ADBE vs ASML: Which Is the Better Buy?
Side-by-side comparison of Adobe Inc. and ASML Holding N.V. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-24.
Adobe Inc. · Technology
$238.25
+13.5% upside to fair value
Med Conviction
Grade B
High Quality
VS
ASML Holding N.V. · Technology
$1,744.61
-0.7% upside to fair value
Med Conviction
Grade C
High Quality
QuantHub Verdict
ADBE has more upside to fair value
(+13.5%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
ADBE |
ASML |
| Current Price |
$238.25 |
$1,744.61 |
| Fair Value Estimate |
$270.38 |
$1,732.49 |
| Upside to Fair Value |
+13.5%
|
-0.7%
|
| Market Cap |
$94.7B |
$672.4B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
9.5x
|
42.0x
|
| Price / Sales |
3.6x
|
19.0x
|
| Price / FCF |
8.6x
|
67.2x
|
| Revenue Growth YoY |
+12.9%
|
+21.3%
|
| Gross Margin |
89.1%
|
52.7%
|
| Operating Margin |
35.7%
|
35.4%
|
| Return on Equity |
62.9%
|
52.4%
|
| Dividend Yield |
0% |
0.51% |
| FCF Yield |
11.63%
|
1.49%
|
| Analyst Consensus |
Hold
|
Buy
|
Investment Thesis
Adobe is a global software provider organized into Digital Media, Digital Experience, and Publishing and Advertising, with Creative Cloud as its subscription flagship and Document Cloud as its cloud-native document platform. The business quality is high on fundamentals: TTM gross margin of 89.1%, TTM operating margin of 35.7%, TTM net margin of 28.0%, ROE of 62.9%, and free cash flow of $27.69 pe…
ASML Holding N.V. is the Dutch semiconductor equipment maker that supplies lithography, metrology, and inspection systems, including the extreme ultraviolet (EUV) machines required to pattern the most advanced logic and memory chips, and it holds what current coverage describes as a near-monopoly on those EUV tools. The business quality is genuinely high: TTM gross margin of 52.7%, TTM operating …
Accumulation Zones
| Metric |
ADBE |
ASML |
| Zone Low |
$202.78 |
$1,299.37 |
| Zone High |
$229.82 |
$1,472.62 |
| In Buy Zone? |
No
|
No
|