ASML Holding NVXAMS:ASML -0.45%99 PB Ratio is 28.75 as of Jun. 25, 2026, which is 102% above its 10-year median of 14.21. GuruFocus rates XAMS:ASML with a GF Score™ of 99/100 and a GF Value™ of €964.74 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,000 Semiconductors companies, ASML Holding NV ranks worse than 96.4% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-25), ASML Holding NV's share price is €1553.80. ASML Holding NV's Book Value per Share for the quarter that ended in Mar. 2026 was €54.04. Hence, ASML Holding NV's PB Ratio of today is 28.75.
Warning Sign:
ASML Holding NV stock PB Ratio (=28.75) is close to 10-year high of 30.68.
The historical rank and industry rank for ASML Holding NV's PB Ratio or its related term are showing as below:
XAMS:ASML'
s PB Ratio Range Over the Past 10 Years
Min: 4.54 Med: 14.21 Max: 30.68
Current: 28.75
During the past 13 years, ASML Holding NV's highest PB Ratio was 30.68. The lowest was 4.54. And the median was 14.21.
XAMS:ASML's PB Ratio is ranked worse than 96.4% of 1000
companies
in the Semiconductors industry
Industry Median: 3.82
vs XAMS:ASML: 28.75
During the past 12 months, ASML Holding NV's average Book Value Per Share Growth Rate was 21.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 31.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of ASML Holding NV was 47.60% per year. The lowest was -9.40% per year. And the median was 13.30% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
ASML Holding NV PB Ratio Related Terms
ASML Holding NV PB Ratio Historical Data
* Premium members only.
The historical data trend for ASML Holding NV's 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.
XAMS:ASML vs LRCX, AMAT, KLAC: PB Ratio Comparison
For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's PB Ratio, along with its competitors' market caps and 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 PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ASML Holding NV's PB Ratio distribution charts can be found below:
* The bar in red indicates where ASML Holding NV's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
ASML Holding NV's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
ASML Holding NV (XAMS:ASML) has a PB Ratio of 28.75 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on ASML Holding NV and its competitors. This is 102% above median its historical median of 14.21. Over the past decade, ASML Holding NV's PB Ratio has ranged from 4.54 to 30.68. According to the industry distribution chart, ASML Holding NV ranks #964 out of 1000 companies in the Semiconductors industry, placing it in the top 96.4%.
Is ASML Holding NV's PB Ratio too high?
ASML Holding NV's current PB Ratio of 28.75 is 102% above median its 10-year median of 14.21. Over the past 10 years, this metric has ranged from a low of 4.54 to a high of 30.68. The Semiconductors industry median PB Ratio is 3.82. ASML Holding NV's value of 28.75 is 652.6% above this industry median. Based on the distribution chart, ASML Holding NV ranks #964 out of 1000 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, ASML Holding NV has a GF Score™ of 99/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASML Holding NV's PB Ratio compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, ASML Holding NV ranks #964 out of 1000 companies for PB Ratio. This places ASML Holding NV in the lower half of its industry. The industry median PB Ratio is 3.82. ASML Holding NV's value of 28.75 is 652.6% above this benchmark. Historically, ASML Holding NV's own PB Ratio has ranged from 4.54 to 30.68 over the past decade. While the company's 10-year median is 14.21 vs. the industry median of 3.82, 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 PB Ratio for a Semiconductors company?
The median PB Ratio among Semiconductors companies is 3.82, based on 1,000 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASML Holding NV's current PB Ratio of 28.75 is 652.6% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on ASML Holding NV and its competitors. For the Semiconductors industry, the median PB Ratio is 3.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASML Holding NV's current PB Ratio is 28.75, which is 102% above median its own 10-year median of 14.21. 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 (XAMS:ASML) is currently considered Significantly Overvalued. The stock's GF Value™ is €964.74, compared to a current price of €1,553.80 — trading 61.1% above its estimated fair value. The current PB Ratio is 28.75, which is 102% above median its 10-year median of 14.21 and 652.6% above the Semiconductors industry median of 3.82. ASML Holding NV's overall GF Score™ is 99/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For ASML Holding NV (XAMS:ASML), the current PB Ratio is 28.75 as of Jun. 25, 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 (XAMS:ASML) Overvalued in 2026?
Based on GuruFocus' analysis, ASML Holding NV stock appears to be overvalued.
The current stock price of €1,553.80 is trading 61.1% above its estimated GF Value™ of €964.74.
GuruFocus considers ASML Holding NV to be Significantly Overvalued.
Key valuation signals for XAMS:ASML:
PB Ratio: 28.75 (102% above median its 10-year median of 14.21)
GF Value™: €964.74 vs. price of €1,553.80 (61.1% above fair value)
Industry Position: 652.6% above the Semiconductors median (#964 of 1000)
No single metric tells the full story. See the XAMS: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.
99GF Score
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