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AMAT

Applied Materials Inc

US$511.38-0.12% (-US$0.63)
Day's range
US$506.78 – US$515.42
Day's volume
US$3.1bn
52-week range
US$208.80 – US$722.23

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AMAT in numbers

Market cap
US$405.8bn
P/E
43.79
P/B
15.84
Dividend yield (12m)
0.39%
Net debt/EBITDA
-0.15

The 12-month dividend yield of AMAT is 0.39%, below its 5-year average of 0.80%.

AMAT price history

01/10/202530/09/2026
Compare with

AMAT risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+120.60%+295.55%+290.03%
Volatility (annualised)75.88%53.37%49.09%
Largest drawdown-36.53%-38.10%-47.58%
Positive months9/1223/3636/60

How much did investing in AMAT return?

US$1,000.00 invested on 01/10/2021 would be worth US$3,900.31 today.

Value today in AMAT
US$3,900.31
Return over the period
+290.03%
Return per year
+31.31%
In the S&P 500
US$1,661.44

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

AMAT fundamentals

Valuation

  • P/E
    43.79
  • P/B
    15.84
  • EV/EBITDA
    41.82
  • EV/EBIT
    44.23
  • EV/Revenue
    13.11
  • P/EBIT
    44.40
  • P/S
    13.16
  • P/OCF
    48.34
  • P/FCF
    72.17
  • Earnings yield
    2.26%
  • PEG ratio
    —
  • Earnings per share
    US$11.68
  • Book value per share
    US$32.29

Debt

  • Net debt
    -US$1.5bn
  • Net debt/EBITDA
    -0.15
  • Net debt/Equity
    -0.06
  • Debt/Equity
    0.30
  • Current ratio
    2.42
  • Quick ratio
    1.79
  • Cash ratio
    0.89

Efficiency

  • Gross margin
    49.40%
  • EBITDA margin
    31.35%
  • Operating margin
    29.64%
  • Net margin
    30.05%
  • Asset turnover
    0.71

Profitability

  • ROE
    36.16%
  • ROA
    21.29%
  • ROIC
    32.72%
  • Payout
    16.96%

What is AMAT's fair price?

Two classic value formulas, with today's numbers. The current price is US$511.38.

Graham's fair price
US$92.11
81.99% below the price

√(22.50 × US$11.68 × US$32.29)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$21.60
95.78% below the price

US$1.30 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

AMAT indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E29.1218.4419.6512.6023.7521.8020.6510.33
P/B9.986.968.246.7411.427.466.804.59
EV/EBITDA23.1315.7216.3310.3419.2016.5815.676.60
Dividend yield0.69%0.93%0.75%1.05%0.60%1.01%1.36%2.14%
Earnings per shareUS$8.83US$8.82US$8.25US$7.73US$6.63US$3.96US$2.96US$3.17
Book value per shareUS$25.75US$23.35US$19.67US$14.45US$13.78US$11.57US$8.97US$7.14
ROE34.28%37.77%41.94%53.51%48.08%34.21%32.94%44.38%
ROIC34.01%42.00%45.22%44.37%48.94%36.86%26.39%38.20%
Gross margin48.67%47.46%46.70%46.51%47.32%44.72%43.72%45.00%
EBITDA margin30.75%30.39%30.81%31.93%31.58%27.56%25.42%29.62%
Net margin24.67%26.41%25.86%25.31%25.53%21.04%18.52%18.19%
Net debt/EBITDA-0.23-0.30-0.160.35-0.00-0.060.620.26

AMAT financial statements

Line202520242023202220212020
Net revenueUS$28.4bnUS$27.2bnUS$26.5bnUS$25.8bnUS$23.1bnUS$17.2bn
Cost of sales-US$14.6bn-US$14.3bn-US$14.1bn-US$13.8bn-US$12.1bn-US$9.5bn
Gross profitUS$13.8bnUS$12.9bnUS$12.4bnUS$12bnUS$10.9bnUS$7.7bn
EBITDAUS$8.7bnUS$8.3bnUS$8.2bnUS$8.2bnUS$7.3bnUS$4.7bn
EBITUS$8.3bnUS$7.9bnUS$7.7bnUS$7.8bnUS$6.9bnUS$4.4bn
Net finance result——————
Profit before taxUS$9.3bnUS$8.2bnUS$7.7bnUS$7.6bnUS$6.8bnUS$4.2bn
Income tax-US$2.3bn-US$975m-US$860m-US$1.1bn-US$883m-US$547m
Net incomeUS$7bnUS$7.2bnUS$6.9bnUS$6.5bnUS$5.9bnUS$3.6bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does AMAT pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend18/11/202610/12/2026US$0.53

Dividend yield per year

  • 0.78%2017
  • 2.14%2018
  • 1.36%2019
  • 1.01%2020
  • 0.60%2021
  • 1.05%2022
  • 0.75%2023
  • 0.93%2024
  • 0.69%2025
  • 0.30%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend19/08/202610/09/2026US$0.53
Dividend20/05/202611/06/2026US$0.53
Dividend18/02/202612/03/2026US$0.46
Dividend19/11/202511/12/2025US$0.46
Dividend20/08/202511/09/2025US$0.46
Dividend21/05/202512/06/2025US$0.46
Dividend19/02/202513/03/2025US$0.40
Dividend20/11/202412/12/2024US$0.40
Dividend21/08/202412/09/2024US$0.40
Dividend21/05/202413/06/2024US$0.40
Dividend20/02/202414/03/2024US$0.32
Dividend21/11/202314/12/2023US$0.32
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend22/08/202314/09/2023US$0.32
Dividend23/05/202315/06/2023US$0.32
Dividend21/02/202316/03/2023US$0.26
Dividend22/11/202215/12/2022US$0.26
Dividend23/08/202215/09/2022US$0.26
Dividend24/05/202216/06/2022US$0.26
Dividend21/02/202216/03/2022US$0.24
Dividend23/11/202116/12/2021US$0.24
Dividend24/08/202116/09/2021US$0.24
Dividend25/05/202117/06/2021US$0.24
Dividend23/02/202118/03/2021US$0.22
Dividend17/11/202010/12/2020US$0.22
Dividend18/08/202010/09/2020US$0.22
Dividend19/05/202011/06/2020US$0.22
Dividend17/02/202011/03/2020US$0.21
Dividend19/11/201912/12/2019US$0.21
Dividend20/08/201912/09/2019US$0.21
Dividend21/05/201913/06/2019US$0.21
Dividend19/02/201914/03/2019US$0.20
Dividend20/11/201813/12/2018US$0.20
Dividend21/08/201813/09/2018US$0.20
Dividend22/05/201814/06/2018US$0.20
Dividend19/02/201814/03/2018US$0.10
Dividend21/11/201714/12/2017US$0.10
Dividend21/08/201714/09/2017US$0.10
Dividend22/05/201715/06/2017US$0.10
Dividend16/02/201715/03/2017US$0.10
Dividend21/11/201615/12/2016US$0.10

About Applied Materials

Sector
Manufacturing

Questions about AMAT

How much is AMAT today?

AMAT is at US$511.38 (-0.12% on the day), last traded on 30/09/2026.

How much did AMAT pay in dividends in 2025?

AMAT paid US$1.78 per share in 2025, a dividend yield of 0.69%.

When is the next AMAT dividend?

The next announced payment is US$0.53 per share on 10/12/2026.

What are the P/E and P/B of AMAT?

AMAT trades at a P/E of 43.79 and a P/B of 15.84.

How much did AMAT return in 12 months?

AMAT returned 120.60% in 12 months, with annualised volatility of 75.88% and a largest drawdown of -36.53%.