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STOCK COMPARISON

Onto Innovation vs ASML Holding: Fair Value & Quality

Both stocks run through our valuation models. Here is how Onto Innovation (ONTO) and ASML Holding (ASML) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees ASML Holding as the less overvalued of the two: Onto Innovation trades at $269 versus a fair value of $54.71 (-80%), while ASML Holding trades at €1,494 versus €444 (-70%).
Onto Innovation
ONTO · USD · Information Technology
-80%
upside to fair value
overvalued
Price$269
Fair Value$54.71
Quality62/100
ASML Holding
ASML.AS · EUR · Information Technology
-70%
upside to fair value
overvalued
Price€1,494
Fair Value€444
Quality79/100

Head-to-head numbers

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

Onto InnovationASML Holding
Valuation
130.2×P/E (TTM)60.6×
13.51×P/S (TTM)19.27×
6.63×P/B34.71×
50.9×EV/EBITDA49.7×
1.30×PEG2.19×
—Dividend yield0.3%
—Dividend per share€5.90
Profitability
10%Net margin30%
17%Operating margin37%
5%Return on equity54%
5%Return on assets16%
Growth
10%Revenue growth (YoY)21%
0.0%Avg. growth/yr (3Y)15.6%
12.6%Avg. growth/yr (5Y)18.5%
Balance & size
0.00×Debt / equity0.14×
$14BMarket cap$681B
healthyGrowth qualityhealthy

ASML Holding leads: 4 to 9 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.

Onto Innovationof which business quality 69 · market factors 56 ASML Holdingof which business quality 79 · market factors 70
ProfitabilityMargins and returns on capital today
40
81
Quality GrowthAre margins and returns improving?
22
77
CashflowEarnings quality: real cash, not paper profit
99
86
Fin. StrengthBalance sheet, leverage, solvency risk
90
85
InvestmentDisciplined investing over empire-building
66
42
Low VolatilityCalm price path (market factor)
10
35
MomentumPrice trend over the last 3–12 months (market factor)
72
82
52W MomentumDistance to the 52-week high (market factor)
80
89
Net IssuanceBuybacks instead of dilution
87
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.

Onto Innovation

DCF Models$95.16
Earnings-Based$38.63
Multiples$50.83
Asset-Based$28.29
Growth DCF$114
Economic Profit$32.94
Growth Earnings$55.99

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.

Onto Innovation
Bear $41.24Fair Value $54.71Bull $66.73
$269 = current price (white tick)
ASML Holding
Bear €339Fair Value €444Bull €740
€1,494 = 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.

Onto Innovation · Information Technology

Quality score62 · Top 25%
Fair value upside-80% · bottom 25%

ASML Holding · Information Technology

Quality score79 · Top 25%
Fair value upside-70% · bottom 25%

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees ASML Holding as the less overvalued of the two: Onto Innovation trades at $269 versus a fair value of $54.71 (-80%), while ASML Holding trades at €1,494 versus €444 (-70%).

ASML Holding has the higher quality score (79/100).

See the full analysis →
Onto Innovation · ASML Holding

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