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ASML Holding NV's Free Cash Flow per Share for the
three
months ended in Jun. 2026 was CHF0.00.
Its Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2026 was CHF27.74.
During the past 12 months, the average Free Cash Flow per Share Growth Rate of ASML Holding NV was 23.40% per year.
During the past 3 years, the average Free Cash Flow per Share Growth Rate was 16.30% per year.
During the past 5 years, the average Free Cash Flow per Share Growth Rate was 15.40% per year.
During the past 10 years, the average Free Cash Flow per Share Growth Rate was 24.80% 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 FCF Growth Rate using Free Cash Flow per Share data.
The historical rank and industry rank for ASML Holding NV's Free Cash Flow per Share or its related term are showing as below:
XSWX:ASML'
s 3-Year FCF Growth Rate Range Over the Past 10 Years
Min: -66.8 Med: 16.3 Max: 303
Current: 16.3
During the past 13 years, ASML Holding NV's highest 3-Year average Free Cash Flow per Share Growth Rate was 303.00% per year. The lowest was -66.80% per year. And the median was 16.30% per year.
XSWX:ASML's 3-Year FCF Growth Rate is ranked better than 64.45% of 633
companies
in the Semiconductors industry
Industry Median: 3.2
vs XSWX:ASML: 16.30
ASML Holding NV (XSWX:ASML) Free Cash Flow per Share Explanation
Free Cash Flow is very close to Warren Buffett's definition of Owner's Earnings, except that in Warren Buffett's Owner's Earnings, the spending for Property, Plant, and Equipment is only for maintenance (replacement), while in the Free Cash Flow calculation, the cost of new Property, Plant, and Equipment due to business expansion is also deducted. There, Free Cash Flow is more conservative than Owner's Earnings.
In Don Yacktman's calculation of forward rate of return, he uses Free Cash Flow for the calculation. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation.
This is what Yacktman said in his March 2012 interview - when the S&P 500 was at 1400:
If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.
The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).
For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over five years. The reason we use five years is because research shows that five years is the length of the typical business cycle.
* 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.
Be Aware
Free Cash Flow within a report period can be affected by management's decisions of capital spending. Therefore, it is important to look at long term when it comes to Free Cash Flow.
ASML Holding NV Free Cash Flow per Share Related Terms
ASML Holding NV Free Cash Flow per Share Historical Data
* Premium members only.
The historical data trend for ASML Holding NV's Free Cash Flow 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.
XSWX:ASML vs AMAT, LRCX, KLAC: Free Cash Flow per Share Comparison
For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's Price-to-Free-Cash-Flow, along with its competitors' market caps and Price-to-Free-Cash-Flow 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 Price-to-Free-Cash-Flow vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ASML Holding NV's Price-to-Free-Cash-Flow distribution charts can be found below:
* The bar in red indicates where ASML Holding NV's Price-to-Free-Cash-Flow falls into.
ASML Holding NV Free Cash Flow per Share Calculation
Free Cashflow per Share is the amount of Free Cashflow per outstanding share of the company's stock.
Free Cash Flow is considered one of the most important parameters to measure a company's earnings power by value investors because it is not subject to estimates of Depreciation, Depletion and Amortization (DDA). However, when we look at the Free Cash Flow, we should look from a long term perspective, because any year's Free Cash Flow can be drastically affected by the spending on Property, Plant, & Equipment (PPE) of the business in that year. Over the long term, Free Cash Flow should give pretty good picture on the real earnings power of the company.
Note: GuruFocus does not calculate Free Cash Flow Per Share when Capital Expenditure is 0.
ASML Holding NV's Free Cash Flow Per Share for the fiscal year that ended in Dec. 2025 is calculated as
Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF27.74
* 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.
What does a Free Cash Flow per Share of CHF27.74 mean?
ASML Holding NV (XSWX:ASML) has a Free Cash Flow per Share of CHF27.74 as of Jun. 2026. Free cash flow per share represents the pre-share value of cash following operating and capital expenditures. View historical data on ASML Holding NV and its competitors. According to the industry distribution chart, ASML Holding NV ranks #225 out of 633 companies in the Semiconductors industry, placing it in the top 35.5%.
Is ASML Holding NV's Free Cash Flow per Share too high?
ASML Holding NV's current Free Cash Flow per Share is CHF27.74. Based on the distribution chart, ASML Holding NV ranks #225 out of 633 companies in the Semiconductors industry, which is above the industry midpoint. Overall, ASML Holding NV has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASML Holding NV's Free Cash Flow per Share compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, ASML Holding NV ranks #225 out of 633 companies for Free Cash Flow per Share. This puts ASML Holding NV in the upper half of its industry. The industry median Free Cash Flow per Share is 3.20. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Free Cash Flow per Share for a Semiconductors company?
The median Free Cash Flow per Share among Semiconductors companies is 3.20, based on 633 companies in the industry. Companies in the top quartile (top 25%) have a Free Cash Flow per Share significantly above this median, while those in the bottom quartile fall well below. However, Free Cash Flow 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 Free Cash Flow per Share mean?
A high Free Cash Flow per Share can signal that a stock is expensive relative to its fundamentals. Free cash flow per share represents the pre-share value of cash following operating and capital expenditures. View historical data on ASML Holding NV and its competitors. For the Semiconductors industry, the median Free Cash Flow per Share is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASML Holding NV's current Free Cash Flow per Share is CHF27.74. 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 CHF974.47, compared to a current price of CHF1,486.40 — trading 52.5% above its estimated fair value. The current Free Cash Flow per Share is CHF27.74. ASML Holding NV's overall GF Score™ is 90/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Free Cash Flow per Share calculated?
Free Cash Flow per Share is calculated from a company's financial statements. For ASML Holding NV (XSWX:ASML), the current Free Cash Flow per Share is CHF27.74 as of Jun. 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 CHF1,486.40 is trading 52.5% above its estimated GF Value™ of CHF974.47.
GuruFocus considers ASML Holding NV to be Significantly Overvalued.
Key valuation signals for XSWX:ASML:
Free Cash Flow per Share: CHF27.74
GF Value™: CHF974.47 vs. price of CHF1,486.40 (52.5% above fair value)
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.
90GF Score
Get the complete analysis for XSWX:ASML
Free Cash Flow per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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