DSWL vs ASX Stock Comparison

Deswell Industries and ASE Technology Holding Prices as of Oct 27, 2026 Peers: Industry group
DSWL Deswell Industries Inc
$2.98 -3.9% 1M -15.1% 1Y
Market cap
$47.34M
P/E
4.5x
Revenue (TTM)
—
Div. yield
10.07%
Electronic Manufacturing Services Technology
4 wins

Head to Head

7 decided of 12

Deswell Industries leads on 4 of the 12 questions below (Deswell Industries 4, ASE Technology Holding 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDSWLASXLeader
Larger companyMarket capitalisation $47.34M $93.61B ASX
Cheaper on earningsLower P/E, profitable companies only 4.5x 46.8x DSWL
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 33.1x –
Faster revenue growthRevenue growth, trailing twelve months — +18.2% –
More profitableNet margin, trailing twelve months — 8.5% –
Better return on capitalReturn on invested capital — 11.1% –
Less leveragedLower net debt / EBITDA — 1.1x –
Higher dividend yieldTrailing dividend yield 10.07% 0.95% DSWL
Better 1-year returnPrice return, last 12 months -15.1% +218.2% ASX
Better 5-year returnAnnualised price return, 5 years -5.6%/yr +42.3%/yr ASX
Less volatileAnnualised volatility, 1 year 43.2% 58.1% DSWL
Higher overall scoreMean of the five percentile scores vs peers 95/100 60/100 DSWL

Percentile Scorecard

DSWLASX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDSWLASX
Valuation 97 #4 of 112 74 #25 of 94
Growth – 79 #20 of 92
Profitability – 67 #30 of 90
Financial Health 89 #14 of 116 16 #83 of 99
Shareholder Returns 100 #1 of 81 64 #27 of 73
Overall 95 60
  • DSWL ranked among 122 companies in Computer Hardware
  • ASX ranked among 103 companies in Semiconductors

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDSWLASXSPY
1 month -3.9%-5.0% -0.2%
3 months -13.1%+23.9% +3.9%
6 months -11.0%+40.0% +8.2%
Year to date -13.9%+161.5% +12.9%
1 year -15.1%+218.2% +12.3%
3 years +31.9%+462.8% +87.4%
3 years, per year +9.7%+78.0% +23.3%
5 years -25.1%+482.3% +67.9%
5 years, per year -5.6%+42.3% +10.9%
10 years +69.3%+619.7% +261.1%
10 years, per year +5.4%+21.8% +13.7%

Risk

MeasureDSWLASXSPY
Volatility, 1Y 43.2%58.1% 12.7%
Downside volatility, 1Y 44.2%62.4% 12.7%
Beta vs S&P 500, 1Y 0.242.60 1.00
Return / volatility, 1Y -0.353.75 0.97
Max drawdown, 5Y -56.6%-43.1% -25.4%
From 52-week high -26.6%-11.6% -1.2%
52-week high $4.06$47.62 $779.14
52-week low $2.91$13.23 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDSWLASX
P/E now vs peer median 4.5xmedian 33.2x 46.8xmedian 45.6x
P/S now vs peer median 0.8xmedian 2.8x 4.1xmedian 7.7x
EV/EBITDA now vs peer median —median 20.0x 21.3xmedian 29.0x
P/FCF now vs peer median 10.0xmedian 29.8x 7.7xmedian 40.6x
P/B now vs peer median 0.4xmedian 3.0x 7.7xmedian 4.6x
PEG now vs peer median —median 1.17 6.02median 2.28

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDSWLASX
Revenue – $22.92B
Gross profit – $4.46B
Operating income – $2.24B
Net income – $2.65B
Free cash flow – $12.11B
R&D – $1.18B
EPS (diluted) – $0.88
Cash & equivalents $23.06M $2.86B
Total debt – $31.57B
Shares (diluted) 15.92M 2.21B
Enterprise value -$147.95M $82.56B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDSWLASX
P/E 4.5x 46.8x
P/FCF 10.0x 7.7x
P/Operating cash flow – 17.3x
P/S 0.8x 4.1x
P/B 0.4x 7.7x
P/Tangible book 0.4x 9.2x
EV/EBITDA – 21.3x
EV/EBIT – 44.1x
EV/Revenue – 4.3x
EV/FCF – 8.1x
EV/Operating cash flow – 18.2x
PEG (3Y EPS CAGR) – 6.02

Growth

14 metrics
MetricDSWLASX
Revenue growth (1Y) – 18.2%
Revenue CAGR (3Y) – 3.6%
Gross profit growth (1Y) – 37.8%
Gross profit CAGR (3Y) – 6.5%
Operating income growth (1Y) – 68.3%
Operating income CAGR (3Y) – 4.3%
Net income growth (1Y) – 83.5%
Net income CAGR (3Y) – 3.2%
EPS growth (1Y) – 81.8%
EPS CAGR (3Y) – 7.8%
Operating cash flow growth (1Y) – 51.2%
Operating cash flow CAGR (3Y) – 13.0%
Free cash flow growth (1Y) – 57.3%
Free cash flow CAGR (3Y) – 27.4%

Profitability

14 metrics
MetricDSWLASX
Gross margin – 19.5%
EBITDA margin – 20.2%
Operating margin – 9.8%
Pretax margin – 10.7%
Net margin – 8.5%
FCF margin – 52.9%
Operating cash flow margin – 23.6%
Return on equity – 22.0%
Return on assets – 8.4%
Return on invested capital – 11.1%
Return on capital employed – 8.4%
Asset turnover – 0.7x
Cash conversion (OCF / net income) – 2.0x
Stock comp / revenue – –

Financial Health

11 metrics
MetricDSWLASX
Debt / assets – 25.2%
Debt / equity – 0.7x
Net debt / EBITDA – 1.1x
Debt / FCF – 0.7x
Liabilities / assets 15.8% 63.7%
Equity / assets 84.2% 36.3%
Interest coverage – 9.9x
Current ratio 5.2x 0.3x
Quick ratio 3.1x 1.5x
Cash ratio 2.5x 0.6x
Altman Z-score – –

Shareholder Returns

7 metrics
MetricDSWLASX
Dividend yield 10.1% 1.0%
Net buyback yield – –
Shareholder yield 10.1% 1.0%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDSWLASX
Forward P/E – 33.1xFY2026
EPS, next fiscal year – $1.27FY2026
EPS growth, next FY – +126.8%FY2026
EPS growth, the year after – +37.8%
Revenue, next fiscal year – $24.36BFY2026
Revenue growth, next FY – +19.6%FY2026
Revenue growth, the year after – +32.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDSWLASX
Held by institutions – 6.9%
Institutions holding – 482
Change in shares held, QoQ – -2.5%
Institutions buying – 308
Institutions selling – 133
Buyers to sellers – 2.32

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DSWLASX
DSWL 1.00 0.15
ASX 0.15 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DSWL and ASX?

ASE Technology Holding (ASX) is the largest by market capitalisation: Deswell Industries (DSWL) $47.34M, ASE Technology Holding (ASX) $93.61B.

Which stock is cheaper, DSWL and ASX?

Deswell Industries (DSWL) trades on the lowest price-to-earnings ratio (Deswell Industries (DSWL) 4.5x, ASE Technology Holding (ASX) 46.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which stock has performed better?

Over the past year ASE Technology Holding (ASX) returned the most: Deswell Industries (DSWL) -15.1%, ASE Technology Holding (ASX) +218.2%. Over five years, ASE Technology Holding (ASX) compounded fastest (Deswell Industries (DSWL) -5.6%/yr, ASE Technology Holding (ASX) +42.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Deswell Industries (DSWL) has the highest dividend yield: Deswell Industries (DSWL) 10.07%, ASE Technology Holding (ASX) 0.95%.

Which stock is riskier?

By one-year price volatility, Deswell Industries (DSWL) has been the steadiest (Deswell Industries (DSWL) 43.2%, ASE Technology Holding (ASX) 58.1%). Volatility measures how widely the price swings, not the risk of the business.

Do DSWL and ASX move together?

Their daily returns over the past year have a correlation of 0.15, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, DSWL and ASX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Deswell Industries (DSWL) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.