ASML Holding NV

Netherlands Country flag Netherlands
Sector: Semiconductors
Ticker: ASML
ISIN: NL0010273215
Factsheet Factsheet

Market multiple valuation of ASML Holding NV ( ASML | NLD)

The most common multiple used in the valuation of stocks is the P/Earnings NTM multiple (Price to Earnings). P/E relates the current share price with the market expectations in terms of Earnings Per Share. This multiple is used to compare a company's market value with its earnings. A company with a high P/Earnings NTM is considered to be overvalued; a company with a low P/Earnings NTM is considered to be undervalued.
The P/Earnings NTM ratio of ASML Holding NV is significantly higher than the median of its peer group: around 20.00. The company valuation of ASML Holding NV according to these metrics is way above the market valuation of its peer group.
The P/Earnings NTM ratio of ASML Holding NV is significantly higher than the average of its sector (Semiconductors): 16.57. The company valuation of ASML Holding NV according to these metrics is way above the market valuation of its sector.
The P/Earnings NTM ratio of ASML Holding NV is significantly lower than its historical 5-year average: 35.6. The (current) company valuation of ASML Holding NV is therefore way below its valuation average over the last five years.

Valuation
P/E Last P/E (e) 2024P/E NTM
ASML Holding NVFree trialFree trialFree trial
International PeersFree trialFree trialFree trial
Semiconductors12.8317.6416.57
AEX 2519.3314.1414.29
Netherlands6.8910.9011.10
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Beta (Ref: AEX 25)
Levered betaUnlevered beta
1-YearN/AN/M
2-Year2.182.19
3-Year2.042.05
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Stock Perf excl. Dividends (in EUR)
ASMLAEX 25Rel. Perf.
Year-to-Date-1.6%5.8%-7.5%
1-Week2.1%0.8%1.3%
1-Month11.0%3.8%7.1%
1-Year-30.3%0.7%-31.0%
3-Year24.0%30.6%-6.7%
5-Year108.3%62.3%45.9%
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International Peers - ASML Holding NV
Company NameCtryMarket
Cap.
last (mUSD)
ASML Holding NVNLD-0.00
International Peers Median1.96
ASM International N.V.NLD-0.00
ASM Pacific Technology ...CYM-0.00
Kulicke & Soffa Industr...USA1 808
BE Semiconductor Indust...NLD-0.00
Applied Materials Inc.USA137 461
GPRV Analysis
Created with Highcharts 4.1.70/102/104/106/108/1010/10
ASML Holding NV
Intl. Peers
U.S Patents No. 7,882,001 & 8,082,201
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Net Sales Chart
Created with Highcharts 4.1.7Millions EUR201920202021202220232024 (e)2025 (e)2026 (e)2027 (e)0k20k40k60k
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Quotes Chart

1-Year Rebased Stock Chart

  • ASML Holding NV
  • AEX 25
Created with Highcharts 4.1.7Jan '25Sep '24May '25-60%-40%-20%0%20%
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Did you know ?

On the Infront Analytics platform, there are two ways to identify the listed peers which most closely resemble a private firm:
- with Peer Tracker if you already know a listed peer.
Peer Tracker is a patented technology tool for building peer groups using industry classifications. The degree of similarity between two companies is calculated comparing their sector footprints and measured using comparability scores.
- with Market Screener if you have no listed peer in mind.
Market Screener is a dedicated interface for screening companies using multiple criteria, identifying peers, searching for comparable companies in a specific business sector.

About Market Multiples

Many methods can be used to value a company. In reality, business valuation is often a combination of these different approaches. One of the most widely used quantitative methods is the market multiples method. The market valuation is utilized generally as a primary market input, to provide an objective starting point for the valuation. Put simply, this method multiplies the sales or profits of a business by an industry averaged multiplier to calculate the Market Value of the business.
Current multiples include:
- Historical multiples based on standardized financials for the last completed fiscal period: Last, Last Twelve Months (LTM);
- Forward multiples based on consensus estimates for the current fiscal period and next ones: Next Twelve Months (NTM), FY0, FY1.
Current multiples based on per-share metrics (such as earnings per share or book value per share) are calculated using the last closing price, while current multiples based on company-level metrics (such as net sales, EBIT or EBITDA) are calculated using the current market cap or EV (Enterprise Value).