AMAT
Applied Materials
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: AMAT
- PE Ratio
As of Jun 5, 2026, the Applied Materials stock's price-to-earnings ratio is 42.34. This results from the current EPS of $10.7 and stock price of $453.01. The PE ratio has increased by 41% from the past four quarters average of 30.0.
AMAT PE ratio history
The PE ratio of Applied Materials has averaged 19.23 over the last ten years. The current price-to-earnings ratio of 42.34 is 120% more than the historical average. In the past ten years, AMAT's PE ratio reached its highest point in the Apr 2026 quarter at 38.98, when the stock price was $417.04 and the EPS was $10.7. The lowest point was recorded in the Jan 2019 quarter, when it reached 10.65 with a price of $39.19 and an EPS of $3.68.
Applied Materials PE ratio by year
Maximum annual increase: 1,269.56% in 2012
Maximum annual decrease: -71.71% in 2014
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 26.26 | 22.2% | $228.75 | $8.71 |
| 2024 | 21.49 | 33.56% | $186.52 | $8.68 |
| 2023 | 16.09 | 34.31% | $131.3 | $8.16 |
| 2022 | 11.98 | -43.28% | $89.72 | $7.49 |
| 2021 | 21.12 | 36.88% | $136.65 | $6.47 |
| 2020 | 15.43 | -19.97% | $60.95 | $3.95 |
| 2019 | 19.28 | 78.68% | $55.72 | $2.89 |
| 2018 | 10.79 | -37.56% | $32.36 | $3 |
| 2017 | 17.28 | -5.93% | $56.69 | $3.28 |
| 2016 | 18.37 | 26.25% | $28.66 | $1.56 |
| 2015 | 14.55 | -38.99% | $16.44 | $1.13 |
| 2014 | 23.85 | -71.71% | $20.99 | $0.88 |
| 2013 | 84.31 | -28.75% | $17.71 | $0.21 |
| 2012 | 118.33 | 1,269.56% | $10.65 | $0.09 |
| 2011 | 8.64 | -51.02% | $12.62 | $1.46 |
Applied Materials PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Apr 2026 | 38.98 | 18.62% | $417.04 | $10.7 |
| Jan 2026 | 32.86 | 25.13% | $322.38 | $9.81 |
| Oct 2025 | 26.26 | 19.36% | $228.75 | $8.71 |
| Jul 2025 | 22 | 20.02% | $185.69 | $8.44 |
| Apr 2025 | 18.33 | -24.32% | $151.55 | $8.27 |
| Jan 2025 | 24.22 | 12.7% | $186.75 | $7.71 |
| Oct 2024 | 21.49 | -6.65% | $186.52 | $8.68 |
| Jul 2024 | 23.02 | -0.73% | $206.47 | $8.97 |
| Apr 2024 | 23.19 | 18.92% | $203.38 | $8.77 |
| Jan 2024 | 19.5 | 21.19% | $166.9 | $8.56 |
| Oct 2023 | 16.09 | -19.31% | $131.3 | $8.16 |
| Jul 2023 | 19.94 | 34.46% | $151.93 | $7.62 |
| Apr 2023 | 14.83 | -1.13% | $113.03 | $7.62 |
| Jan 2023 | 15 | 25.21% | $112.5 | $7.5 |
| Oct 2022 | 11.98 | -14.85% | $89.72 | $7.49 |
AMAT Price vs fair value
AMAT average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, AMAT's PE ratio is above its 3, 5 and 10-year historical averages.
PE comparison
With a P/E of 42.34, AMAT stands above the Technology sector average but below the industry and its peers average. Looking at its Technology sector average of 35.51, Applied Materials's P/E is 19% higher.
AMAT PE vs peers
AMAT's PE ratio is below its peer stocks LRCX and KLAC. Applied Materials is presently trading at a lower PE ratio (42.34) than its peer group average of 71.77.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AMAT Applied Materials Inc | 46 | $390.76B |
| ACLS Axcelis Technologies Inc | 47.91 | $4.76B |
| KLAC Kla Corp | 59.38 | $275.37B |
| LRCX Lam Research Corp | 60.99 | $405.75B |
| TER Teradyne Inc | 69.13 | $58.65B |
| SNPS Synopsys Inc | 106.88 | $90.66B |
| ASYS Amtech Systems Inc | 109.5 | $285.78M |
Frequently asked questions
What is Applied Materials's PE ratio?
The price to earnings ratio for AMAT stock is 42.34 as of Jun 5, 2026.
What is the 3-year average PE ratio for Applied Materials (AMAT)?
As an average over the last 3 years, AMAT stock has a PE ratio of 23.82.
What is the 5-year average PE ratio for Applied Materials (AMAT)?
As an average over the last 5 years, AMAT stock has a PE ratio of 20.99.
What is the highest PE ratio for AMAT?
Within the last ten years, the current price to earnings ratio is at its peak with a value of 42.34.
How does the current PE ratio for AMAT compare to its historical average?
AMAT's price to earnings ratio is currently 120% above its 10-year historical average.
How is AMAT's PE ratio calculated (Applied Materials PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jun 5, 2026), Applied Materials's stock price is $453.01. The earnings per share for the trailing twelve months (TTM) ending Apr 2026 is $10.7. Therefore, Applied Materials's price to earnings ratio for today is 42.34. PE RATIO(42.34) = STOCK PRICE($453.01) / TTM EPS($10.7)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.