ASMLF (ASML Holding NV) Scaled Net Operating Assets: 0.30 (As of Mar. 2026)


ASMLF ASML Holding NV ASMLF
91 GF Score
Price $1,758.00
GF Value $1,103.19
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is ASML Holding NV Scaled Net Operating Assets?

ASML Holding NV ASMLF -1.56% 91 Scaled Net Operating Assets is 0.30 as of Mar. 2026. GuruFocus rates ASMLF with a GF Score™ of 91/100 and a GF Value™ of $1,103.19 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

ASML Holding NV's operating assets for the quarter that ended in Mar. 2026 was $45,878 Mil. ASML Holding NV's operating liabilities for the quarter that ended in Mar. 2026 was $28,353 Mil. ASML Holding NV's Total Assets for the quarter that ended in Dec. 2025 was $59,211 Mil. Therefore, ASML Holding NV's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.30.


ASML Holding NV Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for ASML Holding NV's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

ASML Holding NV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.18 0.31 0.25 0.25

ASML Holding NV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.26 0.33 0.38 0.24 0.30

ASMLF vs LRCX, AMAT, KLAC: Scaled Net Operating Assets Comparison

For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, ASML Holding NV's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where ASML Holding NV's Scaled Net Operating Assets falls into.


ASMLF
91GF Score
ASML Holding NV ASMLF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ASML Holding NV Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

ASML Holding NV's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(43612.06-31104.801)/50879.162
=0.25

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=59211.475 - 15599.415
=43612.06

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=36246.37 - 3172.131 - 1969.438
=31104.801

ASML Holding NV's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(45877.688-28353.064)/59211.475
=0.30

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=55561.272 - 9683.584
=45877.688

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=31480.925 - 3127.861 - 0
=28353.064

* 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 Scaled Net Operating Assets of 0.30 mean?
ASML Holding NV (ASMLF) has a Scaled Net Operating Assets of 0.30 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on ASML Holding NV and its competitors.
Is ASML Holding NV's Scaled Net Operating Assets too high?
ASML Holding NV's current Scaled Net Operating Assets is 0.30. Overall, ASML Holding NV has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASML Holding NV's Scaled Net Operating Assets compare to LRCX and AMAT?
ASML Holding NV's Scaled Net Operating Assets of 0.30 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 Scaled Net Operating Assets for a Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on ASML Holding NV and its competitors. ASML Holding NV's current Scaled Net Operating Assets is 0.30. 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 (ASMLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1,103.19, compared to a current price of $1,758.00 — trading 59.4% above its estimated fair value. The current Scaled Net Operating Assets is 0.30. ASML Holding NV's overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For ASML Holding NV (ASMLF), the current Scaled Net Operating Assets is 0.30 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 (ASMLF) Overvalued in 2026?

Based on GuruFocus' analysis, ASML Holding NV stock appears to be overvalued. The current stock price of $1,758.00 is trading 59.4% above its estimated GF Value™ of $1,103.19. GuruFocus considers ASML Holding NV to be Significantly Overvalued.

Key valuation signals for ASMLF:

  • Scaled Net Operating Assets: 0.30
  • GF Value™: $1,103.19 vs. price of $1,758.00 (59.4% above fair value)
  • GF Score™: 91/100 with 4 warning signs

No single metric tells the full story. See the ASMLF 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.
91GF Score

Get the complete analysis for ASMLF

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1,758.00
Price
$1,103.19
GF Value