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 higher than the median of its peer group: around 24.00. The company valuation of ASML Holding NV according to these metrics is 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): 17.29. 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 lower than its historical 5-year average: 32.0. The (current) company valuation of ASML Holding NV is therefore below its valuation average over the last five years.

P/E Last P/E (e) 2023P/E NTM
ASML Holding NVFree trialFree trialFree trial
International PeersFree trialFree trialFree trial
AEX 2515.8916.2514.11
Beta (Ref: AEX 25)
Levered betaUnlevered beta
Stock Perf excl. Dividends (in EUR)
ASMLAEX 25Rel. Perf.
International Peers - ASML Holding NV
Company NameCtryMarket
last (mUSD)
ASML Holding NVNLD226 988
International Peers Median1.59
ASM International N.V.NLD20 100
ASM Pacific Technology ...CYM3 638
Kulicke & Soffa Industr...USA2 743
BE Semiconductor Indust...NLD7 133
Applied Materials Inc.USA112 982
GPRV Analysis
ASML Holding NV
Intl. Peers
U.S Patents No. 7,882,001 & 8,082,201
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1-Year Rebased Stock Chart

  • ASML Holding NV
  • AEX 25

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Multiples charts provide an effective way to quickly analyze a company's valuation over a period of time, and compare it against the valuation of another company, a personal list, or a market index.

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).