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 2026-07-06.
Applied Materials, Inc. · Technology
$603.04
-45.0% upside to fair value
Grade C
High Quality
VS
SLB N.V. · Energy
$48.09
-33.4% upside to fair value
Grade C
QuantHub Verdict
SLB has more upside to fair value
(-33.4%).
SLB trades at a lower forward P/E
(21.8x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
SLB |
| Current Price |
$603.04 |
$48.09 |
| Fair Value Estimate |
$331.67 |
$32.01 |
| Upside to Fair Value |
-45.0%
|
-33.4%
|
| Market Cap |
$478.8B |
$71.9B |
| Forward P/E |
56.4x
|
21.8x
|
| EV / EBITDA |
43.0x
|
10.9x
|
| Price / Sales |
16.5x
|
2.0x
|
| Price / FCF |
80.3x
|
15.4x
|
| Revenue Growth YoY |
+11.4%
|
+2.7%
|
| Gross Margin |
49.0%
|
17.3%
|
| Operating Margin |
29.5%
|
14.4%
|
| Return on Equity |
39.8%
|
13.5%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
1.25%
|
6.51%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Applied Materials, Inc. is a leading semiconductor equipment company with a strong competitive moat in multiple wafer fab equipment segments, driven by its scale, infrastructure, and technology leadership in AI-critical process steps. The company benefits from a seasoned management team led by CEO Gary Dickerson, who has over 12 years at the helm and a track record of strong revenue and profitabi…
SLB N.V. is a global leader in oilfield services, specializing in well construction, production systems, reservoir performance, and digital solutions. The company benefits from a durable competitive moat anchored in technology, integrated service breadth, and global infrastructure, with a management team that has long tenure and deep industry experience. Despite solid free cash flow generation of…
Accumulation Zones
| Metric |
AMAT |
SLB |
| Zone Low |
$248.75 |
$24.01 |
| Zone High |
$281.92 |
$27.21 |
| In Buy Zone? |
No
|
No
|