Lam Research vs ASML Holding: Fair Value & Quality
Both stocks run through our valuation models. Here is how Lam Research (LRCX) 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: Lam Research trades at $337 versus a fair value of $91.80 (-73%), while ASML Holding trades at €1,609 versus €604 (-62%).
Lam Research
LRCX · USD · Information Technology
-73%
upside to fair value
overvalued
Price$337
Fair Value$91.80
Quality87/100
ASML Holding
ASML.AS · EUR · Information Technology
-62%
upside to fair value
overvalued
Price€1,609
Fair Value€604
Quality82/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Lam ResearchASML Holding
Valuation
62.6×P/E (TTM)60.6×
19.96×P/S (TTM)19.34×
43.89×P/B34.83×
54.8×EV/EBITDA49.9×
1.90×PEG2.19×
0.3%Dividend yield0.3%
$1.01Dividend per share€5.90
Profitability
31%Net margin30%
35%Operating margin37%
67%Return on equity54%
23%Return on assets16%
Growth
24%Revenue growth (YoY)21%
2.3%Avg. growth/yr (3Y)15.6%
12.9%Avg. growth/yr (5Y)18.5%
Balance & size
0.38×Debt / equity0.14×
$433BMarket 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.
Lam Researchof which business quality 84 · market factors 61ASML Holdingof which business quality 79 · market factors 74
ProfitabilityMargins and returns on capital today
88
81
Quality GrowthAre margins and returns improving?
81
77
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
57
42
Low VolatilityCalm price path (market factor)
0
35
MomentumPrice trend over the last 3–12 months (market factor)
87
89
52W MomentumDistance to the 52-week high (market factor)
85
94
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.
Lam Research
DCF Models$130
Earnings-Based$72.37
Dividend Discount$17.56
Multiples$82.74
Asset-Based$5.28
Growth DCF$119
Economic Profit$73.70
Growth Earnings$121
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.
Lam Research
Bear $59.77Fair Value $91.80Bull $157
$337 = current price (white tick)
ASML Holding
Bear €425Fair Value €604Bull €877
€1,609 = 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.
Lam Research · Information Technology
Quality score87 · Top 25%
Fair value upside-73% · 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: Lam Research trades at $337 versus a fair value of $91.80 (-73%), while ASML Holding trades at €1,609 versus €604 (-62%).
Lam Research has the higher quality score (87/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
