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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Taiwan PaihoTPE:9938 -2.79%79 5-Year Yield-on-Cost % is 3.82 as of Jul. 31, 2026, which is 65% above its 10-year median of 2.31. GuruFocus rates TPE:9938 with a GF Score™ of 79/100 and a GF Value™ of NT$68.73 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 529 Manufacturing - Apparel & Accessories companies, Taiwan Paiho ranks better than 55.95% on this metric.
Taiwan Paiho's yield on cost for the quarter that ended in Dec. 2025 was 3.82.
The historical rank and industry rank for Taiwan Paiho's 5-Year Yield-on-Cost % or its related term are showing as below:
TPE:9938'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.72 Med: 2.31 Max: 4.44
Current: 3.82
During the past 13 years, Taiwan Paiho's highest Yield on Cost was 4.44. The lowest was 0.72. And the median was 2.31.
TPE:9938's 5-Year Yield-on-Cost % is ranked better than 55.95% of 529
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 3.23
vs TPE:9938: 3.82
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
For the Textile Manufacturing subindustry, Taiwan Paiho's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 Paiho 5-Year Yield-on-Cost % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Taiwan Paiho's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Taiwan Paiho's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of Taiwan Paiho is calculated as
Taiwan Paiho (TPE:9938) has a 5-Year Yield-on-Cost % of 3.82 as of Jul. 31, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Taiwan Paiho and its competitors. This is 65% above median its historical median of 2.31. Over the past decade, Taiwan Paiho's 5-Year Yield-on-Cost % has ranged from 0.72 to 4.44. According to the industry distribution chart, Taiwan Paiho ranks #233 out of 529 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 44%.
Is Taiwan Paiho's 5-Year Yield-on-Cost % too high?
Taiwan Paiho's current 5-Year Yield-on-Cost % of 3.82 is 65% above median its 10-year median of 2.31. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 4.44. The Manufacturing - Apparel & Accessories industry median 5-Year Yield-on-Cost % is 3.23. Taiwan Paiho's value of 3.82 is 18.3% above this industry median. Based on the distribution chart, Taiwan Paiho ranks #233 out of 529 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Taiwan Paiho has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Paiho's 5-Year Yield-on-Cost % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Taiwan Paiho ranks #233 out of 529 companies for 5-Year Yield-on-Cost %. This puts Taiwan Paiho in the upper half of its industry. The industry median 5-Year Yield-on-Cost % is 3.23. Taiwan Paiho's value of 3.82 is 18.3% above this benchmark. Historically, Taiwan Paiho's own 5-Year Yield-on-Cost % has ranged from 0.72 to 4.44 over the past decade. While the company's 10-year median is 2.31 vs. the industry median of 3.23, Taiwan Paiho 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 5-Year Yield-on-Cost % for a Manufacturing - Apparel & Accessories company?
The median 5-Year Yield-on-Cost % among Manufacturing - Apparel & Accessories companies is 3.23, based on 529 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiwan Paiho's current 5-Year Yield-on-Cost % of 3.82 is 18.3% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Taiwan Paiho and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 5-Year Yield-on-Cost % is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Paiho's current 5-Year Yield-on-Cost % is 3.82, which is 65% above median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Paiho stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Paiho (TPE:9938) is currently considered Possible Value Trap. The stock's GF Value™ is NT$68.73, compared to a current price of NT$45.30 — trading 34.1% below its estimated fair value. The current 5-Year Yield-on-Cost % is 3.82, which is 65% above median its 10-year median of 2.31 and 18.3% above the Manufacturing - Apparel & Accessories industry median of 3.23. Taiwan Paiho's overall GF Score™ is 79/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Taiwan Paiho (TPE:9938), the current 5-Year Yield-on-Cost % is 3.82 as of Jul. 31, 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 Paiho (TPE:9938) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Paiho stock appears to be undervalued.
The current stock price of NT$45.30 is trading 34.1% below its estimated GF Value™ of NT$68.73.
GuruFocus considers Taiwan Paiho to be Possible Value Trap.
Key valuation signals for TPE:9938:
5-Year Yield-on-Cost %: 3.82 (65% above median its 10-year median of 2.31)
GF Value™: NT$68.73 vs. price of NT$45.30 (34.1% below fair value)
Industry Position: 18.3% above the Manufacturing - Apparel & Accessories median (#233 of 529)
No single metric tells the full story. See the TPE:9938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Paiho Ltd manufactures and sells touch fasteners, webbing, shoelaces, elastic, easy tape, and related superficial materials, as well as residential buildings constructed by entrusted construction contractors. The Group is also engaged in the construction business, including the sale of housing, shopping centers, and office buildings constructed by entrusted construction contractors. The Group operates through two reportable segments: Production, which generates maximum revenue, and Construction. Its business mainly operates in Taiwan, China, and Vietnam, with maximum revenue generated from Vietnam.
79GF Score
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5-Year Yield-on-Cost % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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