Narrative Update • May 14

In the last week, the General Merchandise and Department Stores industry is up 1.7%, with PChome Online up 23%. However, the industry is down 13% over the past year. In the next few years earnings are forecast to be pretty stable.
Has the Taiwanese General Merchandise and Department Stores Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 May 2026 | NT$162.5b | NT$224.8b | NT$7.0b | 17.5x | 23.1x | 0.7x |
| Sat, 18 Apr 2026 | NT$152.5b | NT$223.1b | NT$6.9b | 16.5x | 22.2x | 0.7x |
| Mon, 16 Mar 2026 | NT$149.9b | NT$217.8b | NT$7.0b | 16.8x | 21.4x | 0.7x |
| Wed, 11 Feb 2026 | NT$147.3b | NT$219.1b | NT$7.2b | 15.9x | 20.4x | 0.7x |
| Fri, 09 Jan 2026 | NT$150.7b | NT$219.1b | NT$7.2b | 17x | 20.9x | 0.7x |
| Sun, 07 Dec 2025 | NT$154.3b | NT$219.1b | NT$7.2b | 17.5x | 21.4x | 0.7x |
| Tue, 04 Nov 2025 | NT$161.3b | NT$220.2b | NT$7.0b | 19.1x | 23.1x | 0.7x |
| Thu, 02 Oct 2025 | NT$164.4b | NT$219.9b | NT$6.9b | 19.6x | 23.7x | 0.7x |
| Sat, 30 Aug 2025 | NT$165.5b | NT$220.0b | NT$7.1b | 20.4x | 23.2x | 0.8x |
| Mon, 28 Jul 2025 | NT$173.5b | NT$220.8b | NT$7.4b | 19x | 23.4x | 0.8x |
| Wed, 25 Jun 2025 | NT$170.6b | NT$220.8b | NT$7.4b | 19x | 23x | 0.8x |
| Fri, 23 May 2025 | NT$183.8b | NT$220.8b | NT$7.4b | 19x | 24.7x | 0.8x |
| Sun, 20 Apr 2025 | NT$184.2b | NT$222.4b | NT$6.4b | 18x | 28.7x | 0.8x |
| Tue, 18 Mar 2025 | NT$203.8b | NT$222.9b | NT$6.1b | 20.6x | 33.3x | 0.9x |
| Thu, 13 Feb 2025 | NT$193.9b | NT$223.1b | NT$6.0b | 19.5x | 32.2x | 0.9x |
| Sat, 11 Jan 2025 | NT$184.7b | NT$223.1b | NT$6.0b | 18.6x | 30.7x | 0.8x |
| Mon, 09 Dec 2024 | NT$197.7b | NT$223.1b | NT$6.0b | 22.1x | 32.9x | 0.9x |
| Wed, 06 Nov 2024 | NT$203.0b | NT$225.2b | NT$6.2b | 19.4x | 32.8x | 0.9x |
| Fri, 04 Oct 2024 | NT$212.7b | NT$224.5b | NT$6.2b | 21.5x | 34.1x | 0.9x |
| Sun, 01 Sep 2024 | NT$210.8b | NT$224.5b | NT$6.3b | 21.6x | 33.4x | 0.9x |
| Tue, 30 Jul 2024 | NT$221.9b | NT$224.8b | NT$6.1b | 22.4x | 36.4x | 1x |
| Thu, 27 Jun 2024 | NT$229.3b | NT$224.8b | NT$6.1b | 22.2x | 37.6x | 1x |
| Sat, 25 May 2024 | NT$224.4b | NT$224.8b | NT$6.1b | 22.1x | 36.8x | 1x |
| Mon, 22 Apr 2024 | NT$205.0b | NT$223.5b | NT$6.3b | 21.2x | 32.6x | 0.9x |
| Wed, 20 Mar 2024 | NT$205.2b | NT$223.7b | NT$7.3b | 23.3x | 28.1x | 0.9x |
| Fri, 16 Feb 2024 | NT$209.3b | NT$223.3b | NT$7.5b | 24.2x | 27.7x | 0.9x |
| Sun, 14 Jan 2024 | NT$223.9b | NT$223.3b | NT$7.5b | 24.1x | 29.7x | 1x |
| Tue, 12 Dec 2023 | NT$236.3b | NT$223.3b | NT$7.5b | 24.8x | 31.3x | 1.1x |
| Thu, 09 Nov 2023 | NT$237.4b | NT$223.7b | NT$7.8b | 25.4x | 30.3x | 1.1x |
| Sat, 07 Oct 2023 | NT$231.1b | NT$221.6b | NT$7.8b | 24.7x | 29.8x | 1x |
| Mon, 04 Sep 2023 | NT$232.6b | NT$221.6b | NT$7.8b | 25.5x | 30x | 1x |
| Wed, 02 Aug 2023 | NT$238.2b | NT$221.9b | NT$7.0b | 30.5x | 33.9x | 1.1x |
| Fri, 30 Jun 2023 | NT$268.5b | NT$220.8b | NT$7.0b | 32.6x | 38.2x | 1.2x |
| Sun, 28 May 2023 | NT$264.9b | NT$220.9b | NT$6.9b | 36.3x | 38.2x | 1.2x |
38.2x
Which industries have driven the changes within the Taiwanese Consumer Discretionary industry?
| TW Market | -4.30% | |
| Consumer Discretionary | -1.68% | |
| General Merchandise and Department Stores | 1.71% | |
| Broadline Retail | 1.71% | |
| Department Stores | 0% | 0 |
| General Merchandise Stores | 0% | 0 |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 8044 PChome Online | NT$29.00 | 25.8% +NT$1.2b | -25.4% | PS0.2x | |
| 2949 H.H.Galaxy | NT$60.10 | 13.0% +NT$208.0m | -14.8% | PE17.1x | |
| 2926 Eslite Spectrum | NT$36.90 | 1.2% +NT$21.3m | -24.2% | PE67.2x | |
| 2942 Jing-Jan Retail Business | NT$38.50 | 0.5% +NT$12.0m | 16.7% | PE11.6x |