Hai Kwang EnterpriseTPE:2038 -0.38%66 Median PS Value is NT$14.31 as of Jul. 09, 2026, which is 100% below its 10-year median of 1.97. GuruFocus rates TPE:2038 with a GF Score™ of 66/100 and a GF Value™ of NT$15.11 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 416 Steel companies, Hai Kwang Enterprise ranks better than 59.37% on this metric.
This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for Hai Kwang Enterprise's Median PS Value or its related term are showing as below:
TPE:2038'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.92 Med: 1.97 Max: 3.73
Current: 0.92
During the past 13 years, the highest Price to Median PS Value of Hai Kwang Enterprise was 3.73. The lowest was 0.92. And the median was 1.97.
TPE:2038's Price-to-Median-PS-Value is ranked better than 59.37% of 416
companies
in the Steel industry
Industry Median: 1.055
vs TPE:2038: 0.92
Hai Kwang Enterprise (TPE:2038) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Hai Kwang Enterprise's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
13.20
/
14.31
=
0.92
* 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.
Hai Kwang Enterprise Median PS Value Related Terms
Hai Kwang Enterprise Median PS Value Historical Data
* Premium members only.
The historical data trend for Hai Kwang Enterprise's Median PS Value 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:2038 vs NUE, STLD, RS: Median PS Value Comparison
For the Steel subindustry, Hai Kwang Enterprise's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-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.
Hai Kwang Enterprise Price-to-Median-PS-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Hai Kwang Enterprise's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Hai Kwang Enterprise's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 0.314.
Hai Kwang Enterprise's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$45.578.
* 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.
Hai Kwang Enterprise (TPE:2038) has a Median PS Value of NT$14.31 as of Jul. 09, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Hai Kwang Enterprise and its competitors. This is 626% above median its historical median of 1.97. Over the past decade, Hai Kwang Enterprise's Median PS Value has ranged from 0.92 to 3.73. According to the industry distribution chart, Hai Kwang Enterprise ranks #169 out of 416 companies in the Steel industry, placing it in the top 40.6%.
Is Hai Kwang Enterprise's Median PS Value too high?
Hai Kwang Enterprise's current Median PS Value of NT$14.31 is 626% above median its 10-year median of 1.97. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 3.73. Based on the distribution chart, Hai Kwang Enterprise ranks #169 out of 416 companies in the Steel industry, which is above the industry midpoint. Overall, Hai Kwang Enterprise has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hai Kwang Enterprise's Median PS Value compare to NUE and STLD?
According to the Steel industry distribution chart, Hai Kwang Enterprise ranks #169 out of 416 companies for Median PS Value. This puts Hai Kwang Enterprise in the upper half of its industry. The industry median Median PS Value is 1.06. Historically, Hai Kwang Enterprise's own Median PS Value has ranged from 0.92 to 3.73 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for a Steel company?
The median Median PS Value among Steel companies is 1.06, based on 416 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS 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 Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Hai Kwang Enterprise and its competitors. For the Steel industry, the median Median PS Value is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hai Kwang Enterprise's current Median PS Value is NT$14.31, which is 626% above median its own 10-year median of 1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hai Kwang Enterprise stock overvalued right now?
Based on GuruFocus' analysis, Hai Kwang Enterprise (TPE:2038) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.11, compared to a current price of NT$13.20 — trading 12.6% below its estimated fair value. The current Median PS Value is NT$14.31, which is 626% above median its 10-year median of 1.97. Hai Kwang Enterprise's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For Hai Kwang Enterprise (TPE:2038), the current Median PS Value is NT$14.31 as of Jul. 09, 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 Hai Kwang Enterprise (TPE:2038) Overvalued in 2026?
Based on GuruFocus' analysis, Hai Kwang Enterprise stock appears to be undervalued.
The current stock price of NT$13.20 is trading 12.6% below its estimated GF Value™ of NT$15.11.
GuruFocus considers Hai Kwang Enterprise to be Modestly Undervalued.
Key valuation signals for TPE:2038:
Median PS Value: NT$14.31 (626% above median its 10-year median of 1.97)
GF Value™: NT$15.11 vs. price of NT$13.20 (12.6% below fair value)
No single metric tells the full story. See the TPE:2038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hai Kwang Enterprise Corp is engaged in the manufacture, processing, sale, and trade of billets and reinforcing steel bars. The Company also engages in real estate rental and leasing. It operates through Hai Kwang Enterprise Co., Ltd and Zheng Tung (formerly E Chang), with Hai Kwang Enterprise Co., Ltd generating maximum revenue. The main operating location of the Company and its subsidiaries is Taiwan.
66GF Score
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