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: 2026-09-19
| # | Company | Market | Sector | EV/EBITDA | P/E | ROE | Mcap, $bn |
|---|---|---|---|---|---|---|---|
| 1 | Super Micro Computer, Inc. SMCI | US | United States — large cap (SEC filings) | 6.7x | 10.5x | 42.7% | 23.5 |
| 2 | PagerDuty, Inc. PD | US | United States — large cap (SEC filings) | 13.3x | 6.9x | 13.9% | 1.3 |
| 3 | Hewlett Packard Enterprise Co HPE | US | United States — large cap (SEC filings) | 15.5x | 28.7x | 7.9% | 80.1 |
| 4 | JABIL INC JBL | US | United States — large cap (SEC filings) | 16.0x | 37.4x | 27.5% | 32.2 |
| 5 | QUALCOMM INC/DE QCOM | US | Technology | 16.6x | 20.6x | 9.7% | 190.9 |
| 6 | MICRON TECHNOLOGY INC MU | US | Technology | 16.6x | 22.6x | 43.5% | 1 142.8 |
| 7 | NetApp, Inc. NTAP | US | United States — large cap (SEC filings) | 19.6x | 30.8x | 105.4% | 39.4 |
| 8 | FLEX LTD. FLEX | US | United States — large cap (SEC filings) | 21.7x | 40.8x | 21.4% | 39.7 |
| 9 | Dell Technologies Inc. DELL | US | United States — large cap (SEC filings) | 23.5x | 33.7x | -233.2% | 383.4 |
| 10 | MODINE MANUFACTURING CO MOD | US | United States — large cap (SEC filings) | 24.2x | 69.1x | 24.6% | 10.0 |
| 11 | AXCELIS TECHNOLOGIES INC ACLS | US | United States — large cap (SEC filings) | 25.2x | 37.2x | 8.8% | 3.5 |
| 12 | Fabrinet FN | US | United States — large cap (SEC filings) | 25.6x | 29.4x | 23.4% | 13.9 |
| 13 | TEXAS INSTRUMENTS INC TXN | US | Technology | 26.5x | 40.0x | 45.5% | 241.8 |
| 14 | NVIDIA CORP NVDA | US | Technology | 26.9x | 28.0x | 112.5% | 5 402.1 |
| 15 | ANALOG DEVICES INC ADI | US | Technology | 29.3x | 44.5x | 5.3% | 184.0 |
| 16 | UiPath, Inc. PATH | US | United States — large cap (SEC filings) | 29.6x | 20.2x | 7.5% | 7.3 |
| 17 | CALIX, INC CALX | US | United States — large cap (SEC filings) | 30.2x | 47.7x | 9.6% | 2.4 |
| 18 | Ultra Clean Holdings, Inc. UCTT | US | United States — large cap (SEC filings) | 31.5x | — | 5.5% | 3.2 |
| 19 | WESTERN DIGITAL CORP WDC | US | United States — large cap (SEC filings) | 31.7x | 16.9x | 137.8% | 159.3 |
| 20 | Broadcom Inc. AVGO | US | Technology | 31.8x | 45.4x | 18.6% | 1 735.5 |
| 21 | RAMBUS INC RMBS | US | United States — large cap (SEC filings) | 32.4x | 39.4x | 18.9% | 9.4 |
| 22 | APPLIED MATERIALS INC /DE AMAT | US | Technology | 36.2x | 38.0x | 13.7% | 352.5 |
| 23 | Vertiv Holdings Co VRT | US | United States — large cap (SEC filings) | 37.3x | 55.1x | 44.2% | 95.4 |
| 24 | KLA CORP KLAC | US | Technology | 38.3x | 47.9x | 89.5% | 231.3 |
| 25 | NOVA LTD. NVMI | US | United States — large cap (SEC filings) | 40.4x | 41.9x | 21.0% | 11.3 |
| 26 | INTEL CORP INTC | US | Technology | 47.1x | — | -50.4% | 542.3 |
| 27 | LAM RESEARCH CORP LRCX | US | Technology | 48.9x | 60.2x | 34.7% | 360.5 |
| 28 | COHERENT CORP. COHR | US | United States — large cap (SEC filings) | 49.7x | 77.2x | 8.9% | 62.1 |
| 29 | Arista Networks, Inc. ANET | US | Technology | 54.3x | 62.9x | 34.3% | 254.4 |
| 30 | FORMFACTOR INC FORM | US | United States — large cap (SEC filings) | 55.7x | 80.3x | 20.7% | 9.3 |
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