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ASE Technology Holding Co (TPE:3711) Cyclically Adjusted PS Ratio : 1.07 (As of Jun. 03, 2025)


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What is ASE Technology Holding Co Cyclically Adjusted PS Ratio?

As of today (2025-06-03), ASE Technology Holding Co's current share price is NT$134.50. ASE Technology Holding Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was NT$125.29. ASE Technology Holding Co's Cyclically Adjusted PS Ratio for today is 1.07.

The historical rank and industry rank for ASE Technology Holding Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:3711' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.24   Max: 2.11
Current: 1.07

During the past years, ASE Technology Holding Co's highest Cyclically Adjusted PS Ratio was 2.11. The lowest was 0.74. And the median was 1.24.

TPE:3711's Cyclically Adjusted PS Ratio is ranked better than
66.47% of 686 companies
in the Semiconductors industry
Industry Median: 1.855 vs TPE:3711: 1.07

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

ASE Technology Holding Co's adjusted revenue per share data for the three months ended in Mar. 2025 was NT$33.593. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is NT$125.29 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


ASE Technology Holding Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for ASE Technology Holding Co's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ASE Technology Holding Co Cyclically Adjusted PS Ratio Chart

ASE Technology Holding Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.07 1.19 0.90 1.18 1.32

ASE Technology Holding Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.34 1.41 1.25 1.32 1.14

Competitive Comparison of ASE Technology Holding Co's Cyclically Adjusted PS Ratio

For the Semiconductors subindustry, ASE Technology Holding Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ASE Technology Holding Co's Cyclically Adjusted PS Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, ASE Technology Holding Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ASE Technology Holding Co's Cyclically Adjusted PS Ratio falls into.


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ASE Technology Holding Co Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

ASE Technology Holding Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=134.50/125.29
=1.07

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ASE Technology Holding Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, ASE Technology Holding Co's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=33.593/134.9266*134.9266
=33.593

Current CPI (Mar. 2025) = 134.9266.

ASE Technology Holding Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 17.229 100.684 23.089
201509 17.706 100.392 23.797
201512 19.272 99.792 26.057
201603 15.041 100.470 20.199
201606 15.197 101.688 20.164
201609 17.640 101.861 23.366
201612 18.685 101.863 24.750
201703 16.782 102.862 22.013
201706 15.347 103.349 20.036
201709 17.132 104.136 22.198
201712 19.458 104.011 25.242
201803 14.981 105.290 19.198
201806 19.870 106.317 25.217
201809 25.283 106.507 32.029
201812 26.799 105.998 34.113
201903 20.881 107.251 26.269
201906 21.252 108.070 26.533
201909 27.586 108.329 34.359
201912 26.796 108.420 33.347
202003 22.742 108.902 28.177
202006 25.165 108.767 31.217
202009 28.776 109.815 35.356
202012 34.655 109.897 42.548
202103 27.416 111.754 33.101
202106 29.094 114.631 34.245
202109 34.471 115.734 40.187
202112 39.815 117.630 45.670
202203 33.262 121.301 36.998
202206 36.671 125.017 39.578
202209 43.126 125.227 46.467
202212 42.365 125.222 45.648
202303 30.180 127.348 31.976
202306 31.378 128.729 32.889
202309 35.459 129.860 36.843
202312 36.896 129.419 38.466
202403 30.401 131.776 31.128
202406 31.994 132.554 32.567
202409 36.458 133.029 36.978
202412 36.792 133.157 37.281
202503 33.593 134.927 33.593

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


ASE Technology Holding Co  (TPE:3711) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


ASE Technology Holding Co Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of ASE Technology Holding Co's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


ASE Technology Holding Co Business Description

Traded in Other Exchanges
Address
No. 26, Chin Third Road, Nantze Export Processing Zone, Nanzih District, Kaoshiung, Kaohsiung, TWN, 811
ASE Technology Holding Co Ltd is a semiconductor assembly and testing firm. The company operates in segments: Packaging, Testing, and Electronic Manufacturing Services. Of these, Packaging segment contribute the maximum revenue. The packaging segment involves packaging bare semiconductors into completed semiconductors with improved electrical and thermal characteristics. The Testing Segment includes front-end engineering testing, wafer probing, and final testing services. In the EMS segment, the company designs manufactures, and sells electronic components and telecommunication equipment motherboards. The company is based in Taiwan but garners over half its sales from firms in the United States.

ASE Technology Holding Co Headlines

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