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).
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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
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Historical Valuation Ratios (Summary)
Applied Materials Inc., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-Q (reporting date: 2025-01-26), 10-K (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-Q (reporting date: 2024-01-28), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-Q (reporting date: 2020-01-26), 10-K (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-Q (reporting date: 2019-01-27).
The analysis of the financial ratios over multiple quarters reveals notable trends and fluctuations indicating changes in market valuation and profitability perceptions for the company.
- Price to Earnings (P/E) Ratio
-
The P/E ratio was initially unreported but shows data from early 2020 onwards. It starts at 20.25 and rises to a peak of 28.42 in mid-2021, indicating increased investor optimism or growth expectations. Subsequently, there is a steady decline reaching a low of 13.55 in mid-2022, suggesting a reduction in price relative to earnings or improved earnings performance. From that point, the ratio exhibits a gradual upward trend with fluctuations, peaking again at 24.7 in early 2024, before slightly decreasing to 18.64 by late 2024. This pattern may reflect cycles of market sentiment and underlying earnings growth dynamics.
- Price to Operating Profit (P/OP) Ratio
-
This ratio follows a pattern broadly consistent with the P/E ratio. It begins near 16.36 in early 2020, peaks at 23.98 in mid-2021, and then declines to a trough of approximately 11.35 in late 2022. Such movements indicate variability in investor valuation relative to operating profitability. From late 2022 onward, an upward movement is noted, with the ratio reaching 23.58 by mid-2024 before descending modestly toward the end of the data series. This may point to changing operational efficiency or shifts in market valuation multiples tied to operating earnings.
- Price to Sales (P/S) Ratio
-
The P/S ratio demonstrates a general upward trend starting around 3.75 in early 2020, climbing substantially to a peak near 6.81 in mid-2024. This reflects increased market valuation relative to sales over the observed period. After peaking, a slight downward adjustment occurs but values remain elevated near 4.45 by late 2024. The rising P/S ratio suggests growing investor willingness to pay more for each dollar of sales, possibly indicating expectations of higher growth or improved margins.
- Price to Book Value (P/BV) Ratio
-
The P/BV ratio shows a steady increase from about 4.49 in early 2019 to a peak of 10.6 by late 2021. This progression reflects increasing market valuation relative to the book value of equity. From this high point, the ratio declines systematically, falling to approximately 6.53 by late 2024. This downward correction may imply a normalization after a period of high valuation, possibly driven by changes in asset valuation, investor sentiment, or capital structure adjustments.
Overall, the data reveals a cycle of valuation expansion followed by partial contraction in key price ratios relative to earnings, operating profit, sales, and book value. Peaks in mid-2021 across multiple metrics align with heightened market sentiment, while subsequent ratio declines suggest normalization or increased profitability relative to price. The upward trend in the Price to Sales ratio, notwithstanding recent corrections, emphasizes stronger market expectations tied to revenue growth. The fluctuation patterns underscore dynamic market perceptions and potential operational shifts over the analyzed quarters.
Price to Earnings (P/E)
Applied Materials Inc., historical P/E calculation (quarterly data)
| Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Net income (in millions) | |||||||||||||||||||||||||||||||||||
| Earnings per share (EPS)2 | |||||||||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/E ratio4 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| 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. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-Q (reporting date: 2025-01-26), 10-K (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-Q (reporting date: 2024-01-28), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-Q (reporting date: 2020-01-26), 10-K (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-Q (reporting date: 2019-01-27).
1 Data adjusted for splits and stock dividends.
2 Q3 2025 Calculation
EPS
= (Net incomeQ3 2025
+ Net incomeQ2 2025
+ Net incomeQ1 2025
+ Net incomeQ4 2024)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Applied Materials Inc. Quarterly or Annual Report.
4 Q3 2025 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price demonstrates a general upward trajectory over the period analyzed, starting from $38.83 in early 2019 and reaching a peak of $217.95 in April 2024. The growth shows periods of volatility, with notable declines observed in early 2022 and again in late 2024, followed by partial recoveries. Despite these fluctuations, the overall momentum has been positive with several new highs, particularly in 2023 and early 2024.
- Earnings Per Share (EPS) Trend
- EPS has steadily increased from $2.96 in early 2020 to a peak of $9.04 in late 2024, evidencing consistent profitability growth. There is a slight dip observed in early 2025 where EPS decreases to $7.81 before rising again. The EPS trend suggests stable operational performance and earnings growth throughout the observed quarters, with only minor fluctuations.
- Price to Earnings (P/E) Ratio Analysis
- The P/E ratio has varied between approximately 13.55 and 28.42, showing fluctuating market valuations relative to earnings. Early 2020 and late 2021 witnessed relatively high P/E ratios exceeding 22, signifying elevated investor expectations or possibly overvaluation during those phases. However, a decline to levels near 13.55 in mid-2022 indicates a market re-rating despite rising earnings. The ratio increases again in subsequent quarters, reaching around 24.7 in early 2024, suggesting renewed market optimism. Towards the end of the period, the P/E ratio moderates to the high teens, reflecting a balance between share price and earnings growth.
- Overall Insights
- The data illustrates an organization with solid earnings growth complemented by a strong upward trend in share price over five years. The improvements in EPS corroborate the company’s improved profitability which drives investor confidence as seen through share price appreciation. The variability in P/E ratios points to fluctuating market sentiment and valuation adjustments in response to external and internal factors. The recent slight declines in share price alongside strong EPS could present an attractive valuation window or reflect market concerns not immediately evident from EPS alone.
Price to Operating Profit (P/OP)
Applied Materials Inc., historical P/OP calculation (quarterly data)
| Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Income from operations (in millions) | |||||||||||||||||||||||||||||||||||
| Operating profit per share2 | |||||||||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/OP ratio4 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| 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. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-Q (reporting date: 2025-01-26), 10-K (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-Q (reporting date: 2024-01-28), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-Q (reporting date: 2020-01-26), 10-K (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-Q (reporting date: 2019-01-27).
1 Data adjusted for splits and stock dividends.
2 Q3 2025 Calculation
Operating profit per share
= (Income from operationsQ3 2025
+ Income from operationsQ2 2025
+ Income from operationsQ1 2025
+ Income from operationsQ4 2024)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Applied Materials Inc. Quarterly or Annual Report.
4 Q3 2025 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
The financial data reveals several notable trends over the analyzed periods. An examination of the share price indicates a general upward trajectory, beginning at $38.83 in early 2019 and reaching a peak of $217.95 by April 2024. There are periods of volatility, with notable declines occurring intermittently, such as the decreases from the peak prices in early 2022 and late 2024. Despite these fluctuations, the long-term movement is positive, indicating overall growth in market valuation.
Operating profit per share, starting from values available in early 2020, shows a consistent and gradual increase over time. Beginning at $3.66, it rises steadily to reach $10.82 by the first quarter of 2025. This steady improvement suggests expanding profitability at the per-share level, reflecting enhanced operational efficiency or growth in earnings.
The price-to-operating-profit ratio (P/OP) exhibits more variation. Initially, the ratio starts at 16.36 and experiences a general rise, peaking at about 23.98 temporarily, before declining towards the end of the period to around 14.77. This pattern implies that while the share price increased substantially, the operating profit per share grew at a pace that eventually reduced the valuation multiples. The reduction in the P/OP ratio towards later periods may indicate either an increased confidence in earnings sustainability or a market re-pricing towards more reasonable valuation levels.
- Share Price Trends
- Overall growth from approximately $39 to over $217 across the analyzed timeframe, with notable volatility and interim declines indicating reactive market conditions but a positive long-term outlook.
- Operating Profit Per Share
- Steady and uninterrupted increase from $3.66 to $10.82, reflecting consistent improvement in operational performance and earnings generation per share.
- Price-to-Operating-Profit Ratio (P/OP)
- Fluctuations observed, with a peak near 24 and a decline to under 15 towards the end, suggesting market adjustments in valuation and an eventual alignment of share price with profitability growth.
Price to Sales (P/S)
Applied Materials Inc., historical P/S calculation (quarterly data)
| Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Oct 25, 2020 | Jul 26, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | Jan 27, 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Net revenue (in millions) | |||||||||||||||||||||||||||||||||||
| Sales per share2 | |||||||||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/S ratio4 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| 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. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-Q (reporting date: 2025-01-26), 10-K (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-Q (reporting date: 2024-01-28), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-Q (reporting date: 2020-01-26), 10-K (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-Q (reporting date: 2019-01-27).
1 Data adjusted for splits and stock dividends.
2 Q3 2025 Calculation
Sales per share
= (Net revenueQ3 2025
+ Net revenueQ2 2025
+ Net revenueQ1 2025
+ Net revenueQ4 2024)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Applied Materials Inc. Quarterly or Annual Report.
4 Q3 2025 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
The share price demonstrates a general upward trajectory over the analyzed period, beginning at $38.83 in early 2019 and reaching peaks above $200 by early 2024. There are notable fluctuations, particularly a marked increase from around $55 in April 2020 to approximately $113.93 in early 2021, followed by continued growth despite some periods of decline or minor setbacks. The price exhibits volatility but maintains an overall strong growth trend towards 2024.
Sales per share, available from early 2020 onwards, reveal consistent growth throughout the period. The values increase steadily from $15.96 in January 2020 to approximately $35.92 by July 2025. This consistent upward movement in sales per share suggests ongoing growth in revenue generation capacity on a per-share basis, indicating a positive sales performance.
The Price-to-Sales (P/S) ratio shows more variability over time. Initially, it experiences a rise from 3.75 in January 2020 to a peak of 6.81 in April 2024, indicating increasing market valuation relative to sales. However, after this peak, it declines somewhat to 4.45 by July 2025. These fluctuations reflect changing market sentiments and potential adjustments in the stock price relative to sales growth. Despite the variability, the P/S ratio remains above 3 for the entire period, suggesting a generally high valuation relative to sales.
- Share Price Trends
- Overall strong growth with periods of volatility, increasing more than fivefold from 2019 to 2024.
- Sales per Share
- Steady and continuous increase, roughly doubling from early 2020 to mid-2025, indicating sustained revenue growth per share.
- Price-to-Sales Ratio
- Variable but generally elevated, peaking in 2024 before declining, signaling shifting market valuation dynamics relative to sales performance.
In summary, the data depicts a company experiencing robust growth in share price and sales per share over several years. The increasing sales per share support the upward trend in valuation, though the P/S ratio suggests that market perceptions of value relative to sales have been subject to change, possibly reflecting broader market conditions or company-specific developments. The overall pattern is indicative of strong operational performance accompanied by evolving market expectations.
Price to Book Value (P/BV)
Applied Materials Inc., historical P/BV calculation (quarterly data)
| Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Stockholders’ equity (in millions) | |||||||||||||||||||||||||||||||||||
| Book value per share (BVPS)2 | |||||||||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/BV ratio4 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| 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. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-Q (reporting date: 2025-01-26), 10-K (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-Q (reporting date: 2024-01-28), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-Q (reporting date: 2020-01-26), 10-K (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-Q (reporting date: 2019-01-27).
1 Data adjusted for splits and stock dividends.
2 Q3 2025 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Applied Materials Inc. Quarterly or Annual Report.
4 Q3 2025 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
The analyzed financial data reveals notable trends in the share price, book value per share (BVPS), and the price-to-book value (P/BV) ratio over the given periods.
- Share Price
- The share price exhibits an overall upward trajectory from January 2019 through April 2024, increasing from $38.83 to a peak of $217.95. This rise reflects significant appreciation in market valuation over the span. Periodic fluctuations are evident, with some declines particularly in mid-2022 and late 2024, where the price dropped from above $130 to levels around $160. Despite these fluctuations, the general trend suggests strong growth momentum.
- Book Value per Share (BVPS)
- BVPS shows a steady and consistent increase over the entire timeline, rising from $8.65 in January 2019 to $24.48 by July 2025. This incremental growth indicates continuous accumulation of equity and retained earnings, reflecting improvements in underlying book equity independent of market sentiment or price volatility. The steady increase points to strengthening fundamentals.
- Price-to-Book Value (P/BV) Ratio
- The P/BV ratio fluctuates considerably throughout the period, moving between a low of approximately 4.49 and a high near 10.6. Initially, the ratio rises sharply from 4.49 to 7.63 by October 2020, followed by peaks around 10.5 in mid-2021. This suggests increasing market optimism and possibly elevated valuation levels relative to book value during those peaks. However, from early 2022 onwards, the ratio trends downward to below 7 in mid-2025, indicating a relative valuation decline compared to earlier periods despite the rising book value. The variation implies shifts in market perceptions, risk appetite, or changes in broader market conditions affecting valuation multiples.
In summary, the data reveals robust financial growth in fundamental equity values, accompanied by increased market valuation reflected in the share price. Nonetheless, valuation multiples experienced volatility, indicating fluctuating investor sentiment and periodic revaluation of the company relative to its book value. This dynamic pattern signifies both consistent fundamental improvement and variability in market expectations over the observed timeframe.