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Elite Advanced LaserTPE:3450 +1.73%76 Cash Ratio is 0.89 as of Jun. 2026, which is 19% below its 10-year median of 1.10. GuruFocus rates TPE:3450 with a GF Score™ of 76/100 and a GF Value™ of NT$286.98 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,020 Semiconductors companies, Elite Advanced Laser ranks worse than 54.02% on this metric.
Elite Advanced Laser has a Cash Ratio of 0.89. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Elite Advanced Laser's Cash Ratio or its related term are showing as below:
TPE:3450'
s Cash Ratio Range Over the Past 10 Years
Min: 0.68 Med: 1.1 Max: 1.53
Current: 0.89
During the past 13 years, Elite Advanced Laser's highest Cash Ratio was 1.53. The lowest was 0.68. And the median was 1.10.
TPE:3450's Cash Ratio is ranked worse than 54.02% of 1020
companies
in the Semiconductors industry
Industry Median: 1.02
vs TPE:3450: 0.89
Elite Advanced Laser (TPE:3450) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Elite Advanced Laser Cash Ratio Related Terms
Elite Advanced Laser Cash Ratio Historical Data
* Premium members only.
The historical data trend for Elite Advanced Laser's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TPE:3450 vs LRCX, AMAT, KLAC: Cash Ratio Comparison
For the Semiconductor Equipment & Materials subindustry, Elite Advanced Laser's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Elite Advanced Laser Cash Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Elite Advanced Laser's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Elite Advanced Laser's Cash Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Elite Advanced Laser (TPE:3450) has a Cash Ratio of 0.89 as of Jun. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Elite Advanced Laser and its competitors. This is 19% below median its historical median of 1.10. Over the past decade, Elite Advanced Laser's Cash Ratio has ranged from 0.68 to 1.53. According to the industry distribution chart, Elite Advanced Laser ranks #551 out of 1020 companies in the Semiconductors industry, placing it in the top 54%.
Is Elite Advanced Laser's Cash Ratio too high?
Elite Advanced Laser's current Cash Ratio of 0.89 is 19% below median its 10-year median of 1.10. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 1.53. The Semiconductors industry median Cash Ratio is 1.02. Elite Advanced Laser's value of 0.89 is 12.7% below this industry median. Based on the distribution chart, Elite Advanced Laser ranks #551 out of 1020 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Elite Advanced Laser has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elite Advanced Laser's Cash Ratio compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Elite Advanced Laser ranks #551 out of 1020 companies for Cash Ratio. This places Elite Advanced Laser in the lower half of its industry. The industry median Cash Ratio is 1.02. Elite Advanced Laser's value of 0.89 is 12.7% below this benchmark. Historically, Elite Advanced Laser's own Cash Ratio has ranged from 0.68 to 1.53 over the past decade. While the company's 10-year median is 1.10 vs. the industry median of 1.02, Elite Advanced Laser has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Semiconductors company?
The median Cash Ratio among Semiconductors companies is 1.02, based on 1,020 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elite Advanced Laser's current Cash Ratio of 0.89 is 12.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Elite Advanced Laser and its competitors. For the Semiconductors industry, the median Cash Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elite Advanced Laser's current Cash Ratio is 0.89, which is 19% below median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elite Advanced Laser stock overvalued right now?
Based on GuruFocus' analysis, Elite Advanced Laser (TPE:3450) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$286.98, compared to a current price of NT$646.00 — trading 125.1% above its estimated fair value. The current Cash Ratio is 0.89, which is 19% below median its 10-year median of 1.10 and 12.7% below the Semiconductors industry median of 1.02. Elite Advanced Laser's overall GF Score™ is 76/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Elite Advanced Laser (TPE:3450), the current Cash Ratio is 0.89 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Elite Advanced Laser (TPE:3450) Overvalued in 2026?
Based on GuruFocus' analysis, Elite Advanced Laser stock appears to be overvalued.
The current stock price of NT$646.00 is trading 125.1% above its estimated GF Value™ of NT$286.98.
GuruFocus considers Elite Advanced Laser to be Significantly Overvalued.
Key valuation signals for TPE:3450:
Cash Ratio: 0.89 (19% below median its 10-year median of 1.10)
GF Value™: NT$286.98 vs. price of NT$646.00 (125.1% above fair value)
Industry Position: 12.7% below the Semiconductors median (#551 of 1020)
No single metric tells the full story. See the TPE:3450 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elite Advanced Laser Corp is engaged in optical information and optical communication products. The reportable segments of the company are the Optoelectronics industry, the Semiconductor segment, and the Silicon Photonics segment. The company generates the majority of its revenue from the Semiconductor segment.
76GF Score
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