ASML Holding NVXSWX:ASML -1.83%89 ROC (Joel Greenblatt) % is 152.80% as of Mar. 2026, which is 17% above its 10-year median of 130.39. 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 1,027 Semiconductors companies, ASML Holding NV ranks better than 96.4% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. ASML Holding NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 152.80%.
The historical rank and industry rank for ASML Holding NV's ROC (Joel Greenblatt) % or its related term are showing as below:
XSWX:ASML'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 65.41 Med: 130.39 Max: 226.75
Current: 155.97
During the past 13 years, ASML Holding NV's highest ROC (Joel Greenblatt) % was 226.75%. The lowest was 65.41%. And the median was 130.39%.
XSWX:ASML's ROC (Joel Greenblatt) % is ranked better than 96.4% of 1027
companies
in the Semiconductors industry
Industry Median: 8.19
vs XSWX:ASML: 155.97
ASML Holding NV's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -0.80% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
ASML Holding NV ROC (Joel Greenblatt) % Related Terms
ASML Holding NV ROC (Joel Greenblatt) % Historical Data
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The historical data trend for ASML Holding NV's ROC (Joel Greenblatt) % 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 LRCX, AMAT, KLAC: ROC (Joel Greenblatt) % Comparison
For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ASML Holding NV's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where ASML Holding NV's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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 ROC (Joel Greenblatt) % of 152.80% mean?
ASML Holding NV (XSWX:ASML) has a ROC (Joel Greenblatt) % of 152.80% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on ASML Holding NV and its competitors. This is 17% above median its historical median of 130.39. Over the past decade, ASML Holding NV's ROC (Joel Greenblatt) % has ranged from 65.41 to 226.75. According to the industry distribution chart, ASML Holding NV ranks #37 out of 1027 companies in the Semiconductors industry, placing it in the top 3.6%.
Is ASML Holding NV's ROC (Joel Greenblatt) % too high?
ASML Holding NV's current ROC (Joel Greenblatt) % of 152.80% is 17% above median its 10-year median of 130.39. Over the past 10 years, this metric has ranged from a low of 65.41 to a high of 226.75. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.19. ASML Holding NV's value of 152.80% is 1765.7% above this industry median. Based on the distribution chart, ASML Holding NV ranks #37 out of 1027 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 ROC (Joel Greenblatt) % compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, ASML Holding NV ranks #37 out of 1027 companies for ROC (Joel Greenblatt) %. This places ASML Holding NV in the top 4% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 8.19. ASML Holding NV's value of 152.80% is 1765.7% above this benchmark. Historically, ASML Holding NV's own ROC (Joel Greenblatt) % has ranged from 65.41 to 226.75 over the past decade. While the company's 10-year median is 130.39 vs. the industry median of 8.19, 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 ROC (Joel Greenblatt) % for a Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.19, based on 1,027 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASML Holding NV's current ROC (Joel Greenblatt) % of 152.80% is 1765.7% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on ASML Holding NV and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASML Holding NV's current ROC (Joel Greenblatt) % is 152.80%, which is 17% above median its own 10-year median of 130.39. 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 ROC (Joel Greenblatt) % is 152.80%, which is 17% above median its 10-year median of 130.39 and 1765.7% above the Semiconductors industry median of 8.19. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For ASML Holding NV (XSWX:ASML), the current ROC (Joel Greenblatt) % is 152.80% 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:
ROC (Joel Greenblatt) %: 152.80% (17% above median its 10-year median of 130.39)
GF Value™: CHF894.70 vs. price of CHF1,462.80 (63.5% above fair value)
Industry Position: 1765.7% above the Semiconductors median (#37 of 1027)
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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