Novatek MicroelectronicsTPE:3034 +0.56%92 Current Ratio is 3.70 as of Dec. 2025, which is 26% above its 10-year median of 2.94. GuruFocus rates TPE:3034 with a GF Score™ of 92/100 and a GF Value™ of NT$486.34 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,028 Semiconductors companies, Novatek Microelectronics ranks better than 69.36% 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. Novatek Microelectronics's current ratio for the quarter that ended in Dec. 2025 was 3.70.
Novatek Microelectronics has a current ratio of 3.70. 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 Novatek Microelectronics's Current Ratio or its related term are showing as below:
TPE:3034'
s Current Ratio Range Over the Past 10 Years
Min: 2.42 Med: 2.94 Max: 3.7
Current: 3.7
During the past 13 years, Novatek Microelectronics's highest Current Ratio was 3.70. The lowest was 2.42. And the median was 2.94.
TPE:3034's Current Ratio is ranked better than 69.36% of 1028
companies
in the Semiconductors industry
Industry Median: 2.48
vs TPE:3034: 3.70
Novatek Microelectronics (TPE:3034) 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.
Novatek Microelectronics Current Ratio Related Terms
Novatek Microelectronics Current Ratio Historical Data
* 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:3034 vs NVDA, AVGO, MU: Current Ratio Comparison
For the Semiconductors subindustry, Novatek Microelectronics'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.
Novatek Microelectronics Current Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Novatek Microelectronics's Current Ratio distribution charts can be found below:
* The bar in red indicates where Novatek Microelectronics'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.
Novatek Microelectronics (TPE:3034) has a Current Ratio of 3.70 as of Dec. 2025. This is 26% above median its historical median of 2.94. Over the past decade, Novatek Microelectronics' Current Ratio has ranged from 2.42 to 3.70. According to the industry distribution chart, Novatek Microelectronics ranks #315 out of 1028 companies in the Semiconductors industry, placing it in the top 30.6%.
Is Novatek Microelectronics' Current Ratio too high?
Novatek Microelectronics' current Current Ratio of 3.70 is 26% above median its 10-year median of 2.94. Over the past 10 years, this metric has ranged from a low of 2.42 to a high of 3.70. The Semiconductors industry median Current Ratio is 2.48. Novatek Microelectronics' value of 3.70 is 49.2% above this industry median. Based on the distribution chart, Novatek Microelectronics ranks #315 out of 1028 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Novatek Microelectronics has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Novatek Microelectronics' Current Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Novatek Microelectronics ranks #315 out of 1028 companies for Current Ratio. This puts Novatek Microelectronics in the upper half of its industry. The industry median Current Ratio is 2.48. Novatek Microelectronics' value of 3.70 is 49.2% above this benchmark. Historically, Novatek Microelectronics' own Current Ratio has ranged from 2.42 to 3.70 over the past decade. While the company's 10-year median is 2.94 vs. the industry median of 2.48, Novatek Microelectronics 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 Semiconductors company?
The median Current Ratio among Semiconductors companies is 2.48, based on 1,028 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. Novatek Microelectronics's current Current Ratio of 3.70 is 49.2% 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 Semiconductors industry, the median Current Ratio is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novatek Microelectronics's current Current Ratio is 3.70, which is 26% above median its own 10-year median of 2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novatek Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, Novatek Microelectronics (TPE:3034) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$486.34, compared to a current price of NT$538.00 — trading 10.6% above its estimated fair value. The current Current Ratio is 3.70, which is 26% above median its 10-year median of 2.94 and 49.2% above the Semiconductors industry median of 2.48. Novatek Microelectronics' overall GF Score™ is 92/100 with 8 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 Novatek Microelectronics (TPE:3034), the current Current Ratio is 3.70 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 Novatek Microelectronics (TPE:3034) Overvalued in 2026?
Based on GuruFocus' analysis, Novatek Microelectronics stock appears to be overvalued.
The current stock price of NT$538.00 is trading 10.6% above its estimated GF Value™ of NT$486.34.
GuruFocus considers Novatek Microelectronics to be Modestly Overvalued.
Key valuation signals for TPE:3034:
Current Ratio: 3.70 (26% above median its 10-year median of 2.94)
GF Value™: NT$486.34 vs. price of NT$538.00 (10.6% above fair value)
Industry Position: 49.2% above the Semiconductors median (#315 of 1028)
No single metric tells the full story. See the TPE:3034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Novatek Microelectronics Corp is mainly engaged in researching, developing, manufacturing and sales of integrated circuit chips speech, communication, computer peripheral, LCD driver IC system, embedded MCU, DSP and system. Its products include Large-sized driver IC, Medium-sized driver IC, and Small-sized driver IC. The revenue of the company comes from flat panel display and integrated circuit design products.
92GF Score
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