As of Aug 21, 2026, AMAT's PEG ratio of 1.1 reflects its valuation relative to its growth rate. This result reflects a P/E ratio of 42.19 measured against EPS growth of 38.3%. When benchmarked against the trailing 4-quarter average of 22.82, AMAT's PEG ratio reflects a 95% decrease.
Applied Materials's ten years historical PEG ratio averages out to 4.71. Compared to historical data, AMAT's 1.1 PEG ratio represents a decrease of 77%. AMAT hit its maximum PEG ratio of 87.53 during the Oct 2025 quarter over the last ten years. The Apr 2017 quarter marked the lowest reading at 0.13, indicating the most attractive growth-adjusted valuation.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 87.53 | 26.26 | 0.3% |
| 2024 | 3.36 | 21.49 | 6.4% |
| 2023 | 1.81 | 16.09 | 8.9% |
| 2022 | 0.76 | 11.98 | 15.8% |
| 2021 | 0.33 | 21.12 | 63.8% |
| 2020 | 0.42 | 15.43 | 36.7% |
| 2019 | N/A | 19.28 | -3.7% |
| 2018 | N/A | 10.79 | -8.5% |
| 2017 | 0.16 | 17.28 | 110.3% |
| 2016 | 0.48 | 18.37 | 38.1% |
| 2015 | 0.51 | 14.55 | 28.4% |
| 2014 | 0.07 | 23.85 | 319% |
| 2013 | 0.63 | 84.31 | 133.3% |
| 2012 | N/A | 118.33 | -93.8% |
| 2011 | 0.08 | 8.64 | 108.6% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Jul 2026 | 1.2 | 45.95 | 38.3% |
| Apr 2026 | 1.33 | 38.98 | 29.4% |
| Jan 2026 | 1.21 | 32.86 | 27.2% |
| Oct 2025 | 87.53 | 26.26 | 0.3% |
| Jul 2025 | N/A | 22 | -5.9% |
| Apr 2025 | N/A | 18.33 | -5.7% |
| Jan 2025 | N/A | 24.22 | -9.9% |
| Oct 2024 | 3.36 | 21.49 | 6.4% |
| Jul 2024 | 1.3 | 23.02 | 17.7% |
| Apr 2024 | 1.54 | 23.19 | 15.1% |
| Jan 2024 | 1.38 | 19.5 | 14.1% |
| Oct 2023 | 1.81 | 16.09 | 8.9% |
| Jul 2023 | 16.62 | 19.94 | 1.2% |
| Apr 2023 | 18.54 | 14.83 | 0.8% |
| Jan 2023 | 4.55 | 15 | 3.3% |
Measured against past performance, AMAT's PEG ratio comes in under the 3, 5 and 10-year averages.
With a PEG of 1.1, AMAT ranks higher than the Technology sector and the industry average but lower than its peers average. In comparison with the Technology sector average of 0.65, Applied Materials's PEG is 69% higher.
Relative to its peers, AMAT's PEG ratio is below LRCX's and KLAC's yet above TER's and ASYS's. Applied Materials's PEG ratio of 1.1 is below the peer average of 1.15.
AMAT's Aug 21, 2026 PEG ratio comes in at 1.1.
Across the past 3 years, AMAT's PEG ratio has centered around 11.18.
Across the past 5 years, AMAT's PEG ratio has centered around 8.38.
In the last ten years, AMAT's peak PEG ratio of 87.53 occurred in the Oct 2025 quarter.
At present, AMAT's PEG ratio runs 77% lower than its 10-year historical average.
PEG equals PE divided by EPS growth rate (YoY TTM). As of Aug 21, 2026, Applied Materials carries a PE ratio of 42.19. Earnings grew at 38.3% over the TTM period ending Jul 2026. Applying the formula, this yields a PEG ratio of 1.1. PEG RATIO(1.1) = PE RATIO(42.19) / EPS GROWTH(38.3%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.