ASX vs. TSM: ASE Technology vs. TSMC Stock Comparison

June 25, 2026

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

Both ASE Technology (ASX) and TSMC (TSM) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Company profile comparison for ASE Technology (ASX) and TSMC (TSM)
Profile Item	ASX	TSM
Name	ASE Technology Holding Co., Ltd. Sponsored ADR	Taiwan Semiconductor Manufacturing Co. Ltd. ADR
Country/Region	Taiwan	Taiwan
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	90.70 billion USD	2,286.35 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 2, 2000	October 9, 1997
Security Type	ADR	ADR

Performance

Cumulative Growth

ASX

TSM

ASE Technology (ASX) vs. TSMC (TSM): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for ASE Technology (ASX) and TSMC (TSM). Returns over one year are annualized.

Performance at a Glance

Performance metrics for ASE Technology (ASX) and TSMC (TSM)
Metric	ASX	TSM
Total Return (1Y)	304.02%	102.51%

Risk

Drawdown

ASX

TSM

ASE Technology (ASX) vs. TSMC (TSM): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Risk metrics for ASE Technology (ASX) and TSMC (TSM)
Metric	ASX	TSM
Volatility (1Y, Annualized)	48.55%	37.98%
Beta (5Y)	1.68	1.36
Avg. Volume (3M)	9.23M	13.57M

Profitability

ROE (TTM)

TSMC (TSM) at 36.21% sits in the top ROE quartile, while ASE Technology (ASX) at 13.58% is closer to the peer norm — stronger capital efficiency for TSM.

ASX

Semiconductors & Semiconductor Equipment industry group

13.58%

Max: 39.82%
Q3: 18.12%
ASX: 13.58%
Median: 6.77%
Q1: -4.30%
Min: -35.15%

TSM

Semiconductors & Semiconductor Equipment industry group

36.21%

Max: 39.82%
TSM: 36.21%
Q3: 18.12%
Median: 6.77%
Q1: -4.30%
Min: -35.15%

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

Net Margin (TTM)

TSMC (TSM) at 46.51% retains a top-quartile share of revenue as profit, ahead of ASE Technology (ASX) at 7.04%, which keeps about the industry-typical share.

ASX

Semiconductors & Semiconductor Equipment industry group

7.04%

Max: 46.63%
Q3: 21.03%
Median: 7.60%
ASX: 7.04%
Q1: -3.31%
Min: -32.92%

TSM

Semiconductors & Semiconductor Equipment industry group

46.51%

Max: 46.63%
TSM: 46.51%
Q3: 21.03%
Median: 7.60%
Q1: -3.31%
Min: -32.92%

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

Operating Margin (TTM)

TSMC (TSM) at 58.11% operates in the top operating margin quartile, ahead of ASE Technology (ASX) at 10.10%, which runs around its industry’s norm.

ASX

Semiconductors & Semiconductor Equipment industry group

10.10%

Max: 65.60%
Q3: 22.15%
Median: 10.26%
ASX: 10.10%
Q1: -8.08%
Min: -46.64%

TSM

Semiconductors & Semiconductor Equipment industry group

58.11%

Max: 65.60%
TSM: 58.11%
Q3: 22.15%
Median: 10.26%
Q1: -8.08%
Min: -46.64%

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

Profitability at a Glance

Profitability metrics for ASE Technology (ASX) and TSMC (TSM)
Metric	ASX	TSM
ROE (TTM)	13.58%	36.21%
ROA (TTM)	4.23%	17.32%
Net Margin (TTM)	7.04%	46.51%
Operating Margin (TTM)	10.10%	58.11%
Gross Margin (TTM)	18.51%	61.87%

Growth

Revenue Growth

ASE Technology (ASX) vs. TSMC (TSM): A comparison of their Revenue Growth across different time periods.

Revenue Growth at a Glance

Revenue growth metrics for ASE Technology (ASX) and TSMC (TSM)
Metric	ASX	TSM
Revenue Growth (YoY)	8.39%	31.61%
Revenue Growth (3Y CAGR)	-1.28%	18.94%

EPS Growth

ASE Technology (ASX) vs. TSMC (TSM): A comparison of their EPS Growth across different time periods.

EPS Growth at a Glance

EPS growth metrics for ASE Technology (ASX) and TSMC (TSM)
Metric	ASX	TSM
EPS Growth (YoY)	22.96%	46.41%
EPS Growth (3Y CAGR)	-13.66%	19.12%

Financial Strength

Current Ratio (MRQ)

TSMC (TSM) at 2.49 keeps current ratio within its industry’s typical mid-range, while ASE Technology (ASX) at 1.15 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ASX.

ASX

Semiconductors & Semiconductor Equipment industry group

1.15

Max: 11.30
Q3: 6.00
Median: 3.23
Q1: 2.36
ASX: 1.15
Min: 0.51

TSM

Semiconductors & Semiconductor Equipment industry group

2.49

Max: 11.30
Q3: 6.00
Median: 3.23
TSM: 2.49
Q1: 2.36
Min: 0.51

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

Debt / Equity (MRQ)

TSMC (TSM) at 0.18 carries an industry-typical debt-to-equity mix, while ASE Technology (ASX) at 0.67 uses more debt funding than most peers.

ASX

Semiconductors & Semiconductor Equipment industry group

0.67

Max: 1.53
ASX: 0.67
Q3: 0.64
Median: 0.23
Q1: 0.05
Min: 0.00

TSM

Semiconductors & Semiconductor Equipment industry group

0.18

Max: 1.53
Q3: 0.64
Median: 0.23
TSM: 0.18
Q1: 0.05
Min: 0.00

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

Financial Strength at a Glance

Financial strength metrics for ASE Technology (ASX) and TSMC (TSM)
Metric	ASX	TSM
Current Ratio (MRQ)	1.15	2.49
Debt / Equity (MRQ)	0.67	0.18
Net Debt / EBITDA	1.14	-0.80

Dividends

Dividend Yield (TTM)

ASE Technology (ASX) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile TSMC (TSM) reports a yield of 5.50%, ranking against industry peers normally.

ASX

Semiconductors & Semiconductor Equipment industry group

0.00%

Max: 0.50%
Q3: 0.23%
ASX: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TSM

Semiconductors & Semiconductor Equipment industry group

5.50%

TSM: 5.50%
Max: 0.50%
Q3: 0.23%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ASE Technology (ASX) vs. TSMC (TSM): 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 ASX more so: TSMC (TSM) at 27.93% sits above the band, while ASE Technology (ASX) at 50.88% exceeds every peer in its group.

ASX

Semiconductors & Semiconductor Equipment industry group

50.88%

ASX: 50.88%
Max: 47.82%
Q3: 19.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TSM

Semiconductors & Semiconductor Equipment industry group

27.93%

Max: 47.82%
TSM: 27.93%
Q3: 19.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividends at a Glance

Dividend metrics for ASE Technology (ASX) and TSMC (TSM)
Metric	ASX	TSM
Dividend Yield (TTM)	0.00%	5.50%
Dividend Payout Ratio (TTM)	50.88%	27.93%

Valuation

P/E Ratio (TTM)

TSMC (TSM) at 38.04 sits in the cheaper P/E ratio quartile, while ASE Technology (ASX) at 64.59 is closer to its industry’s usual earnings multiple — a discount for TSM, though growth and earnings durability still matter.

ASX

Semiconductors & Semiconductor Equipment industry group

64.59

Max: 272.87
Q3: 143.90
Median: 69.46
ASX: 64.59
Q1: 47.40
Min: 4.06

TSM

Semiconductors & Semiconductor Equipment industry group

38.04

Max: 272.87
Q3: 143.90
Median: 69.46
Q1: 47.40
TSM: 38.04
Min: 4.06

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

P/S Ratio (TTM)

Both ASE Technology (ASX) at 0.14 and TSMC (TSM) at 0.56 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

ASX

Semiconductors & Semiconductor Equipment industry group

0.14

Max: 39.42
Q3: 20.66
Median: 10.46
Q1: 4.21
ASX: 0.14
Min: 0.01

TSM

Semiconductors & Semiconductor Equipment industry group

0.56

Max: 39.42
Q3: 20.66
Median: 10.46
Q1: 4.21
TSM: 0.56
Min: 0.01

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

P/B Ratio (MRQ)

ASE Technology (ASX) at 8.21 sits near its industry’s typical P/B ratio, while TSMC (TSM) at 67.43 prices above its benchmark range — TSM looks rich relative to book.

ASX

Semiconductors & Semiconductor Equipment industry group

8.21

Max: 26.61
Q3: 13.42
ASX: 8.21
Median: 7.60
Q1: 3.92
Min: 0.21

TSM

Semiconductors & Semiconductor Equipment industry group

67.43

TSM: 67.43
Max: 26.61
Q3: 13.42
Median: 7.60
Q1: 3.92
Min: 0.21

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

Valuation at a Glance

Valuation metrics for ASE Technology (ASX) and TSMC (TSM)
Metric	ASX	TSM
P/E Ratio (TTM)	64.59	38.04
P/S Ratio (TTM)	0.14	0.56
P/B Ratio (MRQ)	8.21	67.43
Free Cash Flow Yield (TTM)	-72.91%	31.45%