AMAT vs MRVL: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and Marvell Technology, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-25.
Applied Materials, Inc. · Technology
$474.38
-3.5% upside to fair value
Med Conviction
Grade C
High Quality
VS
Marvell Technology, Inc. · Technology
$258.95
-11.4% 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 |
MRVL |
| Current Price |
$474.38 |
$258.95 |
| Fair Value Estimate |
$457.95 |
$229.46 |
| Upside to Fair Value |
-3.5%
|
-11.4%
|
| Market Cap |
$376.6B |
$226.8B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
33.1x
|
48.0x
|
| Price / Sales |
12.2x
|
24.0x
|
| Price / FCF |
67.0x
|
134.3x
|
| Revenue Growth YoY |
+24.8%
|
+36.5%
|
| Gross Margin |
49.4%
|
51.4%
|
| Operating Margin |
30.5%
|
16.7%
|
| Return on Equity |
40.4%
|
16.2%
|
| Dividend Yield |
0.42% |
0.09% |
| FCF Yield |
1.49%
|
0.74%
|
| Analyst Consensus |
Strong Buy
|
Strong 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…
Marvell Technology is a data infrastructure semiconductor specialist that designs custom AI accelerators, electro-optics DSPs, ethernet switching, storage controllers and interconnect silicon for hyperscale data centers, communications and carrier markets, employing roughly 7,480 people under CEO Matthew J. Murphy. Business quality is genuinely high on the demand side: revenue grew 36.5% year ove…
Accumulation Zones
| Metric |
AMAT |
MRVL |
| Zone Low |
$343.46 |
$172.09 |
| Zone High |
$389.26 |
$195.04 |
| In Buy Zone? |
No
|
No
|