AMAT · sample dossier
AMAT
59/100
OutdatedGenerated Aug 13, 2026 · 5:15 AM UTC · 88 days ago
This copy is frozen (Aug 13). Sign in to run the same work — filings, valuation, bull and bear, sources — on any US stock or ETF, in about 90 seconds.
Run a fresh dossierAMAT
EquityPublic company
Decision context
Recommendation
Balanced between solid Safety (81/100) and constrained Valuation (0/100).
A mixed picture — no strong reason to buy or sell right now.
AlphaDog Fair Value
Executive thesis & key metrics
Executive Investment Thesis
Applied Materials Inc. (AMAT) is a $435.21B market cap semiconductor equipment company trading at $548.15 with a P/E ratio of 49.52 and a gross margin of 49.0%. The Hold verdict aligns with a 0/100 Value score despite robust operations featuring 11.4% YoY revenue growth and 33.5% YoY EPS expansion. The primary downside risk is valuation vulnerability, highlighted by an EV/EBITDA of 44.89 and a recent 1-month price return of -8.0%.
Key Metrics to Watch
What changed recently
No material changes found in the last 30 days.
Why this rating
Score 59 · Hold
Data through
OutdatedApr 30, 2026
The latest quarter ended 2026-04-30, more than 100 days ago.
Safety 81/100 — Debt/Equity 0.30.
Levels unavailable — AlphaDog quantitative valuation model did not produce an estimate from comps or DCF
Re-evaluate if
- Net margin falls below 23.5% (was 29.3%)
Trim / reconsider if
- ROA falls below 9.7% (was 14.9%)
- Net margin drops below 20.0%
- Debt-to-equity ratio exceeds 0.50
Dollar levels aren’t available for this run — the view above still stands.
A Calmer Look · Devil's Advocate
Both sides of the AMAT story, next to the Hold above
At a P/E ratio of 49.52, EV/EBITDA of 44.89, and P/B of 18.20, the market prices Applied Materials as an uncyclical growth compounder despite top-line revenue growth standing at just 11.4%.
May be overlooked
Financial disclosures cited from May 14, 2026 and March 13, 2026 are older than 90 days relative to the August 13, 2026 evaluation date, leaving recent quarter wafer fabrication equipment order cancellations or pushbacks unreflected in consensus estimates.
The market overlooks that capital returns ($4,900 million buybacks plus $1,400 million dividends) total $6,300 million, consuming 79.2% of $7,958 million operating cash flow and leaving limited liquidity buffering if customer capex digests.
Consensus fails to account for customer concentration risks when primary semiconductor foundries slow equipment purchases after revenue growth decelerated to 11.4% YoY.
Expectations look stretched
Extrapolating 33.5% YoY EPS growth off 11.4% YoY revenue growth assumes infinite operating leverage while gross margins are capped at 49.0%.
Assigning a P/B multiple of 18.20 and EV/EBITDA of 44.89 to a cyclical semiconductor equipment maker offers zero valuation cushion during equipment spending troughs.
Relying on a 66.6% 6-month return ignores the immediate technical breakdown, where the stock has fallen -8.0% over 1 month and dipped below its 50-day moving average.
Revenue growth YoY falls below 11.4%
Revenue growth YoY falls below 11.4%
Monitor These Triggers
3 Checkpoints · Next PrintYoY Revenue Growth (Baseline: 11.4%)
Market context
Snapshot returns at report publication
1 month
-8.0%
3 months
+27.1%
6 months
+66.6%
1 year
—
At a Glance
A very large company has mixed momentum at premium pricing.
Top Holders
Go deeper
For learning and research only — not investment advice. AlphaDog doesn’t hold stocks and isn’t your financial advisor.
Run the next one yourself.
You just read a full AMAT dossier — scored verdict, valuation, and both sides, with sources. Sign in to run that on a name you hold, on current filings. A free account includes 10 credits a week, 1 per fresh run.