AMAT vs ANET: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and Arista Networks, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-07-06.
Applied Materials, Inc. · Technology
$603.04
-45.0% upside to fair value
Grade C
High Quality
VS
Arista Networks, Inc. · Technology
$169.86
+22.0% upside to fair value
Grade B
High Quality
QuantHub Verdict
ANET has more upside to fair value
(+22.0%).
AMAT trades at a lower forward P/E
(56.4x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
ANET |
| Current Price |
$603.04 |
$169.86 |
| Fair Value Estimate |
$331.67 |
$207.23 |
| Upside to Fair Value |
-45.0%
|
+22.0%
|
| Market Cap |
$478.8B |
$213.9B |
| Forward P/E |
56.4x
|
56.5x
|
| EV / EBITDA |
43.0x
|
44.7x
|
| Price / Sales |
16.5x
|
21.7x
|
| Price / FCF |
80.3x
|
39.9x
|
| Revenue Growth YoY |
+11.4%
|
+35.1%
|
| Gross Margin |
49.0%
|
63.5%
|
| Operating Margin |
29.5%
|
42.8%
|
| Return on Equity |
39.8%
|
30.6%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
1.25%
|
2.51%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
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…
Arista Networks is a leading provider of cloud and AI data-center switching solutions with a durable competitive moat driven by its strong presence among hyperscale cloud customers and AI networking providers. The company benefits from a seasoned management team led by founding CEO Jayshree V. Ullal, who has over 17 years at the helm and deep domain expertise. Arista's financials show robust grow…
Accumulation Zones
| Metric |
AMAT |
ANET |
| Zone Low |
$248.75 |
$155.42 |
| Zone High |
$281.92 |
$176.15 |
| In Buy Zone? |
No
|
Yes
|