CMC MagneticsTPE:2323 +2.25%62 Current Ratio is 3.38 as of Dec. 2025, which is 9% below its 10-year median of 3.70. GuruFocus rates TPE:2323 with a GF Score™ of 62/100 and a GF Value™ of NT$10.84 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,495 Hardware companies, CMC Magnetics ranks better than 76.31% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. CMC Magnetics's current ratio for the quarter that ended in Dec. 2025 was 3.38.
CMC Magnetics has a current ratio of 3.38. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for CMC Magnetics's Current Ratio or its related term are showing as below:
TPE:2323'
s Current Ratio Range Over the Past 10 Years
Min: 2.03 Med: 3.7 Max: 4.41
Current: 3.38
During the past 13 years, CMC Magnetics's highest Current Ratio was 4.41. The lowest was 2.03. And the median was 3.70.
TPE:2323's Current Ratio is ranked better than 76.31% of 2495
companies
in the Hardware industry
Industry Median: 1.96
vs TPE:2323: 3.38
CMC Magnetics (TPE:2323) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
CMC Magnetics Current Ratio Related Terms
CMC Magnetics Current Ratio Historical Data
* Premium members only.
The historical data trend for CMC Magnetics's Current 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:2323 vs SNDK, DELL, STX: Current Ratio Comparison
For the Computer Hardware subindustry, CMC Magnetics's Current Ratio, along with its competitors' market caps and Current 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.
CMC Magnetics Current Ratio vs Hardware Industry
For the Hardware industry and Technology sector, CMC Magnetics's Current Ratio distribution charts can be found below:
* The bar in red indicates where CMC Magnetics's Current 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.
CMC Magnetics (TPE:2323) has a Current Ratio of 3.38 as of Dec. 2025. This is near median its historical median of 3.70. Over the past decade, CMC Magnetics' Current Ratio has ranged from 2.03 to 4.41. According to the industry distribution chart, CMC Magnetics ranks #591 out of 2495 companies in the Hardware industry, placing it in the top 23.7%.
Is CMC Magnetics' Current Ratio too high?
CMC Magnetics' current Current Ratio of 3.38 is near median its 10-year median of 3.70. Over the past 10 years, this metric has ranged from a low of 2.03 to a high of 4.41. The Hardware industry median Current Ratio is 1.96. CMC Magnetics' value of 3.38 is 72.4% above this industry median. Based on the distribution chart, CMC Magnetics ranks #591 out of 2495 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, CMC Magnetics has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CMC Magnetics' Current Ratio compare to SNDK and DELL?
According to the Hardware industry distribution chart, CMC Magnetics ranks #591 out of 2495 companies for Current Ratio. This places CMC Magnetics in the top 24% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.96. CMC Magnetics' value of 3.38 is 72.4% above this benchmark. Historically, CMC Magnetics' own Current Ratio has ranged from 2.03 to 4.41 over the past decade. While the company's 10-year median is 3.70 vs. the industry median of 1.96, CMC Magnetics has consistently been above 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 Current Ratio for a Hardware company?
The median Current Ratio among Hardware companies is 1.96, based on 2,495 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CMC Magnetics's current Current Ratio of 3.38 is 72.4% above 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median Current Ratio is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMC Magnetics's current Current Ratio is 3.38, which is near median its own 10-year median of 3.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMC Magnetics stock overvalued right now?
Based on GuruFocus' analysis, CMC Magnetics (TPE:2323) is currently considered Fairly Valued. The stock's GF Value™ is NT$10.84, compared to a current price of NT$11.35 — trading 4.7% above its estimated fair value. The current Current Ratio is 3.38, which is near median its 10-year median of 3.70 and 72.4% above the Hardware industry median of 1.96. CMC Magnetics' overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For CMC Magnetics (TPE:2323), the current Current Ratio is 3.38 as of Dec. 2025. 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 CMC Magnetics (TPE:2323) Overvalued in 2026?
Based on GuruFocus' analysis, CMC Magnetics stock appears to be overvalued.
The current stock price of NT$11.35 is trading 4.7% above its estimated GF Value™ of NT$10.84.
GuruFocus considers CMC Magnetics to be Fairly Valued.
Key valuation signals for TPE:2323:
Current Ratio: 3.38 (near median its 10-year median of 3.70)
GF Value™: NT$10.84 vs. price of NT$11.35 (4.7% above fair value)
Industry Position: 72.4% above the Hardware median (#591 of 2495)
No single metric tells the full story. See the TPE:2323 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMC Magnetics Corp is mainly engaged in the manufacturing and sale of consumer electronic products, including optical discs, as well as the acquisition of film agency rights and the production and distribution of digital discs and Blu-ray discs for sales. Its products include M-disc, CMC Pro, HP CD, and data storage products. Its segments are: the Storage Media segment, which generates the maximum revenue and is engaged in the manufacturing and sale of consumer electronic products, including optical discs; the Other Optoelectronic segment, which manufactures and sells panels; the Investment segment, which invests in various businesses; and the Other Segment. Europe generates the maximum revenue for the Group.
62GF Score
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