ASML Holding N.V.

SWX:ASML Stock Report

Market Cap: CHF 422.1b

ASML Holding Valuation

Is ASML undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of ASML when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ASML (CHF1070) is trading above our estimate of future cash flow value (CHF789.42)

Significantly Below Future Cash Flow Value: ASML is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASML?

Key metric: As ASML is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ASML. This is calculated by dividing ASML's market cap by their current earnings.
What is ASML's PE Ratio?
PE Ratio47.9x
Earnings€9.61b
Market Cap€460.35b

Price to Earnings Ratio vs Peers

How does ASML's PE Ratio compare to its peers?

The above table shows the PE ratio for ASML vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average44x
LRCX Lam Research
50x13.95%US$299.8b
AMAT Applied Materials
38.7x10.54%US$267.3b
KLAC KLA
52.2x11.79%US$213.8b
8035 Tokyo Electron
35x10.41%JP¥18.9t
ASML ASML Holding
47.9x15.07%CHF 460.3b

Price-To-Earnings vs Peers: Insufficient data to calculate ASML's Price-To-Earnings Ratio vs. peers for valuation analysis.

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ASML's PE Ratio compare vs other companies in the European Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASML 47.9xIndustry Avg. 41.3xNo. of Companies5PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASML is expensive based on its Price-To-Earnings Ratio (47.9x) compared to the European Semiconductor industry average (42x).

Price to Earnings Ratio vs Fair Ratio

What is ASML's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASML PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio47.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ASML's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ASML forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 1,070.00
CHF 1,240.64
+15.95%
13.87%CHF 1,467.03CHF 861.88n/a32
Jan ’27n/a
CHF 938.64
0%
14.09%CHF 1,210.70CHF 596.04n/a30
Dec ’26n/a
CHF 913.66
0%
11.97%CHF 1,121.21CHF 597.98n/a31
Nov ’26n/a
CHF 866.93
0%
11.50%CHF 1,063.38CHF 591.79n/a31
Oct ’26n/a
CHF 757.02
0%
14.53%CHF 1,075.51CHF 467.61n/a31
Sep ’26n/a
CHF 706.78
0%
12.58%CHF 889.17CHF 467.98n/a31
Aug ’26n/a
CHF 705.61
0%
12.61%CHF 884.49CHF 465.52n/a31
Jul ’26n/a
CHF 715.73
0%
12.68%CHF 906.15CHF 467.09n/a32
Jun ’26n/a
CHF 719.87
0%
12.79%CHF 906.34CHF 467.18n/a32
May ’26n/a
CHF 719.55
0%
12.86%CHF 909.40CHF 468.76n/a32
Apr ’26n/a
CHF 803.92
0%
13.26%CHF 1,008.70CHF 477.15n/a32
Mar ’26n/a
CHF 790.58
0%
13.27%CHF 992.15CHF 469.32n/a32
Feb ’26n/a
CHF 794.59
0%
13.37%CHF 997.86CHF 472.02n/a32
Jan ’26n/a
CHF 796.87
0%
12.58%CHF 994.33CHF 634.98n/a31
Dec ’25n/a
CHF 787.60
0%
12.89%CHF 984.81CHF 628.90n/a30
Nov ’25n/a
CHF 811.31
0%
12.15%CHF 994.32CHF 639.67n/a31
Oct ’25n/a
CHF 950.91
0%
13.08%CHF 1,180.25CHF 721.26n/a30
Sep ’25n/a
CHF 1,014.03
0%
12.04%CHF 1,235.35CHF 789.41n/a30
Aug ’25n/a
CHF 1,021.62
0%
12.01%CHF 1,244.21CHF 795.07n/a30
Jul ’25n/a
CHF 974.42
0%
15.91%CHF 1,252.95CHF 611.08n/a32
Jun ’25n/a
CHF 983.82
0%
15.43%CHF 1,246.00CHF 627.94n/a32
May ’25n/a
CHF 970.39
0%
15.75%CHF 1,229.96CHF 619.86n/a32
Apr ’25n/a
CHF 860.61
0%
17.03%CHF 1,233.85CHF 621.82n/a33
Mar ’25n/a
CHF 806.81
0%
14.17%CHF 1,014.99CHF 605.75n/a34
Feb ’25n/a
CHF 756.62
0%
15.49%CHF 980.99CHF 480.22n/a34
Jan ’25n/a
CHF 654.39
0%
14.49%CHF 887.54CHF 411.07n/a34
CHF 1.21k
Fair Value
11.9% undervalued intrinsic discount
32
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/29 07:50
End of Day Share Price 2026/01/29 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ASML Holding N.V. is covered by 57 analysts. 37 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Warren LauAletheia Analyst Network Limited
Brett SimpsonArete Research Services LLP
Guenther HollfelderBaader Helvea Equity Research