US · AMAT
Applied Materials, Inc.
- Sector
- Technology · Semiconductors
- Headquarters
- Santa Clara, CA 95052-3299
- Website
- appliedmaterials.com
Price · as of 2025-10-26
$389.08
Market cap 295.46B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $224.57 | -42.28% |
| Intrinsic Value(DCF) | $123.04 | -68.38% |
| Graham-Dodd Method(GD) | $38.48 | -90.11% |
| Graham Formula(GF) | $107.40 | -72.4% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $8.89 | $35.93 | $111.29 | $8.45 | $26.12 |
| 2012 | $9.83 | $28.73 | $40.91 | $0.00 | $0.00 |
| 2013 | $14.96 | $29.38 | $0.32 | $0.00 | $0.00 |
| 2014 | $21.74 | $37.60 | $2.80 | $2.18 | $24.73 |
| 2015 | $16.60 | $33.05 | $4.32 | $3.21 | $16.17 |
| 2016 | $28.96 | $42.14 | $21.13 | $5.28 | $30.48 |
| 2017 | $49.80 | $64.65 | $214.15 | $15.96 | $138.97 |
| 2018 | $31.23 | $55.83 | $175.28 | $9.47 | $63.40 |
| 2019 | $57.77 | $56.68 | $33.01 | $7.24 | $0.00 |
| 2020 | $82.54 | $80.90 | $26.84 | $14.63 | $99.39 |
| 2021 | $145.27 | $133.25 | $161.19 | $28.17 | $263.03 |
| 2022 | $101.37 | $118.46 | $278.40 | $32.17 | $145.46 |
| 2023 | $146.20 | $161.42 | $263.13 | $38.42 | $88.22 |
| 2024 | $168.16 | $177.65 | $39.52 | $40.23 | $90.48 |
| 2025 | $268.54 | $224.57 | $28.32 | $38.48 | $107.40 |
AI valuation
Our deep-learning model estimates Applied Materials, Inc.'s (AMAT) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $224.57
- Current price
- $389.08
- AI upside
- -42.28%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$123.04
-68.38% upside
Graham-Dodd
$38.48
-90.11% upside
Graham Formula
$107.40
-72.4% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| AMAT | Applied Materials, Inc. | $389.08 | 295.46B | -42% | -68% | -90% | -72% | 30.85 | 10.58 | 7.61 | 22.22 | 5312.71 | 13.10 | 48.67% | 29.22% | 24.67% | 35.51% | 35.73% | 19.79% | 0.35 | 30.81 | 2.61 | 1.74 | -0.02 | 58.00% | 439.00% | -2389.00% | 2.64% | 0.99 | 32.53% | 0.64% | 19.80% | 2.91% | 25.86 | 37.62 | 7.56 | 12.25 |
| ARM | Arm Holdings plc American… | $127.45 | 135.35B | -32% | -40% | -93% | -82% | 176.47 | 20.44 | 34.88 | 152.06 | 111.25 | 27.58 | 94.86% | 20.64% | 19.77% | 13.05% | 23.74% | 9.40% | 0.05 | — | 5.20 | 5.08 | -1.91 | 15862.00% | 2394.00% | -8120.00% | 0.13% | 0.43 | 5.11% | 0.00% | 0.00% | 0.02% | 166.02 | 771.33 | 34.26 | 41.90 |
| INTC | Intel Corporation | $45.61 | 227.82B | -31% | -48% | -60% | — | 8498.00 | 1.93 | 4.18 | 16.03 | — | 2.52 | 34.77% | -0.04% | -0.51% | 0.02% | -0.01% | 0.01% | 0.41 | -0.02 | 2.02 | 1.31 | 2.25 | -9866.00% | -47.00% | -6839.00% | -2.24% | 0.31 | -3.95% | 0.00% | 0.00% | 4.27% | -10005.09 | -46.50 | 4.35 | 2.31 |
| INTU | Intuit Inc. | $409.03 | 113.87B | +11% | +17% | -94% | -22% | 46.28 | 9.08 | 9.51 | 30.75 | 148.97 | 418.33 | 80.76% | 26.14% | 20.55% | 20.29% | 18.44% | 11.20% | 0.34 | 19.93 | 1.36 | 0.63 | 0.64 | 3106.00% | 1563.00% | 3127.00% | 3.40% | 0.60 | 28.47% | 0.66% | 30.70% | 2.21% | 36.79 | 29.78 | 9.62 | 8.04 |
| KLAC | KLA Corporation | $1,524.55 | 200.31B | -61% | -57% | -95% | -38% | 29.56 | 25.58 | 9.88 | 22.78 | 59.41 | 48.89 | 62.32% | 43.11% | 33.41% | 100.78% | 76.58% | 25.79% | 1.30 | 17.34 | 2.62 | 1.70 | 0.75 | 4975.00% | 2389.00% | 2344.00% | 3.12% | 1.00 | 62.52% | 0.75% | 22.30% | 3.24% | 23.21 | 32.51 | 10.01 | 8.85 |
| LRCX | Lam Research Corporation | $233.89 | 292.08B | -62% | -62% | -94% | -45% | 24.62 | 13.38 | 7.16 | 20.54 | 57.12 | 16.38 | 48.71% | 32.01% | 29.06% | 58.24% | 66.74% | 26.73% | 0.48 | 33.11 | 2.21 | 1.49 | -0.26 | 4310.00% | 2368.00% | 2722.00% | 4.10% | 0.94 | 68.09% | 0.87% | 21.50% | 4.05% | 22.08 | 24.07 | 7.07 | 11.02 |
| MU | Micron Technology, Inc. | $412.37 | 464.13B | -59% | -62% | -81% | +2% | 31.08 | 4.90 | 7.10 | 14.62 | 3.16 | 5.05 | 39.79% | 26.41% | 22.84% | 17.20% | 15.83% | 11.22% | 0.28 | 20.69 | 2.52 | 1.71 | 0.30 | 98429.00% | 4885.00% | 127851.00% | 0.63% | 1.53 | 3.03% | 0.20% | 6.10% | 0.70% | 27.39 | 162.10 | 7.23 | 7.48 |
| NOW | ServiceNow, Inc. | $108.01 | 112.98B | -12% | +71% | -84% | -56% | 64.91 | 8.75 | 8.55 | 36.81 | 296.44 | 13.73 | 77.53% | 13.74% | 13.16% | 15.49% | 17.62% | 7.53% | 0.25 | — | 0.95 | 0.85 | -0.17 | 2190.00% | 2088.00% | 3400.00% | 4.03% | 0.52 | 57.17% | 0.00% | 0.00% | 2.06% | 60.52 | 24.12 | 8.31 | 6.20 |
| QCOM | QUALCOMM Incorporated | $142.36 | 152.05B | +9% | -23% | — | -25% | 34.40 | 8.99 | 4.30 | 13.03 | — | 21.91 | 55.43% | 27.90% | 12.51% | 23.34% | 20.20% | 10.52% | 0.77 | 18.61 | 2.82 | 1.84 | 0.57 | -4421.00% | 1366.00% | 1486.00% | 6.73% | 1.53 | 47.91% | 2.00% | 68.70% | 6.61% | 15.74 | 15.17 | 4.39 | 6.62 |
| SONY | Sony Group Corporation | $23.06 | 137.62B | -34% | -38% | -49% | -58% | 16.36 | 2.95 | 1.86 | 13.71 | 83.53 | 6.43 | 28.38% | 10.86% | 8.81% | 18.69% | 12.12% | 4.25% | 0.51 | 34.43 | 0.70 | 0.50 | 0.67 | 1959.00% | -49.00% | 12344.00% | 6.94% | 0.22 | 18.32% | 0.48% | 7.80% | 5.66% | 17.67 | 14.85 | 1.92 | 1.19 |
| TXN | Texas Instruments Incorpo… | $212.11 | 192.73B | -30% | -60% | — | -47% | 38.14 | 11.72 | 10.79 | 24.39 | 793.26 | 16.29 | 57.02% | 34.06% | 28.28% | 30.15% | 20.63% | 14.27% | 0.95 | 11.09 | 4.35 | 2.17 | 1.47 | 481.00% | 1305.00% | 7377.00% | 1.36% | 2.26 | 10.18% | 2.62% | 100.00% | 3.40% | 33.41 | 77.31 | 11.38 | 9.82 |
About Applied Materials, Inc.
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. The company operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. Applied Materials, Inc. was incorporated in 1967 and is headquartered in Santa Clara, California.
- CEO
- Gary E. Dickerson
- Employees
- 36K
- Beta
- 1.68
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($123.04 ÷ $389.08) − 1 = -68.38% (DCF, example).