United MicroelectronicsTPE:2303 +0.30%73 Quick Ratio is 2.23 as of Mar. 2026, which is 15% above its 10-year median of 1.94. GuruFocus rates TPE:2303 with a GF Score™ of 73/100 and a GF Value™ of NT$50.88 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,028 Semiconductors companies, United Microelectronics ranks better than 58.46% on this metric.
United Microelectronics has a quick ratio of 2.23. It generally indicates good short-term financial strength.
The historical rank and industry rank for United Microelectronics's Quick Ratio or its related term are showing as below:
TPE:2303'
s Quick Ratio Range Over the Past 10 Years
Min: 1.07 Med: 1.94 Max: 2.46
Current: 2.23
During the past 13 years, United Microelectronics's highest Quick Ratio was 2.46. The lowest was 1.07. And the median was 1.94.
TPE:2303's Quick Ratio is ranked better than 58.46% of 1028
companies
in the Semiconductors industry
Industry Median: 1.85
vs TPE:2303: 2.23
United Microelectronics (TPE:2303) 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.
United Microelectronics Quick Ratio Related Terms
United Microelectronics Quick Ratio Historical Data
* 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.
TPE:2303 vs NVDA, AVGO, MU: Quick Ratio Comparison
For the Semiconductors subindustry, United Microelectronics'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.
United Microelectronics Quick Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, United Microelectronics's Quick Ratio distribution charts can be found below:
* The bar in red indicates where United Microelectronics'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.
United Microelectronics'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.
United Microelectronics (TPE:2303) has a Quick Ratio of 2.23 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on United Microelectronics and its competitors. This is 15% above median its historical median of 1.94. Over the past decade, United Microelectronics' Quick Ratio has ranged from 1.07 to 2.46. According to the industry distribution chart, United Microelectronics ranks #427 out of 1028 companies in the Semiconductors industry, placing it in the top 41.5%.
Is United Microelectronics' Quick Ratio too high?
United Microelectronics' current Quick Ratio of 2.23 is 15% above median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 2.46. The Semiconductors industry median Quick Ratio is 1.85. United Microelectronics' value of 2.23 is 20.5% above this industry median. Based on the distribution chart, United Microelectronics ranks #427 out of 1028 companies in the Semiconductors industry, which is above the industry midpoint. 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' Quick Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, United Microelectronics ranks #427 out of 1028 companies for Quick Ratio. This puts United Microelectronics in the upper half of its industry. The industry median Quick Ratio is 1.85. United Microelectronics' value of 2.23 is 20.5% above this benchmark. Historically, United Microelectronics' own Quick Ratio has ranged from 1.07 to 2.46 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 1.85, United Microelectronics 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 Quick Ratio for a Semiconductors company?
The median Quick Ratio among Semiconductors companies is 1.85, based on 1,028 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. United Microelectronics's current Quick Ratio of 2.23 is 20.5% 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 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 United Microelectronics and its competitors. For the Semiconductors industry, the median Quick Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Microelectronics's current Quick Ratio is 2.23, which is 15% above median its own 10-year median of 1.94. 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$50.88, compared to a current price of NT$164.50 — trading 223.3% above its estimated fair value. The current Quick Ratio is 2.23, which is 15% above median its 10-year median of 1.94 and 20.5% above the Semiconductors industry median of 1.85. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For United Microelectronics (TPE:2303), the current Quick Ratio is 2.23 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 United Microelectronics (TPE:2303) Overvalued in 2026?
Based on GuruFocus' analysis, United Microelectronics stock appears to be overvalued.
The current stock price of NT$164.50 is trading 223.3% above its estimated GF Value™ of NT$50.88.
GuruFocus considers United Microelectronics to be Significantly Overvalued.
Key valuation signals for TPE:2303:
Quick Ratio: 2.23 (15% above median its 10-year median of 1.94)
GF Value™: NT$50.88 vs. price of NT$164.50 (223.3% above fair value)
Industry Position: 20.5% above the Semiconductors median (#427 of 1028)
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.
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
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