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Taiwanese (TAIEX) Industrials Sector Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies381
  • 7D1.8%
  • 3M7.9%
  • 1Y14.0%
  • YTD7.2%

The Industrials industry is up 1.8% in the last week, with Walsin Lihwa up 13%. Meanwhile, Fortune Electric actually underperformed within the industry, shrinking 6.0% in the last week. This takes the industry's 12 month performance to a gain of 14%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

Has the Taiwanese Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Jan 2026NT$7.1tNT$3.9tNT$385.8b22.9x18.4x1.8x
Sat, 27 Dec 2025NT$6.6tNT$3.9tNT$385.7b21.6x17.1x1.7x
Mon, 24 Nov 2025NT$6.1tNT$3.9tNT$385.1b19.8x15.7x1.5x
Wed, 22 Oct 2025NT$6.3tNT$4.0tNT$452.2b22.2x14x1.6x
Fri, 19 Sep 2025NT$6.2tNT$4.0tNT$452.2b21.4x13.8x1.6x
Sun, 17 Aug 2025NT$6.2tNT$4.0tNT$457.0b20.3x13.6x1.6x
Tue, 15 Jul 2025NT$5.8tNT$4.0tNT$515.6b17.1x11.3x1.5x
Thu, 12 Jun 2025NT$6.1tNT$4.0tNT$515.2b17.5x11.8x1.5x
Sat, 10 May 2025NT$5.7tNT$3.9tNT$503.4b16.8x11.3x1.4x
Mon, 07 Apr 2025NT$5.8tNT$3.9tNT$505.2b18x11.6x1.5x
Wed, 05 Mar 2025NT$6.2tNT$3.8tNT$425.8b20.1x14.5x1.6x
Fri, 31 Jan 2025NT$6.0tNT$3.8tNT$428.2b18.6x14.1x1.6x
Sun, 29 Dec 2024NT$6.1tNT$3.8tNT$427.3b19.3x14.3x1.6x
Tue, 26 Nov 2024NT$6.1tNT$3.8tNT$425.9b19.2x14.4x1.6x
Thu, 24 Oct 2024NT$6.0tNT$3.6tNT$338.2b19.8x17.7x1.7x
Sat, 21 Sep 2024NT$5.8tNT$3.6tNT$338.1b19.4x17.2x1.6x
Mon, 19 Aug 2024NT$5.7tNT$3.6tNT$336.7b19.5x17.1x1.6x
Wed, 17 Jul 2024NT$6.0tNT$3.5tNT$272.1b21.3x22.1x1.7x
Fri, 14 Jun 2024NT$5.9tNT$3.5tNT$269.6b20.3x21.8x1.7x
Sun, 12 May 2024NT$5.7tNT$3.4tNT$238.2b21.4x24.1x1.7x
Tue, 09 Apr 2024NT$5.5tNT$3.4tNT$234.3b21.2x23.3x1.6x
Thu, 07 Mar 2024NT$5.2tNT$3.4tNT$263.2b19.4x19.7x1.5x
Sat, 03 Feb 2024NT$4.8tNT$3.4tNT$262.0b18.1x18.2x1.4x
Mon, 01 Jan 2024NT$4.8tNT$3.4tNT$261.9b18.3x18.2x1.4x
Wed, 29 Nov 2023NT$4.6tNT$3.4tNT$261.3b17.6x17.5x1.3x
Fri, 27 Oct 2023NT$4.2tNT$3.6tNT$415.9b16.3x10.2x1.2x
Sun, 24 Sep 2023NT$4.4tNT$3.6tNT$415.9b16.8x10.6x1.2x
Tue, 22 Aug 2023NT$4.4tNT$3.6tNT$421.9b16.5x10.5x1.2x
Thu, 20 Jul 2023NT$4.5tNT$3.8tNT$601.3b16.1x7.5x1.2x
Sat, 17 Jun 2023NT$4.9tNT$3.8tNT$603.1b16.1x8.1x1.3x
Mon, 15 May 2023NT$4.4tNT$4.0tNT$809.6b14x5.5x1.1x
Wed, 12 Apr 2023NT$4.5tNT$4.0tNT$810.7b14.1x5.6x1.1x
Fri, 10 Mar 2023NT$4.5tNT$4.1tNT$969.3b13.3x4.7x1.1x
Sun, 05 Feb 2023NT$4.2tNT$4.1tNT$974.0b12.7x4.4x1x
Price to Earnings Ratio

4.4x


Total Market Cap: NT$4.2tTotal Earnings: NT$974.0bTotal Revenue: NT$4.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Industrials Sector Price to Earnings3Y Average 14.2x202420252026
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 18.4x which is higher than its 3-year average PE of 14.2x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 27% 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 Market5.00%
Industrials1.82%
Electrical4.20%
Machinery4.10%
Transportation2.70%
Professional Services2.43%
Trade Distributors1.40%
Commercial Services0.65%
Marine and Shipping0.41%
Infrastructure0.34%
Industrials-0.18%
Airlines-0.32%
Logistics-0.42%
Construction-1.05%
Building-3.63%
Aerospace & Defense-4.56%
Industry PE
  • Investors are most optimistic about the Building industry even though it's trading below its 3-year average PE ratio of 301x.
    • Analysts are expecting annual earnings growth of 67.2%, which is higher than its past year's earnings decline of 22.5% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 6.9x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 130% over the next 5 years.
  • This is better than its past earnings growth rate of 28% per year.
  • In contrast, the Trade Distributors industry is expected to see its earnings decline by 55% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
1605 Walsin LihwaNT$44.0012.7%
+NT$21.9b		79.6%PE123x
6139 L&K EngineeringNT$614.0010.0%
+NT$13.1b		145.6%PE26.7x
7892 META Green Cooling TechnologyNT$696.0038.9%
+NT$9.1b		n/an/a
2049 Hiwin TechnologiesNT$257.5010.3%
+NT$8.5b		-12.1%PE65.4x
7750 Syntec TechnologyNT$963.0012.1%
+NT$7.5b		91.1%PE39.9x

Latest News

2603
NT$190.00
Evergreen Marine Corporation (Taiwan)
7D
-1.3%
1Y
-7.1%
1590
NT$1,040.00
Airtac International Group
7D
2.5%
1Y
19.4%

1590: Earnings Guidance And Margin Outlook Will Support A Measured Fair Value View

Analysts have raised their price target for Airtac International Group to reflect minor adjustments in fair value, discount rate, revenue growth assumptions, profit margin outlook, and future P/E expectations, which together indicate a modestly higher valuation framework. What's in the News Airtac International Group updated its earnings guidance for 2025, giving investors a clearer view of management expectations for the year ahead (Company guidance).
1605
NT$44.00
Walsin Lihwa
7D
12.7%
1Y
79.6%
2615
NT$74.30
Wan Hai Lines
7D
-3.0%
1Y
-2.4%
6282
NT$53.40
AcBel Polytech
7D
-9.9%
1Y
73.9%
2049
NT$257.50
Hiwin Technologies
7D
10.3%
1Y
-12.1%
6139
NT$614.00
L&K Engineering
7D
10.0%
1Y
145.6%
7750
NT$963.00
Syntec Technology
7D
12.1%
1Y
91.1%
3665
NT$1,365.00
BizLink Holding
7D
-3.9%
1Y
116.4%

3665: Higher P/E Assumptions Will Likely Expose Overvaluation Risk

Analysts have lifted their price target on BizLink Holding to US$1,046.83 from US$721.48, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the main drivers of the change. Valuation Changes Fair Value: raised from US$721.48 to US$1,046.83, representing a large uplift in the estimated equity value.
1519
NT$1,015.00
Fortune Electric
7D
-6.0%
1Y
96.6%
2404
NT$950.00
United Integrated Services
7D
-4.0%
1Y
85.5%
2072
NT$300.00
Century Wind Power
7D
10.7%
1Y
13.2%
1504
NT$84.50
TECO Electric & Machinery
7D
-5.4%
1Y
57.6%
4585
NT$399.50
Techman Robot
7D
21.6%
1Y
-17.0%
2618
NT$37.95
EVA Airways
7D
-3.2%
1Y
-20.4%