ASX vs. TER: ASE vs. Teradyne Stock Comparison

November 11, 2026

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

Teradyne (TER) 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 Teradyne (TER)
Profile Item	ASX	TER
Name	ASE Technology Holding Co., Ltd. ADR	Teradyne, 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	Semiconductor Materials & Equipment
Market Capitalization	69.83 billion USD	34.07 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	October 2, 2000	February 21, 1973
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

ASX

TER

GSPC

ASE (ASX) vs. Teradyne (TER), 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 Teradyne (TER). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ASE (ASX) and Teradyne (TER)
Metric	ASX	TER
Total Return (1Y)	127.56%	31.13%
Total Return (3Y, Annualized)	67.56%	41.60%
Total Return (5Y, Annualized)	41.55%	10.83%

Risk Profile

Drawdown History

ASX

TER

GSPC

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

Risk Metrics

Risk profile metrics for ASE (ASX) and Teradyne (TER)
Metric	ASX	TER
Volatility (1Y, Annualized)	62.95%	78.35%
Beta (5Y)	1.83	1.78
Max Drawdown (5Y)	-40.64%	-59.12%
Avg. Volume (3M)	7.76M	3.01M

Risk-Adjusted Performance

Risk-Return Positioning

ASX and TER 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 Teradyne (TER)
Metric	ASX	TER
Sharpe Ratio (1Y)	1.96	0.34
Sortino Ratio (1Y)	2.77	0.48

Profitability

ROE (TTM)

Teradyne (TER) at 42.72% sits in the top ROE quartile, while ASE (ASX) at 19.90% is closer to the peer norm — stronger capital efficiency for TER.

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%

TER

Semiconductors & Semiconductor Equipment industry group

42.72%

Max: 52.82%
TER: 42.72%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

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

Net Margin (TTM)

Both ASE (ASX) at 9.78% and Teradyne (TER) at 27.46% 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%

TER

Semiconductors & Semiconductor Equipment industry group

27.46%

Max: 63.80%
Q3: 28.36%
TER: 27.46%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

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

Operating Margin (TTM)

Teradyne (TER) at 30.87% operates in the top operating margin quartile, ahead of ASE (ASX) at 13.57%, which runs around its industry’s norm.

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%

TER

Semiconductors & Semiconductor Equipment industry group

30.87%

Max: 58.66%
TER: 30.87%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

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

Profitability Metrics

Profitability metrics for ASE (ASX) and Teradyne (TER)
Metric	ASX	TER
ROE (TTM)	19.90%	42.72%
ROA (TTM)	5.36%	21.59%
Net Margin (TTM)	9.78%	27.46%
Operating Margin (TTM)	13.57%	30.87%
Gross Margin (TTM)	20.80%	59.32%

Growth

Revenue Growth

Both ASE (ASX) at 8.39% and Teradyne (TER) at 13.13% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Both ASE (ASX) at 22.96% and Teradyne (TER) at 4.52% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for ASE (ASX) and Teradyne (TER)
Metric	ASX	TER
Revenue Growth (YoY)	8.39%	13.13%
Revenue Growth (3Y CAGR)	-1.28%	0.37%
EPS Growth (YoY)	22.96%	4.52%
EPS Growth (3Y CAGR)	-13.66%	-6.31%

Financial Strength

Current Ratio (MRQ)

Both ASE (ASX) at 1.16 and Teradyne (TER) at 2.08 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

TER

Semiconductors & Semiconductor Equipment industry group

2.08

Max: 10.33
Q3: 5.62
Median: 3.33
Q1: 2.35
TER: 2.08
Min: 1.03

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

Debt / Equity (MRQ)

Teradyne (TER) at 0.04 keeps leverage in the lower quartile, while ASE (ASX) at 0.87 sits in the higher-leverage quartile.

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

TER

Semiconductors & Semiconductor Equipment industry group

0.04

Max: 1.46
Q3: 0.65
Median: 0.27
Q1: 0.04
TER: 0.04
Min: 0.00

ASE (ASX) vs. Teradyne (TER): 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 Teradyne (TER)
Metric	ASX	TER
Current Ratio (MRQ)	1.16	2.08
Debt / Equity (MRQ)	0.87	0.04
Net Debt / EBITDA	1.85	-0.19

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 Teradyne (TER) reports a yield of 0.24%, 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%

TER

Semiconductors & Semiconductor Equipment industry group

0.24%

Max: 1.37%
Q3: 0.65%
TER: 0.24%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Teradyne (TER) at 5.86% 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%

TER

Semiconductors & Semiconductor Equipment industry group

5.86%

Max: 49.64%
Q3: 21.71%
TER: 5.86%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for ASE (ASX) and Teradyne (TER)
Metric	ASX	TER
Dividend Yield (TTM)	0.00%	0.24%
Dividend Payout Ratio (TTM)	39.77%	5.86%

Valuation

P/E Ratio (TTM)

Both ASE (ASX) at 30.41 and Teradyne (TER) at 25.08 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

TER

Semiconductors & Semiconductor Equipment industry group

25.08

Max: 110.34
Q3: 66.81
Median: 37.02
TER: 25.08
Q1: 23.96
Min: 8.12

ASE (ASX) vs. Teradyne (TER): 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 Teradyne (TER) at 6.81 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

TER

Semiconductors & Semiconductor Equipment industry group

6.81

Max: 21.42
Q3: 12.27
TER: 6.81
Median: 5.76
Q1: 2.73
Min: 0.00

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

P/B Ratio (MRQ)

ASE (ASX) at 5.34 is valued about in line with its industry on P/B ratio, while Teradyne (TER) at 9.24 carries an above-peer premium to book — TER is pricier on assets.

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

TER

Semiconductors & Semiconductor Equipment industry group

9.24

Max: 14.06
TER: 9.24
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

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

Valuation Metrics

Valuation metrics for ASE (ASX) and Teradyne (TER)
Metric	ASX	TER
P/E Ratio (TTM)	30.41	25.08
P/S Ratio (TTM)	0.09	6.81
P/B Ratio (MRQ)	5.34	9.24
Free Cash Flow Yield (TTM)	-275.26%	1.76%