ASX vs. QCOM: ASE vs. QUALCOMM Stock Comparison

November 11, 2026

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

QUALCOMM (QCOM) 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 QUALCOMM (QCOM)
Profile Item	ASX	QCOM
Name	ASE Technology Holding Co., Ltd. ADR	QUALCOMM Incorporated
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	176.99 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	October 2, 2000	December 13, 1991
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

ASX

QCOM

GSPC

ASE (ASX) vs. QUALCOMM (QCOM), 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 QUALCOMM (QCOM). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ASE (ASX) and QUALCOMM (QCOM)
Metric	ASX	QCOM
Total Return (1Y)	127.56%	4.41%
Total Return (3Y, Annualized)	67.56%	15.75%
Total Return (5Y, Annualized)	41.55%	3.17%

Risk Profile

Drawdown History

ASX

QCOM

GSPC

ASE (ASX) vs. QUALCOMM (QCOM), 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 QUALCOMM (QCOM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ASE (ASX) and QUALCOMM (QCOM)
Metric	ASX	QCOM
Volatility (1Y, Annualized)	62.95%	55.42%
Beta (5Y)	1.83	1.73
Max Drawdown (5Y)	-40.64%	-44.29%
Avg. Volume (3M)	7.76M	12.25M

Risk-Adjusted Performance

Risk-Return Positioning

ASX and QCOM 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 QUALCOMM (QCOM)
Metric	ASX	QCOM
Sharpe Ratio (1Y)	1.96	0.00
Sortino Ratio (1Y)	2.77	0.00

Profitability

ROE (TTM)

QUALCOMM (QCOM) at 52.82% sits in the top ROE quartile, while ASE (ASX) at 19.90% is closer to the peer norm — stronger capital efficiency for QCOM.

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%

QCOM

Semiconductors & Semiconductor Equipment industry group

52.82%

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

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

Net Margin (TTM)

QUALCOMM (QCOM) at 31.61% retains a top-quartile share of revenue as profit, ahead of ASE (ASX) at 9.78%, which keeps about the industry-typical share.

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%

QCOM

Semiconductors & Semiconductor Equipment industry group

31.61%

Max: 63.80%
QCOM: 31.61%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

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

Operating Margin (TTM)

Both ASE (ASX) at 13.57% and QUALCOMM (QCOM) at 15.41% 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%

QCOM

Semiconductors & Semiconductor Equipment industry group

15.41%

Max: 58.66%
Q3: 30.23%
Median: 15.91%
QCOM: 15.41%
Q1: 7.54%
Min: -25.74%

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

Profitability Metrics

Profitability metrics for ASE (ASX) and QUALCOMM (QCOM)
Metric	ASX	QCOM
ROE (TTM)	19.90%	52.82%
ROA (TTM)	5.36%	10.13%
Net Margin (TTM)	9.78%	31.61%
Operating Margin (TTM)	13.57%	15.41%
Gross Margin (TTM)	20.80%	53.10%

Growth

Revenue Growth

ASE (ASX) at 8.39% is around its peer norm for revenue growth, while QUALCOMM (QCOM) at -2.63% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

QUALCOMM (QCOM) at 153.49% clears its industry range for EPS growth, a much stronger earnings trajectory than ASE (ASX) at 22.96%, which is closer to a typical peer reading.

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

Growth Metrics

Growth metrics for ASE (ASX) and QUALCOMM (QCOM)
Metric	ASX	QCOM
Revenue Growth (YoY)	8.39%	-2.63%
Revenue Growth (3Y CAGR)	-1.28%	6.38%
EPS Growth (YoY)	22.96%	153.49%
EPS Growth (3Y CAGR)	-13.66%	25.53%

Financial Strength

Current Ratio (MRQ)

Both ASE (ASX) at 1.16 and QUALCOMM (QCOM) at 1.86 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

QCOM

Semiconductors & Semiconductor Equipment industry group

1.86

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
QCOM: 1.86
Min: 1.03

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

Debt / Equity (MRQ)

QUALCOMM (QCOM) at 0.53 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

QCOM

Semiconductors & Semiconductor Equipment industry group

0.53

Max: 1.46
Q3: 0.65
QCOM: 0.53
Median: 0.27
Q1: 0.04
Min: 0.00

ASE (ASX) vs. QUALCOMM (QCOM): 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 QUALCOMM (QCOM)
Metric	ASX	QCOM
Current Ratio (MRQ)	1.16	1.86
Debt / Equity (MRQ)	0.87	0.53
Net Debt / EBITDA	1.85	0.78

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 QUALCOMM (QCOM) reports a yield of 2.31%, 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%

QCOM

Semiconductors & Semiconductor Equipment industry group

2.31%

QCOM: 2.31%
Max: 1.37%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both ASE (ASX) at 39.77% and QUALCOMM (QCOM) at 28.50% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

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%

QCOM

Semiconductors & Semiconductor Equipment industry group

28.50%

Max: 49.64%
QCOM: 28.50%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for ASE (ASX) and QUALCOMM (QCOM)
Metric	ASX	QCOM
Dividend Yield (TTM)	0.00%	2.31%
Dividend Payout Ratio (TTM)	39.77%	28.50%

Valuation

P/E Ratio (TTM)

QUALCOMM (QCOM) at 13.02 sits in the cheaper P/E ratio quartile, while ASE (ASX) at 30.41 is closer to its industry’s usual earnings multiple — a discount for QCOM, though growth and earnings durability still matter.

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

QCOM

Semiconductors & Semiconductor Equipment industry group

13.02

Max: 110.34
Q3: 66.81
Median: 37.02
Q1: 23.96
QCOM: 13.02
Min: 8.12

ASE (ASX) vs. QUALCOMM (QCOM): 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 QUALCOMM (QCOM) at 4.10 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

QCOM

Semiconductors & Semiconductor Equipment industry group

4.10

Max: 21.42
Q3: 12.27
Median: 5.76
QCOM: 4.10
Q1: 2.73
Min: 0.00

ASE (ASX) vs. QUALCOMM (QCOM): 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 QUALCOMM (QCOM) at 5.83 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

QCOM

Semiconductors & Semiconductor Equipment industry group

5.83

Max: 14.06
Q3: 7.44
QCOM: 5.83
Median: 4.29
Q1: 2.30
Min: 0.20

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

Valuation Metrics

Valuation metrics for ASE (ASX) and QUALCOMM (QCOM)
Metric	ASX	QCOM
P/E Ratio (TTM)	30.41	13.02
P/S Ratio (TTM)	0.09	4.10
P/B Ratio (MRQ)	5.34	5.83
Free Cash Flow Yield (TTM)	-275.26%	5.15%