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Taiwanese (TAIEX) Market Analysis & Valuation

UpdatedDec 19, 2025
DataAggregated Company Financials
Companies2283
  • 7D-1.9%
  • 3M6.7%
  • 1Y18.7%
  • YTD19.0%

Over the last 7 days, the market has dropped 1.9%, driven by a pullback of 2.9% in the Information Technology sector. Meanwhile, the Financials sector has outperformed, gaining 3.8% in that time. In contrast to the last week, the market is actually up 19% over the past year. Earnings are forecast to grow by 20% annually.

Trending IndustriesBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Taiwanese Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Dec 2025NT$96.9tNT$50.8tNT$4.2t20.1x23x1.9x
Sun, 16 Nov 2025NT$96.3tNT$51.1tNT$4.2t20.4x22.9x1.9x
Tue, 14 Oct 2025NT$94.8tNT$50.1tNT$4.0t21x23.4x1.9x
Thu, 11 Sep 2025NT$89.3tNT$49.8tNT$4.1t21.4x22x1.8x
Sat, 09 Aug 2025NT$84.7tNT$48.3tNT$4.3t19.5x19.5x1.8x
Mon, 07 Jul 2025NT$79.8tNT$48.2tNT$4.2t18.6x18.8x1.7x
Wed, 04 Jun 2025NT$74.8tNT$48.1tNT$4.2t18.3x17.6x1.6x
Fri, 02 May 2025NT$71.7tNT$46.6tNT$4.2t17.9x17.1x1.5x
Sun, 30 Mar 2025NT$76.8tNT$46.2tNT$4.0t19.5x19x1.7x
Tue, 25 Feb 2025NT$83.4tNT$45.3tNT$3.8t21.9x21.9x1.8x
Thu, 23 Jan 2025NT$83.1tNT$45.4tNT$3.8t20.6x21.7x1.8x
Sat, 21 Dec 2024NT$79.7tNT$45.1tNT$3.7t20.7x21.6x1.8x
Mon, 18 Nov 2024NT$80.4tNT$44.5tNT$3.7t20.8x22x1.8x
Wed, 16 Oct 2024NT$82.2tNT$42.9tNT$3.5t21.3x23.6x1.9x
Fri, 13 Sep 2024NT$76.5tNT$42.9tNT$3.5t20.8x22x1.8x
Sun, 11 Aug 2024NT$75.6tNT$42.0tNT$3.3t21.7x22.8x1.8x
Tue, 09 Jul 2024NT$84.0tNT$41.4tNT$3.2t23.6x26.3x2x
Thu, 06 Jun 2024NT$75.6tNT$41.4tNT$3.2t22.8x23.7x1.8x
Sat, 04 May 2024NT$71.7tNT$41.2tNT$2.9t23.3x24.4x1.7x
Mon, 01 Apr 2024NT$71.5tNT$41.0tNT$2.9t22.8x24.6x1.7x
Wed, 28 Feb 2024NT$66.7tNT$41.2tNT$2.8t21.8x24.1x1.6x
Fri, 26 Jan 2024NT$63.4tNT$41.2tNT$2.8t21.1x23x1.5x
Sun, 24 Dec 2023NT$62.1tNT$41.2tNT$2.8t21.1x22x1.5x
Tue, 21 Nov 2023NT$60.7tNT$41.0tNT$2.8t20.5x21.7x1.5x
Thu, 19 Oct 2023NT$57.8tNT$42.0tNT$3.1t18.8x18.9x1.4x
Sat, 16 Sep 2023NT$59.1tNT$41.8tNT$3.1t19.6x19.4x1.4x
Mon, 14 Aug 2023NT$58.2tNT$42.1tNT$3.1t19.2x18.8x1.4x
Wed, 12 Jul 2023NT$59.3tNT$43.0tNT$3.4t18.9x17.4x1.4x
Fri, 09 Jun 2023NT$58.8tNT$42.9tNT$3.4t18.4x17.1x1.4x
Sun, 07 May 2023NT$55.1tNT$43.2tNT$3.9t16.9x14x1.3x
Tue, 04 Apr 2023NT$55.6tNT$43.2tNT$4.0t16.1x13.9x1.3x
Thu, 02 Mar 2023NT$54.8tNT$44.3tNT$4.5t14.9x12.3x1.2x
Sat, 28 Jan 2023NT$52.0tNT$44.4tNT$4.6t13.4x11.3x1.2x
Mon, 26 Dec 2022NT$49.8tNT$44.2tNT$4.5t13.2x11.1x1.1x
Price to Earnings Ratio

11.1x


Total Market Cap: NT$49.8tTotal Earnings: NT$4.5tTotal Revenue: NT$44.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Market Price to Earnings3Y Average 20.2x202320242025
Current Market PE
  • Investors are optimistic on the Taiwanese market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 23.0x which is higher than its 3-year average PE of 20.2x.
Past Earnings Growth
  • The earnings for Taiwanese listed companies have declined 2.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.8% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Taiwanese Market?

TW Market-1.90%
Financials3.85%
Real Estate2.83%
Consumer Staples1.15%
Telecom-0.45%
Consumer Discretionary-0.67%
Utilities-0.73%
Industrials-0.97%
Energy-1.64%
Materials-1.66%
Healthcare-2.87%
Tech-2.91%
Sector PE
  • Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 188x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 59.8%, which is higher than its past year's earnings growth of 5.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 108% over the next 5 years.
  • This is better than its past earnings decline of 4.1% per year.
  • In contrast, the Telecom sector is expected to see its earnings grow by 7.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
2882 Cathay Financial HoldingNT$75.207.3%
+NT$74.8b		11.7%PE14.1xFinancials
2891 CTBC Financial HoldingNT$49.757.0%
+NT$63.9b		29.2%PB2.1xFinancials
2887 TS Financial HoldingNT$21.6511.6%
+NT$55.9b		26.6%PB1.2xFinancials
2408 Nanya TechnologyNT$174.507.7%
+NT$38.7b		474.0%PS12.6xTech
1216 Uni-President EnterprisesNT$79.506.1%
+NT$26.1b		-1.9%PE22.8xConsumer Staples
See more

Market Insights

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2885
NT$39.95
Yuanta Financial Holding
7D
5.0%
1Y
22.5%
2882
NT$75.20
Cathay Financial Holding
7D
7.3%
1Y
11.7%

2882: Fair Value Will Remain Stable As Profit Margins Offset Weaker Revenue

Analysts have inched their price target on Cathay Financial Holding higher to approximately $69.52 from about $69.05, citing expectations of stronger profit margins and a slightly richer future earnings multiple that offset weaker projected revenue growth and a marginally lower discount rate. Valuation Changes The Fair Value Estimate has risen slightly to NT$69.52 from NT$69.05, reflecting a modest upward revision in intrinsic value.
2891
NT$49.75
CTBC Financial Holding
7D
7.0%
1Y
29.2%

2891: Profitability Improvements Will Support Fairly Valued Outlook Despite Weaker Revenue Expectations

Analysts have nudged their price target on CTBC Financial Holding slightly higher, boosting fair value by TWD 0.50 to TWD 47.84. They cited a modestly lower discount rate and expectations for improved profit margins, despite softer revenue growth assumptions and a marginally richer forward P/E multiple.
2330
NT$1,435.00
Taiwan Semiconductor Manufacturing
7D
-3.0%
1Y
38.6%

2330: AI Demand And U.S. Capacity Shift Will Shape Balanced Outlook

Analysts have raised their fair value estimate for Taiwan Semiconductor Manufacturing to roughly $1,411 from about $961, citing stronger than expected AI driven demand, improving profit margins, and higher anticipated revenue growth, supported by recent upward price target revisions and positive commentary on TSMC's technology leadership and capacity roadmap. Analyst Commentary Recent Street research around the broader semiconductor complex underscores both the strength of TSMC's competitive position and some emerging points of caution that could temper upside for the shares.
2408
NT$174.50
Nanya Technology
7D
7.7%
1Y
474.0%

2408: Richer Earnings Multiple Will Likely Prove Unsustainable Amid Margin Pressure

Analysts have raised their price target on Nanya Technology, citing a modest improvement in fair value estimates to about NT$145 from roughly NT$138. This change is driven by stronger expected revenue growth that more than offsets a slightly higher discount rate and a lower projected profit margin, alongside a richer future earnings multiple.
2890
NT$29.30
SinoPac Financial Holdings
7D
6.2%
1Y
31.7%

2890: Slightly Lower Risk Assumptions Will Support Steady Long Term Outlook

Analysts have modestly adjusted their price target on SinoPac Financial Holdings, nudging it higher to reflect incremental improvements in discount rate assumptions and slightly more favorable long term earnings expectations, with the fair value estimate now anchored around $29.72 per share. Valuation Changes The fair value estimate remains unchanged at approximately NT$29.72 per share, indicating no material revision to the intrinsic value assessment.
2454
NT$1,420.00
MediaTek
7D
1.1%
1Y
2.2%

2454: AI Platform Partnerships Will Drive Long-Term Upside Potential

Analysts have nudged their price target for MediaTek higher, lifting fair value by roughly 1 percent to about $1,576, citing slightly stronger long term revenue growth expectations and modestly lower discount rates that together outweigh a small downward tweak to projected profit margins. What's in the News Kynetics formed a strategic partnership with MediaTek to deliver custom Android deployments for Genio platforms, promising faster development cycles, long term support, and enhanced security for industrial and consumer devices (client announcement).
2382
NT$263.50
Quanta Computer
7D
-8.0%
1Y
-5.0%

2382: Stronger Revenue Outlook And Lower Discount Rate Support Bullish Outlook

Analysts have raised their price target for Quanta Computer from $420 to $425, citing slightly stronger projected revenue growth and a lower discount rate that more than offset modestly reduced profit margin and future P/E assumptions. Valuation Changes The fair value estimate has risen slightly from NT$420 to NT$425, reflecting a modestly higher intrinsic valuation.
2308
NT$915.00
Delta Electronics
7D
-2.5%
1Y
122.1%

2308: Prefabricated AI Data Center Power Solutions Will Drive Upside

Analysts have nudged their price target for Delta Electronics slightly higher to TWD 1,182 from TWD 1,181, reflecting marginally stronger revenue growth assumptions and a steady long term valuation multiple despite a largely unchanged profit outlook. What's in the News Delta and Siemens Smart Infrastructure entered a global partnership to provide prefabricated, modular power solutions aimed at speeding data center deployment and lowering CAPEX for AI and cloud operators (Strategic Alliances).
3443
NT$2,040.00
Global Unichip
7D
-10.3%
1Y
51.1%
3711
NT$227.50
ASE Technology Holding
7D
-6.6%
1Y
44.4%

3711: Penang Facility Acquisition Will Support Steady Operations With Balanced Outlook

Analysts have modestly raised their price target on ASE Technology Holding to about $249.69, up roughly $3.53. This change reflects slightly lower perceived risk, steady growth expectations, and a marginally higher assumed future earnings multiple.
3653
NT$2,670.00
Jentech Precision Industrial
7D
-10.9%
1Y
87.4%
2887
NT$21.65
TS Financial Holding
7D
11.6%
1Y
26.6%
6669
NT$4,230.00
Wiwynn
7D
-4.0%
1Y
60.2%
2317
NT$219.50
Hon Hai Precision Industry
7D
-3.3%
1Y
21.3%
1216
NT$79.50
Uni-President Enterprises
7D
6.1%
1Y
-1.9%