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Taiwanese (TAIEX) Utilities Sector Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies20
  • 7D1.1%
  • 3M-11.9%
  • 1Y-29.3%
  • YTD-28.8%

Over the last 7 days, the Utilities industry has risen 1.1%, driven by gains from Taiwan Cogeneration of 2.6%. In contrast, the industry has lost 29% in the last 12 months. As for the next few years, earnings are expected to grow by 88% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025NT$155.5bNT$90.2b-NT$4,175,537,000.0018.5x-37.2x1.7x
Fri, 21 Nov 2025NT$153.4bNT$89.8b-NT$4,186,412,000.0018.7x-36.6x1.7x
Sun, 19 Oct 2025NT$178.0bNT$84.6bNT$4.1b19.5x43.2x2.1x
Tue, 16 Sep 2025NT$175.8bNT$84.0bNT$4.1b19.6x42.9x2.1x
Thu, 14 Aug 2025NT$194.4bNT$77.6bNT$8.1b22x24.2x2.5x
Sat, 12 Jul 2025NT$198.8bNT$77.8bNT$8.2b22.9x24.3x2.6x
Mon, 09 Jun 2025NT$207.0bNT$76.8bNT$8.2b23x25.4x2.7x
Wed, 07 May 2025NT$197.6bNT$72.0bNT$8.3b21x23.8x2.7x
Fri, 04 Apr 2025NT$191.4bNT$71.7bNT$8.3b19.7x22.9x2.7x
Sun, 02 Mar 2025NT$210.2bNT$63.5bNT$7.3b26.2x29x3.3x
Tue, 28 Jan 2025NT$201.6bNT$63.5bNT$7.3b25.8x27.8x3.2x
Thu, 26 Dec 2024NT$206.4bNT$63.5bNT$7.3b25.8x28.4x3.3x
Sat, 23 Nov 2024NT$209.0bNT$63.5bNT$7.3b26.5x28.8x3.3x
Mon, 21 Oct 2024NT$221.4bNT$59.2bNT$7.1b27.5x31.1x3.7x
Wed, 18 Sep 2024NT$207.7bNT$58.3bNT$7.0b25.8x29.6x3.6x
Fri, 16 Aug 2024NT$194.3bNT$57.7bNT$6.9b25.5x28.3x3.4x
Sun, 14 Jul 2024NT$215.3bNT$55.2bNT$6.9b26.7x31.4x3.9x
Tue, 11 Jun 2024NT$180.3bNT$55.2bNT$6.9b22.3x26.3x3.3x
Thu, 09 May 2024NT$184.3bNT$52.6bNT$7.3b22.8x25.2x3.5x
Sat, 06 Apr 2024NT$184.7bNT$52.7bNT$7.3b22.2x25.4x3.5x
Mon, 04 Mar 2024NT$184.0bNT$51.4bNT$7.4b21.1x24.9x3.6x
Wed, 31 Jan 2024NT$158.4bNT$51.4bNT$7.4b20.8x21.5x3.1x
Fri, 29 Dec 2023NT$154.8bNT$51.4bNT$7.4b19.6x21x3x
Sun, 26 Nov 2023NT$154.8bNT$51.4bNT$7.4b19.5x21x3x
Tue, 24 Oct 2023NT$148.6bNT$48.2bNT$7.2b18.1x20.6x3.1x
Thu, 21 Sep 2023NT$152.6bNT$48.2bNT$7.2b18.6x21.2x3.2x
Sat, 19 Aug 2023NT$151.7bNT$48.2bNT$7.2b18.9x21x3.1x
Mon, 17 Jul 2023NT$164.8bNT$45.3bNT$5.9b25.2x27.8x3.6x
Wed, 14 Jun 2023NT$167.8bNT$44.9bNT$5.9b22x28.4x3.7x
Fri, 12 May 2023NT$157.8bNT$43.5bNT$5.2b24x30.1x3.6x
Sun, 09 Apr 2023NT$151.8bNT$43.1bNT$5.4b25.1x28.3x3.5x
Tue, 07 Mar 2023NT$148.6bNT$40.1bNT$4.7b27.8x31.6x3.7x
Thu, 02 Feb 2023NT$140.1bNT$41.0bNT$4.7b25.4x29.5x3.4x
Sat, 31 Dec 2022NT$133.9bNT$41.0bNT$4.7b21.3x28.3x3.3x
Price to Earnings Ratio

28.3x


Total Market Cap: NT$133.9bTotal Earnings: NT$4.7bTotal Revenue: NT$41.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Utilities Sector Price to Earnings3Y Average 25.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Taiwanese Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • Total earnings for the Utilities industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 30% 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 Utilities sector?

TW Market2.81%
Utilities1.08%
Renewable Energy1.68%
Gas Utilities0.16%
Water Utilities-0.21%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry even though it's trading below its 3-year average PE ratio of 22.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 88% over the next 5 years.
  • This is better than its past earnings growth rate of 31% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 88% 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
8926 Taiwan CogenerationNT$41.252.6%
+NT$766.8m		-0.6%PE17.3x
6806 Shinfox EnergyNT$40.104.7%
+NT$494.4m		-65.4%PS0.4x
6869 J&V Energy TechnologyNT$96.103.4%
+NT$435.8m		-45.9%PE10.8x
6873 HD Renewable EnergyNT$101.503.0%
+NT$423.8m		-43.7%PE17.5x
7877 TEINCO TechnologyLtdNT$40.9512.2%
+NT$172.9m		n/an/a

Latest News

6873
NT$101.50
HD Renewable Energy
7D
3.0%
1Y
-43.7%
7842
NT$159.00
Greenet
7D
6.0%
1Y
n/a
6869
NT$96.10
J&V Energy Technology
7D
3.4%
1Y
-45.9%
6806
NT$40.10
Shinfox Energy
7D
4.7%
1Y
-65.4%
8926
NT$41.25
Taiwan Cogeneration
7D
2.6%
1Y
-0.6%
9931
NT$34.00
Hsin Kao GasLtd
7D
-0.6%
1Y
0.9%
6994
NT$93.40
Foxwell Power
7D
-3.7%
1Y
-21.2%
9926
NT$49.65
Shin Hai Gas
7D
0.5%
1Y
-3.4%
6987
NT$20.60
Ina Energy
7D
-0.2%
1Y
-57.7%
6946
NT$10.00
Santi Renewable Energy
7D
-0.5%
1Y
-69.7%
6639
NT$7.30
Grand Green Energy
7D
10.1%
1Y
-39.4%
8917
NT$58.00
Hsin Tai Gas
7D
-0.5%
1Y
-11.5%
7590
NT$17.40
YIHO International
7D
-2.8%
1Y
-38.3%