Company Valuation: ASML Holding N.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 287,256 200,985 268,992 266,748 355,841 551,268 - -
Change - -30.03% 33.84% -0.83% 33.4% 54.92% - -
Enterprise Value (EV) 1 283,740 197,123 266,613 257,684 345,228 537,316 529,743 518,564
Change - -30.53% 35.25% -3.35% 33.97% 55.64% -1.41% -2.11%
P/E 49.3x 35.7x 34.3x 35.3x 37.3x 37.9x 27.9x 21.5x
PBR 28.6x 22.7x 20x 14.5x 18.2x 21.5x 15.7x 11.4x
PEG - -24.38x 0.8x -10.8x 1.3x 0.7x 0.8x 0.7x
Capitalization / Revenue 15.4x 9.49x 9.76x 9.44x 10.9x 12.9x 10.1x 8.52x
EV / Revenue 15.2x 9.31x 9.67x 9.12x 10.6x 12.5x 9.73x 8.02x
EV / EBITDA 40.5x 27.8x 27.3x 25.9x 28x 28.5x 21.3x 16.6x
EV / EBIT 43.4x 30.3x 29.5x 28.6x 30.5x 31.7x 22.9x 18x
EV / FCF 28.5x 27.4x 81.1x 28.3x 31.1x 58.1x 31.7x 25.4x
FCF Yield 3.51% 3.66% 1.23% 3.53% 3.21% 1.72% 3.16% 3.94%
Dividend per Share 2 5.5 5.8 6.1 6.4 7.5 9.039 11.52 14.23
Rate of return 0.78% 1.15% 0.89% 0.94% 0.81% 0.63% 0.8% 0.99%
EPS 2 14.34 14.13 19.89 19.24 24.71 37.88 51.54 66.73
Distribution rate 38.4% 41% 30.7% 33.3% 30.4% 23.9% 22.4% 21.3%
Net sales 1 18,611 21,173 27,558 28,263 32,667 42,820 54,453 64,693
EBITDA 1 7,007 7,084 9,782 9,941 12,327 18,823 24,898 31,147
EBIT 1 6,536 6,501 9,042 9,023 11,301 16,963 23,104 28,787
Net income 1 5,883 5,624 7,839 7,572 9,393 14,722 19,425 24,197
Net Debt 1 -3,515 -3,862 -2,379 -9,064 -10,613 -13,952 -21,525 -32,704
Reference price 2 706.70 503.80 681.70 678.70 921.40 1,435.40 1,435.40 1,435.40
Nbr of stocks (in thousands) 406,474 398,937 394,590 393,028 386,196 384,052 - -
Announcement Date 1/19/22 1/25/23 1/24/24 1/29/25 1/28/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
38.33x12.7x28.88x0.62% 648B
32.07x10.67x26.44x0.38% 377B
33.25x7.44x23.03x1.47% 161B
31.38x3.41x15.74x1.66% 80.99B
49.53x6.61x23.07x0.3% 20.67B
39.14x12.56x26.07x0.96% 18.87B
21.81x3.18x13.65x1.4% 16.1B
44.81x8.18x24.34x - 13.11B
Average 36.29x 8.09x 22.65x 0.97% 166.9B
Weighted average by Cap. 35.58x 10.67x 26.33x 0.73%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. ASML Stock
  4. ASME Stock
  5. Valuation ASML Holding N.V.