ASML Holding NVXSWX:ASML -1.83%89 3-Year ROIIC % is 33.84 as of Dec. 2025, which is 42% above its 10-year median of 23.88. 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 997 Semiconductors companies, ASML Holding NV ranks better than 77.03% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
ASML Holding NV's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 33.84%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for ASML Holding NV's 3-Year ROIIC % or its related term are showing as below:
XSWX:ASML's 3-Year ROIIC % is ranked better than 77.03% of 997
companies
in the Semiconductors industry
Industry Median: -0.04
vs XSWX:ASML: 33.84
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
ASML Holding NV 3-Year ROIIC % Related Terms
ASML Holding NV 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for ASML Holding NV's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ASML Holding NV's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where ASML Holding NV's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
ASML Holding NV (XSWX:ASML) has a 3-Year ROIIC % of 33.84 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on ASML Holding NV and its competitors. This is 42% above median its historical median of 23.88. Over the past decade, ASML Holding NV's 3-Year ROIIC % has ranged from 10.53 to 45.46. According to the industry distribution chart, ASML Holding NV ranks #229 out of 997 companies in the Semiconductors industry, placing it in the top 23%.
Is ASML Holding NV's 3-Year ROIIC % too high?
ASML Holding NV's current 3-Year ROIIC % of 33.84 is 42% above median its 10-year median of 23.88. Over the past 10 years, this metric has ranged from a low of 10.53 to a high of 45.46. Based on the distribution chart, ASML Holding NV ranks #229 out of 997 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 3-Year ROIIC % compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, ASML Holding NV ranks #229 out of 997 companies for 3-Year ROIIC %. This places ASML Holding NV in the top 23% of its industry — outperforming the majority of peers. Historically, ASML Holding NV's own 3-Year ROIIC % has ranged from 10.53 to 45.46 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Semiconductors company?
A good 3-Year ROIIC % depends on the Semiconductors industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on ASML Holding NV and its competitors. ASML Holding NV's current 3-Year ROIIC % is 33.84, which is 42% above median its own 10-year median of 23.88. 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 3-Year ROIIC % is 33.84, which is 42% above median its 10-year median of 23.88. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For ASML Holding NV (XSWX:ASML), the current 3-Year ROIIC % is 33.84 as of Dec. 2025. 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:
3-Year ROIIC %: 33.84 (42% above median its 10-year median of 23.88)
GF Value™: CHF894.70 vs. price of CHF1,462.80 (63.5% above fair value)
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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