Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Applied MaterialsXSWX:AMAT -8.74%82 Intrinsic Value: Projected FCF is CHF105.99 as of Aug. 15, 2026, which is 100% below its 10-year median of 1.56. GuruFocus rates XSWX:AMAT with a GF Score™ of 82/100 and a GF Value™ of CHF190.59 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 595 Semiconductors companies, Applied Materials ranks worse than 61.34% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-08-15), Applied Materials's Intrinsic Value: Projected FCF is CHF105.99. The stock price of Applied Materials is CHF412.75. Therefore, Applied Materials's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.
The historical rank and industry rank for Applied Materials's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Applied Materials was 3.16. The lowest was 0.94. And the median was 1.56.
XSWX:AMAT's Price-to-Projected-FCF is not ranked *
in the Semiconductors industry.
Industry Median: 2.91 * Ranked among companies with meaningful Price-to-Projected-FCF only.
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Applied Materials's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
412.75
/
99.918798666915
=
4.13
* 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 Intrinsic Value: Projected FCF Related Terms
Applied Materials Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Applied Materials's Intrinsic Value: Projected FCF 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: Intrinsic Value: Projected FCF Comparison
For the Semiconductor Equipment & Materials subindustry, Applied Materials's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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 Price-to-Projected-FCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Applied Materials's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Applied Materials's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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 Intrinsic Value: Projected FCF of CHF105.99 mean?
Applied Materials (XSWX:AMAT) has a Intrinsic Value: Projected FCF of CHF105.99 as of Aug. 15, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Applied Materials and its competitors. This is 6694% above median its historical median of 1.56. Over the past decade, Applied Materials' Intrinsic Value: Projected FCF has ranged from 0.94 to 3.16. According to the industry distribution chart, Applied Materials ranks #365 out of 595 companies in the Semiconductors industry, placing it in the top 61.3%.
Is Applied Materials' Intrinsic Value: Projected FCF too high?
Applied Materials' current Intrinsic Value: Projected FCF of CHF105.99 is 6694% above median its 10-year median of 1.56. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 3.16. Based on the distribution chart, Applied Materials ranks #365 out of 595 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Applied Materials has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Materials' Intrinsic Value: Projected FCF compare to LRCX and KLAC?
According to the Semiconductors industry distribution chart, Applied Materials ranks #365 out of 595 companies for Intrinsic Value: Projected FCF. This places Applied Materials in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 2.91. Historically, Applied Materials' own Intrinsic Value: Projected FCF has ranged from 0.94 to 3.16 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Semiconductors company?
The median Intrinsic Value: Projected FCF among Semiconductors companies is 2.91, based on 595 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Applied Materials and its competitors. For the Semiconductors industry, the median Intrinsic Value: Projected FCF is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Materials's current Intrinsic Value: Projected FCF is CHF105.99, which is 6694% above median its own 10-year median of 1.56. 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 CHF190.59, compared to a current price of CHF412.75 — trading 116.6% above its estimated fair value. The current Intrinsic Value: Projected FCF is CHF105.99, which is 6694% above median its 10-year median of 1.56. Applied Materials' overall GF Score™ is 82/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Applied Materials (XSWX:AMAT), the current Intrinsic Value: Projected FCF is CHF105.99 as of Aug. 15, 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 CHF412.75 is trading 116.6% above its estimated GF Value™ of CHF190.59.
GuruFocus considers Applied Materials to be Significantly Overvalued.
Key valuation signals for XSWX:AMAT:
Intrinsic Value: Projected FCF: CHF105.99 (6694% above median its 10-year median of 1.56)
GF Value™: CHF190.59 vs. price of CHF412.75 (116.6% above fair value)
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.
82GF Score
Get the complete analysis for XSWX:AMAT
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:AMAT has been successfully added to your 
