Question 1

What is Applied Materials's P/S ratio?

Accepted Answer

Applied Materials (AMAT) P/S ratio is 15.2× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Applied Materials specifically, the relevant sector benchmark is the current sector median of 5.8×.

Question 5

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

Accepted Answer

Applied Materials's P/S ratio of 15.2× is above its own 5-year average of 5.4× and above the sector median of 5.8×. That places the current reading at the 98th 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/S ratio range?

Accepted Answer

In the available daily series, Applied Materials (AMAT) P/S ratio has ranged from a low of 1.4× in 2011 to a high of 19.9× in 2026. The 5-year average is 5.4× and the 5-year median is 5.2×.

Question 7

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

Accepted Answer

Applied Materials (AMAT) P/S ratio at the end of 2025 was 6.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$184B	$28.4B	6.5×	+0.9×	Oct 26, 2025
2024	$152B	$27.2B	5.6×	+1.5×	Oct 27, 2024
2023	$110B	$26.5B	4.1×	+1.2×	Oct 29, 2023
2022	$75.4B	$25.8B	2.9×	-2.5×	Oct 30, 2022
2021	$125B	$23.1B	5.4×	+2.3×	Oct 31, 2021
2020	$54.4B	$17.2B	3.2×	-0.4×	Oct 25, 2020
2019	$52.4B	$14.6B	3.6×	+1.8×	Oct 27, 2019
2018	$30.3B	$17.3B	1.8×	-2.3×	Oct 28, 2018
2017	$59.5B	$14.5B	4.1×	+1.2×	Oct 29, 2017
2016	$31.4B	$10.8B	2.9×	+0.9×	Oct 30, 2016
2015	$19.4B	$9.66B	2.0×	-0.8×	Oct 25, 2015
2014	$25.7B	$9.07B	2.8×	-0.1×	Oct 26, 2014
2013	$21.7B	$7.51B	2.9×	+1.4×	Oct 27, 2013
2012	$13B	$8.72B	1.5×	-0.1×	Oct 28, 2012
2011	$16.3B	$10.5B	1.5×	-0.2×	Oct 30, 2011
2010	$16.6B	$9.55B	1.7×	-1.7×	Oct 31, 2010
2009	$17.2B	$5.01B	3.4×	+1.6×	Oct 25, 2009
2008	$15.3B	$8.13B	1.9×	-0.9×	Oct 26, 2008
2007	$26.7B	$9.73B	2.7×	-0.2×	Oct 28, 2007
2006	$26.9B	$9.17B	2.9×	-0.9×	Oct 29, 2006
2005	$26.9B	$6.99B	3.9×	+0.5×	Oct 30, 2005
2004	$27B	$8.01B	3.4×	-4.3×	Oct 31, 2004
2003	$34.4B	$4.48B	7.7×	+2.8×	Oct 26, 2003
2002	$24.9B	$5.06B	4.9×	—	Oct 27, 2002


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P/S Ratio for Applied Materials (AMAT) 2002-2026

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

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

About P/S Ratio at Applied Materials (AMAT)

Applied Materials P/S Ratio by Year

Applied Materials P/S Ratio 2025: 6.5×

Applied Materials P/S Ratio 2024: 5.6×

Applied Materials P/S Ratio 2023: 4.1×

Applied Materials P/S Ratio 2022: 2.9×

Applied Materials P/S Ratio 2021: 5.4×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Applied Materials (AMAT) Key Financials