AMAT vs UNH: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and UnitedHealth Group Incorporated — 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
UnitedHealth Group Incorporated · Healthcare
$304.33
+41.3% upside to fair value
Med Conviction
Grade B+
QuantHub Verdict
UNH has more upside to fair value
(+41.3%).
UNH trades at a lower forward P/E
(15.1x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
UNH |
| Current Price |
$394.33 |
$304.33 |
| Fair Value Estimate |
$162.08 |
$430.00 |
| Upside to Fair Value |
-58.9%
|
+41.3%
|
| Market Cap |
$312.9B |
$276.2B |
| Forward P/E |
39.9x
|
15.1x
|
| EV / EBITDA |
31.6x
|
14.3x
|
| Price / Sales |
11.1x
|
0.6x
|
| Price / FCF |
50.5x
|
17.2x
|
| Revenue Growth YoY |
-2.1%
|
+11.8%
|
| Gross Margin |
48.7%
|
18.5%
|
| Operating Margin |
29.1%
|
4.2%
|
| Return on Equity |
38.9%
|
12.7%
|
| Dividend Yield |
0% |
2.9% |
| FCF Yield |
1.98%
|
5.82%
|
| 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,…
UnitedHealth Group is the world's largest diversified healthcare company, combining the dominant US health insurer UnitedHealthcare with the high-margin Optum services platform spanning care delivery, pharmacy benefits, and data analytics. The stock has fallen roughly 49% from its 2024 peak of $596, driven by elevated medical costs, DOJ antitrust scrutiny, CEO transitions (Brian Thompson's murder…
Accumulation Zones
| Metric |
AMAT |
UNH |
| Zone Low |
$121.56 |
$280.00 |
| Zone High |
$137.77 |
$340.00 |
| In Buy Zone? |
No
|
Yes
|