US · USD

AMAT

Applied Materials Inc

$511.38-0.12% (-$0.63)Updated 9/30/26, 5:29 PM

Day's range: $506.78 – $515.42
Day's volume: $3.1B
52-week range: $208.80 – $722.23

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AMAT in numbers

Market cap: $405.8B

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

10/01/202509/30/2026

Compare with

AMAT risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+120.60%	+295.55%	+290.03%
Volatility (annualized)	75.88%	53.37%	49.09%
Largest drawdown	-36.53%	-38.10%	-47.58%
Positive months	9/12	23/36	36/60

How much did investing in AMAT return?

Amount invested

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

Value today in AMAT: $3,900.31

Return over the period: +290.03%

Return per year: +31.31%

In the S&P 500: $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
$11.68
Book value per share
$32.29

Debt

Net debt
-$1.5B
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 $511.38.

Graham's fair price: $92.11; 81.99% below the price

√(22.50 × $11.68 × $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: $21.60; 95.78% below the price

$1.30 (5-year average) ÷ 6%

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

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

AMAT's indicators by year

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

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	29.12	18.44	19.65	12.60	23.75	21.80	20.65	10.33
P/B	9.98	6.96	8.24	6.74	11.42	7.46	6.80	4.59
EV/EBITDA	23.13	15.72	16.33	10.34	19.20	16.58	15.67	6.60
Dividend yield	0.69%	0.93%	0.75%	1.05%	0.60%	1.01%	1.36%	2.14%
Earnings per share	$8.83	$8.82	$8.25	$7.73	$6.63	$3.96	$2.96	$3.17
Book value per share	$25.75	$23.35	$19.67	$14.45	$13.78	$11.57	$8.97	$7.14
ROE	34.28%	37.77%	41.94%	53.51%	48.08%	34.21%	32.94%	44.38%
ROIC	34.01%	42.00%	45.22%	44.37%	48.94%	36.86%	26.39%	38.20%
Gross margin	48.67%	47.46%	46.70%	46.51%	47.32%	44.72%	43.72%	45.00%
EBITDA margin	30.75%	30.39%	30.81%	31.93%	31.58%	27.56%	25.42%	29.62%
Net margin	24.67%	26.41%	25.86%	25.31%	25.53%	21.04%	18.52%	18.19%
Net debt/EBITDA	-0.23	-0.30	-0.16	0.35	-0.00	-0.06	0.62	0.26

AMAT's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$28.4B	$27.2B	$26.5B	$25.8B	$23.1B	$17.2B
Cost of revenue	-$14.6B	-$14.3B	-$14.1B	-$13.8B	-$12.1B	-$9.5B
Gross profit	$13.8B	$12.9B	$12.4B	$12B	$10.9B	$7.7B
EBITDA	$8.7B	$8.3B	$8.2B	$8.2B	$7.3B	$4.7B
EBIT	$8.3B	$7.9B	$7.7B	$7.8B	$6.9B	$4.4B
Financial result	—	—	—	—	—	—
Income before tax	$9.3B	$8.2B	$7.7B	$7.6B	$6.8B	$4.2B
Income tax	-$2.3B	-$975M	-$860M	-$1.1B	-$883M	-$547M
Net income	$7B	$7.2B	$6.9B	$6.5B	$5.9B	$3.6B

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

Does AMAT pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	11/18/2026	12/10/2026	$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
Type	Last day to own	Payment	Per share
Dividend	08/19/2026	09/10/2026	$0.53
Dividend	05/20/2026	06/11/2026	$0.53
Dividend	02/18/2026	03/12/2026	$0.46
Dividend	11/19/2025	12/11/2025	$0.46
Dividend	08/20/2025	09/11/2025	$0.46
Dividend	05/21/2025	06/12/2025	$0.46
Dividend	02/19/2025	03/13/2025	$0.40
Dividend	11/20/2024	12/12/2024	$0.40
Dividend	08/21/2024	09/12/2024	$0.40
Dividend	05/21/2024	06/13/2024	$0.40
Dividend	02/20/2024	03/14/2024	$0.32
Dividend	11/21/2023	12/14/2023	$0.32

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/22/2023	09/14/2023	$0.32
Dividend	05/23/2023	06/15/2023	$0.32
Dividend	02/21/2023	03/16/2023	$0.26
Dividend	11/22/2022	12/15/2022	$0.26
Dividend	08/23/2022	09/15/2022	$0.26
Dividend	05/24/2022	06/16/2022	$0.26
Dividend	02/21/2022	03/16/2022	$0.24
Dividend	11/23/2021	12/16/2021	$0.24
Dividend	08/24/2021	09/16/2021	$0.24
Dividend	05/25/2021	06/17/2021	$0.24
Dividend	02/23/2021	03/18/2021	$0.22
Dividend	11/17/2020	12/10/2020	$0.22
Dividend	08/18/2020	09/10/2020	$0.22
Dividend	05/19/2020	06/11/2020	$0.22
Dividend	02/17/2020	03/11/2020	$0.21
Dividend	11/19/2019	12/12/2019	$0.21
Dividend	08/20/2019	09/12/2019	$0.21
Dividend	05/21/2019	06/13/2019	$0.21
Dividend	02/19/2019	03/14/2019	$0.20
Dividend	11/20/2018	12/13/2018	$0.20
Dividend	08/21/2018	09/13/2018	$0.20
Dividend	05/22/2018	06/14/2018	$0.20
Dividend	02/19/2018	03/14/2018	$0.10
Dividend	11/21/2017	12/14/2017	$0.10
Dividend	08/21/2017	09/14/2017	$0.10
Dividend	05/22/2017	06/15/2017	$0.10
Dividend	02/16/2017	03/15/2017	$0.10
Dividend	11/21/2016	12/15/2016	$0.10

About Applied Materials

Sector: Manufacturing

Questions about AMAT

How much is AMAT today?

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

How much did AMAT pay in dividends in 2025?

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

When is the next AMAT dividend?

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

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 annualized volatility of 75.88% and a largest drawdown of -36.53%.