AMAT vs AMZN: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and Amazon.com, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-04-22.
Applied Materials, Inc. · Technology
$394.33
-58.9% upside to fair value
Grade C
High Quality
VS
Amazon.com, Inc. · Consumer Cyclical
$250.56
+32.0% upside to fair value
Grade B
High Quality
QuantHub Verdict
AMZN has more upside to fair value
(+32.0%).
AMZN trades at a lower forward P/E
(34.5x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
AMZN |
| Current Price |
$394.33 |
$250.56 |
| Fair Value Estimate |
$162.08 |
$330.77 |
| Upside to Fair Value |
-58.9%
|
+32.0%
|
| Market Cap |
$312.9B |
$2,689.7B |
| Forward P/E |
39.9x
|
34.5x
|
| EV / EBITDA |
31.6x
|
16.7x
|
| Price / Sales |
11.1x
|
3.8x
|
| Price / FCF |
50.5x
|
349.5x
|
| Revenue Growth YoY |
-2.1%
|
+13.6%
|
| Gross Margin |
48.7%
|
50.3%
|
| Operating Margin |
29.1%
|
11.2%
|
| Return on Equity |
38.9%
|
21.9%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
1.98%
|
0.29%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Applied Materials, Inc. is a leading global provider of semiconductor and display equipment, specializing in materials engineering solutions critical to chip manufacturing. The company benefits from a durable competitive moat supported by its market leadership, innovation engine with over 8,500 patents since 2013, and a strong management team led by CEO Gary E. Dickerson. Despite these strengths,…
Amazon.com, Inc. operates as a global leader in e-commerce and cloud computing, generating $716.9 billion in net sales for fiscal 2025 with a strong presence in North America, International markets, and AWS. The company benefits from durable competitive moats in e-commerce, where it is America’s largest online retailer with over four times the sales of its nearest rival as of 2015, and in cloud c…
Accumulation Zones
| Metric |
AMAT |
AMZN |
| Zone Low |
$121.56 |
$248.08 |
| Zone High |
$137.77 |
$281.15 |
| In Buy Zone? |
No
|
Yes
|