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 2026-05-20.
Applied Materials, Inc. · Technology
$406.91
-12.0% upside to fair value
Grade B-
High Quality
VS
The Boeing Company · Industrials
$231.28
+45.0% upside to fair value
Grade C
QuantHub Verdict
BA has more upside to fair value
(+45.0%).
AMAT trades at a lower forward P/E
(30.3x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
BA |
| Current Price |
$406.91 |
$231.28 |
| Fair Value Estimate |
$358.00 |
$335.36 |
| Upside to Fair Value |
-12.0%
|
+45.0%
|
| Market Cap |
$322.9B |
$181.8B |
| Forward P/E |
30.3x
|
83.4x
|
| EV / EBITDA |
30.2x
|
30.8x
|
| Price / Sales |
10.2x
|
2.0x
|
| Price / FCF |
51.6x
|
776.7x
|
| Revenue Growth YoY |
+11.0%
|
+14.0%
|
| Gross Margin |
49.9%
|
4.8%
|
| Operating Margin |
31.9%
|
-5.9%
|
| Return on Equity |
47.0%
|
-8723.1%
|
| Dividend Yield |
0.45% |
0% |
| FCF Yield |
1.94%
|
0.13%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
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 …
The Boeing Company is a leading global aerospace and defense firm operating across commercial airplanes, defense, space and security, and global services segments. Despite a challenging operating margin of negative 5.9% and a high trailing P/E of 83.43, Boeing is currently fairly valued with a fair value estimate of $422.56, implying an 82.7% upside from the current price of $231.28. The company …
Accumulation Zones
| Metric |
AMAT |
BA |
| Zone Low |
$268.50 |
$251.52 |
| Zone High |
$304.30 |
$285.06 |
| In Buy Zone? |
No
|
Yes
|