Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
ASML Holding NV's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.00%.
As of Mar. 2026, ASML Holding NV has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
ASML Holding NV (XSWX:ASML) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, ASML Holding NV has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
ASML Holding NV Sloan Ratio % Related Terms
ASML Holding NV Sloan Ratio % Historical Data
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The historical data trend for ASML Holding NV's Sloan 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.
XSWX:ASML vs AMAT, LRCX, KLAC: Sloan Ratio % Comparison
For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's Sloan Ratio %, along with its competitors' market caps and Sloan 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 Sloan Ratio % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ASML Holding NV's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where ASML Holding NV's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
ASML Holding NV's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
ASML Holding NV's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 2510.134 (Jun. 2025 ) + 1985.111 (Sep. 2025 ) + 2649.739 (Dec. 2025 ) + 2509.075 (Mar. 2026 ) = CHF9,654 Mil.
ASML Holding NV's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 1262.477 (Jun. 2025 ) + 522.417 (Sep. 2025 ) + 10647.386 (Dec. 2025 ) + 0 (Mar. 2026 ) = CHF12,432 Mil.
ASML Holding NV's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -926.129 (Jun. 2025 ) + -1801.316 (Sep. 2025 ) + -939.017 (Dec. 2025 ) + 0 (Mar. 2026 ) = CHF-3,666 Mil.
* 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 (XSWX:ASML) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on ASML Holding NV and its competitors.
Is ASML Holding NV's Sloan Ratio % too high?
ASML Holding NV's current Sloan Ratio % is 0.00%. Overall, ASML Holding NV has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASML Holding NV's Sloan Ratio % compare to AMAT and LRCX?
ASML Holding NV's Sloan Ratio % of 0.00% can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Semiconductors company?
A good Sloan Ratio % depends on the Semiconductors industry context. However, Sloan Ratio % 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 Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on ASML Holding NV and its competitors. ASML Holding NV's current Sloan Ratio % is 0.00%. 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 CHF907.57, compared to a current price of CHF1,476.60 — trading 62.7% above its estimated fair value. The current Sloan Ratio % is 0.00%. ASML Holding NV's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For ASML Holding NV (XSWX:ASML), the current Sloan Ratio % is 0.00% 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 CHF1,476.60 is trading 62.7% above its estimated GF Value™ of CHF907.57.
GuruFocus considers ASML Holding NV to be Significantly Overvalued.
Key valuation signals for XSWX:ASML:
Sloan Ratio %: 0.00%
GF Value™: CHF907.57 vs. price of CHF1,476.60 (62.7% 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.
80GF Score
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