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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- Balance Sheet: Assets
- Analysis of Solvency Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
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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).
- Price to earnings (P/E) ratio
- The P/E ratio exhibits notable fluctuations over the observed periods. Initially at 21.57, it declined to a low around the second quarter of 2022, reaching approximately 13.55. Subsequently, the ratio demonstrated a gradual upward trend, peaking at 24.7 in early 2024, before experiencing a modest decline towards the later quarters, finishing near 18.64. This pattern suggests periods of varying investor expectations about earnings growth, with a period of heightened market pessimism or earnings strength mid-term, followed by renewed optimism, and then some stabilization.
- Price to operating profit (P/OP) ratio
- This ratio followed a broadly similar trajectory to the P/E ratio. It declined from 17.5 at the start to about 11.35 in early 2022, indicating an improved valuation relative to operating profit. Following this low, the P/OP ratio increased again, reaching a peak near 23.58 in the first quarter of 2024 before declining to 14.77 by the end of the period. The movements in this ratio reflect shifts in market valuation regarding the company's operational profitability, with periods of under- and over-valuation relative to recent earnings before interest and taxes.
- Price to sales (P/S) ratio
- The P/S ratio exhibited a downward trend from 4.06 to a low of around 3.43 by late 2022, indicating a more conservative valuation against sales revenue during that timeframe. Thereafter, it rebounded sharply to a peak of 6.81 in early 2024, marking increased market enthusiasm relative to sales. There is a following decline towards the end of the data set, settling near 4.45. This pattern reflects changing market sentiment about the company's revenue-generating capability, with marked periods of optimism and caution.
- Price to book value (P/BV) ratio
- The P/BV ratio also indicated volatility, starting at 7.04 and declining steadily to approximately 6.53 by the last observed quarter in 2025. Between these points, the ratio peaked near 10.6 in late 2021 and again approached the high 9s in early 2024 before decreasing. These fluctuations suggest shifts in investor sentiment regarding the company's net asset value, with intervals of heightened confidence affirming book value and subsequent recalibration towards modest valuation levels.
- Overall trends and insights
- Across all valuation metrics, a general pattern emerges of contraction in multiples during 2021 and 2022, likely reflecting broader market or company-specific factors reducing investor valuation. Following this contraction, a recovery phase is evident in 2023 and early 2024, characterized by increased valuations across earnings, operating profit, sales, and book value measures. In the final quarters, valuations moderate but remain above the lows experienced in 2022. This cycle indicates an oscillating investor perception, balancing between risk aversion and optimism towards the company’s financial prospects over the medium term.
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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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).
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 demonstrated significant volatility over the analyzed periods. Initially, it decreased from $66.40 to a low of $55.02 early in 2020, followed by a steady rise reaching a peak near $146.15 by the end of 2021. Thereafter, it experienced a downward adjustment through much of 2022, dipping to around $104.73. The price recovered strongly by late 2023 and early 2024, achieving a peak of $217.95 in April 2024, before declining steadily again to approximately $159.84 by mid-2025. Overall, the share price shows cyclical behavior with periods of both rapid appreciation and correction.
- Earnings Per Share (EPS) Dynamics
- EPS showed an overall upward trend throughout the timeframe, reflecting consistent earnings growth. Beginning from $3.08 in early 2020, EPS climbed steadily to a range of about $7.7 to $8.8 during 2022 to early 2024. Notable is a slight decline observed near the end of 2024 and into mid-2025 where EPS reduced to approximately $7.8 before a modest rebound to around $8.58. This trend suggests expanding profitability with minor fluctuations possibly impacted by market or operational conditions.
- Price-to-Earnings (P/E) Ratio Analysis
- The P/E ratio exhibited variability that reflects changing market valuations relative to earnings. The ratio started moderately high at approximately 21.57 in early 2020, then decreased to lows near 13.55 by late 2022, indicating a period of lower market valuation or higher EPS growth. Subsequently, the P/E ratio increased again to above 24 in early 2024, which coincides with the peak share prices, suggesting increased investor optimism or speculative activity. Towards mid-2025, the P/E ratio declined back to roughly 18.64, indicating a normalization of valuation following prior volatility.
- Interrelationship Between Metrics
- The data indicates that the share price and EPS generally trended upward but not always in sync, with price volatility often exceeding changes in earnings. The P/E ratio fluctuations correspond largely to the share price movements relative to the steady EPS growth, suggesting that share price volatility was a key driver of shifts in valuation multiples. Peaks in the P/E ratio around early 2024 align with the highest share prices, whereas low P/E ratios occurred when share prices corrected relative to earnings growth.
- Overall Summary
- The company demonstrated solid earnings growth over the periods with EPS nearly tripling from 2020 to 2024. Despite this, share price volatility resulted in fluctuating market valuations as reflected in the P/E ratio. The share price experienced multiple cycles of growth and contraction, with valuation multiples expanding during bullish periods and contracting when share prices corrected. Such patterns suggest a market sensitive to macroeconomic, industry-specific or company-specific factors that impact investor sentiment alongside fundamental earnings improvements.
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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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).
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.
- Share Price Trends
- The share price showed a fluctuating upward trend overall between early 2020 and mid-2025. Initially, it declined from 66.4 US$ to a low of 55.02 US$ in April 2020. Subsequently, a strong recovery took place, reaching a peak around 217.95 US$ in April 2024. Following this peak, the price gradually decreased to approximately 159.84 US$ by the third quarter of 2025. This pattern indicates periods of volatility interspersed with long-term appreciation in market valuation.
- Operating Profit Per Share Evolution
- Operating profit per share demonstrated steady growth throughout the entire timeframe. Starting at 3.79 US$ in January 2020, it consistently increased quarter over quarter, reaching 10.82 US$ by the third quarter of 2025. The progressive increase suggests improving operational efficiency or profitability, reflecting positively on the company’s earnings-generating capability per share.
- Price-to-Operating-Profit Ratio (P/OP) Dynamics
- The P/OP ratio exhibited considerable variability over the periods analyzed. The ratio started relatively high at 17.5 in early 2020, then dipped to a low near 11.35 in late 2022, indicating a more favorable valuation relative to operating profits at that time. Afterward, the ratio trended upward again, peaking around 23.98 in mid-2021 and later at 23.58 in April 2024, signaling moments when share prices were comparatively elevated against operating profits. Toward the end of the period, the ratio declined to about 14.77, which may imply a more balanced or conservative market valuation relative to earnings.
- Overall Financial Insights
- The data reflects a company with steadily increasing operational profitability per share over more than five years, which is a positive sign of growth. The share price movements suggest the market’s response was more volatile, with periods of significant appreciation followed by corrections. Valuation metrics, as indicated by the P/OP ratio, have fluctuated substantially, highlighting changing investor sentiment or market conditions affecting the perceived value of operating earnings. Recent ratio declines combined with high operating profit levels could denote a return to more cautious or realistic market pricing.
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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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).
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.
- Share Price Trend
- The share price exhibited a general upward trajectory over the analyzed periods, starting at $66.40 in early 2020 and experiencing notable growth, peaking at $217.95 in April 2024. However, the trend showed volatility with several fluctuations: a decline from $66.40 to $55.02 during the first quarter of 2020 was followed by a recovery and significant rise until October 2021. After peaking near $146.15 in late 2021, the price dipped through 2022, before recovering strongly throughout 2023 and early 2024. The latest data through mid-2025 indicates a downward correction, with prices declining to around $159.84.
- Sales per Share
- Sales per share demonstrated a consistent and steady increase throughout the entire period. Starting at $16.35 in January 2020, sales per share rose smoothly each quarter without significant interruptions, reaching approximately $35.92 by July 2025. This steady growth suggests consistent operational improvement or revenue expansion relative to the number of shares outstanding.
- Price-to-Sales (P/S) Ratio
- The P/S ratio showed significant variation over the period, reflecting changes in market valuation relative to sales performance. Initially, the ratio declined from 4.06 to 3.27 in early 2020, followed by a marked increase peaking at 6.81 in April 2024. This rise indicates that the market valuation of the company increased at a faster pace than sales during this period. Subsequently, the ratio declined to 4.45 by mid-2025, signaling a contraction in valuation multiples relative to sales. The fluctuations suggest changing investor sentiment and market conditions impacting the valuation independently of sales trends.
- Overall Observations
- Over the examined timeframe, the company exhibited strong sales growth per share, indicating operational strength or expansion. Share price trends generally followed an upward direction but with periods of volatility and corrections, notably in 2022 and mid-2025. The P/S ratio's fluctuation mirrored the market's shifting perception of the company's growth prospects or risk, peaking in early 2024 before moderating. The data collectively suggests a growing underlying business that attracted increasing market valuation until mid-2024, after which revaluation occurred amidst steady sales growth.
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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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).
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.
- Share Price Trend
- The share price displayed significant volatility over the examined periods, starting at $66.40 and experiencing fluctuations through the timeline. Initially, the price decreased to $55.02 before rising sharply to a peak of $161.95 in October 2023. A notable acceleration is observed in the latter periods, reaching a peak of $217.95 in April 2024, followed by a decline to $159.84 by July 2025. Overall, the share price has shown a general upward trend despite short-term fluctuations.
- Book Value Per Share (BVPS) Trend
- There is a steady and consistent increase in the book value per share across the timeline. Beginning at $9.43, the BVPS gradually increased to $24.48 by July 2025. This indicates progressive growth in the company's net asset value on a per-share basis, showing sustained improvement in the underlying financial strength of the company over the periods.
- Price to Book Value (P/BV) Ratio Trend
- The P/BV ratio exhibits a fluctuating pattern closely linked to the movement of the share price relative to book value growth. The ratio started relatively high at 7.04, decreased to a low of 5.59, and then increased sharply, peaking at 10.60 in October 2021. After peaking, the ratio generally declined towards 6.53 by July 2025. The fluctuations suggest varying market perceptions of the company's value relative to its book equity, with market valuation sometimes increasing faster than book value and vice versa.
- Overall Insights
- The company shows a robust increase in book value per share, reflecting strengthening financial fundamentals. The share price trend shows strong market interest with periods of rapid appreciation, although later quarters indicate some price correction. The P/BV ratio demonstrates that market valuations have been somewhat volatile, with phases of both premium and relative moderation against book value. The combination of rising book value and fluctuating price points to a dynamic market environment, where investor sentiment and external factors likely influence stock price beyond fundamental growth.