Taiwan Mask (TPE:2338) EV-to-FCF: 25.90 (As of Sep. 11, 2026)

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TPE:2338 Taiwan Mask Corp TPE:2338
68 GF Score
Price NT$47.75
GF Value NT$34.80
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Taiwan Mask EV-to-FCF?

Taiwan Mask TPE:2338 +4.60% 68 EV-to-FCF is 25.90 as of Sep. 11, 2026. GuruFocus rates TPE:2338 with a GF Score™ of 68/100 and a GF Value™ of NT$34.80 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 509 Semiconductors companies, Taiwan Mask ranks better than 65.23% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Taiwan Mask's Enterprise Value is NT$21,232 Mil. Taiwan Mask's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was NT$820 Mil. Therefore, Taiwan Mask's EV-to-FCF for today is 25.90.

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

TPE:2338' s EV-to-FCF Range Over the Past 10 Years
Min: -220.58   Med: -10.48   Max: 161.77
Current: 25.06

During the past 13 years, the highest EV-to-FCF of Taiwan Mask was 161.77. The lowest was -220.58. And the median was -10.48.

TPE:2338's EV-to-FCF is ranked better than
65.23% of 509 companies
in the Semiconductors industry
Industry Median: 44.47 vs TPE:2338: 25.06

EV-to-FCF 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 (2026-09-11), Taiwan Mask's stock price is NT$47.75. Taiwan Mask's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was NT$-1.275. Therefore, Taiwan Mask's PE Ratio (TTM) for today is At Loss.


Taiwan Mask  (TPE:2338) EV-to-FCF Explanation

EV-to-FCF 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.

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

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=47.75/-1.275
=At Loss

Taiwan Mask's share price for today is NT$47.75.
Taiwan Mask's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-1.275.

* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Taiwan Mask EV-to-FCF Related Terms


Taiwan Mask EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Taiwan Mask's EV-to-FCF 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.

Taiwan Mask EV-to-FCF Chart

Taiwan Mask Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.23 -16.41 -10.56 -167.62 16.87

Taiwan Mask Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-FCF 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 15.92 10.97 16.87 12.38 26.92

TPE:2338 vs LRCX, AMAT, KLAC: EV-to-FCF Comparison

For the Semiconductor Equipment & Materials subindustry, Taiwan Mask's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.


Taiwan Mask EV-to-FCF vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Taiwan Mask's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Taiwan Mask's EV-to-FCF falls into.


TPE:2338
68GF Score
Taiwan Mask Corp TPE:2338
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Mask EV-to-FCF Calculation

Taiwan Mask's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=21231.664/819.63
=25.90

Taiwan Mask's current Enterprise Value is NT$21,232 Mil.
Taiwan Mask's Free Cash Flow 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$820 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-FCF →
What does a EV-to-FCF of 25.90 mean?
Taiwan Mask (TPE:2338) has a EV-to-FCF of 25.90 as of Sep. 11, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Taiwan Mask and its competitors. According to the industry distribution chart, Taiwan Mask ranks #177 out of 509 companies in the Semiconductors industry, placing it in the top 34.8%.
Is Taiwan Mask's EV-to-FCF too high?
Taiwan Mask's current EV-to-FCF is 25.90. The Semiconductors industry median EV-to-FCF is 44.47. Taiwan Mask's value of 25.90 is 41.8% below this industry median. Based on the distribution chart, Taiwan Mask ranks #177 out of 509 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Taiwan Mask has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Mask's EV-to-FCF compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Taiwan Mask ranks #177 out of 509 companies for EV-to-FCF. This puts Taiwan Mask in the upper half of its industry. The industry median EV-to-FCF is 44.47. Taiwan Mask's value of 25.90 is 41.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Semiconductors company?
The median EV-to-FCF among Semiconductors companies is 44.47, based on 509 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiwan Mask's current EV-to-FCF of 25.90 is 41.8% below 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Taiwan Mask and its competitors. For the Semiconductors industry, the median EV-to-FCF is 44.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Mask's current EV-to-FCF is 25.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Mask stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Mask (TPE:2338) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$34.80, compared to a current price of NT$47.75 — trading 37.2% above its estimated fair value. The current EV-to-FCF is 25.90 and 41.8% below the Semiconductors industry median of 44.47. Taiwan Mask's 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Taiwan Mask (TPE:2338), the current EV-to-FCF is 25.90 as of Sep. 11, 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 Taiwan Mask (TPE:2338) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Mask stock appears to be overvalued. The current stock price of NT$47.75 is trading 37.2% above its estimated GF Value™ of NT$34.80. GuruFocus considers Taiwan Mask to be Significantly Overvalued.

Key valuation signals for TPE:2338:

  • EV-to-FCF: 25.90
  • GF Value™: NT$34.80 vs. price of NT$47.75 (37.2% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 41.8% below the Semiconductors median (#177 of 509)

No single metric tells the full story. See the TPE:2338 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Mask Business Description

Address No. 11, Chuangxin 1st Road, Hsinchu Science Park, Hsinchu, TWN
Taiwan Mask Corp manufactures and markets photomasks products for semiconductor production. The company also produces and sells products such as masks and integrated circuits used in semiconductors, and has a diversified sales base. The product segment of the company comprises Photomask and the semiconductor segment. The company generates its revenue from the Photomask and semiconductor segments.
68GF Score

Get the complete analysis for TPE:2338

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

NT$47.75
Price
NT$34.80
GF Value