Applied MaterialsXSWX:AMAT -0.54%86 EV-to-EBITDA is 43.71 as of Jul. 12, 2026, which is 213% above its 10-year median of 13.96. GuruFocus rates XSWX:AMAT with a GF Score™ of 86/100 and a GF Value™ of CHF169.97 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 749 Semiconductors companies, Applied Materials ranks worse than 62.35% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Applied Materials's enterprise value is CHF386,326 Mil.
Applied Materials's EBITDA for the trailing twelve months (TTM) ended in Apr. 2026 was CHF8,839 Mil. Therefore, Applied Materials's EV-to-EBITDA for today is 43.71.
The historical rank and industry rank for Applied Materials's EV-to-EBITDA or its related term are showing as below:
XSWX:AMAT'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.13 Med: 13.96 Max: 44.84
Current: 42.83
During the past 13 years, the highest EV-to-EBITDA of Applied Materials was 44.84. The lowest was 6.13. And the median was 13.96.
XSWX:AMAT's EV-to-EBITDA is ranked worse than 62.35% of 749
companies
in the Semiconductors industry
Industry Median: 28.92
vs XSWX:AMAT: 42.83
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Applied Materials's PE Ratio (TTM) for today is calculated as:
Applied Materials's share price for today is CHF484.45.
Applied Materials's Earnings per Share (Diluted) 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 CHF8.441.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Applied Materials's EV-to-EBITDA 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: EV-to-EBITDA Comparison
For the Semiconductor Equipment & Materials subindustry, Applied Materials's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Applied Materials's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Applied Materials's EV-to-EBITDA falls into.
Applied Materials's current Enterprise Value is CHF386,326 Mil.
Applied Materials's EBITDA 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 CHF8,839 Mil.
* 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 EV-to-EBITDA of 43.71 as of Jul. 12, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Applied Materials. This is 213% above median its historical median of 13.96. Over the past decade, Applied Materials' EV-to-EBITDA has ranged from 6.13 to 44.84. According to the industry distribution chart, Applied Materials ranks #467 out of 749 companies in the Semiconductors industry, placing it in the top 62.3%.
Is Applied Materials' EV-to-EBITDA too high?
Applied Materials' current EV-to-EBITDA of 43.71 is 213% above median its 10-year median of 13.96. Over the past 10 years, this metric has ranged from a low of 6.13 to a high of 44.84. The Semiconductors industry median EV-to-EBITDA is 28.92. Applied Materials' value of 43.71 is 51.1% above this industry median. Based on the distribution chart, Applied Materials ranks #467 out of 749 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' EV-to-EBITDA compare to LRCX and KLAC?
According to the Semiconductors industry distribution chart, Applied Materials ranks #467 out of 749 companies for EV-to-EBITDA. This places Applied Materials in the lower half of its industry. The industry median EV-to-EBITDA is 28.92. Applied Materials' value of 43.71 is 51.1% above this benchmark. Historically, Applied Materials' own EV-to-EBITDA has ranged from 6.13 to 44.84 over the past decade. While the company's 10-year median is 13.96 vs. the industry median of 28.92, 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 EV-to-EBITDA for a Semiconductors company?
The median EV-to-EBITDA among Semiconductors companies is 28.92, based on 749 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Applied Materials's current EV-to-EBITDA of 43.71 is 51.1% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Applied Materials. For the Semiconductors industry, the median EV-to-EBITDA is 28.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Materials's current EV-to-EBITDA is 43.71, which is 213% above median its own 10-year median of 13.96. 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 CHF169.97, compared to a current price of CHF484.45 — trading 185% above its estimated fair value. The current EV-to-EBITDA is 43.71, which is 213% above median its 10-year median of 13.96 and 51.1% above the Semiconductors industry median of 28.92. 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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Applied Materials (XSWX:AMAT), the current EV-to-EBITDA is 43.71 as of Jul. 12, 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 185% above its estimated GF Value™ of CHF169.97.
GuruFocus considers Applied Materials to be Significantly Overvalued.
Key valuation signals for XSWX:AMAT:
EV-to-EBITDA: 43.71 (213% above median its 10-year median of 13.96)
GF Value™: CHF169.97 vs. price of CHF484.45 (185% above fair value)
Industry Position: 51.1% above the Semiconductors median (#467 of 749)
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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