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ASE Technology Holding CoASX -2.78%73 Debt-to-Equity is 0.73 as of Mar. 2026, which is 6% below its 10-year median of 0.78. GuruFocus rates ASX with a GF Score™ of 73/100 and a GF Value™ of $11.38 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 902 Semiconductors companies, ASE Technology Holding Co ranks worse than 76.16% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for ASE Technology Holding Co's Debt-to-Equity or its related term are showing as below:
ASX'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.78 Max: 1.13
Current: 0.73
During the past 13 years, the highest Debt-to-Equity Ratio of ASE Technology Holding Co was 1.13. The lowest was 0.39. And the median was 0.78.
ASX's Debt-to-Equity is ranked worse than 76.16% of 902
companies
in the Semiconductors industry
Industry Median: 0.255
vs ASX: 0.73
ASE Technology Holding Co (NYSE:ASX) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
ASE Technology Holding Co Debt-to-Equity Related Terms
ASE Technology Holding Co Debt-to-Equity Historical Data
* 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.
For the Semiconductors subindustry, ASE Technology Holding Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ASE Technology Holding Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where ASE Technology Holding Co's Debt-to-Equity falls into.
* 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 (ASX) has a Debt-to-Equity of 0.73 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ASE Technology Holding Co and its competitors. This is near median its historical median of 0.78. Over the past decade, ASE Technology Holding Co's Debt-to-Equity has ranged from 0.39 to 1.13. According to the industry distribution chart, ASE Technology Holding Co ranks #687 out of 902 companies in the Semiconductors industry, placing it in the top 76.2%.
Is ASE Technology Holding Co's Debt-to-Equity too high?
ASE Technology Holding Co's current Debt-to-Equity of 0.73 is near median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.13. The Semiconductors industry median Debt-to-Equity is 0.26. ASE Technology Holding Co's value of 0.73 is 186.3% above this industry median. Based on the distribution chart, ASE Technology Holding Co ranks #687 out of 902 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, ASE Technology Holding Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASE Technology Holding Co's Debt-to-Equity compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, ASE Technology Holding Co ranks #687 out of 902 companies for Debt-to-Equity. This places ASE Technology Holding Co in the lower half of its industry. The industry median Debt-to-Equity is 0.26. ASE Technology Holding Co's value of 0.73 is 186.3% above this benchmark. Historically, ASE Technology Holding Co's own Debt-to-Equity has ranged from 0.39 to 1.13 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 0.26, ASE Technology Holding Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.26, based on 902 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASE Technology Holding Co's current Debt-to-Equity of 0.73 is 186.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ASE Technology Holding Co and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASE Technology Holding Co's current Debt-to-Equity is 0.73, which is near median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASE Technology Holding Co stock overvalued right now?
Based on GuruFocus' analysis, ASE Technology Holding Co (ASX) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.38, compared to a current price of $38.41 — trading 237.5% above its estimated fair value. The current Debt-to-Equity is 0.73, which is near median its 10-year median of 0.78 and 186.3% above the Semiconductors industry median of 0.26. ASE Technology Holding Co's overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For ASE Technology Holding Co (ASX), the current Debt-to-Equity is 0.73 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ASE Technology Holding Co (ASX) Overvalued in 2026?
Based on GuruFocus' analysis, ASE Technology Holding Co stock appears to be overvalued.
The current stock price of $38.41 is trading 237.5% above its estimated GF Value™ of $11.38.
GuruFocus considers ASE Technology Holding Co to be Significantly Overvalued.
Key valuation signals for ASX:
Debt-to-Equity: 0.73 (near median its 10-year median of 0.78)
GF Value™: $11.38 vs. price of $38.41 (237.5% above fair value)
Industry Position: 186.3% above the Semiconductors median (#687 of 902)
No single metric tells the full story. See the ASX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASE Technology Holding Co Ltd is a semiconductor assembly and testing firm. The company operates in segments: Packaging, Testing, Electronic Manufacturing Services and others. 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 generates over half its sales from firms in the United States.
73GF Score
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