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STOCK COMPARISON

Kec vs ASML Holding: Fair Value & Quality

Both stocks run through our valuation models. Here is how Kec (092220) and ASML Holding (ASML) compare, as of Oct 5, 2026.

As of Oct 5, 2026, Fair Value Calculator sees ASML Holding as the less overvalued of the two: Kec trades at KRW 3,215 versus a fair value of KRW 1,591 (−50.5%), while ASML Holding trades at €1,653 versus €1,350 (−18.4%).
Kec
092220.KO · KRW · Information Technology
−50.5%
upside to fair value
overvalued
PriceKRW 3,215
Fair ValueKRW 1,591
Quality37/100
ASML Holding
ASML.AS · EUR · Information Technology
−18.4%
upside to fair value
overvalued
Price€1,653
Fair Value€1,350
Quality82/100
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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

KecASML Holding
Valuation
n/aP/E (TTM)64.9×
n/aForward P/E (FY2027)32.0×
n/aMedian P/E at FY-end (10 FY, ex one-offs where documented)35.5×
n/aP/S (TTM)18.05×
n/aP/B32.51×
n/aEV/EBITDA46.5×
n/aPEG1.57×
−50.5%Fair value upside−18.4%
3.1%Dividend yield0.4%
n/aDividend per share€6.56
Profitability
-4.8%Operating margin37.1%
n/aEBIT margin trend (5Y)1.19×
-8.6%Return on equity53.9%
-3.0%Return on assets16.5%
Growth
13.5%Revenue growth (YoY)21.3%
-3.6%Avg. growth/yr (3Y)15.6%
2.7%Avg. growth/yr (5Y)18.5%
n/aValue creation/yr+24.3%
Balance & size
n/aInterest coverage (EBIT/interest)95.5×
0.02×Debt / equity0.14×
$96MMarket cap$718B
weakGrowth qualityhealthy
ASML Holding, 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 Holding leads: 2 to 6 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.

Kecof which business quality 36 · market factors 65 ASML Holdingof which business quality 79 · market factors 72
ProfitabilityMargins and returns on capital today
8
81
Quality GrowthAre margins and returns improving?
17
77
CashflowEarnings quality: real cash, not paper profit
9
86
Fin. StrengthBalance sheet, leverage, solvency risk
50
85
InvestmentDisciplined investing over empire-building
61
42
Low VolatilityCalm price path (market factor)
50
36
MomentumPrice trend over the last 3–12 months (market factor)
76
82
52W MomentumDistance to the 52-week high (market factor)
65
96
Net IssuanceShare count: buybacks or dilution?
100
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 familyKecPrice KRW 3,215ASML HoldingPrice €1,653
DCF Modelsn/a−50.2%below the price€824
Earnings-Basedn/a−76.2%below the price€393
Dividend Discount−75.9%below the priceKRW 776−92.3%below the price€127
Multiplesn/a−68.9%below the price€515
Asset-Based+69.2%above the priceKRW 5,440−97.9%below the price€34.21
Growth DCFn/a−54.0%below the price€761
Economic Profitn/a−81.2%below the price€310
Growth Earningsn/a−59.2%below the price€675
Minimum−75.9%below the priceKRW 776−97.9%below the price€34.21
Maximum+69.2%above the priceKRW 5,440−50.2%below the price€824
Median−3.3%close to the priceKRW 3,108−72.5%below the price€454
Geometric mean−36.1%below the priceKRW 2,054−80.5%below the price€322

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Kec: 2 of 3 models see the stock below the current price.

ASML Holding: 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.

Kec
Price KRW 3,215
Fair Value KRW 1,591
Bear KRW 1,482Bull KRW 1,753
ASML Holding
Price €1,653
Fair Value €1,350
Bear €856Bull €1,755

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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.

Kec · Information Technology

Quality score37 · bottom 25%
Fair value upside−50.5% · below median

ASML Holding · Information Technology

Quality score82 · Top 25%
Fair value upside−18.4% · above median

Bottom line

As of Oct 5, 2026, Fair Value Calculator sees ASML Holding as the less overvalued of the two: Kec trades at KRW 3,215 versus a fair value of KRW 1,591 (−50.5%), while ASML Holding trades at €1,653 versus €1,350 (−18.4%).

ASML Holding has the higher quality score (82/100).

Open ASML Holding live analysis →

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