Narrative Update • Jul 08
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Taiwanese (TAIEX) Electrical Industry Analysis
UpdatedJul 16, 2026
DataAggregated Company Financials
Companies97
- 7D-2.9%
- 3M-2.8%
- 1Y28.9%
- YTD4.1%
Over the last 7 days, the Electrical industry has dropped 2.9%, driven by pullbacks in Fortune Electric and Shihlin Electric & Engineering of 4.2% and 7.9%, respectively. Over the past 12 months, the industry was up 29%. As for the next few years, earnings are expected to grow by 33% per annum.
Industry Valuation and Performance
Has the Taiwanese Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 Jul 2026 | NT$2.0t | NT$844.5b | NT$46.2b | 25.7x | 42.4x | 2.3x |
| Sun, 14 Jun 2026 | NT$2.1t | NT$844.6b | NT$46.1b | 25.6x | 45.2x | 2.5x |
| Tue, 12 May 2026 | NT$2.2t | NT$828.0b | NT$44.0b | 25.9x | 49.8x | 2.6x |
| Thu, 09 Apr 2026 | NT$1.8t | NT$831.8b | NT$41.6b | 27x | 44.2x | 2.2x |
| Sat, 07 Mar 2026 | NT$1.9t | NT$817.0b | NT$60.8b | 24.6x | 31.4x | 2.3x |
| Mon, 02 Feb 2026 | NT$1.9t | NT$824.6b | NT$59.9b | 23x | 32.2x | 2.3x |
| Wed, 31 Dec 2025 | NT$1.8t | NT$824.6b | NT$59.9b | 22.5x | 30.5x | 2.2x |
| Fri, 28 Nov 2025 | NT$1.8t | NT$820.8b | NT$59.5b | 22.6x | 29.9x | 2.2x |
| Sun, 26 Oct 2025 | NT$1.7t | NT$812.5b | NT$60.9b | 26.6x | 28.6x | 2.1x |
| Tue, 23 Sep 2025 | NT$1.6t | NT$812.5b | NT$60.9b | 22.2x | 26.5x | 2x |
| Thu, 21 Aug 2025 | NT$1.5t | NT$806.8b | NT$59.5b | 22.7x | 25.5x | 1.9x |
| Sat, 19 Jul 2025 | NT$1.5t | NT$802.8b | NT$64.5b | 19.2x | 22.8x | 1.8x |
| Mon, 16 Jun 2025 | NT$1.5t | NT$802.8b | NT$64.5b | 19.7x | 22.7x | 1.8x |
| Wed, 14 May 2025 | NT$1.4t | NT$791.9b | NT$63.7b | 18.8x | 21.8x | 1.8x |
| Fri, 11 Apr 2025 | NT$1.2t | NT$785.0b | NT$64.9b | 17.3x | 17.8x | 1.5x |
| Sun, 09 Mar 2025 | NT$1.5t | NT$775.4b | NT$54.6b | 20x | 27.9x | 2x |
| Tue, 04 Feb 2025 | NT$1.5t | NT$770.7b | NT$55.2b | 20.6x | 26.9x | 1.9x |
| Thu, 02 Jan 2025 | NT$1.5t | NT$769.7b | NT$55.0b | 21.8x | 28.1x | 2x |
| Sat, 30 Nov 2024 | NT$1.6t | NT$766.3b | NT$55.0b | 22.2x | 28.2x | 2x |
| Mon, 28 Oct 2024 | NT$1.5t | NT$755.2b | NT$48.5b | 24.3x | 31.4x | 2x |
| Wed, 25 Sep 2024 | NT$1.6t | NT$755.0b | NT$48.5b | 25.3x | 32.8x | 2.1x |
| Fri, 23 Aug 2024 | NT$1.6t | NT$755.9b | NT$47.9b | 25.1x | 32.6x | 2.1x |
| Sun, 21 Jul 2024 | NT$1.7t | NT$747.9b | NT$44.3b | 31.4x | 38.7x | 2.3x |
| Tue, 18 Jun 2024 | NT$1.7t | NT$743.7b | NT$43.9b | 30.4x | 38.6x | 2.3x |
| Thu, 16 May 2024 | NT$1.6t | NT$743.5b | NT$42.8b | 28.4x | 36.7x | 2.1x |
| Sat, 13 Apr 2024 | NT$1.7t | NT$752.2b | NT$45.5b | 25.4x | 38.2x | 2.3x |
| Mon, 11 Mar 2024 | NT$1.4t | NT$752.7b | NT$45.2b | 19.4x | 30.4x | 1.8x |
| Wed, 07 Feb 2024 | NT$1.3t | NT$755.5b | NT$45.8b | 19.2x | 27.6x | 1.7x |
| Fri, 05 Jan 2024 | NT$1.3t | NT$757.8b | NT$45.7b | 19.7x | 27.5x | 1.7x |
| Sun, 03 Dec 2023 | NT$1.2t | NT$758.6b | NT$45.8b | 19.1x | 27x | 1.6x |
| Tue, 31 Oct 2023 | NT$1.1t | NT$756.4b | NT$63.3b | 16.4x | 17.7x | 1.5x |
| Thu, 28 Sep 2023 | NT$1.2t | NT$756.5b | NT$63.3b | 17.1x | 19.2x | 1.6x |
| Sat, 26 Aug 2023 | NT$1.2t | NT$759.0b | NT$64.5b | 16.8x | 19.1x | 1.6x |
| Mon, 24 Jul 2023 | NT$1.3t | NT$763.7b | NT$68.4b | 16.3x | 18.6x | 1.7x |
Price to Earnings Ratio
18.6x
Current Industry PE
- Investors are optimistic on the Taiwanese Electrical industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 42.4x which is higher than its 3-year average PE of 29.9x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.4% 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.
Industry Trends
Which industries have driven the changes within the Taiwanese Industrials industry?
| TW Market | -0.30% | |
| Industrials | -0.34% | |
| Electrical | -2.93% | |
| Electrical Components | -2.88% | |
| Heavy Electrical Equipment | -3.30% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 29.8x.
- Analysts are expecting annual earnings growth of 33.5%, which is higher than its past year's earnings growth of 6.0% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 33.7x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings growth rate of 6.0% per year.
- In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 30% 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 | |
|---|---|---|---|---|---|
| 3665 BizLink Holding | NT$1.96k | 4.8% +NT$17.6b | 126.8% | PE39.5x | |
| 1504 TECO Electric & Machinery | NT$69.90 | 3.6% +NT$5.6b | 46.4% | PE31x | |
| 1605 Walsin Lihwa | NT$34.75 | 1.0% +NT$1.6b | 72.5% | PE25.3x | |
| 7788 Song Chuan Precision | NT$261.00 | 4.2% +NT$837.3m | 85.8% | PE69x | |
| 7740 Seetel New Energy | NT$158.50 | 7.5% +NT$585.2m | -32.1% | PE22.2x |