2026년 2월 12일 · Unknown · financial · 출처 Yahoo Finance
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What ASML Holding’s recent performance could mean for investors
ASML Holding (NasdaqGS:ASML) has drawn attention after a recent move that leaves the stock with a 1 day return of 1.56% and gains of 7.21% over the past week.
Those shorter term moves sit alongside a month return of 12.05% and a past 3 months return of 40.77%. This invites a closer look at how this semiconductor equipment maker’s current valuation lines up with its fundamentals.
See our latest analysis for ASML Holding.
At a share price of $1,435.63, ASML Holding’s recent daily and weekly share price returns sit alongside a 23.36% year to date share price return and a 1 year total shareholder return of 91.27%. Investors may compare this performance with their view of risk and future cash flows.
If ASML’s run has you looking for other chip related opportunities, it could be worth scanning our list of 34 AI infrastructure stocks as a starting point for further ideas.
With ASML Holding reporting €32.7b in revenue and €9.6b in net income, plus a price target above the current US$1,435.63 share price, is the stock still attractively priced, or is the market already baking in future growth?
Price-to-Earnings of 48.5x: Is it justified?
On a P/E of 48.5x, ASML Holding trades at a higher earnings multiple than the broader US Semiconductor industry average of 46.4x, while still sitting below the peer group average of 54.8x.
The P/E multiple compares the current share price to the company’s earnings per share, so a higher figure often reflects stronger expectations for future earnings and profitability. For a business focused on lithography systems at the core of advanced chip production, investors often pay close attention to how reliably those earnings are growing and how defensible the business model appears.
Here, the current 48.5x P/E is framed in two different ways. Compared with similar peers on 54.8x, ASML looks relatively cheaper on an earnings basis, which suggests the market is assigning a lower earnings multiple to ASML than to that specific peer set. At the same time, our fair value P/E estimate of 37.5x from the SWS fair ratio model indicates the market is valuing each dollar of ASML’s earnings well above the level that model suggests investors could eventually gravitate toward.
Against the broader US Semiconductor industry on 46.4x, ASML’s higher multiple signals that investors are currently willing to pay a premium versus the sector for its earnings profile. Set against the 37.5x fair ratio, that premium looks even more pronounced, implying substantial room for the market multiple to compress if expectations soften or the sector’s pricing normalizes.
Story Continues
Explore the SWS fair ratio for ASML Holding
Result: Price-to-Earnings of 48.5x (OVERVALUED)
However, there are clear risks, including potential multiple compression from the current 48.5x P/E and future spending cycles at chipmakers that could affect demand for ASML’s systems.
Find out about the key risks to this ASML Holding narrative.
Another view from the SWS DCF model
While the 48.5x P/E compares ASML with peers, our DCF model, which looks at projected future cash flows, points to a fair value of $840.51 per share. With the stock at $1,435.63, that suggests it is expensive. Which signal do you think matters more for you right now?
Look into how the SWS DCF model arrives at its fair value.ASML Discounted Cash Flow as at Feb 2026
Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out ASML Holding for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 51 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.
Build Your Own ASML Holding Narrative
If you look at these numbers and reach a different conclusion, or simply want to test your own view against the data, you can create a personalised narrative for ASML in just a few minutes, starting with Do it your way.
A good starting point is our analysis highlighting 2 key rewards investors are optimistic about regarding ASML Holding.
Looking for more investment ideas?
ASML might be front of mind today, but you do not want to miss other opportunities that fit your style and risk comfort, so give yourself options.
Start with sturdier names by scanning solid balance sheet and fundamentals stocks screener (45 results) that can anchor your portfolio when sentiment shifts. Hunt for potential value by reviewing 51 high quality undervalued stocks where price and fundamentals line up more tightly. Add some potential income by checking out 13 dividend fortresses that focus on higher yielding companies.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include ASML.
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