United Microelectronics (TPE:2303) Moat Score: 6/10 (As of Jul. 09, 2026)


TPE:2303 United Microelectronics Corp TPE:2303
73 GF Score
Price NT$163.00
GF Value NT$51.04
Valuation Significantly Overvalued
! 9 Warning Signs
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What is United Microelectronics Moat Score?

United Microelectronics TPE:2303 +5.16% 73 Moat Score is 6 as of Jul. 09, 2026. GuruFocus rates TPE:2303 with a GF Score™ of 73/100 and a GF Value™ of NT$51.04 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 998 Semiconductors companies, United Microelectronics ranks better than 96.99% on this metric.

United Microelectronics has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

United Microelectronics has Narrow Moat: United Microelectronics Corp has strong economies of scale and valuable intellectual property in semiconductor manufacturing. While it has a solid market position, intense competition prevents it from achieving a wide moat.

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 United Microelectronics might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

United Microelectronics  (TPE:2303) 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

United Microelectronics Moat Score Related Terms

TPE:2303 vs NVDA, AVGO, MU: Moat Score Comparison

For the Semiconductors subindustry, United Microelectronics's Moat Score, along with its competitors' market caps and Moat Score 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.

United Microelectronics Moat Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, United Microelectronics's Moat Score distribution charts can be found below:

* The bar in red indicates where United Microelectronics's Moat Score falls into.


TPE:2303
73GF Score
United Microelectronics Corp TPE:2303
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
United Microelectronics (TPE:2303) has a Moat Score of 6 as of Jul. 09, 2026. 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. According to the industry distribution chart, United Microelectronics ranks #30 out of 998 companies in the Semiconductors industry, placing it in the top 3%.
Is United Microelectronics' Moat Score too high?
United Microelectronics' current Moat Score is 6. Based on the distribution chart, United Microelectronics ranks #30 out of 998 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, United Microelectronics has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Microelectronics' Moat Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, United Microelectronics ranks #30 out of 998 companies for Moat Score. This places United Microelectronics in the top 3% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Semiconductors company?
A good Moat Score depends on the Semiconductors industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. 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. United Microelectronics's current Moat Score is 6. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, United Microelectronics (TPE:2303) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$51.04, compared to a current price of NT$163.00 — trading 219.4% above its estimated fair value. The current Moat Score is 6. United Microelectronics' overall GF Score™ is 73/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For United Microelectronics (TPE:2303), the current Moat Score is 6 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 United Microelectronics (TPE:2303) Overvalued in 2026?

Based on GuruFocus' analysis, United Microelectronics stock appears to be overvalued. The current stock price of NT$163.00 is trading 219.4% above its estimated GF Value™ of NT$51.04. GuruFocus considers United Microelectronics to be Significantly Overvalued.

Key valuation signals for TPE:2303:

  • Moat Score: 6
  • GF Value™: NT$51.04 vs. price of NT$163.00 (219.4% above fair value)
  • GF Score™: 73/100 with 9 warning signs

No single metric tells the full story. See the TPE:2303 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

United Microelectronics Business Description

Address No. 3, Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, TWN
Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with close to 5% market share in 2025 after TSMC and SMIC. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the US, and South Korea. UMC features a diverse customer base that includes Texas Instruments, MediaTek, Intel, Broadcom, Novatek, and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 19,000 people as of February 2025.
73GF Score

Get the complete analysis for TPE:2303

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

NT$163.00
Price
NT$51.04
GF Value