Should You Buy, Sell or Hold ASML Stock at a P/E of 36.67X?

ASML trades at a rich 36.67x P/E after an 89% one-year rally, reflecting strong market rerating. The company’s EUV lithography dominance, AI-driven chip demand and a EUR 38.8B backlog underpin the outlook despite high valuation. These factors support continued revenue visibility and justify premium multiples for now.

Analysis

ASML trades at a rich 36.67x P/E after an 89% one-year rally, reflecting strong market rerating. The company’s EUV lithography dominance, AI-driven chip demand and a EUR 38.8B backlog underpin the outlook despite high valuation. These factors support continued revenue visibility and justify premium multiples for now.