Both stocks run through our valuation models. Here is how Taiwan Mask (2338) and ASML Holding (ASML) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees Taiwan Mask as the less overvalued of the two: Taiwan Mask trades at TWD 39.65 versus a fair value of TWD 28.51 (-28%), while ASML Holding trades at €1,580 versus €604 (-62%).
Taiwan Mask
2338.TW · TWD · Information Technology
-28%
upside to fair value
overvalued
PriceTWD 39.65
Fair ValueTWD 28.51
Quality27/100
ASML Holding
ASML.AS · EUR · Information Technology
-62%
upside to fair value
overvalued
Price€1,580
Fair Value€604
Quality82/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Taiwan MaskASML Holding
Valuation
—P/E (TTM)60.6×
0.07×P/S (TTM)19.34×
0.10×P/B34.83×
3.8×EV/EBITDA49.9×
—PEG2.19×
—Dividend yield0.3%
—Dividend per share€5.90
Profitability
-13%Net margin30%
1%Operating margin37%
-20%Return on equity54%
-1%Return on assets16%
Growth
-6%Revenue growth (YoY)21%
-7.9%Avg. growth/yr (3Y)15.6%
5.3%Avg. growth/yr (5Y)18.5%
Balance & size
1.01×Debt / equity0.14×
$441MMarket cap$683B
expensiveGrowth qualityhealthy
ASML Holding leads: 3 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.
Taiwan Maskof which business quality 29 · market factors 39ASML Holdingof which business quality 79 · market factors 73
ProfitabilityMargins and returns on capital today
4
81
Quality GrowthAre margins and returns improving?
9
77
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
67
42
Low VolatilityCalm price path (market factor)
22
35
MomentumPrice trend over the last 3–12 months (market factor)
47
87
52W MomentumDistance to the 52-week high (market factor)
45
93
Net IssuanceBuybacks instead of dilution
32
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.
Taiwan Mask
DCF ModelsTWD 43.45
MultiplesTWD 36.10
Asset-BasedTWD 8.77
Growth DCFTWD 41.59
5 of 10 models see the stock below the current price.
ASML Holding
DCF Models€822
Earnings-Based€393
Dividend Discount€127
Multiples€515
Asset-Based€34.21
Growth DCF€756
Economic Profit€376
Growth Earnings€675
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.
Taiwan Mask
Bear TWD 9.84Fair Value TWD 28.51Bull TWD 47.15
TWD 39.65 = current price (white tick)
ASML Holding
Bear €425Fair Value €604Bull €877
€1,580 = 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.
Taiwan Mask · Information Technology
Quality score27 · bottom 25%
Fair value upside-28% · below median
ASML Holding · Information Technology
Quality score82 · Top 25%
Fair value upside-62% · below median
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees Taiwan Mask as the less overvalued of the two: Taiwan Mask trades at TWD 39.65 versus a fair value of TWD 28.51 (-28%), while ASML Holding trades at €1,580 versus €604 (-62%).
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.
