Analog Devices, Inc. (ADI) Stock Analysis
Over the past 10 years, Analog Devices (ADI) earnings per share (EPS) grew 7.5% a year, revenue grew 12.4% a year and free cash flow grew 19.0% a year, with an average return on invested capital (ROIC) of 6.8%. ADI stock trades at $395.44, a P/E of 35.1, below its historical average of 50.2. Analysts' average 12-month price target is $480.24 (+21.4%).
Analog Devices, Inc. (ADI) is a technology leader specializing in the conception, production, validation, and global marketing of integrated circuits (ICs), software solutions, and advanced subsystems. Their offerings leverage sophisticated analog, mixed-signal, and digital signal processing technologies.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | 15.6% | 16.1% | -0.3% | B |
| EPS GrowthEPS | 7.5% | 6.8% | 56.4% | A- |
| Revenue GrowthRevenue | 12.4% | 14.5% | 33.6% | A+ |
| Cash Flow GrowthCash Flow | 19.0% | 18.3% | 34.2% | A+ |
| ROICROIC | 6.8% | 5.3% | 5.4% | C+ |
Exhibit B Valuation Ledger
- Current EPS
- $11.26
- Historical Avg P/E
- 50.2
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $16.01 | $16.54 | $28.99 | $30.05 | $31.40 | $32.25 | $94.68 | $69.70 | $70.29 | $70.54 | $68.43 | |
| Basic EPSEPS | $2.23 | $2.79 | $2.32 | $4.04 | $3.69 | $3.31 | $3.50 | $5.29 | $6.60 | $3.30 | $11.26 | |
| RevenueRevenue | $3,435,092,000 | $3,421,409,000 | $5,246,354,000 | $6,224,689,000 | $5,991,065,000 | $5,603,056,000 | $7,318,286,000 | $12,013,953,000 | $12,305,539,000 | $9,427,157,000 | $13,881,744,000 | |
| Free Cash FlowCash Flow | $753,838,000 | $1,153,498,000 | $908,494,000 | $2,187,485,000 | $1,977,728,000 | $1,842,795,000 | $2,391,393,000 | $3,776,094,000 | $3,556,171,000 | $3,122,066,000 | $4,937,495,000 | |
| ROIC (%)ROIC | 11.3% | 12.9% | 5.0% | 8.9% | 7.8% | 6.9% | 3.4% | 6.1% | 7.5% | 4.0% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
54 firms rate it — 45 buy, 9 hold · Most recent Sep 2026
ADI Stock FAQ
What is ADI's stock price target?
The average 12-month analyst price target for ADI is $480.24, with a range of $405.00 to $675.00. That is +21.4% from the current price of $395.44.
Do analysts rate ADI a buy?
Most rate it a buy. Of 54 firms covering Analog Devices, the ratings are 45 buy or strong buy, 9 hold and 0 sell or strong sell.
How fast is Analog Devices growing?
Annual growth rates for ADI. EPS: 7.5% over 10 years, 6.8% over 5 years, 56.4% over 1 year. Revenue: 12.4% over 10 years, 14.5% over 5 years, 33.6% over 1 year. Free cash flow: 19.0% over 10 years, 18.3% over 5 years, 34.2% over 1 year. Book value per share: 15.6% over 10 years, 16.1% over 5 years, -0.3% over 1 year.
What is ADI's ROIC?
Analog Devices' return on invested capital (ROIC) was 4.0% in fiscal 2024. Its 10-year average ROIC is 6.8%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is ADI's P/E ratio?
ADI's current P/E ratio is 35.1, compared with a historical average of 50.2. Trailing earnings per share are $11.26.
What is Analog Devices' market cap and stock price?
ADI last traded at $395.44 as of October 19, 2026. Its 52-week range is $223.47 to $445.91. Analog Devices has a market cap of $191.62B.
Exhibit D Related Coverage
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Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.