Stock Analysis on Net
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Stock Analysis on Net

Applied Materials Inc. (NASDAQ:AMAT) 

Price to Earnings (P/E)
since 2005

Microsoft Excel

Calculation

Applied Materials Inc., P/E, long-term trends, calculation

Microsoft Excel
P/E = Share price1, 2, 3 ÷ Earnings per share1 (EPS) EPS1 = Net income (loss)1
(in millions)		 ÷ No. shares of common stock outstanding2
Dec 12, 2025 29.37 = 259.21 ÷ 8.83 8.83 = 6,998 ÷ 792,943,366
Dec 13, 2024 19.20 = 169.35 ÷ 8.82 8.82 = 7,177 ÷ 813,684,638
Dec 15, 2023 19.63 = 161.95 ÷ 8.25 8.25 = 6,856 ÷ 831,067,105
Dec 16, 2022 13.55 = 104.73 ÷ 7.73 7.73 = 6,525 ÷ 844,139,722
Dec 17, 2021 22.05 = 146.15 ÷ 6.63 6.63 = 5,888 ÷ 888,513,248
Dec 11, 2020 22.31 = 88.30 ÷ 3.96 3.96 = 3,619 ÷ 914,344,189
Dec 13, 2019 20.25 = 59.87 ÷ 2.96 2.96 = 2,706 ÷ 915,304,098
Dec 13, 2018 9.75 = 33.71 ÷ 3.46 3.46 = 3,313 ÷ 958,606,093
Dec 15, 2017 16.16 = 52.54 ÷ 3.25 3.25 = 3,434 ÷ 1,056,340,714
Dec 15, 2016 20.68 = 33.06 ÷ 1.60 1.60 = 1,721 ÷ 1,076,570,134
Dec 9, 2015 15.88 = 19.03 ÷ 1.20 1.20 = 1,377 ÷ 1,149,133,389
Dec 17, 2014 27.87 = 24.46 ÷ 0.88 0.88 = 1,072 ÷ 1,221,471,983
Dec 4, 2013 78.13 = 16.61 ÷ 0.21 0.21 = 256 ÷ 1,204,183,467
Dec 5, 2012 118.67 = 10.80 ÷ 0.09 0.09 = 109 ÷ 1,197,659,704
Dec 6, 2011 7.52 = 11.09 ÷ 1.48 1.48 = 1,926 ÷ 1,305,637,099
Dec 10, 2010 18.91 = 13.36 ÷ 0.71 0.71 = 938 ÷ 1,327,685,208
Dec 11, 2009 — = 13.38 ÷ -0.23 -0.23 = -305 ÷ 1,341,259,033
Dec 12, 2008 14.45 = 10.45 ÷ 0.72 0.72 = 961 ÷ 1,328,871,245
Dec 14, 2007 14.37 = 17.77 ÷ 1.24 1.24 = 1,710 ÷ 1,382,752,583
Dec 14, 2006 16.71 = 18.20 ÷ 1.09 1.09 = 1,517 ÷ 1,392,743,007
Dec 14, 2005 25.22 = 18.99 ÷ 0.75 0.75 = 1,210 ÷ 1,606,934,422

Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27), 10-K (reporting date: 2018-10-28), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-10-25), 10-K (reporting date: 2014-10-26), 10-K (reporting date: 2013-10-27), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-25), 10-K (reporting date: 2008-10-26), 10-K (reporting date: 2007-10-28), 10-K (reporting date: 2006-10-29), 10-K (reporting date: 2005-10-30).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Applied Materials Inc. Annual Report.

The financial data reflects several notable trends in the share price, earnings per share (EPS), and price-to-earnings (P/E) ratio over a span of two decades.

Share Price
The share price exhibits considerable volatility and overall growth over the observed period. Initially, the price fluctuated around the $10 to $20 range from 2005 through 2013, with some declines notably in 2008 and 2011-2012. From 2013 onward, the share price showed marked appreciation, rising sharply with some fluctuations to reach approximately $259.21 by the end of the period in 2025. This suggests a strong positive market perception or improved company performance during the later years.
Earnings Per Share (EPS)
The EPS shows a general upward trend, though with some significant variability. Early years show fluctuations around the lower range with an unusual dip into negative territory in 2009 (-$0.23), indicating a loss in that year. After this dip, EPS recovered and demonstrated steady growth, particularly from 2014 onwards, reaching a peak of $8.83 in 2025. This growth in EPS indicates improving profitability per share over time.
Price-to-Earnings (P/E) Ratio
The P/E ratio reveals interesting dynamics. It begins relatively high in 2005 at 25.22, then decreases into the teens and single digits in some years, reflecting changes in market valuation relative to earnings earnings. Noteworthy is the extreme spike in P/E to 118.67 in 2012, potentially driven by very low EPS that year (0.09), indicating possible overvaluation or investor expectations of future growth. Subsequent years show fluctuations with a trend toward moderate P/E levels around 15-29, suggesting a balance between price and earnings as profitability improved. The variability of P/E highlights the sensitivity of market valuation to EPS changes and investor sentiment during volatile periods.

Comparison to Competitors

Applied Materials Inc., P/E, long-term trends, comparison to competitors

Microsoft Excel
Applied Materials Inc. Advanced Micro Devices Inc. Analog Devices Inc. Broadcom Inc. Intel Corp. KLA Corp. Lam Research Corp. Micron Technology Inc. NVIDIA Corp. Qualcomm Inc. Texas Instruments Inc.
Dec 12, 2025 29.37 — 54.43 — — 29.72 24.09 24.69 43.95 34.74 —
Dec 13, 2024 19.20 110.61 66.48 175.56 — 34.24 27.05 145.72 56.68 18.95 34.72
Dec 15, 2023 19.63 317.27 27.14 36.78 109.27 20.04 19.26 — 131.70 17.07 22.24
Dec 16, 2022 13.55 96.16 31.21 20.70 14.54 16.89 13.77 6.62 68.08 9.75 18.88
Dec 17, 2021 22.05 45.54 68.31 40.73 10.59 25.97 21.03 13.38 78.54 17.15 20.38
Dec 11, 2020 22.31 41.66 41.43 66.38 11.02 25.92 24.23 21.80 67.59 28.06 27.95
Dec 13, 2019 20.25 169.62 31.04 47.09 13.91 18.44 13.64 7.98 22.77 22.03 24.47
Dec 13, 2018 9.75 68.76 22.17 8.14 10.41 23.02 11.70 3.40 48.05 — 18.05
Dec 15, 2017 16.16 282.39 44.94 63.27 22.15 15.04 15.33 9.20 36.34 31.96 27.77
Dec 15, 2016 20.68 — 26.07 — 16.72 17.19 15.81 — 28.95 17.37 21.45
Dec 9, 2015 15.88 — 27.06 28.48 11.85 22.52 17.37 6.25 19.88 17.18 17.66
Dec 17, 2014 27.87 — 27.51 98.35 13.90 20.53 18.20 11.39 22.17 16.11 21.89
Dec 4, 2013 78.13 — 23.06 23.31 12.80 17.83 66.48 14.78 14.02 17.19 22.29
Dec 5, 2012 118.67 — 18.56 13.97 9.48 11.46 37.82 — 15.69 16.21 21.47
Dec 6, 2011 7.52 10.61 11.45 12.75 10.29 7.61 6.16 32.47 41.12 20.59 17.06
Dec 10, 2010 18.91 13.36 15.08 15.37 10.60 25.53 13.40 4.16 — 22.76 12.93
Dec 11, 2009 — 17.53 35.03 — 26.39 — — — — 46.01 20.53
Dec 12, 2008 14.45 — 6.28 — 12.70 18.23 10.91 — 13.91 17.31 10.17
Dec 14, 2007 14.37 — 18.79 — 16.91 21.96 6.95 — 22.62 19.70 15.55
Dec 14, 2006 16.71 — 20.98 — 23.84 25.83 17.41 25.89 27.68 24.33 10.29
Dec 14, 2005 25.22 118.04 33.33 — 13.93 20.82 13.36 45.76 42.67 30.98 20.56

Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27), 10-K (reporting date: 2018-10-28), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-10-25), 10-K (reporting date: 2014-10-26), 10-K (reporting date: 2013-10-27), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-25), 10-K (reporting date: 2008-10-26), 10-K (reporting date: 2007-10-28), 10-K (reporting date: 2006-10-29), 10-K (reporting date: 2005-10-30).

Comparison to Sector (Semiconductors & Semiconductor Equipment)

Applied Materials Inc., P/E, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel
Applied Materials Inc. Semiconductors & Semiconductor Equipment
Dec 12, 2025 29.37 —
Dec 13, 2024 19.20 78.62
Dec 15, 2023 19.63 48.39
Dec 16, 2022 13.55 22.88
Dec 17, 2021 22.05 24.52
Dec 11, 2020 22.31 25.24
Dec 13, 2019 20.25 19.28
Dec 13, 2018 9.75 13.87
Dec 15, 2017 16.16 24.12
Dec 15, 2016 20.68 25.31
Dec 9, 2015 15.88 15.18
Dec 17, 2014 27.87 17.26
Dec 4, 2013 78.13 17.06
Dec 5, 2012 118.67 15.68
Dec 6, 2011 7.52 12.77
Dec 10, 2010 18.91 13.41
Dec 11, 2009 — 55.64
Dec 12, 2008 14.45 20.73
Dec 14, 2007 14.37 22.62
Dec 14, 2006 16.71 20.07
Dec 14, 2005 25.22 20.37

Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27), 10-K (reporting date: 2018-10-28), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-10-25), 10-K (reporting date: 2014-10-26), 10-K (reporting date: 2013-10-27), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-25), 10-K (reporting date: 2008-10-26), 10-K (reporting date: 2007-10-28), 10-K (reporting date: 2006-10-29), 10-K (reporting date: 2005-10-30).

Comparison to Industry (Information Technology)

Applied Materials Inc., P/E, long-term trends, comparison to industry (information technology)

Microsoft Excel
Applied Materials Inc. Information Technology
Dec 12, 2025 29.37 —
Dec 13, 2024 19.20 45.25
Dec 15, 2023 19.63 36.08
Dec 16, 2022 13.55 26.93
Dec 17, 2021 22.05 29.79
Dec 11, 2020 22.31 31.22
Dec 13, 2019 20.25 23.29
Dec 13, 2018 9.75 23.19
Dec 15, 2017 16.16 23.45
Dec 15, 2016 20.68 19.49
Dec 9, 2015 15.88 16.53
Dec 17, 2014 27.87 17.12
Dec 4, 2013 78.13 14.14
Dec 5, 2012 118.67 14.37
Dec 6, 2011 7.52 13.73
Dec 10, 2010 18.91 14.99
Dec 11, 2009 — 21.45
Dec 12, 2008 14.45 15.68
Dec 14, 2007 14.37 36.28
Dec 14, 2006 16.71 31.95
Dec 14, 2005 25.22 33.66

Based on: 10-K (reporting date: 2025-10-26), 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27), 10-K (reporting date: 2018-10-28), 10-K (reporting date: 2017-10-29), 10-K (reporting date: 2016-10-30), 10-K (reporting date: 2015-10-25), 10-K (reporting date: 2014-10-26), 10-K (reporting date: 2013-10-27), 10-K (reporting date: 2012-10-28), 10-K (reporting date: 2011-10-30), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-25), 10-K (reporting date: 2008-10-26), 10-K (reporting date: 2007-10-28), 10-K (reporting date: 2006-10-29), 10-K (reporting date: 2005-10-30).