• We compare four chip equipment makers on various metrics as there are really substantial differences in performance, growth and valuation.
• We try to tease out some tentative conclusions from this.
• One of these conclusions is that ASML Holdings is very richly valued compared to the other three, on metrics, there seems little to warrant that valuation gap.

Source: Booming Chips – Applied Materials, Inc. (NASDAQ:AMAT) | Seeking Alpha