ASML Holding N.V. (ASML) is a publicly traded company in the Technology — Semiconductors industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
ASML Holding N.V. provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems. The company offers lithography, metrology, and inspection systems. It also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography systems solutions to manufacture various range of semiconductor nodes and technologies.
Is ASML Holding N.V. stock overvalued or undervalued in 2026?
ASML Holding N.V. (ASML) trades at 44.4× earnings (P/E), above the median of the 314 technology companies over $2bn in Kaplio's universe. At the decade median (37.3×) $1,396 (-16 %); at its sector median (32.0×) $1,199 (-28 %).
Kaplio overview: ASML Holding N.V.
Market cap $641B · 52 weeks $967 – $1,989 (18 % below the high) · P/E 44.4× · 2027 expected P/E 26.4× · Dividend 0.52 % · Next earnings January 27, 2027 · expected EPS $16.29 · Closing price, Oct 28 · accounts published Oct 14.
- Valuation: P/E 44.4× (fairly priced).
- Business: ROIC 37 % (excellent).
- Balance sheet: Net cash/EBITDA 0.8× (solid).
- Earnings: 6 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (37.3×) $1,396 (-16 %); at its sector median (32.0×) $1,199 (-28 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in technology: 6 of 7 pass
- EV/EBITDA vs own 5y 34.2×, fails.
- 3y revenue growth 16.5 %, passes, near the threshold.
- Gross margin 52.8 %, passes.
- FCF / Revenue 32.6 %, passes.
- ROIC 37.2 %, passes.
- SBC / Revenue 0.6 %, passes.
- Net debt / EBITDA −0.8×, passes.
Against its peers (reference peers) — ASML Holding N.V.: P/E 44.4×; EV/EBITDA 34.2×; ROIC 37.2 %; $641B. Applied Materials, Inc. (P/E 35.9×; EV/EBITDA 26.9×; ROIC 23.5 %; $330B), Lam Research Corporation (P/E 37.8×; EV/EBITDA 28.8×; ROIC 44.1 %; $318B), KLA Corporation (P/E 43.3×; EV/EBITDA 32.9×; ROIC 35.6 %; $207B).
Expensive or cheap against its last ten years?
P/E at each close: today 44.4× · median 37.3× · minimum 21.8× · maximum 64.7× · cheap below 33.3× · expensive above 49.1×. It has been cheaper than today 70% of the time over its last ten years.
Dividend
tight (only raised recently) · Yield 0.52 % ($7.01 per ADS in 2025) · 5-year growth +22 % a year · Free cash flow coverage 3.2× · With $1,000 invested today you'd collect $5.20 a year ($0.43 a month).
Investor methods verdict
Would Buffett approve ASML today?
The Buffett Method would wait for a better price for ASML: it yields 1.7% before tax; it asks for 10%. Business quality: 96 out of 100 (price not included). Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Profitability
| Return on Equity | 63.91% |
| Return on Invested Capital | 37.20% |
| Return on Assets | 22.85% |
| Gross Margin | 54.34% |
| Operating Margin | 38.55% |
| Net Margin | 34.14% |
Financial Health
| Debt / Equity | 0.09 |
| Current Ratio | 1.49 |
| Piotroski F-Score | 8 |
| Altman Z-Score | 8.88 |
Compare it with
Price Performance
| 1 month | -10.84% |
| 3 months | +0.40% |
| Year-to-date | +52.88% |
| 1 year | +52.74% |
| 3 years | +177.74% |
| 5 years | +101.21% |
| 10 years | +1448.54% |
Dividend History
Paid in the last 12 months: $9.3198 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-10-27 | $2.1077 |
| 2026-07-28 | $2.1378 |
| 2026-04-27 | $3.1680 |
| 2026-02-10 | $1.9064 |
| 2025-10-29 | $1.8640 |
| 2025-07-29 | $1.8468 |
| 2025-04-28 | $2.0906 |
| 2025-02-11 | $1.5705 |
| 2024-10-29 | $1.6414 |
| 2024-07-29 | $1.6434 |
Amounts adjusted for stock splits.
Related companies: LRCX · AMAT · KLAC · NVMI · ONTO
Explore sector: Technology · Semiconductors
More sections of ASML: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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