Question 1

What is ASML's P/S ratio?

Accepted Answer

ASML (ASML) P/S ratio is 16.8× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for ASML?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For ASML specifically, the relevant sector benchmark is the current sector median of 5.8×.

Question 5

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

Accepted Answer

ASML's P/S ratio of 16.8× is above its own 5-year average of 11.3× and above the sector median of 5.8×. That places the current reading at the 96th 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/S ratio range?

Accepted Answer

In the available daily series, ASML (ASML) P/S ratio has ranged from a low of 1.5× in 2008 to a high of 19.6× in 2026. The 5-year average is 11.3× and the 5-year median is 10.5×.

Question 7

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

Accepted Answer

ASML (ASML) P/S ratio at the end of 2025 was 11.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$37B	11.2×	+2.3×	Dec 31, 2025
2024	$273B	$30.6B	8.9×	-0.5×	Dec 31, 2024
2023	$282B	$29.8B	9.5×	-0.3×	Dec 31, 2023
2022	$216B	$22.1B	9.7×	-4.9×	Dec 31, 2022
2021	$322B	$22B	14.7×	+2.0×	Dec 31, 2021
2020	$204B	$16.1B	12.7×	+3.3×	Dec 31, 2020
2019	$124B	$13.2B	9.4×	+4.3×	Dec 31, 2019
2018	$65.6B	$12.9B	5.1×	-2.3×	Dec 31, 2018
2017	$76.1B	$10.3B	7.4×	+1.0×	Dec 31, 2017
2016	$47.9B	$7.52B	6.4×	+0.9×	Dec 31, 2016
2015	$38.1B	$6.98B	5.5×	-0.5×	Dec 31, 2015
2014	$46.6B	$7.79B	6.0×	+0.1×	Dec 31, 2014
2013	$41.5B	$6.99B	5.9×	+1.1×	Dec 31, 2013
2012	$29.1B	$6.08B	4.8×	+2.6×	Dec 31, 2012
2011	$17.4B	$7.88B	2.2×	-0.6×	Dec 31, 2011
2010	$16.7B	$5.97B	2.8×	-3.7×	Dec 31, 2010
2009	$14.8B	$2.27B	6.5×	+4.8×	Dec 31, 2009
2008	$7.79B	$4.41B	1.8×	-0.8×	Dec 31, 2008
2007	$13.5B	$5.2B	2.6×	-0.3×	Dec 31, 2007
2006	$13.1B	$4.54B	2.9×	-0.6×	Dec 31, 2006
2005	$10.9B	$3.16B	3.5×	+0.7×	Dec 31, 2005
2004	$8.65B	$3.07B	2.8×	-3.4×	Dec 31, 2004
2003	$10.9B	$1.75B	6.2×	+4.1×	Dec 31, 2003
2002	$4.54B	$2.1B	2.2×	—	Dec 31, 2002


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P/S Ratio for ASML (ASML) 2002-2026

P/S Ratio daily chart for ASML (ASML)

Historical P/S Ratio for ASML (ASML) from 2002 to 2025

About P/S Ratio at ASML (ASML)

ASML P/S Ratio by Year

ASML P/S Ratio 2025: 11.2×

ASML P/S Ratio 2024: 8.9×

ASML P/S Ratio 2023: 9.5×

ASML P/S Ratio 2022: 9.7×

ASML P/S Ratio 2021: 14.7×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

ASML (ASML) Key Financials