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STOCK COMPARISON

Axcelis Technologies vs ASML Holding: Fair Value & Quality

Both stocks run through our valuation models. Here is how Axcelis Technologies (ACLS) and ASML Holding (ASML) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Axcelis Technologies as the less overvalued of the two: Axcelis Technologies trades at $140 versus a fair value of $56.78 (-60%), while ASML Holding trades at €1,499 versus €444 (-70%).
Axcelis Technologies
ACLS · USD · Information Technology
-60%
upside to fair value
overvalued
Price$140
Fair Value$56.78
Quality60/100
ASML Holding
ASML.AS · EUR · Information Technology
-70%
upside to fair value
overvalued
Price€1,499
Fair Value€444
Quality82/100

Head-to-head numbers

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

Axcelis TechnologiesASML Holding
Valuation
44.4×P/E (TTM)60.6×
5.21×P/S (TTM)19.31×
4.26×P/B34.78×
39.8×EV/EBITDA49.8×
1.45×PEG2.19×
Dividend yield0.3%
Dividend per share€5.90
Profitability
12%Net margin30%
4%Operating margin37%
10%Return on equity54%
5%Return on assets16%
Growth
3%Revenue growth (YoY)21%
-3.0%Avg. growth/yr (3Y)15.6%
12.1%Avg. growth/yr (5Y)18.5%
Balance & size
0.05×Debt / equity0.14×
$4BMarket cap$682B
mixedGrowth qualityhealthy

ASML Holding leads: 6 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.

Axcelis Technologiesof which business quality 62 · market factors 58 ASML Holdingof which business quality 79 · market factors 70
ProfitabilityMargins and returns on capital today
52
81
Quality GrowthAre margins and returns improving?
11
77
CashflowEarnings quality: real cash, not paper profit
60
86
Fin. StrengthBalance sheet, leverage, solvency risk
87
85
InvestmentDisciplined investing over empire-building
57
42
Low VolatilityCalm price path (market factor)
0
35
MomentumPrice trend over the last 3–12 months (market factor)
84
81
52W MomentumDistance to the 52-week high (market factor)
79
90
Net IssuanceBuybacks instead of dilution
100
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.

Axcelis Technologies

DCF Models$66.74
Earnings-Based$35.18
Multiples$66.51
Asset-Based$22.56
Growth DCF$63.27
Economic Profit$38.09
Growth Earnings$59.87

24 of 24 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.

Axcelis Technologies
Bear $37.26Fair Value $56.78Bull $83.13
$140 = current price (white tick)
ASML Holding
Bear €339Fair Value €444Bull €740
€1,499 = 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.

Axcelis Technologies · Information Technology

Quality score60 · above median
Fair value upside-60% · below median

ASML Holding · Information Technology

Quality score82 · Top 25%
Fair value upside-70% · bottom 25%

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Axcelis Technologies as the less overvalued of the two: Axcelis Technologies trades at $140 versus a fair value of $56.78 (-60%), while ASML Holding trades at €1,499 versus €444 (-70%).

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

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.