As of Q4'25, Texas Instruments (TXN) reports a P/E ratio of 33.83, reflecting a moderate pullback from the recent peak of 37.07 observed in Q3'24. The latest data point indicates that valuation remains elevated compared to historical levels over the covered period. From Q1'23 to Q4'25, the P/E ratio for TXN has shown a generally upward trend, rising from 18.08 to 33.83. The most notable surge occurred between Q4'23 and Q3'24, where the ratio climbed sharply from 22.24 to 37.07, before experiencing some volatility and settling near 34 by the end of 2025. This pattern suggests increasing investor optimism or earnings compression, with significant valuation expansion over the last two years.