Mayer Steel PipeTPE:2020 -1.15%75 Quick Ratio is 0.46 as of Dec. 2025, which is 39% below its 10-year median of 0.75. GuruFocus rates TPE:2020 with a GF Score™ of 75/100 and a GF Value™ of NT$20.99 (Fairly Valued). The stock has 5 warning signs investors should review. Among 636 Steel companies, Mayer Steel Pipe ranks worse than 83.81% on this metric.
Mayer Steel Pipe has a quick ratio of 0.46. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Mayer Steel Pipe's Quick Ratio or its related term are showing as below:
TPE:2020'
s Quick Ratio Range Over the Past 10 Years
Min: 0.46 Med: 0.75 Max: 0.88
Current: 0.46
During the past 13 years, Mayer Steel Pipe's highest Quick Ratio was 0.88. The lowest was 0.46. And the median was 0.75.
TPE:2020's Quick Ratio is ranked worse than 83.81% of 636
companies
in the Steel industry
Industry Median: 1.02
vs TPE:2020: 0.46
Mayer Steel Pipe (TPE:2020) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Mayer Steel Pipe Quick Ratio Related Terms
Mayer Steel Pipe Quick Ratio Historical Data
* Premium members only.
The historical data trend for Mayer Steel Pipe's Quick Ratio 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.
For the Steel subindustry, Mayer Steel Pipe's Quick Ratio, along with its competitors' market caps and Quick Ratio 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.
Mayer Steel Pipe Quick Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Mayer Steel Pipe's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Mayer Steel Pipe's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Mayer Steel Pipe's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Mayer Steel Pipe (TPE:2020) has a Quick Ratio of 0.46 as of Dec. 2025. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Mayer Steel Pipe and its competitors. This is 39% below median its historical median of 0.75. Over the past decade, Mayer Steel Pipe's Quick Ratio has ranged from 0.46 to 0.88. According to the industry distribution chart, Mayer Steel Pipe ranks #533 out of 636 companies in the Steel industry, placing it in the top 83.8%.
Is Mayer Steel Pipe's Quick Ratio too high?
Mayer Steel Pipe's current Quick Ratio of 0.46 is 39% below median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.88. The Steel industry median Quick Ratio is 1.02. Mayer Steel Pipe's value of 0.46 is 54.9% below this industry median. Based on the distribution chart, Mayer Steel Pipe ranks #533 out of 636 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Mayer Steel Pipe has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mayer Steel Pipe's Quick Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Mayer Steel Pipe ranks #533 out of 636 companies for Quick Ratio. This places Mayer Steel Pipe in the lower half of its industry. The industry median Quick Ratio is 1.02. Mayer Steel Pipe's value of 0.46 is 54.9% below this benchmark. Historically, Mayer Steel Pipe's own Quick Ratio has ranged from 0.46 to 0.88 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 1.02, Mayer Steel Pipe has consistently been below 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 Quick Ratio for a Steel company?
The median Quick Ratio among Steel companies is 1.02, based on 636 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mayer Steel Pipe's current Quick Ratio of 0.46 is 54.9% below 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Mayer Steel Pipe and its competitors. For the Steel industry, the median Quick Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayer Steel Pipe's current Quick Ratio is 0.46, which is 39% below median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayer Steel Pipe stock overvalued right now?
Based on GuruFocus' analysis, Mayer Steel Pipe (TPE:2020) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.99, compared to a current price of NT$21.45 — trading 2.2% above its estimated fair value. The current Quick Ratio is 0.46, which is 39% below median its 10-year median of 0.75 and 54.9% below the Steel industry median of 1.02. Mayer Steel Pipe's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Mayer Steel Pipe (TPE:2020), the current Quick Ratio is 0.46 as of Dec. 2025. 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 Mayer Steel Pipe (TPE:2020) Overvalued in 2026?
Based on GuruFocus' analysis, Mayer Steel Pipe stock appears to be overvalued.
The current stock price of NT$21.45 is trading 2.2% above its estimated GF Value™ of NT$20.99.
GuruFocus considers Mayer Steel Pipe to be Fairly Valued.
Key valuation signals for TPE:2020:
Quick Ratio: 0.46 (39% below median its 10-year median of 0.75)
GF Value™: NT$20.99 vs. price of NT$21.45 (2.2% above fair value)
Industry Position: 54.9% below the Steel median (#533 of 636)
No single metric tells the full story. See the TPE:2020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayer Steel Pipe Corp operates as a steel pipe manufacturer in Taiwan. The primary business of the company and its entities is engaged in the production and sales of black steel pipes, galvanized steel pipes and stainless-steel coils for pipes. The company's reportable segments are the Steel Segment, Real Estate Investment Segment, Investment Segment, and Hotel Services Segment. The majority of revenue is derived from the Steel department, which focuses on the production and sales of black steel pipes, zinc-coated steel pipes, and stainless-steel coils for Pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.
75GF Score
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