Ve Wong (TPE:1203) Moat Score: 0/10 (As of Aug. 25, 2026)

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:1203 Ve Wong Corp TPE:1203
77 GF Score
Price NT$44.40
GF Value NT$36.69
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Ve Wong Moat Score?

Ve Wong has the Moat Score of 0, which implies that the company might have No Moat - No discernible moat.

Ve Wong has

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Ve Wong might have No Moat - No discernible moat.

Ve Wong  (TPE:1203) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Ve Wong Moat Score Related Terms

TPE:1203
77GF Score
Ve Wong Corp TPE:1203
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Is Ve Wong (TPE:1203) Overvalued in 2026?

Based on GuruFocus' analysis, Ve Wong stock appears to be overvalued. The current stock price of NT$44.40 is trading 21% above its estimated GF Value™ of NT$36.69. GuruFocus considers Ve Wong to be Modestly Overvalued.

Key valuation signals for TPE:1203:

  • Moat Score: 0
  • GF Value™: NT$36.69 vs. price of NT$44.40 (21% above fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the TPE:1203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ve Wong Business Description

Address No. 79, Section 2, Zhongshan North Road, 6th Floor, Taipei, TWN
Ve Wong Corp manufactures and distributes food products. The company is engaged in the production and sales of monosodium glutamate, soy sauce, instant noodles, canned food, and beverages, as well as residential and building development, leasing and sales, industrial plant development, leasing and sales, investment and construction of public construction, and import of foreign tobacco, alcohol, and beverages. The operating segments of the company are; the Condiment business, Fast food business, and others. The majority of its revenue is generated from the Condiment business.
77GF Score

Get the complete analysis for TPE:1203

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

NT$44.40
Price
NT$36.69
GF Value