P/E Ratio

The P/E ratio of 36.9x means investors are paying $36.90 for every $1 of Applied Materials’ past year’s earnings, which is a common way to gauge how expensive a stock is relative to its profitability.

Among Technology sector peers, the median P/E is 37.2x, and Applied Materials sits at the 49th percentile — essentially right in the middle of the pack. No historical trend data is available: the year-over-year change, quarter-over-quarter change, and trajectory over the last eight quarters are all listed as not applicable. With no trend to reinforce or weaken the current multiple, the assessment rests solely on the level — which is nearly identical to the sector median. This neutral positioning implies neither a clear overvaluation risk nor a distinct opportunity based on valuation alone. The 36.9x P/E supports the overall NEUTRAL verdict because it does not deviate measurably from the sector norm and lacks directional movement to tilt the outlook bullish or bearish.

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