THEME VALUATION
Semiconductor Value Chain Valuation - Relative valuation snapshots for comparable companies inside a theme.
Official Theme ValuationPublished
Semiconductor Value Chain Valuation
Compares relative valuation levels inside the Semiconductor Value Chain theme.
Models compared
5
Companies valued
12
Median P/E (peer)
58.79
Generated: Jul 18, 2026, 04:32 AM
Data as of: 2026-07-17
Theme Valuation· 6 analyses
Relative valuation snapshots for comparable companies inside a theme.
Upside by Blended Model Fair Value
For each company the median fair value across five models is read against the current price.
- QCOM+230.1%
- INTC+163.3%
- TXN+55.5%
- MU+2.2%
- ADI-2.1%
- LRCX-2.3%
- AMD-16.4%
- NVDA-22.3%
- AMAT-37%
- AVGO-38.7%
- ASML.AS-48.9%
- KLAC-89.9%
Theme Valuation Map
Each bubble is a theme: the horizontal axis is median P/E (cheapness), the vertical axis median Piotroski F-score (fundamental quality). Top-left is cheap and high quality, bottom-right is expensive and weak.
Median Piotroski F-score
Median P/E
AI Platforms and ModelsAI Chips and AcceleratorsAI Data Center InfrastructureAI Software LayerSemiconductor Value ChainDigital InfrastructureCybersecurityRobotics and AutomationDefense and Sovereign TechnologySpace and Satellite EconomyStrategic MineralsCopper and Power TransmissionBattery and Energy StorageNuclear Fuel and UraniumClean Energy EquipmentWater Scarcity and InfrastructureNext-Generation HealthcarePharmaceutical ManufacturersFinancial Rails and PaymentsDigital Commerce and MarketplacesFood SecurityAgricultural TechnologyCircular Economy and Waste
| Theme | Median P/E | Median Piotroski F-score |
|---|---|---|
| AI Platforms and Models | 21.4 | 4 |
| AI Chips and Accelerators | 64.8 | 5 |
| AI Data Center Infrastructure | 35.9 | 5 |
| AI Software Layer | 19.2 | 5 |
| Semiconductor Value Chain | 61.7 | 5 |
| Digital Infrastructure | 28.8 | 5 |
| Cybersecurity | 33.2 | 5 |
| Robotics and Automation | 32.7 | 5 |
| Defense and Sovereign Technology | 36.4 | 5 |
| Space and Satellite Economy | 44.3 | 5 |
| Strategic Minerals | 19.1 | 5 |
| Copper and Power Transmission | 35.1 | 5 |
| Battery and Energy Storage | 20.3 | 5 |
| Nuclear Fuel and Uranium | 35.5 | 4 |
| Clean Energy Equipment | 30.7 | 5 |
| Water Scarcity and Infrastructure | 24.1 | 5 |
| Next-Generation Healthcare | 27.8 | 4 |
| Pharmaceutical Manufacturers | 21 | 5 |
| Financial Rails and Payments | 21.7 | 5 |
| Digital Commerce and Marketplaces | 32 | 5 |
| Food Security | 25.9 | 5 |
| Agricultural Technology | 23.6 | 4 |
| Circular Economy and Waste | 27.8 | 5 |
Model Confidence Gauge
“Coverage” is how many companies a model could value; “Agreement” is how close the model’s fair value sits to the blended median. Higher on both means a more dependable model.
P/E (peer median)Relative
Coverage
92%
Agreement
68%
EV/EBITDA (peer median)Relative
Coverage
100%
Agreement
98%
P/S (peer median)Relative
Coverage
100%
Agreement
94%
Owner EarningsIntrinsic
Coverage
92%
Agreement
33%
FCF YieldIntrinsic
Coverage
92%
Agreement
42%
Datafin’s View
Semiconductor multiples swing hard with the cycle; the goal here is to flag names that look cheap on durable earnings, not just peak ones.
Comparing multiples inside one theme is cleaner than across unrelated sectors, because every name here shares the same cyclical weather.
This analysis is for informational purposes only and is not investment advice; it is a repeatable research starting point using the same rules.
How to Read the Models
The multiple models (P/E, EV/EBITDA, P/S) value each company at the theme peer-median multiple, so the fair value reflects cheap/expensive relative to peers.
The intrinsic models (Owner Earnings, FCF Yield) give an absolute reference based on cash and earnings power, independent of peers.
“Blended FV” is the median across these models; “Upside” is the gap to the current price.
Results
Latest published or live-generated results from the official Datafin analysis.
| # | Stock | Price | P/E(peer median) | EV/EBITDA(peer median) | P/S(peer median) | Owner Earnings | FCF Yield | Blended FV | Upside | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 🇺🇸 | QCOM.US Qualcomm Incorporated | $128.78 | $544.19 | $425.05 | $621.04 | $75.52 | $116.62 | $425.05 | +230.1% |
| 2 | 🇺🇸 | INTC.US Intel Corporation | $44.13 | - | $74.07 | $158.29 | - | - | $116.18 | +163.3% |
| 3 | 🇺🇸 | TXN.US Texas Instruments Incorporated | $194.14 | $345.21 | $308.51 | $301.89 | $31.01 | $40.71 | $301.89 | +55.5% |
| 4 | 🇺🇸 | MU.US Micron Technology Inc | $1,154.29 | $2,591.52 | $1,977.81 | $1,179.88 | $256.35 | $430.25 | $1,179.88 | +2.2% |
| 5 | 🇺🇸 | ADI.US Analog Devices Inc | $397.17 | $397.17 | $406.92 | $388.74 | $80.47 | $93.08 | $388.74 | -2.1% |
| 6 | 🇺🇸 | LRCX.US Lam Research Corp | $213.66 | $313.66 | $208.78 | $258.07 | $41.45 | $51.31 | $208.78 | -2.3% |
| 7 | 🇺🇸 | AMD.US Advanced Micro Devices Inc | $203.43 | $178.47 | $170.03 | $339.70 | $34.73 | $51.96 | $170.03 | -16.4% |
| 8 | 🇺🇸 | NVDA.US NVIDIA Corporation | $200.09 | $384.71 | $264.37 | $155.53 | $53.39 | $48.82 | $155.53 | -22.3% |
| 9 | 🇺🇸 | AMAT.US Applied Materials Inc | $723.00 | $626.01 | $455.28 | $543.62 | $64.66 | $66.85 | $455.28 | -37% |
| 10 | 🇺🇸 | AVGO.US Broadcom Inc | $377.75 | $353.47 | $272.81 | $231.61 | $63.59 | $67.19 | $231.61 | -38.7% |
| 11 | 🇳🇱 | ASML.AS ASML Holding N.V. | €1,721.40 | €1,621.54 | €879.24 | €1,370.71 | €221.29 | €222.92 | €879.24 | -48.9% |
| 12 | 🇺🇸 | KLAC.US KLA Corporation | $1,472.41 | $208.41 | $152.24 | $148.76 | $29.57 | $30.47 | $148.76 | -89.9% |
1🇺🇸
QCOM.US
Qualcomm Incorporated
- Price
- $128.78
- P/E(peer median)
- $544.19
- EV/EBITDA(peer median)
- $425.05
- P/S(peer median)
- $621.04
- Owner Earnings
- $75.52
- FCF Yield
- $116.62
- Blended FV
- $425.05
- Upside
- +230.1%
2🇺🇸
INTC.US
Intel Corporation
- Price
- $44.13
- P/E(peer median)
- -
- EV/EBITDA(peer median)
- $74.07
- P/S(peer median)
- $158.29
- Owner Earnings
- -
- FCF Yield
- -
- Blended FV
- $116.18
- Upside
- +163.3%
3🇺🇸
TXN.US
Texas Instruments Incorporated
- Price
- $194.14
- P/E(peer median)
- $345.21
- EV/EBITDA(peer median)
- $308.51
- P/S(peer median)
- $301.89
- Owner Earnings
- $31.01
- FCF Yield
- $40.71
- Blended FV
- $301.89
- Upside
- +55.5%
4🇺🇸
MU.US
Micron Technology Inc
- Price
- $1,154.29
- P/E(peer median)
- $2,591.52
- EV/EBITDA(peer median)
- $1,977.81
- P/S(peer median)
- $1,179.88
- Owner Earnings
- $256.35
- FCF Yield
- $430.25
- Blended FV
- $1,179.88
- Upside
- +2.2%
5🇺🇸
ADI.US
Analog Devices Inc
- Price
- $397.17
- P/E(peer median)
- $397.17
- EV/EBITDA(peer median)
- $406.92
- P/S(peer median)
- $388.74
- Owner Earnings
- $80.47
- FCF Yield
- $93.08
- Blended FV
- $388.74
- Upside
- -2.1%
6🇺🇸
LRCX.US
Lam Research Corp
- Price
- $213.66
- P/E(peer median)
- $313.66
- EV/EBITDA(peer median)
- $208.78
- P/S(peer median)
- $258.07
- Owner Earnings
- $41.45
- FCF Yield
- $51.31
- Blended FV
- $208.78
- Upside
- -2.3%
7🇺🇸
AMD.US
Advanced Micro Devices Inc
- Price
- $203.43
- P/E(peer median)
- $178.47
- EV/EBITDA(peer median)
- $170.03
- P/S(peer median)
- $339.70
- Owner Earnings
- $34.73
- FCF Yield
- $51.96
- Blended FV
- $170.03
- Upside
- -16.4%
8🇺🇸
NVDA.US
NVIDIA Corporation
- Price
- $200.09
- P/E(peer median)
- $384.71
- EV/EBITDA(peer median)
- $264.37
- P/S(peer median)
- $155.53
- Owner Earnings
- $53.39
- FCF Yield
- $48.82
- Blended FV
- $155.53
- Upside
- -22.3%
9🇺🇸
AMAT.US
Applied Materials Inc
- Price
- $723.00
- P/E(peer median)
- $626.01
- EV/EBITDA(peer median)
- $455.28
- P/S(peer median)
- $543.62
- Owner Earnings
- $64.66
- FCF Yield
- $66.85
- Blended FV
- $455.28
- Upside
- -37%
10🇺🇸
AVGO.US
Broadcom Inc
- Price
- $377.75
- P/E(peer median)
- $353.47
- EV/EBITDA(peer median)
- $272.81
- P/S(peer median)
- $231.61
- Owner Earnings
- $63.59
- FCF Yield
- $67.19
- Blended FV
- $231.61
- Upside
- -38.7%
11🇳🇱
ASML.AS
ASML Holding N.V.
- Price
- €1,721.40
- P/E(peer median)
- €1,621.54
- EV/EBITDA(peer median)
- €879.24
- P/S(peer median)
- €1,370.71
- Owner Earnings
- €221.29
- FCF Yield
- €222.92
- Blended FV
- €879.24
- Upside
- -48.9%
12🇺🇸
KLAC.US
KLA Corporation
- Price
- $1,472.41
- P/E(peer median)
- $208.41
- EV/EBITDA(peer median)
- $152.24
- P/S(peer median)
- $148.76
- Owner Earnings
- $29.57
- FCF Yield
- $30.47
- Blended FV
- $148.76
- Upside
- -89.9%
Methodology
P/E (peer median)Values the company at the theme-median price/earnings multiple.
EV/EBITDA (peer median)Values the company at the theme-median EV/EBITDA multiple, net of debt.
P/S (peer median)Values the company at the theme-median price/sales multiple.
Owner EarningsBuffett owner-earnings: net income + depreciation − capex, capitalised.
FCF YieldCapitalises free cash flow per share at a target yield.
Last 5 Updates
Jul 18, 2026, 04:32 AM12 companies
Entered:ADI.US
Exited:MRVL.US
Jul 12, 2026, 05:00 AM12 companies
Entered:MRVL.US
Exited:ADI.US
May 31, 2026, 08:34 AM12 companies
First run.