AMAT vs DE: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and Deere & Company — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-24.
Applied Materials, Inc. · Technology
$474.38
-3.5% upside to fair value
Med Conviction
Grade C
High Quality
VS
Deere & Company · Industrials
$703.12
-12.2% upside to fair value
Med Conviction
Grade C
High Quality
QuantHub Verdict
AMAT has more upside to fair value
(-3.5%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
AMAT |
DE |
| Current Price |
$474.38 |
$703.12 |
| Fair Value Estimate |
$457.95 |
$616.99 |
| Upside to Fair Value |
-3.5%
|
-12.2%
|
| Market Cap |
$376.6B |
$189.8B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
33.1x
|
22.1x
|
| Price / Sales |
12.2x
|
4.0x
|
| Price / FCF |
67.0x
|
49.1x
|
| Revenue Growth YoY |
+24.8%
|
+7.0%
|
| Gross Margin |
49.4%
|
35.7%
|
| Operating Margin |
30.5%
|
19.0%
|
| Return on Equity |
40.4%
|
18.1%
|
| Dividend Yield |
0.42% |
0.92% |
| FCF Yield |
1.49%
|
2.04%
|
| Analyst Consensus |
Strong Buy
|
Buy
|
Investment Thesis
Applied Materials is the largest supplier of wafer fabrication equipment, providing deposition, etch, ion implantation, and process-control tools alongside a growing Applied Global Services aftermarket business to semiconductor manufacturers worldwide. The business quality is high: TTM gross margin of 49.4%, TTM operating margin of 30.5%, TTM net margin of 30.1%, and ROE of 40.4% reflect a durabl…
Deere & Company is a 1837-founded global manufacturer of agricultural, turf, and construction equipment organized across Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services, employing roughly 73,100 people under CEO John C. May. Business quality is high on franchise strength but currently strained by the large-agriculture cycle: TTM …
Accumulation Zones
| Metric |
AMAT |
DE |
| Zone Low |
$343.46 |
$462.74 |
| Zone High |
$389.26 |
$524.44 |
| In Buy Zone? |
No
|
No
|