ASX Relative Valuation
ASX's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, ASX is overvalued; if below, it's undervalued.
Historical Valuation
ASE Technology Holding Co Ltd (ASX) is now in the Fair zone, suggesting that its current forward PE ratio of 19.14 is considered Fairly compared with the five-year average of 12.10. The fair price of ASE Technology Holding Co Ltd (ASX) is between 11.45 to 15.77 according to relative valuation methord.
Relative Value
Fair Zone
11.45-15.77
Current Price：15.40
Fair
18.97
PE
1Y
3Y
5Y
Trailing
Forward
8.07
EV/EBITDA
ASE Technology Holding Co Ltd. (ASX) has a current EV/EBITDA of 8.07. The 5-year average EV/EBITDA is 5.76. The thresholds are as follows: Strongly Undervalued below 3.67, Undervalued between 3.67 and 4.72, Fairly Valued between 6.81 and 4.72, Overvalued between 6.81 and 7.86, and Strongly Overvalued above 7.86. The current Forward EV/EBITDA of 8.07 falls within the Strongly Overvalued range.
19.01
EV/EBIT
ASE Technology Holding Co Ltd. (ASX) has a current EV/EBIT of 19.01. The 5-year average EV/EBIT is 12.29. The thresholds are as follows: Strongly Undervalued below 5.56, Undervalued between 5.56 and 8.92, Fairly Valued between 15.65 and 8.92, Overvalued between 15.65 and 19.02, and Strongly Overvalued above 19.02. The current Forward EV/EBIT of 19.01 falls within the Overvalued range.
1.43
PS
ASE Technology Holding Co Ltd. (ASX) has a current PS of 1.43. The 5-year average PS is 0.86. The thresholds are as follows: Strongly Undervalued below 0.46, Undervalued between 0.46 and 0.66, Fairly Valued between 1.06 and 0.66, Overvalued between 1.06 and 1.26, and Strongly Overvalued above 1.26. The current Forward PS of 1.43 falls within the Strongly Overvalued range.
7.83
P/OCF
ASE Technology Holding Co Ltd. (ASX) has a current P/OCF of 7.83. The 5-year average P/OCF is 5.14. The thresholds are as follows: Strongly Undervalued below 2.42, Undervalued between 2.42 and 3.78, Fairly Valued between 6.50 and 3.78, Overvalued between 6.50 and 7.85, and Strongly Overvalued above 7.85. The current Forward P/OCF of 7.83 falls within the Overvalued range.
38.62
P/FCF
ASE Technology Holding Co Ltd. (ASX) has a current P/FCF of 38.62. The 5-year average P/FCF is 21.84. The thresholds are as follows: Strongly Undervalued below -38.48, Undervalued between -38.48 and -8.32, Fairly Valued between 52.00 and -8.32, Overvalued between 52.00 and 82.17, and Strongly Overvalued above 82.17. The current Forward P/FCF of 38.62 falls within the Historic Trend Line -Fairly Valued range.
ASE Technology Holding Co Ltd (ASX) has a current Price-to-Book (P/B) ratio of 6.63. Compared to its 3-year average P/B ratio of 2.83 , the current P/B ratio is approximately 134.64% higher. Relative to its 5-year average P/B ratio of 2.41, the current P/B ratio is about 175.46% higher. ASE Technology Holding Co Ltd (ASX) has a Forward Free Cash Flow (FCF) yield of approximately -5.15%. Compared to its 3-year average FCF yield of 5.43%, the current FCF yield is approximately -194.90% lower. Relative to its 5-year average FCF yield of 4.66% , the current FCF yield is about -210.58% lower.
3.13
P/B
Median3y
2.83
Median5y
2.41
-5.14
FCF Yield
Median3y
5.43
Median5y
4.66
Competitors Valuation Multiple
The average P/S ratio for ASX's competitors is 6.67, providing a benchmark for relative valuation. ASE Technology Holding Co Ltd Corp (ASX) exhibits a P/S ratio of , which is -100.00% above the industry average. Given its robust revenue growth of 13.51%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of ASX increased by 50.55% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 22.30 to 29.27.
The secondary factor is the Revenue Growth, contributed 13.51%to the performance.
Overall, the performance of ASX in the past 1 year is driven by P/E Change. Which is more unsustainable.
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FAQ
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