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Taiwanese (TAIEX) Utilities Sector Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies19
  • 7D5.5%
  • 3M-4.1%
  • 1Y-12.3%
  • YTD-0.4%

Taiwan Cogeneration is up 5.7%, leading the way for the Utilities industry, which has gained 3.5%. In the past year, the industry is down 15%. As for the next few years, earnings are expected to grow by 114% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026NT$151.8bNT$62.4bNT$5.5b20.8x27.4x2.4x
Thu, 19 Mar 2026NT$165.1bNT$92.0b-NT$4,168,934,000.0019.2x-39.6x1.8x
Sat, 14 Feb 2026NT$165.4bNT$90.2b-NT$4,175,537,000.0018.7x-39.6x1.8x
Mon, 12 Jan 2026NT$152.1bNT$90.2b-NT$4,175,537,000.0018.2x-36.4x1.7x
Wed, 10 Dec 2025NT$156.2bNT$89.8b-NT$4,185,836,000.0018.6x-37.3x1.7x
Fri, 07 Nov 2025NT$173.6bNT$84.9bNT$4.1b19.8x42.3x2x
Sun, 05 Oct 2025NT$174.2bNT$84.6bNT$4.1b19.3x42.3x2.1x
Tue, 02 Sep 2025NT$179.9bNT$83.4bNT$4.1b19.3x44x2.2x
Thu, 31 Jul 2025NT$198.0bNT$77.8bNT$8.2b22.1x24.2x2.5x
Sat, 28 Jun 2025NT$205.7bNT$77.8bNT$8.2b23.5x25.1x2.6x
Mon, 26 May 2025NT$212.8bNT$76.8bNT$8.2b23.3x26.1x2.8x
Wed, 23 Apr 2025NT$182.7bNT$71.8bNT$8.3b19.7x22x2.5x
Fri, 21 Mar 2025NT$205.0bNT$64.9bNT$8.2b23.2x24.9x3.2x
Sun, 16 Feb 2025NT$211.9bNT$63.5bNT$7.3b25.7x29.2x3.3x
Tue, 14 Jan 2025NT$195.9bNT$63.5bNT$7.3b25.3x27x3.1x
Thu, 12 Dec 2024NT$211.4bNT$63.5bNT$7.3b26.5x29.1x3.3x
Sat, 09 Nov 2024NT$239.9bNT$60.6bNT$7.2b29x33.4x4x
Mon, 07 Oct 2024NT$210.6bNT$58.3bNT$7.0b25.7x30x3.6x
Wed, 04 Sep 2024NT$213.5bNT$57.4bNT$6.9b24.1x31.1x3.7x
Fri, 02 Aug 2024NT$206.8bNT$55.2bNT$6.9b26.1x30.1x3.7x
Sun, 30 Jun 2024NT$203.7bNT$55.2bNT$6.9b26.3x29.7x3.7x
Tue, 28 May 2024NT$180.9bNT$55.0bNT$6.9b22.5x26.4x3.3x
Thu, 25 Apr 2024NT$186.7bNT$52.7bNT$7.3b23.1x25.6x3.5x
Sat, 23 Mar 2024NT$183.2bNT$52.8bNT$7.3b22.8x25.2x3.5x
Mon, 19 Feb 2024NT$163.7bNT$51.4bNT$7.4b21.4x22.2x3.2x
Wed, 17 Jan 2024NT$155.2bNT$51.4bNT$7.4b19.2x21x3x
Fri, 15 Dec 2023NT$153.3bNT$51.4bNT$7.4b19.4x20.8x3x
Sun, 12 Nov 2023NT$151.9bNT$48.2bNT$7.2b17.9x21.1x3.1x
Tue, 10 Oct 2023NT$153.3bNT$49.2bNT$7.3b16.7x21.1x3.1x
Thu, 07 Sep 2023NT$153.2bNT$48.2bNT$7.2b19.2x21.2x3.2x
Sat, 05 Aug 2023NT$161.2bNT$45.4bNT$5.9b25.2x27.3x3.6x
Mon, 03 Jul 2023NT$168.8bNT$44.9bNT$5.9b23.3x28.6x3.8x
Wed, 31 May 2023NT$161.4bNT$44.6bNT$5.8b22.5x27.9x3.6x
Fri, 28 Apr 2023NT$155.9bNT$43.6bNT$5.3b24.5x29.5x3.6x
Price to Earnings Ratio

29.5x


Total Market Cap: NT$155.9bTotal Earnings: NT$5.3bTotal Revenue: NT$43.6bTotal 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 26.9x 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 Market4.74%
Utilities5.54%
Renewable Energy9.42%
Water Utilities0.18%
Gas Utilities-0.013%
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$27.1031.2%
+NT$1.8b		-65.7%PS0.3x
8926 Taiwan CogenerationNT$46.205.5%
+NT$1.8b		16.2%PE18.9x
7590 YIHO InternationalNT$32.0081.3%
+NT$1.5b		32.2%PE48.1x
7897 WHOLE Sun Green PowerNT$44.6029.7%
+NT$1.4b		n/aPS27.1x
6873 HD Renewable EnergyNT$90.006.4%
+NT$766.1m		-45.6%PE25.3x

Latest News

6987
NT$23.05
Ina Energy
7D
16.4%
1Y
-33.1%
6806
NT$27.10
Shinfox Energy
7D
31.2%
1Y
-65.7%
7590
NT$32.00
YIHO International
7D
81.3%
1Y
32.2%
9918
NT$42.95
Shin Shin Natural Gas
7D
-2.5%
1Y
8.9%
6869
NT$88.20
J&V Energy Technology
7D
6.5%
1Y
-33.7%
7842
NT$151.00
Greenet
7D
-2.6%
1Y
n/a
6994
NT$73.60
Foxwell Power
7D
13.8%
1Y
-19.6%
6873
NT$90.00
HD Renewable Energy
7D
6.4%
1Y
-45.6%
9931
NT$36.05
Hsin Kao GasLtd
7D
-0.1%
1Y
3.4%
8926
NT$46.20
Taiwan Cogeneration
7D
5.5%
1Y
16.2%
8917
NT$52.50
Hsin Tai Gas
7D
-0.6%
1Y
-14.8%
7897
NT$44.60
WHOLE Sun Green Power
7D
29.7%
1Y
n/a
7877
NT$42.75
TEINCO TechnologyLtd
7D
-3.2%
1Y
n/a