ASML Holding NVXTER:ASME -6.01%91 Piotroski F-Score is 7 as of Jun. 24, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates XTER:ASME with a GF Score™ of 91/100 and a GF Value™ of €966.93 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 989 Semiconductors companies, ASML Holding NV ranks better than 93.23% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
ASML Holding NV has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for ASML Holding NV's Piotroski F-Score or its related term are showing as below:
XTER:ASME'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of ASML Holding NV was 9. The lowest was 4. And the median was 6.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
ASML Holding NV Piotroski F-Score Related Terms
ASML Holding NV Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for ASML Holding NV's Piotroski F-Score 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.
XTER:ASME vs LRCX, AMAT, KLAC: Piotroski F-Score Comparison
For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ASML Holding NV's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where ASML Holding NV's Piotroski F-Score falls into.
* 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
ASML Holding NV's current Net Income (TTM) was 10,397.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
ASML Holding NV's return on assets of this year was 0.22861201. ASML Holding NV's return on assets of last year was 0.22290524.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
ASML Holding NV's gearing of this year was 0.0577991. ASML Holding NV's gearing of last year was 0.08535925.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
ASML Holding NV's current ratio of this year was 1.35961159. ASML Holding NV's current ratio of last year was 1.51867975.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
ASML Holding NV's number of shares in issue this year was 385.7. ASML Holding NV's number of shares in issue last year was 392.5.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
ASML Holding NV's gross margin of this year was 0.52348432. ASML Holding NV's gross margin of last year was 0.5201176.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
ASML Holding NV's asset turnover of this year was 0.74084409. ASML Holding NV's asset turnover of last year was 0.78668941.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
ASML Holding NV has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
ASML Holding NV (XTER:ASME) has a Piotroski F-Score of 7 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ASML Holding NV and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, ASML Holding NV's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, ASML Holding NV ranks #67 out of 989 companies in the Semiconductors industry, placing it in the top 6.8%.
Is ASML Holding NV's Piotroski F-Score too high?
ASML Holding NV's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Semiconductors industry median Piotroski F-Score is 5.00. ASML Holding NV's value of 7 is 40% above this industry median. Based on the distribution chart, ASML Holding NV ranks #67 out of 989 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, ASML Holding NV has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASML Holding NV's Piotroski F-Score compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, ASML Holding NV ranks #67 out of 989 companies for Piotroski F-Score. This places ASML Holding NV in the top 7% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. ASML Holding NV's value of 7 is 40% above this benchmark. Historically, ASML Holding NV's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, 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 Piotroski F-Score for a Semiconductors company?
The median Piotroski F-Score among Semiconductors companies is 5.00, based on 989 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASML Holding NV's current Piotroski F-Score of 7 is 40% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on ASML Holding NV and its competitors. For the Semiconductors industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASML Holding NV's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. 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 (XTER:ASME) is currently considered Significantly Overvalued. The stock's GF Value™ is €966.93, compared to a current price of €1,565.20 — trading 61.9% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Semiconductors industry median of 5.00. ASML Holding NV's overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For ASML Holding NV (XTER:ASME), the current Piotroski F-Score is 7 as of Jun. 24, 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 (XTER:ASME) Overvalued in 2026?
Based on GuruFocus' analysis, ASML Holding NV stock appears to be overvalued.
The current stock price of €1,565.20 is trading 61.9% above its estimated GF Value™ of €966.93.
GuruFocus considers ASML Holding NV to be Significantly Overvalued.
Key valuation signals for XTER:ASME:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: €966.93 vs. price of €1,565.20 (61.9% above fair value)
Industry Position: 40% above the Semiconductors median (#67 of 989)
No single metric tells the full story. See the XTER:ASME 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.
91GF Score
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