Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ASE Technology Holding CoASX +8.43%73 EV-to-OCF is 18.17 as of Jul. 22, 2026, which is 128% above its 10-year median of 7.98. GuruFocus rates ASX with a GF Score™ of 73/100 and a GF Value™ of $11.56 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,029 Semiconductors companies, ASE Technology Holding Co ranks worse than 56.07% on this metric.
The historical rank and industry rank for ASE Technology Holding Co's EV-to-OCF or its related term are showing as below:
ASX'
s EV-to-OCF Range Over the Past 10 Years
Min: 4.94 Med: 7.98 Max: 52.82
Current: 18.59
During the past 13 years, the highest EV-to-OCF of ASE Technology Holding Co was 52.82. The lowest was 4.94. And the median was 7.98.
ASX's EV-to-OCF is ranked worse than 56.07% of 1029
companies
in the Semiconductors industry
Industry Median: 14.52
vs ASX: 18.59
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
ASE Technology Holding Co (NYSE:ASX) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
ASE Technology Holding Co's PE Ratio (TTM) for today is calculated as:
ASE Technology Holding Co's share price for today is $40.01.
ASE Technology Holding Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.674.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
ASE Technology Holding Co EV-to-OCF Related Terms
ASE Technology Holding Co EV-to-OCF 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 EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ASE Technology Holding Co's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where ASE Technology Holding Co's EV-to-OCF falls into.
ASE Technology Holding Co's current Enterprise Value is $93,116 Mil.
ASE Technology Holding Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,126 Mil.
* 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 EV-to-OCF of 18.17 as of Jul. 22, 2026. This is 128% above median its historical median of 7.98. Over the past decade, ASE Technology Holding Co's EV-to-OCF has ranged from 4.94 to 52.82. According to the industry distribution chart, ASE Technology Holding Co ranks #577 out of 1029 companies in the Semiconductors industry, placing it in the top 56.1%.
Is ASE Technology Holding Co's EV-to-OCF too high?
ASE Technology Holding Co's current EV-to-OCF of 18.17 is 128% above median its 10-year median of 7.98. Over the past 10 years, this metric has ranged from a low of 4.94 to a high of 52.82. The Semiconductors industry median EV-to-OCF is 14.52. ASE Technology Holding Co's value of 18.17 is 25.1% above this industry median. Based on the distribution chart, ASE Technology Holding Co ranks #577 out of 1029 companies in the Semiconductors industry, which is below the industry midpoint. 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 EV-to-OCF compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, ASE Technology Holding Co ranks #577 out of 1029 companies for EV-to-OCF. This places ASE Technology Holding Co in the lower half of its industry. The industry median EV-to-OCF is 14.52. ASE Technology Holding Co's value of 18.17 is 25.1% above this benchmark. Historically, ASE Technology Holding Co's own EV-to-OCF has ranged from 4.94 to 52.82 over the past decade. While the company's 10-year median is 7.98 vs. the industry median of 14.52, 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 EV-to-OCF for a Semiconductors company?
The median EV-to-OCF among Semiconductors companies is 14.52, based on 1,029 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASE Technology Holding Co's current EV-to-OCF of 18.17 is 25.1% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median EV-to-OCF is 14.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASE Technology Holding Co's current EV-to-OCF is 18.17, which is 128% above median its own 10-year median of 7.98. 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 $11.56, compared to a current price of $40.01 — trading 246.1% above its estimated fair value. The current EV-to-OCF is 18.17, which is 128% above median its 10-year median of 7.98 and 25.1% above the Semiconductors industry median of 14.52. ASE Technology Holding Co's overall GF Score™ is 73/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For ASE Technology Holding Co (ASX), the current EV-to-OCF is 18.17 as of Jul. 22, 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 $40.01 is trading 246.1% above its estimated GF Value™ of $11.56.
GuruFocus considers ASE Technology Holding Co to be Significantly Overvalued.
Key valuation signals for ASX:
EV-to-OCF: 18.17 (128% above median its 10-year median of 7.98)
GF Value™: $11.56 vs. price of $40.01 (246.1% above fair value)
Industry Position: 25.1% above the Semiconductors median (#577 of 1029)
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
Get the complete analysis for ASX
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX has been successfully added to your 
