Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, United Microelectronics's Enterprise Value is NT$2,061,676 Mil.
United Microelectronics's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was NT$56,876 Mil. Therefore, United Microelectronics's EV-to-EBIT ratio for today is 36.25.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, United Microelectronics's Enterprise Value is NT$2,061,676 Mil.
United Microelectronics's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was NT$117,994 Mil. Therefore, United Microelectronics's EV-to-EBITDA ratio for today is 17.47.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
United Microelectronics (TPE:2303) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
United Microelectronics's current Enterprise Value is NT$2,061,676 Mil.
United Microelectronics's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$56,876 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
United Microelectronics's EV-to-EBITDA for today is:
United Microelectronics's current Enterprise Value is NT$2,061,676 Mil.
United Microelectronics's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$117,994 Mil.
United Microelectronics's current Enterprise Value is NT$2,061,676 Mil.
United Microelectronics's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$240,732 Mil.
United Microelectronics's current Enterprise Value is NT$2,061,676 Mil.
United Microelectronics's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$98,020 Mil.
United Microelectronics's current Enterprise Value is NT$2,061,676 Mil.
United Microelectronics's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$48,560 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.
United Microelectronics Enterprise Value Related Terms
United Microelectronics Enterprise Value 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:2303 vs NVDA, AVGO, MU: Enterprise Value Comparison
For the Semiconductors subindustry, United Microelectronics's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
United Microelectronics Enterprise Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, United Microelectronics's Enterprise Value distribution charts can be found below:
* The bar in red indicates where United Microelectronics's Enterprise Value falls into.
United Microelectronics Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
United Microelectronics's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Enterprise Value of NT$2,061,676 Mil mean?
United Microelectronics (TPE:2303) has a Enterprise Value of NT$2,061,676 Mil as of Jul. 05, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on United Microelectronics and its competitors.
Is United Microelectronics' Enterprise Value too high?
United Microelectronics' current Enterprise Value is NT$2,061,676 Mil. Overall, United Microelectronics has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Microelectronics' Enterprise Value compare to NVDA and AVGO?
United Microelectronics' Enterprise Value of NT$2,061,676 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Semiconductors company?
A good Enterprise Value depends on the Semiconductors industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on United Microelectronics and its competitors. United Microelectronics's current Enterprise Value is NT$2,061,676 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, United Microelectronics (TPE:2303) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$50.94, compared to a current price of NT$170.50 — trading 234.7% above its estimated fair value. The current Enterprise Value is NT$2,061,676 Mil. United Microelectronics' overall GF Score™ is 73/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For United Microelectronics (TPE:2303), the current Enterprise Value is NT$2,061,676 Mil as of Jul. 05, 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 United Microelectronics (TPE:2303) Overvalued in 2026?
Based on GuruFocus' analysis, United Microelectronics stock appears to be overvalued.
The current stock price of NT$170.50 is trading 234.7% above its estimated GF Value™ of NT$50.94.
GuruFocus considers United Microelectronics to be Significantly Overvalued.
Key valuation signals for TPE:2303:
Enterprise Value: NT$2,061,676 Mil
GF Value™: NT$50.94 vs. price of NT$170.50 (234.7% above fair value)
No single metric tells the full story. See the TPE:2303 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with close to 5% market share in 2025 after TSMC and SMIC. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the US, and South Korea. UMC features a diverse customer base that includes Texas Instruments, MediaTek, Intel, Broadcom, Novatek, and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 19,000 people as of February 2025.
73GF Score
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