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ASE Technology Holding Co., Ltd. (ASX)
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ASE Technology Holding Co., Ltd. Financial Ratios 2025-2011 | ASX
Brief overview of ASE Technology Holding Co., Ltd.'s valuation and returns
The comparison uses the five latest available annual observations between 2021 and 2025.
The current valuation set is P/E 2.35x (median 0.98x), EV/EBITDA 10.21x (median 7.73x), P/S 0.15x (median 0.06x). Multiples are on average 125.4% above their own medians. A substantial share of positive expectations may already be priced in.
The inverse P/E implies an earnings yield of 42.6%. This is not a dividend yield, but current earnings relative to market price.
Current measures of operating quality are ROE 11.2%, ROA 4.6%, ROCE 8%. Fundamental efficiency is balanced: profitability supports valuation but does not remove the need for future growth.
Current PEG is 0.29x; the market pays comparatively little per unit of expected growth.
The cash cycle changed only slightly and ended at 85.6 days.
What the ratios show
ASE Technology Holding Co., Ltd.'s high quality ratios explain part of the market premium but increase sensitivity to slower growth.
Annual Financial Ratios ASE Technology Holding Co., Ltd.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.3 | 1.0 | 1.0 | 0.6 | 0.5 | 0.4 | 0.7 | 0.3 | 0.5 | 14.8 | 14.6 | 16.4 | 15.7 | 16.9 | 20.6 | |
P/S |
0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 1.1 | 1.0 | 1.4 | 1.1 | 1.1 | 1.5 |
EPS |
9.2 | 7.5 | 8.2 | 14.4 | 14.0 | 6.3 | 4.0 | 6.2 | 5.6 | 5.6 | 2.6 | - | - | - | - |
EV (Enterprise Value) |
525 B | 355 B | 322 B | 373 B | 363 B | 313 B | 295 B | 271 B | 128 B | 164 B | 154 B | 191 B | 169 B | 142 B | 131 B |
EBITDA per Share |
11.8 | 9.34 | 9.7 | 19 | 14.7 | 16.6 | 10.9 | 12.7 | 12.4 | 29.6 | 28.6 | 29.5 | 24.8 | 22.1 | 20.8 |
EV/EBITDA |
10.2 | 8.8 | 7.7 | 4.6 | 5.7 | 2.8 | 2.2 | 2.2 | 0.8 | 1.5 | 1.4 | 1.1 | 1.4 | 1.8 | 1.6 |
PEG |
-1.41 | 0.29 | 0.74 | 0.05 | -0.09 | -0.15 | -0.05 | -0.04 | -0.09 | 1.08 | -0.77 | 0.39 | 0.68 | -7.91 | -0.79 |
P/B |
0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 1.9 | 1.8 | 2.3 | 1.9 | 2.0 | 2.8 |
P/CF |
0.7 | 0.4 | 0.3 | 0.3 | 0.4 | 0.2 | 0.2 | 0.1 | 0.2 | 0.4 | 0.4 | 2.2 | 0.7 | -0.7 | 7.3 |
ROE % |
11.18 | 9.88 | 11.85 | 20.63 | 23.21 | 11.91 | 8.02 | 11.97 | 11.34 | 12.80 | 12.04 | 14.28 | 12.25 | 11.64 | 13.42 |
ROA % |
4.63 | 4.56 | 5.59 | 9.13 | 9.25 | 4.72 | 3.06 | 4.91 | 6.27 | 5.97 | 5.48 | 6.66 | 5.37 | 5.31 | 6.13 |
ROCE % |
8.02 | 7.96 | 9.44 | 16.98 | 13.88 | 8.65 | 5.77 | 7.20 | 9.91 | 10.84 | 10.36 | 13.79 | 11.46 | 10.98 | 10.71 |
Current Ratio |
1.7 | 1.9 | 1.9 | 1.8 | 1.7 | 1.7 | 1.6 | 1.7 | 2.2 | 1.3 | 1.3 | 1.4 | 1.3 | 1.2 | 1.4 |
DSO |
- | - | - | - | - | - | - | - | - | 69.4 | 58.7 | 76.1 | 72.7 | 71.1 | 61.4 |
DIO |
- | - | - | - | - | - | - | - | - | 75.1 | 76.7 | 79.4 | 71.9 | 74.4 | 33.8 |
DPO |
- | - | - | - | - | - | - | - | - | 58.9 | 53.4 | 63.7 | 59.8 | 56.2 | 51.5 |
Operating Cycle |
- | - | - | - | - | - | - | - | - | 144.5 | 135.3 | 155.5 | 144.6 | 145.5 | 95.2 |
Cash Conversion Cycle |
- | - | - | - | - | - | - | - | - | 85.6 | 81.9 | 91.8 | 84.9 | 89.3 | 43.7 |
Annual performance
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All numbers in TWD currency
Quarterly Financial Ratios ASE Technology Holding Co., Ltd.
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
9.22 | 7.5 | 8.25 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA per Share |
11.8 | 9.34 | 9.7 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROE % |
11.18 | 9.88 | 11.85 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROA % |
4.63 | 4.56 | 5.59 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ROCE % |
8.02 | 7.96 | 9.44 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Current Ratio |
1.7 | 1.9 | 1.9 | 1.8 | - | - | - | 1.7 | - | - | - | 1.7 | - | - | - | 1.6 | - | - | - | 1.7 | - | - | - | 2.2 | - | - | - | 1.9 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in TWD currency
Multiples are an important financial analysis tool for the company ASE Technology Holding Co., Ltd., allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.