(ASML) ASML Holding - Ratings and Ratios

Exchange: AS • Country: Netherlands • Currency: EUR • Type: Common Stock • ISIN: NL0010273215

Lithography,EUV,DUV,YieldStar,Metrology

ASML EPS (Earnings per Share)

EPS (Earnings per Share) of ASML over the last years for every Quarter: "2020-09-30": 2.53, "2020-12-31": 3.23, "2021-03-31": 3.2, "2021-06-30": 2.52, "2021-09-30": 4.26, "2021-12-31": 3.93, "2022-03-31": 1.73, "2022-06-30": 3.54, "2022-09-30": 4.29, "2022-12-31": 4.6, "2023-03-31": 4.95, "2023-06-30": 4.93, "2023-09-30": 4.81, "2023-12-31": 5.2, "2024-03-31": 3.11, "2024-06-30": 4.01, "2024-09-30": 5.28, "2024-12-31": 6.84, "2025-03-31": 6, "2025-06-30": 5.9,

ASML Revenue

Revenue of ASML over the last years for every Quarter: 2020-09-30: 3958, 2020-12-31: 4254.1, 2021-03-31: 4363.9, 2021-06-30: 4020.2, 2021-09-30: 5241.3, 2021-12-31: 4985.6, 2022-03-31: 3534.4, 2022-06-30: 5430.5, 2022-09-30: 5778.3, 2022-12-31: 6430.2, 2023-03-31: 6746.2, 2023-06-30: 6902.3, 2023-09-30: 6673, 2023-12-31: 7237, 2024-03-31: 5290, 2024-06-30: 6242.8, 2024-09-30: 7467.3, 2024-12-31: 9262.8, 2025-03-31: 7741.5, 2025-06-30: 7691.7,

Description: ASML ASML Holding

ASML Holding N.V. is a leading provider of lithography solutions for the semiconductor industry, offering a range of advanced equipment systems, including extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, as well as metrology and inspection systems. The companys products and services enable chipmakers to produce complex integrated circuits with high precision and accuracy.

From a business perspective, ASML operates in a highly competitive and rapidly evolving industry, with a global customer base that includes major semiconductor manufacturers in Japan, South Korea, Taiwan, and the United States. The companys strong market position is reflected in its high return on equity (RoE) of 56.21%, indicating a strong ability to generate profits from shareholder equity.

In terms of key performance indicators (KPIs), ASMLs revenue growth, gross margin, and research and development (R&D) expenses are important metrics to watch. The companys R&D efforts are critical to maintaining its competitive edge in the industry, and its gross margin is a key indicator of its pricing power and ability to maintain profitability. Additionally, ASMLs operating cash flow and capital expenditures are important metrics to monitor, as they reflect the companys ability to generate cash and invest in new technologies and products.

From a valuation perspective, ASMLs price-to-earnings (P/E) ratio of 26.09 and forward P/E ratio of 25.32 suggest that the stock is reasonably valued relative to its earnings growth prospects. However, the companys market capitalization of €269 billion is substantial, and its stock price has historically been volatile, with an average true range (ATR) of 2.85%. As such, investors should be prepared for potential price fluctuations and carefully consider their investment horizon and risk tolerance before investing in ASML.

ASML Stock Overview

Market Cap in USD 316,291m
Sub-Industry Semiconductor Materials & Equipment
IPO / Inception 1995-03-15

ASML Stock Ratings

Growth Rating 39.1%
Fundamental 85.5%
Dividend Rating 49.9%
Return 12m vs S&P 500 -13.4%
Analyst Rating -

ASML Dividends

Dividend Yield 12m 0.93%
Yield on Cost 5y 2.20%
Annual Growth 5y 19.60%
Payout Consistency 89.1%
Payout Ratio 27.0%

ASML Growth Ratios

Growth Correlation 3m -7.5%
Growth Correlation 12m -30.1%
Growth Correlation 5y 65.9%
CAGR 5y 22.28%
CAGR/Max DD 3y 0.50
CAGR/Mean DD 3y 1.97
Sharpe Ratio 12m 0.20
Alpha 0.05
Beta 0.712
Volatility 38.11%
Current Volume 966.2k
Average Volume 20d 514.3k
Stop Loss 710.9 (-3%)
Signal -0.43

Piotroski VR‑10 (Strict, 0-10) 8.0

Net Income (9.80b TTM) > 0 and > 6% of Revenue (6% = 1.93b TTM)
FCFTA 0.21 (>2.0%) and ΔFCFTA 13.46pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 25.17% (prev 32.70%; Δ -7.54pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.26 (>3.0%) and CFO 11.78b > Net Income 9.80b (YES >=105%, WARN >=100%)
Net Debt (15.07b) to EBITDA (11.67b) ratio: 1.29 <= 3.0 (WARN <= 3.5)
Current Ratio 1.43 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (NaN) change vs 12m ago NaN% (target <= -2.0% for YES)
Gross Margin 52.25% (prev 51.44%; Δ 0.81pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 75.16% (prev 62.45%; Δ 12.71pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 71.79 (EBITDA TTM 11.67b / Interest Expense TTM 162.6m) >= 6 (WARN >= 3)

Altman Z'' 4.62

(A) 0.18 = (Total Current Assets 26.71b - Total Current Liabilities 18.62b) / Total Assets 44.85b
(B) 0.32 = Retained Earnings (Balance) 14.41b / Total Assets 44.85b
(C) 0.27 = EBIT TTM 11.67b / Avg Total Assets 42.80b
(D) 0.53 = Book Value of Equity 14.41b / Total Liabilities 27.23b
Total Rating: 4.62 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 85.46

1. Piotroski 8.0pt = 3.0
2. FCF Yield 3.25% = 1.62
3. FCF Margin 28.78% = 7.19
4. Debt/Equity 1.27 = 1.75
5. Debt/Ebitda 1.91 = 0.17
6. ROIC - WACC (= 99.85)% = 12.50
7. RoE 56.21% = 2.50
8. Rev. Trend 59.16% = 4.44
9. EPS Trend 45.65% = 2.28

What is the price of ASML shares?

As of September 18, 2025, the stock is trading at EUR 732.90 with a total of 966,169 shares traded.
Over the past week, the price has changed by +7.27%, over one month by +14.75%, over three months by +9.66% and over the past year by +2.85%.

Is ASML Holding a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, ASML Holding (AS:ASML) is currently (September 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 85.46 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ASML is around 744.10 EUR . This means that ASML is currently overvalued and has a potential downside of 1.53%.

Is ASML a buy, sell or hold?

ASML Holding has no consensus analysts rating.

What are the forecasts/targets for the ASML price?

Issuer Target Up/Down from current
Wallstreet Target Price 757.8 3.4%
Analysts Target Price - -
ValueRay Target Price 826.9 12.8%

ASML Fundamental Data Overview

Market Cap USD = 316.29b (269.74b EUR * 1.1726 EUR.USD)
Market Cap EUR = 269.74b (269.74b EUR * 1.0 EUR.EUR)
CCE Cash And Equivalents = 7.24b EUR (Cash only, last quarter)
P/E Trailing = 28.4884
P/E Forward = 26.3158
P/S = 8.3864
P/B = 15.1806
P/EG = 1.488
Beta = 1.249
Revenue TTM = 32.16b EUR
EBIT TTM = 11.67b EUR
EBITDA TTM = 11.67b EUR
Long Term Debt = 3.70b EUR (from longTermDebt, last quarter)
Short Term Debt = 18.62b EUR (from totalCurrentLiabilities, last quarter)
Debt = 22.31b EUR (Calculated: Short Term 18.62b + Long Term 3.70b)
Net Debt = 15.07b EUR (calculated as Total Debt 22.31b - CCE 7.24b)
Enterprise Value = 284.81b EUR (269.74b + Debt 22.31b - CCE 7.24b)
Interest Coverage Ratio = 71.79 (Ebit TTM 11.67b / Interest Expense TTM 162.6m)
FCF Yield = 3.25% (FCF TTM 9.26b / Enterprise Value 284.81b)
FCF Margin = 28.78% (FCF TTM 9.26b / Revenue TTM 32.16b)
Net Margin = 30.47% (Net Income TTM 9.80b / Revenue TTM 32.16b)
Gross Margin = 52.25% ((Revenue TTM 32.16b - Cost of Revenue TTM 15.36b) / Revenue TTM)
Tobins Q-Ratio = 19.76 (Enterprise Value 284.81b / Book Value Of Equity 14.41b)
Interest Expense / Debt = 0.73% (Interest Expense 162.6m / Debt 22.31b)
Taxrate = 18.59% (1.68b / 9.04b)
NOPAT = 9.50b (EBIT 11.67b * (1 - 18.59%))
Current Ratio = 1.43 (Total Current Assets 26.71b / Total Current Liabilities 18.62b)
Debt / Equity = 1.27 (Debt 22.31b / last Quarter total Stockholder Equity 17.62b)
Debt / EBITDA = 1.91 (Net Debt 15.07b / EBITDA 11.67b)
Debt / FCF = 2.41 (Debt 22.31b / FCF TTM 9.26b)
Total Stockholder Equity = 17.44b (last 4 quarters mean)
RoA = 21.85% (Net Income 9.80b, Total Assets 44.85b )
RoE = 56.21% (Net Income TTM 9.80b / Total Stockholder Equity 17.44b)
RoCE = 55.23% (Ebit 11.67b / (Equity 17.44b + L.T.Debt 3.70b))
RoIC = 107.9% (NOPAT 9.50b / Invested Capital 8.81b)
WACC = 8.03% (E(269.74b)/V(292.05b) * Re(8.64%)) + (D(22.31b)/V(292.05b) * Rd(0.73%) * (1-Tc(0.19)))
Shares Correlation 3-Years: -96.19 | Cagr: -0.41%
Discount Rate = 8.64% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 70.50% ; FCFE base≈6.72b ; Y1≈4.97b ; Y5≈2.87b
Fair Price DCF = 125.1 (DCF Value 49.18b / Shares Outstanding 393.2m; 5y FCF grow -30.90% → 3.0% )
EPS Correlation: 45.65 | EPS CAGR: 12.29% | SUE: 4.0 | # QB: 2
Revenue Correlation: 59.16 | Revenue CAGR: 10.96% | SUE: N/A | # QB: None

Additional Sources for ASML Stock

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