Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Applied Materials's Enterprise Value is €466,277 Mil.
Applied Materials's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was €9,118 Mil. Therefore, Applied Materials's EV-to-EBIT ratio for today is 51.14.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Applied Materials's Enterprise Value is €466,277 Mil.
Applied Materials's EBITDA for the trailing twelve months (TTM) ended in Apr. 2026 was €9,536 Mil. Therefore, Applied Materials's EV-to-EBITDA ratio for today is 48.90.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Applied Materials's Enterprise Value is €466,277 Mil.
Applied Materials's Revenue for the trailing twelve months (TTM) ended in Apr. 2026 was €24,829 Mil. Therefore, Applied Materials's EV-to-Revenue ratio for today is 18.78.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Applied Materials (HAM:AP2) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Applied Materials's current Enterprise Value is €466,277 Mil.
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 €9,118 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Applied Materials's current Enterprise Value is €466,277 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 €9,536 Mil.
Applied Materials's current Enterprise Value is €466,277 Mil.
Applied Materials's Revenue 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 €24,829 Mil.
Applied Materials's current Enterprise Value is €466,277 Mil.
Applied Materials's Cash Flow from Operations 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 €6,844 Mil.
Applied Materials's current Enterprise Value is €466,277 Mil.
Applied Materials's Free Cash Flow 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 €4,576 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 Enterprise Value Related Terms
Applied Materials Enterprise Value Historical Data
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The historical data trend for Applied Materials's Enterprise Value 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.
HAM:AP2 vs LRCX, KLAC, TER: Enterprise Value Comparison
For the Semiconductor Equipment & Materials subindustry, Applied Materials's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Applied Materials's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Applied Materials's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Applied Materials's Enterprise Value for the fiscal year that ended in Oct. 2025 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.
What does a Enterprise Value of €466,277 Mil mean?
Applied Materials (HAM:AP2) has a Enterprise Value of €466,277 Mil as of Jun. 26, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Applied Materials and its competitors.
Is Applied Materials' Enterprise Value too high?
Applied Materials' current Enterprise Value is €466,277 Mil. Overall, Applied Materials has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Materials' Enterprise Value compare to LRCX and KLAC?
Applied Materials' Enterprise Value of €466,277 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Semiconductors company?
A good Enterprise Value depends on the Semiconductors industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Applied Materials and its competitors. Applied Materials's current Enterprise Value is €466,277 Mil. 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 (HAM:AP2) is currently considered Significantly Overvalued. The stock's GF Value™ is €180.04, compared to a current price of €552.30 — trading 206.8% above its estimated fair value. The current Enterprise Value is €466,277 Mil. Applied Materials' overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Applied Materials (HAM:AP2), the current Enterprise Value is €466,277 Mil as of Jun. 26, 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 (HAM:AP2) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Materials stock appears to be overvalued.
The current stock price of €552.30 is trading 206.8% above its estimated GF Value™ of €180.04.
GuruFocus considers Applied Materials to be Significantly Overvalued.
Key valuation signals for HAM:AP2:
Enterprise Value: €466,277 Mil
GF Value™: €180.04 vs. price of €552.30 (206.8% above fair value)
No single metric tells the full story. See the HAM:AP2 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.
85GF Score
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