Accton Technology Corp (2345) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Accton Technology Corp stock TWD 1,518, price TWD 1,380, upside +10.0%, quality 72 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 194.42 TWD – 2,750 TWD · fair‑value band 935.65 TWD – 1,973 TWD · the 1,380 TWD price screens below the 1,518 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Accton Technology Corporation develops, manufactures, and sells computer network systems and wireless land area network (LAN) hardware and software products in Taiwan and internationally.
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The company offers 800G AI/ML fabrics, fiber optical transceivers, hyper network appliances, and edge servers, as well as data centers, metro ethernet, telecommunication networks, school/enterprise networks, and software-defined wide area network.
It also provides data center switches, open packet transponders, cloud service appliances, and ethernet BOF; edge-computing; wired and wireless network solutions; carrier access platforms and disaggregated open solutions; and IoT integration solutions.
In addition, the company engages in the production and sale of network switches; design, research, development, manufacture, and sale of switching hubs; and provision of information software and information technology services, as well as e-commerce apps, and advertising services.
Further, it offers network products; and technical consulting and engineering design services. Additionally, the company provides data center networks, edge computing, cloud networks, carrier access, and IoT integration solutions.
Accton Technology Corporation was incorporated in 1988 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Accton Technology Corp (2345) currently trades at 1,380 TWD, while our model-based Fair Value estimate is 1,518 TWD, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the DCF Models group reads highest at a median of 1,614 TWD per share, and 10 of the 26 models we run sit above the 1,380 TWD price.
Bear case: the Dividend Discount group reads lowest at 186.20 TWD, and 16 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 935.65 TWD (bear) to 1,973 TWD (bull), the price of 1,380 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 72/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Accton Technology Corp reported revenue of 248B TWD in FY2025 versus 59.6B TWD in FY2021, a compound +42.9%/yr. Reported net income was 26.3B TWD in FY2025, compounding +53.8%/yr from FY2021.
Key figures
Market cap 1.1T TWD (≈ $32.1B) Large · P/E ratio 21.8 · P/S ratio 3.40 · EPS (TTM) 63.31 TWD · Dividend yield 1.1% · Net margin 11.5% · Return on equity 65.6% · Return on assets (EBIT) 19.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 73 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 52% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −43% fair-value upside, at 10%, 2345 screens cheaper than that median.
Fair Value models
Bear935.65 TWDFair Value 1,518 TWDBull1,973 TWD
Price 1,380 TWD · Upside +10.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (40.90 TWD per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+124.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+47.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+35.5%
Start year 2020 (pandemic). Over 10 years: +25.9% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.5%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+37.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+36.7%
Dividend (yield on the price)1.1%
Per share before 2011divided by the spin-off factor 1.0357
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.40.0% vs 36.2%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 13%
2025 sits 197% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+10.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+30.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +8.3% a year for the price and +28.7% for the forecasts.
AI conclusion: Solid return on equity forms the main strength while thin evidence of a durable competitive moat remains the central weakness across all categories.
Main risk: A loss of share or reduced orders from hyperscalers such as AWS and Meta could sharply cut revenue and margins in its data-center networking segment.
Bull case: By diversifying into additional hyperscalers and developing alternative silicon partnerships, Accton could stabilize its customer base and secure broader design wins in AI networking.
Bear case: If AWS and Meta shift more volume to rivals such as Celestica or develop in-house solutions, Accton could see its core data-center revenue erode and face margin pressure from lost scale.
Accton is raising new capital via a rights issue to fund factory expansions in Taiwan, Vietnam, the US and elsewhere even as AI-driven orders for 800G switches push revenues sharply higher. The added capacity targets open networking and next-generation interconnects, yet it also increases the share base. Will the spending lock in durable volume gains that outweigh the dilution, or will execution lag leave returns thinner than expected?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Communication Equipment · 301 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside+10.0% · Top 25%
Profitability
Return on equity (12 months)65.6% · Top 25%
Return on assets18.4% · Top 25%
Net margin (12 months)11.5% · Top 25%
Operating margin (12 months)15.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)57.6% · Top 25%
Dividend yield (12 months)1.1% · Below median
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
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Is Accton Technology Corp (2345) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 1,518 TWD versus a price of 1,380 TWD, about +10% upside (fairly valued).
What is the fair value of 2345?
Our model-based fair value for Accton Technology Corp is 1,518 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 1,380 TWD.
What is the quality score of 2345?
Accton Technology Corp has a Quality Score of 72/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Accton Technology Corp (2345)?
Our model-based price target is the fair value of 1,518 TWD (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 935.65 TWD, optimistic scenario 1,973 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Accton Technology Corp stock forecast for 2026?
Our models put fair value at 1,518 TWD, about +10% upside versus a price of 1,380 TWD (fairly valued). Cautious scenario 935.65 TWD, optimistic scenario 1,973 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Accton Technology Corp (2345)?
Accton Technology Corp reported trailing-twelve-month revenue of about 311B TWD (latest available figure, as of Nov 5, 2026).
Does Accton Technology Corp pay a dividend?
Accton Technology Corp currently shows a dividend yield of 1.09% relative to its recent price (as of Nov 5, 2026).
What growth is priced into Accton Technology Corp (2345)?
For today's price to be fair in a discounted-cash-flow model, Accton Technology Corp would have to grow free cash flow by +10.0 % per year for five years (discount rate 8.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +35.5 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 2345 use?
Our models discount Accton Technology Corp at 8.6 %: a base by market capitalisation (large), damped by beta 0.53, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Accton Technology Corp that is +10.0 % per year a year over ten years, using the same discount rate (8.6 %) and the same formula as our fair value.
How much growth has Accton Technology Corp (2345) delivered so far?
Over the past 5 years revenue at Accton Technology Corp grew +35.5 % a year. The price currently implies +10.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Accton Technology Corp (2345) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into Accton Technology Corp (+10.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Accton Technology Corp (2345)?
The free-cash-flow yield on the price is 3.87 %: that much free cash flow Accton Technology Corp produces per unit of market value. When it exceeds the discount rate of our models (8.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Accton Technology Corp (2345)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Accton Technology Corp it is 1,518 TWD per share (as of Nov 5, 2026), against a price of 1,380 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Accton Technology Corp stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 2345 trades below its calculated fair value: price 1,380 TWD, fair value 1,518 TWD, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 2345?
No. The price is what the market pays today (1,380 TWD); the fair value is what the company's own numbers justify (1,518 TWD). For Accton Technology Corp the two are 138.00 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Accton Technology Corp worth?
The market values Accton Technology Corp at about 1.1T TWD (market capitalisation, as of Nov 5, 2026). Per share that is 1,380 TWD; our models calculate a fair value of 1,518 TWD per share.
What do the bullish and bearish scenarios say about 2345?
Our models span a range for Accton Technology Corp: cautious scenario 935.65 TWD, base 1,518 TWD, optimistic 1,973 TWD per share (as of Nov 5, 2026, price 1,380 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2345?
Accton Technology Corp trades at a price-to-earnings ratio of 21.8 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,518 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 24.3. Other multiples: P/B 18.4, P/S 3.4, EV/EBITDA 23.3.
How solid is the balance sheet of Accton Technology Corp (2345)?
Balance-sheet figures for Accton Technology Corp (as of Nov 5, 2026): return on equity 65.6%, debt of 0.00 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 2345 from its 52-week high?
Accton Technology Corp trades at 1,380 TWD, about 50% below its 52-week high of 2,750 TWD and 52% above the low of 907.00 TWD (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 1,518 TWD is for.
Which stocks are comparable to Accton Technology Corp?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Accton Technology Corp stock attractive at the current price?
The data as of Nov 5, 2026: price 1,380 TWD, calculated fair value 1,518 TWD (+10%), Quality Score 72/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2345 calculated?
We run Accton Technology Corp through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 1,518 TWD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Accton Technology Corp currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Accton Technology Corp (2345)?
The closing price on Nov 5, 2026 was 1,380 TWD. Our model-based fair value is 1,518 TWD, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Accton Technology Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (935.65 TWD to 1,973 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Accton Technology Corp (2345) come from?
Earnings per share at Accton Technology Corp grew +32.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +21.2 %, EBIT margin +10.2 %, tax rate +0.0 %, residual (interest, one-offs) −0.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Accton Technology Corp
How large is the market capitalisation of Accton Technology Corp (2345)?
The market capitalisation of Accton Technology Corp is 1.1T TWD (≈ $32.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Accton Technology Corp (2345)?
The price-to-sales ratio of Accton Technology Corp is 3.40 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Accton Technology Corp (2345)?
Earnings per share at Accton Technology Corp are 63.31 TWD (price ÷ EPS = P/E 21.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Accton Technology Corp (2345)?
The dividend yield of Accton Technology Corp is 1.1% (payout 23.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Accton Technology Corp (2345)?
The net margin of Accton Technology Corp is 11.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Accton Technology Corp (2345)?
The return on equity (ROE) of Accton Technology Corp is 65.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Accton Technology Corp (2345)?
On an EBIT basis the return on assets of Accton Technology Corp is 19.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Accton Technology Corp (2345)?
The operating margin of Accton Technology Corp is 15.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Accton Technology Corp (2345)?
Revenue at Accton Technology Corp is growing +57.6% versus a year earlier (3y avg +47.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Accton Technology Corp (2345)?
Earnings per share at Accton Technology Corp are growing +120% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Accton Technology Corp (2345) hold?
Accton Technology Corp holds more cash than debt, 24.6B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 5, 2026