ASML vs MKSI vs PPG Stock Comparison

Asml Holding, Mks and Ppg Industries Prices as of Oct 26, 2026 Peers: Industry group
ASML Asml Holding Nv
$1,590.90 -8.8% 1M +54.0% 1Y
Market cap
$635.50B
P/E
58.1x
Revenue (TTM)
$37.62B
Div. yield
–
Semiconductor Equipment Technology
5 wins
MKSI Mks Inc
$202.28 -22.4% 1M +41.5% 1Y
Market cap
$14.34B
P/E
32.6x
Revenue (TTM)
$4.35B
Div. yield
0.00%
Semiconductor Equipment Technology
PPG Ppg Industries Inc
$109.88 +2.2% 1M +6.2% 1Y
Market cap
$25.29B
P/E
16.1x
Revenue (TTM)
$16.42B
Div. yield
0.02%
Paints and Coatings Basic Materials
7 wins

Head to Head

12 decided of 12

Ppg Industries leads on 7 of the 12 questions below (Ppg Industries 7, Asml Holding 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionASMLMKSIPPGLeader
Larger companyMarket capitalisation $635.50B $14.34B $25.29B ASML
Cheaper on earningsLower P/E, profitable companies only 58.1x 32.6x 16.1x PPG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 33.4x 15.0x 13.4x PPG
Faster revenue growthRevenue growth, trailing twelve months +22.9% +16.3% +5.0% ASML
More profitableNet margin, trailing twelve months 29.1% 10.1% 9.6% ASML
Better return on capitalReturn on invested capital — 8.9% 10.9% PPG
Less leveragedLower net debt / EBITDA — 3.2x 1.9x PPG
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.02% PPG
Better 1-year returnPrice return, last 12 months +54.0% +41.5% +6.2% ASML
Better 5-year returnAnnualised price return, 5 years +14.7%/yr +7.2%/yr -7.4%/yr ASML
Less volatileAnnualised volatility, 1 year 46.8% 61.8% 30.6% PPG
Higher overall scoreMean of the five percentile scores vs peers 46/100 55/100 68/100 PPG

Percentile Scorecard

ASMLMKSIPPG

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

AxisASMLMKSIPPG
Valuation 18 #78 of 95 77 #23 of 95 66 #33 of 94
Growth 82 #18 of 93 72 #27 of 93 74 #25 of 92
Profitability 78 #21 of 91 63 #34 of 91 86 #13 of 89
Financial Health 14 #87 of 101 1 #100 of 101 47 #52 of 97
Shareholder Returns 37 #48 of 75 62 #29 of 75 68 #23 of 70
Overall 46 55 68
  • ASML ranked among 104 companies in Semiconductors
  • MKSI ranked among 104 companies in Semiconductors
  • PPG ranked among 99 companies in Chemicals

Price Performance

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

Returns

PeriodASMLMKSIPPGSPY
1 month -8.8%-22.4%+2.2% -0.8%
3 months -3.9%-35.9%-7.2% +3.5%
6 months +11.1%-27.3%-0.4% +7.0%
Year to date +48.7%+26.6%+7.2% +12.2%
1 year +54.0%+41.5%+6.2% +13.0%
3 years +169.6%+201.1%-9.0% +86.3%
3 years, per year +39.2%+44.4%-3.1% +23.1%
5 years +98.6%+41.6%-32.0% +68.6%
5 years, per year +14.7%+7.2%-7.4% +11.0%
10 years +1,431.9%+314.1%+18.8% +258.0%
10 years, per year +31.4%+15.3%+1.7% +13.6%

Risk

MeasureASMLMKSIPPGSPY
Volatility, 1Y 46.8%61.8%30.6% 12.7%
Downside volatility, 1Y 46.4%66.0%31.3% 12.7%
Beta vs S&P 500, 1Y 2.262.811.04 1.00
Return / volatility, 1Y 1.150.670.20 1.02
Max drawdown, 5Y -56.9%-67.5%-47.0% -25.4%
From 52-week high -20.0%-54.5%-16.5% -1.8%
52-week high $1,989.44$444.80$131.56 $779.14
52-week low $966.57$137.20$94.34 $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.

MultipleASMLMKSIPPG
P/E now vs peer median 56.5xmedian 42.1x 31.1xmedian 42.1x 15.6xmedian 21.6x
P/S now vs peer median 16.3xmedian 7.1x 3.1xmedian 7.1x 1.5xmedian 1.4x
EV/EBITDA now vs peer median —median 27.5x 16.3xmedian 27.5x 11.0xmedian 12.4x
P/FCF now vs peer median 49.0xmedian 37.2x 30.1xmedian 37.2x 17.4xmedian 15.8x
P/B now vs peer median 26.6xmedian 4.2x 4.6xmedian 4.2x 2.8xmedian 1.6x
PEG now vs peer median 2.34median 2.23 1.01median 2.23 1.94median 1.66

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 monthsASMLMKSIPPG
Revenue $37.62B $4.35B $16.42B
Gross profit $19.58B $2.04B $6.72B
Operating income – $681.00M $2.18B
Net income – $439.00M $1.57B
Free cash flow – $455.00M $1.41B
R&D – $310.00M $458.00M
EPS (diluted) $28.13 $6.05 $7.02
Cash & equivalents $15.17B $611.00M $1.52B
Total debt $5.16B $3.94B $6.89B
Shares (diluted) 388.90M 72.70M 223.90M
Enterprise value $591.18B $11.79B $17.94B

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
MetricASMLMKSIPPG
P/E 56.5x 31.1x 15.6x
P/FCF 49.0x 30.1x 17.4x
P/Operating cash flow – 21.5x 11.3x
P/S 16.3x 3.1x 1.5x
P/B 26.6x 4.6x 2.8x
P/Tangible book 27.4x 14.1x 3.7x
EV/EBITDA – 16.3x 11.0x
EV/EBIT – 25.0x 13.7x
EV/Revenue 16.0x 3.9x 1.8x
EV/FCF – 37.4x 21.1x
EV/Operating cash flow – 26.8x 13.7x
PEG (3Y EPS CAGR) 2.34 1.01 1.94

Growth

14 metrics
MetricASMLMKSIPPG
Revenue growth (1Y) 22.9% 16.3% 5.0%
Revenue CAGR (3Y) 19.4% 4.2% 1.2%
Gross profit growth (1Y) 24.9% 15.4% 3.8%
Gross profit CAGR (3Y) 20.6% 6.7% 3.4%
Operating income growth (1Y) – 33.5% 1.6%
Operating income CAGR (3Y) – 35.4% 3.1%
Net income growth (1Y) – 64.4% 56.2%
Net income CAGR (3Y) – 31.0% 5.5%
EPS growth (1Y) 35.2% 52.8% 58.1%
EPS CAGR (3Y) 24.2% 30.7% 8.0%
Operating cash flow growth (1Y) – -1.6% 50.0%
Operating cash flow CAGR (3Y) – 20.7% 7.2%
Free cash flow growth (1Y) – -13.3% 85.4%
Free cash flow CAGR (3Y) – 22.9% 2.9%

Profitability

14 metrics
MetricASMLMKSIPPG
Gross margin 52.0% 47.0% 40.9%
EBITDA margin – 24.0% 16.5%
Operating margin – 15.7% 13.3%
Pretax margin – 11.2% 12.4%
Net margin 29.1% 10.1% 9.6%
FCF margin – 10.5% 8.6%
Operating cash flow margin – 14.6% 13.2%
Return on equity – 15.2% 18.8%
Return on assets – 5.0% 7.1%
Return on invested capital – 8.9% 10.9%
Return on capital employed – 10.6% 12.7%
Asset turnover 0.7x 0.5x 0.7x
Cash conversion (OCF / net income) – 1.4x 1.4x
Stock comp / revenue – 1.3% 0.2%

Financial Health

11 metrics
MetricASMLMKSIPPG
Debt / assets 8.7% 44.1% 30.6%
Debt / equity 0.2x 1.3x 0.8x
Net debt / EBITDA – 3.2x 1.9x
Debt / FCF – 8.7x 4.9x
Liabilities / assets 61.2% 66.6% 61.9%
Equity / assets 38.8% 33.4% 38.1%
Interest coverage – 3.7x 8.5x
Current ratio 1.3x 1.1x 1.6x
Quick ratio 0.7x 0.6x 1.1x
Cash ratio 0.5x 0.3x 0.3x
Altman Z-score – 2.31 3.72

Shareholder Returns

7 metrics
MetricASMLMKSIPPG
Dividend yield 0.6% 0.5% 2.6%
Net buyback yield – – 1.7%
Shareholder yield 0.6% 0.5% 4.4%
Payout ratio (earnings) – 14.4% 40.2%
Payout ratio (FCF) – 13.8% 44.8%
Dividend growth (1Y) – 6.8% 1.9%
Dividend CAGR (3Y) – 3.4% 3.0%

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.

ConsensusASMLMKSIPPG
Forward P/E 33.4xFY2026 15.0xFY2026 13.4xFY2026
EPS, next fiscal year $47.62FY2026 $13.48FY2026 $8.18FY2026
EPS growth, next FY +61.2%FY2026 +71.1%FY2026 +7.9%FY2026
EPS growth, the year after +42.0% +34.9% +10.6%
Revenue, next fiscal year $47.18BFY2026 $5.43BFY2026 $17.59BFY2026
Revenue growth, next FY +20.9%FY2026 +38.1%FY2026 +10.7%FY2026
Revenue growth, the year after +42.9% +8.0% -6.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersASMLMKSIPPG
Held by institutions 19.8% 100.0% 90.3%
Institutions holding 2,488 775 1,095
Change in shares held, QoQ +8.0% +2.8% +0.1%
Institutions buying 1,356 455 519
Institutions selling 781 252 356
Buyers to sellers 1.74 1.81 1.46

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.

ASMLMKSIPPG
ASML 1.00 0.74 0.26
MKSI 0.74 1.00 0.22
PPG 0.26 0.22 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ASML, MKSI and PPG?

Asml Holding (ASML) is the largest by market capitalisation: Asml Holding (ASML) $635.50B, Mks (MKSI) $14.34B, Ppg Industries (PPG) $25.29B.

Which stock is cheaper, ASML, MKSI and PPG?

Ppg Industries (PPG) trades on the lowest price-to-earnings ratio (Asml Holding (ASML) 58.1x, Mks (MKSI) 32.6x, Ppg Industries (PPG) 16.1x). On next year's consensus earnings, Ppg Industries (PPG) is cheapest (Asml Holding (ASML) 33.4x, Mks (MKSI) 15.0x, Ppg Industries (PPG) 13.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Asml Holding (ASML) grew revenue fastest over the trailing twelve months: Asml Holding (ASML) +22.9%, Mks (MKSI) +16.3%, Ppg Industries (PPG) +5.0%.

Which company is more profitable?

Asml Holding (ASML) has the highest net margin (Asml Holding (ASML) 29.1%, Mks (MKSI) 10.1%, Ppg Industries (PPG) 9.6%). On return on invested capital, Ppg Industries (PPG) leads (Mks (MKSI) 8.9%, Ppg Industries (PPG) 10.9%).

Which stock has performed better?

Over the past year Asml Holding (ASML) returned the most: Asml Holding (ASML) +54.0%, Mks (MKSI) +41.5%, Ppg Industries (PPG) +6.2%. Over five years, Asml Holding (ASML) compounded fastest (Asml Holding (ASML) +14.7%/yr, Mks (MKSI) +7.2%/yr, Ppg Industries (PPG) -7.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Ppg Industries (PPG) has the highest dividend yield: Asml Holding (ASML) 0.00%, Mks (MKSI) 0.00%, Ppg Industries (PPG) 0.02%. Asml Holding (ASML) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Ppg Industries (PPG) has been the steadiest (Asml Holding (ASML) 46.8%, Mks (MKSI) 61.8%, Ppg Industries (PPG) 30.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ASML, MKSI and PPG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Ppg Industries (PPG) leads on 7. 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.