ASML Holding NVXSWX:ASML 80 Earnings Yield (Joel Greenblatt) % is 2.90% as of Mar. 2026, which is 7% below its 10-year median of 3.13. GuruFocus rates XSWX:ASML with a GF Score™ of 80/100 and a GF Value™ of CHF903.68 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,023 Semiconductors companies, ASML Holding NV ranks better than 61.68% on this metric.
ASML Holding NV's Enterprise Value for the quarter that ended in Mar. 2026 was CHF387,965 Mil.
ASML Holding NV's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was CHF11,453 Mil. ASML Holding NV's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 2.90%.
The historical rank and industry rank for ASML Holding NV's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XSWX:ASML'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.82 Med: 3.13 Max: 5.33
Current: 1.98
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of ASML Holding NV was 5.33%. The lowest was 1.82%. And the median was 3.13%.
XSWX:ASML's Earnings Yield (Joel Greenblatt) % is ranked better than 61.68% of 1023
companies
in the Semiconductors industry
Industry Median: 1.05
vs XSWX:ASML: 1.98
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. ASML Holding NV's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 21.74%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
ASML Holding NV Earnings Yield (Joel Greenblatt) % Related Terms
ASML Holding NV Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for ASML Holding NV's Earnings Yield (Joel Greenblatt) % 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.
For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ASML Holding NV's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ASML Holding NV's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
ASML Holding NVs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
ASML Holding NV's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF11,453 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 2.90% mean?
ASML Holding NV (XSWX:ASML) has a Earnings Yield (Joel Greenblatt) % of 2.90% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on ASML Holding NV and its competitors. This is near median its historical median of 3.13. Over the past decade, ASML Holding NV's Earnings Yield (Joel Greenblatt) % has ranged from 1.82 to 5.33. According to the industry distribution chart, ASML Holding NV ranks #392 out of 1023 companies in the Semiconductors industry, placing it in the top 38.3%.
Is ASML Holding NV's Earnings Yield (Joel Greenblatt) % too high?
ASML Holding NV's current Earnings Yield (Joel Greenblatt) % of 2.90% is near median its 10-year median of 3.13. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 5.33. The Semiconductors industry median Earnings Yield (Joel Greenblatt) % is 1.05. ASML Holding NV's value of 2.90% is 176.2% above this industry median. Based on the distribution chart, ASML Holding NV ranks #392 out of 1023 companies in the Semiconductors industry, which is above the industry midpoint. Overall, ASML Holding NV has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASML Holding NV's Earnings Yield (Joel Greenblatt) % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, ASML Holding NV ranks #392 out of 1023 companies for Earnings Yield (Joel Greenblatt) %. This puts ASML Holding NV in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 1.05. ASML Holding NV's value of 2.90% is 176.2% above this benchmark. Historically, ASML Holding NV's own Earnings Yield (Joel Greenblatt) % has ranged from 1.82 to 5.33 over the past decade. While the company's 10-year median is 3.13 vs. the industry median of 1.05, ASML Holding NV has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Semiconductors company?
The median Earnings Yield (Joel Greenblatt) % among Semiconductors companies is 1.05, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASML Holding NV's current Earnings Yield (Joel Greenblatt) % of 2.90% is 176.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on ASML Holding NV and its competitors. For the Semiconductors industry, the median Earnings Yield (Joel Greenblatt) % is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASML Holding NV's current Earnings Yield (Joel Greenblatt) % is 2.90%, which is near median its own 10-year median of 3.13. 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 (XSWX:ASML) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF903.68, compared to a current price of CHF1,514.00 — trading 67.5% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 2.90%, which is near median its 10-year median of 3.13 and 176.2% above the Semiconductors industry median of 1.05. ASML Holding NV's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For ASML Holding NV (XSWX:ASML), the current Earnings Yield (Joel Greenblatt) % is 2.90% 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 (XSWX:ASML) Overvalued in 2026?
Based on GuruFocus' analysis, ASML Holding NV stock appears to be overvalued.
The current stock price of CHF1,514.00 is trading 67.5% above its estimated GF Value™ of CHF903.68.
GuruFocus considers ASML Holding NV to be Significantly Overvalued.
Key valuation signals for XSWX:ASML:
Earnings Yield (Joel Greenblatt) %: 2.90% (near median its 10-year median of 3.13)
GF Value™: CHF903.68 vs. price of CHF1,514.00 (67.5% above fair value)
Industry Position: 176.2% above the Semiconductors median (#392 of 1023)
No single metric tells the full story. See the XSWX:ASML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
80GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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