ASE Technology (ASX) Stock Analysis

June 25, 2026

This is a peer-relative look at ASE Technology (ASX): its performance, risk, profitability, financial strength, dividend, and valuation are each measured against its Semiconductors & Semiconductor Equipment peers, so every number reads in context rather than in isolation.

Company Profile

ASE Technology (ASX) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile fields for ASE Technology (ASX)
Profile Item	ASX
Name	ASE Technology Holding Co., Ltd. Sponsored ADR
Country/Region	Taiwan
GICS Sector	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors
Market Capitalization	90.70 billion USD
Currency	USD
Exchange	NYSE
Listing Date	October 2, 2000
Security Type	ADR

Performance

Cumulative Growth

ASX

GSPC

ASE Technology (ASX) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for ASE Technology (ASX) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

ASE Technology (ASX) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ASX	Industry group median
Total Return (1Y)	304.02%	136.20%

Risk

Drawdown

ASX

GSPC

ASE Technology (ASX) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

ASE Technology (ASX) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ASX	Industry group median
Volatility (1Y, Annualized)	48.55%	65.57%
Beta (5Y)	1.68	1.74

Profitability

ROE (TTM)

ASE Technology (ASX) posts ROE of 13.58%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

ASX

Semiconductors & Semiconductor Equipment industry group

13.58%

Group distribution

Max: 39.82%
Q3: 18.12%
ASX: 13.58%
Median: 6.77%
Q1: -4.30%
Min: -35.15%

Largest peers

NVDA: 114.29%
ASML: 52.24%
MU: 39.82%
AVGO: 37.28%
TSM: 36.21%
ASX: 13.58%
AMD: 8.06%

Where ASE Technology (ASX) stands on ROE within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

ASE Technology (ASX) keeps 7.04% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

ASX

Semiconductors & Semiconductor Equipment industry group

7.04%

Group distribution

Max: 46.63%
Q3: 21.03%
Median: 7.60%
ASX: 7.04%
Q1: -3.31%
Min: -32.92%

Largest peers

NVDA: 62.97%
TSM: 46.51%
MU: 41.49%
AVGO: 38.85%
ASML: 29.71%
AMD: 13.37%
ASX: 7.04%

Where ASE Technology (ASX) stands on net margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

ASE Technology (ASX) turns 10.10% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

ASX

Semiconductors & Semiconductor Equipment industry group

10.10%

Group distribution

Max: 65.60%
Q3: 22.15%
Median: 10.26%
ASX: 10.10%
Q1: -8.08%
Min: -46.64%

Largest peers

MU: 67.62%
NVDA: 65.60%
TSM: 58.11%
AVGO: 48.99%
ASML: 36.02%
AMD: 14.40%
ASX: 10.10%

Where ASE Technology (ASX) stands on operating margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

ASE Technology (ASX) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ASX	Industry group median
ROE (TTM)	13.58%	6.77%
ROA (TTM)	4.23%	3.09%
Net Margin (TTM)	7.04%	7.60%
Operating Margin (TTM)	10.10%	10.26%
Gross Margin (TTM)	18.51%	46.35%

Financial Strength

Current Ratio (MRQ)

ASE Technology (ASX) has current ratio of 1.15, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

ASX

Semiconductors & Semiconductor Equipment industry group

1.15

Group distribution

Max: 11.30
Q3: 6.00
Median: 3.23
Q1: 2.36
ASX: 1.15
Min: 0.51

Largest peers

NVDA: 3.44
MU: 2.90
AMD: 2.73
TSM: 2.49
AVGO: 2.24
ASML: 1.36
ASX: 1.15

Where ASE Technology (ASX) stands on current ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

ASE Technology (ASX) has debt-to-equity ratio of 0.67, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.

ASX

Semiconductors & Semiconductor Equipment industry group

0.67

Group distribution

Max: 1.53
ASX: 0.67
Q3: 0.64
Median: 0.23
Q1: 0.05
Min: 0.00

Largest peers

AVGO: 0.74
ASX: 0.67
TSM: 0.18
MU: 0.15
ASML: 0.13
NVDA: 0.07
AMD: 0.06

Where ASE Technology (ASX) stands on debt-to-equity ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength at a Glance

ASE Technology (ASX) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ASX	Industry group median
Current Ratio (MRQ)	1.15	3.23
Debt / Equity (MRQ)	0.67	0.23
Net Debt / EBITDA	1.14	-0.25

Dividends

Dividend Yield (TTM)

ASE Technology (ASX) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

ASX

Semiconductors & Semiconductor Equipment industry group

0.00%

Group distribution

Max: 0.50%
Q3: 0.23%
ASX: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

TSM: 5.50%
AVGO: 0.67%
ASML: 0.33%
NVDA: 0.02%
ASX: 0.00%
MU: 0.00%
AMD: 0.00%

Where ASE Technology (ASX) stands on dividend yield within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

ASE Technology (ASX) has payout ratio of 50.88%, above the peer distribution for its industry. The dividend consumes more reported earnings than peers normally do, leaving unusually thin earnings cover.

ASX

Semiconductors & Semiconductor Equipment industry group

50.88%

Group distribution

ASX: 50.88%
Max: 47.82%
Q3: 19.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

ASX: 50.88%
AVGO: 41.26%
TSM: 27.93%
ASML: 25.82%
MU: 1.12%
NVDA: 0.61%
AMD: 0.00%

Where ASE Technology (ASX) stands on payout ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

ASE Technology (ASX) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ASX	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	50.88%	0.00%

Valuation

P/E Ratio (TTM)

ASE Technology (ASX) trades at P/E ratio of 64.59, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

ASX

Semiconductors & Semiconductor Equipment industry group

64.59

Group distribution

Max: 272.87
Q3: 143.90
Median: 69.46
ASX: 64.59
Q1: 47.40
Min: 4.06

Largest peers

AMD: 172.67
ASX: 64.59
AVGO: 63.68
ASML: 59.53
TSM: 38.04
NVDA: 30.47
MU: 23.70

Where ASE Technology (ASX) stands on P/E ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

ASE Technology (ASX) trades at 0.14 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

ASX

Semiconductors & Semiconductor Equipment industry group

0.14

Group distribution

Max: 39.42
Q3: 20.66
Median: 10.46
Q1: 4.21
ASX: 0.14
Min: 0.01

Largest peers

AVGO: 24.09
AMD: 22.63
MU: 20.35
ASML: 20.16
NVDA: 19.01
TSM: 0.56
ASX: 0.14

Where ASE Technology (ASX) stands on P/S ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

ASE Technology (ASX) trades at 8.21 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

ASX

Semiconductors & Semiconductor Equipment industry group

8.21

Group distribution

Max: 26.61
Q3: 13.42
ASX: 8.21
Median: 7.60
Q1: 3.92
Min: 0.21

Largest peers

ASML: 1,579.64
TSM: 67.43
NVDA: 24.66
AVGO: 20.73
MU: 16.32
AMD: 13.14
ASX: 8.21

Where ASE Technology (ASX) stands on P/B ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

ASE Technology (ASX) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: ASX	Industry group median
P/E Ratio (TTM)	64.59	69.46
P/S Ratio (TTM)	0.14	10.46
P/B Ratio (MRQ)	8.21	7.60
Free Cash Flow Yield (TTM)	-72.91%	0.76%