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Stock Comparison · Industry comparison · Semiconductor Equipment & Mate

ASM International vs KLA: Which Stock Looks Stronger in 2026?

KLA holds the cleaner structural position, with the lead spread across valuation and growth. ASM International does not offset that deficit through any equally strong structural edge elsewhere. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The clearest separation starts in valuation, but growth adds another real layer to the result. The overall score gap is 16 points in favour of KLA Corporation.

INDUSTRY COMPARISON

Both operate in: Semiconductor Equipment & Materials

This comparison is based on industry proximity, not on functional trajectory similarity. ASM.AS and KLAC share the same industry classification.

For a similarity-based comparison, see how ASM International and KLA each position within their functional peer groups in AssetNext.

Peer-Relative Score
ASM.AS
ASM International NV
41
Peer-Score
Signal qualityMedium
vs
KLAC
KLA Corporation
57
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: ASM.AS vs KLAC Profitability 69 81 Stability 41 47 Valuation 32 55 Growth 11 32 ASM.AS KLAC
Gap Ranking
#1 Valuation +23
#2 Growth +21
#3 Profitability +12
#4 Stability +6
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ASM.AS and KLAC Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ASM.ASKLAC Relative valuation Structural strength

KLA Corporation looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
On valuation, KLA Corporation is positioned higher in the group, while ASM International NV is closer to the middle.
Growth
Neither side looks especially strong on growth, though KLA Corporation still ranks somewhat higher.
Valuation — Dominant Gap
ASM.AS
32
KLAC
55
Gap+23in favour of KLAC

The multiple-based pricing edge comes from a trailing P/E that is 2.9 turns lower.

What keeps the gap from being one-sided

ASM International NV still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

The lead is built on both valuation and growth, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the ASM.AS vs KLAC comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar valuation-and-growth comparisons

Explore how ASM.AS and KLAC each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.