Forward PE Ratio: 46.61
The forward PE ratio is 46.61 as of Thursday, July 9, 2026.
Forward PE Ratio (46.61) = Close Price ($588.66) / Consensus Forward EPS ($12.24)
AMAT Forward PE Ratio Metrics
FORWARD PE RATIO
46.61
AMAT Competitors' Forward PE Ratio
Applied Materials, Inc.
Market Cap
$467.37B
Forward PE Ratio
46.61
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Applied Materials, Inc. (AMAT) | $467.37B | 46.61 |
| Cisco Systems, Inc. (CSCO)vs › | $466.31B | 26.62 |
| Lam Research Corporation (LRCX)vs › | $441.66B | 58.58 |
| Oracle Corporation (ORCL)vs › | $415.57B | 18.77 |
| Intel Corp. (INTC)vs › | $565.63B | 102.19 |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $348.85B | 171.29 |
| KLA Corporation (KLAC)vs › | $299.82B | 59.66 |
| Dell Technologies Inc. (DELL)vs › | $299.06B | 43.33 |
| Palantir Technologies Inc. (PLTR)vs › | $296.28B | 90.72 |
| Texas Instruments Incorporated (TXN)vs › | $280.79B | 39.11 |
Trailing vs Forward
Trailing P/E
53.6
reported TTM EPS
Forward P/E
46.6
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $12.24 implies +15.0% EPS growth vs the reported trailing $10.64.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $588.66 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-10-26 | $12.24 | $11.63 – $12.53 | 20 | 48.1x |
| 2027-10-26 | $16.59 | $12.96 – $17.86 | 19 | 35.5x |
| 2028-10-26 | $20.97 | $15.20 – $27.46 | 10 | 28.1x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
Forward PE Ratio Formula & Definition
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Forward PE Ratio FAQ
- What is the forward PE ratio for Applied Materials, Inc. (AMAT)?
- The forward PE ratio for AMAT stock is 46.61.
Related Metrics
About Applied Materials, Inc.
Applied Materials, Inc. engages in provision of materials engineering solutions used to produce semiconductors. The firm also focuses on design, development, production, and servicing of the critical wafer fabrication tools used for customers to manufacture semiconductors. It operates through the following segments: Semiconductor Systems and Applied Global Services (AGS). The Semiconductor Systems segment includes designing, development, manufacturing and sale of equipment used to fabricate semiconductor chips referred to as integrated circuits. The AGS segment engages in provision of services, spares, and factory automation software to customer fabrication plants globally. The company was founded on November 10, 1967 and is headquartered in Santa Clara, CA.
- Sector
- Technology
- Industry
- Semiconductors
- CEO
- Gary E. Dickerson