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ASX vs. Q: ASE vs. Qnity Electronics Stock Comparison

How do ASE (ASX) and Qnity Electronics (Q) 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 Qnity Electronics (Q) both belong to the Semiconductors & Semiconductor Equipment industry, though ASX is classified under Semiconductors while Q falls under Semiconductor Materials & Equipment.

ASE (ASX) carries decades of public-market history since October 2, 2000, while Qnity Electronics (Q) listed on October 27, 2025 — long-window comparisons have far more historical data on the ASX side.

Qnity Electronics (Q) 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 Qnity Electronics (Q)
Profile ItemASXQ
NameASE Technology Holding Co., Ltd. ADRQnity Electronics Inc.
Country/RegionTaiwanUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS Sub-IndustrySemiconductorsSemiconductor Materials & Equipment
Market Capitalization69.83 billion USD24.46 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateOctober 2, 2000October 27, 2025
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

ASX
Q
GSPC
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ASE (ASX) vs. Qnity Electronics (Q), 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 Qnity Electronics (Q). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ASE (ASX) and Qnity Electronics (Q)
MetricASXQ
Total Return (1Y)127.56%35.04%
Total Return (3Y, Annualized)67.56%--
Total Return (5Y, Annualized)41.55%--

Risk Profile

Drawdown History

ASX
Q
GSPC
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ASE (ASX) vs. Qnity Electronics (Q), 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 Qnity Electronics (Q). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ASE (ASX) and Qnity Electronics (Q)
MetricASXQ
Volatility (1Y, Annualized)62.95%55.87%
Beta (5Y)1.831.49
Max Drawdown (5Y)-40.64%-38.03%
Avg. Volume (3M)7.76M1.73M

Risk-Adjusted Performance

Risk-Return Positioning

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ASX and Q 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 Qnity Electronics (Q)
MetricASXQ
Sharpe Ratio (1Y)1.960.55
Sortino Ratio (1Y)2.770.80

Profitability

ROE (TTM)

Both ASE (ASX) at 19.90% and Qnity Electronics (Q) at 6.98% 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%

Q

Semiconductors & Semiconductor Equipment industry group

6.98%

Max
52.82%
Q3
22.26%
Median
10.58%
Q
6.98%
Q1
1.29%
Min
-16.89%
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ASE (ASX) vs. Qnity Electronics (Q): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

Both ASE (ASX) at 9.78% and Qnity Electronics (Q) at 10.16% 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%

Q

Semiconductors & Semiconductor Equipment industry group

10.16%

Max
63.80%
Q3
28.36%
Median
11.44%
Q
10.16%
Q1
0.90%
Min
-37.77%
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ASE (ASX) vs. Qnity Electronics (Q): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

Both ASE (ASX) at 13.57% and Qnity Electronics (Q) at 25.00% 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%

Q

Semiconductors & Semiconductor Equipment industry group

25.00%

Max
58.66%
Q3
30.23%
Q
25.00%
Median
15.91%
Q1
7.54%
Min
-25.74%
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ASE (ASX) vs. Qnity Electronics (Q): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for ASE (ASX) and Qnity Electronics (Q)
MetricASXQ
ROE (TTM)19.90%6.98%
ROA (TTM)5.36%5.78%
Net Margin (TTM)9.78%10.16%
Operating Margin (TTM)13.57%25.00%
Gross Margin (TTM)20.80%46.92%

Growth

Revenue Growth

Both ASE (ASX) at 8.39% and Qnity Electronics (Q) at 9.67% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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ASE (ASX) vs. Qnity Electronics (Q): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both ASE (ASX) at 22.96% and Qnity Electronics (Q) at -0.27% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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ASE (ASX) vs. Qnity Electronics (Q): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ASE (ASX) and Qnity Electronics (Q)
MetricASXQ
Revenue Growth (YoY)8.39%9.67%
Revenue Growth (3Y CAGR)-1.28%-0.01%
EPS Growth (YoY)22.96%-0.27%
EPS Growth (3Y CAGR)-13.66%--

Financial Strength

Current Ratio (MRQ)

Both ASE (ASX) at 1.16 and Qnity Electronics (Q) at 2.09 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

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

Q

Semiconductors & Semiconductor Equipment industry group

2.09

Max
10.33
Q3
5.62
Median
3.33
Q1
2.35
Q
2.09
Min
1.03
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ASE (ASX) vs. Qnity Electronics (Q): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Qnity Electronics (Q) at 0.57 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

Q

Semiconductors & Semiconductor Equipment industry group

0.57

Max
1.46
Q3
0.65
Q
0.57
Median
0.27
Q1
0.04
Min
0.00
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ASE (ASX) vs. Qnity Electronics (Q): 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 Qnity Electronics (Q)
MetricASXQ
Current Ratio (MRQ)1.162.09
Debt / Equity (MRQ)0.870.57
Net Debt / EBITDA1.852.07

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 Qnity Electronics (Q) reports a yield of 0.27%, 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%

Q

Semiconductors & Semiconductor Equipment industry group

0.27%

Max
1.37%
Q3
0.65%
Q
0.27%
Median
0.00%
Q1
0.00%
Min
0.00%
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ASE (ASX) vs. Qnity Electronics (Q): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Qnity Electronics (Q) at 11.28% pays out a band-typical share of earnings, while ASE (ASX) at 39.77% distributes more than its industry norm — less retained, thinner cover.

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%

Q

Semiconductors & Semiconductor Equipment industry group

11.28%

Max
49.64%
Q3
21.71%
Q
11.28%
Median
0.00%
Q1
0.00%
Min
0.00%
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ASE (ASX) vs. Qnity Electronics (Q): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for ASE (ASX) and Qnity Electronics (Q)
MetricASXQ
Dividend Yield (TTM)0.00%0.27%
Dividend Payout Ratio (TTM)39.77%11.28%

Valuation

P/E Ratio (TTM)

Both ASE (ASX) at 30.41 and Qnity Electronics (Q) at 43.98 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

Q

Semiconductors & Semiconductor Equipment industry group

43.98

Max
110.34
Q3
66.81
Q
43.98
Median
37.02
Q1
23.96
Min
8.12
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ASE (ASX) vs. Qnity Electronics (Q): 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 Qnity Electronics (Q) at 4.46 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

Q

Semiconductors & Semiconductor Equipment industry group

4.46

Max
21.42
Q3
12.27
Median
5.76
Q
4.46
Q1
2.73
Min
0.00
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ASE (ASX) vs. Qnity Electronics (Q): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both ASE (ASX) at 5.34 and Qnity Electronics (Q) at 3.22 are valued close to their industries’ norm against book — neither stands out from peers.

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

Q

Semiconductors & Semiconductor Equipment industry group

3.22

Max
14.06
Q3
7.44
Median
4.29
Q
3.22
Q1
2.30
Min
0.20
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ASE (ASX) vs. Qnity Electronics (Q): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for ASE (ASX) and Qnity Electronics (Q)
MetricASXQ
P/E Ratio (TTM)30.4143.98
P/S Ratio (TTM)0.094.46
P/B Ratio (MRQ)5.343.22
Free Cash Flow Yield (TTM)-275.26%2.85%