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ASML Holding NV
AEX:ASML

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ASML Holding NV
AEX:ASML
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Price: 1 284.2 EUR 1.94% Market Closed
Market Cap: €498.5B

EV/EBITDA

39.5
Current
45%
More Expensive
vs 3-y median of 27.2

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
39.5
=
Enterprise Value
€439.4B
/
EBITDA
€12.3B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
39.5
=
Enterprise Value
€439.4B
/
EBITDA
€12.3B

Valuation Scenarios

ASML Holding NV is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (27.2), the stock would be worth €883.07 (31% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-69%
Maximum Upside
No Upside Scenarios
Average Downside
36%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 39.5 €1 284.2
0%
3-Year Average 27.2 €883.07
-31%
5-Year Average 30.4 €986.68
-23%
Industry Average 30.5 €990.58
-23%
Country Average 12.4 €402.55
-69%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€439.4B
/
Jan 2026
€12.3B
=
39.5
Current
€439.4B
/
Dec 2026
€14.8B
=
29.6
Forward
€439.4B
/
Dec 2027
€19.1B
=
23
Forward
€439.4B
/
Dec 2028
€21.6B
=
20.3
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
NL
ASML Holding NV
AEX:ASML
497.8B EUR 39.5 51.8
US
Lam Research Corp
NASDAQ:LRCX
334.5B USD 46.1 54.9
US
Applied Materials Inc
NASDAQ:AMAT
314.1B USD 35.3 40.1
US
KLA Corp
NASDAQ:KLAC
232B USD 40.4 51.7
US
Brooks Automation Inc
LSE:0HQ1
196B USD 4 899.5 -3 387.1
JP
Tokyo Electron Ltd
TSE:8035
20T JPY 29.1 39.8
JP
Advantest Corp
TSE:6857
19.6T JPY 44.4 68
US
Teradyne Inc
NASDAQ:TER
57.8B USD 69.7 102.9
CN
NAURA Technology Group Co Ltd
SZSE:002371
341B CNY 50.1 55
JP
Disco Corp
TSE:6146
7.8T JPY 39.5 59.2
NL
ASM International NV
AEX:ASM
36.8B EUR 29.8 50.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NL
ASML Holding NV
AEX:ASML
Average EV/EBITDA: 483.9
39.5
21%
1.9
US
Lam Research Corp
NASDAQ:LRCX
46.1
26%
1.8
US
Applied Materials Inc
NASDAQ:AMAT
35.3
18%
2
US
KLA Corp
NASDAQ:KLAC
40.4
18%
2.2
US
B
Brooks Automation Inc
LSE:0HQ1
4 899.5
48%
102.1
JP
Tokyo Electron Ltd
TSE:8035
29.1
13%
2.2
JP
Advantest Corp
TSE:6857
44.4
36%
1.2
US
Teradyne Inc
NASDAQ:TER
69.7
38%
1.8
CN
NAURA Technology Group Co Ltd
SZSE:002371
50.1
32%
1.6
JP
Disco Corp
TSE:6146
39.5
16%
2.5
NL
ASM International NV
AEX:ASM
29.8
17%
1.8
P/E Multiple
Earnings Growth PEG
NL
ASML Holding NV
AEX:ASML
Average P/E: 57.4
51.8
23%
2.3
US
Lam Research Corp
NASDAQ:LRCX
54.9
24%
2.3
US
Applied Materials Inc
NASDAQ:AMAT
40.1
20%
2
US
KLA Corp
NASDAQ:KLAC
51.7
22%
2.3
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -3 387.1 N/A N/A
JP
Tokyo Electron Ltd
TSE:8035
39.8
13%
3.1
JP
Advantest Corp
TSE:6857
68
50%
1.4
US
Teradyne Inc
NASDAQ:TER
102.9
44%
2.3
CN
NAURA Technology Group Co Ltd
SZSE:002371
55
30%
1.8
JP
Disco Corp
TSE:6146
59.2
16%
3.7
NL
ASM International NV
AEX:ASM
50.8
23%
2.2

Market Distribution

Higher than 87% of companies in Netherlands
Percentile
87th
Based on 490 companies
87th percentile
39.5
Low
0 — 7.9
Typical Range
7.9 — 19.3
High
19.3 —
Distribution Statistics
Netherlands
Min 0
30th Percentile 7.9
Median 12.4
70th Percentile 19.3
Max 706

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
773.12 EUR
Overvaluation 40%
Intrinsic Value
Price €1 284.2
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