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Taiwanese (TAIEX) Utilities Sector Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies19
  • 7D3.1%
  • 3M-4.0%
  • 1Y-12.6%
  • YTD-1.3%

The Utilities industry is up 4.6% in the last week, with Shinfox Energy up 31%. However, the industry is down 12% over the past year. Looking forward, earnings are forecast to grow by 114% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Apr 2026NT$150.4bNT$62.4bNT$5.5b20.6x27.1x2.4x
Sat, 21 Mar 2026NT$165.1bNT$92.8b-NT$6,197,847,000.0018.8x-26.6x1.8x
Mon, 16 Feb 2026NT$165.4bNT$90.2b-NT$4,175,537,000.0018.7x-39.6x1.8x
Wed, 14 Jan 2026NT$155.7bNT$90.2b-NT$4,175,537,000.0018.3x-37.3x1.7x
Fri, 12 Dec 2025NT$153.9bNT$89.8b-NT$4,185,836,000.0018.5x-36.8x1.7x
Sun, 09 Nov 2025NT$172.4bNT$84.9bNT$4.1b19.7x42x2x
Tue, 07 Oct 2025NT$174.2bNT$84.6bNT$4.1b19.3x42.3x2.1x
Thu, 04 Sep 2025NT$178.9bNT$83.4bNT$4.1b19.2x43.7x2.1x
Sat, 02 Aug 2025NT$197.3bNT$77.8bNT$8.2b22.2x24.1x2.5x
Mon, 30 Jun 2025NT$205.7bNT$77.8bNT$8.2b23.5x25.1x2.6x
Wed, 28 May 2025NT$209.4bNT$76.8bNT$8.2b23.4x25.7x2.7x
Fri, 25 Apr 2025NT$183.8bNT$71.8bNT$8.3b19.8x22x2.6x
Sun, 23 Mar 2025NT$204.2bNT$69.4bNT$8.2b23.3x24.8x2.9x
Tue, 18 Feb 2025NT$211.1bNT$63.5bNT$7.3b25.8x29.1x3.3x
Thu, 16 Jan 2025NT$198.0bNT$63.5bNT$7.3b25.3x27.3x3.1x
Sat, 14 Dec 2024NT$207.4bNT$63.5bNT$7.3b26.2x28.6x3.3x
Mon, 11 Nov 2024NT$239.9bNT$61.2bNT$7.2b29x33.1x3.9x
Wed, 09 Oct 2024NT$223.5bNT$58.3bNT$7.0b25.9x31.9x3.8x
Fri, 06 Sep 2024NT$206.6bNT$57.4bNT$6.9b24x30.1x3.6x
Sun, 04 Aug 2024NT$200.0bNT$55.2bNT$6.9b25.7x29.1x3.6x
Tue, 02 Jul 2024NT$206.1bNT$55.2bNT$6.9b26.5x30x3.7x
Thu, 30 May 2024NT$179.1bNT$55.0bNT$6.9b22.2x26.1x3.3x
Sat, 27 Apr 2024NT$184.8bNT$52.7bNT$7.3b22.9x25.4x3.5x
Mon, 25 Mar 2024NT$183.2bNT$52.8bNT$7.3b22.8x25.2x3.5x
Wed, 21 Feb 2024NT$167.0bNT$51.4bNT$7.4b20.8x22.6x3.3x
Fri, 19 Jan 2024NT$154.5bNT$51.4bNT$7.4b19.4x20.9x3x
Sun, 17 Dec 2023NT$154.4bNT$51.4bNT$7.4b19.3x20.9x3x
Tue, 14 Nov 2023NT$151.9bNT$48.2bNT$7.2b17.8x21.1x3.1x
Thu, 12 Oct 2023NT$153.0bNT$49.2bNT$7.3b17x21.1x3.1x
Sat, 09 Sep 2023NT$153.0bNT$48.2bNT$7.2b19x21.2x3.2x
Mon, 07 Aug 2023NT$161.2bNT$45.4bNT$5.9b25.2x27.3x3.6x
Wed, 05 Jul 2023NT$170.3bNT$44.9bNT$5.9b23.8x28.8x3.8x
Fri, 02 Jun 2023NT$160.2bNT$44.6bNT$5.8b22.6x27.7x3.6x
Sun, 30 Apr 2023NT$157.6bNT$43.5bNT$5.2b24.5x30x3.6x
Price to Earnings Ratio

30x


Total Market Cap: NT$157.6bTotal Earnings: NT$5.2bTotal Revenue: NT$43.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Utilities Sector Price to Earnings3Y Average 19.7x202420252026
Current Industry PE
  • Investors are optimistic on the Taiwanese Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.2x which is higher than its 3-year average PE of 19.7x.
  • The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 13% 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Taiwanese Utilities sector?

TW Market3.77%
Utilities3.14%
Renewable Energy5.97%
Water Utilities-0.52%
Gas Utilities-0.96%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 32.0x.
    • Analysts are expecting annual earnings growth of 114.3%, which is higher than its past year's earnings growth of 31.8% per year.
  • Investors are most pessimistic about the Water Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.4x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 114% over the next 5 years.
  • This is better than its past earnings growth rate of 32% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 114% 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
6946 Santi Renewable EnergyNT$16.5027.9%
+NT$1.2b		-19.9%PS5x
8926 Taiwan CogenerationNT$45.401.8%
+NT$584.2m		13.1%PE18.5x
6806 Shinfox EnergyNT$24.207.8%
+NT$480.6m		-70.1%PS0.3x
6987 Ina EnergyNT$21.609.1%
+NT$399.5m		-36.3%PE29.5x
7590 YIHO InternationalNT$25.0013.9%
+NT$312.3m		5.7%PE37.6x

Latest News

6987
NT$21.60
Ina Energy
7D
9.1%
1Y
-36.3%
6806
NT$24.20
Shinfox Energy
7D
7.8%
1Y
-70.1%
7590
NT$25.00
YIHO International
7D
13.9%
1Y
5.7%
6869
NT$85.50
J&V Energy Technology
7D
-1.2%
1Y
-36.0%
6639
NT$9.00
Grand Green Energy
7D
15.7%
1Y
0%
7842
NT$170.00
Greenet
7D
11.1%
1Y
n/a
8435
NT$56.70
Zimmite Taiwan
7D
-1.4%
1Y
-20.1%
6873
NT$89.60
HD Renewable Energy
7D
0.9%
1Y
-47.4%
8908
NT$40.00
ShinHsiung Natural Gas
7D
-3.6%
1Y
0.1%
8926
NT$45.40
Taiwan Cogeneration
7D
1.8%
1Y
13.1%
9908
NT$29.50
Great Taipei Gas
7D
-1.0%
1Y
-5.9%
9926
NT$49.35
Shin Hai Gas
7D
-1.2%
1Y
-2.7%
8931
NT$41.30
Ta-Yuan Cogeneration
7D
-2.4%
1Y
-5.6%
8917
NT$51.70
Hsin Tai Gas
7D
-3.7%
1Y
-14.3%
6946
NT$16.50
Santi Renewable Energy
7D
27.9%
1Y
-19.9%
7877
NT$41.00
TEINCO TechnologyLtd
7D
-5.0%
1Y
n/a