Winbond Electronics (TPE:2344) EV-to-OCF: 19.60 (As of Sep. 08, 2026) — 152% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2344 Winbond Electronics Corp TPE:2344
68 GF Score
Price NT$188.00
GF Value NT$58.37
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Winbond Electronics EV-to-OCF?

Winbond Electronics TPE:2344 +4.44% 68 EV-to-OCF is 19.60 as of Sep. 08, 2026, which is 152% above its 10-year median of 7.79. GuruFocus rates TPE:2344 with a GF Score™ of 68/100 and a GF Value™ of NT$58.37 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,038 Semiconductors companies, Winbond Electronics ranks worse than 56.65% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Winbond Electronics's Enterprise Value is NT$862,740 Mil. Winbond Electronics's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was NT$44,025 Mil. Therefore, Winbond Electronics's EV-to-OCF for today is 19.60.

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

TPE:2344' s EV-to-OCF Range Over the Past 10 Years
Min: 2.59   Med: 7.79   Max: 65.36
Current: 18.17

During the past 13 years, the highest EV-to-OCF of Winbond Electronics was 65.36. The lowest was 2.59. And the median was 7.79.

TPE:2344's EV-to-OCF is ranked worse than
56.65% of 1038 companies
in the Semiconductors industry
Industry Median: 13.16 vs TPE:2344: 18.17

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 (2026-09-08), Winbond Electronics's stock price is NT$188.00. Winbond Electronics's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was NT$9.060. Therefore, Winbond Electronics's PE Ratio (TTM) for today is 20.75.


Winbond Electronics  (TPE:2344) 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.

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

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=188.00/9.060
=20.75

Winbond Electronics's share price for today is NT$188.00.
Winbond Electronics'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$9.060.

* 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.


Winbond Electronics EV-to-OCF Related Terms


Winbond Electronics EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Winbond Electronics'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.

Winbond Electronics EV-to-OCF Chart

Winbond Electronics 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 4.56 6.49 45.40 9.60 36.04

Winbond Electronics 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 17.85 23.60 36.04 19.46 21.59

TPE:2344 vs NVDA, AVGO, MU: EV-to-OCF Comparison

For the Semiconductors subindustry, Winbond Electronics'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.


Winbond Electronics EV-to-OCF vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Winbond Electronics's EV-to-OCF distribution charts can be found below:

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


TPE:2344
68GF Score
Winbond Electronics Corp TPE:2344
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Winbond Electronics EV-to-OCF Calculation

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

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=862740.065/44024.738
=19.60

Winbond Electronics's current Enterprise Value is NT$862,740 Mil.
Winbond Electronics'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$44,025 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 19.60 mean?
Winbond Electronics (TPE:2344) has a EV-to-OCF of 19.60 as of Sep. 08, 2026. This is 152% above median its historical median of 7.79. Over the past decade, Winbond Electronics' EV-to-OCF has ranged from 2.59 to 65.36. According to the industry distribution chart, Winbond Electronics ranks #588 out of 1038 companies in the Semiconductors industry, placing it in the top 56.6%.
Is Winbond Electronics' EV-to-OCF too high?
Winbond Electronics' current EV-to-OCF of 19.60 is 152% above median its 10-year median of 7.79. Over the past 10 years, this metric has ranged from a low of 2.59 to a high of 65.36. The Semiconductors industry median EV-to-OCF is 13.16. Winbond Electronics' value of 19.60 is 48.9% above this industry median. Based on the distribution chart, Winbond Electronics ranks #588 out of 1038 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Winbond Electronics has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Winbond Electronics' EV-to-OCF compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Winbond Electronics ranks #588 out of 1038 companies for EV-to-OCF. This places Winbond Electronics in the lower half of its industry. The industry median EV-to-OCF is 13.16. Winbond Electronics' value of 19.60 is 48.9% above this benchmark. Historically, Winbond Electronics' own EV-to-OCF has ranged from 2.59 to 65.36 over the past decade. While the company's 10-year median is 7.79 vs. the industry median of 13.16, Winbond Electronics 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 Semiconductors company?
The median EV-to-OCF among Semiconductors companies is 13.16, based on 1,038 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. Winbond Electronics's current EV-to-OCF of 19.60 is 48.9% 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 Semiconductors industry, the median EV-to-OCF is 13.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winbond Electronics's current EV-to-OCF is 19.60, which is 152% above median its own 10-year median of 7.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winbond Electronics stock overvalued right now?
Based on GuruFocus' analysis, Winbond Electronics (TPE:2344) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$58.37, compared to a current price of NT$188.00 — trading 222.1% above its estimated fair value. The current EV-to-OCF is 19.60, which is 152% above median its 10-year median of 7.79 and 48.9% above the Semiconductors industry median of 13.16. Winbond Electronics' overall GF Score™ is 68/100 with 5 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 Winbond Electronics (TPE:2344), the current EV-to-OCF is 19.60 as of Sep. 08, 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 Winbond Electronics (TPE:2344) Overvalued in 2026?

Based on GuruFocus' analysis, Winbond Electronics stock appears to be overvalued. The current stock price of NT$188.00 is trading 222.1% above its estimated GF Value™ of NT$58.37. GuruFocus considers Winbond Electronics to be Significantly Overvalued.

Key valuation signals for TPE:2344:

  • EV-to-OCF: 19.60 (152% above median its 10-year median of 7.79)
  • GF Value™: NT$58.37 vs. price of NT$188.00 (222.1% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 48.9% above the Semiconductors median (#588 of 1038)

No single metric tells the full story. See the TPE:2344 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Winbond Electronics Business Description

Address No. 8, Keya 1st Road, Daya District, Taichung, TWN
Winbond Electronics Corp is engaged in the design, development, manufacture, and marketing of very large scale integration (VLSI) integrated circuits (ICs) used in a variety of microelectronic applications. In addition, it offers customised memory solutions like Mobile RAM and Specialty DRAM, and core storage flash memory products. The company's operating segments are Customized Memory Solution product, Flash Memory product, and Logic IC product. Maximum revenue is generated from the Flash Memory product segment, which engages mainly in the manufacturing, selling, researching, designing and after-sales service of Flash Memory product. Geographically, the company generates maximum revenue from Asia, followed by America, Europe, and Other regions.
68GF Score

Get the complete analysis for TPE:2344

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

NT$188.00
Price
NT$58.37
GF Value