# ASE Technology Holding Co. Ltd. American (ASX) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $37.51, market value $97.7 billion.

## Valuation
- **P/E (trailing): 45.7×** (5-yr avg 31.8×, 3-yr avg 44.8×). ASE Technology Holding Co. Ltd. American trades at 45.7× trailing earnings, well above its own five-year average of 31.8×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 19.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.70**. A PEG of 0.70 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.1×**. Each dollar of revenue is priced at 0.1×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 6.7×**. The shares trade at 6.7× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 0.6×**. Enterprise value is 0.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -44.8%** (5-yr avg 2.4%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 2.2%**. The inverse of the P/E: 2.2% of the price is earned each year.

## Profitability
- **Gross margin: 19.5%**. ASE Technology Holding Co. Ltd. American keeps 19.5% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 9.9%**. 9.9% of revenue is left after running the business.
- **Net margin: 6.4%**. 6.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 11.2%**. 11.2% on shareholders' equity is solid.
- **Return on invested capital: 350.9%**. Return on all capital, debt included, is 350.9%: comfortably above what that capital costs.
- **Return on assets: 212.2%**. Each dollar of assets produces 212.2% of profit.

## Growth
- **Revenue growth (1 yr): 13.3%** (3-yr -2.0%/yr, 5-yr 3.9%/yr). Revenue grew 13.3% over the last year, against 3.9% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 27.3%** (3-yr -14.6%/yr, 5-yr 4.9%/yr). Earnings per share rose 27.3%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.64**. Debt is 0.64 times equity, moderate leverage.
- **Net debt / EBITDA: 0.0×**. It would take 0.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 7.9×**. Operating profit covers interest 7.9× over, a safe margin.
- **Altman Z-score: 5.03**. A Z-score of 5.03 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.11%** ($0.42 per share, trailing). ASE Technology Holding Co. Ltd. American yields 1.11%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): 21.2%/yr** (1-yr 10.6%). The dividend has compounded at 21.2% a year over five years, doubling roughly every 3 years at that pace.

## Price and momentum
- **Total return (1 yr): 267.5%** (YTD 135.3%, 3-mo 11.3%). The shares are up 267.5% over twelve months including dividends.
- **From 52-week high: -17.6%** (243.2% above the low). Trading 18% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 50**. An RSI of 50 is neutral.
- **Beta (1 yr): 2.35** (volatility 56%). Beta of 2.35 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ASX · Page: https://foliofundamentals.com/stocks/asx

Not investment advice.