“ASML's expensive forward PE relative to its historical median makes it unattractive at current levels.”
Why he says it — point by point
FAVORABLE & AGAINST · BOTH KEPTWhy
ASML is trading at a very expensive forward PE ratio compared to historical numbers. Right now, sitting at roughly 46 where almost in the past decade the median was around 32.
Risk
Personally, I'm not a purchaser of ASML at these levels, but there are a lot of bullish tailwinds ahead.
The structured call
The receipt
Publish-day price $$1,726.04 · the claim is anchored to the moment it was said.