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STOCK COMPARISON

ASML Holding vs Applied Materials: Fair Value & Quality

Both stocks run through our valuation models. Here is how ASML Holding (ASML) and Applied Materials (AMAT) compare, as of Aug 14, 2026.

As of Aug 14, 2026, Fair Value Calculator sees ASML Holding as the less overvalued of the two: ASML Holding trades at €1,609 versus a fair value of €604 (-62%), while Applied Materials trades at $535 versus $183 (-66%).
ASML Holding
ASML.AS · EUR · Information Technology
-62%
upside to fair value
overvalued
Price€1,609
Fair Value€604
Quality82/100
Applied Materials
AMAT · USD · Information Technology
-66%
upside to fair value
overvalued
Price$535
Fair Value$183
Quality77/100

Head-to-head numbers

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

ASML HoldingApplied Materials
Valuation
60.6×P/E (TTM)56.2×
19.34×P/S (TTM)15.85×
34.83×P/B22.53×
49.9×EV/EBITDA49.5×
2.19×PEG1.45×
0.3%Dividend yield0.3%
€5.90Dividend per share$1.91
Profitability
30%Net margin29%
37%Operating margin32%
54%Return on equity40%
16%Return on assets15%
Growth
21%Revenue growth (YoY)11%
15.6%Avg. growth/yr (3Y)3.2%
18.5%Avg. growth/yr (5Y)10.5%
Balance & size
0.14×Debt / equity0.32×
$683BMarket cap$460B
healthyGrowth qualityhealthy

ASML Holding leads: 8 to 6 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 74 Applied Materialsof which business quality 74 · market factors 65
ProfitabilityMargins and returns on capital today
81
85
Quality GrowthAre margins and returns improving?
77
48
CashflowEarnings quality: real cash, not paper profit
86
70
Fin. StrengthBalance sheet, leverage, solvency risk
85
87
InvestmentDisciplined investing over empire-building
42
40
Low VolatilityCalm price path (market factor)
35
9
MomentumPrice trend over the last 3–12 months (market factor)
89
93
52W MomentumDistance to the 52-week high (market factor)
94
83
Net IssuanceBuybacks instead of dilution
92
100

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.

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.

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.

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.

ASML Holding
Bear €425Fair Value €604Bull €877
€1,609 = current price (white tick)
Applied Materials
Bear $104Fair Value $183Bull $247
$535 = 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.

ASML Holding · Information Technology

Quality score82 · Top 25%
Fair value upside-62% · below median

Applied Materials · Information Technology

Quality score77 · Top 25%
Fair value upside-66% · bottom 25%

Bottom line

As of Aug 14, 2026, Fair Value Calculator sees ASML Holding as the less overvalued of the two: ASML Holding trades at €1,609 versus a fair value of €604 (-62%), while Applied Materials trades at $535 versus $183 (-66%).

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

See the full analysis →
ASML Holding · Applied Materials

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