AMATApplied Materials

$473.04

Is the price fair?

What AMAT's price assumes

Applied Materials trades at 40.8× earnings against 51.5× for the median Semiconductor Equipment & Materials name, cheaper than its own group.

40.8

Trailing P/E · Semiconductor Equipment & Materials median 51.5 · cheaper than the typical name in its group

Price / sales
11.5

Price / sales · as of 2026-Q2

Free cash flow yield
1.1%

Free cash flow yield · Semiconductor Equipment & Materials median 1.2%

Growth the price implies
+25%

Growth the price implies · The price pays for +25% free cash flow growth a year for a decade; the business has delivered −7.0% a year over the last three.

Details
Price / book2026-Q2
13.9
EV / EBIT2026-Q2
40.0
EV / sales2026-Q2
11.4
Technology median P/E365 names
36.5
Semiconductor Equipment & Materials median P/E23 names
51.5
Free cash flow, trailing twelve months
$5.62B
Market capitalisation
$490.0B
3-year revenue growth
+5.1%
3-year free cash flow growth
−7.0%
AMAT has re-rated away from its own history, so multiplying the old multiple by today's earnings prices a full reversal, not the business
MethodPer share
What its own history would implynot meaningful, 36.2× today against a 17.0× median
52-week range$155.56 – $640.18
Today$473.04

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.