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 2026-05-20.
Apple Inc. · Technology
$294.80
-9.3% upside to fair value
Grade B-
High Quality
VS
Applied Materials, Inc. · Technology
$406.91
-12.0% upside to fair value
Grade B-
High Quality
QuantHub Verdict
AAPL has more upside to fair value
(-9.3%).
AMAT trades at a lower forward P/E
(30.3x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AAPL |
AMAT |
| Current Price |
$294.80 |
$406.91 |
| Fair Value Estimate |
$267.40 |
$358.00 |
| Upside to Fair Value |
-9.3%
|
-12.0%
|
| Market Cap |
$4,329.8B |
$322.9B |
| Forward P/E |
35.4x
|
30.3x
|
| EV / EBITDA |
27.3x
|
30.2x
|
| Price / Sales |
9.6x
|
10.2x
|
| Price / FCF |
33.5x
|
51.6x
|
| Revenue Growth YoY |
+16.6%
|
+11.0%
|
| Gross Margin |
47.9%
|
49.9%
|
| Operating Margin |
32.6%
|
31.9%
|
| Return on Equity |
146.7%
|
47.0%
|
| Dividend Yield |
0.34% |
0.45% |
| FCF Yield |
2.98%
|
1.94%
|
| Analyst Consensus |
Buy
|
Strong Buy
|
Investment Thesis
Apple Inc. is the world's most valuable consumer technology company, anchored by the iPhone franchise and a roughly $100 billion annual Services business that compounds at a low-to-mid teens rate on an installed base of approximately 2.5 billion active devices. Fiscal Q2 2026 results reported on April 30 showed revenue of $111.2 billion (+16.6% YoY) and EPS of $2.02 (+22.4% YoY), driven by a cont…
Applied Materials is the world's leading semiconductor and display equipment company, and the May 14 Q2 fiscal 2026 print materially strengthened the operating story. Revenue grew 11 percent year over year to a record $7.91 billion, non-GAAP earnings per share of $2.86 beat consensus of $2.68, and management guided Q3 to a record $8.95 billion in revenue with non-GAAP earnings per share of $3.36 …
Accumulation Zones
| Metric |
AAPL |
AMAT |
| Zone Low |
$200.50 |
$268.50 |
| Zone High |
$227.30 |
$304.30 |
| In Buy Zone? |
No
|
No
|