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 18.00. 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): 18.22. 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 higher than its historical 5-year average: 26.2. The (current) company valuation of ASML Holding NV is therefore way above its valuation average over the last five years.

Valuation
P/E Last P/E (e) 2020P/E NTM
ASML Holding NVFree trialFree trialFree trial
International PeersFree trialFree trialFree trial
Semiconductors16.7022.4918.22
AEX 2518.1621.0518.50
Netherlands10.2312.7913.55
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Beta (Ref: AEX 25)
Levered betaUnlevered beta
1-Year1.041.06
2-Year1.161.18
3-Year1.251.26
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Stock Perf excl. Dividends (in EUR)
ASMLAEX 25Rel. Perf.
Year-to-Date16.5%-10.5%27.0%
1-Week-0.4%-1.8%1.4%
1-Month-3.7%-3.4%-0.4%
1-Year37.2%-5.7%42.9%
3-Year124.1%2.5%121.6%
5-Year298.2%27.9%270.2%
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International Peers - ASML Holding NV
Company NameCtryMarket
Cap.
last (mUSD)
ASML Holding NVNLD150 516
International Peers Median1.29
Applied Materials Inc.USA53 180
KLA Corp.USA29 213
ASM Pacific Technology ...CYM4 243
BE Semiconductor Indust...NLD3 394
Canon Inc.JPN21 558
GPRV Analysis
ASML Holding NV
Intl. Peers
U.S Patents No. 7,882,001 & 8,082,201
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Net Sales Chart
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Quotes Chart

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).