AMAT vs BA: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and The Boeing Company — 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
The Boeing Company · Industrials
$217.63
+19.5% upside to fair value
Grade C
QuantHub Verdict
BA has more upside to fair value
(+19.5%).
AMAT trades at a lower forward P/E
(39.9x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
BA |
| Current Price |
$394.33 |
$217.63 |
| Fair Value Estimate |
$162.08 |
$260.00 |
| Upside to Fair Value |
-58.9%
|
+19.5%
|
| Market Cap |
$312.9B |
$170.9B |
| Forward P/E |
39.9x
|
74.0x
|
| EV / EBITDA |
31.6x
|
28.4x
|
| Price / Sales |
11.1x
|
1.9x
|
| Price / FCF |
50.5x
|
-88.2x
|
| Revenue Growth YoY |
-2.1%
|
+34.5%
|
| Gross Margin |
48.7%
|
4.8%
|
| Operating Margin |
29.1%
|
-6.1%
|
| Return on Equity |
38.9%
|
41.0%
|
| Dividend Yield |
0% |
0.2% |
| FCF Yield |
1.98%
|
-1.1%
|
| Analyst Consensus |
Strong Buy
|
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,…
The Boeing Company is the world's largest aerospace manufacturer operating across commercial airplanes, defense and space, global services, and Boeing Capital. After years of losses stemming from the 737 MAX crisis, production disruptions, and regulatory setbacks, Boeing posted its first profitable year in 2025 with net income of $2.2 billion on revenue of $89.5 billion, a 34.5% revenue increase …
Accumulation Zones
| Metric |
AMAT |
BA |
| Zone Low |
$121.56 |
$195.00 |
| Zone High |
$137.77 |
$221.00 |
| In Buy Zone? |
No
|
Yes
|