KLA Corporation (KLAC) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of KLA Corporation stock $136, price $130, upside +4.9%, quality 61 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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KLA Corporation
KLAC · USThe stock costs about what our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $25.37 – $301.37 · fair‑value band $73.20 – $180.06 · the $129.80 price screens below the $136.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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Company profile
KLA Corporation, together with its subsidiaries, designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide.
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The company operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.
It offers inspection and review tools to identify, locate, characterize, review, and analyze defects on various surfaces of patterned and unpatterned wafers; metrology systems to measure pattern dimensions, film thickness, film stress, layer-to-layer alignment, pattern placement, surface topography, and electro-optical properties for wafers; chemical process control equipment; wired and wireless sensor wafers and reticles; wafer defect inspection, review, and metrology systems; reticle inspection and metrology systems; wafer inspection and metrology systems; and semiconductor software solutions that provide run-time process control, defect excursion identification, process corrections, and defect classification to accelerate yield learning rates and reduce production risk.
The company also provides etch, plasma dicing, deposition, and other wafer processing technologies and solutions for the semiconductor and microelectronics industry.
In addition, it offers direct imaging, inspection, optical shaping, inkjet and additive printing, and computer-aided manufacturing and engineering solutions for the PCB market and inspection and metrology systems for quality control and yield improvement in advanced and traditional semiconductor packaging markets.
The company was formerly known as KLA-Tencor Corporation and changed its name to KLA Corporation in July 2019. KLA Corporation was incorporated in 1975 and is headquartered in Milpitas, California.
Stock analysis
KLA Corporation (KLAC) currently trades at $129.80, while our model-based Fair Value estimate is $136.10, so the stock looks roughly fairly valued today (gap 4.6%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $87.69 per share, and 0 of the 26 models we run sit above the $129.80 price.
Bear case: the Economic Profit group reads lowest at $23.82, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $73.20 (bear) to $180.06 (bull), the price of $129.80 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
KLA Corporation reported revenue of $13.6B in FY2026 versus $9.2B in FY2022, a compound +10.2%/yr. Reported net income was $4.8B in FY2026, compounding +9.8%/yr from FY2022.
Key figures
Market cap $207B Mega · P/E ratio 34.3 · P/S ratio 15.3 · EPS (TTM) $3.78 · Dividend yield 0.6% · Net margin 35.6% · Return on equity 87.5% · Return on assets (EBIT) 29.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 94 out of 100 (medium confidence).
What moves the price
The share trades about 57% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −27% fair-value upside, at 5%, KLAC screens cheaper than that median.
Fair Value models
All 26 models by family
The fair value above starts from this blend and is adjusted for dilution from new shares.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 7 officers or directors sold shares worth $96.5M and none bought.
- SaleRichard P WallacePresident and CEO5× since Nov 11, 2025: 179,414 shares, avg. $339.32$60.9MSep 15, 202610b5-1 plan
- SaleBrian LorigEVP, KLA Global Services59,586 shares at $208.13$12.4MAug 13, 202610b5-1 plan
- SaleBren D. HigginsEVP & Chief Financial Officer3× since Dec 16, 2025: 61,455 shares, avg. $272.70$16.8MAug 12, 202610b5-1 plan
- SaleAhmad A. KhanPresident, Semi. Prod. & Cust.33,180 shares at $198.95$6.6MAug 11, 202610b5-1 plan
- SaleMary Beth WilkinsonEVP, CLO and Secretary5× since Jul 1, 2026: 55,981 shares, avg. $219.36$12.3MAug 10, 202610b5-1 plan
- SaleVirendra A KirloskarSVP & Chief Accounting Officer6× since May 11, 2026: 9,496 shares, avg. $249.99$2.4MAug 10, 2026
- SaleJeneanne Michelle HanleyDirector550 shares at $1,875$1.0MMay 11, 2026
Plus 38 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 5, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
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Compare KLA Corporation with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Semiconductor Equipment & Materials · 233 stocks
Valuation Multiplesvs Semiconductor Equipment & Materials median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Return on equity by industry
- Quality Score by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Lam Research Corporation LRCX | $185.20 | $243.57 | +32% | vs KLAC |
| Applied Materials, Inc AMAT | $319.25 | $368.90 | +16% | vs KLAC |
| Hon. Precision, Inc 7769 | 3,980 TWD | 4,378 TWD | +10% | vs KLAC |
| ASML Holding ASML | €1,250 | €1,345 | +8% | vs KLAC |
| Entegris, Inc ENTG | $124.75 | $91.54 | −27% | vs KLAC |
| Qnity Electronics, Inc Q | $110.04 | $70.48 | −36% | vs KLAC |
| Piotech Inc 688072 | ¥502.84 | ¥320.60 | −36% | vs KLAC |
| Advanced Micro-Fabrication Equipment Inc 688012 | ¥254.00 | ¥123.44 | −51% | vs KLAC |
| Teradyne, Inc TER | $212.74 | $66.14 | −69% | vs KLAC |
| Hangzhou Changchuan Technology Co 300604 | ¥187.22 | ¥45.22 | −76% | vs KLAC |
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