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ASML Holding NV
MIL:ASML

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ASML Holding NV
MIL:ASML
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Price: 884 EUR -4.48% Market Closed
Market Cap: €348.8B

P/B

19.9
Current
11%
More Expensive
vs 3-y average of 17.9

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
19.9
=
Market Cap
€471.2B
/
Total Equity
€24.2B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
19.9
=
Market Cap
€471.2B
/
Total Equity
€24.2B

Valuation Scenarios

ASML Holding NV is trading above its 3-year average

If P/B returns to its 3-Year Average (17.9), the stock would be worth €793.85 (10% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-89%
Maximum Upside
+5%
Average Downside
25%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 19.9 €884
0%
3-Year Average 17.9 €793.85
-10%
5-Year Average 18.5 €820.58
-7%
Industry Average 21 €932.23
+5%
Country Average 2.2 €96.43
-89%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
NL
ASML Holding NV
MIL:ASML
481.6B EUR 19.9 47.2
US
Lam Research Corp
NASDAQ:LRCX
334.9B USD 31.6 49.9
US
Applied Materials Inc
NASDAQ:AMAT
331B USD 15.2 42.2
US
KLA Corp
NASDAQ:KLAC
253.8B USD 46.4 55.7
US
Brooks Automation Inc
LSE:0HQ1
234.5B USD 136.7 -4 053.1
JP
Advantest Corp
TSE:6857
21.4T JPY 31.7 74.1
JP
Tokyo Electron Ltd
TSE:8035
21T JPY 10.5 41.8
US
Teradyne Inc
NASDAQ:TER
65.3B USD 23.3 117.7
CN
NAURA Technology Group Co Ltd
SZSE:002371
344.2B CNY 8.9 61
JP
Disco Corp
TSE:6146
7.8T JPY 13.2 57.4
NL
ASM International NV
AEX:ASM
42.4B EUR 10.6 42.8
P/E Multiple
Earnings Growth PEG
NL
ASML Holding NV
MIL:ASML
Average P/E: 59
47.2
20%
2.4
US
Lam Research Corp
NASDAQ:LRCX
49.9
24%
2.1
US
Applied Materials Inc
NASDAQ:AMAT
42.2
20%
2.1
US
KLA Corp
NASDAQ:KLAC
55.7
22%
2.5
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -4 053.1 N/A N/A
JP
Advantest Corp
TSE:6857
74.1
50%
1.5
JP
Tokyo Electron Ltd
TSE:8035
41.8
13%
3.2
US
Teradyne Inc
NASDAQ:TER
117.7
44%
2.7
CN
NAURA Technology Group Co Ltd
SZSE:002371
61
N/A N/A
JP
Disco Corp
TSE:6146
57.4
N/A N/A
NL
ASM International NV
AEX:ASM
42.8
23%
1.9

Market Distribution

Higher than 92% of companies in Netherlands
Percentile
92nd
Based on 554 companies
92nd percentile
14.1
Low
0 — 1.4
Typical Range
1.4 — 4.4
High
4.4 —
Distribution Statistics
Netherlands
Min 0
30th Percentile 1.4
Median 2.2
70th Percentile 4.4
Max 589.5

ASML Holding NV
Glance View

In the intricate and high-stakes world of semiconductor manufacturing, ASML Holding NV stands as a pivotal player, commanding both respect and influence. Originating from the Netherlands, ASML has positioned itself as a critical cog in the machinery of the digital age. With its unmatched ability to design and manufacture advanced lithography machines, ASML ensures the continuous shrinkage of microchips—a paramount necessity as the demand for faster, more efficient, and compact devices surges globally. The company’s bread and butter are its state-of-the-art Extreme Ultraviolet (EUV) lithography systems, which employ a complex interplay of light and lenses to etch extremely fine patterns onto silicon wafers. This technology is central to fabricating the most advanced semiconductors, found at the heart of every contemporary technology, from smartphones to supercomputers. ASML’s business model thrives on the integration of cutting-edge innovation and strategic partnerships. By collaborating closely with major chipmakers like Intel, Samsung, and TSMC, ASML ensures its technology not only meets but anticipates industry needs. The company generates revenue through the sale of these sophisticated machines, each potentially priced at over $100 million, complemented by lucrative long-term service agreements. In addition to selling new systems, ASML capitalizes on servicing and upgrading approximately 7,000 lithography machines operating worldwide. This approach provides a stable and continuous revenue stream, cementing ASML’s role as a linchpin in the semiconductor supply chain. Through relentless innovation and strategic maneuvers, ASML not only adapts to but shapes the future of technology.

ASML Intrinsic Value
498.07 EUR
Overvaluation 44%
Intrinsic Value
Price €884
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