Debt is smaller than equity and it can meet short-term obligations.
Metrics · D/E ~13% · Current Ratio 1.36
💲Is the price expensive now?
On the expensive side
Even accounting for growth expectations, the price is set high.
Metrics · P/E 59.8 · P/B 30.0
💡The world's only EUV toolmaker, with strong profitability (35% op margin, 54% ROE) and near-zero debt. At 60x P/E and 30x P/B, valuation is a steep premium.
Compiled from public financial data. Not a recommendation to buy or sell any security. · Source: TradingView (margins, debt, liquidity, P/B are TTM), as of 2026-06-28
Business Summary · Key Value Metrics
The Dutch leader in semiconductor equipment and the world's only supplier of EUV (extreme ultraviolet) lithography systems, essential for volume production of advanced chips at 7nm and below. TSMC, Samsung, and Intel are key customers. TTM revenue $39.1B (USD ADR basis), 34.8% operating margin, 54.1% ROE.
ASML is the sole supplier of EUV (extreme ultraviolet) lithography systems, essential for volume production of advanced chips at 7nm and below. A single EUV system costs roughly $150M-200M, and the next-generation High-NA EUV about $350M+; a global supply chain of some 5,000 components and decades of R&D form the barrier to entry. TSMC, Samsung, and Intel are key customers, and ASML has also locked up the next-generation High-NA EUV (source: company IR · industry data).
Technology monopoly
The world's only EUV lithography supplier; essential for volume production at 7nm and below.
Switching costs
Decades-deep equipment and service ecosystem lock-in with TSMC, Samsung, and Intel.
Barriers to entry
A ~5,000-component supply chain and decades of concentrated R&D make it hard for rivals to catch up.
Next-gen head start
Securing a monopoly on the next lithography generation with High-NA EUV.
10-Year Financial Trends
Revenue grew at a 9-year CAGR of +19.4% in USD terms (FY2016 $7.5B → FY2025 $37.0B), driven by AI infrastructure spending and wider EUV adoption. GAAP operating income reached a record $12.8B in FY2025 (34.6% margin), and diluted EPS rose from $3.81 to $27.96. The order backlog and the High-NA ramp underpin visibility into future growth (source: macrotrends · stockanalysis · company IR).
9-Year CAGR: Revenue +19.4% · Operating Income +24.1% · Net Income +23.5% · EPS +24.8%
Sources: macrotrends · stockanalysis · company IR. ASML reports in EUR, but these charts are on a USD ADR basis (consistent with TradingView TTM). EPS is diluted GAAP; P/E = fiscal year-end ADR price ÷ diluted EPS. P/E and ROE cover the last 5 years, while revenue, operating income, operating margin, and EPS cover 10 years. Because of the USD conversion, margins differ slightly from EUR-reported figures in FX-swing years (2022 and 2024).
Mega-Cap Value Metric Comparison
Among the big four in semiconductor equipment (ASML, AMAT, LRCX, KLAC), ASML is the only one with a monopoly on EUV lithography. Its TTM operating margin of 34.8% is below KLAC (41.8%) and roughly in line with AMAT (30.1%) and LRCX (34.3%), while its TTM P/E of 59.8 sits within the 50-70x premium all four peers command (P/E, ROE, margin, and growth all TTM · sources: TradingView · company IR).
Metric
★ ASML
AMAT
LRCX
KLAC
P/E (TTM)
59.8
58.9
71.6
70.3
ROE
54.1%
39.7%
66.8%
95.0%
Operating Margin
34.8%
30.1%
34.3%
41.8%
Revenue YoY Growth
+18.6%
+3.4%
+26.5%
+13.4%
P/E, ROE, and operating margin = TTM; revenue growth = TTM YoY · sources: TradingView · company IR, as of 2026-06-28.
Key Risk Factors (from 10-K)
●
China export controls— Dutch and U.S. restrictions on EUV and some DUV exports to China; further blocking China (about 10-15% of revenue) would weigh on near-term growth.Source: Company 10-K · regulators
●
Semiconductor cycle— Equipment orders swing with the memory and logic investment cycle; a downturn can delay orders.Source: Company IR
●
Customer concentration— Revenue is concentrated among a few leading-edge foundries — TSMC, Samsung, and Intel — so changes to their CapEx plans hit directly.Source: Company 10-K
●
Valuation risk— At a TTM P/E of ~60x and P/B of 30x, growth is priced in; a slowdown risks a multiple de-rating.Source: TradingView
✦ ValueCrab Dashboard PreviewASML $1,794.62 -2.53% · as of 2026-06-28
Q. What are ASML's key value-investing metrics?P/E (TTM) 59.8, operating margin 34.8%, net margin 29.7%, ROE 54.1%, TTM revenue +18.6%, and 9-year revenue CAGR +19.4% (sources: TradingView · macrotrends · company IR, as of 2026-06-28).
Q. What does ASML make?It makes the lithography systems that etch circuits onto advanced chips. In particular, ASML is the world's only supplier of the EUV (extreme ultraviolet) tools essential for cutting-edge processes at 7nm and below, giving it control over a 'bottleneck' in producing AI and smartphone chips.
Q. What is the analyst price-target consensus for ASML?The average target across 42 analysts is $1,934.55. This is an external consensus, not our own estimate, implying about +7.8% upside from the current $1,794.62. Source: TradingView, 2026-06.
Q. Isn't a 60x P/E too expensive?It is a high multiple in absolute terms, reflecting the EUV monopoly and expectations of strong growth. It is also a sector-wide premium — all four semiconductor-equipment peers trade in the 50-70x range. We do not offer a definitive buy or sell view.