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Taiwanese (TAIEX) Utilities Sector Analysis

UpdatedNov 08, 2025
DataAggregated Company Financials
Companies19
  • 7D-0.8%
  • 3M-12.5%
  • 1Y-23.4%
  • YTD-20.7%

Over the last 7 days, the Utilities industry has remained flat, although notably J&V Energy Technology declined by 7.9%. As for the longer term, the industry has declined 23% in the last year. Earnings are forecast to grow by 73% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 27 Mar 2023NT$153.2bNT$43.0bNT$5.3b23.4x28.8x3.6x
Wed, 22 Feb 2023NT$148.4bNT$41.0bNT$4.7b28.6x31.3x3.6x
Fri, 20 Jan 2023NT$135.6bNT$41.0bNT$4.7b22.7x28.6x3.3x
Sun, 18 Dec 2022NT$132.2bNT$41.0bNT$4.7b22.1x27.9x3.2x
Tue, 15 Nov 2022NT$123.1bNT$38.8bNT$4.2b23.9x29.2x3.2x
Price to Earnings Ratio

29.2x


Total Market Cap: NT$123.1bTotal Earnings: NT$4.2bTotal Revenue: NT$38.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Utilities Sector Price to Earnings3Y Average 27.9x202320242025
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 42.3x which is higher than its 3-year average PE of 27.9x.
  • The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.0x.
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 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 and as a result, profits have held steady.

Industry Trends

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

TW Market-2.05%
Utilities-0.84%
Water Utilities2.63%
Gas Utilities0.70%
Renewable Energy-1.72%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 37.3x.
    • Analysts are expecting annual earnings growth of 72.6%, which is higher than its past year's earnings growth of 60.7% per year.
  • Investors are most pessimistic about the Water Utilities industry, which is trading close to its 3-year average of 14.3x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 73% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 73% 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$49.552.7%
+NT$949.4m		14.7%PE19.5x
8908 ShinHsiung Natural GasNT$42.654.9%
+NT$629.9m		-10.0%PE19.7x
6946 Santi Renewable EnergyNT$13.509.3%
+NT$372.4m		-66.3%PS4.1x
6987 Ina EnergyNT$25.106.1%
+NT$321.8m		-51.5%PE34.3x
8435 Zimmite TaiwanNT$52.605.0%
+NT$79.3m		-29.9%PE15.2x

Latest News

8931
NT$49.80
Ta-Yuan Cogeneration
7D
-2.7%
1Y
3.8%
6994
NT$94.70
Foxwell Power
7D
0.9%
1Y
-7.6%
6987
NT$25.10
Ina Energy
7D
6.1%
1Y
-51.5%
6873
NT$123.00
HD Renewable Energy
7D
-5.4%
1Y
-32.6%
6946
NT$13.50
Santi Renewable Energy
7D
9.3%
1Y
-66.3%
6869
NT$111.00
J&V Energy Technology
7D
-7.9%
1Y
-41.4%
8908
NT$42.65
ShinHsiung Natural Gas
7D
4.9%
1Y
-10.0%
6639
NT$8.75
Grand Green Energy
7D
12.8%
1Y
-25.8%
6806
NT$56.30
Shinfox Energy
7D
-7.4%
1Y
-52.9%
9918
NT$39.80
Shin Shin Natural Gas
7D
0.8%
1Y
-2.8%
8926
NT$49.55
Taiwan Cogeneration
7D
2.7%
1Y
14.7%
9931
NT$33.30
Hsin Kao GasLtd
7D
-1.8%
1Y
-2.6%
8917
NT$58.90
Hsin Tai Gas
7D
-1.8%
1Y
-5.5%
9926
NT$49.55
Shin Hai Gas
7D
-0.3%
1Y
-6.2%
8435
NT$52.60
Zimmite Taiwan
7D
5.0%
1Y
-29.9%
7590
NT$16.85
YIHO International
7D
-2.3%
1Y
-40.2%