AMAT vs XOM: Which Is the Better Buy?
Side-by-side comparison of Applied Materials, Inc. and Exxon Mobil Corporation — 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
Exxon Mobil Corporation · Energy
$152.30
-33.0% upside to fair value
Med Conviction
Grade C+
QuantHub Verdict
XOM has more upside to fair value
(-33.0%).
XOM trades at a lower forward P/E
(17.5x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
AMAT |
XOM |
| Current Price |
$394.33 |
$152.30 |
| Fair Value Estimate |
$162.08 |
$102.00 |
| Upside to Fair Value |
-58.9%
|
-33.0%
|
| Market Cap |
$312.9B |
$634.6B |
| Forward P/E |
39.9x
|
17.5x
|
| EV / EBITDA |
31.6x
|
9.8x
|
| Price / Sales |
11.1x
|
2.0x
|
| Price / FCF |
50.5x
|
26.9x
|
| Revenue Growth YoY |
-2.1%
|
-4.5%
|
| Gross Margin |
48.7%
|
21.7%
|
| Operating Margin |
29.1%
|
10.5%
|
| Return on Equity |
38.9%
|
11.1%
|
| Dividend Yield |
0% |
2.65% |
| FCF Yield |
1.98%
|
3.72%
|
| 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,…
Exxon Mobil is a world-class integrated energy supermajor with unmatched Permian Basin scale following the Pioneer Natural Resources acquisition, a high-margin Guyana growth engine, and disciplined capital allocation. However, the stock remains significantly overvalued relative to its own 5-year history on every key metric. At $152, XOM trades at roughly 22x trailing earnings, 1.96x sales, and 27…
Accumulation Zones
| Metric |
AMAT |
XOM |
| Zone Low |
$121.56 |
$77.00 |
| Zone High |
$137.77 |
$92.00 |
| In Buy Zone? |
No
|
No
|