AMAT vs CRM: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and Salesforce, Inc. — 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
Salesforce, Inc. · Technology
$182.14
+200.4% upside to fair value
Grade B
High Quality
QuantHub Verdict
CRM has more upside to fair value
(+200.4%).
CRM trades at a lower forward P/E
(22.8x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
CRM |
| Current Price |
$394.33 |
$182.14 |
| Fair Value Estimate |
$162.08 |
$547.17 |
| Upside to Fair Value |
-58.9%
|
+200.4%
|
| Market Cap |
$312.9B |
$173.0B |
| Forward P/E |
39.9x
|
22.8x
|
| EV / EBITDA |
31.6x
|
14.4x
|
| Price / Sales |
11.1x
|
4.2x
|
| Price / FCF |
50.5x
|
12.0x
|
| Revenue Growth YoY |
-2.1%
|
+12.1%
|
| Gross Margin |
48.7%
|
77.7%
|
| Operating Margin |
29.1%
|
21.5%
|
| Return on Equity |
38.9%
|
12.4%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
1.98%
|
8.33%
|
| 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,…
Salesforce, Inc. is a leading enterprise software company specializing in cloud-based customer relationship management and enterprise applications. The company benefits from a durable competitive moat anchored by pioneering SaaS delivery, a large and growing customer base, and a diversified revenue mix with Service Cloud as the largest segment generating $9.05 billion in FY2025. Salesforce exhibi…
Accumulation Zones
| Metric |
AMAT |
CRM |
| Zone Low |
$121.56 |
$410.38 |
| Zone High |
$137.77 |
$465.09 |
| In Buy Zone? |
No
|
Yes
|