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STOCK COMPARISON

Apple vs AMD: Fair Value & Quality

Both stocks run through our valuation models. Here is how Apple (AAPL) and AMD (AMD) compare, as of Nov 3, 2026.

As of Nov 3, 2026, Fair Value Calculator sees Apple as the more attractively valued of the two: Apple trades at $332 versus a fair value of $372 (+12.1%), while AMD trades at $484 versus $149 (−69.3%).
Apple
AAPL · USD · Information Technology
+12.1%
upside to fair value
undervalued
Price$332
Fair Value$372
Quality80/100
Fair ValueQualityUptrend
AMD
AMD · USD · Information Technology
−69.3%
upside to fair value
overvalued
Price$484
Fair Value$149
Quality75/100
Fair ValueQualityUptrend
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

AppleAMD
Valuation
38.8×P/E (TTM)123.4×
38.8×P/E ex one-offs (FY2025)227.2×
30.6×Forward P/E30.7×
34.1×Median P/E at FY-end (ex one-offs where documented)80.8×
10.49×P/S (TTM)18.50×
43.67×P/B12.13×
29.4×EV/EBITDA79.6×
2.76×PEG0.63×
+12.1%Fair value upside−69.3%
0.3%Dividend yieldn/a
$1.05Dividend per sharen/a
Profitability
32.6%Operating margin17.3%
1.11×EBIT margin trend (5Y)0.79×
148.8%Return on equity10.2%
32.7%Return on assets5.6%
Growth
16.4%Revenue growth (YoY)50.1%
7.7%Avg. growth/yr (3Y)13.6%
5.5%Avg. growth/yr (5Y)28.8%
+11.0%Value creation/yr+6.7%
Balance & size
n/aInterest coverage (EBIT/interest)28.2×
0.70×Debt / equity0.04×
$4.9TMarket cap$764B
healthyGrowth qualityhealthy
The P/E excluding one-off items is scored. For Apple no documented adjusted P/E is available, so its reported P/E is shown there. The trailing P/E is shown for reference.
Apple, median P/E at fiscal year-end, 7 fiscal years (2020 to 2026), reported earnings: 34.1. AMD, median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings, 4 of the years ex one-offs: 80.8.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Apple leads: 8 to 5 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Apple AMD
ProfitabilityHow much profit the company makes from its sales and capital
98
40
Quality GrowthAre margins and returns getting better?
59
76
CashflowDo the profits arrive as real cash?
85
83
Financial strengthDebt, balance sheet and risk of trouble
64
84
InvestmentDoes it invest with discipline instead of growing at any price?
59
83
Low VolatilityHow calm the share price moves, does not count
67
0
Price momentumPrice momentum of the last 3 to 12 months, does not count
59
78
Near the 52-week highDistance to the 52-week high, does not count
71
82
New sharesBuys back shares or issues new ones?
99
73

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyApplePrice $332AMDPrice $484
DCF Models−28.4%below the price$238−83.4%below the price$80.42
Earnings-Based−63.9%below the price$120−93.1%below the price$33.43
Dividend Discount−94.2%below the price$19.18n/a
Multiples−44.6%below the price$184−86.6%below the price$64.66
Asset-Based−98.6%below the price$4.75−98.4%below the price$7.98
Growth DCF−38.9%below the price$203−87.3%below the price$61.52
Economic Profit−77.1%below the price$76.07−94.8%below the price$25.37
Growth Earnings−35.4%below the price$215−87.3%below the price$61.30
Matching families7 of 8
Minimum−98.6%below the price$4.75−98.4%below the price$7.98
Maximum−28.4%below the price$238−83.4%below the price$80.42
Median−44.6%below the price$184−87.3%below the price$61.30
Geometric mean−70.7%below the price$97.25−92.0%below the price$38.81
Ahead family by family6 of 71 of 7

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 7 of 8), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Apple is ahead in 6 of 7 shared families, AMD in 1.

Apple: 26 of 26 models see the stock below the current price.

AMD: 24 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Apple
Price $332
Fair Value $372
Bear $229Bull $484
AMD
Price $484
Fair Value $149
Bear $93.26Bull $186

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Apple · Information Technology

Quality score80 · Top 25%
Fair value upside+12.1% · above median

AMD · Information Technology

Quality score75 · Top 25%
Fair value upside−69.3% · bottom 25%

Bottom line

As of Nov 3, 2026, Fair Value Calculator sees Apple as the more attractively valued of the two: Apple trades at $332 versus a fair value of $372 (+12.1%), while AMD trades at $484 versus $149 (−69.3%).

Apple has the higher quality score (80/100).

Open Apple live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.