The AI value chain - chipmakers, semi-cap equipment, memory, optical/networking, AI servers and infrastructure - ranked by lowest EV/EBITDA (LTM). Recomputed daily from filings and market quotes. Not investment advice. Updated: 2026-08-11
| # | Company | Market | Sector | EV/EBITDA | P/E | ROE | Mcap, $bn |
|---|---|---|---|---|---|---|---|
| 1 | Super Micro Computer, Inc. SMCI | US | United States — large cap (SEC filings) | 11.4x | 15.0x | 8.8% | 18.7 |
| 2 | MICRON TECHNOLOGY INC MU | US | Technology | 14.1x | 19.2x | 43.5% | 968.6 |
| 3 | QUALCOMM INC/DE QCOM | US | Technology | 15.6x | 18.8x | 9.7% | 174.2 |
| 4 | PagerDuty, Inc. PD | US | United States — large cap (SEC filings) | 17.2x | 5.8x | 8.7% | 1.1 |
| 5 | JABIL INC JBL | US | United States — large cap (SEC filings) | 17.9x | 42.0x | 27.5% | 36.2 |
| 6 | Hewlett Packard Enterprise Co HPE | US | United States — large cap (SEC filings) | 18.5x | 46.3x | 10.0% | 72.1 |
| 7 | NetApp, Inc. NTAP | US | United States — large cap (SEC filings) | 20.9x | 31.0x | 119.6% | 39.5 |
| 8 | Dell Technologies Inc. DELL | US | United States — large cap (SEC filings) | 23.3x | 35.5x | -233.2% | 298.4 |
| 9 | FLEX LTD. FLEX | US | United States — large cap (SEC filings) | 23.4x | 45.0x | 21.4% | 43.8 |
| 10 | MODINE MANUFACTURING CO MOD | US | United States — large cap (SEC filings) | 24.1x | 69.9x | 24.6% | 10.1 |
| 11 | TEXAS INSTRUMENTS INC TXN | US | Technology | 28.2x | 42.0x | 45.5% | 254.4 |
| 12 | KULICKE & SOFFA INDUSTRIES INC KLIC | US | United States — large cap (SEC filings) | 29.8x | 43.2x | 8.7% | 4.6 |
| 13 | WESTERN DIGITAL CORP WDC | US | United States — large cap (SEC filings) | 30.9x | 16.1x | 50.9% | 152.1 |
| 14 | ANALOG DEVICES INC ADI | US | Technology | 31.8x | 56.7x | 13.9% | 188.0 |
| 15 | NVIDIA CORP NVDA | US | Technology | 31.9x | 33.1x | 132.3% | 5 287.3 |
| 16 | CALIX, INC CALX | US | United States — large cap (SEC filings) | 32.7x | 51.7x | 9.4% | 2.6 |
| 17 | Ultra Clean Holdings, Inc. UCTT | US | United States — large cap (SEC filings) | 34.5x | — | 5.5% | 3.7 |
| 18 | RAMBUS INC RMBS | US | United States — large cap (SEC filings) | 36.0x | 43.7x | 18.9% | 10.5 |
| 19 | Fabrinet FN | US | United States — large cap (SEC filings) | 37.2x | 44.7x | 7.4% | 18.8 |
| 20 | AXCELIS TECHNOLOGIES INC ACLS | US | United States — large cap (SEC filings) | 38.1x | 45.1x | 8.8% | 4.2 |
| 21 | Vertiv Holdings Co VRT | US | United States — large cap (SEC filings) | 40.4x | 59.7x | 44.2% | 103.3 |
| 22 | Seagate Technology Holdings plc STX | US | United States — large cap (SEC filings) | 40.6x | 55.1x | 128.4% | 175.4 |
| 23 | KLA CORP KLAC | US | Technology | 42.1x | 52.7x | 89.5% | 254.5 |
| 24 | NOVA LTD. NVMI | US | United States — large cap (SEC filings) | 44.1x | 46.4x | 20.5% | 12.2 |
| 25 | INTEL CORP INTC | US | Technology | 44.7x | — | 3.6% | 487.0 |
| 26 | Broadcom Inc. AVGO | US | Technology | 46.0x | 69.9x | 44.4% | 2 049.9 |
| 27 | APPLIED MATERIALS INC /DE AMAT | US | Technology | 47.1x | 48.7x | 49.2% | 414.0 |
| 28 | COHERENT CORP. COHR | US | United States — large cap (SEC filings) | 50.5x | 107.9x | 2.7% | 50.6 |
| 29 | Arista Networks, Inc. ANET | US | Technology | 52.2x | 60.4x | 34.3% | 244.3 |
| 30 | LAM RESEARCH CORP LRCX | US | Technology | 52.8x | 64.9x | 34.7% | 388.7 |
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