ASML Holding NV (WBO:ASML) Cyclically Adjusted Revenue per Share: €52.26 (As of Mar. 2026)


WBO:ASML ASML Holding NV WBO:ASML
92 GF Score
Price €1,638.20
GF Value €972.58
Valuation Significantly Overvalued
! 4 Warning Signs
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What is ASML Holding NV Cyclically Adjusted Revenue per Share?

ASML Holding NV WBO:ASML +4.28% 92 Cyclically Adjusted Revenue per Share is €52.26 as of Mar. 2026. GuruFocus rates WBO:ASML with a GF Score™ of 92/100 and a GF Value™ of €972.58 (Significantly Overvalued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

ASML Holding NV's adjusted revenue per share for the three months ended in Mar. 2026 was €22.730. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €52.26 for the trailing ten years ended in Mar. 2026.

During the past 12 months, ASML Holding NV's average Cyclically Adjusted Revenue Growth Rate was 16.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 18.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 20.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 16.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of ASML Holding NV was 21.50% per year. The lowest was 5.10% per year. And the median was 9.40% per year.

As of today (2026-07-04), ASML Holding NV's current stock price is €1638.20. ASML Holding NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €52.26. ASML Holding NV's Cyclically Adjusted PS Ratio of today is 31.35.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ASML Holding NV was 34.15. The lowest was 6.95. And the median was 16.31.


ASML Holding NV  (WBO:ASML) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

ASML Holding NV's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1638.20/52.26
=31.35

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of ASML Holding NV was 34.15. The lowest was 6.95. And the median was 16.31.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


ASML Holding NV Cyclically Adjusted Revenue per Share Related Terms


ASML Holding NV Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for ASML Holding NV's Cyclically Adjusted Revenue per Share 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.

ASML Holding NV Cyclically Adjusted Revenue per Share Chart

ASML Holding NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.34 30.89 36.45 43.34 50.63

ASML Holding NV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.46 46.94 48.76 50.63 52.26

WBO:ASML vs AMAT, LRCX, KLAC: Cyclically Adjusted Revenue per Share Comparison

For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, ASML Holding NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ASML Holding NV's Cyclically Adjusted PS Ratio falls into.


WBO:ASML
92GF Score
ASML Holding NV WBO:ASML
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASML Holding NV Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, ASML Holding NV's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=22.73/135.2700*135.2700
=22.730

Current CPI (Mar. 2026) = 135.2700.

ASML Holding NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.079 100.260 5.503
201609 4.262 100.570 5.733
201612 4.444 100.710 5.969
201703 4.496 101.440 5.995
201706 4.860 101.370 6.485
201709 5.665 102.030 7.511
201712 5.744 101.970 7.620
201803 5.328 102.470 7.033
201806 6.409 103.100 8.409
201809 6.518 103.950 8.482
201812 7.419 103.970 9.652
201903 5.276 105.370 6.773
201906 6.088 105.840 7.781
201909 7.082 106.700 8.978
201912 9.585 106.800 12.140
202003 5.815 106.850 7.362
202006 7.937 107.510 9.986
202009 9.442 107.880 11.839
202012 10.168 107.850 12.753
202103 10.495 108.870 13.040
202106 9.758 109.670 12.036
202109 12.827 110.790 15.661
202112 12.310 114.010 14.606
202203 8.803 119.460 9.968
202206 13.624 119.050 15.480
202209 14.570 126.890 15.532
202212 16.391 124.940 17.746
202303 17.088 124.720 18.533
202306 17.519 125.830 18.833
202309 16.949 127.160 18.030
202312 18.349 126.450 19.629
202403 13.437 128.580 14.136
202406 15.865 129.910 16.520
202409 18.972 131.610 19.500
202412 23.534 131.630 24.185
202503 19.724 133.330 20.011
202506 19.809 133.960 20.003
202509 19.391 135.920 19.298
202512 25.111 135.270 25.111
202603 22.730 135.270 22.730

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €52.26 mean?
ASML Holding NV (WBO:ASML) has a Cyclically Adjusted Revenue per Share of €52.26 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on ASML Holding NV and its competitors.
Is ASML Holding NV's Cyclically Adjusted Revenue per Share too high?
ASML Holding NV's current Cyclically Adjusted Revenue per Share is €52.26. Overall, ASML Holding NV has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASML Holding NV's Cyclically Adjusted Revenue per Share compare to AMAT and LRCX?
ASML Holding NV's Cyclically Adjusted Revenue per Share of €52.26 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Semiconductors company?
A good Cyclically Adjusted Revenue per Share depends on the Semiconductors industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on ASML Holding NV and its competitors. ASML Holding NV's current Cyclically Adjusted Revenue per Share is €52.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASML Holding NV stock overvalued right now?
Based on GuruFocus' analysis, ASML Holding NV (WBO:ASML) is currently considered Significantly Overvalued. The stock's GF Value™ is €972.58, compared to a current price of €1,638.20 — trading 68.4% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €52.26. ASML Holding NV's overall GF Score™ is 92/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For ASML Holding NV (WBO:ASML), the current Cyclically Adjusted Revenue per Share is €52.26 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ASML Holding NV (WBO:ASML) Overvalued in 2026?

Based on GuruFocus' analysis, ASML Holding NV stock appears to be overvalued. The current stock price of €1,638.20 is trading 68.4% above its estimated GF Value™ of €972.58. GuruFocus considers ASML Holding NV to be Significantly Overvalued.

Key valuation signals for WBO:ASML:

  • Cyclically Adjusted Revenue per Share: €52.26
  • GF Value™: €972.58 vs. price of €1,638.20 (68.4% above fair value)
  • GF Score™: 92/100 with 4 warning signs

No single metric tells the full story. See the WBO:ASML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASML Holding NV Business Description

Address De Run 6501, Veldhoven, NB, NLD, 5504 DR
ASML is the leader in lithography systems for manufacturing semiconductors with 90% market share. Lithography is the process in which a light source is used to expose circuit patterns from a photo mask onto a semiconductor wafer. Lithography allows chipmakers to 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 largest clients are TSMC, Samsung, Intel, SK Hynix, and Micron.
92GF Score

Get the complete analysis for WBO:ASML

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1,638.20
Price
€972.58
GF Value