Who are Delta Electronic's main competitors?

Named competitors: Eaton (ETN), Vertiv (VRT), Lite-On Technology (2301.TW), Schneider Electric (SU.PA). The cockpit's measured peer set (industry) also includes Murata Manufacturing (6981.T), Quanta Computer (2382.TW), Teradyne (TER), Asia Vital Components (3017.TW), Flex (FLEX), Yageo (2327.TW).

How has Delta Electronic stock performed?

Over six months to 6 Nov 2026 the shares returned -51.0% against -12.1% for the median peer; over one year +4.0%.

← CockpitCompetitor Analysis › 2308.TW Delta ElectronicOpen in the cockpit ↗

Delta Electronic2308.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Electronic Production Equipment

Taiwanese leader in power electronics: switching power supplies, EV chargers, data-center power/cooling and industrial automation.

≈ The world's Eaton/Vertiv for power electronicsMomentum laggard 2

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$82.9B

US dollars, full cap

Free float

81%

of shares outstanding

$/day

$686M

20-day average traded

Fwd P/E

19.0×

forward earnings

ROIC−WACC

+16.6 pp

WACC 10.3%

Hurdle

+4 pp

Req g minus delivered

Next earnings

111 days

25 Feb 2027

Close · TWDNT$1,055

1D-6.6%

1W-21.0%

1M-47.4%

3M-34.9%

6M-51.0%

YTD+10.1%

1Y+4.0%

ATR %9.1%

52w lowhigh59.0% off high

What Delta Electronic does

Taiwanese leader in power electronics: switching power supplies, EV chargers, data-center power/cooling and industrial automation.

Sells power supplies and cooling that sit inside other companies' products, so it is paid per unit shipped into servers, telecom gear, cars and factories. Data-center power and cooling for AI servers has become the main growth line. It was founded in 1971 by Bruce Cheng.

In one line: The world's Eaton/Vertiv for power electronics.

Products and services

Power supplies/power electronics
Data-center power & thermal management (AI server infra)
EV powertrain/charging components
Industrial automation

Customers

Data-center/hyperscale operators
EV/automotive makers
Industrial equipment makers

Where it sits in the supply chain

Information technology
Power electronics
Power supplies, EV charging…

What could go right

AI data-center power/cooling capex boom
EV adoption

What could go wrong

Power electronics pricing competition
Cyclical IT/data-center capex

Moat: narrow (scale, process know-how, installed base). Broad power-electronics scale and deep qualification in data-center and EV power systems.

Headquarters: Taoyuan, Taiwan · Founded: 1971

Named competitors

Delta Electronic at a glance

Size Delta Electronic (2308.TW) is a Taiwan Information Technology company (Electronic Production Equipment) with a market value of $82.9B, the 4th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$1,055 on 6 Nov 2026.

Performance Over six months the shares fell 51.0%, against -12.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — lowest of 7 in its peer set.

Growth Revenue grew 38.2% over the last twelve months (peer median +47.5%); the operating margin is 16.8% (peer median 21.7%).

Valuation It trades at 19.0× forward earnings against a peer median of 15.7× (3rd most expensive of 7).

Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 16.6 points above its cost of capital (10.3% WACC).

Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Delta Electronic against the median of its 6 peers (local-currency closes).

Delta Electronic financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	NT$701B	NT$555B	NT$421B	NT$401B	NT$384B
Revenue growth	—	+32%	+5%	+4%	—
Gross profit	NT$244B	NT$186B	NT$133B	NT$113B	NT$107B
EBITDA	NT$150B	NT$112B	NT$72.6B	NT$62.5B	NT$60.4B
Net income	NT$86.5B	NT$60.1B	NT$35.2B	NT$33.4B	NT$32.7B
Free cash flow	NT$66.5B	NT$52.6B	NT$39.6B	NT$42.9B	NT$25.0B
Capital expenditure	NT$65.2B	NT$48.6B	NT$35.1B	NT$28.3B	NT$23.2B
Total debt	NT$114B	NT$76.5B	NT$66.7B	NT$59.9B	NT$48.8B

Quarterly statements and history in the cockpit →

Delta Electronic competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Delta Electronic is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Delta Electronic is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Delta Electronic is the large dot.

Delta Electronic competitors and peer comparison

Head to head with its named competitors (2308.TW vs ETN vs VRT vs 2301.TW)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Delta Electronic 2308.TW	$82.9B	-51%	+38%	17%	19.0×	18.5%
Eaton ETN	$133B	-15%	+20%	19%	21.4×	19.1%
Vertiv VRT	$70.4B	-46%	+35%	21%	20.0×	25.4%
Lite-on Technology 2301.TW	$13.2B	+16%	+24%	13%	13.8×	n/a
Schneider Electric SU.PA	$151B	-16%	+7%	18%	22.2×	18.0%

How Delta Electronic compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Delta Electronic against its 6 peers (data as of 6 Nov 2026)
Measure	2308.TW	Peer median	Rank in peer set
1-month return	-47.4%	-39.7%	lowest of 7
6-month return	-51.0%	-12.1%	lowest of 7
Distance from 52-week high	-59.0%	-56.7%	3rd lowest of 7
Revenue growth (TTM)	+38.2%	+47.5%	4th highest of 7
Operating margin	16.8%	21.7%	3rd lowest of 7
Forward P/E	19.0×	15.7×	3rd most expensive of 7
Growth the price implies (Req g, 7 yrs)	18.5%	17.7%	3rd most demanding of 6
Growth delivered (Del g)	+14.4%	+3.0%	3rd highest of 6
Hurdle (Req g minus delivered)	+4.0 pp	+12.9 pp	3rd least demanding of 6
ROIC minus cost of capital	+16.6 pp	+11.2 pp	3rd highest of 7
EV / EBITDA	18.0×	16.4×	3rd cheapest of 5
Net debt / EBITDA	-0.7×	-0.2×	3rd least indebted of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Delta Electronic 2308.TW	Taiwan	$82.9B	-51%	+38%	17%	19.0×	18.5%	+14.4%
Murata Manufacturing 6981.T	Japan	$57.1B	-5%	+15%	20%	23.0×	29.8%	+2.3%
Quanta Computer 2382.TW	Taiwan	$36.0B	-10%	+63%	3%	10.1×	n/a	n/a
Teradyne TER	United States	$34.1B	-39%	+75%	33%	20.2×	20.9%	+0.4%
Asia Vital Components 3017.TW	Taiwan	$27.4B	-15%	+99%	24%	17.5×	9.0%	+28.6%
Flex FLEX	United States	$25.8B	-51%	+18%	6%	11.2×	15.9%	+3.0%
Yageo 2327.TW	Taiwan	$23.3B	+8%	+32%	27%	13.9×	17.7%	+14.5%

Questions

Who are Delta Electronic's main competitors?: Named competitors: Eaton (ETN), Vertiv (VRT), Lite-On Technology (2301.TW), Schneider Electric (SU.PA). The cockpit's measured peer set (industry) also includes Murata Manufacturing (6981.T), Quanta Computer (2382.TW), Teradyne (TER), Asia Vital Components (3017.TW), Flex (FLEX), Yageo (2327.TW).
Is Delta Electronic expensive compared with its peers?: On forward p/e it trades at 19.0× against a peer median of 15.7×, 3rd most expensive of 7 in its peer set. For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Delta Electronic stock performed?: Over six months to 6 Nov 2026 the shares returned -51.0% against -12.1% for the median peer; over one year +4.0%.