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ASML (ASML Holding NV) PE Ratio
The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2024-04-19), ASML Holding NV's share price is
$888.1001.
ASML Holding NV's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 was $21.50. Therefore, ASML Holding NV's PE Ratio for today is 41.30.
The historical rank and industry rank for ASML Holding NV's PE Ratio or its related term are showing as below:
ASML'
s PE Ratio Range Over the Past 10 Years
Min: 21.26 Med: 33.31 Max: 64.41
Current: 42.29
During the past 13 years, the highest PE Ratio of ASML Holding NV was 64.41. The lowest was 21.26. And the median was 33.31.
ASML's PE Ratio is ranked worse than 60.28% of 632
companies
in the Semiconductors industry
Industry Median: 31.79
vs ASML: 42.29
As of today (2024-04-19), ASML Holding NV's share price is $888.1001.
ASML Holding NV's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2024 was $21.50. Therefore, ASML Holding NV's PE Ratio without NRI for today is 41.30.
During the past 13 years, ASML Holding NV's highestPE Ratio without NRI was 64.41. The lowest was 21.26. And the median was 33.31.
ASML Holding NV's EPS without NRI for the
three
months ended in Mar. 2024 was $5.36.
Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2024 was $21.50.
During the past 12 months, ASML Holding NV's average EPS without NRIGrowth Rate was 14.30% per year.
During the past 3 years, the average EPS without NRIGrowth Rate was 32.90% per year.
During the past 5 years, the average EPS without NRIGrowth Rate was 29.00% per year.
During the past 10 years, the average EPS without NRIGrowth Rate was 24.00% per year.
During the past 13 years, ASML Holding NV's highest 3-Year average EPS without NRI Growth Rate was 52.70% per year. The lowest was -14.60% per year. And the median was 17.50% per year.
ASML Holding NV's EPS (Basic) for the
three
months ended in Mar. 2024 was $5.36.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2024 was $21.52.
ASML Holding NV PE Ratio Historical Data
The historical data trend for ASML Holding NV's PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
ASML Holding NV Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
PE Ratio
42.88
46.88
49.28
35.65
34.24
ASML Holding NV Quarterly Data
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Mar24
PE Ratio
35.97
35.32
28.98
34.24
44.90
Competitive Comparison
For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's PE Ratio, along with its competitors' market caps and PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ASML Holding NV PE Ratio Distribution
For the Semiconductors industry and Technology sector, ASML Holding NV's PE Ratio distribution charts can be found below:
* The bar in red indicates where ASML Holding NV's PE Ratio falls into.
ASML Holding NV PE Ratio Calculation
The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.
ASML Holding NV's PE Ratio for today is calculated as
ASML Holding NV's Share Price of today is $888.1001.
ASML Holding NV's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $21.50.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
ASML Holding NV (NAS:ASML) PE Ratio Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .
PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.
ASML Holding NV PE Ratio Related Terms
Thank you for viewing the detailed overview of ASML Holding NV's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
ASML Holding NV (ASML Holding NV) Business Description
ASML is the leader in photolithography systems used in the manufacturing of semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photo mask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML's main clients are TSMC, Samsung, and Intel.
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