Stocktoria

ASML Holding N.V. ASML.AS

NL · Euronext Amsterdam · XAMS · stock · Technology · website

ASML Holding N.V. statistics & valuation

Market cap€584.8B
P / E60.9×
P / S17.9×
P / B29.8×
P / FCF53.0×
Net margin29.4%
FCF margin33.8%
Net cash€8.5B
Enterprise value USD$656.3B
Earnings yield EBIT/EV2%
Return on capital43%
Graham number -88.9%€168.49

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€168.49); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
26.60% 28.40% 26.80% 29.40% 2022202320242025
Gross margin (%)
50.50% 51.30% 51.30% 52.80% 2022202320242025
Operating margin (%)
30.70% 32.80% 31.90% 34.60% 2022202320242025
Return on equity (%)
63.80% 58.30% 41.00% 49.00% 2022202320242025
Shares outstanding
384.1M 384.1M 384.1M 384.1M 2022202320242025
Net debt (€)
-€3.01B -€2.37B -€8.05B -€8.53B 2022202320242025
Share buybacks (€)
€4.64B €1.00B €500.0M €5.95B 2022202320242025
Return on assets (%)
15.50% 19.60% 15.60% 19.00% 2022202320242025
Free cash flow margin (%)
33.90% 11.80% 32.10% 33.80% 2022202320242025
Debt / equity (×)
0.48× 0.34× 0.25× 0.22× 2022202320242025
EPS (€)
€16.07 €20.59 €19.24 €24.71 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ASML Holding N.V. trades at about 61.6× earnings — above its 10-year norm (10-year range 37.5×–49.2×, median 38.8×).

37.5× 61.6×

Shaded band = 10-year range (37.5×–49.2×); dot = today's 61.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin52.8%51.3%51.3%50.5%
Operating margin34.6%31.9%32.8%30.7%
Net margin29.4%26.8%28.4%26.6%
FCF margin33.8%32.1%11.8%33.9%
Return on assets19.0%15.6%19.6%15.5%
Return on equity49.0%41.0%58.3%63.8%
Debt / equity0.14×0.20×0.34×0.40×
Current ratio1.261.531.501.28

Computed from company filings · NL · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.