Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
Applied Materials Inc., historical price multiples (quarterly data)
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)
| 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)
| 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)
| 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)
| 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. |