AMAT vs SLB: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and SLB N.V. — 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
SLB N.V. · Energy
$51.92
-20.2% upside to fair value
Med Conviction
Grade C+
QuantHub Verdict
SLB has more upside to fair value
(-20.2%).
SLB trades at a lower forward P/E
(18.6x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
SLB |
| Current Price |
$394.33 |
$51.92 |
| Fair Value Estimate |
$162.08 |
$41.43 |
| Upside to Fair Value |
-58.9%
|
-20.2%
|
| Market Cap |
$312.9B |
$77.9B |
| Forward P/E |
39.9x
|
18.6x
|
| EV / EBITDA |
31.6x
|
9.2x
|
| Price / Sales |
11.1x
|
2.2x
|
| Price / FCF |
50.5x
|
16.1x
|
| Revenue Growth YoY |
-2.1%
|
-1.6%
|
| Gross Margin |
48.7%
|
18.21%
|
| Operating Margin |
29.1%
|
15.28%
|
| Return on Equity |
38.9%
|
12.83%
|
| Dividend Yield |
0% |
2.21% |
| FCF Yield |
1.98%
|
6.21%
|
| 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,…
SLB is the world's largest oilfield services company with $35.7B in FY2025 revenue, operating across four divisions: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems. The company completed the ChampionX acquisition in 2025 and is pursuing a digital transformation and AI-driven strategy. At $51.92, SLB trades at 2.18x P/S (in the fair range of the 5-year di…
Accumulation Zones
| Metric |
AMAT |
SLB |
| Zone Low |
$121.56 |
$34.00 |
| Zone High |
$137.77 |
$39.00 |
| In Buy Zone? |
No
|
No
|