ASML Holding Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ASMF (€688) is trading below our estimate of fair value (€778.7)

Significantly Below Fair Value: ASMF is trading below fair value, but not by a significant amount.


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ASMF. This is calculated by dividing ASMF's market cap by their current earnings.
What is ASMF's PE Ratio?
PE Ratio38.8x
Earnings€6.93b
Market Cap€268.63b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ASMF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.9x
AIXA AIXTRON
14x5.6%€1.6b
WAF Siltronic
15x-15.1%€1.4b
IFX Infineon Technologies
23.8x17.0%€41.6b
SMHN SÜSS MicroTec
22.6x-3.4%€973.0m
ASMF ASML Holding
38.8x18.4%€268.6b

Price-To-Earnings vs Peers: ASMF is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the peer average (18.9x).


Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ASMF 38.8xIndustry Avg. 14.5xNo. of Companies6PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASMF is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the European Semiconductor industry average (14.2x).


Price to Earnings Ratio vs Fair Ratio

What is ASMF'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.

ASMF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.8x
Fair PE Ratio31.4x

Price-To-Earnings vs Fair Ratio: ASMF is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the estimated Fair Price-To-Earnings Ratio (31.4x).


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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