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Taiwanese (TAIEX) Utilities Sector Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies19
  • 7D4.6%
  • 3M-3.2%
  • 1Y-12.2%
  • YTD-1.1%

The Utilities industry is up 4.6% in the last week, with Shinfox Energy up 31%. In the past year, the industry is down 12%. 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
Wed, 22 Apr 2026NT$150.7bNT$62.4bNT$5.5b20.7x27.2x2.4x
Fri, 20 Mar 2026NT$166.8bNT$92.8b-NT$5,947,268,000.0021.8x-28x1.8x
Sun, 15 Feb 2026NT$165.4bNT$90.2b-NT$4,175,537,000.0018.7x-39.6x1.8x
Tue, 13 Jan 2026NT$152.8bNT$90.2b-NT$4,175,537,000.0018.1x-36.6x1.7x
Thu, 11 Dec 2025NT$155.0bNT$89.8b-NT$4,185,836,000.0018.5x-37x1.7x
Sat, 08 Nov 2025NT$172.4bNT$84.9bNT$4.1b19.7x42x2x
Mon, 06 Oct 2025NT$174.2bNT$84.6bNT$4.1b19.3x42.3x2.1x
Wed, 03 Sep 2025NT$180.2bNT$83.4bNT$4.1b19.2x44x2.2x
Fri, 01 Aug 2025NT$195.9bNT$77.8bNT$8.2b21.9x23.9x2.5x
Sun, 29 Jun 2025NT$205.7bNT$77.8bNT$8.2b23.5x25.1x2.6x
Tue, 27 May 2025NT$210.6bNT$76.8bNT$8.2b23x25.8x2.7x
Thu, 24 Apr 2025NT$183.8bNT$71.8bNT$8.3b19.9x22x2.6x
Sat, 22 Mar 2025NT$204.2bNT$69.4bNT$8.2b23.3x24.8x2.9x
Mon, 17 Feb 2025NT$211.9bNT$63.5bNT$7.3b25.7x29.2x3.3x
Wed, 15 Jan 2025NT$198.6bNT$63.5bNT$7.3b25.3x27.4x3.1x
Fri, 13 Dec 2024NT$210.3bNT$63.5bNT$7.3b26.5x29x3.3x
Sun, 10 Nov 2024NT$239.9bNT$61.2bNT$7.2b29x33.1x3.9x
Tue, 08 Oct 2024NT$213.7bNT$58.3bNT$7.0b26x30.5x3.7x
Thu, 05 Sep 2024NT$208.8bNT$57.4bNT$6.9b24x30.5x3.6x
Sat, 03 Aug 2024NT$200.0bNT$55.2bNT$6.9b25.7x29.1x3.6x
Mon, 01 Jul 2024NT$203.7bNT$55.2bNT$6.9b26.3x29.7x3.7x
Wed, 29 May 2024NT$179.8bNT$55.0bNT$6.9b22.3x26.2x3.3x
Fri, 26 Apr 2024NT$185.2bNT$52.7bNT$7.3b23x25.4x3.5x
Sun, 24 Mar 2024NT$183.2bNT$52.8bNT$7.3b22.8x25.2x3.5x
Tue, 20 Feb 2024NT$166.5bNT$51.4bNT$7.4b21.3x22.6x3.2x
Thu, 18 Jan 2024NT$155.3bNT$51.4bNT$7.4b19.4x21x3x
Sat, 16 Dec 2023NT$154.4bNT$51.4bNT$7.4b19.3x20.9x3x
Mon, 13 Nov 2023NT$151.9bNT$48.2bNT$7.2b17.9x21.1x3.1x
Wed, 11 Oct 2023NT$153.3bNT$49.2bNT$7.3b16.7x21.1x3.1x
Fri, 08 Sep 2023NT$153.0bNT$48.2bNT$7.2b19x21.2x3.2x
Sun, 06 Aug 2023NT$161.2bNT$45.4bNT$5.9b25.2x27.3x3.6x
Tue, 04 Jul 2023NT$169.0bNT$44.9bNT$5.9b23.8x28.6x3.8x
Thu, 01 Jun 2023NT$162.9bNT$44.6bNT$5.8b22.9x28.2x3.7x
Sat, 29 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 Market4.23%
Utilities4.62%
Renewable Energy8.08%
Gas Utilities-0.33%
Water Utilities-0.35%
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
6806 Shinfox EnergyNT$26.8531.3%
+NT$1.8b		-66.6%PS0.3x
6946 Santi Renewable EnergyNT$17.3034.6%
+NT$1.4b		-15.2%PS5.3x
7590 YIHO InternationalNT$27.6062.8%
+NT$1.1b		16.7%PE41.5x
8926 Taiwan CogenerationNT$45.703.0%
+NT$985.9m		15.0%PE18.7x
6987 Ina EnergyNT$21.9513.7%
+NT$588.1m		-34.9%PE30x

Latest News

6987
NT$21.90
Ina Energy
7D
13.5%
1Y
-35.0%
6806
NT$26.85
Shinfox Energy
7D
31.3%
1Y
-66.6%
7590
NT$27.70
YIHO International
7D
63.4%
1Y
17.1%
6869
NT$88.40
J&V Energy Technology
7D
2.8%
1Y
-33.8%
6994
NT$71.30
Foxwell Power
7D
4.1%
1Y
-25.7%
8435
NT$57.00
Zimmite Taiwan
7D
-0.5%
1Y
-19.6%
6873
NT$89.70
HD Renewable Energy
7D
2.5%
1Y
-47.6%
8908
NT$40.50
ShinHsiung Natural Gas
7D
-1.2%
1Y
0.6%
9931
NT$36.00
Hsin Kao GasLtd
7D
-0.1%
1Y
4.5%
8926
NT$45.70
Taiwan Cogeneration
7D
3.0%
1Y
15.0%
9908
NT$29.75
Great Taipei Gas
7D
-0.7%
1Y
-6.0%
8931
NT$41.90
Ta-Yuan Cogeneration
7D
-0.7%
1Y
-3.5%
8917
NT$51.80
Hsin Tai Gas
7D
-3.5%
1Y
-14.1%
6946
NT$17.30
Santi Renewable Energy
7D
34.6%
1Y
-15.2%
7877
NT$39.70
TEINCO TechnologyLtd
7D
-3.2%
1Y
n/a