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APPLIED MATERIALS INC /DE AMAT

Nasdaq · stock · Semiconductors & Related Devices · website · IPO 1972-10-05

APPLIED MATERIALS INC /DE statistics & valuation

Market cap$497.7B
P / E71.1×
P / S17.5×
P / B24.4×
P / FCF87.3×
Dividend yield0.28%
Net margin24.7%
Return on equity34.3%
FCF margin20.1%
Net cash$786.0M
Net debt / EBITDA-0.1×
Enterprise value USD$496.9B
EV / EBITDA57×
Earnings yield EBIT/EV1.7%
Return on capital29.3%
Graham number -87.2%$70.16

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($70.16); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
15.90% 24.20% 17.60% 18.50% 21.00% 25.50% 25.30% 25.90% 26.40% 24.70% 2016201720182019202020212022202320242025
Gross margin (%)
41.70% 45.50% 43.60% 43.70% 44.70% 47.30% 46.50% 46.70% 47.50% 48.70% 2016201720182019202020212022202320242025
Operating margin (%)
19.90% 27.10% 26.00% 22.90% 25.40% 29.90% 30.20% 28.90% 28.90% 29.20% 2016201720182019202020212022202320242025
Return on equity (%)
23.20% 36.50% 44.40% 32.90% 34.20% 48.10% 53.50% 41.90% 37.80% 34.30% 2016201720182019202020212022202320242025
Shares outstanding
1.12B 1.08B 1.03B 945.0M 923.0M 919.0M 877.0M 845.0M 834.0M 808.0M 2016201720182019202020212022202320242025
Net debt ($)
-$281.0M $294.0M $1.87B $2.18B $97.0M $457.0M $3.46B -$671.0M -$2.56B -$786.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
11.80% 18.10% 17.20% 14.20% 16.20% 22.80% 24.40% 22.30% 20.90% 19.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
21.40% 23.70% 18.30% 19.20% 19.70% 20.70% 17.90% 28.60% 27.60% 20.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.42× 0.55× 0.78× 0.65× 0.52× 0.45× 0.45× 0.33× 0.29× 0.32× 2016201720182019202020212022202320242025
EPS ($)
$1.54 $3.25 $2.96 $2.86 $3.92 $6.40 $7.44 $8.11 $8.61 $8.66 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

APPLIED MATERIALS INC /DE trades at about 63.3× earnings — above its 10-year norm (10-year range 12.6×–29.1×, median 20.3×).

12.6× 63.3×

Shaded band = 10-year range (12.6×–29.1×); dot = today's 63.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin48.7%47.5%46.7%46.5%47.3%44.7%43.7%43.6%45.5%41.7%
Operating margin29.2%28.9%28.9%30.2%29.9%25.4%22.9%26.0%27.1%19.9%
Net margin24.7%26.4%25.9%25.3%25.5%21.0%18.5%17.6%24.2%15.9%
FCF margin20.1%27.6%28.6%17.9%20.7%19.7%19.2%18.3%23.7%21.4%
Return on assets19.3%20.9%22.3%24.4%22.8%16.2%14.2%17.2%18.1%11.8%
Return on equity34.3%37.8%41.9%53.5%48.1%34.2%32.9%44.4%36.5%23.2%
Debt / equity0.32×0.29×0.33×0.45×0.45×0.52×0.65×0.78×0.55×0.42×
Current ratio2.612.512.602.162.543.002.302.703.142.30

Computed from company filings · US · as of 2025-10-26. Facts plus Stocktoria's own computed scores — not investment advice.