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Applied Materials (Applied Materials) Cyclically Adjusted Price-to-FCF : 46.54 (As of Apr. 27, 2024)


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What is Applied Materials Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Applied Materials's current share price is $203.38. Applied Materials's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $4.37. Applied Materials's Cyclically Adjusted Price-to-FCF for today is 46.54.

The historical rank and industry rank for Applied Materials's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

AMAT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 13.64   Med: 29.02   Max: 63.5
Current: 45.2

During the past years, Applied Materials's highest Cyclically Adjusted Price-to-FCF was 63.50. The lowest was 13.64. And the median was 29.02.

AMAT's Cyclically Adjusted Price-to-FCF is ranked worse than
57.48% of 341 companies
in the Semiconductors industry
Industry Median: 35.23 vs AMAT: 45.20

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Applied Materials's adjusted free cash flow per share data for the three months ended in Jan. 2024 was $2.504. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $4.37 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Applied Materials Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Applied Materials's Cyclically Adjusted Price-to-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.

* Premium members only.

Applied Materials Cyclically Adjusted Price-to-FCF Chart

Applied Materials Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.40 27.37 52.02 27.60 31.77

Applied Materials Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.33 30.40 38.01 31.77 37.60

Competitive Comparison of Applied Materials's Cyclically Adjusted Price-to-FCF

For the Semiconductor Equipment & Materials subindustry, Applied Materials's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-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's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Applied Materials's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Applied Materials's Cyclically Adjusted Price-to-FCF falls into.



Applied Materials Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Applied Materials's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=203.38/4.37
=46.54

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Applied Materials's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=2.504/129.4194*129.4194
=2.504

Current CPI (Jan. 2024) = 129.4194.

Applied Materials Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.303 100.023 0.392
201407 0.421 100.520 0.542
201410 0.279 100.176 0.360
201501 0.009 98.604 0.012
201504 0.189 99.824 0.245
201507 0.232 100.691 0.298
201510 0.351 100.346 0.453
201601 0.120 99.957 0.155
201604 0.388 100.947 0.497
201607 0.852 101.524 1.086
201610 0.739 101.988 0.938
201701 0.669 102.456 0.845
201704 0.767 103.167 0.962
201707 1.198 103.278 1.501
201710 0.544 104.070 0.677
201801 1.179 104.578 1.459
201804 0.471 105.708 0.577
201807 0.498 106.324 0.606
201810 0.924 106.695 1.121
201901 0.726 106.200 0.885
201904 0.719 107.818 0.863
201907 0.741 108.250 0.886
201910 0.784 108.577 0.934
202001 0.955 108.841 1.136
202004 0.611 108.173 0.731
202007 0.846 109.318 1.002
202010 1.253 109.861 1.476
202101 1.405 110.364 1.648
202104 1.060 112.673 1.218
202107 1.687 115.183 1.896
202110 1.039 116.696 1.152
202201 2.803 118.619 3.058
202204 0.232 121.978 0.246
202207 1.449 125.002 1.500
202210 0.738 125.734 0.760
202301 2.336 126.223 2.395
202304 2.405 127.992 2.432
202307 2.762 128.974 2.772
202310 1.480 129.810 1.476
202401 2.504 129.419 2.504

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Applied Materials  (NAS:AMAT) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Applied Materials Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Applied Materials's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Applied Materials (Applied Materials) Business Description

Industry
Address
3050 Bowers Avenue, P.O. Box 58039, Santa Clara, CA, USA, 95052-8039
Applied Materials is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world. Applied Materials has a broad portfolio spanning nearly every corner of the WFE ecosystem. Specifically, Applied Materials holds a market share leadership position 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.
Executives
Omkaram Nalamasu officer: Senior VP, CTO C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Brice Hill officer: SVP, CFO 2100 LOGIC DRIVE, SAN JOSE CA 95124
Teri A. Little officer: SVP, CLO ONE TECHNOLOGY DRIVE, MILPITAS CA 95035
Timothy M Deane officer: GVP, Applied Global Services C/O APPLIED MATERIALS, INC., 3050 BOWERS AVE, PO BOX 58039, SANTA CLARA CA 95052
Xun Chen director 35 DORY RD., GLOUCESTER MA 01930
Kevin P March director 12500 TI BLVD, DALLAS TX 75243
Jeff Bodner officer: CVP, Corp. Controller & CAO C/O ESS TECH INC, 26440 SW PARKWAY AVE BLDG. 83, WILSONVILLE CA 97070
Gary E Dickerson director, officer: President and CEO
Ginetto Addiego officer: SVP, Engineering 4000 NORTH FIRST STREET, SAN JOSE CA 95134
Daniel Durn officer: Senior VP C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Prabu G. Raja officer: SVP, Semi. Products Group C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052
Thomas J Iannotti director C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Rani Borkar director C/O APPLIED MATERIALS, INC., 3050 BOWERS AVE, PO BOX 58039, SANTA CLARA CA 95052
Alexander Karsner director C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Stephen R Forrest director C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039