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 2026-09-24.
Apple Inc. · Technology
$337.02
+9.9% upside to fair value
Med Conviction
Grade B
High Quality
VS
Applied Materials, Inc. · Technology
$474.38
-3.5% upside to fair value
Med Conviction
Grade C
High Quality
QuantHub Verdict
AAPL has more upside to fair value
(+9.9%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
AAPL |
AMAT |
| Current Price |
$337.02 |
$474.38 |
| Fair Value Estimate |
$370.54 |
$457.95 |
| Upside to Fair Value |
+9.9%
|
-3.5%
|
| Market Cap |
$4,949.9B |
$376.6B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
29.6x
|
33.1x
|
| Price / Sales |
10.6x
|
12.2x
|
| Price / FCF |
36.2x
|
67.0x
|
| Revenue Growth YoY |
+16.4%
|
+24.8%
|
| Gross Margin |
48.7%
|
49.4%
|
| Operating Margin |
33.2%
|
30.5%
|
| Return on Equity |
137.2%
|
40.4%
|
| Dividend Yield |
0.31% |
0.42% |
| FCF Yield |
2.76%
|
1.49%
|
| Analyst Consensus |
Buy
|
Strong Buy
|
Investment Thesis
Apple Inc. is a global consumer-electronics and services platform whose hardware lineup (iPhone, Mac, iPad, wearables) and digital ecosystem (App Store, Apple Music, iCloud, Apple Pay, advertising) generated $31.78 of revenue per share and $9.30 of free cash flow per share on a trailing basis, with TTM gross margin of 48.7%, operating margin of 33.2%, net margin of 27.6%, and ROE of 137.2%. Busin…
Applied Materials is the largest supplier of wafer fabrication equipment, providing deposition, etch, ion implantation, and process-control tools alongside a growing Applied Global Services aftermarket business to semiconductor manufacturers worldwide. The business quality is high: TTM gross margin of 49.4%, TTM operating margin of 30.5%, TTM net margin of 30.1%, and ROE of 40.4% reflect a durabl…
Accumulation Zones
| Metric |
AAPL |
AMAT |
| Zone Low |
$277.91 |
$343.46 |
| Zone High |
$314.96 |
$389.26 |
| In Buy Zone? |
No
|
No
|