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Taiwanese (TAIEX) Market Analysis & Valuation

UpdatedMay 08, 2024
DataAggregated Company Financials
Companies2159
  • 7D1.2%
  • 3M13.1%
  • 1Y29.6%
  • YTD14.7%

The market has climbed 1.2% in the last 7 days, lead by the Information Technology sector with a gain of 1.5%. In the last year, the market has climbed 30%. Looking forward, earnings are forecast to grow by 19% annually.

Trending IndustriesBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Taiwanese Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 May 2024NT$72.7tNT$41.2tNT$2.9t23.4x24.7x1.8x
Fri, 05 Apr 2024NT$71.8tNT$41.0tNT$2.9t23.1x24.6x1.7x
Sun, 03 Mar 2024NT$67.1tNT$41.1tNT$2.8t22.1x24.4x1.6x
Tue, 30 Jan 2024NT$63.9tNT$41.2tNT$2.8t21.1x23.1x1.6x
Thu, 28 Dec 2023NT$63.0tNT$41.2tNT$2.8t21.3x22.4x1.5x
Sat, 25 Nov 2023NT$60.8tNT$41.1tNT$2.8t21x21.9x1.5x
Mon, 23 Oct 2023NT$57.8tNT$42.0tNT$3.1t18.7x18.9x1.4x
Wed, 20 Sep 2023NT$58.5tNT$41.9tNT$3.1t19.6x19.2x1.4x
Fri, 18 Aug 2023NT$57.8tNT$41.8tNT$3.0t19.4x19.2x1.4x
Sun, 16 Jul 2023NT$60.6tNT$43.1tNT$3.4t19.2x17.8x1.4x
Tue, 13 Jun 2023NT$59.5tNT$42.9tNT$3.4t18.4x17.4x1.4x
Thu, 11 May 2023NT$55.1tNT$43.2tNT$3.9t16.8x14.1x1.3x
Sat, 08 Apr 2023NT$55.7tNT$43.3tNT$4.0t16.1x13.9x1.3x
Mon, 06 Mar 2023NT$54.8tNT$44.3tNT$4.5t15.1x12.3x1.2x
Wed, 01 Feb 2023NT$53.2tNT$44.4tNT$4.6t13.6x11.5x1.2x
Fri, 30 Dec 2022NT$49.2tNT$44.2tNT$4.5t13.1x11x1.1x
Sun, 27 Nov 2022NT$51.3tNT$44.5tNT$4.5t13.1x11.3x1.2x
Tue, 25 Oct 2022NT$44.6tNT$44.1tNT$4.6t12.8x9.6x1x
Thu, 22 Sep 2022NT$50.3tNT$43.9tNT$4.5t14.4x11.1x1.1x
Sat, 20 Aug 2022NT$53.6tNT$44.5tNT$4.6t14.5x11.7x1.2x
Mon, 18 Jul 2022NT$50.4tNT$43.7tNT$4.6t14x11x1.2x
Wed, 15 Jun 2022NT$55.5tNT$43.5tNT$4.5t15.1x12.4x1.3x
Fri, 13 May 2022NT$55.2tNT$43.2tNT$4.5t15.2x12.4x1.3x
Sun, 10 Apr 2022NT$59.8tNT$42.2tNT$4.3t16.6x13.9x1.4x
Tue, 08 Mar 2022NT$59.5tNT$42.3tNT$4.1t16.5x14.4x1.4x
Thu, 03 Feb 2022NT$61.1tNT$42.0tNT$4.0t16.6x15.1x1.5x
Sat, 01 Jan 2022NT$63.2tNT$41.8tNT$4.0t17.6x15.8x1.5x
Mon, 29 Nov 2021NT$60.1tNT$41.8tNT$4.0t16.6x15.1x1.4x
Wed, 27 Oct 2021NT$58.4tNT$40.8tNT$3.6t16.3x16.2x1.4x
Fri, 24 Sep 2021NT$58.5tNT$40.7tNT$3.6t16.4x16.4x1.4x
Sun, 22 Aug 2021NT$55.9tNT$40.7tNT$3.6t16.2x15.6x1.4x
Fri, 09 Jul 2021NT$60.5tNT$40.7tNT$3.6t17.1x16.9x1.5x
Price to Earnings Ratio

18.7x


Total Market Cap: NT$57.9tTotal Earnings: NT$3.1tTotal Revenue: NT$39.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Market Price to Earnings3Y Average 16x202220232024
Current Market PE
  • Investors are optimistic on the Taiwanese market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 24.7x which is higher than its 3-year average PE of 16.0x.
Past Earnings Growth
  • Both revenue and earnings for Taiwanese listed companies have remained mostly flat over the last three years.
  • This means sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Sector Trends

Which sectors have driven the changes within the Taiwanese Market?

TW Market1.20%
Real Estate4.91%
Financials2.40%
Tech1.46%
Telecom1.23%
Consumer Staples0.57%
Materials0.18%
Consumer Discretionary0.077%
Healthcare-0.47%
Industrials-0.78%
Utilities-0.85%
Energy-0.97%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 128x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 55.2% which is higher than its past year's earnings decline of 9.0% per year.
  • The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 13.7x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 55% over the next 5 years.
  • This is better than its past earnings decline of 9.0% per year.
  • In contrast, the Telecom sector is expected to see its earnings grow by 6.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
2330 Taiwan Semiconductor ManufacturingNT$802.001.5%
+NT$311.2b		59.4%PE24.3xTech
2317 Hon Hai Precision IndustryNT$169.508.7%
+NT$187.1b		59.2%PE16.5xTech
2454 MediaTekNT$1.10k10.4%
+NT$164.0b		63.9%PE19xTech
2382 Quanta ComputerNT$273.505.2%
+NT$52.0b		198.3%PE26.6xTech
2891 CTBC Financial HoldingNT$36.206.2%
+NT$42.3b		55.4%PB1.7xFinancials
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