How does Amtech's valuation metrics (P/E, EV/EBITDA, priceâtoâsales) compare to peers like Applied Materials, Lam Research, and KLA?
Answer
The press release you shared only announces that AmtechâŻSystems (NASDAQ:âŻASYS) will report its fiscalâŻQ3âŻ2025 results onâŻAugustâŻ6âŻ2025.âŻIt does not contain any valuation multiplesâsuch as the priceâtoâearnings (P/E) ratio, enterpriseâvalueâtoâEBITDA (EV/EBITDA) multiple, or priceâtoâsales (P/S) ratioâfor Amtech or for its peers (Applied Materials, Lam Research, KLA).
Because those figures arenât in the news release, I canât provide a direct, dataâdriven comparison here. However, I can outline the steps you can take to obtain the relevant metrics and how to interpret them when you do a peerâcomparison.
How to Gather the Valuation Metrics
Metric | What It Shows | How to Calculate (or where to find it) |
---|---|---|
P/E (PriceâtoâEarnings) | Market price relative to earnings per share. A lower P/E can indicate the market values the stock cheaper relative to its earnings. | P/E = Current Share Price Ă· (Trailing 12âMonth EPS) âŻData sources: Bloomberg, Reuters, YahooâŻFinance, Nasdaq.com, or your brokerageâs research screeners. |
EV/EBITDA (Enterprise Value Ă· EBITDA) | Enterprise value (market cap + debt â cash) relative to operating cash generation. Useful for comparing firms with different capital structures. | EV/EBITDA = (Market Cap + Total Debt â Cash) Ă· EBITDA (TTM or FY) . âŻData sources: FactSet, S&P Capital IQ, Bloomberg, or free sites such as MarketWatch and Macrotrends. |
P/S (PriceâtoâSales) | Market price relative to revenue per share. Helpful for companies with little or negative earnings. | P/S = Current Share Price Ă· (Revenue per Share) . âŻData sources: Same as above. |
Typical dataâcollection workflow
- Identify the âTrailing TwelveâMonthâ (TTM) or most recent fiscalâyear figures for each company (revenue, EBITDA, net income, EPS).
- Pull the latest market price (or the closing price on the day youâre doing the analysis).
- Gather balanceâsheet items (total debt, cash, marketâcap) to compute EV.
- Enter the numbers into a spreadsheet or a valuationâscreening tool to generate the three multiples for each firm.
Interpreting the Peer Comparison
Situation | Interpretation |
---|---|
Amtechâs P/E is lower than Applied Materials, Lam Research, and KLA | The market may view Amtech as a cheaper earnings playâpotentially because of slower growth expectations, higher risk, or a more cyclical exposure. |
Amtechâs EV/EBITDA is higher than peers | Investors are paying more for Amtechâs operating cash flow, which could suggest optimism about future margin expansion, or it could reflect a higher leverage (more debt) that inflates EV. |
Amtechâs P/S is below peers | The stock is priced lower relative to its sales, which can be attractive if Amtech can grow revenue at a comparable or faster rate than the peers. |
All three multiples line up closely with peers | The market is valuing Amtech similarly to the broader semiconductor equipment sector, indicating comparable growth, profitability, and risk profiles. |
Amtechâs multiples are significantly above peers | The market may be pricing in strong growth expectations, superior technology positioning, or a recent âbuyâtheâdipâ sentiment. Conversely, it could also signal overvaluation if fundamentals donât support the premium. |
Quick Ways to Get a Current Snapshot (if you need an immediate answer)
- YahooâŻFinance: Search for âASYSâ, âALNYâ (Applied Materials), âLRNâ (Lam Research), âKLACâ (KLA). The âStatisticsâ tab lists P/E, P/S, and sometimes EV/EBITDA.
- NASDAQ.com: Similar to Yahoo, provides P/E and P/S; EV/EBITDA may need a manual EV calculation.
- Google Finance: Type the ticker and view âKey statsâ.
- Financial data platforms (Bloomberg, FactSet, S&P Capital IQ): Offer all three multiples and allow you to export a peerâcomparison table instantly.
Example (illustrative only â do not treat as actual data)
Company | P/E (TTM) | EV/EBITDA (FY) | P/S (TTM) |
---|---|---|---|
Amtech Systems (ASYS) | 12.5x | 8.3x | 1.4x |
Applied Materials (ALNY) | 18.2x | 12.1x | 2.0x |
Lam Research (LRN) | 21.0x | 15.5x | 2.3x |
KLA (KLAC) | 24.5x | 17.8x | 2.7x |
If the numbers above were real, Amtech would be the most âcheapâ of the four on a earnings and sales basis, while still commanding a modest EV/EBITDA multiple relative to its peers.
What to Do Next
- Pull the latest market data for ASYS, ALNY, LRN, and KLAC on the day you need the comparison.
- Calculate or retrieve the three multiples using the methods above.
- Place the results in a sideâbyâside table (as shown in the illustrative example) and add a brief commentary on which company looks most attractively priced and why.
- Consider growth expectations (e.g., projected capex, R&D pipelines, endâmarket demand) to contextualize the multiplesâvaluation alone doesnât capture future potential.
Bottom line
- The current press release does not provide the P/E, EV/EBITDA, or priceâtoâsales figures for Amtech or its peers.
- To answer your question accurately, youâll need to retrieve those metrics from a market data source (e.g., Bloomberg, YahooâŻFinance, or a brokerage research platform) and then compare them directly.
- Once you have the numbers, you can interpret the relative valuation using the guidelines above, highlighting where Amtech stands as a âdiscountedâ or âpremiumâ player relative to Applied Materials, Lam Research, and KLA.
If you obtain the specific multiples and would like help interpreting them, feel free to share the numbers and I can provide a more detailed comparative analysis.