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ASML Holding NV (WAR:ASML) Cyclically Adjusted PB Ratio : 20.45 (As of Jul. 09, 2025)


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What is ASML Holding NV Cyclically Adjusted PB Ratio?

As of today (2025-07-09), ASML Holding NV's current share 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 for today is 20.45.

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

WAR:ASML' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.7   Med: 15.22   Max: 33.05
Current: 20.77

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

WAR:ASML's Cyclically Adjusted PB Ratio is ranked worse than
96.48% of 710 companies
in the Semiconductors industry
Industry Median: 2.08 vs WAR:ASML: 20.77

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 adjusted book value per share data for the three months ended in Mar. 2025 was zł174.550. 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.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASML Holding NV Cyclically Adjusted PB Ratio Historical Data

The historical data trend for ASML Holding NV's Cyclically Adjusted PB 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 PB Ratio Chart

ASML Holding NV Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.48 28.82 18.46 23.70 21.35

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 PB 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 30.14 31.80 23.90 21.35 18.54

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

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 PB Ratio Calculation

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

ASML Holding NV's Cyclically Adjusted PB Ratio for 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.

ASML Holding NV's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

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)
=174.55/133.3300*133.3300
=174.550

Current CPI (Mar. 2025) = 133.3300.

ASML Holding NV Quarterly Data

Book Value per Share CPI Adj_Book
201506 75.278 100.230 100.138
201509 77.002 100.500 102.156
201512 77.455 99.730 103.550
201603 79.138 100.310 105.189
201606 78.366 100.260 104.214
201609 80.617 100.570 106.877
201612 87.404 100.710 115.714
201703 92.389 101.440 121.434
201706 94.981 101.370 124.927
201709 104.673 102.030 136.784
201712 108.245 101.970 141.535
201803 115.996 102.470 150.930
201806 107.834 103.100 139.452
201809 111.011 103.950 142.387
201812 114.088 103.970 146.305
201903 115.227 105.370 145.803
201906 112.371 105.840 141.557
201909 114.512 106.700 143.092
201912 120.900 106.800 150.933
202003 120.058 106.850 149.811
202006 124.001 107.510 153.782
202009 139.975 107.880 172.997
202012 146.910 107.850 181.618
202103 142.387 108.870 174.377
202106 128.985 109.670 156.812
202109 118.767 110.790 142.930
202112 103.244 114.010 120.740
202203 88.126 119.460 98.358
202206 73.842 119.050 82.699
202209 70.875 126.890 74.472
202212 85.806 124.940 91.568
202303 96.327 124.720 102.977
202306 105.948 125.830 112.263
202309 117.688 127.160 123.398
202312 135.267 126.450 142.627
202403 138.251 128.580 143.358
202406 146.096 129.910 149.942
202409 165.386 131.610 167.547
202412 178.459 131.630 180.764
202503 174.550 133.330 174.550

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


ASML Holding NV  (WAR:ASML) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


ASML Holding NV Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of ASML Holding NV's Cyclically Adjusted PB Ratio 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.