ASML HOLDING NV-NY REG SHS (ASML) Fundamental Analysis & Valuation

NASDAQ:ASML • USN070592100

1357.42 USD
+64.62 (+5%)
At close: Mar 9, 2026
1350.99 USD
-6.43 (-0.47%)
After Hours: 3/9/2026, 7:45:20 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This ASML fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to ASML. ASML was compared to 115 industry peers in the Semiconductors & Semiconductor Equipment industry. ASML has an excellent profitability rating, but there are some minor concerns on its financial health. ASML is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

9

1. ASML Profitability Analysis

1.1 Basic Checks

  • ASML had positive earnings in the past year.
  • In the past year ASML had a positive cash flow from operations.
  • Each year in the past 5 years ASML has been profitable.
  • Each year in the past 5 years ASML had a positive operating cash flow.
ASML Yearly Net Income VS EBIT VS OCF VS FCFASML Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • With an excellent Return On Assets value of 19.00%, ASML belongs to the best of the industry, outperforming 93.04% of the companies in the same industry.
  • ASML's Return On Equity of 49.00% is amongst the best of the industry. ASML outperforms 94.78% of its industry peers.
  • ASML's Return On Invested Capital of 35.18% is amongst the best of the industry. ASML outperforms 97.39% of its industry peers.
  • ASML had an Average Return On Invested Capital over the past 3 years of 30.78%. This is significantly above the industry average of 10.50%.
  • The 3 year average ROIC (30.78%) for ASML is below the current ROIC(35.18%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 19%
ROE 49%
ROIC 35.18%
ROA(3y)18.07%
ROA(5y)17.83%
ROE(3y)49.42%
ROE(5y)54.02%
ROIC(3y)30.78%
ROIC(5y)30.25%
ASML Yearly ROA, ROE, ROICASML Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • The Profit Margin of ASML (29.42%) is better than 87.83% of its industry peers.
  • In the last couple of years the Profit Margin of ASML has grown nicely.
  • ASML has a better Operating Margin (34.60%) than 93.04% of its industry peers.
  • ASML's Operating Margin has improved in the last couple of years.
  • ASML has a better Gross Margin (52.83%) than 67.83% of its industry peers.
  • ASML's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 34.6%
PM (TTM) 29.42%
GM 52.83%
OM growth 3Y4.06%
OM growth 5Y3.6%
PM growth 3Y3.46%
PM growth 5Y2.96%
GM growth 3Y1.49%
GM growth 5Y1.67%
ASML Yearly Profit, Operating, Gross MarginsASML Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. ASML Health Analysis

2.1 Basic Checks

  • ASML has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • The debt/assets ratio for ASML has been reduced compared to a year ago.
ASML Yearly Shares OutstandingASML Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
ASML Yearly Total Debt VS Total AssetsASML Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • ASML has a debt to FCF ratio of 0.25. This is a very positive value and a sign of high solvency as it would only need 0.25 years to pay back of all of its debts.
  • ASML has a Debt to FCF ratio of 0.25. This is amongst the best in the industry. ASML outperforms 82.61% of its industry peers.
  • A Debt/Equity ratio of 0.14 indicates that ASML is not too dependend on debt financing.
  • ASML has a Debt to Equity ratio of 0.14. This is comparable to the rest of the industry: ASML outperforms 53.91% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 0.25
Altman-Z N/A
ROIC/WACC3.2
WACC11.01%
ASML Yearly LT Debt VS Equity VS FCFASML Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • ASML has a Current Ratio of 1.26. This is a normal value and indicates that ASML is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Current ratio value of 1.26, ASML is not doing good in the industry: 86.09% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.79 indicates that ASML may have some problems paying its short term obligations.
  • The Quick ratio of ASML (0.79) is worse than 90.43% of its industry peers.
Industry RankSector Rank
Current Ratio 1.26
Quick Ratio 0.79
ASML Yearly Current Assets VS Current LiabilitesASML Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. ASML Growth Analysis

3.1 Past

  • ASML shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 28.48%, which is quite impressive.
  • ASML shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.86% yearly.
  • ASML shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.58%.
  • Measured over the past years, ASML shows a quite strong growth in Revenue. The Revenue has been growing by 18.50% on average per year.
EPS 1Y (TTM)28.48%
EPS 3Y20.41%
EPS 5Y23.86%
EPS Q2Q%7.31%
Revenue 1Y (TTM)15.58%
Revenue growth 3Y15.55%
Revenue growth 5Y18.5%
Sales Q2Q%4.92%

3.2 Future

  • Based on estimates for the next years, ASML will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.85% on average per year.
  • The Revenue is expected to grow by 13.07% on average over the next years. This is quite good.
EPS Next Y22.09%
EPS Next 2Y25.89%
EPS Next 3Y22.66%
EPS Next 5Y19.85%
Revenue Next Year14.6%
Revenue Next 2Y16.28%
Revenue Next 3Y14.55%
Revenue Next 5Y13.07%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
ASML Yearly Revenue VS EstimatesASML Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B
ASML Yearly EPS VS EstimatesASML Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20 40 60 80

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Find the best growth stocksShow best growing peers

4

4. ASML Valuation Analysis

4.1 Price/Earnings Ratio

  • ASML is valuated quite expensively with a Price/Earnings ratio of 47.50.
  • Compared to the rest of the industry, the Price/Earnings ratio of ASML indicates a somewhat cheap valuation: ASML is cheaper than 66.96% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.46. ASML is valued rather expensively when compared to this.
  • The Price/Forward Earnings ratio is 38.90, which means the current valuation is very expensive for ASML.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ASML is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 24.65. ASML is valued rather expensively when compared to this.
Industry RankSector Rank
PE 47.5
Fwd PE 38.9
ASML Price Earnings VS Forward Price EarningsASML Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ASML is valued a bit cheaper than the industry average as 63.48% of the companies are valued more expensively.
  • 76.52% of the companies in the same industry are more expensive than ASML, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 41.33
EV/EBITDA 34.32
ASML Per share dataASML EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ASML does not grow enough to justify the current Price/Earnings ratio.
  • ASML has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as ASML's earnings are expected to grow with 22.66% in the coming years.
PEG (NY)2.15
PEG (5Y)1.99
EPS Next 2Y25.89%
EPS Next 3Y22.66%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. ASML Dividend Analysis

5.1 Amount

  • ASML has a yearly dividend return of 0.63%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.49, ASML pays a better dividend. On top of this ASML pays more dividend than 80.87% of the companies listed in the same industry.
  • With a Dividend Yield of 0.63, ASML pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.63%

5.2 History

  • The dividend of ASML is nicely growing with an annual growth rate of 14.78%!
  • ASML has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of ASML decreased recently.
Dividend Growth(5Y)14.78%
Div Incr Years1
Div Non Decr Years1
ASML Yearly Dividends per shareASML Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • 26.54% of the earnings are spent on dividend by ASML. This is a low number and sustainable payout ratio.
  • ASML's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP26.54%
EPS Next 2Y25.89%
EPS Next 3Y22.66%
ASML Yearly Income VS Free CF VS DividendASML Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B
ASML Dividend Payout.ASML Dividend Payout, showing the Payout Ratio.ASML Dividend Payout.PayoutRetained Earnings

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ASML Fundamentals: All Metrics, Ratios and Statistics

ASML HOLDING NV-NY REG SHS

NASDAQ:ASML (3/9/2026, 7:45:20 PM)

After market: 1350.99 -6.43 (-0.47%)

1357.42

+64.62 (+5%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)01-28
Earnings (Next)04-15
Inst Owners44.32%
Inst Owner Change1.8%
Ins Owners0.01%
Ins Owner ChangeN/A
Market Cap526.88B
Revenue(TTM)32.67B
Net Income(TTM)9.61B
Analysts78.1
Price Target1654.93 (21.92%)
Short Float %0.26%
Short Ratio0.57
Dividend
Industry RankSector Rank
Dividend Yield 0.63%
Yearly Dividend7.26
Dividend Growth(5Y)14.78%
DP26.54%
Div Incr Years1
Div Non Decr Years1
Ex-Date04-27
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.12%
Min EPS beat(2)-4.81%
Max EPS beat(2)-1.44%
EPS beat(4)2
Avg EPS beat(4)1.71%
Min EPS beat(4)-4.81%
Max EPS beat(4)11.23%
EPS beat(8)5
Avg EPS beat(8)3.9%
EPS beat(12)9
Avg EPS beat(12)5.26%
EPS beat(16)13
Avg EPS beat(16)6.06%
Revenue beat(2)0
Avg Revenue beat(2)-3.17%
Min Revenue beat(2)-5.4%
Max Revenue beat(2)-0.95%
Revenue beat(4)1
Avg Revenue beat(4)-2.28%
Min Revenue beat(4)-5.4%
Max Revenue beat(4)0.27%
Revenue beat(8)4
Avg Revenue beat(8)-1.08%
Revenue beat(12)7
Avg Revenue beat(12)-0.26%
Revenue beat(16)10
Avg Revenue beat(16)0.11%
PT rev (1m)4.29%
PT rev (3m)45.87%
EPS NQ rev (1m)9.98%
EPS NQ rev (3m)18.88%
EPS NY rev (1m)10.44%
EPS NY rev (3m)13.78%
Revenue NQ rev (1m)6.24%
Revenue NQ rev (3m)11.12%
Revenue NY rev (1m)9.8%
Revenue NY rev (3m)9.91%
Valuation
Industry RankSector Rank
PE 47.5
Fwd PE 38.9
P/S 13.95
P/FCF 41.33
P/OCF 36
P/B 23.24
P/tB 31.47
EV/EBITDA 34.32
EPS(TTM)28.58
EY2.11%
EPS(NY)34.89
Fwd EY2.57%
FCF(TTM)32.84
FCFY2.42%
OCF(TTM)37.7
OCFY2.78%
SpS97.3
BVpS58.41
TBVpS43.14
PEG (NY)2.15
PEG (5Y)1.99
Graham Number193.81
Profitability
Industry RankSector Rank
ROA 19%
ROE 49%
ROCE 42.97%
ROIC 35.18%
ROICexc 71.29%
ROICexgc 117.85%
OM 34.6%
PM (TTM) 29.42%
GM 52.83%
FCFM 33.76%
ROA(3y)18.07%
ROA(5y)17.83%
ROE(3y)49.42%
ROE(5y)54.02%
ROIC(3y)30.78%
ROIC(5y)30.25%
ROICexc(3y)95.08%
ROICexc(5y)81.02%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)37.59%
ROCE(5y)36.94%
ROICexgc growth 3Y-3.81%
ROICexgc growth 5Y19.89%
ROICexc growth 3Y8.04%
ROICexc growth 5Y22.14%
OM growth 3Y4.06%
OM growth 5Y3.6%
PM growth 3Y3.46%
PM growth 5Y2.96%
GM growth 3Y1.49%
GM growth 5Y1.67%
F-Score6
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 0.25
Debt/EBITDA 0.22
Cap/Depr 159%
Cap/Sales 4.99%
Interest Coverage 250
Cash Conversion 102.69%
Profit Quality 114.76%
Current Ratio 1.26
Quick Ratio 0.79
Altman-Z N/A
F-Score6
WACC11.01%
ROIC/WACC3.2
Cap/Depr(3y)227.55%
Cap/Depr(5y)221.67%
Cap/Sales(3y)6.78%
Cap/Sales(5y)6.32%
Profit Quality(3y)92.05%
Profit Quality(5y)114.39%
High Growth Momentum
Growth
EPS 1Y (TTM)28.48%
EPS 3Y20.41%
EPS 5Y23.86%
EPS Q2Q%7.31%
EPS Next Y22.09%
EPS Next 2Y25.89%
EPS Next 3Y22.66%
EPS Next 5Y19.85%
Revenue 1Y (TTM)15.58%
Revenue growth 3Y15.55%
Revenue growth 5Y18.5%
Sales Q2Q%4.92%
Revenue Next Year14.6%
Revenue Next 2Y16.28%
Revenue Next 3Y14.55%
Revenue Next 5Y13.07%
EBIT growth 1Y-10.34%
EBIT growth 3Y20.24%
EBIT growth 5Y22.77%
EBIT Next Year28.54%
EBIT Next 3Y23.46%
EBIT Next 5Y19.34%
FCF growth 1Y21.4%
FCF growth 3Y15.44%
FCF growth 5Y24.91%
OCF growth 1Y13.36%
OCF growth 3Y14.26%
OCF growth 5Y22.29%

ASML HOLDING NV-NY REG SHS / ASML FAQ

Can you provide the ChartMill fundamental rating for ASML HOLDING NV-NY REG SHS?

ChartMill assigns a fundamental rating of 6 / 10 to ASML.


Can you provide the valuation status for ASML HOLDING NV-NY REG SHS?

ChartMill assigns a valuation rating of 4 / 10 to ASML HOLDING NV-NY REG SHS (ASML). This can be considered as Fairly Valued.


How profitable is ASML HOLDING NV-NY REG SHS (ASML) stock?

ASML HOLDING NV-NY REG SHS (ASML) has a profitability rating of 9 / 10.


What is the valuation of ASML HOLDING NV-NY REG SHS based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ASML HOLDING NV-NY REG SHS (ASML) is 47.5 and the Price/Book (PB) ratio is 23.24.


What is the earnings growth outlook for ASML HOLDING NV-NY REG SHS?

The Earnings per Share (EPS) of ASML HOLDING NV-NY REG SHS (ASML) is expected to grow by 22.09% in the next year.