# AMD – Relative valuation (2026-11-10)

Sample run by the Fair Value Coordinator. Forward multiples where public consensus exists (Fwd P/E, Fwd EV/Sales = Fwd P/S x EV/market cap, Fwd P/FCF = market cap / FY1 consensus FCF); EV/EBITDA is TTM because forward EBITDA consensus is not on the free source (data gap). Low/mid/high = peer Q1/median/Q3. TSM excluded from Fwd P/FCF (source forecast in TWD).

### Peer set: peers NVDA, AVGO, QCOM, INTC, MRVL, TSM, ARM, MU, TXN

| Peer | Fwd P/E | Fwd EV/Sales | EV/EBITDA (TTM) | Fwd P/FCF |
|---|---|---|---|---|
| NVDA | 13.9x | 7.5x | 20.1x | 21.5x |
| AVGO | 19.1x | 10.3x | 31.0x | 32.1x |
| QCOM | 18.1x | 4.3x | 18.3x | 22.3x |
| INTC | 41.8x | 4.7x | 15.9x | 3200.3x |
| MRVL | 27.4x | 8.7x | 48.0x | 49.3x |
| TSM | 19.0x | 7.7x | 15.0x | n/a |
| ARM | 70.5x | 27.1x | 169.4x | 115.6x |
| MU | 4.1x | 2.7x | 6.9x | 5.7x |
| TXN | 26.3x | 10.9x | 26.1x | 29.6x |

| Multiple | AMD now | Peer Q1 / median / Q3 (n) | Implied $/share low / mid / high |
|---|---|---|---|
| Fwd P/E | 34.2x | 18.1x / 19.1x / 27.4x (9) | $272.43 / $287.18 / $411.96 |
| Fwd EV/Sales | 10.0x | 4.7x / 7.7x / 10.3x (9) | $243.45 / $396.81 / $534.36 |
| EV/EBITDA (TTM) | 75.2x | 15.9x / 20.1x / 31.0x (9) | $112.21 / $140.87 / $214.57 |
| Fwd P/FCF | 123.4x | 22.1x / 30.8x / 65.9x (8) | $92.26 / $128.83 / $275.09 |

**Implied range (Peer set): $180.09 / $238.43 / $359.00** (equal-weight average of usable multiples)


Sources: stockanalysis.com statistics + forecast pages for AMD and each peer (S&P Global Market Intelligence data), fetched 2026-11-10 ~8:45 PM MST (Phoenix).