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Applied MaterialsBUE:AMAT -0.93%81 Cyclically Adjusted PS Ratio is 15.04 as of Sep. 04, 2026, which is 127% above its 10-year median of 6.62. GuruFocus rates BUE:AMAT with a GF Score™ of 81/100 and a GF Value™ of ARS77,010.30 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 730 Semiconductors companies, Applied Materials ranks worse than 86.16% on this metric.
The historical rank and industry rank for Applied Materials's Cyclically Adjusted PS Ratio or its related term are showing as below:
BUE:AMAT'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.27 Med: 6.62 Max: 22.32
Current: 15.06
During the past years, Applied Materials's highest Cyclically Adjusted PS Ratio was 22.32. The lowest was 3.27. And the median was 6.62.
BUE:AMAT's Cyclically Adjusted PS Ratio is ranked worse than 86.16% of 730
companies
in the Semiconductors industry
Industry Median: 3.08
vs BUE:AMAT: 15.06
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Applied Materials's adjusted revenue per share data for the three months ended in Jul. 2026 was ARS84,826.326. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ARS9,194.99 for the trailing ten years ended in Jul. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Applied Materials (BUE:AMAT) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
Applied Materials Cyclically Adjusted PS Ratio Related Terms
Applied Materials Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Applied Materials's Cyclically Adjusted PS Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Applied Materials Cyclically Adjusted PS Ratio Chart
BUE:AMAT vs LRCX, KLAC, TER: Cyclically Adjusted PS Ratio Comparison
For the Semiconductor Equipment & Materials subindustry, Applied Materials's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Applied Materials Cyclically Adjusted PS Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Applied Materials's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Applied Materials's Cyclically Adjusted PS Ratio falls into.
Applied Materials Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
Applied Materials's Cyclically Adjusted PS Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PS Ratio of 15.04 mean?
Applied Materials (BUE:AMAT) has a Cyclically Adjusted PS Ratio of 15.04 as of Sep. 04, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Applied Materials and its competitors. This is 127% above median its historical median of 6.62. Over the past decade, Applied Materials' Cyclically Adjusted PS Ratio has ranged from 3.27 to 22.32. According to the industry distribution chart, Applied Materials ranks #629 out of 730 companies in the Semiconductors industry, placing it in the top 86.2%.
Is Applied Materials' Cyclically Adjusted PS Ratio too high?
Applied Materials' current Cyclically Adjusted PS Ratio of 15.04 is 127% above median its 10-year median of 6.62. Over the past 10 years, this metric has ranged from a low of 3.27 to a high of 22.32. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.08. Applied Materials' value of 15.04 is 388.3% above this industry median. Based on the distribution chart, Applied Materials ranks #629 out of 730 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Applied Materials has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Materials' Cyclically Adjusted PS Ratio compare to LRCX and KLAC?
According to the Semiconductors industry distribution chart, Applied Materials ranks #629 out of 730 companies for Cyclically Adjusted PS Ratio. This places Applied Materials in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.08. Applied Materials' value of 15.04 is 388.3% above this benchmark. Historically, Applied Materials' own Cyclically Adjusted PS Ratio has ranged from 3.27 to 22.32 over the past decade. While the company's 10-year median is 6.62 vs. the industry median of 3.08, Applied Materials has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 3.08, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Applied Materials's current Cyclically Adjusted PS Ratio of 15.04 is 388.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Applied Materials and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Materials's current Cyclically Adjusted PS Ratio is 15.04, which is 127% above median its own 10-year median of 6.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Materials stock overvalued right now?
Based on GuruFocus' analysis, Applied Materials (BUE:AMAT) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS77,010.30, compared to a current price of ARS138,300.00 — trading 79.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 15.04, which is 127% above median its 10-year median of 6.62 and 388.3% above the Semiconductors industry median of 3.08. Applied Materials' overall GF Score™ is 81/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Applied Materials (BUE:AMAT), the current Cyclically Adjusted PS Ratio is 15.04 as of Sep. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Applied Materials (BUE:AMAT) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Materials stock appears to be overvalued.
The current stock price of ARS138,300.00 is trading 79.6% above its estimated GF Value™ of ARS77,010.30.
GuruFocus considers Applied Materials to be Significantly Overvalued.
Key valuation signals for BUE:AMAT:
Cyclically Adjusted PS Ratio: 15.04 (127% above median its 10-year median of 6.62)
GF Value™: ARS77,010.30 vs. price of ARS138,300.00 (79.6% above fair value)
Industry Position: 388.3% above the Semiconductors median (#629 of 730)
No single metric tells the full story. See the BUE:AMAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Materials is the largest semiconductor wafer fabrication equipment manufacturer in the world. It has a broad portfolio spanning nearly every corner of the WFE ecosystem. Applied Materials holds leading market share in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung.
81GF Score
Get the complete analysis for BUE:AMAT
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