AMAT vs NKE: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and NIKE, 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
NIKE, Inc. · Consumer Cyclical
$42.62
+45.5% upside to fair value
Med Conviction
Grade B+
QuantHub Verdict
NKE has more upside to fair value
(+45.5%).
NKE trades at a lower forward P/E
(27.9x).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
AMAT |
NKE |
| Current Price |
$394.33 |
$42.62 |
| Fair Value Estimate |
$162.08 |
$62.00 |
| Upside to Fair Value |
-58.9%
|
+45.5%
|
| Market Cap |
$312.9B |
$63.0B |
| Forward P/E |
39.9x
|
27.9x
|
| EV / EBITDA |
31.6x
|
20.7x
|
| Price / Sales |
11.1x
|
1.4x
|
| Price / FCF |
50.5x
|
19.4x
|
| Revenue Growth YoY |
-2.1%
|
-9.8%
|
| Gross Margin |
48.7%
|
42.7%
|
| Operating Margin |
29.1%
|
8.0%
|
| Return on Equity |
38.9%
|
24.4%
|
| Dividend Yield |
0% |
3.8% |
| FCF Yield |
1.98%
|
5.2%
|
| 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,…
Nike is the world's largest athletic footwear and apparel company with $46.3B in FY2025 revenue, operating across 190+ countries with the Nike, Jordan, and Converse brands. The stock trades near its 9-year low at $42.62 after an 11% single-day crash following a Q3 FY2026 earnings report that showed 35% net income decline and weak Q4 guidance calling for a further 2-4% revenue decline. FY2025 reve…
Accumulation Zones
| Metric |
AMAT |
NKE |
| Zone Low |
$121.56 |
$44.00 |
| Zone High |
$137.77 |
$50.00 |
| In Buy Zone? |
No
|
Yes
|