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.
The historical rank and industry rank for Applied Materials's Price-to-Tangible-Book or its related term are showing as below:
XSWX:AMAT'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 7.78 Med: 10.29 Max: 18.79
Current: 16.97
During the past 13 years, Applied Materials's highest Price to Tangible Book Ratio was 18.79. The lowest was 7.78. And the median was 10.29.
XSWX:AMAT's Price-to-Tangible-Book is ranked worse than 92.02% of 977
companies
in the Semiconductors industry
Industry Median: 3.43
vs XSWX:AMAT: 16.97
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Applied Materials Price-to-Tangible-Book Related Terms
Applied Materials Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Applied Materials's Price-to-Tangible-Book 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: Price-to-Tangible-Book Comparison
For the Semiconductor Equipment & Materials subindustry, Applied Materials's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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-Tangible-Book vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Applied Materials's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Applied Materials's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Applied Materials (XSWX:AMAT) has a Price-to-Tangible-Book of 16.89 as of Sep. 01, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Applied Materials and its competitors. According to the industry distribution chart, Applied Materials ranks #899 out of 977 companies in the Semiconductors industry, placing it in the top 92%.
Is Applied Materials' Price-to-Tangible-Book too high?
Applied Materials' current Price-to-Tangible-Book is 16.89. The Semiconductors industry median Price-to-Tangible-Book is 3.43. Applied Materials' value of 16.89 is 392.4% above this industry median. Based on the distribution chart, Applied Materials ranks #899 out of 977 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Applied Materials has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Applied Materials' Price-to-Tangible-Book compare to LRCX and KLAC?
According to the Semiconductors industry distribution chart, Applied Materials ranks #899 out of 977 companies for Price-to-Tangible-Book. This places Applied Materials in the lower half of its industry. The industry median Price-to-Tangible-Book is 3.43. Applied Materials' value of 16.89 is 392.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Semiconductors company?
The median Price-to-Tangible-Book among Semiconductors companies is 3.43, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Applied Materials's current Price-to-Tangible-Book of 16.89 is 392.4% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Applied Materials and its competitors. For the Semiconductors industry, the median Price-to-Tangible-Book is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Materials's current Price-to-Tangible-Book is 16.89. 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?
Applied Materials (XSWX:AMAT) has a current Price-to-Tangible-Book of 16.89. The stock's GF Value™ is CHF194.40, compared to a current price of CHF369.80 — trading 90.2% above its estimated fair value. The current Price-to-Tangible-Book is 16.89 and 392.4% above the Semiconductors industry median of 3.43. Applied Materials' overall GF Score™ is 85/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Applied Materials (XSWX:AMAT), the current Price-to-Tangible-Book is 16.89 as of Sep. 01, 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 CHF369.80 is trading 90.2% above its estimated GF Value™ of CHF194.40.
Key valuation signals for XSWX:AMAT:
Price-to-Tangible-Book: 16.89
GF Value™: CHF194.40 vs. price of CHF369.80 (90.2% above fair value)
Industry Position: 392.4% above the Semiconductors median (#899 of 977)
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.
85GF Score
Get the complete analysis for XSWX:AMAT
Price-to-Tangible-Book 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 
