flow per share | $1.59 | $1.44 | $4.76 | $5.62 | $4.37 | $3.37 | $2.88 | $2.89 | $2.44 | $2.10 |
| Cash per share | $0.44 | $1.44 | $0.58 | $0.42 | $0.56 | $0.52 | $0.79 | $0.86 | $4.41 | $2.77 |
| Book value per share | $11.74 | $13.17 | $12.15 | $11.69 | $10.42 | $9.86 | $10.90 | $10.58 | $6.59 | $6.96 |
| Tangible book value per share | −$4.19 | −$3.71 | −$5.11 | −$6.33 | −$8.52 | −$11.32 | −$13.23 | −$16.13 | −$1.37 | −$2.51 |
| Dividends per share | $1.99 | $1.82 | $1.66 | $1.25 | $0.89 | $0.72 | $0.68 | $0.69 | $0.68 | $0.67 |
| Capex per share | $0.17 | $0.23 | $0.52 | $0.87 | $0.65 | $0.17 | $0.13 | $0.46 | $0.42 | $0.16 |
| Debt per share | $10.10 | $10.55 | $11.01 | $11.84 | $13.64 | $16.76 | $18.78 | $20.62 | $6.16 | $6.28 |
| Shares outstanding | 547.9M | 537.3M | 548.0M | 557.3M | 565.9M | 541.2M | 512.4M | 499.8M | 497.8M | 469.6M |
| Change in shares outstanding | +2.0% | −2.0% | −1.7% | −1.5% | +4.6% | +5.6% | +2.5% | +0.4% | +6.0% | +8.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 3.0% | −0.0% | 29.0% | 36.1% | 22.9% | 6.4% | 10.5% | 8.3% | 7.8% | 6.1% |
| Return on invested capital (ROIC) | 3.5% | 1.2% | 16.4% | 18.3% | 11.7% | 6.9% | 4.3% | 7.4% | 10.3% | 5.8% |
| Return on assets (ROA) | 1.4% | −0.0% | 11.8% | 13.7% | 7.9% | 2.1% | 3.2% | 2.7% | 3.2% | 2.5% |
| Return on tangible assets | 3.6% | −0.0% | 29.7% | 35.4% | 23.4% | 7.0% | 11.3% | 7.1% | 5.9% | 5.1% |
| Free cash flow margin | 18.5% | 17.5% | 34.2% | 37.1% | 36.3% | 33.5% | 28.0% | 27.0% | 30.5% | 28.9% |
| Income quality (OCF / net income) | 4.76 | — | 1.52 | 1.62 | 2.21 | 5.49 | 2.71 | 4.71 | 5.56 | 6.44 |
| Financial health | ||||||||||
| Total debt | $5.54B | $5.67B | $6.03B | $6.60B | $7.72B | $9.07B | $9.62B | $10.31B | $3.07B | $2.95B |
| Cash & short-term investments | $240.3M | $771.7M | $319.7M | $234.0M | $319.4M | $282.0M | $403.0M | $430.9M | $2.20B | $1.30B |
| Net debt | $5.29B | $4.89B | $5.71B | $6.37B | $7.40B | $8.79B | $9.22B | $9.88B | $871.7M | $1.65B |
| Debt / equity | 0.86 | 0.80 | 0.91 | 1.01 | 1.31 | 1.70 | 1.72 | 1.95 | 0.94 | 0.90 |
| Debt / assets | 0.39 | 0.37 | 0.38 | 0.40 | 0.48 | 0.55 | 0.55 | 0.56 | 0.37 | 0.38 |
| Net debt / EBITDA | 3.78 | 4.70 | 1.66 | 1.55 | 2.58 | 4.79 | 4.99 | 6.30 | 0.56 | 2.34 |
| Current ratio | 2.09 | 2.59 | 1.20 | 0.98 | 1.75 | 0.89 | 1.35 | 0.93 | 1.66 | 3.27 |
| Quick ratio | 1.18 | 1.47 | 0.67 | 0.56 | 1.14 | 0.61 | 0.94 | 0.63 | 1.43 | 2.68 |
| Interest coverage | 2.2 | 1.2 | 13.0 | 15.3 | 7.2 | 2.8 | 1.3 | 1.4 | 4.7 | 1.9 |
| Working capital | $1.24B | $1.84B | $493.6M | −$49.3M | $1.05B | −$264.4M | $579.8M | −$159.7M | $1.34B | $1.60B |
| Invested capital | $11.73B | $11.97B | $12.37B | $12.88B | $13.30B | $14.12B | $14.80B | $15.16B | $4.15B | $4.92B |
| Tangible asset value | −$2.29B | −$2.00B | −$2.80B | −$3.53B | −$4.82B | −$6.13B | −$6.78B | −$8.06B | −$681.2M | −$1.18B |
| Net current asset value | −$5.55B | −$5.30B | −$6.20B | −$6.79B | −$7.85B | −$9.00B | −$9.62B | −$10.85B | −$1.62B | −$2.10B |
| Graham number | $9.87 | — | $30.84 | $32.49 | $23.07 | $11.97 | $16.53 | $13.02 | $8.72 | $7.41 |
| Graham net-net per share | −$11.87 | −$11.84 | −$13.47 | −$14.32 | −$15.47 | −$18.07 | −$20.29 | −$23.24 | −$4.26 | −$5.40 |
| Capital allocation | ||||||||||
| Dividends paid | $1.09B | $975.7M | $911.5M | $695.3M | $503.8M | $388.3M | $350.1M | $344.4M | $337.5M | $315.4M |
| Share buybacks (net) | $182.1M | $96.5M | $982.1M | $945.8M | $425.6M | $0 | $0 | $71.8M | $44.4M | $58.4M |
| Dividend payout ratio | 540.3% | — | 47.8% | 31.1% | 39.2% | 111.1% | 61.4% | 96.8% | 132.1% | 191.6% |
| Dividends + buybacks / free cash flow | 146.3% | 138.9% | 72.6% | 52.4% | 37.6% | 21.3% | 23.7% | 28.8% | 31.5% | 38.0% |
| Capex / revenue | 1.9% | 2.9% | 3.7% | 5.8% | 5.4% | 1.7% | 1.3% | 4.3% | 5.2% | 2.2% |
| Capex / operating cash flow | 9.5% | 14.0% | 9.9% | 13.4% | 13.0% | 4.8% | 4.4% | 13.7% | 14.6% | 7.1% |
| Capex / depreciation | 0.13 | 0.17 | 0.32 | 0.49 | 0.32 | 0.08 | 0.06 | 0.26 | 0.34 | 0.16 |
| Stock-based compensation / revenue | 5.4% | 4.1% | 2.3% | 2.0% | 3.1% | 3.6% | 3.2% | 3.1% | 2.3% | 3.8% |
| R&D / revenue | 23.0% | 22.4% | 14.4% | 13.3% | 14.5% | 15.4% | 16.6% | 15.4% | 13.3% | 16.0% |
| SG&A / revenue | 14.3% | 14.0% | 9.6% | 9.5% | 10.5% | 11.2% | 12.8% | 12.8% | 11.4% | 14.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 61.4 | 76.0 | 58.5 | 51.4 | 55.4 | 64.8 | 62.8 | 49.3 | 47.8 | 41.2 |
| Days of inventory on hand | 213.4 | 246.3 | 182.7 | 145.1 | 116.9 | 119.7 | 125.5 | 89.7 | 104.5 | 80.1 |
| Days payables outstanding | 33.5 | 35.3 | 42.2 | 49.4 | 49.0 | 47.8 | 42.5 | 28.0 | 34.3 | 25.3 |
| Cash conversion cycle (days) | 241.2 | 287.0 | 199.0 | 147.2 | 123.3 | 136.7 | 145.8 | 111.0 | 118.0 | 95.9 |
| Receivables turnover | 5.95 | 4.80 | 6.23 | 7.10 | 6.59 | 5.63 | 5.81 | 7.41 | 7.64 | 8.87 |
| Payables turnover | 10.88 | 10.35 | 8.65 | 7.39 | 7.44 | 7.64 | 8.59 | 13.05 | 10.64 | 14.44 |
| Inventory turnover | 1.71 | 1.48 | 2.00 | 2.52 | 3.12 | 3.05 | 2.91 | 4.07 | 3.49 | 4.56 |
| Asset turnover | 0.32 | 0.28 | 0.47 | 0.52 | 0.42 | 0.32 | 0.29 | 0.40 | 0.50 | 0.51 |
| Average receivables | $792.2M | $916.7M | $1.22B | $1.19B | $1.04B | $965.9M | $907.3M | $722.1M | $521.0M | $384.3M |
| Average payables | $183.1M | $186.8M | $304.9M | $370.8M | $318.6M | $269.6M | $236.6M | $185.2M | $146.7M | $114.3M |
| Average inventory | $1.16B | $1.30B | $1.32B | $1.09B | $759.7M | $675.4M | $698.7M | $594.0M | $446.7M | $362.0M |
| Intangibles / total assets | 60.7% | 59.0% | 59.6% | 61.3% | 66.2% | 69.6% | 71.0% | 72.7% | 48.0% | 57.9% |
Computed from MCHP's annual financial statements (latest annual report filed May 21, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MCHP valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), Microchip traded at 175.1 times earnings, against a 10-year median of 58.3. Based on the latest twelve months, the trailing P/E is 108.6 and the forward P/E is 20.5. Microchip earned a return on equity of 3.0% and a return on invested capital of 3.5% in fiscal 2026. It ended the year with $5.5 billion of debt and $240.3 million in cash and short-term investments, net debt of $5.3 billion. It returned $1.3 billion to shareholders: $1.1 billion in dividends and $182.1 million in share buybacks, 146% of free cash flow. The share count rose 16.7% from 469.6M to 547.9M over 9 years.
See the MCHP income statement, the MCHP chart for price history, or the MCHP stock overview for the latest quote and news.
MCHP key metrics FAQ
What is Microchip's P/E ratio?
Microchip's trailing P/E ratio is 108.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 20.5. At the end of fiscal 2026 it was 175.1, compared with a 10-year median of 58.3.
What is Microchip's EV/EBITDA?
Microchip's enterprise value was 29.1 times EBITDA at the end of fiscal 2026 (enterprise value $40.7 billion, EBITDA $1.4 billion); the current EV/EBITDA is 31.7.
What is Microchip's return on equity?
Microchip's return on equity (ROE) was 3.0% in fiscal 2026: net income of $202.2 million on average shareholders' equity of $6.8 billion.
What is Microchip's ROIC?
Microchip's return on invested capital was 3.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Microchip have?
Microchip had total debt of $5.5 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.86 and $5.3 billion of net debt (3.78 times EBITDA).
What is Microchip's dividend yield?
Microchip's forward dividend yield is 2.46%. Microchip paid $1.1 billion in dividends in fiscal 2026 ($1.99 per share), a payout ratio of 540.3%.
Does Microchip buy back its shares?
Yes. Microchip spent $182.1 million on net share repurchases in fiscal 2026 Shares outstanding changed +2.0% over the year, to 547.9M..
What is Microchip's free cash flow yield?
Microchip generated $871.0 million of free cash flow in fiscal 2026, a free cash flow yield of 2.5% on its market value at year-end ($35.4 billion).
What is Microchip's current ratio?
Microchip's current ratio was 2.09 at the end of fiscal 2026: current assets were 2.09 times current liabilities.