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ASML Holding NV (WAR:ASML) Cyclically Adjusted Book per Share : zł139.66 (As of Mar. 2025)


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What is ASML Holding NV Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

ASML Holding NV's adjusted book value per share for the three months ended in Mar. 2025 was zł174.114. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is zł139.66 for the trailing ten years ended in Mar. 2025.

During the past 12 months, ASML Holding NV's average Cyclically Adjusted Book Growth Rate was 10.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 13.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of ASML Holding NV was 15.80% per year. The lowest was 7.30% per year. And the median was 13.40% per year.

As of today (2025-07-08), ASML Holding NV's current stock price is zł2856.00. ASML Holding NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was zł139.66. ASML Holding NV's Cyclically Adjusted PB Ratio of today is 20.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ASML Holding NV was 33.05. The lowest was 6.70. And the median was 15.22.


ASML Holding NV Cyclically Adjusted Book per Share Historical Data

The historical data trend for ASML Holding NV's Cyclically Adjusted Book per Share 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 Book per Share Chart

ASML Holding NV Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 125.36 138.04

ASML Holding NV Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share 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 128.65 115.88 133.03 138.04 139.66

Competitive Comparison of ASML Holding NV's Cyclically Adjusted Book per Share

For the Semiconductor Equipment & Materials subindustry, ASML Holding NV's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 PB Ratio Distribution in the Semiconductors Industry

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

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


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ASML Holding NV Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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.

For example, ASML Holding NV's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=174.114/133.3300*133.3300
=174.114

Current CPI (Mar. 2025) = 133.3300.

ASML Holding NV Quarterly Data

Book Value per Share CPI Adj_Book
201506 75.090 100.230 99.888
201509 76.809 100.500 101.900
201512 77.261 99.730 103.291
201603 78.940 100.310 104.925
201606 78.170 100.260 103.954
201609 80.415 100.570 106.610
201612 87.186 100.710 115.426
201703 92.158 101.440 121.130
201706 94.744 101.370 124.615
201709 104.412 102.030 136.443
201712 107.975 101.970 141.182
201803 115.706 102.470 150.552
201806 107.565 103.100 139.104
201809 110.733 103.950 142.030
201812 113.802 103.970 145.938
201903 114.939 105.370 145.438
201906 112.090 105.840 141.203
201909 114.226 106.700 142.734
201912 120.598 106.800 150.556
202003 119.758 106.850 149.437
202006 123.691 107.510 153.397
202009 139.625 107.880 172.564
202012 146.543 107.850 181.164
202103 142.031 108.870 173.941
202106 128.663 109.670 156.421
202109 118.470 110.790 142.572
202112 102.986 114.010 120.438
202203 87.906 119.460 98.112
202206 73.657 119.050 82.492
202209 70.698 126.890 74.286
202212 85.592 124.940 91.340
202303 96.086 124.720 102.719
202306 105.683 125.830 111.982
202309 117.394 127.160 123.090
202312 134.929 126.450 142.270
202403 137.905 128.580 142.999
202406 145.731 129.910 149.568
202409 164.972 131.610 167.128
202412 178.012 131.630 180.311
202503 174.114 133.330 174.114

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


ASML Holding NV  (WAR:ASML) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

ASML Holding NV's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2856.00/139.66
=20.45

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ASML Holding NV was 33.05. The lowest was 6.70. And the median was 15.22.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


ASML Holding NV Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of ASML Holding NV's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


ASML Holding NV Business Description

Industry
Address
De Run 6501, Veldhoven, NB, NLD, 5504 DR
ASML is the leader in photolithography systems used in manufacturing 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.