TSRC (TPE:2103) EV-to-OCF: 42.19 (As of Aug. 24, 2026) — 229% Above Median

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TPE:2103 TSRC Corp TPE:2103
65 GF Score
Price NT$28.40
GF Value NT$23.47
Valuation Modestly Overvalued
! 10 Warning Signs
View Full Analysis

What is TSRC EV-to-OCF?

TSRC TPE:2103 +1.97% 65 EV-to-OCF is 42.19 as of Aug. 24, 2026, which is 229% above its 10-year median of 12.83. GuruFocus rates TPE:2103 with a GF Score™ of 65/100 and a GF Value™ of NT$23.47 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 1,610 Chemicals companies, TSRC ranks worse than 84.72% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, TSRC's Enterprise Value is NT$32,762 Mil. TSRC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was NT$777 Mil. Therefore, TSRC's EV-to-OCF for today is 42.19.

The historical rank and industry rank for TSRC's EV-to-OCF or its related term are showing as below:

TPE:2103' s EV-to-OCF Range Over the Past 10 Years
Min: -82.01   Med: 12.83   Max: 61.41
Current: 42.19

During the past 13 years, the highest EV-to-OCF of TSRC was 61.41. The lowest was -82.01. And the median was 12.83.

TPE:2103's EV-to-OCF is ranked worse than
84.72% of 1610 companies
in the Chemicals industry
Industry Median: 10.98 vs TPE:2103: 42.19

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-08-24), TSRC's stock price is NT$28.40. TSRC's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was NT$2.470. Therefore, TSRC's PE Ratio (TTM) for today is 11.50.


TSRC  (TPE:2103) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

TSRC's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=28.40/2.470
=11.50

TSRC's share price for today is NT$28.40.
TSRC's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$2.470.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


TSRC EV-to-OCF Related Terms


TSRC EV-to-OCF Historical Data

* Premium members only.

The historical data trend for TSRC's EV-to-OCF 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.

TSRC EV-to-OCF Chart

TSRC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.28 12.50 9.48 32.16 11.88

TSRC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-OCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.54 8.34 11.88 9.00 34.00

TPE:2103 vs LIN, SHW, ECL: EV-to-OCF Comparison

For the Specialty Chemicals subindustry, TSRC's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.


TSRC EV-to-OCF vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, TSRC's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where TSRC's EV-to-OCF falls into.


TPE:2103
65GF Score
TSRC Corp TPE:2103
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TSRC EV-to-OCF Calculation

TSRC's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=32762.040/776.534
=42.19

TSRC's current Enterprise Value is NT$32,762 Mil.
TSRC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$777 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of 42.19 mean?
TSRC (TPE:2103) has a EV-to-OCF of 42.19 as of Aug. 24, 2026. This is 229% above median its historical median of 12.83. According to the industry distribution chart, TSRC ranks #1364 out of 1610 companies in the Chemicals industry, placing it in the top 84.7%.
Is TSRC's EV-to-OCF too high?
TSRC's current EV-to-OCF of 42.19 is 229% above median its 10-year median of 12.83. The Chemicals industry median EV-to-OCF is 10.98. TSRC's value of 42.19 is 284.2% above this industry median. Based on the distribution chart, TSRC ranks #1364 out of 1610 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, TSRC has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TSRC's EV-to-OCF compare to LIN and SHW?
According to the Chemicals industry distribution chart, TSRC ranks #1364 out of 1610 companies for EV-to-OCF. This places TSRC in the lower half of its industry. The industry median EV-to-OCF is 10.98. TSRC's value of 42.19 is 284.2% above this benchmark. While the company's 10-year median is 12.83 vs. the industry median of 10.98, TSRC 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 EV-to-OCF for a Chemicals company?
The median EV-to-OCF among Chemicals companies is 10.98, based on 1,610 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TSRC's current EV-to-OCF of 42.19 is 284.2% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Chemicals industry, the median EV-to-OCF is 10.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSRC's current EV-to-OCF is 42.19, which is 229% above median its own 10-year median of 12.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSRC stock overvalued right now?
Based on GuruFocus' analysis, TSRC (TPE:2103) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$23.47, compared to a current price of NT$28.40 — trading 21% above its estimated fair value. The current EV-to-OCF is 42.19, which is 229% above median its 10-year median of 12.83 and 284.2% above the Chemicals industry median of 10.98. TSRC's overall GF Score™ is 65/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For TSRC (TPE:2103), the current EV-to-OCF is 42.19 as of Aug. 24, 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 TSRC (TPE:2103) Overvalued in 2026?

Based on GuruFocus' analysis, TSRC stock appears to be overvalued. The current stock price of NT$28.40 is trading 21% above its estimated GF Value™ of NT$23.47. GuruFocus considers TSRC to be Modestly Overvalued.

Key valuation signals for TPE:2103:

  • EV-to-OCF: 42.19 (229% above median its 10-year median of 12.83)
  • GF Value™: NT$23.47 vs. price of NT$28.40 (21% above fair value)
  • GF Score™: 65/100 with 10 warning signs
  • Industry Position: 284.2% above the Chemicals median (#1364 of 1610)

No single metric tells the full story. See the TPE:2103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TSRC Business Description

Address No. 2, Singgong Road, Dashe District, Kaohsiung, TWN
TSRC Corporation is a rubber manufacturer based out of Taiwan. The company offers tire products globally, with Asian markets accounting for the majority of the company's sales. Product offerings are divided into the Synthetic Rubber business and Applied polymer business. Under the Synthetic Rubber business, tires are built to improve abrasion resistance and provide low rolling resistance and wet grip resistance. Consumers of TSRC Corp tire products depend on products to deliver reduced fuel consumption and meet a host of regulations and environmental conditions. Products under the Applied Polymers business are often used in high-grade shoe soles, asphalt modification, plastic modification, adhesives, and other end markets. Its geographical segments are Asia, America, Europe, and Others.
65GF Score

Get the complete analysis for TPE:2103

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$28.40
Price
NT$23.47
GF Value