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Applied Materials Valuation Multiples
Discover revenue and EBITDA valuation multiples for Applied Materials and similar public comparables like CATL, Lam Research, Intel, Caterpillar and more.
Applied Materials Overview
About Applied Materials
Applied Materials is the largest semiconductor wafer fabrication equipment manufacturer in the world. It has a broad portfolio spanning nearly every corner of the WFE ecosystem. Applied Materials holds leading market share in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.
Founded
1967
HQ
Employees
36.5K
Website
Financials (LTM)
EV
$308B
Applied Materials Financials
Applied Materials reported last 12-month revenue of $30B and EBITDA of $10B.
In the same LTM period, Applied Materials generated $15B in gross profit, $10B in EBITDA, and $8B in net income.
Revenue (LTM)
Applied Materials P&L
In the most recent fiscal year, Applied Materials reported revenue of $28B and EBITDA of $10B.
Applied Materials expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $30B | XXX | $28B | XXX | XXX | XXX |
| Gross Profit | $15B | XXX | $14B | XXX | XXX | XXX |
| Gross Margin | 49% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $10B | XXX | $10B | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 35% | XXX | XXX | XXX |
| EBIT Margin | 31% | XXX | 30% | XXX | XXX | XXX |
| Net Profit | $8B | XXX | $8B | XXX | XXX | XXX |
| Net Margin | 27% | XXX | 27% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Applied Materials Stock Performance
Applied Materials has current market cap of $309B, and enterprise value of $308B.
Market Cap Evolution
Applied Materials' stock price is $389.90.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $308B | $309B | -1.1% | XXX | XXX | XXX | $9.59 |
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Start Free TrialApplied Materials Valuation Multiples
Applied Materials trades at 10.3x EV/Revenue multiple, and 32.2x EV/EBITDA.
EV / Revenue (LTM)
Applied Materials Financial Valuation Multiples
As of April 17, 2026, Applied Materials has market cap of $309B and EV of $308B.
Equity research analysts estimate Applied Materials' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Applied Materials has a P/E ratio of 37.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $309B | XXX | $309B | XXX | XXX | XXX |
| EV (current) | $308B | XXX | $308B | XXX | XXX | XXX |
| EV/Revenue | 10.3x | XXX | 10.9x | XXX | XXX | XXX |
| EV/EBITDA | 32.2x | XXX | 30.9x | XXX | XXX | XXX |
| EV/EBIT | 33.7x | XXX | 36.0x | XXX | XXX | XXX |
| EV/Gross Profit | 21.1x | XXX | 22.3x | XXX | XXX | XXX |
| P/E | 37.9x | XXX | 40.7x | XXX | XXX | XXX |
| EV/FCF | 52.4x | XXX | 54.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Applied Materials Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Applied Materials Margins & Growth Rates
Applied Materials' revenue in the last 12 month grew by 15%.
Applied Materials' revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.1M for the same period.
Applied Materials' rule of 40 is 46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Applied Materials' rule of X is 64% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Applied Materials Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 35% | XXX | XXX | XXX |
| EBITDA Growth | 21% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 46% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 64% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 12% | XXX | 13% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 19% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Applied Materials Public Comps
See public comps and valuation multiples for other Semiconductors and Industrial Parts comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Applied Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| CATL | XXX | XXX | XXX | XXX | XXX | XXX |
| Lam Research | XXX | XXX | XXX | XXX | XXX | XXX |
| Intel | XXX | XXX | XXX | XXX | XXX | XXX |
| Caterpillar | XXX | XXX | XXX | XXX | XXX | XXX |
| KLA | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Applied Materials M&A Activity
Applied Materials acquired XXX companies to date.
Last acquisition by Applied Materials was on XXXXXXXX, XXXXX. Applied Materials acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Applied Materials
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialApplied Materials Investment Activity
Applied Materials invested in XXX companies to date.
Applied Materials made its latest investment on XXXXXXXX, XXXXX. Applied Materials invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Applied Materials
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Applied Materials
| When was Applied Materials founded? | Applied Materials was founded in 1967. |
| Where is Applied Materials headquartered? | Applied Materials is headquartered in United States. |
| How many employees does Applied Materials have? | As of today, Applied Materials has over 36K employees. |
| Who is the CEO of Applied Materials? | Applied Materials' CEO is Gary E. Dickerson. |
| Is Applied Materials publicly listed? | Yes, Applied Materials is a public company listed on Nasdaq. |
| What is the stock symbol of Applied Materials? | Applied Materials trades under AMAT ticker. |
| When did Applied Materials go public? | Applied Materials went public in 1972. |
| Who are competitors of Applied Materials? | Applied Materials main competitors are CATL, Lam Research, Intel, Caterpillar. |
| What is the current market cap of Applied Materials? | Applied Materials' current market cap is $309B. |
| What is the current revenue of Applied Materials? | Applied Materials' last 12 months revenue is $30B. |
| What is the current revenue growth of Applied Materials? | Applied Materials revenue growth (NTM/LTM) is 15%. |
| What is the current EV/Revenue multiple of Applied Materials? | Current revenue multiple of Applied Materials is 10.3x. |
| Is Applied Materials profitable? | Yes, Applied Materials is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Applied Materials? | Applied Materials' last 12 months EBITDA is $10B. |
| What is Applied Materials' EBITDA margin? | Applied Materials' last 12 months EBITDA margin is 32%. |
| What is the current EV/EBITDA multiple of Applied Materials? | Current EBITDA multiple of Applied Materials is 32.2x. |
| What is the current FCF of Applied Materials? | Applied Materials' last 12 months FCF is $6B. |
| What is Applied Materials' FCF margin? | Applied Materials' last 12 months FCF margin is 20%. |
| What is the current EV/FCF multiple of Applied Materials? | Current FCF multiple of Applied Materials is 52.4x. |
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