SKHY vs ASML: which stock is the better value?

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

Both companies are in the Information Technology sector and the Semiconductors & Semiconductor Equipment industry group, but they operate in different parts of the semiconductor supply chain. That makes context important when comparing their valuations. At the latest adjusted close on 2026-10-29, SK Hynix traded at US$162.09 per share, with a market cap of US$1,161.4 billion. ASML traded at US$1,675.70 per share, with a market cap of US$640.9 billion. Share prices alone don’t show which stock is cheaper. The P/E, PEG and P/B ratios offer a more useful, though still limited, comparison.

Investor takeaway: SK Hynix has lower reported P/E, PEG and P/B ratios. It also has higher reported TTM ROE, while ASML has the higher dividend yield. These figures don’t account for differences in business models, future results, risk or the assumptions behind the ratios. Both companies have a Strong Buy analyst consensus label in the supplied table, but that doesn’t settle which stock offers better value.

SK Hynix is lower on all three supplied valuation multiples

SK Hynix reports a P/E of 10.5, a PEG of 0.21 and a P/B of 5.83. ASML’s figures are 40.9, 0.87 and 1,438.86, respectively. These numbers show that SK Hynix screens cheaper on the measures provided. They don’t prove it’s mispriced or the better value overall.

How the valuation multiples compare

SK Hynix has the lower figure for each measure provided. Its P/E is 10.5 versus ASML’s 40.9, its PEG is 0.21 versus 0.87, and its P/B is 5.83 versus 1,438.86. On these multiples, SK Hynix is the cheaper-looking stock.

P/E compares a company’s price with its earnings. PEG relates valuation to growth assumptions, while P/B compares market value with book value. Each ratio has limits, and this snapshot doesn’t include the assumptions needed to interpret them fully. For company details, see SK Hynix and ASML.

Profitability, dividends and analyst context

SK Hynix’s reported TTM ROE is 92.7%, compared with 65.6% for ASML. Dividend yields favor ASML: 0.56% versus 0.07% for SK Hynix. Both companies have a Strong Buy analyst consensus label in the supplied table. The listed analyst targets are US$256.36 for SK Hynix and US$2,137.97 for ASML.

These are figures from a single snapshot, not guarantees of future performance. Analyst targets don’t change the fact that SK Hynix has lower values on the three multiples provided. When comparing the companies, consider how their businesses differ and what a single-date snapshot can—and can’t—tell you.