TSRC (TPE:2103) Moat Score: 0/10 (As of Jul. 12, 2026)


TPE:2103 TSRC Corp TPE:2103
66 GF Score
Price NT$23.05
GF Value NT$26.59
Valuation Modestly Undervalued
! 11 Warning Signs
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What is TSRC Moat Score?

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

TSRC 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 TSRC might have No Moat - No discernible moat.

TSRC  (TPE:2103) 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

TSRC Moat Score Related Terms

TPE:2103
66GF Score
TSRC Corp TPE:2103
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Is TSRC (TPE:2103) Overvalued in 2026?

Based on GuruFocus' analysis, TSRC stock appears to be undervalued. The current stock price of NT$23.05 is trading 13.3% below its estimated GF Value™ of NT$26.59. GuruFocus considers TSRC to be Modestly Undervalued.

Key valuation signals for TPE:2103:

  • Moat Score: 0
  • GF Value™: NT$26.59 vs. price of NT$23.05 (13.3% below fair value)
  • GF Score™: 66/100 with 11 warning signs

No single metric tells the full story. See the TPE:2103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TSRC Business Description

Address No. 2, Singgong Road, Dashe District, Kaohsiung, TWN
TSRC Corporation is a rubber manufacturer based out of Taiwan. The company offers tire products globally, with Asian markets accounting for the majority of the company's sales. Product offerings are divided into the Synthetic Rubber business and Applied polymer business. Under the Synthetic Rubber business, tires are built to improve abrasion resistance and provide low rolling resistance and wet grip resistance. Consumers of TSRC Corp tire products depend on products to deliver reduced fuel consumption and meet a host of regulations and environmental conditions. Products under the Applied Polymers business are often used in high-grade shoe soles, asphalt modification, plastic modification, adhesives, and other end markets. Its geographical segments are Asia, America, Europe, and Others.
66GF Score

Get the complete analysis for TPE:2103

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

NT$23.05
Price
NT$26.59
GF Value