Narrative Update • Jun 04
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Taiwanese (TAIEX) Industrials Sector Analysis
UpdatedJun 15, 2026
DataAggregated Company Financials
Companies387
- 7D-1.9%
- 3M12.1%
- 1Y27.1%
- YTD15.9%
Over the last 7 days, the Industrials industry has dropped 1.9%, driven by declines in Fortune Electric and TECO Electric & Machinery of 7.1% and 9.4%, respectively. This takes the industry's 12 month performance to a gain of 27%. Earnings are forecast to grow by 23% annually.
Sector Valuation and Performance
Has the Taiwanese Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Jun 2026 | NT$7.8t | NT$4.0t | NT$350.1b | 21.2x | 22.4x | 2x |
| Wed, 13 May 2026 | NT$7.9t | NT$3.9t | NT$353.4b | 22.8x | 22.3x | 2x |
| Fri, 10 Apr 2026 | NT$7.0t | NT$3.9t | NT$345.7b | 22x | 20.2x | 1.8x |
| Sun, 08 Mar 2026 | NT$7.0t | NT$3.9t | NT$388.7b | 21.7x | 17.9x | 1.8x |
| Tue, 03 Feb 2026 | NT$6.8t | NT$3.9t | NT$385.9b | 21.4x | 17.5x | 1.7x |
| Thu, 01 Jan 2026 | NT$6.6t | NT$3.9t | NT$385.7b | 22.1x | 17x | 1.7x |
| Sat, 29 Nov 2025 | NT$6.3t | NT$3.9t | NT$385.2b | 20.8x | 16.4x | 1.6x |
| Mon, 27 Oct 2025 | NT$6.3t | NT$4.0t | NT$452.3b | 21.7x | 13.9x | 1.6x |
| Wed, 24 Sep 2025 | NT$6.2t | NT$4.0t | NT$452.2b | 21.5x | 13.8x | 1.6x |
| Fri, 22 Aug 2025 | NT$6.2t | NT$4.0t | NT$453.3b | 21x | 13.7x | 1.6x |
| Sun, 20 Jul 2025 | NT$5.9t | NT$4.0t | NT$515.6b | 17.3x | 11.4x | 1.5x |
| Tue, 17 Jun 2025 | NT$6.0t | NT$4.0t | NT$515.2b | 17.1x | 11.6x | 1.5x |
| Thu, 15 May 2025 | NT$5.9t | NT$4.0t | NT$512.7b | 17.6x | 11.6x | 1.5x |
| Sat, 12 Apr 2025 | NT$5.2t | NT$3.9t | NT$505.1b | 16x | 10.3x | 1.3x |
| Mon, 10 Mar 2025 | NT$6.2t | NT$3.8t | NT$426.2b | 19.7x | 14.5x | 1.6x |
| Wed, 05 Feb 2025 | NT$5.8t | NT$3.8t | NT$428.2b | 18.1x | 13.7x | 1.5x |
| Fri, 03 Jan 2025 | NT$6.1t | NT$3.8t | NT$427.5b | 19.7x | 14.3x | 1.6x |
| Sun, 01 Dec 2024 | NT$6.0t | NT$3.8t | NT$425.9b | 19.3x | 14x | 1.6x |
| Tue, 29 Oct 2024 | NT$6.0t | NT$3.6t | NT$338.2b | 19.3x | 17.7x | 1.7x |
| Thu, 26 Sep 2024 | NT$6.0t | NT$3.6t | NT$338.1b | 19.6x | 17.8x | 1.7x |
| Sat, 24 Aug 2024 | NT$5.8t | NT$3.6t | NT$336.5b | 19.9x | 17.2x | 1.6x |
| Mon, 22 Jul 2024 | NT$5.9t | NT$3.5t | NT$272.2b | 21x | 21.7x | 1.7x |
| Wed, 19 Jun 2024 | NT$6.0t | NT$3.5t | NT$269.8b | 20.8x | 22.3x | 1.7x |
| Fri, 17 May 2024 | NT$5.8t | NT$3.5t | NT$265.6b | 21.1x | 22x | 1.7x |
| Sun, 14 Apr 2024 | NT$5.7t | NT$3.4t | NT$234.2b | 21.5x | 24.2x | 1.7x |
| Tue, 12 Mar 2024 | NT$5.2t | NT$3.4t | NT$263.5b | 19.2x | 19.5x | 1.5x |
| Thu, 08 Feb 2024 | NT$4.8t | NT$3.4t | NT$262.2b | 18x | 18.1x | 1.4x |
| Sat, 06 Jan 2024 | NT$4.8t | NT$3.4t | NT$262.0b | 18.2x | 18.4x | 1.4x |
| Mon, 04 Dec 2023 | NT$4.6t | NT$3.4t | NT$261.4b | 18.4x | 17.5x | 1.3x |
| Wed, 01 Nov 2023 | NT$4.2t | NT$3.6t | NT$415.6b | 16.1x | 10.1x | 1.2x |
| Fri, 29 Sep 2023 | NT$4.4t | NT$3.6t | NT$416.0b | 16.7x | 10.7x | 1.2x |
| Sun, 27 Aug 2023 | NT$4.4t | NT$3.6t | NT$418.5b | 16.7x | 10.5x | 1.2x |
| Tue, 25 Jul 2023 | NT$4.5t | NT$3.8t | NT$601.1b | 16.2x | 7.5x | 1.2x |
| Thu, 22 Jun 2023 | NT$4.9t | NT$3.8t | NT$603.3b | 16.4x | 8.1x | 1.3x |
Price to Earnings Ratio
8.1x
Current Industry PE
- Investors are optimistic on the Taiwanese Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 22.4x which is higher than its 3-year average PE of 16.0x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have declined 17% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Taiwanese Industrials sector?
| TW Market | -2.06% | |
| Industrials | -1.93% | |
| Construction | 3.06% | |
| Airlines | 2.30% | |
| Commercial Services | 0.24% | |
| Infrastructure | 0.12% | |
| Logistics | -0.10% | |
| Aerospace & Defense | -1.72% | |
| Industrials | -2.00% | |
| Marine and Shipping | -2.14% | |
| Electrical | -3.25% | |
| Machinery | -3.43% | |
| Trade Distributors | -3.52% | |
| Transportation | -3.99% | |
| Building | -5.73% | |
| Professional Services | -6.87% | |
Industry PE
- Investors are most optimistic about the Building industry even though it's trading below its 3-year average PE ratio of 319x.
- Analysts are expecting annual earnings growth of 98.4%, which is higher than its past year's earnings decline of 6.0% per year.
- Investors are most pessimistic about the Airlines industry, which is trading below its 3-year average of 22.2x.
Forecasted Growth
- Analysts are most optimistic on the Building industry, expecting annual earnings growth of 98% over the next 5 years.
- This is better than its past earnings decline of 6.0% per year.
- In contrast, the Trade Distributors industry is expected to see its earnings decline by 96% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2404 United Integrated Services | NT$1.39k | 24.8% +NT$51.9b | 146.9% | PE25.7x | |
| 6139 L&K Engineering | NT$885.00 | 21.6% +NT$36.9b | 238.4% | PE24.5x | |
| 3665 BizLink Holding | NT$2.26k | 7.9% +NT$32.2b | 198.0% | PE45.7x | |
| 5536 Acter Group | NT$1.27k | 20.5% +NT$26.7b | 228.6% | PE35.1x | |
| 2618 EVA Airways | NT$40.00 | 9.9% +NT$19.4b | 1.9% | PE7.6x |