Narrative Update • May 27

In the last week, the Telecom industry is up 3.9%, with Chunghwa Telecom up 2.9%. In the last 12 months, the industry was up 5.4%. As for the next few years, earnings are expected to grow by 5.5% per annum.
Has the Taiwanese Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 06 Jun 2026 | NT$2.2t | NT$649.8b | NT$86.3b | 21.2x | 25.6x | 3.4x |
| Mon, 04 May 2026 | NT$2.1t | NT$638.6b | NT$85.0b | 20.3x | 24.9x | 3.3x |
| Wed, 01 Apr 2026 | NT$2.1t | NT$637.3b | NT$85.4b | 20.3x | 24.4x | 3.3x |
| Fri, 27 Feb 2026 | NT$2.1t | NT$575.9b | NT$81.4b | 19x | 25.5x | 3.6x |
| Sun, 25 Jan 2026 | NT$2.1t | NT$630.8b | NT$84.4b | 19.9x | 24.6x | 3.3x |
| Tue, 23 Dec 2025 | NT$2.0t | NT$630.8b | NT$84.4b | 19.1x | 24x | 3.2x |
| Thu, 20 Nov 2025 | NT$2.0t | NT$630.8b | NT$84.3b | 19.6x | 24.2x | 3.2x |
| Sat, 18 Oct 2025 | NT$2.1t | NT$626.8b | NT$84.0b | 21.8x | 24.9x | 3.3x |
| Mon, 15 Sep 2025 | NT$2.1t | NT$626.8b | NT$84.0b | 22.3x | 25x | 3.4x |
| Wed, 13 Aug 2025 | NT$2.1t | NT$626.3b | NT$84.8b | 22.2x | 24.5x | 3.3x |
| Fri, 11 Jul 2025 | NT$2.1t | NT$624.8b | NT$85.7b | 23x | 23.9x | 3.3x |
| Sun, 08 Jun 2025 | NT$2.1t | NT$624.8b | NT$85.7b | 23x | 24.4x | 3.4x |
| Tue, 06 May 2025 | NT$2.1t | NT$622.7b | NT$84.0b | 24.1x | 24.9x | 3.4x |
| Thu, 03 Apr 2025 | NT$2.1t | NT$624.5b | NT$83.1b | 22.3x | 25.5x | 3.4x |
| Sat, 01 Mar 2025 | NT$2.1t | NT$619.8b | NT$81.9b | 24.8x | 26.2x | 3.5x |
| Mon, 27 Jan 2025 | NT$2.1t | NT$616.8b | NT$81.0b | 23.4x | 25.7x | 3.4x |
| Wed, 25 Dec 2024 | NT$2.1t | NT$613.4b | NT$80.3b | 24.1x | 26.3x | 3.4x |
| Fri, 22 Nov 2024 | NT$2.1t | NT$613.5b | NT$80.3b | 23.5x | 26x | 3.4x |
| Sun, 20 Oct 2024 | NT$2.1t | NT$602.2b | NT$78.1b | 23.2x | 27.4x | 3.6x |
| Tue, 17 Sep 2024 | NT$2.1t | NT$602.2b | NT$78.1b | 24.5x | 26.7x | 3.5x |
| Thu, 15 Aug 2024 | NT$2.0t | NT$600.9b | NT$77.8b | 25.1x | 26x | 3.4x |
| Sat, 13 Jul 2024 | NT$1.9t | NT$590.8b | NT$75.0b | 25.1x | 25.7x | 3.3x |
| Mon, 10 Jun 2024 | NT$2.0t | NT$590.8b | NT$75.0b | 25.6x | 26.1x | 3.3x |
| Wed, 08 May 2024 | NT$1.9t | NT$580.0b | NT$73.6b | 25.4x | 26.1x | 3.3x |
| Fri, 05 Apr 2024 | NT$1.9t | NT$578.8b | NT$73.8b | 22.9x | 26.1x | 3.3x |
| Sun, 03 Mar 2024 | NT$1.8t | NT$578.1b | NT$74.2b | 20.4x | 24.6x | 3.2x |
| Tue, 30 Jan 2024 | NT$1.8t | NT$585.8b | NT$67.8b | 19.7x | 26.5x | 3.1x |
| Thu, 28 Dec 2023 | NT$1.8t | NT$584.6b | NT$68.0b | 20.2x | 26.1x | 3x |
| Sat, 25 Nov 2023 | NT$1.8t | NT$584.4b | NT$68.0b | 19x | 25.8x | 3x |
| Mon, 23 Oct 2023 | NT$1.7t | NT$580.2b | NT$67.6b | 19.8x | 24.9x | 2.9x |
| Wed, 20 Sep 2023 | NT$1.7t | NT$580.2b | NT$67.6b | 19.9x | 25.2x | 2.9x |
| Fri, 18 Aug 2023 | NT$1.7t | NT$581.0b | NT$67.5b | 18x | 24.9x | 2.9x |
| Sun, 16 Jul 2023 | NT$1.7t | NT$575.3b | NT$66.2b | 18.6x | 25.7x | 3x |
| Tue, 13 Jun 2023 | NT$1.8t | NT$574.9b | NT$66.1b | 19.6x | 27.4x | 3.1x |
27.4x
Which industries have driven the changes within the Taiwanese Telecom sector?
| TW Market | 0.45% | |
| Telecom | 3.93% | |
| Wireless Telecom | 5.67% | |
| Entertainment | 4.57% | |
| Telecom Services and Carriers | 2.81% | |
| Interactive Media and Services | 2.35% | |
| Media | 0.41% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2412 Chunghwa Telecom | NT$141.00 | 2.9% +NT$31.0b | 8.5% | PE28x | |
| 4904 Far EasTone Telecommunications | NT$101.50 | 7.3% +NT$24.9b | 17.5% | PE25.8x | |
| 3045 Taiwan Mobile | NT$116.00 | 4.0% +NT$13.6b | 1.3% | PE23.5x | |
| 3293 International Games SystemLtd | NT$790.00 | 4.8% +NT$10.1b | -6.8% | PE19.6x | |
| 3086 Wayi International Digital Entertainment | NT$36.80 | 19.7% +NT$1.6b | 159.3% | PS67.6x |