ASX vs. GFS: ASE vs. GLOBALFOUNDRIES Stock Comparison

November 11, 2026

How do ASE (ASX) and GLOBALFOUNDRIES (GFS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

ASE (ASX) and GLOBALFOUNDRIES (GFS) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

ASE (ASX) has more than two decades of public-market history since October 2, 2000, whereas GLOBALFOUNDRIES (GFS) listed on October 28, 2021 and has a much shorter record to draw on.

GLOBALFOUNDRIES (GFS) trades as ordinary local shares, while ASE (ASX) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for ASE (ASX) and GLOBALFOUNDRIES (GFS)
Profile Item	ASX	GFS
Name	ASE Technology Holding Co., Ltd. ADR	GlobalFoundries Inc.
Country/Region	Taiwan	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductors
Market Capitalization	69.83 billion USD	21.53 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	October 2, 2000	October 28, 2021
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

ASX

GFS

GSPC

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

Trailing Returns

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Trailing total returns for ASE (ASX) and GLOBALFOUNDRIES (GFS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for ASE (ASX) and GLOBALFOUNDRIES (GFS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for ASE (ASX) and GLOBALFOUNDRIES (GFS)
Metric	ASX	GFS
Total Return (1Y)	127.56%	19.69%
Total Return (3Y, Annualized)	67.56%	-7.06%
Total Return (5Y, Annualized)	41.55%	-7.38%

Risk Profile

Drawdown History

ASX

GFS

GSPC

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

Return Distribution

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Distribution of monthly total returns for ASE (ASX) and GLOBALFOUNDRIES (GFS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ASE (ASX) and GLOBALFOUNDRIES (GFS)
Metric	ASX	GFS
Volatility (1Y, Annualized)	62.95%	62.43%
Beta (5Y)	1.83	1.84
Max Drawdown (5Y)	-40.64%	-61.53%
Avg. Volume (3M)	7.76M	4.75M

Risk-Adjusted Performance

Risk-Return Positioning

ASX and GFS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for ASE (ASX) and GLOBALFOUNDRIES (GFS)
Metric	ASX	GFS
Sharpe Ratio (1Y)	1.96	0.25
Sortino Ratio (1Y)	2.77	0.37

Profitability

ROE (TTM)

Both ASE (ASX) at 19.90% and GLOBALFOUNDRIES (GFS) at 1.69% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

ASX

Semiconductors & Semiconductor Equipment industry group

19.90%

Max: 52.82%
Q3: 22.26%
ASX: 19.90%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

GFS

Semiconductors & Semiconductor Equipment industry group

1.69%

Max: 52.82%
Q3: 22.26%
Median: 10.58%
GFS: 1.69%
Q1: 1.29%
Min: -16.89%

ASE (ASX) vs. GLOBALFOUNDRIES (GFS): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

Both ASE (ASX) at 9.78% and GLOBALFOUNDRIES (GFS) at 2.76% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

ASX

Semiconductors & Semiconductor Equipment industry group

9.78%

Max: 63.80%
Q3: 28.36%
Median: 11.44%
ASX: 9.78%
Q1: 0.90%
Min: -37.77%

GFS

Semiconductors & Semiconductor Equipment industry group

2.76%

Max: 63.80%
Q3: 28.36%
Median: 11.44%
GFS: 2.76%
Q1: 0.90%
Min: -37.77%

ASE (ASX) vs. GLOBALFOUNDRIES (GFS): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Both ASE (ASX) at 13.57% and GLOBALFOUNDRIES (GFS) at 12.11% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ASX

Semiconductors & Semiconductor Equipment industry group

13.57%

Max: 58.66%
Q3: 30.23%
Median: 15.91%
ASX: 13.57%
Q1: 7.54%
Min: -25.74%

GFS

Semiconductors & Semiconductor Equipment industry group

12.11%

Max: 58.66%
Q3: 30.23%
Median: 15.91%
GFS: 12.11%
Q1: 7.54%
Min: -25.74%

ASE (ASX) vs. GLOBALFOUNDRIES (GFS): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for ASE (ASX) and GLOBALFOUNDRIES (GFS)
Metric	ASX	GFS
ROE (TTM)	19.90%	1.69%
ROA (TTM)	5.36%	3.11%
Net Margin (TTM)	9.78%	2.76%
Operating Margin (TTM)	13.57%	12.11%
Gross Margin (TTM)	20.80%	28.47%

Growth

Revenue Growth

Both ASE (ASX) at 8.39% and GLOBALFOUNDRIES (GFS) at 0.61% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

ASE (ASX) vs. GLOBALFOUNDRIES (GFS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: ASE (ASX) reports EPS growth of 22.96%, ranked against its industry; GLOBALFOUNDRIES (GFS) has no EPS growth figure this period.

ASE (ASX) vs. GLOBALFOUNDRIES (GFS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ASE (ASX) and GLOBALFOUNDRIES (GFS)
Metric	ASX	GFS
Revenue Growth (YoY)	8.39%	0.61%
Revenue Growth (3Y CAGR)	-1.28%	-5.74%
EPS Growth (YoY)	22.96%	--
EPS Growth (3Y CAGR)	-13.66%	-15.34%

Financial Strength

Current Ratio (MRQ)

GLOBALFOUNDRIES (GFS) at 2.58 keeps current ratio within its industry’s typical mid-range, while ASE (ASX) at 1.16 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ASX.

ASX

Semiconductors & Semiconductor Equipment industry group

1.16

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
ASX: 1.16
Min: 1.03

GFS

Semiconductors & Semiconductor Equipment industry group

2.58

Max: 10.33
Q3: 5.62
Median: 3.33
GFS: 2.58
Q1: 2.35
Min: 1.03

ASE (ASX) vs. GLOBALFOUNDRIES (GFS): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

GLOBALFOUNDRIES (GFS) at 0.14 carries an industry-typical debt-to-equity mix, while ASE (ASX) at 0.87 uses more debt funding than most peers.

ASX

Semiconductors & Semiconductor Equipment industry group

0.87

Max: 1.46
ASX: 0.87
Q3: 0.65
Median: 0.27
Q1: 0.04
Min: 0.00

GFS

Semiconductors & Semiconductor Equipment industry group

0.14

Max: 1.46
Q3: 0.65
Median: 0.27
GFS: 0.14
Q1: 0.04
Min: 0.00

ASE (ASX) vs. GLOBALFOUNDRIES (GFS): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for ASE (ASX) and GLOBALFOUNDRIES (GFS)
Metric	ASX	GFS
Current Ratio (MRQ)	1.16	2.58
Debt / Equity (MRQ)	0.87	0.14
Net Debt / EBITDA	1.85	-0.27

Dividends

Dividend Yield (TTM)

ASE (ASX) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile GLOBALFOUNDRIES (GFS) reports a yield of 0.66%, ranking against industry peers normally.

ASX

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 1.37%
Q3: 0.65%
ASX: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

GFS

Semiconductors & Semiconductor Equipment industry group

0.66%

Max: 1.37%
GFS: 0.66%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ASE (ASX) vs. GLOBALFOUNDRIES (GFS): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Both pay out more than their industries’ typical bands, and GFS more so: ASE (ASX) at 39.77% sits above the band, while GLOBALFOUNDRIES (GFS) at 68.57% exceeds every peer in its group.

ASX

Semiconductors & Semiconductor Equipment industry group

39.77%

Max: 49.64%
ASX: 39.77%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

GFS

Semiconductors & Semiconductor Equipment industry group

68.57%

GFS: 68.57%
Max: 49.64%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ASE (ASX) vs. GLOBALFOUNDRIES (GFS): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for ASE (ASX) and GLOBALFOUNDRIES (GFS)
Metric	ASX	GFS
Dividend Yield (TTM)	0.00%	0.66%
Dividend Payout Ratio (TTM)	39.77%	68.57%

Valuation

P/E Ratio (TTM)

ASE (ASX) at 30.41 is near its industry’s usual P/E ratio, while GLOBALFOUNDRIES (GFS) at 110.34 sits in the richer quartile — GFS needs stronger growth or earnings quality to justify the premium.

ASX

Semiconductors & Semiconductor Equipment industry group

30.41

Max: 110.34
Q3: 66.81
Median: 37.02
ASX: 30.41
Q1: 23.96
Min: 8.12

GFS

Semiconductors & Semiconductor Equipment industry group

110.34

GFS: 110.34
Max: 110.34
Q3: 66.81
Median: 37.02
Q1: 23.96
Min: 8.12

ASE (ASX) vs. GLOBALFOUNDRIES (GFS): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

ASE (ASX) at 0.09 sits in the cheaper P/S ratio quartile while GLOBALFOUNDRIES (GFS) at 3.01 prices around its industry’s middle — ASX costs less per dollar of sales, though read it alongside growth and margins.

ASX

Semiconductors & Semiconductor Equipment industry group

0.09

Max: 21.42
Q3: 12.27
Median: 5.76
Q1: 2.73
ASX: 0.09
Min: 0.00

GFS

Semiconductors & Semiconductor Equipment industry group

3.01

Max: 21.42
Q3: 12.27
Median: 5.76
GFS: 3.01
Q1: 2.73
Min: 0.00

ASE (ASX) vs. GLOBALFOUNDRIES (GFS): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

GLOBALFOUNDRIES (GFS) at 1.80 sits in the lower P/B ratio quartile against book while ASE (ASX) at 5.34 is valued near its industry’s middle — GFS is cheaper on assets, though weigh it against ROE and asset quality.

ASX

Semiconductors & Semiconductor Equipment industry group

5.34

Max: 14.06
Q3: 7.44
ASX: 5.34
Median: 4.29
Q1: 2.30
Min: 0.20

GFS

Semiconductors & Semiconductor Equipment industry group

1.80

Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
GFS: 1.80
Min: 0.20

ASE (ASX) vs. GLOBALFOUNDRIES (GFS): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for ASE (ASX) and GLOBALFOUNDRIES (GFS)
Metric	ASX	GFS
P/E Ratio (TTM)	30.41	110.34
P/S Ratio (TTM)	0.09	3.01
P/B Ratio (MRQ)	5.34	1.80
Free Cash Flow Yield (TTM)	-275.26%	2.04%