Applied Materials price to free cash flow AMAT

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 53.2×
10-year median: 19.2×
Against its 10-year history: 95th; percentile: 0 is its lowest day, 100 its highest
10-year range: 9.2× to 93.1×
Peer median: 44.4×

Applied Materials' price to free cash flow is 53.2× as of Oct 23, 2026.

That is above its ten-year median of 19.2×, higher than on 95% of days in the last ten years.

Over that time it ranged from 9.2× in Dec 2018 to 93.1× in Jun 2026.

The median for 10 semiconductor stocks of a similar size is 44.4×.

Price to free cash flow over time

median 19.2×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	53.2×	37.4×	93.1×
2025	36.4×	17.4×	36.7×
2024	18.1×	16.3×	29.6×
2023	17.7×	15.7×	26.3×
2022	17.8×	13.1×	31.1×
2021	29.3×	22.9×	34.2×
2020	23.3×	11.7×	27.4×
2019	20.0×	10.2×	20.2×
2018	9.8×	9.2×	18.6×
2017	16.5×	13.6×	18.2×
2016	15.7×	15.7×	25.3×
2015	22.6×	17.9×	26.2×
2014	19.7×	19.5×	53.6×
2013	49.3×	8.3×	49.3×
2012	8.0×	6.5×	8.4×
2011	6.3×	6.1×	14.1×
2010	12.0×	11.4×	16.1×

Against its peers

Companies in Semiconductors nearest Applied Materials' size, closest first, today.

Company	Price to free cash flow
AMATApplied Materials	53.2×
LRCXLam Research	n/m
TXNTexas Instruments	n/m
INTCIntel	155×
MRVLMarvell Technology	116×
KLACKLA	50.5×
ADIAnalog Devices	38.4×
QCOMQUALCOMM	17.7×
AMDAdvanced Micro Devices	100×
MUMicron Technology	16.8×
TELTE Connectivity	18.2×
Peer median	44.4×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Applied Materials

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.