Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 35.49.
Forward PE Ratio (35.49) = Close Price ($472.79) / Consensus Forward EPS ($12.81)
FORWARD PE RATIO
35.49
SECTOR MEDIAN · TECHNOLOGY
27.24
median of 155 covered companies
CURRENT VS SECTOR MEDIAN
+30.29%
vs the sector median at left
Applied Materials, Inc.
Market Cap
$375.38B
Forward PE Ratio
35.49
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Applied Materials, Inc. (AMAT) | $375.38B | 35.49 |
| Palantir Technologies Inc. (PLTR)vs › | $391.02B | 109.31 |
| Dell Technologies Inc. (DELL)vs › | $354.23B | 52.57 |
| Lam Research Corporation (LRCX)vs › | $400.71B | 54.02 |
| Cisco Systems, Inc. (CSCO)vs › | $430.29B | 25.53 |
| Oracle Corporation (ORCL)vs › | $468.13B | 21.21 |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $279.31B | 143.82 |
| Palo Alto Networks, Inc. (PANW)vs › | $274.64B | N/A |
| Sandisk Corporation (SNDK)vs › | $257.38B | 26.04 |
| KLA Corporation (KLAC)vs › | $246.86B | 50.03 |
Trailing P/E
39.2
reported TTM EPS
Forward P/E
35.5
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $12.81 implies +10.4% EPS growth vs the reported trailing $11.60.
At today's $472.79 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 | $12.81 | $12.56 – $13.01 | 21 | 36.9x |
| 2027-10-26 | $18.67 | $17.13 – $19.67 | 23 | 25.3x |
| 2028-10-26 | $24.46 | $19.84 – $30.55 | 15 | 19.3x |
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.
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
