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Applied MaterialsXSWX:AMAT -2.60%86 Earnings Yield (Joel Greenblatt) % is 3.41% as of Apr. 2026, which is 48% below its 10-year median of 6.53. GuruFocus rates XSWX:AMAT with a GF Score™ of 86/100 and a GF Value™ of CHF178.69 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,024 Semiconductors companies, Applied Materials ranks better than 64.36% on this metric.
Applied Materials's Enterprise Value for the quarter that ended in Apr. 2026 was CHF239,748 Mil.
Applied Materials's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was CHF8,451 Mil. Applied Materials's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2026 was 3.41%.
The historical rank and industry rank for Applied Materials's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XSWX:AMAT'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.13 Med: 6.53 Max: 14.84
Current: 2.32
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Applied Materials was 14.84%. The lowest was 2.13%. And the median was 6.53%.
XSWX:AMAT's Earnings Yield (Joel Greenblatt) % is ranked better than 64.36% of 1024
companies
in the Semiconductors industry
Industry Median: 1.14
vs XSWX:AMAT: 2.32
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Applied Materials's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2026 was 13.35%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Applied Materials Earnings Yield (Joel Greenblatt) % Related Terms
Applied Materials Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Applied Materials's Earnings Yield (Joel Greenblatt) % 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.
For the Semiconductor Equipment & Materials subindustry, Applied Materials's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Applied Materials's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Applied Materials's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Applied Materialss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Oct. 2025 is calculated as
Applied Materials's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF8,451 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 3.41% mean?
Applied Materials (XSWX:AMAT) has a Earnings Yield (Joel Greenblatt) % of 3.41% as of Apr. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Applied Materials and its competitors. This is 48% below median its historical median of 6.53. Over the past decade, Applied Materials' Earnings Yield (Joel Greenblatt) % has ranged from 2.13 to 14.84. According to the industry distribution chart, Applied Materials ranks #365 out of 1024 companies in the Semiconductors industry, placing it in the top 35.6%.
Is Applied Materials' Earnings Yield (Joel Greenblatt) % too high?
Applied Materials' current Earnings Yield (Joel Greenblatt) % of 3.41% is 48% below median its 10-year median of 6.53. Over the past 10 years, this metric has ranged from a low of 2.13 to a high of 14.84. The Semiconductors industry median Earnings Yield (Joel Greenblatt) % is 1.14. Applied Materials' value of 3.41% is 199.1% above this industry median. Based on the distribution chart, Applied Materials ranks #365 out of 1024 companies in the Semiconductors industry, which is above 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' Earnings Yield (Joel Greenblatt) % compare to LRCX and KLAC?
According to the Semiconductors industry distribution chart, Applied Materials ranks #365 out of 1024 companies for Earnings Yield (Joel Greenblatt) %. This puts Applied Materials in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 1.14. Applied Materials' value of 3.41% is 199.1% above this benchmark. Historically, Applied Materials' own Earnings Yield (Joel Greenblatt) % has ranged from 2.13 to 14.84 over the past decade. While the company's 10-year median is 6.53 vs. the industry median of 1.14, 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 Earnings Yield (Joel Greenblatt) % for a Semiconductors company?
The median Earnings Yield (Joel Greenblatt) % among Semiconductors companies is 1.14, based on 1,024 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Applied Materials's current Earnings Yield (Joel Greenblatt) % of 3.41% is 199.1% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Applied Materials and its competitors. For the Semiconductors industry, the median Earnings Yield (Joel Greenblatt) % is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Materials's current Earnings Yield (Joel Greenblatt) % is 3.41%, which is 48% below median its own 10-year median of 6.53. 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 CHF178.69, compared to a current price of CHF467.95 — trading 161.9% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 3.41%, which is 48% below median its 10-year median of 6.53 and 199.1% above the Semiconductors industry median of 1.14. 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 Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Applied Materials (XSWX:AMAT), the current Earnings Yield (Joel Greenblatt) % is 3.41% 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 CHF467.95 is trading 161.9% above its estimated GF Value™ of CHF178.69.
GuruFocus considers Applied Materials to be Significantly Overvalued.
Key valuation signals for XSWX:AMAT:
Earnings Yield (Joel Greenblatt) %: 3.41% (48% below median its 10-year median of 6.53)
GF Value™: CHF178.69 vs. price of CHF467.95 (161.9% above fair value)
Industry Position: 199.1% above the Semiconductors median (#365 of 1024)
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
Get the complete analysis for XSWX:AMAT
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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