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: 2026-11-05
| # | Company | Market | Sector | EV/EBITDA | P/E | ROE | Mcap, $bn |
|---|---|---|---|---|---|---|---|
| 1 | Super Micro Computer, Inc. SMCI | US | United States — large cap (SEC filings) | 5.4x | 5.3x | 41.7% | 19.4 |
| 2 | MICRON TECHNOLOGY INC MU | US | Technology | 8.0x | 10.6x | 109.0% | 899.7 |
| 3 | JABIL INC JBL | US | United States — large cap (SEC filings) | 12.2x | 25.5x | 98.7% | 26.6 |
| 4 | Hewlett Packard Enterprise Co HPE | US | United States — large cap (SEC filings) | 13.2x | 23.8x | 23.8% | 66.5 |
| 5 | MODINE MANUFACTURING CO MOD | US | United States — large cap (SEC filings) | 13.8x | 43.8x | 9.9% | 5.7 |
| 6 | Dell Technologies Inc. DELL | US | United States — large cap (SEC filings) | 15.0x | 20.8x | -233.2% | 236.4 |
| 7 | FLEX LTD. FLEX | US | United States — large cap (SEC filings) | 15.0x | 27.5x | 18.6% | 28.5 |
| 8 | NetApp, Inc. NTAP | US | United States — large cap (SEC filings) | 16.8x | 26.0x | 105.4% | 36.9 |
| 9 | Ultra Clean Holdings, Inc. UCTT | US | United States — large cap (SEC filings) | 16.9x | 79.4x | 22.9% | 2.1 |
| 10 | QUALCOMM INC/DE QCOM | US | Technology | 18.8x | 13.3x | 16.5% | 181.8 |
| 11 | AXCELIS TECHNOLOGIES INC ACLS | US | United States — large cap (SEC filings) | 19.5x | 30.6x | 8.8% | 2.8 |
| 12 | Fabrinet FN | US | United States — large cap (SEC filings) | 19.5x | 25.4x | 16.7% | 12.2 |
| 13 | WESTERN DIGITAL CORP WDC | US | United States — large cap (SEC filings) | 19.8x | 12.1x | 78.1% | 121.2 |
| 14 | Seagate Technology Holdings plc STX | US | United States — large cap (SEC filings) | 22.5x | 29.1x | 195.2% | 127.9 |
| 15 | ICHOR HOLDINGS, LTD. ICHR | US | United States — large cap (SEC filings) | 23.8x | 360.4x | 9.6% | 1.3 |
| 16 | PagerDuty, Inc. PD | US | United States — large cap (SEC filings) | 24.0x | 7.3x | 13.9% | 1.3 |
| 17 | NVIDIA CORP NVDA | US | Technology | 24.0x | 25.0x | 112.5% | 4 823.1 |
| 18 | CALIX, INC CALX | US | United States — large cap (SEC filings) | 24.9x | 45.5x | 5.8% | 2.1 |
| 19 | INTEL CORP INTC | US | Technology | 25.1x | — | 13.1% | 309.7 |
| 20 | Vertiv Holdings Co VRT | US | United States — large cap (SEC filings) | 25.7x | 37.7x | 59.6% | 79.1 |
| 21 | LAM RESEARCH CORP LRCX | US | Technology | 27.0x | 32.7x | 83.5% | 276.6 |
| 22 | TEXAS INSTRUMENTS INC TXN | US | Technology | 27.1x | 40.0x | 52.2% | 284.6 |
| 23 | UiPath, Inc. PATH | US | United States — large cap (SEC filings) | 28.2x | 19.5x | 7.5% | 7.0 |
| 24 | Broadcom Inc. AVGO | US | Technology | 28.5x | 40.6x | 55.9% | 1 554.0 |
| 25 | COHERENT CORP. COHR | US | United States — large cap (SEC filings) | 28.7x | 39.6x | 13.8% | 38.1 |
| 26 | FORMFACTOR INC FORM | US | United States — large cap (SEC filings) | 29.0x | 38.5x | 25.8% | 6.7 |
| 27 | RAMBUS INC RMBS | US | United States — large cap (SEC filings) | 29.2x | 33.4x | 20.7% | 8.9 |
| 28 | APPLIED MATERIALS INC /DE AMAT | US | Technology | 30.0x | 31.6x | 41.0% | 293.0 |
| 29 | KLA CORP KLAC | US | Technology | 30.2x | 37.1x | 96.2% | 195.1 |
| 30 | ANALOG DEVICES INC ADI | US | Technology | 31.3x | 47.6x | 15.9% | 196.9 |
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