Taiwan MaskTPE:2338 -0.62%68 Gross Margin % is 17.55% as of Mar. 2026, which is 10% below its 10-year median of 19.51. GuruFocus rates TPE:2338 with a GF Score™ of 68/100 and a GF Value™ of NT$41.36 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,008 Semiconductors companies, Taiwan Mask ranks worse than 85.81% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Taiwan Mask's Gross Profit for the
three
months ended in Mar. 2026 was NT$270 Mil. Taiwan Mask's Revenue for the
three
months ended in Mar. 2026 was NT$1,539 Mil. Therefore, Taiwan Mask's Gross Margin % for the quarter that ended in Mar. 2026 was 17.55%.
Warning Sign:
Taiwan Mask Corp gross margin has been in long-term decline. The average rate of decline per year is -14.3%.
The historical rank and industry rank for Taiwan Mask's Gross Margin % or its related term are showing as below:
TPE:2338'
s Gross Margin % Range Over the Past 10 Years
Min: 4.05 Med: 19.51 Max: 27.11
Current: 9.44
During the past 13 years, the highestGross Margin % of Taiwan Mask was 27.11%. The lowest was 4.05%. And the median was 19.51%.
TPE:2338's Gross Margin % is ranked worse than 85.81% of 1008
companies
in the Semiconductors industry
Industry Median: 29.61
vs TPE:2338: 9.44
Taiwan Mask had a gross margin of 17.55% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Taiwan Mask was -14.30% per year.
Taiwan Mask (TPE:2338) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Taiwan Mask had a gross margin of 17.55% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Taiwan Mask Gross Margin % Related Terms
Taiwan Mask Gross Margin % Historical Data
* Premium members only.
The historical data trend for Taiwan Mask's Gross Margin % 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.
TPE:2338 vs AMAT, LRCX, KLAC: Gross Margin % Comparison
For the Semiconductor Equipment & Materials subindustry, Taiwan Mask's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Taiwan Mask's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Taiwan Mask's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Taiwan Mask (TPE:2338) has a Gross Margin % of 17.55% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Taiwan Mask and its competitors. This is 10% below median its historical median of 19.51. Over the past decade, Taiwan Mask's Gross Margin % has ranged from 4.05 to 27.11. According to the industry distribution chart, Taiwan Mask ranks #865 out of 1008 companies in the Semiconductors industry, placing it in the top 85.8%.
Is Taiwan Mask's Gross Margin % too high?
Taiwan Mask's current Gross Margin % of 17.55% is 10% below median its 10-year median of 19.51. Over the past 10 years, this metric has ranged from a low of 4.05 to a high of 27.11. The Semiconductors industry median Gross Margin % is 29.61. Taiwan Mask's value of 17.55% is 40.7% below this industry median. Based on the distribution chart, Taiwan Mask ranks #865 out of 1008 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Taiwan Mask has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Mask's Gross Margin % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Taiwan Mask ranks #865 out of 1008 companies for Gross Margin %. This places Taiwan Mask in the lower half of its industry. The industry median Gross Margin % is 29.61. Taiwan Mask's value of 17.55% is 40.7% below this benchmark. Historically, Taiwan Mask's own Gross Margin % has ranged from 4.05 to 27.11 over the past decade. While the company's 10-year median is 19.51 vs. the industry median of 29.61, Taiwan Mask has consistently been below 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 Gross Margin % for a Semiconductors company?
The median Gross Margin % among Semiconductors companies is 29.61, based on 1,008 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiwan Mask's current Gross Margin % of 17.55% is 40.7% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Taiwan Mask and its competitors. For the Semiconductors industry, the median Gross Margin % is 29.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Mask's current Gross Margin % is 17.55%, which is 10% below median its own 10-year median of 19.51. 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 Modestly Overvalued. The stock's GF Value™ is NT$41.36, compared to a current price of NT$47.70 — trading 15.3% above its estimated fair value. The current Gross Margin % is 17.55%, which is 10% below median its 10-year median of 19.51 and 40.7% below the Semiconductors industry median of 29.61. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Taiwan Mask (TPE:2338), the current Gross Margin % is 17.55% as of Mar. 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$47.70 is trading 15.3% above its estimated GF Value™ of NT$41.36.
GuruFocus considers Taiwan Mask to be Modestly Overvalued.
Key valuation signals for TPE:2338:
Gross Margin %: 17.55% (10% below median its 10-year median of 19.51)
GF Value™: NT$41.36 vs. price of NT$47.70 (15.3% above fair value)
Industry Position: 40.7% below the Semiconductors median (#865 of 1008)
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 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
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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