## TXN PE Stream Chart Analysis As of the latest data point (mid-March 2026), TXN's monthly average price stands at approximately **$190.78**, which places it well above the PE_stream_4 boundary of **29.9 times** (~$164.61) and approaching but still below the PE_stream_5 boundary of **35.0 times** (~$192.61). This positions the stock firmly in the **"Overvalued"** zone, trading between the 29.9x and 35.0x PE intervals. Notably, the current price is significantly above the "Fair" boundary of 24.8 times (~$136.61) and the "Watch" boundary of 29.9 times (~$164.61), suggesting that at current levels, investors are paying a meaningful premium relative to TXN's historical earnings-based valuation bands. The stock would need to decline to around $136.61 to re-enter the "Fair" zone, representing a gap of roughly 28% from current prices. From a historical perspective, TXN's valuation trajectory has undergone a notable and dramatic shift over the observed period. In early 2021, the stock traded comfortably in the **"Fair" to "Watch"** zone (between 19.7x and 24.8x), with prices around $146–$165 sitting below the then-higher PE stream boundaries — a reflection of stronger earnings at the time. Through 2021 and into 2022, the PE bands were trending upward, indicating earnings growth, and the stock remained relatively well-anchored in the "Fair" to "Watch" range. However, beginning in late 2022 and accelerating through 2023–2024, the PE stream boundaries began a sustained **downward trend**, signaling a meaningful contraction in TXN's earnings — a hallmark of the semiconductor cycle downturn. As the PE bands fell, the stock price did not decline proportionally, causing TXN to drift progressively higher through the valuation zones. By mid-2024 through early 2026, the stock consistently traded in the **"Overvalued" to near-"Warning"** territory, with prices in the $180–$220 range while the 35.0x boundary had contracted to roughly $192–$194. A brief dip into the "Watch" zone occurred around Q2 2025 (when prices pulled back to ~$152), but the subsequent recovery pushed valuations back into "Overvalued" territory. The overall trend of declining PE stream boundaries combined with resilient stock prices underscores a period of **valuation expansion risk**, and investors should monitor earnings recovery signals before considering new positions at current levels.