ASML EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
ASML's ev/ebitda is higher than 65% of the last 10 years.
EV/EBITDA History
ASML EV/EBITDA by year
Yearly range of ASML’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 16.2 to 51.7, averaging 30.7.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 30.4 | 38.9 | 49.9 | 34.6 |
| 2025 | 18.1 | 24.4 | 32.3 | 27.8 |
| 2024 | 25.0 | 33.7 | 45.0 | 25.4 |
| 2023 | 22.5 | 28.1 | 35.0 | 28.4 |
| 2022 | 23.1 | 32.0 | 40.7 | 30.2 |
| 2021 | 36.3 | 42.6 | 51.7 | 40.3 |
| 2020 | 23.3 | 34.9 | 41.4 | 36.5 |
| 2019 | 16.2 | 28.0 | 41.3 | 34.2 |
| 2018 | 16.7 | 23.7 | 28.4 | 17.0 |
| 2017 | 20.3 | 23.7 | 26.9 | 25.1 |
| 2016 | 21.1 | 22.3 | 23.9 | 23.9 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is ASML EV/EBITDA High or Low Right Now?
ASML Holding N.V.'s EV/EBITDA is currently 34.6, which is above average relative to its 10-year historical range. The 10-year median EV/EBITDA for ASML is approximately 30.0. See all ASML valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.