{"id":34084,"date":"2026-07-27T20:42:22","date_gmt":"2026-07-27T20:42:22","guid":{"rendered":"https:\/\/www.europesays.com\/netherlands\/34084\/"},"modified":"2026-07-27T20:42:22","modified_gmt":"2026-07-27T20:42:22","slug":"can-asml-holding-enxtamasml-justify-its-valuation-on-china-duv-competition","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/netherlands\/34084\/","title":{"rendered":"Can ASML Holding (ENXTAM:ASML) Justify Its Valuation On China DUV Competition?"},"content":{"rendered":"\n

Never miss an important update on your stock portfolio<\/a> and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. <\/p>\n

ASML Holding (ENXTAM:ASML) dropped sharply after reports that a state backed Chinese company has begun mass producing immersion deep ultraviolet lithography tools. This development raises questions about future demand for ASML’s older generation DUV systems in China. <\/p>\n

See our latest analysis for ASML Holding.<\/a> <\/p>\n

At around \u20ac1,429.8, ASML Holding’s share price has fallen 8.52% over the last day and 9.40% over the past month. However, the 90 day share price return of 22.02% and 1 year total shareholder return of 129.05% still point to strong momentum built over a longer period. <\/p>\n

If this volatility has you looking beyond a single stock, it could be a good time to see what else is moving in chip equipment and automation using the 34 robotics and automation stocks<\/a> <\/p>\n

Bulls point to ASML Holding’s recent revenue and earnings progress, as well as ongoing buybacks, while bears highlight fresh Chinese competition in DUV and export limits. Which side does current pricing suggest you are paying for? <\/p>\n

Most Popular Narrative: 55.4% Overvalued <\/p>\n

According to the most followed narrative on ASML Holding, the last close at \u20ac1,429.8 sits well above a fair value estimate of \u20ac920, setting up a clear gap between price and narrative valuation that investors may want to understand. <\/p>\n

ASML’s story is one of quiet dominance at the heart of global tech. Founded in the Netherlands in 1984, ASML started as a joint venture between Philips and ASM International. Over the decades, it evolved into the sole supplier in the world of extreme ultraviolet (EUV) lithography machines, which are essential for manufacturing the most advanced semiconductor chips (like those powering AI, smartphones, and data centers). <\/p>\n

Read the complete narrative.<\/a> <\/p>\n

According to Thomas_Regrettier, this fair value rests on a blend of firm revenue expansion, healthy profit margins and a future earnings multiple usually linked with market leaders. Investors may be curious which specific growth runway and profitability profile are doing the heavy lifting in that model, and how they support a fair value far below where ASML Holding trades today. <\/p>\n

Result: Fair Value of \u20ac920 (OVERVALUED) <\/p>\n

Have a read of the narrative in full and understand what’s behind the forecasts.<\/a> <\/p>\n

However, ASML Holding’s narrative could be challenged if Chinese DUV progress accelerates faster than expected, or if new export restrictions further limit access to key markets. <\/p>\n

Find out about the key risks to this ASML Holding narrative.<\/a> <\/p>\n

Another View on ASML Holding’s Valuation <\/p>\n

While the most popular ASML Holding narrative points to a fair value of \u20ac920 and labels the stock as overvalued, the current P\/E ratio of 51.6x tells a different story when set against peers at 56.4x and an estimated fair ratio of 71.3x. <\/p>\n

If markets eventually lean closer to that higher fair ratio, the gap between price and peer or fair-value multiples could matter more than any single narrative suggests. Which signal do you want to put more weight on as you think about risk and potential upside? <\/p>\n

See what the numbers say about this price \u2014 find out in our valuation breakdown.<\/a> <\/p>\n

\"ENXTAM:ASML<\/a> ENXTAM:ASML P\/E Ratio as at Jul 2026 Next Steps <\/p>\n

Sentiment on ASML Holding is clearly mixed. If you want more than headlines, move quickly and review the trade off between 4 key rewards and 1 important warning sign<\/a> <\/p>\n

Looking for more investment ideas beyond ASML Holding? <\/p>\n

If ASML Holding has sharpened your focus on opportunities in the market, do not stop here. Broaden your watchlist with a few targeted, data driven ideas. <\/p>\n

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. <\/p>\n

Companies discussed in this article include ASML.AS<\/a>. <\/p>\n

Have feedback on this article? Concerned about the content? Get in touch<\/a> with us directly. Alternatively, email editorial-team@simplywallst.com<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors…\n","protected":false},"author":2,"featured_media":34085,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[65,301,2114,797],"class_list":["post-34084","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asml","tag-asml","tag-asml-holding","tag-duv","tag-fair-value"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts\/34084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/comments?post=34084"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts\/34084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/media\/34085"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/media?parent=34084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/categories?post=34084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/tags?post=34084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}