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 1 287,256 200,985 268,992 266,748 355,841 572,083 - -
Change - -30.03% 33.84% -0.83% 33.4% 60.77% - -
Enterprise Value (EV) 1 283,740 197,123 266,613 257,684 345,228 557,774 548,201 533,735
Change - -30.53% 35.25% -3.35% 33.97% 61.57% -1.72% -2.64%
P/E 49.3x 35.7x 34.3x 35.3x 37.3x 35.9x 26.3x 19.7x
PBR 28.6x 22.7x 20x 14.5x 18.2x 22.7x 16.2x 11.4x
PEG - -24.38x 0.8x -10.8x 1.3x 0.5x 0.7x 0.6x
Capitalization / Revenue 15.4x 9.49x 9.76x 9.44x 10.9x 12.9x 10x 8.09x
EV / Revenue 15.2x 9.31x 9.67x 9.12x 10.6x 12.5x 9.58x 7.54x
EV / EBITDA 40.5x 27.8x 27.3x 25.9x 28x 28.6x 20.6x 15.5x
EV / EBIT 43.4x 30.3x 29.5x 28.6x 30.5x 30.4x 21.8x 16.2x
EV / FCF 28.5x 27.4x 81.1x 28.3x 31.1x 35.4x 27.9x 21.5x
FCF Yield 3.51% 3.66% 1.23% 3.53% 3.21% 2.82% 3.58% 4.66%
Dividend per Share 2 5.5 5.8 6.1 6.4 7.5 9.319 12.1 15.05
Rate of return 0.78% 1.15% 0.89% 0.94% 0.81% 0.63% 0.81% 1.01%
EPS 2 14.34 14.13 19.89 19.24 24.71 41.51 56.55 75.7
Distribution rate 38.4% 41% 30.7% 33.3% 30.4% 22.4% 21.4% 19.9%
Net sales 1 18,611 21,173 27,558 28,263 32,667 44,458 57,215 70,747
EBITDA 1 7,007 7,084 9,782 9,941 12,327 19,510 26,670 34,503
EBIT 1 6,536 6,501 9,042 9,023 11,301 18,364 25,104 32,860
Net income 1 5,883 5,624 7,839 7,572 9,393 15,849 21,228 27,409
Net Debt 1 -3,515 -3,862 -2,379 -9,064 -10,613 -14,309 -23,883 -38,348
Reference price 2 706.70 503.80 681.70 678.70 921.40 1,489.60 1,489.60 1,489.60
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.($)
35.89x12.55x28.59x0.63% 638B
31.56x9.56x27.73x0.47% 330B
26.52x8.77x21.1x0.5% 317B
29.51x11.57x23.94x0.6% 207B
34.56x13.23x24.35x0.34% 159B
28.43x6.41x19.54x1.71% 141B
36.18x3.97x18.01x1.45% 94.19B
49.56x7.36x39.16x0.18% 55.69B
34.16x9.29x25.57x0.17% 48.97B
Average 34.04x 9.19x 25.33x 0.67% 221.24B
Weighted average by Cap. 32.74x 10.34x 25.51x 0.65%

Y-o-Y evolution of P/E

Valuation ratios - P/E - ASML Holding N.V.

Historical PBR trend

Valuation ratios - PBR - ASML Holding N.V.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - ASML Holding N.V.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - ASML Holding N.V.


Year-on-year evolution of the Yield

Valuation ratios - Yield - ASML Holding N.V.