Question 1

What is ASML's P/E ratio?

Accepted Answer

ASML (ASML) P/E ratio is 54.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for ASML?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For ASML specifically, the relevant sector benchmark is the current sector median of 29.6×.

Question 5

Is ASML's P/E ratio high or low?

Accepted Answer

ASML's P/E ratio of 54.5× is above its own 5-year average of 38.8× and above the sector median of 29.6×. That places the current reading at the 94th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is ASML's historical P/E ratio range?

Accepted Answer

In the available daily series, ASML (ASML) P/E ratio has ranged from a low of 6.5× in 2011 to a high of 140.2× in 2010. The 5-year average is 38.8× and the 5-year median is 36.9×.

Question 7

What was ASML's P/E ratio in 2025?

Accepted Answer

ASML (ASML) P/E ratio at the end of 2025 was 38.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does ASML's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$413.37B	$10.87B	38.0×	+4.7×	Dec 31, 2025
2024	$272.58B	$8.18B	33.3×	+0.1×	Dec 31, 2024
2023	$281.63B	$8.48B	33.2×	-3.6×	Dec 31, 2023
2022	$215.60B	$5.85B	36.9×	-9.6×	Dec 31, 2022
2021	$322.22B	$6.93B	46.5×	-3.1×	Dec 31, 2021
2020	$203.52B	$4.11B	49.5×	+6.5×	Dec 31, 2020
2019	$124.41B	$2.89B	43.0×	+21.5×	Dec 31, 2019
2018	$65.57B	$3.05B	21.5×	-10.1×	Dec 31, 2018
2017	$76.14B	$2.41B	31.6×	+2.2×	Dec 31, 2017
2016	$47.86B	$1.63B	29.5×	+4.7×	Dec 31, 2016
2015	$38.08B	$1.54B	24.7×	-4.6×	Dec 31, 2015
2014	$46.64B	$1.59B	29.3×	-1.3×	Dec 31, 2014
2013	$41.48B	$1.36B	30.5×	+10.8×	Dec 31, 2013
2012	$29.11B	$1.47B	19.7×	+11.3×	Dec 31, 2012
2011	$17.37B	$2.05B	8.5×	-3.9×	Dec 31, 2011
2010	$16.74B	$1.35B	12.4×	—	Dec 31, 2010
2009	$14.80B	−$191.75M	—	—	Dec 31, 2009
2008	$7.79B	$513.35M	15.2×	+0.9×	Dec 31, 2008
2007	$13.50B	$943.54M	14.3×	-2.3×	Dec 31, 2007
2006	$13.13B	$791.34M	16.6×	-11.4×	Dec 31, 2006
2005	$10.95B	$391.49M	28.0×	-1.3×	Dec 31, 2005
2004	$8.65B	$295.26M	29.3×	—	Dec 31, 2004
2003	$10.89B	−$175.18M	—	—	Dec 31, 2003
2002	$4.54B	−$150.22M	—	—	Dec 31, 2002
2001	$9.06B	−$433.85M	—	—	Dec 31, 2001


NXP Semiconductors (NXPI)	17.9×
Uber (UBER)	17.3×
Broadridge Financial Solutions (BR)	17.2×
NetApp (NTAP)	16.8×
Accenture (ACN)	16.8×
Corpay (CPAY)	16.7×
Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Adobe (ADBE)	14.9×
CDW (CDW)	14.5×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
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Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Lyft (LYFT)	1.8×

P/E Ratio for ASML (ASML)

P/E Ratio daily chart for ASML (ASML)

Historical P/E Ratio for ASML (ASML) from 2001 to 2025

About P/E Ratio at ASML (ASML)

ASML P/E Ratio by Year

ASML P/E Ratio 2025: 38.0×

ASML P/E Ratio 2024: 33.3×

ASML P/E Ratio 2023: 33.2×

ASML P/E Ratio 2022: 36.9×

ASML P/E Ratio 2021: 46.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

ASML (ASML) Key Financials

P/E Ratio daily chart for ASML (ASML)

Historical P/E Ratio for ASML (ASML) from 2001 to 2025

About P/E Ratio at ASML (ASML)

ASML P/E Ratio by Year

ASML P/E Ratio 2025: 38.0×

ASML P/E Ratio 2024: 33.3×

ASML P/E Ratio 2023: 33.2×

ASML P/E Ratio 2022: 36.9×

ASML P/E Ratio 2021: 46.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is ASML's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for ASML?

+Is ASML's P/E ratio high or low?

+What is ASML's historical P/E ratio range?

+What was ASML's P/E ratio in 2025?

+Why does ASML's P/E ratio change over time?

ASML (ASML) Key Financials