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STOCK COMPARISON

ASML Holding vs Nova: Fair Value & Quality

Both stocks run through our valuation models. Here is how ASML Holding (ASML) and Nova (NVMI) compare, as of Sep 22, 2026.

As of Sep 22, 2026, Fair Value Calculator sees ASML Holding as the less overvalued of the two: ASML Holding trades at €1,481 versus a fair value of €1,350 (-9%), while Nova trades at $356 versus $277 (-22%).
ASML Holding
ASML.AS · EUR · Information Technology
-9%
upside to fair value
fairly valued
Price€1,481
Fair Value€1,350
Quality82/100
Nova
NVMI · USD · Information Technology
-22%
upside to fair value
overvalued
Price$356
Fair Value$277
Quality63/100
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Head-to-head numbers

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

ASML HoldingNova
Valuation
60.6×P/E (TTM)55.0×
19.41×P/S (TTM)15.42×
34.97×P/B10.55×
50.1×EV/EBITDA50.8×
2.19×PEG1.46×
−8.9%Fair value upside−22.2%
0.4%Dividend yield
€6.56Dividend per share
Profitability
37%Operating margin30%
1.19×EBIT margin trend (5Y)1.40×
54%Return on equity22%
16%Return on assets8%
Growth
21%Revenue growth (YoY)10%
15.6%Avg. growth/yr (3Y)15.6%
18.5%Avg. growth/yr (5Y)26.7%
+24.3%Value creation/yr+36.3%
Balance & size
95.5×Interest coverage (EBIT/interest)109.4×
0.14×Debt / equity0.56×
$686BMarket cap$14B
healthyGrowth qualityhealthy

Nova 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.

ASML Holdingof which business quality 79 · market factors 65 Novaof which business quality 63 · market factors 23
ProfitabilityMargins and returns on capital today
81
60
Quality GrowthAre margins and returns improving?
77
48
CashflowEarnings quality: real cash, not paper profit
86
78
Fin. StrengthBalance sheet, leverage, solvency risk
85
76
InvestmentDisciplined investing over empire-building
42
31
Low VolatilityCalm price path (market factor)
35
3
MomentumPrice trend over the last 3–12 months (market factor)
70
24
52W MomentumDistance to the 52-week high (market factor)
89
44
Net IssuanceShare count: buybacks or dilution?
92
67

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 familyASML HoldingPrice €1,481NovaPrice $356
DCF Models-45%below the price€822-42%below the price$205
Earnings-Based-73%below the price€393-56%below the price$158
Dividend Discount-91%below the price€127n/a
Multiples-65%below the price€515-61%below the price$140
Asset-Based-98%below the price€34.21-92%below the price$27.77
Growth DCF-49%below the price€756-53%below the price$166
Economic Profit-75%below the price€376-79%below the price$75.64
Growth Earnings-54%below the price€675-30%below the price$250
Minimum-98%below the price€34.21-92%below the price$27.77
Maximum-45%below the price€822-30%below the price$250
Median-69%below the price€454-56%below the price$158
Geometric mean-78%below the price€329-66%below the price$122

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%.

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

Nova: 23 of 24 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.

ASML Holding
Price €1,481
Fair Value €1,350
Bear €849Bull €2,662
Nova
Price $356
Fair Value $277
Bear $161Bull $476

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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.

ASML Holding · Information Technology

Quality score82 · Top 25%
Fair value upside-9% · above median

Nova · Information Technology

Quality score63 · above median
Fair value upside-22% · below median

Bottom line

As of Sep 22, 2026, Fair Value Calculator sees ASML Holding as the less overvalued of the two: ASML Holding trades at €1,481 versus a fair value of €1,350 (-9%), while Nova trades at $356 versus $277 (-22%).

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

See the full analysis →

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