Home Compare ASML.AS vs GRMN
Stock Comparison · Structural lead, mixed market

ASML Holding N.V. vs Garmin: Which Stock Looks Stronger in 2026?

Garmin holds the cleaner structural position, with the lead spread across valuation and profitability. ASML still has the edge on profitability, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. 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. Peer scores are normalised within each company's primary universe (ASML.AS: STOXX 600, GRMN: S&P 500).

Updated 2026-07-05

The lead is spread across valuation and stability, rather than sitting in one isolated gap. The overall score gap is 11 points in favour of Garmin Ltd..

Trajectory Similarity
0.72
Similar
Peer-set rank: #5
within ASML Holding N.V.'s functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The clearest structural overlap shows up in recent revenue growth and capital structure.

Similarity drivers
recent revenue growthcapital structure
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
ASML.AS
ASML Holding N.V.
38
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
GRMN
Garmin Ltd.
49
Peer-Score
Signal qualitylow
Peer basis: S&P 500

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: ASML.AS vs GRMN Profitability 60 27 Stability 38 65 Valuation 21 68 Growth 27 36 ASML.AS GRMN
Gap Ranking
#1 Valuation +47
#2 Profitability +33
#3 Stability +27
#4 Growth +9
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ASML.AS and GRMN Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ASML.ASGRMN Relative valuation Structural strength

Structure stays fairly close here, while current pricing still looks more supportive for Garmin Ltd..

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

Entry today — historical context

Where ASML.AS and GRMN each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY ASML.AS Elevated · above norm 0th 50th 100th 3 pct gap GRMN Elevated · above norm 0th 50th 100th 99th 96th
ASML.AS (99th percentile) and GRMN (96th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
Garmin Ltd. ranks near the top of the group on valuation; ASML Holding N.V. sits in the weaker half.
Profitability
ASML Holding N.V. sits in the stronger part of the group on profitability, while Garmin Ltd. is closer to mid-pack.
Valuation — Dominant Gap
ASML.AS
21
GRMN
68
Gap+47in favour of GRMN

The multiple-based pricing edge comes from a forward P/E that is 14.6 turns lower.

What keeps the gap from being one-sided

Profitability still favours ASML, with a 11.4-point operating margin advantage keeping the comparison from looking fully resolved.

What this means for the comparison

Valuation settles the comparison, while pricing and profitability keep the broader setup from looking fully aligned.

Explore full peer positioning in AssetNext

Break down the ASML.AS vs GRMN comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how ASML.AS and GRMN 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.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

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.