Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 59.05 | 35.03 | 65.61 | 46.18 | 36.44 | 43.41 | 33.96 | 28.41 | 24.58 | 40.14 | 63.60 | 77.27 | 37.25 | 29.67 | 36.83 | 34.80 | 31.33 | 23.49 | 33.05 | 95.42 | 45.13 |
| — | -19.3% | +93.2% | +62.5% | +48.3% | +8.2% | -46.6% | -63.2% | -34.0% | +35.3% | +72.7% | +122.0% | +18.9% | +26.3% | +11.4% | -63.5% | -30.6% | -45.5% | -51.0% | +102.8% | +16.2% | |
| P/S Ratio | 17.21 | 14.89 | 20.53 | 14.53 | 10.65 | 12.27 | 10.12 | 8.40 | 7.36 | 10.98 | 16.12 | 18.06 | 10.30 | 8.68 | 10.34 | 9.96 | 8.40 | 7.13 | 8.73 | 18.97 | 16.17 |
| — | +21.4% | +102.9% | +73.0% | +44.7% | +11.7% | -37.2% | -53.5% | -28.5% | +26.5% | +55.8% | +81.3% | +22.6% | +21.8% | +18.4% | -47.5% | -48.1% | -50.9% | -50.7% | +29.0% | +34.8% | |
| P/B Ratio | 28.95 | 31.49 | 35.08 | 24.46 | 21.12 | 19.42 | 17.63 | 14.89 | 14.76 | 20.32 | 27.39 | 27.56 | 22.07 | 19.24 | 26.92 | 27.49 | 24.71 | 20.64 | 24.82 | 30.29 | 31.70 |
| — | +62.2% | +99.0% | +64.2% | +43.0% | -4.5% | -35.6% | -46.0% | -33.1% | +5.6% | +1.8% | +0.3% | -10.7% | -6.8% | +8.4% | -9.2% | -22.1% | -22.1% | +5.4% | +60.6% | +115.1% | |
| P/FCF | 52.82 | 15.26 | 136.38 | — | 9.79 | 378.34 | 217.54 | — | 7.34 | 158.24 | 252.68 | — | 29.32 | 89.64 | — | 337.78 | 11.49 | 49.07 | 19.35 | — | 12.67 |
| — | -96.0% | -37.3% | — | +33.3% | +139.1% | -13.9% | — | -75.0% | +76.5% | — | — | +155.3% | +82.7% | — | — | -9.3% | +5.8% | -8.2% | — | +0.5% | |
| EV / EBITDA | 44.79 | 31.68 | 51.38 | 36.89 | 27.39 | 33.39 | 26.35 | 21.37 | 18.42 | 30.60 | 48.77 | 59.41 | 28.41 | 24.52 | 29.02 | 27.96 | 23.01 | 19.88 | 26.61 | 73.12 | 37.33 |
| — | -5.1% | +95.0% | +72.6% | +48.7% | +9.1% | -46.0% | -64.0% | -35.1% | +24.8% | +68.0% | +112.5% | +23.5% | +23.4% | +9.1% | -61.8% | -38.4% | -46.8% | -49.4% | +90.2% | +20.0% | |
| EV / EBIT | 48.86 | 33.29 | 55.05 | 38.16 | 27.63 | 35.69 | 27.69 | 22.58 | 18.73 | 32.53 | 53.45 | 65.89 | 28.61 | 25.85 | 30.24 | 29.41 | 24.80 | 20.96 | 28.47 | 81.10 | 44.27 |
| — | -6.7% | +98.8% | +69.0% | +47.5% | +9.7% | -48.2% | -65.7% | -34.5% | +25.8% | +76.7% | +124.1% | +15.3% | +23.3% | +6.2% | -63.7% | -44.0% | -44.3% | -49.8% | +96.2% | +31.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.8% | 57.4% | 54.0% | 53.0% | 52.2% | 51.6% | 53.7% | 54.0% | 51.7% | 50.8% | 51.5% | 51.0% | 51.4% | 51.9% | 51.3% | 50.6% | 51.5% | 51.8% | 49.1% | 49.0% | 54.2% |
| — | +11.3% | +0.6% | -1.9% | +0.9% | +1.6% | +4.3% | +5.9% | +0.7% | -2.1% | +0.2% | +0.8% | -0.2% | +0.1% | +4.6% | +3.3% | -4.9% | +0.2% | -3.5% | -9.1% | +4.2% | |
| Operating Margin | 34.6% | 44.4% | 37.1% | 36.0% | 35.3% | 32.8% | 34.6% | 35.4% | 36.2% | 32.7% | 29.4% | 26.3% | 33.1% | 32.7% | 32.8% | 32.7% | 33.0% | 33.5% | 30.4% | 22.2% | 40.7% |
| — | +35.1% | +7.0% | +1.8% | -2.5% | +0.5% | +17.9% | +34.5% | +9.6% | -0.0% | -10.4% | -19.5% | +0.0% | -2.5% | +7.7% | +47.2% | -18.9% | -8.4% | -1.2% | -37.9% | +15.3% | |
| Net Margin | 29.4% | 42.5% | 31.3% | 31.4% | 29.2% | 28.3% | 29.8% | 30.4% | 29.1% | 27.8% | 25.3% | 23.1% | 28.3% | 28.4% | 28.1% | 29.0% | 28.2% | 29.4% | 26.0% | 19.7% | 35.6% |
| — | +50.5% | +5.1% | +3.4% | +0.5% | +1.6% | +17.8% | +31.5% | +2.7% | -2.0% | -10.2% | -20.2% | +0.2% | -3.6% | +8.3% | +47.4% | -20.6% | -11.3% | +0.6% | -35.5% | +12.0% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 50.5% | 22.6% | 13.7% | 13.6% | 14.7% | 11.6% | 13.0% | 13.1% | 15.6% | 13.5% | 11.1% | 8.9% | 16.0% | 16.7% | 19.0% | 21.1% | 21.7% | 21.8% | 17.1% | 7.3% | 16.4% |
| — | +95.0% | +4.9% | +4.1% | -5.5% | -13.9% | +18.0% | +46.5% | -2.9% | -19.4% | -42.0% | -57.7% | -26.2% | -23.3% | +11.4% | +189.0% | +32.7% | +47.5% | +111.7% | -24.6% | +67.2% | |
| ROA | 19.4% | 9.1% | 5.9% | 5.6% | 5.9% | 4.7% | 5.1% | 5.0% | 6.0% | 5.0% | 3.9% | 3.1% | 5.3% | 5.1% | 5.4% | 5.5% | 5.3% | 5.3% | 4.5% | 2.3% | 6.2% |
| — | +92.5% | +17.1% | +11.6% | -0.4% | -6.3% | +28.4% | +62.5% | +13.2% | -0.7% | -26.7% | -43.9% | -0.1% | -3.4% | +18.9% | +140.1% | -14.4% | -16.9% | +20.0% | -53.2% | +20.1% | |
| ROIC | 84.2% | 23.4% | 15.9% | 19.0% | 19.8% | 12.1% | 15.3% | 18.0% | 18.9% | 12.1% | 9.9% | 8.5% | 15.7% | 16.1% | 22.0% | 28.0% | 23.6% | 17.9% | 15.1% | 6.5% | 14.6% |
| — | +94.0% | +3.8% | +5.3% | +4.7% | +0.0% | +54.6% | +113.0% | +20.8% | -24.9% | -55.0% | -69.7% | -33.6% | -10.1% | +45.4% | +328.0% | +61.3% | +41.5% | +115.7% | -23.4% | +77.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.14 | 0.09 | 0.09 | 0.13 | 0.14 | 0.14 | 0.21 | 0.21 | 0.27 | 0.29 | 0.31 | 0.33 | 0.36 | 0.38 | 0.43 | 0.36 | 0.42 | 0.44 | 0.57 | 0.45 | 0.41 |
| — | -37.5% | -56.7% | -38.2% | -48.9% | -51.0% | -33.0% | -37.1% | -24.5% | -22.9% | -26.5% | -7.5% | -14.0% | -14.4% | -25.7% | -19.4% | +0.6% | +23.4% | +50.1% | +31.9% | +23.0% | |
| Debt / EBITDA | 0.22 | 0.36 | 0.54 | 0.79 | 0.73 | 0.99 | 1.27 | 1.23 | 1.39 | 1.75 | 2.23 | 2.89 | 1.86 | 1.93 | 1.85 | 1.49 | 1.58 | 1.69 | 2.45 | 4.34 | 1.95 |
| — | -63.4% | -57.8% | -35.8% | -47.1% | -43.7% | -43.1% | -57.3% | -25.2% | -9.0% | +20.7% | +94.1% | +17.7% | +13.8% | -24.7% | -65.7% | -19.2% | -15.9% | -28.1% | +57.3% | -31.7% | |
| Current Ratio | 1.26 | 1.49 | 1.33 | 1.36 | 1.26 | 1.31 | 1.43 | 1.52 | 1.53 | 1.55 | 1.52 | 1.54 | 1.50 | 1.33 | 1.34 | 1.24 | 1.28 | 1.26 | 1.36 | 1.34 | 1.48 |
| — | +13.7% | -7.0% | -10.5% | -17.7% | -15.7% | -5.3% | -1.2% | +2.3% | +16.8% | +13.4% | +23.7% | +16.9% | +5.5% | -1.3% | -7.1% | -13.3% | -26.4% | -29.1% | -42.0% | -38.7% | |
| Quick Ratio | 0.79 | 1.01 | 0.80 | 0.78 | 0.79 | 0.70 | 0.81 | 0.91 | 0.95 | 0.84 | 0.84 | 0.88 | 0.91 | 0.81 | 0.88 | 0.81 | 0.86 | 0.82 | 0.92 | 0.89 | 1.03 |
| — | +44.9% | -1.1% | -14.1% | -16.7% | -17.0% | -2.7% | +3.2% | +4.0% | +3.1% | -4.5% | +9.4% | +6.7% | -0.7% | -4.9% | -9.5% | -17.3% | -30.0% | -30.9% | -44.8% | -39.9% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | 3200.94 | 157.61 | — | — | — | — | — | 728.40 | 126.51 | 151.85 | 52.22 | 147.78 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying ASML stock.
ASML Holding N.V.'s current P/E is 59.0x. The average P/E over the last 4 quarters is 45.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
ASML Holding N.V.'s current operating margin is 34.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking ASML Holding N.V.'s business trajectory between earnings reports.