AAPL vs AMAT: Which Is the Better Buy?

Side-by-side comparison of Apple Inc. and Applied Materials, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals. Updated 2026-07-06.
Apple Inc. · Technology
$308.63
+5.6% upside to fair value
Grade B High Quality
VS
Applied Materials, Inc. · Technology
$603.04
-45.0% upside to fair value
Grade C High Quality
QuantHub Verdict
AAPL has more upside to fair value (+5.6%). AAPL trades at a lower forward P/E (37.2x). These are model outputs — not personalized investment advice. See all research →
Valuation & Fundamentals
Metric AAPL AMAT
Current Price $308.63 $603.04
Fair Value Estimate $325.93 $331.67
Upside to Fair Value +5.6% -45.0%
Market Cap $4,533.0B $478.8B
Forward P/E 37.2x 56.4x
EV / EBITDA 28.6x 43.0x
Price / Sales 10.0x 16.5x
Price / FCF 35.1x 80.3x
Revenue Growth YoY +16.6% +11.4%
Gross Margin 47.9% 49.0%
Operating Margin 32.6% 29.5%
Return on Equity 146.7% 39.8%
Dividend Yield 0% 0%
FCF Yield 2.85% 1.25%
Analyst Consensus Buy Strong Buy
Investment Thesis
AAPL — Apple Inc.
Apple Inc. is a leading technology company specializing in consumer electronics, software, and services, with a durable competitive moat driven by its integrated ecosystem of devices, operating systems, and services. The company benefits from strong brand loyalty, high margins with a gross margin of 47.9%, and consistent earnings growth, including a 19.4% increase in earnings in the most recent q…
AMAT — Applied Materials, Inc.
Applied Materials, Inc. is a leading semiconductor equipment company with a strong competitive moat in multiple wafer fab equipment segments, driven by its scale, infrastructure, and technology leadership in AI-critical process steps. The company benefits from a seasoned management team led by CEO Gary Dickerson, who has over 12 years at the helm and a track record of strong revenue and profitabi…
Accumulation Zones
Metric AAPL AMAT
Zone Low $244.45 $248.75
Zone High $277.04 $281.92
In Buy Zone? No No
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