MKSI vs PPG vs ASML Stock Comparison

Mks, Ppg Industries and Asml Holding Prices as of Oct 26, 2026 Peers: Industry group
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
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

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.

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

Percentile Scorecard

MKSIPPGASML

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

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

Price Performance

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

Returns

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

Risk

MeasureMKSIPPGASMLSPY
Volatility, 1Y 61.8%30.6%46.8% 12.7%
Downside volatility, 1Y 66.0%31.3%46.4% 12.7%
Beta vs S&P 500, 1Y 2.811.042.26 1.00
Return / volatility, 1Y 0.670.201.15 1.02
Max drawdown, 5Y -67.5%-47.0%-56.9% -25.4%
From 52-week high -54.5%-16.5%-20.0% -1.8%
52-week high $444.80$131.56$1,989.44 $779.14
52-week low $137.20$94.34$966.57 $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.

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

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 monthsMKSIPPGASML
Revenue $4.35B $16.42B $37.62B
Gross profit $2.04B $6.72B $19.58B
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) $6.05 $7.02 $28.13
Cash & equivalents $611.00M $1.52B $15.17B
Total debt $3.94B $6.89B $5.16B
Shares (diluted) 72.70M 223.90M 388.90M
Enterprise value $11.79B $17.94B $591.18B

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

Growth

14 metrics
MetricMKSIPPGASML
Revenue growth (1Y) 16.3% 5.0% 22.9%
Revenue CAGR (3Y) 4.2% 1.2% 19.4%
Gross profit growth (1Y) 15.4% 3.8% 24.9%
Gross profit CAGR (3Y) 6.7% 3.4% 20.6%
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) 52.8% 58.1% 35.2%
EPS CAGR (3Y) 30.7% 8.0% 24.2%
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
MetricMKSIPPGASML
Gross margin 47.0% 40.9% 52.0%
EBITDA margin 24.0% 16.5% –
Operating margin 15.7% 13.3% –
Pretax margin 11.2% 12.4% –
Net margin 10.1% 9.6% 29.1%
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 0.5x 0.7x 0.7x
Cash conversion (OCF / net income) 1.4x 1.4x –
Stock comp / revenue 1.3% 0.2% –

Financial Health

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

Shareholder Returns

7 metrics
MetricMKSIPPGASML
Dividend yield 0.5% 2.6% 0.6%
Net buyback yield – 1.7% –
Shareholder yield 0.5% 4.4% 0.6%
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.

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

Institutional Ownership

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

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.

MKSIPPGASML
MKSI 1.00 0.22 0.74
PPG 0.22 1.00 0.26
ASML 0.74 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MKSI, PPG and ASML?

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

Which stock is cheaper, MKSI, PPG and ASML?

Ppg Industries (PPG) trades on the lowest price-to-earnings ratio (Mks (MKSI) 32.6x, Ppg Industries (PPG) 16.1x, Asml Holding (ASML) 58.1x). On next year's consensus earnings, Ppg Industries (PPG) is cheapest (Mks (MKSI) 15.0x, Ppg Industries (PPG) 13.4x, Asml Holding (ASML) 33.4x). 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: Mks (MKSI) +16.3%, Ppg Industries (PPG) +5.0%, Asml Holding (ASML) +22.9%.

Which company is more profitable?

Asml Holding (ASML) has the highest net margin (Mks (MKSI) 10.1%, Ppg Industries (PPG) 9.6%, Asml Holding (ASML) 29.1%). 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: Mks (MKSI) +41.5%, Ppg Industries (PPG) +6.2%, Asml Holding (ASML) +54.0%. Over five years, Asml Holding (ASML) compounded fastest (Mks (MKSI) +7.2%/yr, Ppg Industries (PPG) -7.4%/yr, Asml Holding (ASML) +14.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

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

Which stock is riskier?

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

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

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.