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 2026-04-22.
Applied Materials, Inc. · Technology
$394.33
-58.9% upside to fair value
Grade C
High Quality
VS
ConocoPhillips · Energy
$122.55
-21.4% upside to fair value
Grade D
QuantHub Verdict
COP has more upside to fair value
(-21.4%).
COP trades at a lower forward P/E
(19.3x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
COP |
| Current Price |
$394.33 |
$122.55 |
| Fair Value Estimate |
$162.08 |
$96.36 |
| Upside to Fair Value |
-58.9%
|
-21.4%
|
| Market Cap |
$312.9B |
$149.8B |
| Forward P/E |
39.9x
|
19.3x
|
| EV / EBITDA |
31.6x
|
5.8x
|
| Price / Sales |
11.1x
|
2.5x
|
| Price / FCF |
50.5x
|
8.9x
|
| Revenue Growth YoY |
-2.1%
|
+7.5%
|
| Gross Margin |
48.7%
|
24.6%
|
| Operating Margin |
29.1%
|
19.6%
|
| Return on Equity |
38.9%
|
12.39%
|
| Dividend Yield |
0% |
3.41% |
| FCF Yield |
1.98%
|
10.9%
|
| 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,…
ConocoPhillips is the largest U.S. independent exploration and production company, operating approximately 2.4 million barrels of oil equivalent per day across its Lower 48, Alaska, Canada, and international segments. The company completed its transformative $22.5 billion Marathon Oil acquisition in late 2024 and is on track for $2 billion in cost synergies by the end of 2026. Full-year 2025 reve…
Accumulation Zones
| Metric |
AMAT |
COP |
| Zone Low |
$121.56 |
$72.27 |
| Zone High |
$137.77 |
$81.91 |
| In Buy Zone? |
No
|
No
|