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ASML Holding NV (ASML Holding NV) Cyclically Adjusted PB Ratio : 29.00 (As of Apr. 27, 2024)


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What is ASML Holding NV Cyclically Adjusted PB Ratio?

As of today (2024-04-27), ASML Holding NV's current share price is $918.97. ASML Holding NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $31.69. ASML Holding NV's Cyclically Adjusted PB Ratio for today is 29.00.

The historical rank and industry rank for ASML Holding NV's Cyclically Adjusted PB Ratio or its related term are showing as below:

ASML' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.69   Med: 10.9   Max: 32.28
Current: 29.48

During the past years, ASML Holding NV's highest Cyclically Adjusted PB Ratio was 32.28. The lowest was 6.69. And the median was 10.90.

ASML's Cyclically Adjusted PB Ratio is ranked worse than
98.05% of 668 companies
in the Semiconductors industry
Industry Median: 2.38 vs ASML: 29.48

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

ASML Holding NV's adjusted book value per share data for the three months ended in Mar. 2024 was $37.998. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $31.69 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASML Holding NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ASML Holding NV's Cyclically Adjusted PB 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 Cyclically Adjusted PB Ratio Chart

ASML Holding NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.91 18.47 28.81 18.45 23.70

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
Cyclically Adjusted PB Ratio 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 22.69 23.67 19.56 23.70 30.63

Competitive Comparison of ASML Holding NV's Cyclically Adjusted PB Ratio

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

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

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



ASML Holding NV Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

ASML Holding NV's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=918.97/31.69
=29.00

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, ASML Holding NV's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=37.998/126.4000*126.4000
=37.998

Current CPI (Mar. 2024) = 126.4000.

ASML Holding NV Quarterly Data

Book Value per Share CPI Adj_Book
201406 22.004 99.240 28.026
201409 21.801 99.960 27.567
201412 21.397 99.050 27.305
201503 20.297 99.750 25.720
201506 20.752 100.230 26.170
201509 21.359 100.500 26.863
201512 21.351 99.730 27.061
201603 21.605 100.310 27.224
201606 21.603 100.260 27.235
201609 22.542 100.570 28.332
201612 24.094 100.710 30.240
201703 25.468 101.440 31.735
201706 26.183 101.370 32.648
201709 28.644 102.030 35.486
201712 29.839 101.970 36.988
201803 31.976 102.470 39.443
201806 29.726 103.100 36.444
201809 30.602 103.950 37.211
201812 31.450 103.970 38.235
201903 31.764 105.370 38.104
201906 30.977 105.840 36.994
201909 31.567 106.700 37.395
201912 33.328 106.800 39.444
202003 33.096 106.850 39.151
202006 34.183 107.510 40.189
202009 38.586 107.880 45.210
202012 40.498 107.850 47.464
202103 39.251 108.870 45.571
202106 35.557 109.670 40.981
202109 32.740 110.790 37.353
202112 28.461 114.010 31.554
202203 24.293 119.460 25.704
202206 20.355 119.050 21.612
202209 19.538 126.890 19.463
202212 23.654 124.940 23.930
202303 26.554 124.720 26.912
202306 29.206 125.830 29.338
202309 32.442 127.160 32.248
202312 37.288 126.400 37.288
202403 37.998 126.400 37.998

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


ASML Holding NV  (NAS:ASML) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


ASML Holding NV Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of ASML Holding NV's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


ASML Holding NV (ASML Holding NV) Business Description

Industry
Address
De Run 6501, Veldhoven, NB, NLD, 5504 DR
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.