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Taiwanese (TAIEX) Utilities Sector Analysis

UpdatedDec 28, 2025
DataAggregated Company Financials
Companies20
  • 7D1.4%
  • 3M-11.0%
  • 1Y-28.6%
  • YTD-28.5%

In the last week, the Utilities industry is up 1.4%, with HD Renewable Energy up 12%. However, the industry is down 29% over the past year. Looking forward, earnings are forecast to grow by 87% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 28 Dec 2025NT$156.0bNT$90.2b-NT$4,175,537,000.0018.7x-37.4x1.7x
Tue, 25 Nov 2025NT$152.4bNT$89.8b-NT$4,185,836,000.0018.7x-36.4x1.7x
Thu, 23 Oct 2025NT$177.3bNT$84.6bNT$4.1b19.6x43.1x2.1x
Sat, 20 Sep 2025NT$176.5bNT$84.6bNT$4.1b19.5x42.9x2.1x
Mon, 18 Aug 2025NT$190.4bNT$83.4bNT$4.1b19.7x46.5x2.3x
Wed, 16 Jul 2025NT$204.1bNT$77.8bNT$8.2b22.9x24.9x2.6x
Fri, 13 Jun 2025NT$208.7bNT$76.8bNT$8.2b23.7x25.6x2.7x
Sun, 11 May 2025NT$197.9bNT$75.3bNT$8.3b21.4x23.8x2.6x
Tue, 08 Apr 2025NT$173.9bNT$71.7bNT$8.3b18.7x20.9x2.4x
Thu, 06 Mar 2025NT$208.1bNT$63.5bNT$7.3b26.2x28.7x3.3x
Sat, 01 Feb 2025NT$201.6bNT$63.5bNT$7.3b25.8x27.8x3.2x
Mon, 30 Dec 2024NT$205.2bNT$63.5bNT$7.3b25.9x28.3x3.2x
Wed, 27 Nov 2024NT$211.6bNT$63.5bNT$7.3b26.5x29.1x3.3x
Fri, 25 Oct 2024NT$219.6bNT$60.6bNT$7.2b29.3x30.6x3.6x
Sun, 22 Sep 2024NT$212.7bNT$58.3bNT$7.0b25.7x30.3x3.7x
Tue, 20 Aug 2024NT$197.6bNT$57.4bNT$6.9b24.1x28.8x3.4x
Thu, 18 Jul 2024NT$216.9bNT$55.2bNT$6.9b26.8x31.6x3.9x
Sat, 15 Jun 2024NT$183.4bNT$55.2bNT$6.9b22.6x26.7x3.3x
Mon, 13 May 2024NT$179.9bNT$53.0bNT$7.3b21.9x24.6x3.4x
Wed, 10 Apr 2024NT$185.5bNT$52.7bNT$7.3b22.3x25.5x3.5x
Fri, 08 Mar 2024NT$183.2bNT$51.4bNT$7.4b20.8x24.8x3.6x
Sun, 04 Feb 2024NT$158.2bNT$51.4bNT$7.4b20.8x21.4x3.1x
Tue, 02 Jan 2024NT$155.0bNT$51.4bNT$7.4b19.7x21x3x
Thu, 30 Nov 2023NT$152.8bNT$51.4bNT$7.4b19.2x20.7x3x
Sat, 28 Oct 2023NT$148.4bNT$48.2bNT$7.2b18.1x20.6x3.1x
Mon, 25 Sep 2023NT$152.9bNT$49.2bNT$7.3b17.2x21x3.1x
Wed, 23 Aug 2023NT$152.1bNT$48.2bNT$7.2b18.8x21.1x3.2x
Fri, 21 Jul 2023NT$164.4bNT$45.3bNT$5.9b24.9x27.8x3.6x
Sun, 18 Jun 2023NT$169.1bNT$44.9bNT$5.9b22.8x28.6x3.8x
Tue, 16 May 2023NT$156.9bNT$43.5bNT$5.2b25x29.9x3.6x
Thu, 13 Apr 2023NT$157.3bNT$43.1bNT$5.4b25.6x29.3x3.6x
Sat, 11 Mar 2023NT$150.3bNT$40.1bNT$4.7b31.9x32x3.8x
Mon, 06 Feb 2023NT$139.5bNT$41.0bNT$4.7b25.4x29.4x3.4x
Wed, 04 Jan 2023NT$135.8bNT$41.0bNT$4.7b22x28.6x3.3x
Price to Earnings Ratio

28.6x


Total Market Cap: NT$135.8bTotal Earnings: NT$4.7bTotal Revenue: NT$41.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Utilities Sector Price to Earnings3Y Average 25.6x20242025
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 Market3.11%
Utilities1.38%
Renewable Energy2.42%
Water Utilities0.15%
Gas Utilities-0.24%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry even though it's trading below its 3-year average PE ratio of 21.9x.
    • 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 87% 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 87% 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
6873 HD Renewable EnergyNT$111.0012.1%
+NT$1.7b		-36.9%PE19.1x
6806 Shinfox EnergyNT$39.603.4%
+NT$357.0m		-65.7%PS0.3x
6869 J&V Energy TechnologyNT$95.301.9%
+NT$245.1m		-45.4%PE10.7x
8926 Taiwan CogenerationNT$41.000.4%
+NT$109.5m		-0.7%PE17.2x
7877 TEINCO TechnologyLtdNT$41.155.2%
+NT$79.7m		n/an/a

Latest News

6873
NT$111.00
HD Renewable Energy
7D
12.1%
1Y
-36.9%
7842
NT$154.00
Greenet
7D
-3.1%
1Y
n/a
8435
NT$53.30
Zimmite Taiwan
7D
-0.4%
1Y
-27.0%
8908
NT$44.65
ShinHsiung Natural Gas
7D
-0.6%
1Y
-2.1%
6869
NT$95.30
J&V Energy Technology
7D
1.9%
1Y
-45.4%
6806
NT$39.60
Shinfox Energy
7D
3.4%
1Y
-65.7%
8926
NT$41.00
Taiwan Cogeneration
7D
0.4%
1Y
-0.7%
6994
NT$92.30
Foxwell Power
7D
-3.0%
1Y
-21.8%
9908
NT$29.90
Great Taipei Gas
7D
-0.3%
1Y
-1.3%
9926
NT$49.50
Shin Hai Gas
7D
0.2%
1Y
-3.3%
8931
NT$45.85
Ta-Yuan Cogeneration
7D
0.4%
1Y
-4.5%
6639
NT$7.35
Grand Green Energy
7D
2.8%
1Y
-35.5%
8917
NT$58.10
Hsin Tai Gas
7D
-0.3%
1Y
-10.3%