Applied Materials, Inc. (AMAT) fair value analysis
S&P 500 & Nasdaq · Updated 2026-10-19
AMAT price how computed
Forward Fair Value verdict
OvervaluedAMAT is trading at more than a 25% premium to estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $507.03
- Sector
- Technology
- 12-month range
- $220.23–$723.00
- Market cap
- $402B
- From 52-week high
- -29.9%
- Shares outstanding
- 794M
- Rank in Technology by discount to fair value
- #141 of 181
Last price is our 2026-10-19 weekly price; the chart runs through 2026-10-16.
Applied Materials, Inc. is a manufacturer of equipment and services used in the fabrication of semiconductor devices and other electronic products. The company operates globally, serving customers in the semiconductor industry across North America, Europe, Asia, and other regions worldwide.
AMAT currently ranks #141 of 181 Technology stocks by discount to fair value. It has screened as Overvalued for 14 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $402B
- P/E (trailing)
- 46x
- Revenue (TTM)
- $30.8B
- Net margin
- 30.1%
- EPS (TTM)
- $10.91
- Gross margin
- 50.3%
- Debt / equity
- 0.29
- Revenue growth (3-yr avg)
- 11.9%
- Shares outstanding
- 794M
Derived indicators how computed
- Quality grade
- A
- Margin trend
- Stable
- 52-week position
- The upper-middle quarter of its range
Technicals how computed
- RSI (14-day)
- 41 · neutral
- 50-day average
- $482.21
- 200-day average
- $439.03
- Moving-average state
- 50-day above 200-day (golden cross state); price above both averages
Dividends how computed
- Paid, last 12 months
- $1.98 per share (4 payments)
- Yield on last price
- 0.39%
- Consecutive years of increases
- 8
- Next ex-dividend date
- 2026-11-19
- Last payment date
- 2026-09-10
Earnings how computed
- Next earnings report
- 2026-11-12 (post-market)
- Last 8 quarters vs consensus
- 8 beat, 0 missed
- Quarter by quarter
- 2026-07 ▲ beat (+3.6%)
2026-04 ▲ beat (+6.3%)
2026-01 ▲ beat (+7.7%)
2025-10 ▲ beat (+3.8%)
2025-07 ▲ beat (+5.1%)
2025-04 ▲ beat (+3.5%)
2025-01 ▲ beat (+3.5%)
2024-10 ▲ beat (+5.9%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 33 buy · 7 hold · 0 sell (40 analysts)
- Consensus lean
- Buy-leaning
- Consensus price target
- $628
- Target vs last price
- +23.9%
What our data shows for AMAT
- Our model validated 17 trailing price-to-earnings windows for AMAT, built from quarterly earnings records.
- Shares are trading in the middle of their 12-month price range of $220.23–$723.00.
- The 14-day relative strength index sits at a neutral 41.
The exact numbers are one step away
- The precise Forward Fair Value dollar figure for AMAT
- Exact discount / premium to today's price
- The normalized historical P/E behind the estimate, and how many quarters support it
- Forward EPS input and fiscal-year basis
- Screeners and rankings across the full S&P 500 and Nasdaq universes
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent AMAT news
TickrTrends' derived news-sentiment signal for AMAT is currently leaning positive, computed from recent coverage.
- Capital Group Core Equity (CGUS) Adds NVDA and MSFT on Oct. 19 (gurufocus.com, 2026-10-21)
TickrTrends take: Applied Materials operates in the semiconductor equipment industry, which is deeply interconnected with the technology giants that Capital Group Core Equity added to its portfolio in October. The fund's purchases of NVDA and MSFT suggest ongoing confidence in the artificial intelligence and cloud computing sectors that drive demand for AMAT's manufacturing equipment. Given TickrTrends' assessment that AMAT is currently overvalued, valuation-focused readers should monitor whether the enthusiasm for AI-related technology stocks translates into sustainable equipment demand or represents inflated expectations that could pressure AMAT's multiples downward. - Broadcom vs. Applied Materials: Which Buybacks Are Actually Shrinking the Share Count? (insidermonkey.com, 2026-10-19)
TickrTrends take: Applied Materials operates in the technology sector where capital allocation decisions, including share buybacks, directly influence per-share metrics that underpin valuation assessments. Given TickrTrends' current derived verdict that AMAT is overvalued, the effectiveness of the company's buyback program becomes particularly relevant, as buyback execution can mask or enhance underlying earnings per share growth independent of operational performance. Investors tracking valuation should monitor whether AMAT's share count reduction is delivering tangible value or merely creating an accounting effect on already elevated valuation multiples. - Applied Materials vs. ASML: Which Can Carry a Bigger Research Bill? (insidermonkey.com, 2026-10-19)
TickrTrends take: Applied Materials operates in a capital-intensive technology sector where research and development spending directly impacts competitive positioning and future revenue growth. TickrTrends currently assesses AMAT as overvalued, suggesting the market may not be adequately discounting the substantial ongoing costs required to maintain technological leadership against competitors like ASML. Investors focused on valuation metrics should monitor whether AMAT's R&D expenditure trends justify its current market price or if profitability pressures from elevated research spending could weigh on future earnings.
More AMAT news
- What Is Applied Materials’ (AMAT) Economic Moat, and Is It Widening or Narrowing? (insidermonkey.com, 2026-10-18)
- Lam Research vs. Applied Materials: Which Buybacks Are Better Covered by Cash? (insidermonkey.com, 2026-10-17)
- Lam Research vs. Applied Materials: How Much Protection Does the Installed Base Offer? (insidermonkey.com, 2026-10-17)
- JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) Adds SPCX and AMAT on Tuesday (gurufocus.com, 2026-10-15)
- Anthropic Q3 Revenue Hits $16.8B as U.S. Expands Latin American Military Campaign (thestockmarketwatch.com, 2026-10-14)
- Applied Materials (AMAT) Drops Nearly 7% Amid Continued Stock Slide (gurufocus.com, 2026-10-13)
- Applied Materials Inc (AMAT) Shares Fall 6.7% -- What GF Score of 87 Tells Investors (gurufocus.com, 2026-10-13)
- Applied Materials Opens $5B EPIC Center to Accelerate Semiconductor Innovation (AMAT) (gurufocus.com, 2026-10-12)
What people are saying
Follow the AMAT conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — AMAT's sector discount rank declined this week, moving from 174th to 179th position among Technology sector companies. This shift indicates the stock has become less discounted relative to its peers in the Technology sector. The current valuation verdict for AMAT remains Overvalued according to TickrTrends' derived indicators.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — AMAT's 50/200-day trend state improved this week, shifting from mixed to uptrend, while its sector discount rank moved from 170 to 180 among Technology companies, indicating a slight relative decline in valuation positioning within its sector. Despite the positive trend momentum, AMAT remains categorized as overvalued according to TickrTrends' current valuation verdict.
- 2026-10-06 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-21 — AMAT's sector discount rank improved to 167 this week, moving up from 173 in the previous week, indicating a slight narrowing of its valuation premium relative to other Technology sector companies. Despite this modest improvement in relative positioning, TickrTrends' derived indicators currently assess AMAT as Overvalued.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is AMAT stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), AMAT is trading at more than a 25% premium to estimated fair value and screens as overvalued. The exact fair value and discount are available to subscribers.
What is AMAT's TickrTrends verdict?
AMAT's current verdict is Overvalued, refreshed with every weekly Forward Fair Value run.
How does AMAT compare to other Technology stocks?
AMAT ranks #141 of 181 Technology stocks in TickrTrends' coverage by discount to fair value.
Is AMAT overbought or oversold?
AMAT's 14-day RSI is in neutral territory - neither overbought nor oversold.
Does AMAT pay a dividend?
Yes. AMAT paid $1.98 per share over the last twelve months (4 payments), a 0.39% yield on TickrTrends' last price, and has raised the annual total for 8 consecutive years. The next ex-dividend date on file is 2026-11-19.
When does AMAT report earnings next?
AMAT's next earnings report is scheduled for 2026-11-12 (post-market), per the published earnings calendar.
Does AMAT usually beat earnings estimates?
Over its last 8 reported quarters AMAT beat the consensus estimate 8 times and missed 0 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about AMAT?
Of 40 analysts covering AMAT, 33 rate it a buy, 7 a hold and 0 a sell - buy-leaning, with a consensus price target of $628 (+23.9% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
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