Question 1

What is ASML's P/E ratio?

Accepted Answer

ASML (ASML) P/E ratio is 55.9× as of July 22, 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 29.4×.

Question 5

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

Accepted Answer

ASML's P/E ratio of 55.9× is above its own 5-year average of 39.4× and above the sector median of 29.4×. 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 39.4× 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	$413B	$10.9B	38.0×	+4.7×	Dec 31, 2025
2024	$273B	$8.18B	33.3×	+0.1×	Dec 31, 2024
2023	$282B	$8.48B	33.2×	-3.6×	Dec 31, 2023
2022	$216B	$5.85B	36.9×	-9.6×	Dec 31, 2022
2021	$322B	$6.93B	46.5×	-3.1×	Dec 31, 2021
2020	$204B	$4.11B	49.5×	+6.5×	Dec 31, 2020
2019	$124B	$2.89B	43.0×	+21.5×	Dec 31, 2019
2018	$65.6B	$3.05B	21.5×	-10.1×	Dec 31, 2018
2017	$76.1B	$2.41B	31.6×	+2.2×	Dec 31, 2017
2016	$47.9B	$1.63B	29.5×	+4.7×	Dec 31, 2016
2015	$38.1B	$1.54B	24.7×	-4.6×	Dec 31, 2015
2014	$46.6B	$1.59B	29.3×	-1.3×	Dec 31, 2014
2013	$41.5B	$1.36B	30.5×	+10.8×	Dec 31, 2013
2012	$29.1B	$1.47B	19.7×	+11.3×	Dec 31, 2012
2011	$17.4B	$2.05B	8.5×	-3.9×	Dec 31, 2011
2010	$16.7B	$1.35B	12.4×	—	Dec 31, 2010
2009	$14.8B	-$192M	—	—	Dec 31, 2009
2008	$7.79B	$513M	15.2×	+0.9×	Dec 31, 2008
2007	$13.5B	$944M	14.3×	-2.3×	Dec 31, 2007
2006	$13.1B	$791M	16.6×	-11.4×	Dec 31, 2006
2005	$10.9B	$391M	28.0×	-1.3×	Dec 31, 2005
2004	$8.65B	$295M	29.3×	—	Dec 31, 2004
2003	$10.9B	-$175M	—	—	Dec 31, 2003
2002	$4.54B	-$150M	—	—	Dec 31, 2002


Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Accenture (ACN)	15.4×
Gartner (IT)	14.9×
CDW (CDW)	14.5×
Adobe (ADBE)	14.4×
Leidos Holdings (LDOS)	14.1×
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×
First Solar (FSLR)	12.7×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
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×
Sunrun (RUN)	5.6×
Lyft (LYFT)	1.8×
IBM (IBM)	0.0×

P/E Ratio for ASML (ASML) 2004-2026

P/E Ratio daily chart for ASML (ASML)

Historical P/E Ratio for ASML (ASML) from 2002 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