ASML Holding NVXSWX:ASML 89 Return-on-Tangible-Asset is 24.63% as of Mar. 2026, which is 27% above its 10-year median of 19.32. GuruFocus rates XSWX:ASML with a GF Score™ of 89/100 and a GF Value™ of CHF894.70 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,026 Semiconductors companies, ASML Holding NV ranks better than 96.49% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. ASML Holding NV's annualizedNet Income for the quarter that ended in Mar. 2026 was CHF10,036 Mil. ASML Holding NV's average total tangible assets for the quarter that ended in Mar. 2026 was CHF40,741 Mil. Therefore, ASML Holding NV's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 24.63%.
The historical rank and industry rank for ASML Holding NV's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:ASML'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 14.88 Med: 19.32 Max: 25.41
Current: 24.95
During the past 13 years, ASML Holding NV's highest Return-on-Tangible-Asset was 25.41%. The lowest was 14.88%. And the median was 19.32%.
XSWX:ASML's Return-on-Tangible-Asset is ranked better than 96.49% of 1026
companies
in the Semiconductors industry
Industry Median: 2.59
vs XSWX:ASML: 24.95
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
ASML Holding NV Return-on-Tangible-Asset Related Terms
ASML Holding NV Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for ASML Holding NV's Return-on-Tangible-Asset 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: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ASML Holding NV's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where ASML Holding NV's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 24.63% mean?
ASML Holding NV (XSWX:ASML) has a Return-on-Tangible-Asset of 24.63% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on ASML Holding NV and its competitors. This is 27% above median its historical median of 19.32. Over the past decade, ASML Holding NV's Return-on-Tangible-Asset has ranged from 14.88 to 25.41. According to the industry distribution chart, ASML Holding NV ranks #36 out of 1026 companies in the Semiconductors industry, placing it in the top 3.5%.
Is ASML Holding NV's Return-on-Tangible-Asset too high?
ASML Holding NV's current Return-on-Tangible-Asset of 24.63% is 27% above median its 10-year median of 19.32. Over the past 10 years, this metric has ranged from a low of 14.88 to a high of 25.41. The Semiconductors industry median Return-on-Tangible-Asset is 2.59. ASML Holding NV's value of 24.63% is 851% above this industry median. Based on the distribution chart, ASML Holding NV ranks #36 out of 1026 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 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASML Holding NV's Return-on-Tangible-Asset compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, ASML Holding NV ranks #36 out of 1026 companies for Return-on-Tangible-Asset. This places ASML Holding NV in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.59. ASML Holding NV's value of 24.63% is 851% above this benchmark. Historically, ASML Holding NV's own Return-on-Tangible-Asset has ranged from 14.88 to 25.41 over the past decade. While the company's 10-year median is 19.32 vs. the industry median of 2.59, 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 Return-on-Tangible-Asset for a Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.59, based on 1,026 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASML Holding NV's current Return-on-Tangible-Asset of 24.63% is 851% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on ASML Holding NV and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASML Holding NV's current Return-on-Tangible-Asset is 24.63%, which is 27% above median its own 10-year median of 19.32. 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 CHF894.70, compared to a current price of CHF1,462.80 — trading 63.5% above its estimated fair value. The current Return-on-Tangible-Asset is 24.63%, which is 27% above median its 10-year median of 19.32 and 851% above the Semiconductors industry median of 2.59. ASML Holding NV's overall GF Score™ is 89/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For ASML Holding NV (XSWX:ASML), the current Return-on-Tangible-Asset is 24.63% 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 CHF1,462.80 is trading 63.5% above its estimated GF Value™ of CHF894.70.
GuruFocus considers ASML Holding NV to be Significantly Overvalued.
Key valuation signals for XSWX:ASML:
Return-on-Tangible-Asset: 24.63% (27% above median its 10-year median of 19.32)
GF Value™: CHF894.70 vs. price of CHF1,462.80 (63.5% above fair value)
Industry Position: 851% above the Semiconductors median (#36 of 1026)
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.
89GF Score
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