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ASML Holding NV (ASML Holding NV) Cyclically Adjusted PS Ratio : 22.76 (As of Apr. 28, 2024)


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What is ASML Holding NV Cyclically Adjusted PS Ratio?

As of today (2024-04-28), ASML Holding NV's current share price is $918.97. ASML Holding NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $40.37. ASML Holding NV's Cyclically Adjusted PS Ratio for today is 22.76.

The historical rank and industry rank for ASML Holding NV's Cyclically Adjusted PS Ratio or its related term are showing as below:

ASML' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.3   Med: 11.23   Max: 34.15
Current: 23.14

During the past years, ASML Holding NV's highest Cyclically Adjusted PS Ratio was 34.15. The lowest was 5.30. And the median was 11.23.

ASML's Cyclically Adjusted PS Ratio is ranked worse than
96.58% of 672 companies
in the Semiconductors industry
Industry Median: 2.24 vs ASML: 23.14

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

ASML Holding NV's adjusted revenue per share data for the three months ended in Mar. 2024 was $14.605. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $40.37 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASML Holding NV Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ASML Holding NV's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ASML Holding NV Cyclically Adjusted PS Ratio Chart

ASML Holding NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.36 19.57 29.37 16.60 18.85

ASML Holding NV Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.71 19.85 15.94 18.85 24.04

Competitive Comparison of ASML Holding NV's Cyclically Adjusted PS Ratio

For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ASML Holding NV's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, ASML Holding NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ASML Holding NV's Cyclically Adjusted PS Ratio falls into.



ASML Holding NV Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

ASML Holding NV's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=918.97/40.37
=22.76

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ASML Holding NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, ASML Holding NV's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=14.605/126.4000*126.4000
=14.605

Current CPI (Mar. 2024) = 126.4000.

ASML Holding NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.057 99.240 6.441
201409 3.881 99.960 4.908
201412 4.230 99.050 5.398
201503 4.102 99.750 5.198
201506 4.280 100.230 5.398
201509 4.022 100.500 5.059
201512 3.639 99.730 4.612
201603 3.460 100.310 4.360
201606 4.583 100.260 5.778
201609 4.783 100.570 6.011
201612 4.688 100.710 5.884
201703 4.809 101.440 5.992
201706 5.461 101.370 6.809
201709 6.752 102.030 8.365
201712 6.797 101.970 8.425
201803 6.569 102.470 8.103
201806 7.487 103.100 9.179
201809 7.606 103.950 9.249
201812 8.440 103.970 10.261
201903 5.962 105.370 7.152
201906 6.879 105.840 8.215
201909 7.800 106.700 9.240
201912 10.650 106.800 12.604
202003 6.426 106.850 7.602
202006 8.938 107.510 10.508
202009 11.121 107.880 13.030
202012 12.369 107.850 14.496
202103 12.494 108.870 14.506
202106 11.756 109.670 13.549
202109 15.091 110.790 17.217
202112 13.910 114.010 15.422
202203 9.695 119.460 10.258
202206 14.402 119.050 15.291
202209 14.425 126.890 14.369
202212 17.363 124.940 17.566
202303 18.295 124.720 18.541
202306 18.980 125.830 19.066
202309 18.089 127.160 17.981
202312 20.010 126.400 20.010
202403 14.605 126.400 14.605

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


ASML Holding NV  (NAS:ASML) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


ASML Holding NV Cyclically Adjusted PS Ratio Related Terms

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ASML Holding NV (ASML Holding NV) Business Description

Industry
Address
De Run 6501, Veldhoven, NB, NLD, 5504 DR
ASML is the leader in photolithography systems used in the manufacturing of semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photo mask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML's main clients are TSMC, Samsung, and Intel.