Applied Materials Inc (AMAT) is overvalued and Entegris Inc (ENTG) is fairly valued.
Against our estimates of intrinsic value, ENTG trades at the wider discount: a margin of safety of +1%, against -225% for AMAT.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 12.0% (average of 3 methods) values the shares at $145.26; the price of $472.46 is 225% above that value, and 66% of that value comes from beyond year five.
Leak Score 73/100 on 10 of 12 signals
A 8.0x revenue multiple, adjusted for growth and margin, values the shares at $152.30; the price of $151.11 is 1% below that value.
Leak Score 38/100 on 10 of 12 signals
| Metric | AMAT | ENTG |
|---|---|---|
| Verdict | Overvalued | Fairly valued |
| Price | $472.46 | $151.11 |
| Intrinsic value | $145.26 | $152.30 |
| Margin of safety | -225% | +1% |
| Leak Score | 73/100 (10/12) | 38/100 (10/12) |
| Market cap | $374.9B | $23.1B |
| Revenue growth, 5 years | 10.5% | 11.4% |
| Operating margin | 31.1% | 17.1% |
| Net margin | 30.0% | 9.2% |
| Return on equity | 41.1% | 7.7% |
| Debt to equity | 0.29 | 0.86 |
| P/E | 40.7x | 75.7x |
| Forward P/E | 25.2x | 29.9x |
| P/B | 14.6x | 5.5x |
| Dividend yield | 0.4% | 0.2% |