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Taiwanese (TAIEX) Utilities Sector Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies19
  • 7D-0.6%
  • 3M-1.4%
  • 1Y-16.4%
  • YTD-5.4%

The Utilities industry has been flat over the last week, but Shinfox Energy has lost 34%. As for the longer term, the industry has declined 16% in the last year. 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
Mon, 13 Apr 2026NT$144.1bNT$61.0bNT$5.5b20.5x26.3x2.4x
Wed, 11 Mar 2026NT$170.6bNT$93.0b-NT$3,860,940,000.0018.7x-44.2x1.8x
Fri, 06 Feb 2026NT$168.3bNT$90.2b-NT$4,175,537,000.0018.4x-40.3x1.9x
Sun, 04 Jan 2026NT$153.7bNT$90.2b-NT$4,175,537,000.0018.4x-36.8x1.7x
Tue, 02 Dec 2025NT$155.4bNT$89.8b-NT$4,185,836,000.0018.7x-37.1x1.7x
Thu, 30 Oct 2025NT$173.3bNT$84.6bNT$4.1b19.2x42.1x2x
Sat, 27 Sep 2025NT$174.3bNT$84.6bNT$4.1b19.4x42.4x2.1x
Mon, 25 Aug 2025NT$189.6bNT$83.4bNT$4.1b19.6x46.3x2.3x
Wed, 23 Jul 2025NT$198.0bNT$77.8bNT$8.2b22.6x24.2x2.5x
Fri, 20 Jun 2025NT$208.4bNT$76.8bNT$8.2b23.7x25.5x2.7x
Sun, 18 May 2025NT$202.7bNT$76.8bNT$8.4b22.6x24.2x2.6x
Tue, 15 Apr 2025NT$180.2bNT$71.7bNT$8.3b18.9x21.6x2.5x
Thu, 13 Mar 2025NT$204.9bNT$63.8bNT$7.3b25.7x28.2x3.2x
Sat, 08 Feb 2025NT$207.2bNT$63.5bNT$7.3b26.2x28.5x3.3x
Mon, 06 Jan 2025NT$205.7bNT$63.5bNT$7.3b25.8x28.3x3.2x
Wed, 04 Dec 2024NT$213.3bNT$63.5bNT$7.3b26.6x29.4x3.4x
Fri, 01 Nov 2024NT$237.0bNT$60.6bNT$7.2b29.3x33x3.9x
Sun, 29 Sep 2024NT$217.7bNT$58.3bNT$7.0b26x31x3.7x
Tue, 27 Aug 2024NT$204.2bNT$57.4bNT$6.9b24.2x29.8x3.6x
Thu, 25 Jul 2024NT$221.5bNT$55.2bNT$6.9b26.6x32.3x4x
Sat, 22 Jun 2024NT$188.8bNT$55.2bNT$6.9b23.3x27.5x3.4x
Mon, 20 May 2024NT$177.0bNT$55.0bNT$6.9b22.1x25.8x3.2x
Wed, 17 Apr 2024NT$186.5bNT$52.7bNT$7.3b22.7x25.6x3.5x
Fri, 15 Mar 2024NT$180.9bNT$54.0bNT$7.6b21.3x23.8x3.3x
Sun, 11 Feb 2024NT$157.9bNT$51.4bNT$7.4b20.9x21.4x3.1x
Tue, 09 Jan 2024NT$154.4bNT$51.4bNT$7.4b19.3x20.9x3x
Thu, 07 Dec 2023NT$154.0bNT$51.4bNT$7.4b19.4x20.9x3x
Sat, 04 Nov 2023NT$151.7bNT$48.2bNT$7.2b18.3x21x3.1x
Mon, 02 Oct 2023NT$156.1bNT$49.2bNT$7.3b17.2x21.5x3.2x
Wed, 30 Aug 2023NT$151.6bNT$48.2bNT$7.2b19x21x3.1x
Fri, 28 Jul 2023NT$162.4bNT$45.3bNT$5.9b24.8x27.4x3.6x
Sun, 25 Jun 2023NT$170.1bNT$44.9bNT$5.9b22.5x28.8x3.8x
Tue, 23 May 2023NT$160.2bNT$44.3bNT$5.3b26.3x30.3x3.6x
Thu, 20 Apr 2023NT$161.6bNT$43.6bNT$5.3b25.5x30.5x3.7x
Price to Earnings Ratio

30.5x


Total Market Cap: NT$161.6bTotal 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 26.3x 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 12% 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 Market8.78%
Utilities-0.56%
Water Utilities0.35%
Renewable Energy0.033%
Gas Utilities-1.47%
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 1.8% 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 1.8% 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
8926 Taiwan CogenerationNT$44.051.4%
+NT$438.2m		8.9%PE18x
6873 HD Renewable EnergyNT$85.303.4%
+NT$397.2m		-48.7%PE24x
6946 Santi Renewable EnergyNT$14.054.1%
+NT$178.1m		-43.2%PS4.3x
8917 Hsin Tai GasNT$53.000.6%
+NT$48.8m		-16.9%PE23.7x
6994 Foxwell PowerNT$66.100.8%
+NT$36.0m		-28.5%PE10.6x

Latest News

9918
NT$43.35
Shin Shin Natural Gas
7D
-6.8%
1Y
10.6%
6806
NT$22.90
Shinfox Energy
7D
-34.1%
1Y
-70.4%
6869
NT$81.80
J&V Energy Technology
7D
-3.8%
1Y
-38.0%
7590
NT$18.35
YIHO International
7D
1.7%
1Y
-12.8%
6994
NT$66.10
Foxwell Power
7D
0.8%
1Y
-28.5%
8435
NT$57.00
Zimmite Taiwan
7D
0.4%
1Y
-19.8%
6873
NT$85.30
HD Renewable Energy
7D
3.4%
1Y
-48.7%
9931
NT$35.40
Hsin Kao GasLtd
7D
-5.1%
1Y
3.5%
8926
NT$44.05
Taiwan Cogeneration
7D
1.4%
1Y
8.9%
9908
NT$29.75
Great Taipei Gas
7D
-0.5%
1Y
-2.1%
9926
NT$49.85
Shin Hai Gas
7D
0.3%
1Y
-0.1%
8931
NT$41.85
Ta-Yuan Cogeneration
7D
-3.5%
1Y
-1.1%
8917
NT$53.00
Hsin Tai Gas
7D
0.6%
1Y
-16.9%
7897
NT$34.40
WHOLE Sun Green Power
7D
-4.4%
1Y
n/a
6946
NT$14.05
Santi Renewable Energy
7D
4.1%
1Y
-43.2%
7877
NT$42.70
TEINCO TechnologyLtd
7D
-9.1%
1Y
n/a