ASML vs EMR vs TER Stock Comparison

Asml Holding, Emerson Electric and Teradyne Prices as of Oct 23, 2026 Peers: Industry group
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ASML Asml Holding Nv
$1,571.80 -9.9% 1M +51.7% 1Y
Market cap
$616.92B
P/E
56.4x
Revenue (TTM)
$37.62B
Div. yield
–
Semiconductor Equipment Technology
2 wins
EMR Emerson Electric Co
$161.60 +4.6% 1M +21.3% 1Y
Market cap
$90.47B
P/E
35.1x
Revenue (TTM)
$18.64B
Div. yield
0.01%
Pumps and Valves Industrials
3 wins
TER Teradyne, Inc
$308.85 -20.6% 1M +112.9% 1Y
Market cap
$48.36B
P/E
42.0x
Revenue (TTM)
$4.46B
Div. yield
–
Test and Measurement Technology
5 wins

Head to Head

10 decided of 12

Teradyne leads on 5 of the 12 questions below (Teradyne 5, Emerson Electric 3, Asml Holding 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionASMLEMRTERLeader
Larger companyMarket capitalisation $616.92B $90.47B $48.36B ASML
Cheaper on earningsLower P/E, profitable companies only 56.4x 35.1x 42.0x EMR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 34.7x 24.0x 31.9x EMR
Faster revenue growthRevenue growth, trailing twelve months +22.9% +4.8% +57.9% TER
More profitableNet margin, trailing twelve months 29.1% 13.8% 25.8% ASML
Better return on capitalReturn on invested capital — 10.9% 35.3% TER
Less leveragedLower net debt / EBITDA — 1.8x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months +51.7% +21.3% +112.9% TER
Better 5-year returnAnnualised price return, 5 years +14.4%/yr +10.8%/yr +21.6%/yr TER
Less volatileAnnualised volatility, 1 year 46.8% 31.7% 78.6% EMR
Higher overall scoreMean of the five percentile scores vs peers 45/100 45/100 65/100 TER

Percentile Scorecard

ASMLEMRTER

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisASMLEMRTER
Valuation 18 #78 of 95 35 #133 of 203 23 #87 of 112
Growth 82 #18 of 93 40 #113 of 188 89 #13 of 109
Profitability 78 #21 of 91 85 #29 of 187 93 #8 of 105
Financial Health 13 #89 of 102 29 #158 of 222 72 #34 of 117
Shareholder Returns 36 #49 of 76 36 #99 of 153 49 #42 of 82
Overall 45 45 65
  • ASML ranked among 104 companies in Semiconductors
  • EMR ranked among 222 companies in Machinery
  • TER ranked among 122 companies in Computer Hardware

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodASMLEMRTERSPY
1 month -9.9%+4.6%-20.6% -1.0%
3 months -10.5%+9.2%-11.7% +2.9%
6 months +7.8%+14.3%-26.1% +6.4%
Year to date +46.9%+21.8%+59.6% +11.4%
1 year +51.7%+21.3%+112.9% +13.1%
3 years +161.6%+78.1%+237.1% +79.4%
3 years, per year +37.8%+21.2%+50.0% +21.5%
5 years +96.2%+67.2%+166.0% +67.7%
5 years, per year +14.4%+10.8%+21.6% +10.9%
10 years +1,393.3%+222.5%+1,342.6% +255.2%
10 years, per year +31.0%+12.4%+30.6% +13.5%

Risk

MeasureASMLEMRTERSPY
Volatility, 1Y 46.8%31.7%78.6% 12.7%
Downside volatility, 1Y 46.2%33.3%84.9% 12.7%
Beta vs S&P 500, 1Y 2.251.523.35 1.00
Return / volatility, 1Y 1.100.671.44 1.03
Max drawdown, 5Y -56.9%-29.9%-59.7% -25.4%
From 52-week high -21.0%-1.7%-36.2% -2.5%
52-week high $1,989.44$164.37$483.84 $779.14
52-week low $966.57$123.30$144.28 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleASMLEMRTER
P/E now vs peer median 55.8xmedian 41.5x 35.0xmedian 25.9x 42.0xmedian 31.3x
P/S now vs peer median 16.1xmedian 6.9x 4.8xmedian 1.9x 10.8xmedian 2.6x
EV/EBITDA now vs peer median —median 27.3x 16.4xmedian 13.7x 32.0xmedian 19.6x
P/FCF now vs peer median 48.4xmedian 35.6x 26.0xmedian 21.1x 62.7xmedian 28.3x
P/B now vs peer median 26.3xmedian 4.2x 4.4xmedian 2.3x 13.9xmedian 2.9x
PEG now vs peer median 2.31median 2.31 -0.84median 1.19 1.45median 1.15

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsASMLEMRTER
Revenue $37.62B $18.64B $4.46B
Gross profit $19.58B $9.91B $2.64B
Operating income – $4.68B $1.35B
Net income – $2.58B $1.15B
Free cash flow – $3.46B $769.75M
R&D – – $559.87M
EPS (diluted) $28.13 $4.59 $7.29
Cash & equivalents $15.17B $2.18B $349.54M
Total debt $5.16B $54.11B $400.00M
Shares (diluted) 388.90M 561.10M 157.69M
Enterprise value $572.61B $83.21B $47.14B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricASMLEMRTER
P/E 55.8x 35.0x 42.0x
P/FCF 48.4x 26.0x 62.7x
P/Operating cash flow – 23.0x 45.4x
P/S 16.1x 4.8x 10.8x
P/B 26.3x 4.4x 13.9x
P/Tangible book 27.0x 7.7x 14.3x
EV/EBITDA – 16.4x 32.0x
EV/EBIT – 21.6x 35.5x
EV/Revenue 15.8x 5.4x 10.7x
EV/FCF – 29.2x 62.3x
EV/Operating cash flow – 25.8x 45.0x
PEG (3Y EPS CAGR) 2.31 -0.84 1.45

Growth

14 metrics
MetricASMLEMRTER
Revenue growth (1Y) 22.9% 4.8% 57.9%
Revenue CAGR (3Y) 19.4% 7.6% 16.0%
Gross profit growth (1Y) 24.9% 5.7% 58.2%
Gross profit CAGR (3Y) 20.6% 11.0% 16.7%
Operating income growth (1Y) – 9.2% 160.9%
Operating income CAGR (3Y) – 13.6% 28.8%
Net income growth (1Y) – -3.0% 145.2%
Net income CAGR (3Y) – -42.0% 27.2%
EPS growth (1Y) 35.2% -2.2% 149.0%
EPS CAGR (3Y) 24.2% -41.6% 29.0%
Operating cash flow growth (1Y) – 4.4% 34.4%
Operating cash flow CAGR (3Y) – 10.1% 19.9%
Free cash flow growth (1Y) – 4.4% 38.4%
Free cash flow CAGR (3Y) – 9.4% 18.5%

Profitability

14 metrics
MetricASMLEMRTER
Gross margin 52.0% 53.2% 59.2%
EBITDA margin – 33.1% 33.5%
Operating margin – 25.1% 30.2%
Pretax margin – 17.6% 30.2%
Net margin 29.1% 13.8% 25.8%
FCF margin – 18.6% 17.2%
Operating cash flow margin – 21.0% 23.9%
Return on equity – 12.7% 35.2%
Return on assets – 6.1% 24.9%
Return on invested capital – 10.9% 35.3%
Return on capital employed – 14.9% 37.8%
Asset turnover 0.7x 0.4x 1.0x
Cash conversion (OCF / net income) – 1.5x 0.9x
Stock comp / revenue – 1.3% 1.7%

Financial Health

11 metrics
MetricASMLEMRTER
Debt / assets 8.7% 31.1% –
Debt / equity 0.2x 0.6x –
Net debt / EBITDA – 1.8x –
Debt / FCF – 3.8x –
Liabilities / assets 61.2% 51.7% 29.5%
Equity / assets 38.8% 48.3% 70.5%
Interest coverage – – 118.8x
Current ratio 1.3x 0.9x 2.1x
Quick ratio 0.7x 0.5x 1.3x
Cash ratio 0.5x 0.2x 0.3x
Altman Z-score – 4.63 22.47

Shareholder Returns

7 metrics
MetricASMLEMRTER
Dividend yield 0.6% 1.4% 0.2%
Net buyback yield – 1.0% 1.0%
Shareholder yield 0.6% 2.4% 1.1%
Payout ratio (earnings) – 47.8% –
Payout ratio (FCF) – 35.6% –
Dividend growth (1Y) – 3.1% –
Dividend CAGR (3Y) – 0.7% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusASMLEMRTER
Forward P/E 34.7xFY2026 24.0xFY2026 31.9xFY2026
EPS, next fiscal year $45.25FY2026 $6.74FY2026 $9.69FY2026
EPS growth, next FY +53.2%FY2026 +12.3%FY2026 +144.7%FY2026
EPS growth, the year after +43.0% +15.4% +24.9%
Revenue, next fiscal year $47.33BFY2026 $18.13BFY2026 $5.01BFY2026
Revenue growth, next FY +21.3%FY2026 +0.6%FY2026 +57.1%FY2026
Revenue growth, the year after +41.3% +15.3% +18.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersASMLEMRTER
Held by institutions 19.8% 82.1% 97.3%
Institutions holding 2,488 2,290 1,419
Change in shares held, QoQ +8.0% +0.9% +5.2%
Institutions buying 1,356 1,080 828
Institutions selling 781 798 456
Buyers to sellers 1.74 1.35 1.82

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ASMLEMRTER
ASML 1.00 0.52 0.71
EMR 0.52 1.00 0.52
TER 0.71 0.52 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ASML, EMR and TER?

Asml Holding (ASML) is the largest by market capitalisation: Asml Holding (ASML) $616.92B, Emerson Electric (EMR) $90.47B, Teradyne (TER) $48.36B.

Which stock is cheaper, ASML, EMR and TER?

Emerson Electric (EMR) trades on the lowest price-to-earnings ratio (Asml Holding (ASML) 56.4x, Emerson Electric (EMR) 35.1x, Teradyne (TER) 42.0x). On next year's consensus earnings, Emerson Electric (EMR) is cheapest (Asml Holding (ASML) 34.7x, Emerson Electric (EMR) 24.0x, Teradyne (TER) 31.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Teradyne (TER) grew revenue fastest over the trailing twelve months: Asml Holding (ASML) +22.9%, Emerson Electric (EMR) +4.8%, Teradyne (TER) +57.9%.

Which company is more profitable?

Asml Holding (ASML) has the highest net margin (Asml Holding (ASML) 29.1%, Emerson Electric (EMR) 13.8%, Teradyne (TER) 25.8%). On return on invested capital, Teradyne (TER) leads (Emerson Electric (EMR) 10.9%, Teradyne (TER) 35.3%).

Which stock has performed better?

Over the past year Teradyne (TER) returned the most: Asml Holding (ASML) +51.7%, Emerson Electric (EMR) +21.3%, Teradyne (TER) +112.9%. Over five years, Teradyne (TER) compounded fastest (Asml Holding (ASML) +14.4%/yr, Emerson Electric (EMR) +10.8%/yr, Teradyne (TER) +21.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Asml Holding (ASML) 0.00%, Emerson Electric (EMR) 0.01%, Teradyne (TER) 0.00%. Asml Holding (ASML) and Teradyne (TER) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Emerson Electric (EMR) has been the steadiest (Asml Holding (ASML) 46.8%, Emerson Electric (EMR) 31.7%, Teradyne (TER) 78.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ASML, EMR and TER?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Teradyne (TER) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.