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 35.00. 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): 19.43. 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: 33.2. 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) 2024P/E NTM
ASML Holding NVFree trialFree trialFree trial
International PeersFree trialFree trialFree trial
Semiconductors16.8319.3419.43
AEX 2510.4712.6312.50
Netherlands9.4310.2810.54
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Beta (Ref: AEX 25)
Levered betaUnlevered beta
1-Year1.651.68
2-Year1.831.87
3-Year1.891.93
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Stock Perf excl. Dividends (in EUR)
ASMLAEX 25Rel. Perf.
Year-to-Date22.9%7.8%15.1%
1-Week-1.5%0.7%-2.2%
1-Month22.1%8.9%13.2%
1-Year38.8%11.2%27.5%
3-Year69.6%25.0%44.5%
5-Year417.6%57.1%360.5%
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International Peers - ASML Holding NV
Company NameCtryMarket
Cap.
last (mUSD)
ASML Holding NVNLD354 670
International Peers Median1.35
ASM International N.V.NLD28 669
ASM Pacific Technology ...CYM4 650
Kulicke & Soffa Industr...USA2 744
BE Semiconductor Indust...NLD12 735
Applied Materials Inc.USA158 222
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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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).