ASML Holding NV (FRA:ASM) Shiller PE Ratio: 94.19 (As of Sep. 07, 2026) — 40% Above Median

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FRA:ASM ASML Holding NV FRA:ASM
95 GF Score
Price €29.20
GF Value €21.57
Valuation Significantly Overvalued
View Full Analysis

What is ASML Holding NV Shiller PE Ratio?

ASML Holding NV FRA:ASM +4.29% 95 Shiller PE Ratio is 94.19 as of Sep. 07, 2026, which is 40% above its 10-year median of 67.32. GuruFocus rates FRA:ASM with a GF Score™ of 95/100 and a GF Value™ of €21.57 (Significantly Overvalued). Among 543 Semiconductors companies, ASML Holding NV ranks worse than 76.98% on this metric.

As of today (2026-09-07), ASML Holding NV's current share price is €29.20. ASML Holding NV's E10 for the quarter that ended in Jun. 2026 was €0.31. ASML Holding NV's Shiller PE Ratio for today is 94.19.

The historical rank and industry rank for ASML Holding NV's Shiller PE Ratio or its related term are showing as below:

FRA:ASM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 36.77   Med: 67.32   Max: 145.84
Current: 96.39

During the past years, ASML Holding NV's highest Shiller PE Ratio was 145.84. The lowest was 36.77. And the median was 67.32.

FRA:ASM's Shiller PE Ratio is ranked worse than
76.98% of 543 companies
in the Semiconductors industry
Industry Median: 41.31 vs FRA:ASM: 96.39

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

ASML Holding NV's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.166. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €0.31 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASML Holding NV  (FRA:ASM) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


ASML Holding NV Shiller PE Ratio Related Terms


ASML Holding NV Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for ASML Holding NV's Shiller PE 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.

ASML Holding NV Shiller PE Ratio Chart

ASML Holding NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 119.66 66.66 72.92 60.02 67.40

ASML Holding NV Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 54.37 63.26 67.40 77.25 113.08

FRA:ASM vs LRCX, AMAT, KLAC: Shiller PE Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, ASML Holding NV's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where ASML Holding NV's Shiller PE Ratio falls into.


FRA:ASM
95GF Score
ASML Holding NV FRA:ASM
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASML Holding NV Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

ASML Holding NV's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=29.20/0.31
=94.19

* 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.

ASML Holding NV's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, ASML Holding NV's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.166/137.7700*137.7700
=0.166

Current CPI (Jun. 2026) = 137.7700.

ASML Holding NV Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.020 100.570 0.027
201612 0.027 100.710 0.037
201703 0.023 101.440 0.031
201706 0.024 101.370 0.033
201709 0.028 102.030 0.038
201712 0.033 101.970 0.045
201803 0.028 102.470 0.038
201806 0.030 103.100 0.040
201809 0.035 103.950 0.046
201812 0.041 103.970 0.054
201903 0.018 105.370 0.024
201906 0.025 105.840 0.033
201909 0.033 106.700 0.043
201912 0.059 106.800 0.076
202003 0.020 106.850 0.026
202006 0.039 107.510 0.050
202009 0.056 107.880 0.072
202012 0.071 107.850 0.091
202103 0.070 108.870 0.089
202106 0.055 109.670 0.069
202109 0.093 110.790 0.116
202112 0.096 114.010 0.116
202203 0.038 119.460 0.044
202206 0.078 119.050 0.090
202209 0.094 126.890 0.102
202212 0.101 124.940 0.111
202303 0.109 124.720 0.120
202306 0.108 125.830 0.118
202309 0.106 127.160 0.115
202312 0.114 126.450 0.124
202403 0.068 128.580 0.073
202406 0.088 129.910 0.093
202409 0.116 131.610 0.121
202412 0.150 131.630 0.157
202503 0.132 133.330 0.136
202506 0.129 133.960 0.133
202509 0.120 135.920 0.122
202512 0.161 135.270 0.164
202603 0.157 136.910 0.158
202606 0.166 137.770 0.166

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 94.19 mean?
ASML Holding NV (FRA:ASM) has a Shiller PE Ratio of 94.19 as of Sep. 07, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on ASML Holding NV and its competitors. This is 40% above median its historical median of 67.32. Over the past decade, ASML Holding NV's Shiller PE Ratio has ranged from 36.77 to 145.84. According to the industry distribution chart, ASML Holding NV ranks #418 out of 543 companies in the Semiconductors industry, placing it in the top 77%.
Is ASML Holding NV's Shiller PE Ratio too high?
ASML Holding NV's current Shiller PE Ratio of 94.19 is 40% above median its 10-year median of 67.32. Over the past 10 years, this metric has ranged from a low of 36.77 to a high of 145.84. The Semiconductors industry median Shiller PE Ratio is 41.31. ASML Holding NV's value of 94.19 is 128% above this industry median. Based on the distribution chart, ASML Holding NV ranks #418 out of 543 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, ASML Holding NV has a GF Score™ of 95/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASML Holding NV's Shiller PE Ratio compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, ASML Holding NV ranks #418 out of 543 companies for Shiller PE Ratio. This places ASML Holding NV in the lower half of its industry. The industry median Shiller PE Ratio is 41.31. ASML Holding NV's value of 94.19 is 128% above this benchmark. Historically, ASML Holding NV's own Shiller PE Ratio has ranged from 36.77 to 145.84 over the past decade. While the company's 10-year median is 67.32 vs. the industry median of 41.31, 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 Shiller PE Ratio for a Semiconductors company?
The median Shiller PE Ratio among Semiconductors companies is 41.31, based on 543 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASML Holding NV's current Shiller PE Ratio of 94.19 is 128% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on ASML Holding NV and its competitors. For the Semiconductors industry, the median Shiller PE Ratio is 41.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASML Holding NV's current Shiller PE Ratio is 94.19, which is 40% above median its own 10-year median of 67.32. 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 (FRA:ASM) is currently considered Significantly Overvalued. The stock's GF Value™ is €21.57, compared to a current price of €29.20 — trading 35.4% above its estimated fair value. The current Shiller PE Ratio is 94.19, which is 40% above median its 10-year median of 67.32 and 128% above the Semiconductors industry median of 41.31. ASML Holding NV's overall GF Score™ is 95/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For ASML Holding NV (FRA:ASM), the current Shiller PE Ratio is 94.19 as of Sep. 07, 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 (FRA:ASM) Overvalued in 2026?

Based on GuruFocus' analysis, ASML Holding NV stock appears to be overvalued. The current stock price of €29.20 is trading 35.4% above its estimated GF Value™ of €21.57. GuruFocus considers ASML Holding NV to be Significantly Overvalued.

Key valuation signals for FRA:ASM:

  • Shiller PE Ratio: 94.19 (40% above median its 10-year median of 67.32)
  • GF Value™: €21.57 vs. price of €29.20 (35.4% above fair value)
  • GF Score™: 95/100
  • Industry Position: 128% above the Semiconductors median (#418 of 543)

No single metric tells the full story. See the FRA:ASM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ASML Holding NV Business Description

Address De Run 6501, Veldhoven, NB, NLD, 5504 DR
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.
95GF Score

Get the complete analysis for FRA:ASM

Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€29.20
Price
€21.57
GF Value