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STOCK COMPARISON

ACM Research Shanghai vs ASML Holding: Fair Value & Quality

Both stocks run through our valuation models. Here is how ACM Research Shanghai (688082) and ASML Holding (ASML) compare, as of Sep 2, 2026.

As of Sep 2, 2026, Fair Value Calculator sees ASML Holding as the less overvalued of the two: ACM Research Shanghai trades at ¥285 versus a fair value of ¥57.62 (-80%), while ASML Holding trades at €1,435 versus €604 (-58%).
ACM Research Shanghai
688082.SHG · CNY · Information Technology
-80%
upside to fair value
overvalued
Price¥285
Fair Value¥57.62
Quality46/100
ASML Holding
ASML.AS · EUR · Information Technology
-58%
upside to fair value
overvalued
Price€1,435
Fair Value€604
Quality82/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

ACM Research ShanghaiASML Holding
Valuation
110.1×P/E (TTM)60.6×
20.85×P/S (TTM)19.37×
10.77×P/B34.90×
EV/EBITDA50.0×
PEG2.19×
−79.8%Fair value upside−57.9%
0.2%Dividend yield0.5%
¥0.62Dividend per share€6.56
Profitability
15%Operating margin37%
EBIT margin trend (5Y)1.19×
12%Return on equity54%
5%Return on assets16%
Growth
13%Revenue growth (YoY)21%
33.2%Avg. growth/yr (3Y)15.6%
46.4%Avg. growth/yr (5Y)18.5%
+39.8%Value creation/yr+24.4%
Balance & size
29.5×Interest coverage (EBIT/interest)95.5×
0.08×Debt / equity0.14×
$22BMarket cap$684B
expensiveGrowth qualityhealthy

ASML Holding leads: 5 to 8 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.

ACM Research Shanghaiof which business quality 46 · market factors 76 ASML Holdingof which business quality 79 · market factors 63
ProfitabilityMargins and returns on capital today
46
81
Quality GrowthAre margins and returns improving?
36
77
CashflowEarnings quality: real cash, not paper profit
8
86
Fin. StrengthBalance sheet, leverage, solvency risk
96
85
InvestmentDisciplined investing over empire-building
23
42
Low VolatilityCalm price path (market factor)
45
35
MomentumPrice trend over the last 3–12 months (market factor)
97
69
52W MomentumDistance to the 52-week high (market factor)
75
87
Net IssuanceBuybacks instead of dilution
60
92

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 familyACM Research ShanghaiPrice ¥285ASML HoldingPrice €1,435
DCF Models-70%below the price¥84.48-43%below the price€822
Earnings-Based-64%below the price¥101-73%below the price€393
Dividend Discount-96%below the price¥10.51-91%below the price€127
Multiples-81%below the price¥54.28-64%below the price€515
Asset-Based-93%below the price¥18.70-98%below the price€34.21
Growth DCFn/a-47%below the price€756
Economic Profit-88%below the price¥35.07-74%below the price€376
Growth Earnings-49%below the price¥146-53%below the price€675
Minimum-96%below the price¥10.51-98%below the price€34.21
Maximum-49%below the price¥146-43%below the price€822
Median-81%below the price¥54.28-68%below the price€454
Geometric mean-84%below the price¥46.47-77%below the price€329

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%.

ACM Research Shanghai: 17 of 17 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 case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

ACM Research Shanghai
Bear ¥29.75Fair Value ¥57.62Bull ¥70.53
¥285 = current price (white tick)
ASML Holding
Bear €425Fair Value €604Bull €877
€1,435 = 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.

ACM Research Shanghai · Information Technology

Quality score46 · below median
Fair value upside-80% · bottom 25%

ASML Holding · Information Technology

Quality score82 · Top 25%
Fair value upside-58% · below median

Bottom line

As of Sep 2, 2026, Fair Value Calculator sees ASML Holding as the less overvalued of the two: ACM Research Shanghai trades at ¥285 versus a fair value of ¥57.62 (-80%), while ASML Holding trades at €1,435 versus €604 (-58%).

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

See the full 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.