Applied Materials vs ASML Holding: Fair Value & Quality
Both stocks run through our valuation models. Here is how Applied Materials (AMAT) and ASML Holding (ASML) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees ASML Holding as the less overvalued of the two: Applied Materials trades at $535 versus a fair value of $183 (-66%), while ASML Holding trades at €1,580 versus €604 (-62%).
Applied Materials
AMAT · USD · Information Technology
-66%
upside to fair value
overvalued
Price$535
Fair Value$183
Quality77/100
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).
Applied MaterialsASML Holding
Valuation
56.2×P/E (TTM)60.6×
15.85×P/S (TTM)19.34×
22.53×P/B34.83×
49.5×EV/EBITDA49.9×
1.45×PEG2.19×
0.3%Dividend yield0.3%
$1.91Dividend per share€5.90
Profitability
29%Net margin30%
32%Operating margin37%
40%Return on equity54%
15%Return on assets16%
Growth
11%Revenue growth (YoY)21%
3.2%Avg. growth/yr (3Y)15.6%
10.5%Avg. growth/yr (5Y)18.5%
Balance & size
0.32×Debt / equity0.14×
$460BMarket cap$683B
healthyGrowth qualityhealthy
ASML Holding leads: 6 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.
Applied Materialsof which business quality 74 · market factors 65ASML Holdingof which business quality 79 · market factors 73
ProfitabilityMargins and returns on capital today
85
81
Quality GrowthAre margins and returns improving?
48
77
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
40
42
Low VolatilityCalm price path (market factor)
9
35
MomentumPrice trend over the last 3–12 months (market factor)
93
87
52W MomentumDistance to the 52-week high (market factor)
83
93
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.
Applied Materials
DCF Models$190
Earnings-Based$96.95
Dividend Discount$33.30
Multiples$174
Asset-Based$17.23
Growth DCF$168
Economic Profit$110
Growth Earnings$190
26 of 26 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.
Applied Materials
Bear $104Fair Value $183Bull $247
$535 = current price (white tick)
ASML Holding
Bear €425Fair Value €604Bull €877
€1,580 = current price (white tick)
Compare two other stocks
Tap a field and type again, ticker or company name.
Free, no sign-up
Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Applied Materials · Information Technology
Quality score77 · Top 25%
Fair value upside-66% · bottom 25%
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 ASML Holding as the less overvalued of the two: Applied Materials trades at $535 versus a fair value of $183 (-66%), while ASML Holding trades at €1,580 versus €604 (-62%).
ASML Holding has the higher quality score (82/100).
Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.
A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
