Taiwan MaskTPE:2338 -0.62%68 Quick Ratio is 0.73 as of Mar. 2026, which is 16% below its 10-year median of 0.87. 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 1,027 Semiconductors companies, Taiwan Mask ranks worse than 87.44% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Taiwan Mask's quick ratio for the quarter that ended in Mar. 2026 was 0.73.
Taiwan Mask has a quick ratio of 0.73. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Taiwan Mask's Quick Ratio or its related term are showing as below:
TPE:2338'
s Quick Ratio Range Over the Past 10 Years
Min: 0.46 Med: 0.87 Max: 6.27
Current: 0.73
During the past 13 years, Taiwan Mask's highest Quick Ratio was 6.27. The lowest was 0.46. And the median was 0.87.
TPE:2338's Quick Ratio is ranked worse than 87.44% of 1027
companies
in the Semiconductors industry
Industry Median: 1.85
vs TPE:2338: 0.73
Taiwan Mask (TPE:2338) 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.
Taiwan Mask Quick Ratio Related Terms
Taiwan Mask Quick Ratio Historical Data
* Premium members only.
The historical data trend for Taiwan Mask'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.
TPE:2338 vs AMAT, LRCX, KLAC: Quick Ratio Comparison
For the Semiconductor Equipment & Materials subindustry, Taiwan Mask'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.
Taiwan Mask Quick Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Taiwan Mask's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Taiwan Mask'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.
Taiwan Mask'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.
Taiwan Mask (TPE:2338) has a Quick Ratio of 0.73 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Taiwan Mask and its competitors. This is 16% below median its historical median of 0.87. Over the past decade, Taiwan Mask's Quick Ratio has ranged from 0.46 to 6.27. According to the industry distribution chart, Taiwan Mask ranks #898 out of 1027 companies in the Semiconductors industry, placing it in the top 87.4%.
Is Taiwan Mask's Quick Ratio too high?
Taiwan Mask's current Quick Ratio of 0.73 is 16% below median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 6.27. The Semiconductors industry median Quick Ratio is 1.85. Taiwan Mask's value of 0.73 is 60.5% below this industry median. Based on the distribution chart, Taiwan Mask ranks #898 out of 1027 companies in the Semiconductors industry, which is in the bottom quartile 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 Quick Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Taiwan Mask ranks #898 out of 1027 companies for Quick Ratio. This places Taiwan Mask in the lower half of its industry. The industry median Quick Ratio is 1.85. Taiwan Mask's value of 0.73 is 60.5% below this benchmark. Historically, Taiwan Mask's own Quick Ratio has ranged from 0.46 to 6.27 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 1.85, Taiwan Mask 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 Semiconductors company?
The median Quick Ratio among Semiconductors companies is 1.85, based on 1,027 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. Taiwan Mask's current Quick Ratio of 0.73 is 60.5% 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 Taiwan Mask 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. Taiwan Mask's current Quick Ratio is 0.73, which is 16% below median its own 10-year median of 0.87. 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 Quick Ratio is 0.73, which is 16% below median its 10-year median of 0.87 and 60.5% below the Semiconductors industry median of 1.85. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Taiwan Mask (TPE:2338), the current Quick Ratio is 0.73 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:
Quick Ratio: 0.73 (16% below median its 10-year median of 0.87)
GF Value™: NT$41.36 vs. price of NT$47.70 (15.3% above fair value)
Industry Position: 60.5% below the Semiconductors median (#898 of 1027)
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 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
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