ASML HOLDING NV (ASML)

Special Industry Machinery, NEC

Latest Price

$1629.00

TTM P/E

65.87

Normalized P/E

65.87

Div Yield

0.10%

Book Value

P/B Ratio

Valuation metrics

EPS: $24.71

Book value / share: $50.89

Formula: √(22.5 × EPS × BVPS)

Graham Number

$168.20

90% downside

Norm. op. income: $6.8B (median of 7yr)

Tax rate: 15%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$174.94

89% downside

Base FCF: $9.1B (median of recent 5yr)

Growth: 23%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$1,593.34

2% downside

EPS: $24.71

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$370.65

77% downside