Stock Analysis on Net
Stock Analysis on Net

Applied Materials Inc. (NASDAQ:AMAT)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Beginner level

Historical Valuation Ratios (Summary)

Applied Materials Inc., historical price multiples (quarterly data)

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019 Jan 27, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018 Jan 28, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Oct 25, 2015 Jul 26, 2015 Apr 26, 2015 Jan 25, 2015
Price to earnings (P/E) 27.11 22.31 18.29 17.29 21.57 20.25 15.06 10.73 9.34 9.75 12.30 16.14 20.56 16.16 15.23 18.31 18.26 20.68 22.15 20.33 16.24 15.88
Price to operating profit (P/OP) 22.70 18.50 14.76 13.85 17.50 16.36 12.41 9.45 8.18 6.74 8.62 11.02 13.84 14.35 13.15 15.51 14.99 16.54 17.82 16.17 13.44 12.92
Price to sales (P/S) 5.74 4.69 3.58 3.27 4.06 3.75 2.92 2.37 2.19 1.87 2.44 3.10 3.81 3.82 3.36 3.74 3.30 3.29 3.24 2.70 2.23 2.26
Price to book value (P/BV) 9.11 7.63 6.09 5.59 7.04 6.67 5.35 4.56 4.49 4.73 6.16 7.27 6.93 5.94 5.35 5.89 5.08 4.93 4.70 3.94 2.98 2.87 2.41 2.97 3.79

Based on: 10-Q (filing date: 2021-02-25), 10-K (filing date: 2020-12-11), 10-Q (filing date: 2020-08-20), 10-Q (filing date: 2020-05-21), 10-Q (filing date: 2020-02-20), 10-K (filing date: 2019-12-13), 10-Q (filing date: 2019-08-22), 10-Q (filing date: 2019-05-23), 10-Q (filing date: 2019-02-21), 10-K (filing date: 2018-12-13), 10-Q (filing date: 2018-08-23), 10-Q (filing date: 2018-05-24), 10-Q (filing date: 2018-02-22), 10-K (filing date: 2017-12-15), 10-Q (filing date: 2017-08-24), 10-Q (filing date: 2017-05-25), 10-Q (filing date: 2017-02-23), 10-K (filing date: 2016-12-15), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-Q (filing date: 2016-02-25), 10-K (filing date: 2015-12-09), 10-Q (filing date: 2015-08-20), 10-Q (filing date: 2015-05-21), 10-Q (filing date: 2015-02-19).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Applied Materials Inc.’s P/E ratio increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Applied Materials Inc.’s P/OP ratio increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Applied Materials Inc.’s P/S ratio increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Applied Materials Inc.’s P/BV ratio increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Price to Earnings (P/E)

Applied Materials Inc., historical P/E calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019 Jan 27, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018 Jan 28, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Oct 25, 2015 Jul 26, 2015 Apr 26, 2015 Jan 25, 2015
No. shares of common stock outstanding1 917,660,832 914,344,189 913,282,764 916,479,293 918,305,114 915,304,098 923,753,756 936,104,929 949,392,609 958,606,093 982,990,521 1,008,047,762 1,050,687,501 1,056,340,714 1,066,487,165 1,074,631,708 1,079,831,003 1,076,570,134 1,080,893,856 1,089,143,904 1,130,724,579 1,149,133,389 1,200,619,417 1,231,598,278 1,228,696,722
Selected Financial Data (US$)
Net income (in millions) 1,130  1,131  841  755  892  698  571  666  771  876  1,173  1,129  135  982  925  824  703  610  505  320  286  336  329  364  348 
Earnings per share (EPS)2 4.20 3.96 3.49 3.18 3.08 2.96 3.12 3.72 4.16 3.46 3.48 3.15 2.73 3.25 2.87 2.46 1.98 1.60 1.34 1.17 1.16 1.20 0.00 0.00 0.00
Share price1, 3 113.93 88.30 63.79 55.02 66.40 59.87 47.03 39.94 38.83 33.71 42.79 50.77 56.07 52.54 43.72 45.02 36.16 33.06 29.65 23.73 18.89 19.03 15.98 20.15 24.93
Valuation Ratio
P/E ratio4 27.11 22.31 18.29 17.29 21.57 20.25 15.06 10.73 9.34 9.75 12.30 16.14 20.56 16.16 15.23 18.31 18.26 20.68 22.15 20.33 16.24 15.88
Benchmarks
P/E Ratio, Competitors5
Advanced Micro Devices Inc. 41.66 104.54 146.69 129.05 169.62 176.53 173.06 106.61 68.76 50.55 55.68 53.78 282.39
Analog Devices Inc. 41.93 41.43 39.23 37.97 37.64 31.04 26.42 23.89 24.87 22.17 25.81 33.09 42.83 44.94 45.55 37.59 27.60 26.07 29.83 26.48 23.95 27.06
Apple Inc. 36.00 32.24 31.11 21.90 24.67 20.00 17.29 16.94 13.11 16.07 17.34 16.28 16.12 18.32 17.40 16.77 14.94 13.49 11.61 10.57 9.64 12.46
Broadcom Inc. 50.39 66.37 65.22 51.78 36.94 47.09 38.49 30.48 17.68 8.14 8.34 10.57 14.31 63.27 190.51 40.57 28.48
Cisco Systems Inc. 16.91 15.46 17.64 17.87 17.54 17.69 18.30 16.99 158.12 1,964.84 18.72 16.37 15.88 17.38 14.11 14.69 13.98 12.87 14.50 14.82
Intel Corp. 11.02 9.00 9.09 11.04 13.91 12.70 11.57 11.41 10.41 13.75 16.54 22.16 22.15 13.97 12.93 15.69 16.72
Lam Research Corp. 18.98 24.22 18.13 22.89 18.89 13.64 11.64 8.99 9.78 11.70 16.16 18.51 16.47 15.33 16.07 18.91 17.96 15.82 16.28 13.36 15.05 17.38
Micron Technology Inc. 28.88 21.80 25.33 21.69 17.42 7.98 4.06 3.73 2.39 3.40 5.44 6.29 6.97 9.20 13.04 46.07 33.37 10.38 6.58 6.25
NVIDIA Corp. 65.04 67.57 53.25 33.04 29.64 22.80 26.30 36.38 38.93 48.05 50.69 43.50 41.49 36.34 41.41 36.46 35.06 28.97
Qualcomm Inc. 27.40 28.06 38.25 21.95 24.49 22.03 26.26 42.74 28.15 31.96 21.51 17.37 17.19 17.37 15.92 15.59 14.81 17.18
Texas Instruments Inc. 27.95 26.95 24.04 20.66 24.47 21.27 21.89 20.36 18.05 19.49 24.79 25.03 27.77 21.75 19.56 20.48 21.45

Based on: 10-Q (filing date: 2021-02-25), 10-K (filing date: 2020-12-11), 10-Q (filing date: 2020-08-20), 10-Q (filing date: 2020-05-21), 10-Q (filing date: 2020-02-20), 10-K (filing date: 2019-12-13), 10-Q (filing date: 2019-08-22), 10-Q (filing date: 2019-05-23), 10-Q (filing date: 2019-02-21), 10-K (filing date: 2018-12-13), 10-Q (filing date: 2018-08-23), 10-Q (filing date: 2018-05-24), 10-Q (filing date: 2018-02-22), 10-K (filing date: 2017-12-15), 10-Q (filing date: 2017-08-24), 10-Q (filing date: 2017-05-25), 10-Q (filing date: 2017-02-23), 10-K (filing date: 2016-12-15), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-Q (filing date: 2016-02-25), 10-K (filing date: 2015-12-09), 10-Q (filing date: 2015-08-20), 10-Q (filing date: 2015-05-21), 10-Q (filing date: 2015-02-19).

1 Data adjusted for splits and stock dividends.

2 Q1 2021 Calculation
EPS = (Net incomeQ1 2021 + Net incomeQ4 2020 + Net incomeQ3 2020 + Net incomeQ2 2020) ÷ No. shares of common stock outstanding
= (1,130,000,000 + 1,131,000,000 + 841,000,000 + 755,000,000) ÷ 917,660,832 = 4.20

3 Closing price as at the filing date of Applied Materials Inc.’s Quarterly or Annual Report.

4 Q1 2021 Calculation
P/E ratio = Share price ÷ EPS
= 113.93 ÷ 4.20 = 27.11

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Applied Materials Inc.’s P/E ratio increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Price to Operating Profit (P/OP)

Applied Materials Inc., historical P/OP calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019 Jan 27, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018 Jan 28, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Oct 25, 2015 Jul 26, 2015 Apr 26, 2015 Jan 25, 2015
No. shares of common stock outstanding1 917,660,832 914,344,189 913,282,764 916,479,293 918,305,114 915,304,098 923,753,756 936,104,929 949,392,609 958,606,093 982,990,521 1,008,047,762 1,050,687,501 1,056,340,714 1,066,487,165 1,074,631,708 1,079,831,003 1,076,570,134 1,080,893,856 1,089,143,904 1,130,724,579 1,149,133,389 1,200,619,417 1,231,598,278 1,228,696,722
Selected Financial Data (US$)
Income from operations (in millions) 1,283  1,283  1,108  932  1,042  864  802  776  908  1,016  1,257  1,327  1,196  1,098  1,023  940  807  777  596  425  354  423  396  416  458 
Operating profit per share2 5.02 4.77 4.32 3.97 3.79 3.66 3.79 4.23 4.75 5.00 4.96 4.61 4.05 3.66 3.33 2.90 2.41 2.00 1.66 1.47 1.41 1.47 0.00 0.00 0.00
Share price1, 3 113.93 88.30 63.79 55.02 66.40 59.87 47.03 39.94 38.83 33.71 42.79 50.77 56.07 52.54 43.72 45.02 36.16 33.06 29.65 23.73 18.89 19.03 15.98 20.15 24.93
Valuation Ratio
P/OP ratio4 22.70 18.50 14.76 13.85 17.50 16.36 12.41 9.45 8.18 6.74 8.62 11.02 13.84 14.35 13.15 15.51 14.99 16.54 17.82 16.17 13.44 12.92
Benchmarks
P/OP Ratio, Competitors5
Advanced Micro Devices Inc. 75.77 80.11 101.06 81.62 91.66 118.63 120.20 78.58 51.38 36.04 38.08 30.01 59.52 87.97
Analog Devices Inc. 34.90 33.76 31.72 30.10 29.85 24.74 21.27 19.35 20.36 17.62 20.03 23.29 27.92 30.97 31.93 30.33 22.95 21.85 25.32 22.10 19.99 22.69
Apple Inc. 31.00 27.92 27.07 19.10 21.45 17.29 14.94 14.79 11.46 13.49 14.33 13.14 12.67 14.44 13.53 12.93 11.41 10.27 8.82 8.01 7.28 9.34
Broadcom Inc. 35.86 44.03 41.08 35.53 25.99 36.85 28.49 23.44 24.21 19.42 22.97 32.67 39.00 44.93 50.07 94.49 226.20 33.05 23.80
Cisco Systems Inc. 14.03 12.73 13.53 13.95 13.79 14.46 17.44 16.19 14.97 17.56 17.11 17.64 15.29 13.14 12.97 14.18 12.04 12.46 11.70 10.92 12.07 12.36
Intel Corp. 9.72 8.03 8.28 10.08 13.29 11.44 10.22 10.20 9.40 9.27 10.86 13.07 11.86 11.34 10.01 12.68 13.40
Lam Research Corp. 15.99 20.40 14.99 19.68 16.64 12.12 11.10 8.51 7.30 8.66 10.64 12.08 14.63 13.68 14.34 15.04 15.14 13.46 13.39 11.29 12.66 14.45
Micron Technology Inc. 25.85 19.51 22.93 19.03 14.79 6.83 3.68 3.47 2.25 3.20 5.05 5.65 6.15 7.98 9.98 23.62 83.51 106.63 19.43 8.65 6.45 6.04
NVIDIA Corp. 62.32 66.38 59.72 39.72 34.03 24.82 26.94 35.41 37.29 45.61 45.62 38.06 36.35 31.30 34.79 31.84 29.56 23.81
Qualcomm Inc. 23.79 23.32 29.96 11.05 13.01 12.60 14.09 54.63 42.67 103.26 50.49 46.77 54.17 30.15 20.53 15.86 15.04 15.26 14.10 13.97 13.17 15.68
Texas Instruments Inc. 26.53 25.17 22.86 18.39 21.46 18.41 18.41 16.89 15.00 13.51 16.50 15.90 16.81 16.34 14.79 15.64 16.07

Based on: 10-Q (filing date: 2021-02-25), 10-K (filing date: 2020-12-11), 10-Q (filing date: 2020-08-20), 10-Q (filing date: 2020-05-21), 10-Q (filing date: 2020-02-20), 10-K (filing date: 2019-12-13), 10-Q (filing date: 2019-08-22), 10-Q (filing date: 2019-05-23), 10-Q (filing date: 2019-02-21), 10-K (filing date: 2018-12-13), 10-Q (filing date: 2018-08-23), 10-Q (filing date: 2018-05-24), 10-Q (filing date: 2018-02-22), 10-K (filing date: 2017-12-15), 10-Q (filing date: 2017-08-24), 10-Q (filing date: 2017-05-25), 10-Q (filing date: 2017-02-23), 10-K (filing date: 2016-12-15), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-Q (filing date: 2016-02-25), 10-K (filing date: 2015-12-09), 10-Q (filing date: 2015-08-20), 10-Q (filing date: 2015-05-21), 10-Q (filing date: 2015-02-19).

1 Data adjusted for splits and stock dividends.

2 Q1 2021 Calculation
Operating profit per share = (Income from operationsQ1 2021 + Income from operationsQ4 2020 + Income from operationsQ3 2020 + Income from operationsQ2 2020) ÷ No. shares of common stock outstanding
= (1,283,000,000 + 1,283,000,000 + 1,108,000,000 + 932,000,000) ÷ 917,660,832 = 5.02

3 Closing price as at the filing date of Applied Materials Inc.’s Quarterly or Annual Report.

4 Q1 2021 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 113.93 ÷ 5.02 = 22.70

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Applied Materials Inc.’s P/OP ratio increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Price to Sales (P/S)

Applied Materials Inc., historical P/S calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019 Jan 27, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018 Jan 28, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Oct 25, 2015 Jul 26, 2015 Apr 26, 2015 Jan 25, 2015
No. shares of common stock outstanding1 917,660,832 914,344,189 913,282,764 916,479,293 918,305,114 915,304,098 923,753,756 936,104,929 949,392,609 958,606,093 982,990,521 1,008,047,762 1,050,687,501 1,056,340,714 1,066,487,165 1,074,631,708 1,079,831,003 1,076,570,134 1,080,893,856 1,089,143,904 1,130,724,579 1,149,133,389 1,200,619,417 1,231,598,278 1,228,696,722
Selected Financial Data (US$)
Net sales (in millions) 5,162  4,688  4,395  3,957  4,162  3,754  3,562  3,539  3,753  4,014  4,468  4,567  4,204  3,969  3,744  3,546  3,278  3,297  2,821  2,450  2,257  2,368  2,490  2,442  2,359 
Sales per share2 19.84 18.81 17.81 16.84 16.35 15.96 16.10 16.85 17.70 18.00 17.51 16.35 14.72 13.76 13.00 12.04 10.97 10.06 9.16 8.78 8.45 8.41 0.00 0.00 0.00
Share price1, 3 113.93 88.30 63.79 55.02 66.40 59.87 47.03 39.94 38.83 33.71 42.79 50.77 56.07 52.54 43.72 45.02 36.16 33.06 29.65 23.73 18.89 19.03 15.98 20.15 24.93
Valuation Ratio
P/S ratio4 5.74 4.69 3.58 3.27 4.06 3.75 2.92 2.37 2.19 1.87 2.44 3.10 3.81 3.82 3.36 3.74 3.30 3.29 3.24 2.70 2.23 2.26
Benchmarks
P/S Ratio, Competitors5
Advanced Micro Devices Inc. 10.63 10.63 11.68 8.67 8.59 6.13 5.63 4.75 3.58 2.78 2.81 1.77 2.28 2.11 2.71 2.14 3.08
Analog Devices Inc. 10.06 9.03 7.90 7.61 7.93 7.06 6.53 6.01 6.32 5.35 5.92 5.86 5.91 6.40 6.74 7.86 6.94 6.57 5.81 5.06 4.76 5.49
Apple Inc. 7.82 6.74 6.64 4.68 5.30 4.25 3.72 3.75 2.98 3.60 3.81 3.51 3.41 3.86 3.63 3.48 3.10 2.86 2.52 2.36 2.20 2.85
Broadcom Inc. 7.46 7.40 6.27 5.28 4.13 5.62 5.17 4.85 5.39 4.78 4.81 5.90 5.84 6.07 5.94 6.38 5.71 5.48 6.11 7.31 8.10 5.69
Cisco Systems Inc. 3.68 3.52 3.76 3.83 3.71 3.96 4.71 4.30 3.98 4.38 4.22 4.41 3.79 3.28 3.27 3.52 3.07 3.20 2.90 2.68 2.80 2.71
Intel Corp. 2.96 2.53 2.73 3.31 4.07 3.49 3.25 3.31 3.09 3.01 3.32 3.84 3.39 3.12 2.66 2.91 2.90
Lam Research Corp. 4.48 5.43 3.95 4.96 4.23 3.10 2.99 2.40 2.08 2.51 2.96 3.26 3.76 3.25 3.19 2.96 2.70 2.46 2.20 1.92 2.12 2.17
Micron Technology Inc. 3.93 2.73 2.83 2.54 2.96 2.15 1.52 1.62 1.12 1.58 2.36 2.43 2.28 2.30 1.91 2.15 1.89 1.44 0.95 0.81 0.92 1.12
NVIDIA Corp. 18.33 17.30 12.82 8.90 9.09 8.06 9.94 13.18 13.41 15.07 14.59 11.92 10.81 8.76 8.22 6.19 4.67 3.55
Qualcomm Inc. 6.91 6.20 5.25 3.59 4.24 3.98 3.52 4.95 2.82 3.37 3.82 3.26 4.52 3.54 3.71 3.34 3.53 4.21 3.60 3.38 2.97 3.58
Texas Instruments Inc. 10.81 9.77 8.87 7.28 8.54 7.48 7.66 7.09 6.38 5.77 6.96 6.61 6.83 6.52 5.68 5.77 5.77

Based on: 10-Q (filing date: 2021-02-25), 10-K (filing date: 2020-12-11), 10-Q (filing date: 2020-08-20), 10-Q (filing date: 2020-05-21), 10-Q (filing date: 2020-02-20), 10-K (filing date: 2019-12-13), 10-Q (filing date: 2019-08-22), 10-Q (filing date: 2019-05-23), 10-Q (filing date: 2019-02-21), 10-K (filing date: 2018-12-13), 10-Q (filing date: 2018-08-23), 10-Q (filing date: 2018-05-24), 10-Q (filing date: 2018-02-22), 10-K (filing date: 2017-12-15), 10-Q (filing date: 2017-08-24), 10-Q (filing date: 2017-05-25), 10-Q (filing date: 2017-02-23), 10-K (filing date: 2016-12-15), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-Q (filing date: 2016-02-25), 10-K (filing date: 2015-12-09), 10-Q (filing date: 2015-08-20), 10-Q (filing date: 2015-05-21), 10-Q (filing date: 2015-02-19).

1 Data adjusted for splits and stock dividends.

2 Q1 2021 Calculation
Sales per share = (Net salesQ1 2021 + Net salesQ4 2020 + Net salesQ3 2020 + Net salesQ2 2020) ÷ No. shares of common stock outstanding
= (5,162,000,000 + 4,688,000,000 + 4,395,000,000 + 3,957,000,000) ÷ 917,660,832 = 19.84

3 Closing price as at the filing date of Applied Materials Inc.’s Quarterly or Annual Report.

4 Q1 2021 Calculation
P/S ratio = Share price ÷ Sales per share
= 113.93 ÷ 19.84 = 5.74

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Applied Materials Inc.’s P/S ratio increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Price to Book Value (P/BV)

Applied Materials Inc., historical P/BV calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019 Jan 27, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018 Jan 28, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Oct 25, 2015 Jul 26, 2015 Apr 26, 2015 Jan 25, 2015
No. shares of common stock outstanding1 917,660,832 914,344,189 913,282,764 916,479,293 918,305,114 915,304,098 923,753,756 936,104,929 949,392,609 958,606,093 982,990,521 1,008,047,762 1,050,687,501 1,056,340,714 1,066,487,165 1,074,631,708 1,079,831,003 1,076,570,134 1,080,893,856 1,089,143,904 1,130,724,579 1,149,133,389 1,200,619,417 1,231,598,278 1,228,696,722
Selected Financial Data (US$)
Stockholders’ equity (in millions) 11,473  10,578  9,569  9,024  8,660  8,214  8,116  8,201  8,209  6,839  6,825  7,042  8,506  9,349  8,716  8,212  7,687  7,217  6,819  6,565  7,168  7,613  7,977  8,351  8,072 
Book value per share (BVPS)2 12.50 11.57 10.48 9.85 9.43 8.97 8.79 8.76 8.65 7.13 6.94 6.99 8.10 8.85 8.17 7.64 7.12 6.70 6.31 6.03 6.34 6.62 6.64 6.78 6.57
Share price1, 3 113.93 88.30 63.79 55.02 66.40 59.87 47.03 39.94 38.83 33.71 42.79 50.77 56.07 52.54 43.72 45.02 36.16 33.06 29.65 23.73 18.89 19.03 15.98 20.15 24.93
Valuation Ratio
P/BV ratio4 9.11 7.63 6.09 5.59 7.04 6.67 5.35 4.56 4.49 4.73 6.16 7.27 6.93 5.94 5.35 5.89 5.08 4.93 4.70 3.94 2.98 2.87 2.41 2.97 3.79
Benchmarks
P/BV Ratio, Competitors5
Advanced Micro Devices Inc. 17.77 23.76 27.03 20.69 20.46 16.96 17.39 16.22 18.30 16.18 20.84 14.82 19.87 20.13 30.06 23.20 31.66 17.55
Analog Devices Inc. 4.88 4.22 3.70 3.64 3.90 3.61 3.40 3.19 3.40 3.02 3.35 3.33 3.22 3.22 3.10 3.16 4.75 4.35 3.96 3.52 3.27 3.72 3.59 4.01 3.81
Apple Inc. 34.75 28.33 25.14 15.98 15.85 12.21 9.98 9.15 6.61 8.93 8.47 6.84 5.81 6.61 6.13 5.72 5.10 4.81 4.38 4.11 4.04 5.57 5.68 5.83 5.45
Broadcom Inc. 7.68 7.40 6.18 5.04 3.84 5.09 5.36 4.77 4.95 3.74 3.55 3.61 4.25 5.28 5.08 5.34 4.68 3.84 3.44 3.30 11.01 8.24 8.28 9.14 8.82
Cisco Systems Inc. 4.64 4.57 5.33 5.56 5.60 6.12 6.57 5.36 4.56 5.00 4.40 4.08 2.76 2.38 2.43 2.68 2.37 2.48 2.30 2.18 2.32 2.23 2.56 2.61 2.42
Intel Corp. 2.84 2.65 2.62 3.29 3.78 3.31 3.05 3.19 2.94 2.92 3.14 3.50 3.08 2.73 2.39 2.64 2.60 2.62 2.69 2.36
Lam Research Corp. 9.14 10.55 8.38 10.81 8.13 6.39 5.88 4.51 4.27 4.28 4.48 5.07 4.59 3.82 3.41 2.95 2.58 2.45 2.25 2.04 2.26 2.23 2.35 2.47 2.57
Micron Technology Inc. 2.17 1.50 1.51 1.35 1.68 1.40 1.16 1.41 1.04 1.49 2.31 2.45 2.35 2.51 2.06 2.22 2.00 1.48 1.00 0.91 1.12 1.47 1.53 2.44 3.09
NVIDIA Corp. 16.48 15.48 11.45 8.77 10.05 10.10 13.03 17.80 19.09 19.60 20.61 16.65 13.30 10.51 9.48 7.51 5.75 3.98 3.74 2.96 2.48
Qualcomm Inc. 24.98 24.00 31.75 29.17 23.03 19.69 16.28 27.16 16.79 82.57 3.78 3.10 4.22 2.56 2.68 2.48 2.69 3.12 2.68 2.58 2.35 2.88 3.04 2.97 3.02
Texas Instruments Inc. 17.02 16.11 15.88 13.29 13.79 12.28 13.75 12.98 11.20 8.68 10.26 9.53 9.89 8.68 7.52 7.47 7.36 6.60 7.01 5.79

Based on: 10-Q (filing date: 2021-02-25), 10-K (filing date: 2020-12-11), 10-Q (filing date: 2020-08-20), 10-Q (filing date: 2020-05-21), 10-Q (filing date: 2020-02-20), 10-K (filing date: 2019-12-13), 10-Q (filing date: 2019-08-22), 10-Q (filing date: 2019-05-23), 10-Q (filing date: 2019-02-21), 10-K (filing date: 2018-12-13), 10-Q (filing date: 2018-08-23), 10-Q (filing date: 2018-05-24), 10-Q (filing date: 2018-02-22), 10-K (filing date: 2017-12-15), 10-Q (filing date: 2017-08-24), 10-Q (filing date: 2017-05-25), 10-Q (filing date: 2017-02-23), 10-K (filing date: 2016-12-15), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-Q (filing date: 2016-02-25), 10-K (filing date: 2015-12-09), 10-Q (filing date: 2015-08-20), 10-Q (filing date: 2015-05-21), 10-Q (filing date: 2015-02-19).

1 Data adjusted for splits and stock dividends.

2 Q1 2021 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 11,473,000,000 ÷ 917,660,832 = 12.50

3 Closing price as at the filing date of Applied Materials Inc.’s Quarterly or Annual Report.

4 Q1 2021 Calculation
P/BV ratio = Share price ÷ BVPS
= 113.93 ÷ 12.50 = 9.11

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Applied Materials Inc.’s P/BV ratio increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.