Is ASML Stock a Buy, Sell or Hold at a P/E Multiple of 26.3X?

ASML Holding NV (ASML) , the world’s leading supplier of semiconductor manufacturing equipment, currently trades at a forward 12-month price-to-earnings (P/E) ratio of 26.29, significantly higher than the Zacks Semiconductor Equipment – Wafer Fabrication industry average of 21.92. This lofty valuation, combined with a recent 28.5% plunge in the stock price over the past three months, has sparked debates about whether ASML remains a worthy investment or has become overvalued.Image Source: Zacks Investment Re ...