AMAT

Nasdaq

APPLIED MATERIALS INC /DE

Information Technology, Semiconductor Materials & Equipment

$539.14

close 7 Aug 2026

+192.41%

52-week change

$428.06B

market cap

$154.47

$739.67

52-week range

Expected price

$195.19 – $238.56

Current price

$539.14

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)50.72x

P/S (TTM)14.75x

P/B17.90x

EV/EBITDA (TTM)48.73x

FCF yield (TTM)1.25%

PEG (TTM, GAAP)9.77

Context

P/E, own 5-year average23.26x

P/E, sector median37.34x*

Price at 5-year median P/E$219.87*

Indicated dividend yield0.39%

Forward — analyst consensus

Forward P/E (FY2026)43.85x*

Forward P/E (FY2027)31.62x

Forward PEG1.13*

Consensus EPS FY2026 (34 analysts)$12.29

EPS growth (FY2026→FY2027)38.68%

Revenue growth (FY2026)18.06%

Street view

Price target (mean)$629.06*

Target upside16.68%

Ratings (buy / hold / sell)32 / 7 / 0

FY2026 EPS revisions, 30d (up / down)6 / 1

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 26 Apr 2026, filed 21 May 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +11%10Y CAGR +19.64%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$539.14

Cash & equivalents$6.30B

Total debt$6.46B

Shares outstanding793.96M

Result

DCF price per share$243.23

Current price$539.14

Margin of safety-54.88%

PV of years 1–10$62.31B

PV of terminal value$130.96B

Equity value$193.12B

Market-implied growth+21.40%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$5.93B	$6.58B	$7.31B	$8.11B	$9.00B	$9.99B	$11.09B	$12.31B	$13.67B	$15.17B	$282.73B
PV	$5.49B	$5.64B	$5.80B	$5.96B	$6.13B	$6.30B	$6.47B	$6.65B	$6.84B	$7.03B	$130.96B

period to 26 Apr 2026, filed 21 May 2026, close 7 Aug 2026