For questions about this article or underlying research, email [email protected].

KLA (KLAC) stock trades at 37.4 times its earnings over the last twelve months, counted as adjusted profit with stock-based pay added back after tax, and that is a steep price for one year of profit. Set against the profit expected for the current and next fiscal years, the same price looks different. So what are you really paying for the profit KLA is forecast to earn in fiscal 2027 and 2028?

What KLA Stock Costs On Its Forecast Profit

At the November 12 close of $157.30, KLA stock trades at 27.3 times the consensus forecast for fiscal 2027 earnings. That multiple drops to 22.4 times earnings under the forecast for fiscal 2028.

Those two…