Data-driven stock valuation

Advanced Micro Devices Inc (AMD) fair value: what the stock is really worth

We calculate from audited financials what Advanced Micro Devices Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

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Technology · US · Market cap $817B · ISIN US0079031078

At a glance

Advanced Micro Devices Inc AMD · US

Price$477.57

Fair Value$55.02

Upside−88.5% ⚠

Quality75/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

A strong business, but trading 768% above our fair value of $55.02.

As of Sep 6, 2026, the fair value of Advanced Micro Devices Inc is $55.02 per share against a price of $477.57, so the fair value sits 88% below the price. A model estimate from reported figures, not an analyst target.

✓Healthy Growth (revenue 5y +28.8 %/yr)

✓Solidly profitable · 13.4% net margin

✓Low debt · generates free cash flow

!Mixed vs. peers (7/14)

!Moderate moat 59/100

!Evidence only low, so the estimate is less certain

Evidence: Low Range $41.43 to $68.62

Fair value as of: Sep 6, 2026

From 26 valuation models · updated yesterday

Share price −0.9% over the past month.

This is the short version. In the app for Advanced Micro Devices Inc:

26 models, one by oneBear $41.43 to bull $68.62 5-year chart + forecastprice, fair value, trend, scenarios Quality 75/100 in detail37 factors, each one shown Compared with its peersrank on every measure, side by side

Watch Advanced Micro Devices Inc for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

A high-quality business (quality 75/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
The price sits above even our optimistic bull case ($68.62). The favourable scenario is already priced in.
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 6, 2026.

How to read this chart

60‑month range $55.94 – $580.91 · fair‑value band $41.43 – $68.62 · the $477.57 price screens above the $55.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 6, 2026.

Full chart & analysis →

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Analysis

Advanced Micro Devices Inc (AMD) currently trades at $477.57, while our model-based Fair Value estimate is $55.02, implying the stock looks roughly 768.1% overvalued today. The Quality Score stands at 75/100 (high quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of $96.44 per share, and 0 of the 26 models we run sit above the $477.57 price. Bear case: the Asset-Based group reads lowest at $25.89, and 26 of the 26 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Advanced Micro Devices Inc generated revenue of $37.5B at a net margin of 13.4%. Revenue grew 37.8% year over year. It earns a return on equity of 8.1%. The balance sheet holds a net cash position of $1.1B. Fundamentals as of Sep 6, 2026

Scenario range: $41.43 (bear) to $68.62 (bull), the price of $477.57 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 13% below its 52-week high and 315% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −59% fair-value upside, at −88%, AMD screens richer than that median.

Fair Value models

Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then ($1.96 per share) are deliberately not added.

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely ($1.10 to $110.63). Read the values as a conservative anchor, not as a price target.

Model Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence

Highest evidence

FCF DCF $59.23 $110.63 $205.85 77

Residual Income $31.53 $33.18 $36.10 76

Growth DCF $58.80 $106.23 $192.90 75

All 26 models by family

DCF Models

FCF DCF $59.23 $110.63 $205.85 77

Owner Earnings $55.76 $104.05 $193.50 73

5Y Revenue Exit $33.66 $52.67 $77.70 72

5Y EBITDA Exit $55.28 $97.80 $151.53 74

5Y P/E Exit $55.52 $98.31 $147.69 69

10Y Revenue Exit $40.70 $61.97 $93.37 66

10Y EBITDA Exit $56.19 $96.06 $157.41 67

10Y P/E Exit $56.35 $96.44 $154.08 62

Earnings-Based

Graham-Dodd $18.08 $87.55 $120.58 64

Lynch FV $23.43 $33.47 $43.51 61

PEG = 1.0 $23.43 $33.47 $43.51 57

EPV $22.35 $25.94 $29.14 74

Dividend Discount

Gordon GGM $0.6100 $1.34 $2.25 65

DDM Multi-Stage $0.6100 $1.10 $1.40 66

Multiples

P/E Multiple $55.83 $74.44 $93.05 63

P/S Multiple $33.90 $45.20 $56.49 58

P/B Multiple $33.90 $45.20 $56.49 55

EV/EBIT $42.73 $56.33 $69.92 66

EV/EBITDA $57.41 $75.90 $94.38 67

EV/Revenue $22.57 $31.41 $40.24 54

Asset-Based

NCAV (Graham) $19.32 $25.89 $38.64 54

Growth DCF

Growth DCF $58.80 $106.23 $192.90 75

Rev-Margin DCF $33.66 $52.68 $77.66 72

Economic Profit

Residual Income $31.53 $33.18 $36.10 76

ROIC Compounder $22.35 $25.94 $29.14 72

Growth Earnings

Growth-Adj P/E $42.96 $61.37 $79.78 67

Widest divergence: DCF Models ($96.44) versus Dividend Discount ($1.10). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 167.0

P/S ratio 20.9 P/E × margin

EPS (TTM) $2.86 price ÷ EPS = P/E 167.0

Dividend yield 0.0% payout 2.0%

Net margin 12.5% FY2025

Return on equity 8.1% TTM

More key figures

Profitability

Return on assets (EBIT) 7.9% avg 5y

Operating margin 14.4% TTM

Growth

Revenue (TTM) $37.5B TTM

Revenue growth (YoY) +37.8% 3y avg +13.6%

EPS growth (YoY) +91.2%

Balance sheet & cash flow

Free cash flow $6.7B FY2025

Net cash $1.1B FY2025

Figures from reported company fundamentals · as of Sep 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 75/100

Of which business quality 73 · Market factors (momentum, volatility) 60

Profitability 40

Margins and returns on capital today

Quality Growth 76

Are margins and returns improving?

Cashflow 83

Earnings quality: real cash, not paper profit

Fin. Strength 84

Balance sheet, leverage, solvency risk

Investment 83

Disciplined investing over empire-building

Low Volatility 0

Calm price path (market factor)

Momentum 84

Price trend over the last 3–12 months (market factor)

52W Momentum 88

Distance to the 52-week high (market factor)

Net Issuance 80

Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Advanced Micro Devices, Inc. operates as a semiconductor company internationally. It operates in three segments: Data Center, Client and Gaming, and Embedded.

Full company description

Advanced Micro Devices, Inc. operates as a semiconductor company internationally. It operates in three segments: Data Center, Client and Gaming, and Embedded. The company offers artificial intelligence (AI) accelerators, microprocessors, and graphics processing units (GPUs) as standalone devices or as incorporated into accelerated processing units, chipsets, and data center and professional GPUs; and embedded processors and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing units, field programmable gate arrays (FPGA), system on modules, AI network interface cards, and adaptive SoC products. It provides processors under the AMD Ryzen, AMD Ryzen AI, AMD Ryzen PRO, AMD Ryzen Threadripper, AMD Ryzen Threadripper PRO, AMD Athlon, and AMD PRO A-Series brands; graphics under the AMD Radeon graphics and AMD Embedded Radeon graphics; professional graphics under the AMD Radeon Pro graphics brand; and AI and general-purpose compute infrastructure for hyperscale providers. The company offers data center graphics under the AMD Instinct accelerators and Radeon PRO V-series brands; server microprocessors under the AMD EPYC brand; low power solutions under the AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, and AMD R-Series and G-Series brands; FPGA products under the Virtex-6, Virtex-7, Virtex UltraScale+, Kintex-7, Kintex UltraScale, Kintex UltraScale+, Artix-7, Artix UltraScale+, Spartan-6, and Spartan-7 brands; adaptive SOCs under the Zynq-7000, Zynq UltraScale+ MPSoC, Zynq UltraScale+ RFSoCs, Versal HBM, Versal Premium, Versal Prime, Versal AI Core, Versal AI Edge, Vitis, and Vivado brands; and compute and network acceleration board products under the Alveo and Pensando brands. It serves original equipment and design manufacturers, public cloud service providers, system integrators, distributors, and add-in-board manufacturers. The company was incorporated in 1969 and is headquartered in Santa Clara, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Advanced Micro Devices Inc reported revenue of $34.6B in FY2025 versus $16.4B in FY2021, a compound +20.5%/yr. Reported net income was $4.3B in FY2025, compounding +8.2%/yr from FY2021.

Growth Quality 95/100

Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Latest Revenue (FY 2025)

$34.6B

Latest YoY

+34.3%

Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.

+13.6%

Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.

+28.8%

Avg. revenue growth/yr (40Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.

+10.8%

Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years, adjusted) plus dividend yield: value created per share and year.

+6.7%

Earnings growth per share plus dividend yield: the value created per share and year.

Earnings growth per share+6.7%

Dividend yield0.0%

Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13.5% (2020) → 10.7% (2025) · falling

Worst earnings drop345% (2012) (loss year, drop beyond 100%) · in USD

Revenue +20.5%/yr

FY21 $16.4B

FY22 $23.6B

FY23 $22.7B

FY24 $25.8B

FY25 $34.6B

Net income +8.2%/yr

FY21 $3.2B

FY22 $1.3B

FY23 $854M

FY24 $1.6B

FY25 $4.3B

AMD screens 768% overvalued. Compare with NVIDIA Corporation →

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Advanced Micro Devices Inc · Fair Value
$55.02 −768%Fair Value
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Cite: Fair Value Calculator (2026). "Advanced Micro Devices Inc Fair Value". https://www.fairvalue-calculator.com/stock/AMD

Peer Group

Semiconductors · 325 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation

Quality Score 75 · Top 25%

Fair Value upside −89% · Bottom 25%

Profitability

Return on equity (TTM) 8% · Above median

Return on assets 4% · Above median

Net margin (TTM) 13% · Above median

Operating margin (TTM) 14% · Above median

Growth and dividend

Revenue growth 38% · Top 25%

Dividend yield (TTM) 0.0% · Bottom 25%

Balance sheet

Debt / equity 0.04× · Below median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 167.0× · Priciest 25%

P/B 12.97× · Priciest 25%

P/S (TTM) 21.81× · Priciest 25%

P/FCF 121.3× · Priciest 25%

PEG 1.27× · Pricier than median

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must Advanced Micro Devices Inc deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years+34.9 % per year

Achieved revenue growth, 5 years+28.8 % p.a.

Sector median revenue growth+8.2 %

FCF yield on price0.86 %

Discount rate (WACC) in the models10.9 %

The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →

Context: sector, industry, market

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

This stock

Sector peers

VALUE0 · sector 0

FUTURE100 · sector 65

PAST32 · sector 25

HEALTH98 · sector 96

DIVIDEND0 · sector 18

VALUE 0: the price sits above our fair-value range.

Insider activity: 42/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Sep 6, 2026).

Stock	Price	Fair Value	vs Fair Value
NVIDIA Corporation NVDA	$230.36	$98.98	−57%
Taiwan Semiconductor Manufacturing Company TSM	$428.91	$296.10	−31%
Broadcom Inc AVGO	$357.90	$118.27	−67%
SK hynix Inc 000660	1,647,000 KRW	1,481,291 KRW	−10%
Micron Technology, Inc MU	$932.86	$148.38	−84%
Intel Corporation INTC	$95.80	$35.41	−63%
Texas Instruments Incorporated TXN	$258.44	$78.54	−70%
Semiconductor Manufacturing International Corporation 688981	¥121.14	¥16.55	−86%
QUALCOMM Incorporated QCOM	$168.74	$147.20	−13%
MediaTek Inc 2454	3,845 TWD	1,559 TWD	−59%

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Frequently asked questions

Is Advanced Micro Devices Inc (AMD) overvalued or undervalued?

As of Sep 6, 2026, our model estimates a fair value of $55.02 versus a price of $477.57, about −88% upside (overvalued).

What is the fair value of AMD?

Our model-based fair value for Advanced Micro Devices Inc is $55.02 (as of Sep 6, 2026), built from audited fundamentals. The current price: $477.57.

What is the quality score of AMD?

Advanced Micro Devices Inc has a Quality Score of 75/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.

What is the price target for Advanced Micro Devices Inc (AMD)?

Our model-based price target is the fair value of $55.02 (as of Sep 6, 2026) from 26 valuation models. Cautious scenario $41.43, optimistic scenario $68.62. It is a calculation from audited fundamentals, not an analyst target.

What is the Advanced Micro Devices Inc stock forecast for 2026?

Our models put fair value at $55.02, about −88% upside versus a price of $477.57 (overvalued). Cautious scenario $41.43, optimistic scenario $68.62. The calculation is refreshed regularly with new filings.

What is the revenue of Advanced Micro Devices Inc (AMD)?

Advanced Micro Devices Inc reported trailing-twelve-month revenue of about $37.5B (latest available figure, as of Sep 6, 2026).

What is the net profit margin of AMD?

The net profit margin of Advanced Micro Devices Inc is about 13.4%, meaning it keeps roughly 13.4% of revenue as net income. Based on the latest reported figures.

Does Advanced Micro Devices Inc pay a dividend?

Advanced Micro Devices Inc currently shows a dividend yield of about 0.01% relative to its recent price (as of Sep 6, 2026).

What growth is priced into Advanced Micro Devices Inc (AMD)?

For today's price to be fair in a discounted-cash-flow model, Advanced Micro Devices Inc would have to grow free cash flow by +34.9 % per year for ten years (discount rate 10.9 %, then 2 % perpetual growth). Over the last 5 years revenue grew +28.8 % per year. As of Sep 6, 2026.

What discount rate (WACC) does the fair value of AMD use?

Our models discount Advanced Micro Devices Inc at 10.9 %: a base by market capitalisation (mega), damped by beta 2.47, country premium for USA. The same rate applies in all 26 models.

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