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 2026-05-20.
Applied Materials, Inc. · Technology
$406.91
-12.0% upside to fair value
Grade B-
High Quality
VS
Salesforce, Inc. · Technology
$182.14
+45.0% upside to fair value
Grade B
High Quality
QuantHub Verdict
CRM has more upside to fair value
(+45.0%).
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 |
$406.91 |
$182.14 |
| Fair Value Estimate |
$358.00 |
$264.10 |
| Upside to Fair Value |
-12.0%
|
+45.0%
|
| Market Cap |
$322.9B |
$173.0B |
| Forward P/E |
30.3x
|
22.8x
|
| EV / EBITDA |
30.2x
|
14.4x
|
| Price / Sales |
10.2x
|
4.2x
|
| Price / FCF |
51.6x
|
12.0x
|
| Revenue Growth YoY |
+11.0%
|
+12.1%
|
| Gross Margin |
49.9%
|
77.7%
|
| Operating Margin |
31.9%
|
21.5%
|
| Return on Equity |
47.0%
|
12.4%
|
| Dividend Yield |
0.45% |
0% |
| FCF Yield |
1.94%
|
8.33%
|
| Analyst Consensus |
Strong Buy
|
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 …
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 |
$268.50 |
$198.08 |
| Zone High |
$304.30 |
$224.49 |
| In Buy Zone? |
No
|
Yes
|