SKHY vs ASML: which stock is the better value?

SK Hynix looks cheaper than ASML on all three valuation measures in this snapshot. That’s a useful starting point, but it doesn’t tell you which stock is the better investment.

SK Hynix and ASML both operate in the semiconductor industry, but their businesses and valuations differ. At the November 5, 2026 adjusted close, SK Hynix traded at US$123.90 per share, with a market cap of US$1,008.9 billion. ASML closed at US$1,356.65 per share, with a market cap of US$576.7 billion. Share prices alone don’t tell you which company offers better value. On the P/E, PEG and P/B figures provided, SK Hynix has the lower multiple in each case. Both companies have a Strong Buy analyst consensus label in our table, but that label and the listed price targets don’t settle the valuation question.

Investor takeaway: SK Hynix has the lower figures across all three measures: a P/E of 9.1 versus 36.8, a PEG of 0.19 versus 0.83, and a P/B of 3.84 versus 1,164.91. Lower multiples don’t prove that a stock is undervalued or will outperform. The figures don’t show the assumptions behind earnings or growth, and a single snapshot can’t capture how either business may change.

SK Hynix has the lower P/E, PEG and P/B

The supplied figures are 9.1, 0.19 and 3.84 for SK Hynix, compared with 36.8, 0.83 and 1,164.91 for ASML. SK Hynix is cheaper on each listed measure, but that doesn’t prove it’s undervalued or likely to perform better.

The valuation snapshot

The figures point in one direction: SK Hynix has lower P/E, PEG and P/B multiples. P/E compares a share price with earnings. PEG relates valuation to a growth measure, while P/B compares market value with book value. The snapshot doesn’t include the underlying forecasts or accounting details, so treat it as a screening comparison, not a complete assessment. For more company-specific information, see SK Hynix and ASML.

What else the figures show

SK Hynix reports TTM ROE of 92.5%, compared with 65.6% for ASML. ASML has the higher dividend yield: 0.62% versus 0.08% for SK Hynix. Both companies have a Strong Buy analyst consensus label in our table. Their listed analyst targets are US$260.64 for SK Hynix and US$2,153.81 for ASML. Targets and consensus labels aren’t guarantees, and the snapshot doesn’t explain the methods or assumptions behind them.

A lower multiple is only one clue

A lower valuation can be a reason to look more closely, but it doesn’t establish fair value, business quality or future returns. The figures also don’t explain why the market values these companies differently. If you’re comparing the two, consider their business outlooks, earnings durability and risks alongside the snapshot. No single metric gives you the full picture.