NYSE · Asset Management · USD

The Taiwan Fund, Inc. (TWN) Stock Analysis

The Taiwan Fund, Inc. (TWN) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

TWN

$95.25

+$0.83 (+0.88%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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TWN Key Statistics

As of Oct 21, 2026

Trading

Open: $94.46
Previous Close: $94.42
Day's Range: 94.62–96.27
52-Week Range: 51.37–108.83
Volume: 24.50K
Beta: 1.52

Valuation

Market Cap: $546.93M
P/E Ratio: 2.48
P/S ratio: 82.70
EPS (ttm): 38.39

Financials (FY)

Revenue (FY): $99.70M+32.78%
Net Income (FY): $97.18M+33.77%
Profit margin: 3,508.95%
Shares Outstanding: 5.74M
1-Year Return: +87.85%

Dividend and dates

Ex-Dividend Date: December 29, 2025
Avg Volume: 26.98K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, TWN closed at $95.25, +87.85% over 1 year.

The Taiwan Fund, Inc. (TWN) has a market capitalization of $546.93M.

In fiscal 2024, TWN reported revenue of $99.70M.

TWN Stock Return by Calendar Year

The Taiwan Fund, Inc. (TWN) 10-year return: what $10,000 became

1 year: $10,000 $18,785; +87.85%
5 years: $10,000 $39,233; +292.33%
10 years: $10,000 $114,154; +1,041.54%

If you had invested $10,000 in The Taiwan Fund, Inc. (TWN) 10 years ago, at the close on October 21, 2016, it would have been worth $114,154 at the close on October 21, 2026: +1,041.54% in total, +27.57% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−38.54%+78.44%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+78.44%
2025	+54.11%
2024	+32.76%
2023	+51.73%
2022	−38.54%
2021	+58.14%
2020	+40.71%
2019	+47.00%
2018	−19.15%
2017	+33.80%
2016 (partial year)	−4.40%

As of October 21, 2026.

TWN Revenue and Earnings by Fiscal Year

FY ends August

RevenueNet income

2021202220232024

Fiscal year	Revenue	Net income	Net margin
2024	$99.70M	$97.18M	97.5%
2023	$75.09M	$72.65M	96.7%
2022	−$71.74M	−$74.33M	103.6%
2021	$131.77M	$129.63M	98.4%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2024	$99.70M	—	—	$97.18M	97.5%
2023	$75.09M	—	—	$72.65M	96.7%
2022	−$71.74M	—	—	−$74.33M	103.6%
2021	$131.77M	—	—	$129.63M	98.4%

Annual figures as reported, in the company's reporting currency. As of August 31, 2024.

TWN Dividend History

’17’18’19’20’21’23’24’25

$6.20−16.2% vs 2024

Dividends per share, 2025 · 1 payments

Year	Dividends per share	Payments	Change
2025	$6.20	1	−16.2%
2024	$7.40	1	+1,592.9%
2023	$0.44	1	—
2021	$2.92	1	−11.7%

Year	Dividends per share	Payments	Change
2025	$6.20	1	−16.2%
2024	$7.40	1	+1,592.9%
2023	$0.44	1	—
2021	$2.92	1	−11.7%
2020	$3.31	1	+94.9%
2019	$1.70	1	−0.5%
2018	$1.71	1	+158.8%
2017	$0.66	1	—

Most recent payment: $6.20 per share, ex-dividend December 29, 2025. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

TWN Valuation vs Asset Management Median

Median of 512 stocks

Metric	TWN	Asset Management median	vs median
P/E	2.48	9.44	0.3x the median
P/S ratio	82.70	8.59	9.6x the median
Profit margin	3,508.95%	74.97%	3,434.0 pts above

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

The market values The Taiwan Fund, Inc. (TWN) at $546.93M. The company sits in the Financial Services sector, in the Asset Management industry.

The 52-week range on file runs from $51.37 to $108.83. TWN last closed at $95.25 on October 21, 2026. That is +$0.83 (+0.88%) against the previous close. The latest close sits 85.42% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2024, shows revenue of $99.70M. That is +32.78% against the prior fiscal year, when revenue was $75.09M. The same year closed with net income of $97.18M. That is +33.77% against the prior fiscal year. The reported profit margin is 3,508.95%. That is 3,434 percentage points above the Asset Management median of 74.97%. Trailing earnings per share are 38.39.

Across the 4 fiscal years on file, revenue moves from $131.77M in 2021 to $99.70M in 2024. Of those 4 years, 3 report positive net income.

Valuation Assessment

TWN trades at a trailing price-to-earnings ratio of 2.48. That is 0.3 times the Asset Management median of 9.44. The price-to-sales ratio is 82.7. On price-to-sales that is 9.6 times the Asset Management median of 8.59. 512 Asset Management companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 1.52. Daily returns over the trailing 10 years annualize to a volatility of 23.48%. Over the trailing twelve months the total return is +87.85%. Measured over 10 years, that is +27.57% a year compounded.

Growth & Income

The latest dividend on file for TWN dates from 2025. Dividends are recorded for 8 calendar years; 2025 shows 1 payments totalling $6.20 a share. The year before, 2024, totalled $7.40 a share.

Across the complete calendar years on file, 2021 returned +58.14% and 2022 returned −38.54%. Of the 9 complete calendar years on file, 7 finished higher. 2026 is still running; the total return is +78.44% year to date.

Peer Comparison

The Taiwan Fund, Inc. (TWN) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
The Taiwan Fund, Inc.	TWN	$546.93M	2.5
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. The Taiwan Fund, Inc. trades at a P/E of 2.5.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About The Taiwan Fund, Inc.

The Taiwan Fund, Inc. is a closed-ended equity mutual fund launched and managed by Nomura Asset Management U.S.A. Inc. It invests in the public equity markets of Taiwan. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental analysis focusing on such factors as overall growth prospects, competitive position in the respective industry, technology, research, and development, productivity, labor costs, raw material costs and sources, profit margins, return on investment, capital resources, government regulation, and management to create its portfolio. The fund benchmarks the performance of its portfolio against the TAIEX Total Return Index. The Taiwan Fund, Inc. was formed on December 23, 1986 and is domiciled in the United States.

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