Question 1

What is Applied Materials's P/E ratio?

Accepted Answer

Applied Materials (AMAT) P/E ratio is 42.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Applied Materials?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Applied Materials specifically, the relevant sector benchmark is the current sector median of 29.6×.

Question 5

Is Applied Materials's P/E ratio high or low?

Accepted Answer

Applied Materials's P/E ratio of 42.5× is above its own 5-year average of 20.8× and above the sector median of 29.6×. That places the current reading at the 99th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Applied Materials's historical P/E ratio range?

Accepted Answer

In the available daily series, Applied Materials (AMAT) P/E ratio has ranged from a low of 8.4× in 2011 to a high of 2047.3× in 2009. The 5-year average is 20.8× and the 5-year median is 20.4×.

Question 7

What was Applied Materials's P/E ratio in 2025?

Accepted Answer

Applied Materials (AMAT) P/E ratio at the end of 2025 was 26.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Applied Materials's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$183.68B	$7.00B	26.2×	+5.0×	Oct 26, 2025
2024	$152.35B	$7.18B	21.2×	+5.3×	Oct 27, 2024
2023	$109.54B	$6.86B	16.0×	+4.4×	Oct 29, 2023
2022	$75.40B	$6.53B	11.6×	-9.7×	Oct 30, 2022
2021	$125.28B	$5.89B	21.3×	+6.2×	Oct 31, 2021
2020	$54.39B	$3.62B	15.0×	-4.3×	Oct 25, 2020
2019	$52.39B	$2.71B	19.4×	+10.2×	Oct 27, 2019
2018	$30.31B	$3.31B	9.1×	-8.2×	Oct 28, 2018
2017	$59.48B	$3.43B	17.3×	-0.9×	Oct 29, 2017
2016	$31.44B	$1.72B	18.3×	+4.2×	Oct 30, 2016
2015	$19.43B	$1.38B	14.1×	-9.8×	Oct 25, 2015
2014	$25.67B	$1.07B	23.9×	-60.7×	Oct 26, 2014
2013	$21.67B	$256.00M	84.6×	-34.6×	Oct 27, 2013
2012	$12.99B	$109.00M	119.2×	+110.8×	Oct 28, 2012
2011	$16.25B	$1.93B	8.4×	-9.2×	Oct 30, 2011
2010	$16.58B	$937.87M	17.7×	—	Oct 31, 2010
2009	$17.24B	−$305.33M	—	—	Oct 25, 2009
2008	$15.30B	$960.75M	15.9×	+0.3×	Oct 26, 2008
2007	$26.68B	$1.71B	15.6×	-2.1×	Oct 28, 2007
2006	$26.92B	$1.52B	17.7×	-4.5×	Oct 29, 2006
2005	$26.92B	$1.21B	22.3×	+2.3×	Oct 30, 2005
2004	$26.99B	$1.35B	20.0×	—	Oct 31, 2004
2003	$34.39B	−$149.15M	—	—	Oct 26, 2003
2002	$24.85B	$269.00M	92.4×	—	Oct 27, 2002


NXP Semiconductors (NXPI)	17.9×
Uber (UBER)	17.3×
Broadridge Financial Solutions (BR)	17.2×
NetApp (NTAP)	16.8×
Accenture (ACN)	16.8×
Corpay (CPAY)	16.7×
Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Adobe (ADBE)	14.9×
CDW (CDW)	14.5×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Lyft (LYFT)	1.8×

P/E Ratio for Applied Materials (AMAT)

P/E Ratio daily chart for Applied Materials (AMAT)

Historical P/E Ratio for Applied Materials (AMAT) from 2002 to 2025

About P/E Ratio at Applied Materials (AMAT)

Applied Materials P/E Ratio by Year

Applied Materials P/E Ratio 2025: 26.2×

Applied Materials P/E Ratio 2024: 21.2×

Applied Materials P/E Ratio 2023: 16.0×

Applied Materials P/E Ratio 2022: 11.6×

Applied Materials P/E Ratio 2021: 21.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Applied Materials (AMAT) Key Financials

P/E Ratio daily chart for Applied Materials (AMAT)

Historical P/E Ratio for Applied Materials (AMAT) from 2002 to 2025

About P/E Ratio at Applied Materials (AMAT)

Applied Materials P/E Ratio by Year

Applied Materials P/E Ratio 2025: 26.2×

Applied Materials P/E Ratio 2024: 21.2×

Applied Materials P/E Ratio 2023: 16.0×

Applied Materials P/E Ratio 2022: 11.6×

Applied Materials P/E Ratio 2021: 21.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Applied Materials's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Applied Materials?

+Is Applied Materials's P/E ratio high or low?

+What is Applied Materials's historical P/E ratio range?

+What was Applied Materials's P/E ratio in 2025?

+Why does Applied Materials's P/E ratio change over time?

Applied Materials (AMAT) Key Financials