AMAT vs COP: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and ConocoPhillips — 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
ConocoPhillips · Energy
$125.78
-2.1% upside to fair value
Grade C
QuantHub Verdict
COP has more upside to fair value
(-2.1%).
COP trades at a lower forward P/E
(21.0x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
COP |
| Current Price |
$406.91 |
$125.78 |
| Fair Value Estimate |
$358.00 |
$123.15 |
| Upside to Fair Value |
-12.0%
|
-2.1%
|
| Market Cap |
$322.9B |
$153.3B |
| Forward P/E |
30.3x
|
21.0x
|
| EV / EBITDA |
30.2x
|
7.5x
|
| Price / Sales |
10.2x
|
2.6x
|
| Price / FCF |
51.6x
|
8.4x
|
| Revenue Growth YoY |
+11.0%
|
-2.5%
|
| Gross Margin |
49.9%
|
33.1%
|
| Operating Margin |
31.9%
|
25.4%
|
| Return on Equity |
47.0%
|
11.3%
|
| Dividend Yield |
0.45% |
0% |
| FCF Yield |
1.94%
|
11.96%
|
| 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 …
ConocoPhillips is a leading independent oil and gas exploration and production company with a strong focus on low-cost shale assets and sustainability initiatives. The company benefits from a durable competitive position due to its cost advantage and early ESG leadership, but faces near-term earnings pressure as revenue declined 2.5% and earnings fell 23.4% in the most recent quarter year-over-ye…
Accumulation Zones
| Metric |
AMAT |
COP |
| Zone Low |
$268.50 |
$92.36 |
| Zone High |
$304.30 |
$104.68 |
| In Buy Zone? |
No
|
No
|