Applied MaterialsXSWX:AMAT -0.54%86 Debt-to-Equity is 0.30 as of Apr. 2026, which is 38% below its 10-year median of 0.48. GuruFocus rates XSWX:AMAT with a GF Score™ of 86/100 and a GF Value™ of CHF177.24 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 900 Semiconductors companies, Applied Materials ranks worse than 53.22% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Applied Materials's Debt-to-Equity or its related term are showing as below:
XSWX:AMAT'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.48 Max: 0.78
Current: 0.3
During the past 13 years, the highest Debt-to-Equity Ratio of Applied Materials was 0.78. The lowest was 0.30. And the median was 0.48.
XSWX:AMAT's Debt-to-Equity is ranked worse than 53.22% of 900
companies
in the Semiconductors industry
Industry Median: 0.25
vs XSWX:AMAT: 0.30
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Applied Materials Debt-to-Equity Related Terms
Applied Materials Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Applied Materials's Debt-to-Equity 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.
XSWX:AMAT vs LRCX, KLAC, TER: Debt-to-Equity Comparison
For the Semiconductor Equipment & Materials subindustry, Applied Materials's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Applied Materials's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Applied Materials's Debt-to-Equity falls into.
* 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 (XSWX:AMAT) has a Debt-to-Equity of 0.30 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Applied Materials and its competitors. This is 38% below median its historical median of 0.48. Over the past decade, Applied Materials' Debt-to-Equity has ranged from 0.30 to 0.78. According to the industry distribution chart, Applied Materials ranks #479 out of 900 companies in the Semiconductors industry, placing it in the top 53.2%.
Is Applied Materials' Debt-to-Equity too high?
Applied Materials' current Debt-to-Equity of 0.30 is 38% below median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.78. The Semiconductors industry median Debt-to-Equity is 0.25. Applied Materials' value of 0.30 is 20% above this industry median. Based on the distribution chart, Applied Materials ranks #479 out of 900 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Applied Materials has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Materials' Debt-to-Equity compare to LRCX and KLAC?
According to the Semiconductors industry distribution chart, Applied Materials ranks #479 out of 900 companies for Debt-to-Equity. This places Applied Materials in the lower half of its industry. The industry median Debt-to-Equity is 0.25. Applied Materials' value of 0.30 is 20% above this benchmark. Historically, Applied Materials' own Debt-to-Equity has ranged from 0.30 to 0.78 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.25, 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 Debt-to-Equity for a Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.25, based on 900 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Applied Materials's current Debt-to-Equity of 0.30 is 20% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Applied Materials and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Materials's current Debt-to-Equity is 0.30, which is 38% below median its own 10-year median of 0.48. 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 (XSWX:AMAT) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF177.24, compared to a current price of CHF484.45 — trading 173.3% above its estimated fair value. The current Debt-to-Equity is 0.30, which is 38% below median its 10-year median of 0.48 and 20% above the Semiconductors industry median of 0.25. Applied Materials' overall GF Score™ is 86/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Applied Materials (XSWX:AMAT), the current Debt-to-Equity is 0.30 as of Apr. 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 (XSWX:AMAT) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Materials stock appears to be overvalued.
The current stock price of CHF484.45 is trading 173.3% above its estimated GF Value™ of CHF177.24.
GuruFocus considers Applied Materials to be Significantly Overvalued.
Key valuation signals for XSWX:AMAT:
Debt-to-Equity: 0.30 (38% below median its 10-year median of 0.48)
GF Value™: CHF177.24 vs. price of CHF484.45 (173.3% above fair value)
Industry Position: 20% above the Semiconductors median (#479 of 900)
No single metric tells the full story. See the XSWX: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.
86GF Score
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