Test ResearchTPE:3030 +7.94%92 Current Ratio is 3.45 as of Dec. 2025, which is 12% below its 10-year median of 3.92. GuruFocus rates TPE:3030 with a GF Score™ of 92/100 and a GF Value™ of NT$176.16 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,496 Hardware companies, Test Research ranks better than 76.96% 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. Test Research's current ratio for the quarter that ended in Dec. 2025 was 3.45.
Test Research has a current ratio of 3.45. 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 Test Research's Current Ratio or its related term are showing as below:
TPE:3030'
s Current Ratio Range Over the Past 10 Years
Min: 3.44 Med: 3.92 Max: 6.59
Current: 3.45
During the past 13 years, Test Research's highest Current Ratio was 6.59. The lowest was 3.44. And the median was 3.92.
TPE:3030's Current Ratio is ranked better than 76.96% of 2496
companies
in the Hardware industry
Industry Median: 1.96
vs TPE:3030: 3.45
Test Research (TPE:3030) 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.
Test Research Current Ratio Related Terms
Test Research Current Ratio Historical Data
* Premium members only.
The historical data trend for Test Research'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:3030 vs COHR, KEYS, GRMN: Current Ratio Comparison
For the Scientific & Technical Instruments subindustry, Test Research'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.
Test Research Current Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Test Research's Current Ratio distribution charts can be found below:
* The bar in red indicates where Test Research'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.
Test Research (TPE:3030) has a Current Ratio of 3.45 as of Dec. 2025. This is 12% below median its historical median of 3.92. Over the past decade, Test Research's Current Ratio has ranged from 3.44 to 6.59. According to the industry distribution chart, Test Research ranks #575 out of 2496 companies in the Hardware industry, placing it in the top 23%.
Is Test Research's Current Ratio too high?
Test Research's current Current Ratio of 3.45 is 12% below median its 10-year median of 3.92. Over the past 10 years, this metric has ranged from a low of 3.44 to a high of 6.59. The Hardware industry median Current Ratio is 1.96. Test Research's value of 3.45 is 76% above this industry median. Based on the distribution chart, Test Research ranks #575 out of 2496 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Test Research has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Test Research's Current Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Test Research ranks #575 out of 2496 companies for Current Ratio. This places Test Research in the top 23% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.96. Test Research's value of 3.45 is 76% above this benchmark. Historically, Test Research's own Current Ratio has ranged from 3.44 to 6.59 over the past decade. While the company's 10-year median is 3.92 vs. the industry median of 1.96, Test Research 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 2,496 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. Test Research's current Current Ratio of 3.45 is 76% 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. Test Research's current Current Ratio is 3.45, which is 12% below median its own 10-year median of 3.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Test Research stock overvalued right now?
Based on GuruFocus' analysis, Test Research (TPE:3030) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$176.16, compared to a current price of NT$353.50 — trading 100.7% above its estimated fair value. The current Current Ratio is 3.45, which is 12% below median its 10-year median of 3.92 and 76% above the Hardware industry median of 1.96. Test Research's overall GF Score™ is 92/100 with 1 warning sign 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 Test Research (TPE:3030), the current Current Ratio is 3.45 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 Test Research (TPE:3030) Overvalued in 2026?
Based on GuruFocus' analysis, Test Research stock appears to be overvalued.
The current stock price of NT$353.50 is trading 100.7% above its estimated GF Value™ of NT$176.16.
GuruFocus considers Test Research to be Significantly Overvalued.
Key valuation signals for TPE:3030:
Current Ratio: 3.45 (12% below median its 10-year median of 3.92)
GF Value™: NT$176.16 vs. price of NT$353.50 (100.7% above fair value)
Industry Position: 76% above the Hardware median (#575 of 2496)
No single metric tells the full story. See the TPE:3030 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Test Research Inc designs testing equipment for industrial applications. The firm focuses on designing, assembling, manufacturing, selling, repairing, and maintaining automated inspection and testing equipment. The firm receives a majority of its revenue from Asia and the rest from America, Europe, and other regions.
92GF Score
Get the complete analysis for TPE:3030
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:3030 has been successfully added to your 
