Niching Industrial vs ASML Holding: Fair Value & Quality
Both stocks run through our valuation models. Here is how Niching Industrial (3444) and ASML Holding (ASML) compare, as of Aug 11, 2026.
As of Aug 11, 2026, Fair Value Calculator sees Niching Industrial as the less overvalued of the two: Niching Industrial trades at TWD 74.00 versus a fair value of TWD 36.49 (-51%), while ASML Holding trades at €1,514 versus €444 (-71%).
Niching Industrial
3444.TWO · TWD · Information Technology
-51%
upside to fair value
overvalued
PriceTWD 74.00
Fair ValueTWD 36.49
Quality63/100
ASML Holding
ASML.AS · EUR · Information Technology
-71%
upside to fair value
overvalued
Price€1,514
Fair Value€444
Quality82/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Niching IndustrialASML Holding
Valuation
34.8×P/E (TTM)60.6×
2.60×P/S (TTM)19.31×
3.11×P/B34.78×
37.1×EV/EBITDA49.8×
—PEG2.19×
2.3%Dividend yield0.3%
TWD 1.80Dividend per share€5.90
Profitability
6%Net margin30%
4%Operating margin37%
8%Return on equity54%
3%Return on assets16%
Growth
5%Revenue growth (YoY)21%
6.3%Avg. growth/yr (3Y)15.6%
5.7%Avg. growth/yr (5Y)18.5%
Balance & size
—Debt / equity0.14×
$104MMarket cap$682B
healthyGrowth qualityhealthy
ASML Holding leads: 5 to 7 metric wins.
Dash = 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.
Niching Industrialof which business quality 64 · market factors 54ASML Holdingof which business quality 79 · market factors 70
ProfitabilityMargins and returns on capital today
44
81
Quality GrowthAre margins and returns improving?
41
77
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
88
42
Low VolatilityCalm price path (market factor)
51
35
MomentumPrice trend over the last 3–12 months (market factor)
55
81
52W MomentumDistance to the 52-week high (market factor)
55
90
Net IssuanceBuybacks instead of dilution
58
92
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Niching Industrial
DCF ModelsTWD 46.96
Earnings-BasedTWD 20.65
Dividend DiscountTWD 32.52
MultiplesTWD 37.38
Asset-BasedTWD 16.07
Growth DCFTWD 44.94
Economic ProfitTWD 23.49
Growth EarningsTWD 39.80
26 of 26 models see the stock below the current price.
ASML Holding
DCF Models€708
Earnings-Based€393
Dividend Discount€127
Multiples€342
Asset-Based€34.21
Growth DCF€664
Economic Profit€376
Growth Earnings€570
26 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Niching Industrial
Bear TWD 28.84Fair Value TWD 36.49Bull TWD 45.62
TWD 74.00 = current price (white tick)
ASML Holding
Bear €339Fair Value €444Bull €740
€1,514 = current price (white tick)
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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.
Niching Industrial · Information Technology
Quality score63 · above median
Fair value upside-51% · below median
ASML Holding · Information Technology
Quality score82 · Top 25%
Fair value upside-71% · bottom 25%
Bottom line
As of Aug 11, 2026, Fair Value Calculator sees Niching Industrial as the less overvalued of the two: Niching Industrial trades at TWD 74.00 versus a fair value of TWD 36.49 (-51%), while ASML Holding trades at €1,514 versus €444 (-71%).
ASML Holding has the higher quality score (82/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
