AppLovin Corporation (APP) vs ASE Technology Holding Co., Ltd. (ASX)
A side-by-side comparison of AppLovin Corporation and ASE Technology Holding Co., Ltd. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 9, 2026. Differences are shown without an overall score or investment verdict.
APP
AppLovin Corporation
$305.06TechnologyDelayed quote: Sep 9, 2026, 4:00 PM EDT
ASX
ASE Technology Holding Co., Ltd.
$41.20TechnologyDelayed quote: Sep 9, 2026, 4:00 PM EDT
Total return — APP vs ASX
growth of $100 · dividends reinvested · last 5yAPP +378.5% (+36.8%/yr)ASX +557.0% (+45.7%/yr)ASX compounded faster over this window
APP ASX
APP vs ASX: by the numbers
- •APP is the larger company ($102.48B vs $90.59B market cap).
- •APP trades at the lower trailing earnings multiple (23.98 vs 46.28 P/E), one valuation lens rather than an overall verdict.
- •APP converts more revenue to profit (64.58% vs 8.52% net margin).
- •APP grew revenue faster over the past five years (25.84% vs 4.53% CAGR).
- •ASX pays a dividend (1.02% yield), while APP has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | APP | ASX |
|---|---|---|
| P/E ratio | 23.98 | 46.28 |
| Forward P/E | 19.75 | N/A |
| P/S ratio | 15.44 | 3.94 |
| P/B ratio | 33.33 | 7.35 |
| EV / EBITDA | 19.53 | 21.04 |
| FCF yield | 4.27% | N/A |
Profitability
| Metric | APP | ASX |
|---|---|---|
| Gross margin | 88.46% | 19.47% |
| Operating margin | 77.44% | 9.76% |
| Net margin | 64.58% | 8.52% |
| ROE | 139.42% | 15.88% |
| ROIC | 63.79% | 7.20% |
Dividends
| Metric | APP | ASX |
|---|---|---|
| Dividend yield | N/A | 1.02% |
| Payout ratio | N/A | 47.07% |
Growth (annualized)
| Metric | APP | ASX |
|---|---|---|
| Revenue CAGR (5Y) | 25.84% | 4.53% |
| EPS CAGR (5Y) | 73.54% | 5.36% |
| FCF CAGR (5Y) | 73.58% | -20.79% |
| Total return CAGR (5Y) | 35.63% | 41.99% |
Frequently asked
- Which has the lower trailing P/E, APP or ASX?
- APP has the lower trailing P/E: APP trades at 23.98 and ASX at 46.28. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, APP or ASX?
- Over the past five years, APP grew revenue faster — APP at a 25.84% CAGR versus ASX at 4.53%.
- Does APP or ASX pay a bigger dividend?
- ASX pays a dividend (1.02% yield), while APP has no payments in the available dividend history.
- Is APP or ASX more profitable?
- APP runs the higher net margin — APP at 64.58% versus ASX at 8.52%.
- How have APP and ASX total returns compared?
- Over the past 5 years, APP delivered 35.63% and ASX delivered 41.99% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
AppLovin P/E ratioASE Technology Holding P/E ratioASE Technology Holding dividend yieldAppLovin ROEASE Technology Holding ROEAppLovin operating marginASE Technology Holding operating marginAppLovin revenue growthASE Technology Holding revenue growthAppLovin free cash flowASE Technology Holding free cash flow
AppLovin & ASE Technology Holding appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 9, 2026.