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Taiwanese (TAIEX) Semiconductors Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies300
  • 7D-1.4%
  • 3M23.8%
  • 1Y83.5%
  • YTD18.0%

Over the last 7 days, the Semiconductors industry has dropped 1.4%, driven by a pullback from Taiwan Semiconductor Manufacturing of 1.1%. This takes the industry's 12 month performance to a gain of 84%. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

Has the Taiwanese Semiconductors Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026NT$63.8tNT$7.6tNT$2.1t38x30.3x8.4x
Mon, 23 Feb 2026NT$65.4tNT$7.6tNT$2.1t34.2x31.3x8.6x
Wed, 21 Jan 2026NT$60.7tNT$7.5tNT$2.1t33.4x29.4x8.1x
Fri, 19 Dec 2025NT$48.9tNT$7.3tNT$1.9t29.1x25.5x6.7x
Sun, 16 Nov 2025NT$48.2tNT$7.3tNT$1.9t29.5x25.1x6.6x
Tue, 14 Oct 2025NT$47.3tNT$7.1tNT$1.8t32x26.6x6.7x
Thu, 11 Sep 2025NT$42.2tNT$7.1tNT$1.8t31.4x23.7x6x
Sat, 09 Aug 2025NT$39.9tNT$7.1tNT$1.8t25.3x22x5.7x
Mon, 07 Jul 2025NT$37.4tNT$6.8tNT$1.7t25.3x22.3x5.5x
Wed, 04 Jun 2025NT$33.4tNT$6.7tNT$1.7t23.9x19.9x4.9x
Fri, 02 May 2025NT$32.2tNT$6.7tNT$1.7t23x19.1x4.8x
Sun, 30 Mar 2025NT$34.2tNT$6.4tNT$1.5t25.9x22.1x5.3x
Tue, 25 Feb 2025NT$38.3tNT$6.4tNT$1.5t30.7x24.9x6x
Thu, 23 Jan 2025NT$39.4tNT$6.4tNT$1.5t29.1x25.5x6.2x
Sat, 21 Dec 2024NT$36.6tNT$6.1tNT$1.4t29.2x26x6x
Mon, 18 Nov 2024NT$36.4tNT$6.1tNT$1.4t31.1x25.9x6x
Wed, 16 Oct 2024NT$37.6tNT$5.8tNT$1.3t30.8x29.3x6.5x
Fri, 13 Sep 2024NT$33.7tNT$5.8tNT$1.3t29.6x26.3x5.8x
Sun, 11 Aug 2024NT$33.2tNT$5.8tNT$1.3t27.8x26x5.8x
Tue, 09 Jul 2024NT$37.6tNT$5.5tNT$1.2t32.6x31.2x6.8x
Thu, 06 Jun 2024NT$32.0tNT$5.5tNT$1.2t32x26.5x5.8x
Sat, 04 May 2024NT$29.5tNT$5.5tNT$1.2t30.6x25x5.4x
Mon, 01 Apr 2024NT$29.9tNT$5.4tNT$1.2t30.3x25.6x5.6x
Wed, 28 Feb 2024NT$27.5tNT$5.4tNT$1.2t29.9x23.6x5.1x
Fri, 26 Jan 2024NT$25.5tNT$5.4tNT$1.2t26.9x21.6x4.8x
Sun, 24 Dec 2023NT$23.9tNT$5.4tNT$1.2t26.4x19.3x4.5x
Tue, 21 Nov 2023NT$23.3tNT$5.4tNT$1.2t24.7x18.7x4.3x
Thu, 19 Oct 2023NT$21.8tNT$5.6tNT$1.4t22.4x15.9x3.9x
Sat, 16 Sep 2023NT$21.9tNT$5.6tNT$1.4t23.2x15.9x3.9x
Mon, 14 Aug 2023NT$21.2tNT$5.6tNT$1.4t21.6x15.3x3.8x
Wed, 12 Jul 2023NT$22.3tNT$5.9tNT$1.5t19.5x14.7x3.8x
Fri, 09 Jun 2023NT$22.1tNT$5.9tNT$1.5t18.9x14.5x3.8x
Sun, 07 May 2023NT$20.0tNT$6.0tNT$1.6t16.5x12.7x3.3x
Tue, 04 Apr 2023NT$21.3tNT$6.1tNT$1.6t15.3x13.2x3.5x
Price to Earnings Ratio

13.2x


Total Market Cap: NT$21.3tTotal Earnings: NT$1.6tTotal Revenue: NT$6.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Semiconductors Industry Price to Earnings3Y Average 23.6x202420252026
Current Industry PE
  • Investors are optimistic on the Taiwanese Semiconductor industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 30.3x which is higher than its 3-year average PE of 23.6x.
  • The 3-year average PS ratio of 5.6x is lower than the industry's current PS ratio of 8.4x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 9.3% per year over the last three years.
  • Revenues for these companies have grown 7.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Taiwanese Tech industry?

TW Market-1.07%
Tech-1.16%
Semiconductors-1.36%
Semiconductor Equipment0.75%
Semiconductors-1.46%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 26.2x.
    • Analysts are expecting annual earnings growth of 41.0%, which is higher than its past year's earnings growth of 6.7% per year.
  • Investors are most pessimistic about the Semiconductors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 24.0x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings growth rate of 6.7% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 20% 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
3711 ASE Technology HoldingNT$353.502.8%
+NT$41.6b		134.9%PE38x
3653 Jentech Precision IndustrialNT$4.04k4.9%
+NT$27.5b		281.1%PE110.9x
3105 WIN SemiconductorsNT$382.5011.2%
+NT$16.3b		257.5%PE95.7x
3131 Grand Process TechnologyNT$2.85k20.3%
+NT$14.0b		185.4%PE81.8x
6451 ShunSin Technology HoldingsNT$365.0033.0%
+NT$9.6b		120.5%PE1408.4x

Latest News

3711
NT$353.50
ASE Technology Holding
7D
2.8%
1Y
134.9%

3711: Future Returns Will Depend On Stable Margins And Sustained Elevated P/E

Analysts have nudged their price target on ASE Technology Holding slightly higher to NT$346.42 from NT$343.64, reflecting small adjustments to fair value assumptions, the discount rate, and the expected future P/E. Valuation Changes Fair Value: NT$343.64 to NT$346.42, a small upward adjustment based on refreshed inputs.
8299
NT$1,565.00
Phison Electronics
7D
-18.3%
1Y
179.5%
2408
NT$219.50
Nanya Technology
7D
-6.2%
1Y
444.7%
3529
NT$2,825.00
eMemory Technology
7D
4.6%
1Y
15.8%

3529: Lower Growth And Margin Outlook Will Pressure Rich Future P/E

Analysts have revised their price target on eMemory Technology from NT$2,500 to NT$2,435, citing updated assumptions for revenue growth, profit margins, and a higher discount rate, partly offset by a higher future P/E multiple. Valuation Changes Fair Value: updated from NT$2,500.0 to NT$2,435.0, indicating a modest downward revision in the target valuation.
3105
NT$382.50
WIN Semiconductors
7D
11.2%
1Y
257.5%
2344
NT$92.40
Winbond Electronics
7D
-16.0%
1Y
394.1%
2330
NT$1,820.00
Taiwan Semiconductor Manufacturing
7D
-1.1%
1Y
91.2%

When the World Fractures, TSMC Matters More

Recent geopolitical developments (most notably escalating tensions in the Middle East, including the US' "brilliant" strikes on Iran 2026 by its "dear leader", alongside rising energy prices) introduce a more complex macro backdrop for TSMC. At first glance, higher oil prices and global uncertainty appear negative, implying demand risk and multiple compression.
3653
NT$4,040.00
Jentech Precision Industrial
7D
4.9%
1Y
281.1%
3034
NT$399.00
Novatek Microelectronics
7D
3.6%
1Y
-28.7%

3034: 2026 Revenue And Margin Outlook Will Support Long-Term Upside Potential

Analysts have trimmed their fair value estimate for Novatek Microelectronics from NT$517.65 to NT$494.73, reflecting slightly higher discount rate assumptions and modestly softer expectations for revenue growth, profit margins, and future P/E multiples. What's in the News Board meeting scheduled for March 10, 2026, with an agenda to consider the 2025 parent company only and consolidated financial statements (Key Developments).
3131
NT$2,845.00
Grand Process Technology
7D
20.3%
1Y
185.4%
7769
NT$3,790.00
Hon. Precision
7D
-7.7%
1Y
310.2%
2454
NT$1,585.00
MediaTek
7D
-6.8%
1Y
8.2%

2454: Edge AI And Automotive Chips Will Support Future Upside Potential

Analysts have kept their fair value estimate for MediaTek steady at around NT$2,076, while slightly adjusting inputs such as the discount rate and assumed future P/E to reflect updated views on risk and long term earnings potential. What's in the News MediaTek, MiTwell and RGo Robotics introduced a visual real time localization solution for warehouses, logistics and industrial sites, using the Genio 720 edge AI platform to turn forklifts, robots, drones and other machines into perception enabled agents that share data across facilities (Key Developments).
6451
NT$365.00
ShunSin Technology Holdings
7D
33.0%
1Y
120.5%
2337
NT$125.00
Macronix International
7D
-21.9%
1Y
447.0%
5347
NT$120.50
Vanguard International Semiconductor
7D
3.9%
1Y
23.8%
6770
NT$59.20
Powerchip Semiconductor Manufacturing
7D
-21.6%
1Y
262.1%