ASML Holding NV
AEX:ASML

Watchlist Manager
ASML Holding NV Logo
ASML Holding NV
AEX:ASML
Watchlist
Price: 1 102.6 EUR 1.49% Market Closed
Market Cap: 428B EUR
Section:
 

Relative Value

The Relative Value of one ASML stock under the Base Case scenario is 971.18 EUR. Compared to the current market price of 1 102.6 EUR, ASML Holding NV is Overvalued by 12%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ASML Relative Value
Base Case
971.18 EUR
Overvaluation 12%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

13.2
P/S
P/S
Price to Sales
13.2
vs History
20
vs Industry
17
Median 3Y
10.7
Median 5Y
11.6
Industry
3.6
Forward
12.8
More Details
41.6
P/E
P/E
Price to Earnings
41.6
vs History
33
vs Industry
26
Median 3Y
34.9
Median 5Y
37.2
Industry
30.8
Forward
43.3
More Details
34.3
P/OCF
P/OCF
Price to OCF
34.3
vs History
34
vs Industry
25
Median 3Y
27.9
Median 5Y
28.3
Industry
19.8
More Details
46.7
P/FCFE
P/FCFE
Price to FCFE
46.7
vs History
19
vs Industry
23
Median 3Y
37
Median 5Y
36.6
Industry
25.7
More Details
19.7
P/B
P/B
Price to Book Value
19.7
vs History
33
vs Industry
3
Median 3Y
17.5
Median 5Y
17.9
Industry
2.8
More Details
13.1
EV/S
EV/S
Enterprise Value to Sales
13.1
vs History
20
vs Industry
16
Median 3Y
10.5
Median 5Y
11.4
Industry
3.9
Forward
12.7
More Details
25.2
EV/GP
EV/GP
Enterprise Value to Gross Profit
25.2
vs History
31
vs Industry
27
Median 3Y
21.1
Median 5Y
22.7
Industry
12.7
More Details
31.5
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
31.5
vs History
33
vs Industry
23
Median 3Y
26.4
Median 5Y
29.1
Industry
19.8
Forward
33.7
More Details
34.7
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
34.7
vs History
36
vs Industry
26
Median 3Y
29.1
Median 5Y
32
Industry
26.2
Forward
36.7
More Details
34
EV/OCF
EV/OCF
Enterprise Value to OCF
34
vs History
34
vs Industry
25
Median 3Y
27.7
Median 5Y
27.9
Industry
19.9
More Details
45.3
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
45.3
vs History
30
vs Industry
22
Median 3Y
37.9
Median 5Y
38
Industry
24.5
More Details
10.8
EV/IC
EV/IC
Enterprise Value to IC
10.8
vs History
14
vs Industry
11
Median 3Y
8.1
Median 5Y
8.5
Industry
2.3
More Details

Multiples Across Competitors

ASML Competitors Multiples
ASML Holding NV Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
NL
ASML Holding NV
AEX:ASML
424.8B EUR 13.2 41.6 31.5 34.7
US
Brooks Automation Inc
LSE:0HQ1
300.3B USD 505.7 -5 385.6 7 587.4 -13 841
US
Lam Research Corp
NASDAQ:LRCX
273.7B USD 14 47.1 39.5 41.9
US
Applied Materials Inc
NASDAQ:AMAT
241.8B USD 8.5 34.5 26.9 28.3
US
KLA Corp
NASDAQ:KLAC
189.6B USD 15.1 44.7 33.1 35.5
JP
Tokyo Electron Ltd
TSE:8035
18.8T JPY 7.6 34.7 24.2 26.7
JP
Advantest Corp
TSE:6857
16T JPY 16.4 61.1 40.2 42.9
CN
NAURA Technology Group Co Ltd
SZSE:002371
353.7B CNY 9.6 56.2 51.2 51.2
JP
Disco Corp
TSE:6146
6.2T JPY 15.2 49.3 32.9 35.5
US
Teradyne Inc
NASDAQ:TER
35.9B USD 12.6 81 54.1 66.4
NL
ASM International NV
AEX:ASM
30.4B EUR 9.3 38.8 24.7 30.6
P/E Multiple
Earnings Growth PEG
NL
ASML Holding NV
AEX:ASML
Average P/E: 48.9
41.6
15%
2.8
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -5 385.6 N/A N/A
US
Lam Research Corp
NASDAQ:LRCX
47.1
15%
3.1
US
Applied Materials Inc
NASDAQ:AMAT
34.5
12%
2.9
US
KLA Corp
NASDAQ:KLAC
44.7
15%
3
JP
Tokyo Electron Ltd
TSE:8035
34.7
9%
3.9
JP
Advantest Corp
TSE:6857
61.1
39%
1.6
CN
NAURA Technology Group Co Ltd
SZSE:002371
56.2
30%
1.9
JP
Disco Corp
TSE:6146
49.3
10%
4.9
US
Teradyne Inc
NASDAQ:TER
81
24%
3.4
NL
ASM International NV
AEX:ASM
38.8
14%
2.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NL
ASML Holding NV
AEX:ASML
Average EV/EBITDA: 722.3
31.5
13%
2.4
US
B
Brooks Automation Inc
LSE:0HQ1
7 587.4
46%
164.9
US
Lam Research Corp
NASDAQ:LRCX
39.5
15%
2.6
US
Applied Materials Inc
NASDAQ:AMAT
26.9
8%
3.4
US
KLA Corp
NASDAQ:KLAC
33.1
11%
3
JP
Tokyo Electron Ltd
TSE:8035
24.2
8%
3
JP
Advantest Corp
TSE:6857
40.2
22%
1.8
CN
NAURA Technology Group Co Ltd
SZSE:002371
51.2
32%
1.6
JP
Disco Corp
TSE:6146
32.9
11%
3
US
Teradyne Inc
NASDAQ:TER
54.1
26%
2.1
NL
ASM International NV
AEX:ASM
24.7
13%
1.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NL
ASML Holding NV
AEX:ASML
Average EV/EBIT: 39.4
34.7
14%
2.5
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -13 841 N/A N/A
US
Lam Research Corp
NASDAQ:LRCX
41.9
15%
2.8
US
Applied Materials Inc
NASDAQ:AMAT
28.3
8%
3.5
US
KLA Corp
NASDAQ:KLAC
35.5
12%
3
JP
Tokyo Electron Ltd
TSE:8035
26.7
N/A N/A
JP
Advantest Corp
TSE:6857
42.9
N/A N/A
CN
NAURA Technology Group Co Ltd
SZSE:002371
51.2
28%
1.8
JP
Disco Corp
TSE:6146
35.5
N/A N/A
US
Teradyne Inc
NASDAQ:TER
66.4
30%
2.2
NL
ASM International NV
AEX:ASM
30.6
14%
2.2

See Also

Summary
ASML intrinsic value, competitors valuation, and company profile.
DCF Valuation
ASML stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ASML stock valuation using valuation multiples.
Wall Street Estimates
ASML price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
ASML stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 309,400+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.