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STOCK COMPARISON

ASM Pacific vs ASML: Fair Value & Quality

Both stocks run through our valuation models. Here is how ASM Pacific (0522) and ASML (ASML) compare, as of Nov 4, 2026.

As of Nov 4, 2026, Fair Value Calculator sees ASML as the more attractively valued of the two: ASM Pacific trades at HK$113 versus a fair value of HK$26.01 (−76.9%), while ASML trades at €1,338 versus €1,345 (+0.6%). The fair value of ASM Pacific carries the note "Extreme value": read it with caution.
ASM Pacific
0522.HK · HKD · Information Technology
−76.9%
upside to fair value
overvalued
Extreme value
PriceHK$113
Fair ValueHK$26.01
Quality53/100
Fair ValueQualityUptrend
ASML
ASML.AS · EUR · Information Technology
+0.6%
upside to fair value
fairly valued
Price€1,338
Fair Value€1,345
Quality83/100
Fair ValueQualityUptrend
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

ASM PacificASML
Valuation
27.9×P/E (TTM)38.2×
100.5×P/E ex one-offs (FY2025)54.1×
18.8×Forward P/E (FY2027)23.9×
24.4×Median P/E at FY-end (10 FY, ex one-offs where documented)35.5×
2.62×P/S (TTM)14.32×
2.77×P/B28.81×
16.9×EV/EBITDA34.3×
0.67×PEG1.57×
−76.9%Fair value upside+0.6%
1.6%Dividend yield0.6%
HK$1.76Dividend per share€8.06
Profitability
15.8%Operating margin44.4%
0.65×EBIT margin trend (5Y)1.19×
9.3%Return on equity65.6%
3.5%Return on assets19.0%
Growth
43.3%Revenue growth (YoY)55.2%
-10.8%Avg. growth/yr (3Y)15.6%
-1.3%Avg. growth/yr (5Y)18.5%
−9.8%Value creation/yr+24.5%
Balance & size
4.2×Interest coverage (EBIT/interest)95.5×
0.13×Debt / equity0.14×
$6BMarket cap$565B
weakGrowth qualityhealthy
The P/E excluding one-off items is scored: for at least one of the two companies, special items (write-downs, restructuring, litigation) move the reported P/E by 15 % or more. The trailing P/E is shown for reference.
ASM Pacific, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 24.4. ASML, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 35.5.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

ASML leads: 6 to 10 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

ASM Pacific ASML
ProfitabilityHow much profit the company makes from its sales and capital
34
81
Quality GrowthAre margins and returns getting better?
39
77
CashflowDo the profits arrive as real cash?
8
86
Financial strengthDebt, balance sheet and risk of trouble
75
85
InvestmentDoes it invest with discipline instead of growing at any price?
90
42
Low VolatilityHow calm the share price moves, does not count
16
38
Price momentumPrice momentum of the last 3 to 12 months, does not count
37
60
Near the 52-week highDistance to the 52-week high, does not count
43
75
New sharesBuys back shares or issues new ones?
79
89

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyASM PacificPrice HK$113ASMLPrice €1,338
DCF Models−83.6%below the priceHK$18.51−41.9%below the price€777
Earnings-Based−87.4%below the priceHK$14.16−70.7%below the price€392
Dividend Discount−93.7%below the priceHK$7.10−91.5%below the price€114
Multiples−56.0%below the priceHK$49.50−61.6%below the price€513
Asset-Based−82.3%below the priceHK$19.96−98.1%below the price€25.18
Growth DCFn/a−47.8%below the price€698
Economic Profit−79.5%below the priceHK$23.09−78.5%below the price€287
Growth Earnings−55.7%below the priceHK$49.88−49.7%below the price€673
Matching families7 of 8
Minimum−93.7%below the priceHK$7.10−98.1%below the price€25.18
Maximum−55.7%below the priceHK$49.88−41.9%below the price€777
Median−82.3%below the priceHK$19.96−70.7%below the price€392
Geometric mean−80.9%below the priceHK$21.49−80.4%below the price€263
Ahead family by family2 of 75 of 7

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 7 of 8), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: ASML is ahead in 5 of 7 shared families, ASM Pacific in 2.

ASM Pacific: 17 of 17 models see the stock below the current price.

ASML: 26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

ASM Pacific
Price HK$113
Fair Value HK$26.01
Bear HK$19.52Bull HK$32.51
ASML
Price €1,338
Fair Value €1,345
Bear €861Bull €1,749

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

ASM Pacific · Information Technology

Quality score53 · below median
Fair value upside−76.9% · bottom 25%

ASML · Information Technology

Quality score83 · Top 25%
Fair value upside+0.6% · above median

Bottom line

As of Nov 4, 2026, Fair Value Calculator sees ASML as the more attractively valued of the two: ASM Pacific trades at HK$113 versus a fair value of HK$26.01 (−76.9%), while ASML trades at €1,338 versus €1,345 (+0.6%). The fair value of ASM Pacific carries the note "Extreme value": read it with caution.

ASML has the higher quality score (83/100).

Open ASML live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.