ASX vs. IONQ: A Head-to-Head Stock Comparison

Updated on July 8, 2025

Here’s a clear look at ASX and IONQ, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Overview

ASX’s market capitalization of 22.53 billion USD is substantially larger than IONQ’s 11.61 billion USD, indicating a significant difference in their market valuations.

IONQ carries a higher beta at 2.59, indicating it’s more sensitive to market moves, while ASX (beta: 0.92) exhibits greater stability.

ASX trades as an American Depositary Receipt (ADR), offering U.S. investors a convenient way to access its foreign-listed shares. In contrast, IONQ is a standard domestic listing.

Symbol	ASX	IONQ
Company Name	ASE Technology Holding Co., Ltd.	IonQ, Inc.
Country	TW	US
Sector	Technology	Technology
Industry	Semiconductors	Computer Hardware
CEO	Hung-Pen Chang	Niccolo Mcleod de Masi
Price	10.37 USD	44.39 USD
Market Cap	22.53 billion USD	11.61 billion USD
Beta	0.92	2.59
Exchange	NYSE	NYSE
IPO Date	October 2, 2000	January 4, 2021
ADR	Yes	No

Historical Performance

This chart compares the performance of ASX and IONQ by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.

Data is adjusted for dividends and splits.

ASX vs. IONQ: Growth of a $10,000 investment over the past one year.

Profitability

Return on Equity

ASX

11.03%

Semiconductors Industry

Max: 41.84%
Q3: 15.81%
Median: 6.31%
Q1: -5.54%
Min: -30.12%

ASX’s Return on Equity of 11.03% is on par with the norm for the Semiconductors industry, indicating its profitability relative to shareholder equity is typical for the sector.

IONQ

-63.35%

Computer Hardware Industry

Max: 123.03%
Q3: 15.78%
Median: -13.44%
Q1: -119.16%
Min: -227.95%

IONQ has a negative Return on Equity of -63.35%. This indicates the company is generating a loss for its shareholders, which can be a result of unprofitability or negative shareholder equity and is often a sign of financial distress.

ASX vs. IONQ: A comparison of their ROE against their respective Semiconductors and Computer Hardware industry benchmarks.

Return on Invested Capital

ASX

5.98%

Semiconductors Industry

Max: 30.91%
Q3: 11.34%
Median: 4.08%
Q1: -2.17%
Min: -19.59%

ASX’s Return on Invested Capital of 5.98% is in line with the norm for the Semiconductors industry, reflecting a standard level of efficiency in generating profits from its capital base.

IONQ

-31.70%

Computer Hardware Industry

Max: 30.37%
Q3: 20.44%
Median: 7.03%
Q1: -12.47%
Min: -31.70%

IONQ has a negative Return on Invested Capital of -31.70%. This indicates that its operations are failing to generate a profit on the total capital invested, signaling significant inefficiency or value destruction.

ASX vs. IONQ: A comparison of their ROIC against their respective Semiconductors and Computer Hardware industry benchmarks.

Net Profit Margin

ASX

5.61%

Semiconductors Industry

Max: 51.69%
Q3: 19.67%
Median: 8.56%
Q1: -5.44%
Min: -38.60%

ASX’s Net Profit Margin of 5.61% is aligned with the median group of its peers in the Semiconductors industry. This indicates its ability to convert revenue into profit is typical for the sector.

IONQ

-753.20%

Computer Hardware Industry

Max: 40.72%
Q3: 10.87%
Median: 4.33%
Q1: -378.64%
Min: -753.20%

IONQ has a negative Net Profit Margin of -753.20%, indicating the company is operating at a net loss as its expenses exceeded its revenues.

ASX vs. IONQ: A comparison of their Net Profit Margin against their respective Semiconductors and Computer Hardware industry benchmarks.

Operating Profit Margin

ASX

7.01%

Semiconductors Industry

Max: 58.03%
Q3: 22.12%
Median: 8.40%
Q1: -3.73%
Min: -36.14%

ASX’s Operating Profit Margin of 7.01% is around the midpoint for the Semiconductors industry, indicating that its efficiency in managing core business operations is typical for the sector.

IONQ

-592.84%

Computer Hardware Industry

Max: 42.27%
Q3: 13.53%
Median: 4.56%
Q1: -295.01%
Min: -592.84%

IONQ has a negative Operating Profit Margin of -592.84%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

ASX vs. IONQ: A comparison of their Operating Margin against their respective Semiconductors and Computer Hardware industry benchmarks.

Profitability at a Glance

Symbol	ASX	IONQ
Return on Equity (TTM)	11.03%	-63.35%
Return on Assets (TTM)	4.43%	-38.15%
Return on Invested Capital (TTM)	5.98%	-31.70%
Net Profit Margin (TTM)	5.61%	-753.20%
Operating Profit Margin (TTM)	7.01%	-592.84%
Gross Profit Margin (TTM)	16.32%	50.07%

Financial Strength

Current Ratio

ASX

1.04

Semiconductors Industry

Max: 9.10
Q3: 5.23
Median: 3.09
Q1: 2.49
Min: 1.02

ASX’s Current Ratio of 1.04 falls into the lower quartile for the Semiconductors industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

IONQ

13.17

Computer Hardware Industry

Max: 20.73
Q3: 11.54
Median: 2.69
Q1: 1.40
Min: 0.73

IONQ’s Current Ratio of 13.17 is in the upper quartile for the Computer Hardware industry. This signifies a strong liquidity position, suggesting the company is well-equipped to cover its immediate liabilities compared to its peers.

ASX vs. IONQ: A comparison of their Current Ratio against their respective Semiconductors and Computer Hardware industry benchmarks.

Debt-to-Equity Ratio

ASX

0.72

Semiconductors Industry

Max: 0.97
Q3: 0.46
Median: 0.21
Q1: 0.05
Min: 0.00

ASX’s leverage is in the upper quartile of the Semiconductors industry, with a Debt-to-Equity Ratio of 0.72. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.

IONQ

0.02

Computer Hardware Industry

Max: 1.36
Q3: 0.67
Median: 0.04
Q1: 0.03
Min: 0.00

Falling into the lower quartile for the Computer Hardware industry, IONQ’s Debt-to-Equity Ratio of 0.02 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

ASX vs. IONQ: A comparison of their D/E Ratio against their respective Semiconductors and Computer Hardware industry benchmarks.

Interest Coverage Ratio

ASX

7.79

Semiconductors Industry

Max: 36.25
Q3: 29.12
Median: 7.01
Q1: -1.22
Min: -18.18

ASX’s Interest Coverage Ratio of 7.79 is positioned comfortably within the norm for the Semiconductors industry, indicating a standard and healthy capacity to cover its interest payments.

IONQ

Computer Hardware Industry

Max: 32.50
Q3: 21.85
Median: 4.98
Q1: -7.71
Min: -34.24

Interest Coverage Ratio data for IONQ is currently unavailable.

ASX vs. IONQ: A comparison of their Interest Coverage against their respective Semiconductors and Computer Hardware industry benchmarks.

Financial Strength at a Glance

Symbol	ASX	IONQ
Current Ratio (TTM)	1.04	13.17
Quick Ratio (TTM)	0.82	12.67
Debt-to-Equity Ratio (TTM)	0.72	0.02
Debt-to-Asset Ratio (TTM)	0.29	0.02
Net Debt-to-EBITDA Ratio (TTM)	1.32	0.61
Interest Coverage Ratio (TTM)	7.79	--

Growth

The following charts compare key year-over-year (YoY) growth metrics for ASX and IONQ. These metrics are based on the companies’ annual financial reports.

Revenue Growth

ASX vs. IONQ: A comparison of their annual year-over-year Revenue Growth.

Earnings Per Share (EPS) Growth

ASX vs. IONQ: A comparison of their annual year-over-year Earnings Per Share (EPS) Growth.

Free Cash Flow Growth

ASX vs. IONQ: A comparison of their annual year-over-year Free Cash Flow Growth.

Dividend

Dividend Yield

ASX

3.60%

Semiconductors Industry

Max: 6.48%
Q3: 0.93%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

With a Dividend Yield of 3.60%, ASX offers a more attractive income stream than most of its peers in the Semiconductors industry, signaling a strong commitment to shareholder returns.

IONQ

0.00%

Computer Hardware Industry

Max: 9.24%
Q3: 1.58%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

IONQ currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

ASX vs. IONQ: A comparison of their Dividend Yield against their respective Semiconductors and Computer Hardware industry benchmarks.

Dividend Payout Ratio

ASX

65.52%

Semiconductors Industry

Max: 204.29%
Q3: 31.85%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ASX’s Dividend Payout Ratio of 65.52% is in the upper quartile for the Semiconductors industry. This indicates a strong commitment to shareholder returns but also suggests that a smaller portion of earnings is retained for reinvestment compared to many peers.

IONQ

-0.01%

Computer Hardware Industry

Max: 193.79%
Q3: 30.72%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

IONQ has a negative Dividend Payout Ratio of -0.01%. This typically means the company paid a dividend despite reporting a net loss, a situation that may signal financial instability.

ASX vs. IONQ: A comparison of their Payout Ratio against their respective Semiconductors and Computer Hardware industry benchmarks.

Dividend at a Glance

Symbol	ASX	IONQ
Dividend Yield (TTM)	3.60%	0.00%
Dividend Payout Ratio (TTM)	65.52%	-0.01%

Valuation

Price-to-Earnings Ratio

ASX

18.57

Semiconductors Industry

Max: 86.15
Q3: 47.38
Median: 27.87
Q1: 18.89
Min: 4.73

In the lower quartile for the Semiconductors industry, ASX’s P/E Ratio of 18.57 suggests the stock may be undervalued compared to its peers, potentially presenting an attractive entry point for investors.

IONQ

-31.31

Computer Hardware Industry

Max: 24.60
Q3: 24.01
Median: 20.31
Q1: 18.24
Min: 13.38

IONQ has a negative P/E Ratio of -31.31. This occurs when a company has negative earnings (a net loss), making the ratio unsuitable for valuation analysis.

ASX vs. IONQ: A comparison of their P/E Ratio against their respective Semiconductors and Computer Hardware industry benchmarks.

Forward P/E to Growth Ratio

ASX

0.73

Semiconductors Industry

Max: 4.73
Q3: 2.80
Median: 1.11
Q1: 0.68
Min: 0.01

The Forward PEG Ratio is often not a primary valuation metric in the Semiconductors industry.

IONQ

13.67

Computer Hardware Industry

Max: 9.77
Q3: 5.18
Median: 1.77
Q1: 1.17
Min: 0.02

The Forward PEG Ratio is often not a primary valuation metric in the Computer Hardware industry.

ASX vs. IONQ: A comparison of their Forward PEG Ratio against their respective Semiconductors and Computer Hardware industry benchmarks.

Price-to-Sales Ratio

ASX

1.05

Semiconductors Industry

Max: 21.96
Q3: 10.21
Median: 4.45
Q1: 2.32
Min: 0.48

In the lower quartile for the Semiconductors industry, ASX’s P/S Ratio of 1.05 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.

IONQ

269.73

Computer Hardware Industry

Max: 57.61
Q3: 47.40
Median: 3.37
Q1: 1.56
Min: 0.43

With a P/S Ratio of 269.73, IONQ trades at a valuation that eclipses even the highest in the Computer Hardware industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

ASX vs. IONQ: A comparison of their P/S Ratio against their respective Semiconductors and Computer Hardware industry benchmarks.

Price-to-Book Ratio

ASX

2.04

Semiconductors Industry

Max: 13.12
Q3: 6.49
Median: 3.31
Q1: 1.74
Min: 0.23

ASX’s P/B Ratio of 2.04 is within the conventional range for the Semiconductors industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

IONQ

13.27

Computer Hardware Industry

Max: 21.21
Q3: 14.71
Median: 9.28
Q1: 3.74
Min: 0.43

IONQ’s P/B Ratio of 13.27 is within the conventional range for the Computer Hardware industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

ASX vs. IONQ: A comparison of their P/B Ratio against their respective Semiconductors and Computer Hardware industry benchmarks.

Valuation at a Glance

Symbol	ASX	IONQ
Price-to-Earnings Ratio (P/E, TTM)	18.57	-31.31
Forward PEG Ratio (TTM)	0.73	13.67
Price-to-Sales Ratio (P/S, TTM)	1.05	269.73
Price-to-Book Ratio (P/B, TTM)	2.04	13.27
Price-to-Free Cash Flow Ratio (P/FCF, TTM)	-63.40	-59.29
EV-to-EBITDA (TTM)	7.08	-49.02
EV-to-Sales (TTM)	1.29	266.43