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Applied Materials (Applied Materials) Cyclically Adjusted PS Ratio : 9.84 (As of Apr. 27, 2024)


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What is Applied Materials Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Applied Materials's current share price is $203.38. Applied Materials's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was $20.67. Applied Materials's Cyclically Adjusted PS Ratio for today is 9.84.

The historical rank and industry rank for Applied Materials's Cyclically Adjusted PS Ratio or its related term are showing as below:

AMAT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.09   Med: 5.14   Max: 11.9
Current: 9.56

During the past years, Applied Materials's highest Cyclically Adjusted PS Ratio was 11.90. The lowest was 2.09. And the median was 5.14.

AMAT's Cyclically Adjusted PS Ratio is ranked worse than
88.97% of 671 companies
in the Semiconductors industry
Industry Median: 2.25 vs AMAT: 9.56

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Applied Materials's adjusted revenue per share data for the three months ended in Jan. 2024 was $8.013. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $20.67 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Applied Materials Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Applied Materials's Cyclically Adjusted PS Ratio 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 PS Ratio Chart

Applied Materials Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.14 5.06 9.74 5.12 6.56

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 PS Ratio 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 6.22 6.03 7.79 6.56 7.95

Competitive Comparison of Applied Materials's Cyclically Adjusted PS Ratio

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

For the Semiconductors industry and Technology sector, Applied Materials's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Applied Materials's Cyclically Adjusted PS Ratio falls into.



Applied Materials Cyclically Adjusted PS Ratio Calculation

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

Applied Materials's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=203.38/20.67
=9.84

* 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 Revenue per Share for the quarter that ended in Jan. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=8.013/129.4194*129.4194
=8.013

Current CPI (Jan. 2024) = 129.4194.

Applied Materials Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 1.915 100.023 2.478
201407 1.837 100.520 2.365
201410 1.835 100.176 2.371
201501 1.902 98.604 2.496
201504 1.968 99.824 2.551
201507 2.023 100.691 2.600
201510 1.990 100.346 2.567
201601 1.956 99.957 2.533
201604 2.189 100.947 2.806
201607 2.581 101.524 3.290
201610 3.011 101.988 3.821
201701 3.010 102.456 3.802
201704 3.262 103.167 4.092
201707 3.457 103.278 4.332
201710 3.842 104.070 4.778
201801 3.926 104.578 4.859
201804 4.403 105.708 5.391
201807 4.141 106.324 5.040
201810 3.809 106.695 4.620
201901 3.889 106.200 4.739
201904 3.733 107.818 4.481
201907 3.801 108.250 4.544
201910 4.037 108.577 4.812
202001 4.490 108.841 5.339
202004 4.287 108.173 5.129
202007 4.767 109.318 5.644
202010 5.096 109.861 6.003
202101 5.581 110.364 6.545
202104 6.022 112.673 6.917
202107 6.749 115.183 7.583
202110 6.751 116.696 7.487
202201 6.991 118.619 7.628
202204 7.072 121.978 7.503
202207 7.503 125.002 7.768
202210 7.857 125.734 8.087
202301 7.938 126.223 8.139
202304 7.828 127.992 7.915
202307 7.622 128.974 7.648
202310 7.985 129.810 7.961
202401 8.013 129.419 8.013

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Applied Materials Cyclically Adjusted PS Ratio Related Terms

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


Applied Materials (Applied Materials) Business Description

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