ASML Holding NVASMLF -2.19%91 Gross Margin % is 52.98% as of Mar. 2026, which is 7% above its 10-year median of 49.59. GuruFocus rates ASMLF with a GF Score™ of 91/100 and a GF Value™ of $1,103.19 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,011 Semiconductors companies, ASML Holding NV ranks better than 85.36% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
ASML Holding NV had a gross margin of 52.98% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
ASML Holding NV Gross Margin % Related Terms
ASML Holding NV Gross Margin % Historical Data
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The historical data trend for ASML Holding NV's Gross Margin % 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.
ASMLF vs LRCX, AMAT, KLAC: Gross Margin % Comparison
For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ASML Holding NV's Gross Margin % distribution charts can be found below:
* The bar in red indicates where ASML Holding NV's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
ASML Holding NV (ASMLF) has a Gross Margin % of 52.98% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on ASML Holding NV and its competitors. This is near median its historical median of 49.59. Over the past decade, ASML Holding NV's Gross Margin % has ranged from 44.67 to 52.83. According to the industry distribution chart, ASML Holding NV ranks #148 out of 1011 companies in the Semiconductors industry, placing it in the top 14.6%.
Is ASML Holding NV's Gross Margin % too high?
ASML Holding NV's current Gross Margin % of 52.98% is near median its 10-year median of 49.59. Over the past 10 years, this metric has ranged from a low of 44.67 to a high of 52.83. The Semiconductors industry median Gross Margin % is 29.61. ASML Holding NV's value of 52.98% is 78.9% above this industry median. Based on the distribution chart, ASML Holding NV ranks #148 out of 1011 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 Gross Margin % compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, ASML Holding NV ranks #148 out of 1011 companies for Gross Margin %. This places ASML Holding NV in the top 15% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 29.61. ASML Holding NV's value of 52.98% is 78.9% above this benchmark. Historically, ASML Holding NV's own Gross Margin % has ranged from 44.67 to 52.83 over the past decade. While the company's 10-year median is 49.59 vs. the industry median of 29.61, 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 Gross Margin % for a Semiconductors company?
The median Gross Margin % among Semiconductors companies is 29.61, based on 1,011 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASML Holding NV's current Gross Margin % of 52.98% is 78.9% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on ASML Holding NV and its competitors. For the Semiconductors industry, the median Gross Margin % is 29.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASML Holding NV's current Gross Margin % is 52.98%, which is near median its own 10-year median of 49.59. 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 (ASMLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1,103.19, compared to a current price of $1,746.61 — trading 58.3% above its estimated fair value. The current Gross Margin % is 52.98%, which is near median its 10-year median of 49.59 and 78.9% above the Semiconductors industry median of 29.61. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For ASML Holding NV (ASMLF), the current Gross Margin % is 52.98% 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 (ASMLF) Overvalued in 2026?
Based on GuruFocus' analysis, ASML Holding NV stock appears to be overvalued.
The current stock price of $1,746.61 is trading 58.3% above its estimated GF Value™ of $1,103.19.
GuruFocus considers ASML Holding NV to be Significantly Overvalued.
Key valuation signals for ASMLF:
Gross Margin %: 52.98% (near median its 10-year median of 49.59)
GF Value™: $1,103.19 vs. price of $1,746.61 (58.3% above fair value)
Industry Position: 78.9% above the Semiconductors median (#148 of 1011)
No single metric tells the full story. See the ASMLF 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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