AMAT vs JPM: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and JPMorgan Chase & Co. — 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
JPMorgan Chase & Co. · Financial Services
$350.13
+26.9% upside to fair value
Med Conviction
Grade A-
High Quality
QuantHub Verdict
JPM has more upside to fair value
(+26.9%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
AMAT |
JPM |
| Current Price |
$474.38 |
$350.13 |
| Fair Value Estimate |
$457.95 |
$444.48 |
| Upside to Fair Value |
-3.5%
|
+26.9%
|
| Market Cap |
$376.6B |
$938.2B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
33.1x
|
20.0x
|
| Price / Sales |
12.2x
|
3.1x
|
| Price / FCF |
67.0x
|
—
|
| Revenue Growth YoY |
+24.8%
|
+17.9%
|
| Gross Margin |
49.4%
|
62.6%
|
| Operating Margin |
30.5%
|
28.2%
|
| Return on Equity |
40.4%
|
17.8%
|
| Dividend Yield |
0.42% |
1.71% |
| FCF Yield |
1.49%
|
—
|
| 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…
JPMorgan Chase is a diversified global bank spanning consumer banking, cards, payments, commercial banking, investment banking, markets, treasury services, and asset and wealth management, with an unusually high-quality franchise supported by funding scale, distribution, leading market positions and cross-selling across 86.6 million U.S. consumers and more than 90% of Fortune 500 companies. Busin…
Accumulation Zones
| Metric |
AMAT |
JPM |
| Zone Low |
$343.46 |
$333.36 |
| Zone High |
$389.26 |
$377.81 |
| In Buy Zone? |
No
|
Yes
|