AMAT vs TMO: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and Thermo Fisher Scientific Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-05-04.
Applied Materials, Inc. · Technology
$412.79
-59.0% upside to fair value
Grade C
High Quality
VS
Thermo Fisher Scientific Inc. · Healthcare
$462.60
+10.1% upside to fair value
Grade B
QuantHub Verdict
TMO has more upside to fair value
(+10.1%).
TMO trades at a lower forward P/E
(25.1x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
TMO |
| Current Price |
$412.79 |
$462.60 |
| Fair Value Estimate |
$169.16 |
$509.20 |
| Upside to Fair Value |
-59.0%
|
+10.1%
|
| Market Cap |
$327.6B |
$171.9B |
| Forward P/E |
41.8x
|
25.1x
|
| EV / EBITDA |
33.1x
|
19.0x
|
| Price / Sales |
11.7x
|
3.8x
|
| Price / FCF |
53.0x
|
25.5x
|
| Revenue Growth YoY |
-2.1%
|
+6.2%
|
| Gross Margin |
48.7%
|
39.4%
|
| Operating Margin |
29.1%
|
17.8%
|
| Return on Equity |
38.9%
|
13.3%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
1.89%
|
3.92%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Applied Materials, Inc. is the world's leading semiconductor and display equipment company, specializing in materials engineering solutions for chip manufacturing and advanced displays. The company benefits from a durable competitive moat driven by market leadership, innovation with over 8,500 patents, and a strong management team led by CEO Gary E. Dickerson with over 12 years tenure. Despite re…
Thermo Fisher Scientific Inc. operates in the healthcare sector, specializing in medical diagnostics and research tools across four main segments: Laboratory Products and Biopharma Services, Life Sciences Solutions, Analytical Instruments, and Specialty Diagnostics. The company demonstrates medium business quality with steady revenue growth of 6.2% and earnings growth of 9.6% in the most recent q…
Accumulation Zones
| Metric |
AMAT |
TMO |
| Zone Low |
$126.87 |
$381.90 |
| Zone High |
$143.79 |
$432.82 |
| In Buy Zone? |
No
|
No
|