ASE Industrial Holding Co Ltd (3711) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of ASE Industrial Holding Co Ltd stock TWD 199, price TWD 572, that is 65.2% below the price, quality 52 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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ASE Industrial Holding Co Ltd
3711 · TWOur calculation puts a fair price 65% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 62.19 TWD – 762.00 TWD · fair‑value band 139.19 TWD – 258.50 TWD · the 572.00 TWD price screens above the 198.85 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Company profile
ASE Technology Holding Co., Ltd., together with its subsidiaries, provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.
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It operates through Packaging, Testing, and EMS. The company offers semiconductor packaging, interconnect materials production, front-end engineering testing, wafer probing, and final testing services, as well as integrated solutions for EMS (electronic manufacturing services) in relation to computing, peripherals, communications, industrial, automotive, and server applications.
It also provides turnkey services, such as packaging, testing, and direct shipment of semiconductors to end users; wire bonding, including lead frame and substrate-based packages; advanced packages; heterogeneous integration; and other test-related services.
In addition, the company engages in the leasing of properties; development, construction, sale, and management of real estate properties; management of parking lot; leasing of properties for shopping center; and management of commercial complex services and department store trading activities, as well as offers social, marketing and sales, information software, leasing and investing, and after-sales and sales support services.
Further, it engages in the substrates production; investment advisory and warehousing management; design and manufacturing of electronic components and new electronic applications; technical advisory; management, training, and consulting of organization and human resources; projection of plastic; manufacture and sale of antennas, RF amplifiers and wave straps, PCBs, and tuners; and research and development activities.
ASE Technology Holding Co., Ltd. was founded in 1984 and is based in Kaohsiung, Taiwan.
Stock analysis
ASE Industrial Holding Co Ltd (3711) currently trades at 572.00 TWD, while our model-based Fair Value estimate is 198.85 TWD, 65% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 198.85 TWD per share, and 0 of the 16 models we run sit above the 572.00 TWD price.
Bear case: the Asset-Based group reads lowest at 42.81 TWD, and 16 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 139.19 TWD (bear) to 258.50 TWD (bull), the price of 572.00 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
ASE Industrial Holding Co Ltd reported revenue of 645B TWD in FY2025 versus 570B TWD in FY2021, a compound +3.2%/yr. Reported net income was 40.7B TWD in FY2025, compounding −9.3%/yr from FY2021.
Key figures
Market cap 2.5T TWD (≈ $76.7B) Large · P/E ratio 34.8 · P/S ratio 3.21 · EPS (TTM) 16.42 TWD · Dividend yield 0.8% · Net margin 9.8% · Return on equity 19.9% · Return on assets (EBIT) 7.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 176% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at −65%, 3711 screens richer than that median.
Fair Value models
All 16 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
3711 screens overvalued: fair value 65% below the price. Compare with NVIDIA Corporation →
Compare ASE Industrial Holding Co Ltd with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Semiconductors · 371 stocks
Valuation Multiplesvs Semiconductors median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Net margin by industry
- P/B ratio by industry
- Stock screener with 62 metrics
- Undervalued stocks: Taiwanese Stocks
- Valuation of the Taiwan market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company TSM | $353.10 | $435.33 | +23% | vs 3711 |
| SK hynix Inc 000660 | 1,264,000 KRW | 1,501,896 KRW | +19% | vs 3711 |
| NVIDIA Corporation NVDA | $181.60 | $198.56 | +9% | vs 3711 |
| Broadcom Inc AVGO | $291.53 | $300.84 | +3% | vs 3711 |
| Intel Corporation INTC | $52.25 | $52.14 | +0% | vs 3711 |
| Micron Technology, Inc MU | $656.39 | $619.48 | −6% | vs 3711 |
| Marvell Technology, Inc MRVL | $133.55 | $87.64 | −34% | vs 3711 |
| Advanced Micro Devices, Inc AMD | $404.40 | $148.70 | −63% | vs 3711 |
| Texas Instruments Incorporated TXN | $278.15 | $81.25 | −71% | vs 3711 |
| Arm Holdings ARM | $166.72 | $45.16 | −73% | vs 3711 |
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Key figures of ASE Industrial Holding Co Ltd
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