ASML vs. HPE: A Head-to-Head Stock Comparison

Updated on July 7, 2025

Here’s a clear look at ASML and HPE, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Overview

ASML’s market capitalization of 312.40 billion USD is substantially larger than HPE’s 28.00 billion USD, indicating a significant difference in their market valuations.

With betas of 1.22 for ASML and 1.33 for HPE, both stocks show similar sensitivity to overall market movements.

ASML trades as an American Depositary Receipt (ADR), offering U.S. investors a convenient way to access its foreign-listed shares. In contrast, HPE is a standard domestic listing.

Symbol	ASML	HPE
Company Name	ASML Holding N.V.	Hewlett Packard Enterprise Company
Country	NL	US
Sector	Technology	Technology
Industry	Semiconductors	Communication Equipment
CEO	Christophe D. Fouquet	Antonio Fabio Neri
Price	794.5 USD	21.34 USD
Market Cap	312.40 billion USD	28.00 billion USD
Beta	1.22	1.33
Exchange	NASDAQ	NYSE
IPO Date	March 15, 1995	October 19, 2015
ADR	Yes	No

Historical Performance

This chart compares the performance of ASML and HPE by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.

Data is adjusted for dividends and splits.

ASML vs. HPE: Growth of a $10,000 investment over the past one year.

Profitability

Return on Equity

ASML

52.08%

Semiconductors Industry

Max: 41.84%
Q3: 15.81%
Median: 6.31%
Q1: -5.54%
Min: -30.12%

ASML’s Return on Equity of 52.08% is exceptionally high, placing it well beyond the typical range for the Semiconductors industry. This demonstrates a superior ability to generate profit from shareholder investments, though it could also be inflated by high financial leverage.

HPE

5.94%

Communication Equipment Industry

Max: 30.07%
Q3: 8.07%
Median: 1.84%
Q1: -11.93%
Min: -31.65%

HPE’s Return on Equity of 5.94% is on par with the norm for the Communication Equipment industry, indicating its profitability relative to shareholder equity is typical for the sector.

ASML vs. HPE: A comparison of their ROE against their respective Semiconductors and Communication Equipment industry benchmarks.

Return on Invested Capital

ASML

30.91%

Semiconductors Industry

Max: 30.91%
Q3: 11.34%
Median: 4.08%
Q1: -2.17%
Min: -19.59%

In the upper quartile for the Semiconductors industry, ASML’s Return on Invested Capital of 30.91% signifies a highly effective use of its capital to generate profits when compared to its peers.

HPE

3.15%

Communication Equipment Industry

Max: 11.59%
Q3: 6.61%
Median: 2.97%
Q1: -2.58%
Min: -13.18%

HPE’s Return on Invested Capital of 3.15% is in line with the norm for the Communication Equipment industry, reflecting a standard level of efficiency in generating profits from its capital base.

ASML vs. HPE: A comparison of their ROIC against their respective Semiconductors and Communication Equipment industry benchmarks.

Net Profit Margin

ASML

28.33%

Semiconductors Industry

Max: 51.69%
Q3: 19.67%
Median: 8.56%
Q1: -5.44%
Min: -38.60%

A Net Profit Margin of 28.33% places ASML in the upper quartile for the Semiconductors industry, signifying strong profitability and more effective cost management than most of its peers.

HPE

4.51%

Communication Equipment Industry

Max: 23.65%
Q3: 9.21%
Median: 2.46%
Q1: -8.56%
Min: -29.87%

HPE’s Net Profit Margin of 4.51% is aligned with the median group of its peers in the Communication Equipment industry. This indicates its ability to convert revenue into profit is typical for the sector.

ASML vs. HPE: A comparison of their Net Profit Margin against their respective Semiconductors and Communication Equipment industry benchmarks.

Operating Profit Margin

ASML

33.76%

Semiconductors Industry

Max: 58.03%
Q3: 22.12%
Median: 8.40%
Q1: -3.73%
Min: -36.14%

An Operating Profit Margin of 33.76% places ASML in the upper quartile for the Semiconductors industry. This signals a strong ability to translate revenue into operating profit, outperforming most of its competitors in core business efficiency.

HPE

5.79%

Communication Equipment Industry

Max: 30.72%
Q3: 11.64%
Median: 5.79%
Q1: -2.28%
Min: -18.20%

HPE’s Operating Profit Margin of 5.79% is around the midpoint for the Communication Equipment industry, indicating that its efficiency in managing core business operations is typical for the sector.

ASML vs. HPE: A comparison of their Operating Margin against their respective Semiconductors and Communication Equipment industry benchmarks.

Profitability at a Glance

Symbol	ASML	HPE
Return on Equity (TTM)	52.08%	5.94%
Return on Assets (TTM)	19.14%	2.10%
Return on Invested Capital (TTM)	30.91%	3.15%
Net Profit Margin (TTM)	28.33%	4.51%
Operating Profit Margin (TTM)	33.76%	5.79%
Gross Profit Margin (TTM)	52.01%	23.18%

Financial Strength

Current Ratio

ASML

1.52

Semiconductors Industry

Max: 9.10
Q3: 5.23
Median: 3.09
Q1: 2.49
Min: 1.02

ASML’s Current Ratio of 1.52 falls into the lower quartile for the Semiconductors industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

HPE

1.29

Communication Equipment Industry

Max: 3.40
Q3: 2.59
Median: 1.62
Q1: 1.32
Min: 0.86

HPE’s Current Ratio of 1.29 falls into the lower quartile for the Communication Equipment industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

ASML vs. HPE: A comparison of their Current Ratio against their respective Semiconductors and Communication Equipment industry benchmarks.

Debt-to-Equity Ratio

ASML

0.21

Semiconductors Industry

Max: 0.97
Q3: 0.46
Median: 0.21
Q1: 0.05
Min: 0.00

ASML’s Debt-to-Equity Ratio of 0.21 is typical for the Semiconductors industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

HPE

0.73

Communication Equipment Industry

Max: 1.82
Q3: 1.00
Median: 0.53
Q1: 0.20
Min: 0.02

HPE’s Debt-to-Equity Ratio of 0.73 is typical for the Communication Equipment industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

ASML vs. HPE: A comparison of their D/E Ratio against their respective Semiconductors and Communication Equipment industry benchmarks.

Interest Coverage Ratio

ASML

Semiconductors Industry

Max: 36.25
Q3: 29.12
Median: 7.01
Q1: -1.22
Min: -18.18

Interest Coverage Ratio data for ASML is currently unavailable.

HPE

8.98

Communication Equipment Industry

Max: 16.12
Q3: 9.22
Median: 2.52
Q1: -0.75
Min: -12.07

HPE’s Interest Coverage Ratio of 8.98 is positioned comfortably within the norm for the Communication Equipment industry, indicating a standard and healthy capacity to cover its interest payments.

ASML vs. HPE: A comparison of their Interest Coverage against their respective Semiconductors and Communication Equipment industry benchmarks.

Financial Strength at a Glance

Symbol	ASML	HPE
Current Ratio (TTM)	1.52	1.29
Quick Ratio (TTM)	0.91	0.96
Debt-to-Equity Ratio (TTM)	0.21	0.73
Debt-to-Asset Ratio (TTM)	0.08	0.26
Net Debt-to-EBITDA Ratio (TTM)	-0.47	2.38
Interest Coverage Ratio (TTM)	--	8.98

Growth

The following charts compare key year-over-year (YoY) growth metrics for ASML and HPE. These metrics are based on the companies’ annual financial reports.

Revenue Growth

ASML vs. HPE: A comparison of their annual year-over-year Revenue Growth.

Earnings Per Share (EPS) Growth

ASML vs. HPE: A comparison of their annual year-over-year Earnings Per Share (EPS) Growth.

Free Cash Flow Growth

ASML vs. HPE: A comparison of their annual year-over-year Free Cash Flow Growth.

Dividend

Dividend Yield

ASML

0.85%

Semiconductors Industry

Max: 6.48%
Q3: 0.93%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ASML’s Dividend Yield of 0.85% is consistent with its peers in the Semiconductors industry, providing a dividend return that is standard for its sector.

HPE

2.44%

Communication Equipment Industry

Max: 4.72%
Q3: 0.38%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

With a Dividend Yield of 2.44%, HPE offers a more attractive income stream than most of its peers in the Communication Equipment industry, signaling a strong commitment to shareholder returns.

ASML vs. HPE: A comparison of their Dividend Yield against their respective Semiconductors and Communication Equipment industry benchmarks.

Dividend Payout Ratio

ASML

28.49%

Semiconductors Industry

Max: 204.29%
Q3: 31.85%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ASML’s Dividend Payout Ratio of 28.49% is within the typical range for the Semiconductors industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

HPE

47.41%

Communication Equipment Industry

Max: 91.96%
Q3: 26.44%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

HPE’s Dividend Payout Ratio of 47.41% is in the upper quartile for the Communication Equipment industry. This indicates a strong commitment to shareholder returns but also suggests that a smaller portion of earnings is retained for reinvestment compared to many peers.

ASML vs. HPE: A comparison of their Payout Ratio against their respective Semiconductors and Communication Equipment industry benchmarks.

Dividend at a Glance

Symbol	ASML	HPE
Dividend Yield (TTM)	0.85%	2.44%
Dividend Payout Ratio (TTM)	28.49%	47.41%

Valuation

Price-to-Earnings Ratio

ASML

29.72

Semiconductors Industry

Max: 86.15
Q3: 47.38
Median: 27.87
Q1: 18.89
Min: 4.73

ASML’s P/E Ratio of 29.72 is within the middle range for the Semiconductors industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

HPE

19.78

Communication Equipment Industry

Max: 44.37
Q3: 41.98
Median: 30.61
Q1: 23.44
Min: 2.14

In the lower quartile for the Communication Equipment industry, HPE’s P/E Ratio of 19.78 suggests the stock may be undervalued compared to its peers, potentially presenting an attractive entry point for investors.

ASML vs. HPE: A comparison of their P/E Ratio against their respective Semiconductors and Communication Equipment industry benchmarks.

Forward P/E to Growth Ratio

ASML

1.90

Semiconductors Industry

Max: 4.73
Q3: 2.80
Median: 1.11
Q1: 0.68
Min: 0.01

The Forward PEG Ratio is often not a primary valuation metric in the Semiconductors industry.

HPE

1.47

Communication Equipment Industry

Max: 15.97
Q3: 6.99
Median: 2.78
Q1: 0.66
Min: 0.05

The Forward PEG Ratio is often not a primary valuation metric in the Communication Equipment industry.

ASML vs. HPE: A comparison of their Forward PEG Ratio against their respective Semiconductors and Communication Equipment industry benchmarks.

Price-to-Sales Ratio

ASML

8.44

Semiconductors Industry

Max: 21.96
Q3: 10.21
Median: 4.45
Q1: 2.32
Min: 0.48

ASML’s P/S Ratio of 8.44 aligns with the market consensus for the Semiconductors industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

HPE

0.88

Communication Equipment Industry

Max: 6.38
Q3: 3.88
Median: 2.17
Q1: 1.15
Min: 0.37

In the lower quartile for the Communication Equipment industry, HPE’s P/S Ratio of 0.88 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.

ASML vs. HPE: A comparison of their P/S Ratio against their respective Semiconductors and Communication Equipment industry benchmarks.

Price-to-Book Ratio

ASML

14.78

Semiconductors Industry

Max: 13.12
Q3: 6.49
Median: 3.31
Q1: 1.74
Min: 0.23

At 14.78, ASML’s P/B Ratio is at an extreme premium to the Semiconductors industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

HPE

1.18

Communication Equipment Industry

Max: 14.42
Q3: 7.01
Median: 3.09
Q1: 1.38
Min: 0.41

HPE’s P/B Ratio of 1.18 is in the lower quartile for the Communication Equipment industry. From a value investing perspective, this is favorable, as it suggests the stock is trading at a discount to its net asset value and may offer a greater margin of safety.

ASML vs. HPE: A comparison of their P/B Ratio against their respective Semiconductors and Communication Equipment industry benchmarks.

Valuation at a Glance

Symbol	ASML	HPE
Price-to-Earnings Ratio (P/E, TTM)	29.72	19.78
Forward PEG Ratio (TTM)	1.90	1.47
Price-to-Sales Ratio (P/S, TTM)	8.44	0.88
Price-to-Book Ratio (P/B, TTM)	14.78	1.18
Price-to-Free Cash Flow Ratio (P/FCF, TTM)	27.93	23.69
EV-to-EBITDA (TTM)	22.09	12.88
EV-to-Sales (TTM)	8.27	1.09