Taiwan Mask (TPE:2338) OCF Margin %: 31.66% (As of Mar. 2026) — 117% Above Median


TPE:2338 Taiwan Mask Corp TPE:2338
68 GF Score
Price NT$47.70
GF Value NT$41.36
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Taiwan Mask OCF Margin %?

Taiwan Mask TPE:2338 -0.62% 68 OCF Margin % is 31.66% as of Mar. 2026, which is 117% above its 10-year median of 14.60. 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 1,021 Semiconductors companies, Taiwan Mask ranks better than 94.22% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Taiwan Mask's Cash Flow from Operations for the three months ended in Mar. 2026 was NT$487 Mil. Taiwan Mask's Revenue for the three months ended in Mar. 2026 was NT$1,539 Mil. Therefore, Taiwan Mask's OCF Margin % for the quarter that ended in Mar. 2026 was 31.66%.

As of today, Taiwan Mask's current OCF Yield % is 14.94%.

The historical rank and industry rank for Taiwan Mask's OCF Margin % or its related term are showing as below:

TPE:2338' s OCF Margin % Range Over the Past 10 Years
Min: -20.83   Med: 14.6   Max: 41.93
Current: 39.41


During the past 13 years, the highest OCF Margin % of Taiwan Mask was 41.93%. The lowest was -20.83%. And the median was 14.60%.

TPE:2338's OCF Margin % is ranked better than
94.22% of 1021 companies
in the Semiconductors industry
Industry Median: 9.42 vs TPE:2338: 39.41


Taiwan Mask OCF Margin % Related Terms


Taiwan Mask OCF Margin % Historical Data

* Premium members only.

The historical data trend for Taiwan Mask's OCF 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.

Taiwan Mask OCF Margin % Chart

Taiwan Mask Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -20.83 18.25 10.94 25.17 39.36

Taiwan Mask Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.87 73.17 37.32 11.18 31.66

TPE:2338 vs AMAT, LRCX, KLAC: OCF Margin % Comparison

For the Semiconductor Equipment & Materials subindustry, Taiwan Mask's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Taiwan Mask's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Taiwan Mask's OCF Margin % falls into.


TPE:2338
68GF Score
Taiwan Mask Corp TPE:2338
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Taiwan Mask OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Taiwan Mask's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=2376.513/6038.069
=39.36 %

Taiwan Mask's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=487.084/1538.711
=31.66 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 31.66% mean?
Taiwan Mask (TPE:2338) has a OCF Margin % of 31.66% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Taiwan Mask and its competitors. This is 117% above median its historical median of 14.60. According to the industry distribution chart, Taiwan Mask ranks #59 out of 1021 companies in the Semiconductors industry, placing it in the top 5.8%.
Is Taiwan Mask's OCF Margin % too high?
Taiwan Mask's current OCF Margin % of 31.66% is 117% above median its 10-year median of 14.60. The Semiconductors industry median OCF Margin % is 9.42. Taiwan Mask's value of 31.66% is 236.1% above this industry median. Based on the distribution chart, Taiwan Mask ranks #59 out of 1021 companies in the Semiconductors industry, which is in the top quartile — a strong position 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 OCF Margin % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Taiwan Mask ranks #59 out of 1021 companies for OCF Margin %. This places Taiwan Mask in the top 6% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 9.42. Taiwan Mask's value of 31.66% is 236.1% above this benchmark. While the company's 10-year median is 14.60 vs. the industry median of 9.42, Taiwan Mask has consistently been above 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 OCF Margin % for a Semiconductors company?
The median OCF Margin % among Semiconductors companies is 9.42, based on 1,021 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiwan Mask's current OCF Margin % of 31.66% is 236.1% above 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Taiwan Mask and its competitors. For the Semiconductors industry, the median OCF Margin % is 9.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Mask's current OCF Margin % is 31.66%, which is 117% above median its own 10-year median of 14.60. 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 OCF Margin % is 31.66%, which is 117% above median its 10-year median of 14.60 and 236.1% above the Semiconductors industry median of 9.42. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Taiwan Mask (TPE:2338), the current OCF Margin % is 31.66% 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:

  • OCF Margin %: 31.66% (117% above median its 10-year median of 14.60)
  • GF Value™: NT$41.36 vs. price of NT$47.70 (15.3% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 236.1% above the Semiconductors median (#59 of 1021)

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 Business Description

Address No. 11, Chuangxin 1st Road, Hsinchu Science Park, Hsinchu, TWN
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

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

NT$47.70
Price
NT$41.36
GF Value