Holy Stone Enterprise Co Ltd (3026) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Holy Stone Enterprise Co Ltd stock TWD 120, price TWD 499, that is 76.0% below the price, quality 73 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 66.26 TWD – 1,005 TWD · fair‑value band 92.69 TWD – 146.03 TWD · the 499.00 TWD price screens above the 119.84 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Holy Stone Enterprise Co.,Ltd. together with its subsidiaries, manufactures and sells of multi-layer ceramic capacitors (MLCC) under the IHHEC brand name in Taiwan, China, the United States, and internationally.
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The company offers MLCC solutions for PoE circuits, switching power supplies, battery management systems, automotive touchscreen LCD modules, LED lightings, and soft termination MLCCs. It offers Azoteq products, including mouse hall rotation wheel, SAR sensor, and inductive sensing keyboards.
In addition, it offers ceramic substrate metallization products; resistors; AMB substrates; and semiconductor products, such as rectified diodes, protection diodes, small signal/Schottky, MOSFET/transistor, timing device, and touch IC controllers, as well as SiC products.
Further, the company is involved in the import and export of various integrated circuits, modules and other electronic components; engages in investment business and pharmaceutical research and development; design, develop, manufacture, and retail sale of electronic component, machinery, tools and equipment, and other electronic components; provides biotechnology services; manufactures audio-visual electronic products; and wholesale of pharmaceuticals, western medicine, and medical devices.
Additionally, it is involved in wholesale of electrical and precision instruments; computers; machinery and equipment; materials; information equipment; electricity; and electronic materials, as well as patented applications.
It serves telecommunication, consumer electronics, automotive electronics, and industrial electronics industries. Holy Stone Enterprise Co.,Ltd. was founded in 1981 and is headquartered in Taipei, Taiwan.
Stock analysis
Holy Stone Enterprise Co Ltd (3026) currently trades at 499.00 TWD, while our model-based Fair Value estimate is 119.84 TWD, 76% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 173.07 TWD per share, and 0 of the 24 models we run sit above the 499.00 TWD price.
Bear case: the Asset-Based group reads lowest at 34.26 TWD, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 92.69 TWD (bear) to 146.03 TWD (bull), the price of 499.00 TWD sits above 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 73/100 (solid quality), in the Technology sector.
Mixed Growth: Spin-off in 2009: revenue and profit before it include the divested business. Growth is measured afresh from 2009.
Holy Stone Enterprise Co Ltd reported revenue of 13.4B TWD in FY2025 versus 16.6B TWD in FY2021, a compound −5.2%/yr. Reported net income was 1.1B TWD in FY2025, compounding −13.5%/yr from FY2021.
Key figures
Market cap 82.9B TWD (≈ $2.5B) Mid · P/E ratio 49.1 · P/S ratio 5.32 · EPS (TTM) 10.17 TWD · Dividend yield 1.2% · Net margin 13.8% · Return on equity 19.3% · Return on assets (EBIT) 7.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 403% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −76%, 3026 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (34.26 TWD to 366.99 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear92.69 TWDFair Value 119.84 TWDBull146.03 TWD
Price 499.00 TWD · Downside -76.0%
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 (3.75 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.55/100
Spin-off in 2009: revenue and profit before it include the divested business. Growth is measured afresh from 2009.
Revenue growth 1 year
+5.0%
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.
−3.8%
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.
−2.0%
Start year 2020 (pandemic). Over 10 years: −0.1% a year
Revenue growth 16 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.
+0.1%
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What shareholders gained per year (last 5 years), in TWD ⓘ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. 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.
−2.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.6%
Dividend (yield on the price)1.2%
Per share before 2009divided by the spin-off factor 1.02
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.−3.6% vs 6.3%, slowing
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.11% → 8%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more 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).
+43.5%
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.
+39.3%
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 +41.2% a year for the price and +37.1% for the forecasts.
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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.Electronic Components · 653 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside−76.0% · Bottom 25%
Profitability
Return on equity (12 months)19.3% · Top 25%
Return on assets6.7% · Top 25%
Net margin (12 months)13.8% · Top 25%
Operating margin (12 months)19.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)32.2% · Top 25%
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Holy Stone Enterprise Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3026
Frequently asked questions
Is Holy Stone Enterprise Co Ltd (3026) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 119.84 TWD versus a price of 499.00 TWD, about 76% lower (overvalued).
What is the fair value of 3026?
Our model-based fair value for Holy Stone Enterprise Co Ltd is 119.84 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 499.00 TWD.
What is the quality score of 3026?
Holy Stone Enterprise Co Ltd has a Quality Score of 73/100. 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 Holy Stone Enterprise Co Ltd (3026)?
Our model-based price target is the fair value of 119.84 TWD (as of Nov 7, 2026) from 24 valuation models. Cautious scenario 92.69 TWD, optimistic scenario 146.03 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Holy Stone Enterprise Co Ltd stock forecast for 2026?
Our models put fair value at 119.84 TWD, about 76% lower versus a price of 499.00 TWD (overvalued). Cautious scenario 92.69 TWD, optimistic scenario 146.03 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Holy Stone Enterprise Co Ltd (3026)?
Holy Stone Enterprise Co Ltd reported trailing-twelve-month revenue of about 15.6B TWD (latest available figure, as of Nov 7, 2026).
Does Holy Stone Enterprise Co Ltd pay a dividend?
Holy Stone Enterprise Co Ltd currently shows a dividend yield of 1.16% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Holy Stone Enterprise Co Ltd (3026) and when is the ex-dividend date?
Holy Stone Enterprise Co Ltd pays a dividend of 5.80 TWD per share a year, a dividend yield of 1.2%. The last ex-dividend date was Jun 22, 2026. A dividend has been paid every year since at least 2001. The payout ratio is 57.0% of earnings. Free cash flow covers the dividend 1.12 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Holy Stone Enterprise Co Ltd (3026)?
For today's price to be fair in a discounted-cash-flow model, Holy Stone Enterprise Co Ltd would have to grow free cash flow by +43.5 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 3026 use?
Our models discount Holy Stone Enterprise Co Ltd at 12.5 %: a base by market capitalisation (mid), damped by beta 1.85, 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 Holy Stone Enterprise Co Ltd that is +43.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has Holy Stone Enterprise Co Ltd (3026) delivered so far?
Over the past 5 years revenue at Holy Stone Enterprise Co Ltd grew -2.0 % a year. The price currently implies free-cash-flow growth of +43.5 % per 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 Holy Stone Enterprise Co Ltd (3026) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Holy Stone Enterprise Co Ltd (+43.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Holy Stone Enterprise Co Ltd (3026)?
The free-cash-flow yield on the price is 1.30 %: that much free cash flow Holy Stone Enterprise Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Holy Stone Enterprise Co Ltd (3026)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Holy Stone Enterprise Co Ltd it is 119.84 TWD per share (as of Nov 7, 2026), against a price of 499.00 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Holy Stone Enterprise Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 3026 trades above its calculated fair value: price 499.00 TWD, fair value 119.84 TWD, a gap of about −76% (overvalued). 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 3026?
No. The price is what the market pays today (499.00 TWD); the fair value is what the company's own numbers justify (119.84 TWD). For Holy Stone Enterprise Co Ltd the two are 379.16 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Holy Stone Enterprise Co Ltd worth?
The market values Holy Stone Enterprise Co Ltd at about 82.9B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 499.00 TWD; our models calculate a fair value of 119.84 TWD per share.
What do the bullish and bearish scenarios say about 3026?
Our models span a range for Holy Stone Enterprise Co Ltd: cautious scenario 92.69 TWD, base 119.84 TWD, optimistic 146.03 TWD per share (as of Nov 7, 2026, price 499.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3026?
Holy Stone Enterprise Co Ltd trades at a price-to-earnings ratio of 49.1 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 119.84 TWD is built from several models across several years. Other multiples: P/B 8.2, P/S 5.3, EV/EBITDA 27.4.
How solid is the balance sheet of Holy Stone Enterprise Co Ltd (3026)?
Balance-sheet figures for Holy Stone Enterprise Co Ltd (as of Nov 7, 2026): return on equity 19.3%, debt of 0.07 per unit of equity. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is 3026 from its 52-week high?
Holy Stone Enterprise Co Ltd trades at 499.00 TWD, about 50% below its 52-week high of 1,005 TWD and 403% above the low of 99.15 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 119.84 TWD is for.
Which stocks are comparable to Holy Stone Enterprise Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, 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 Holy Stone Enterprise Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 499.00 TWD, calculated fair value 119.84 TWD (−76%), Quality Score 73/100, from 24 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 3026 calculated?
We run Holy Stone Enterprise Co Ltd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 119.84 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Holy Stone Enterprise Co Ltd itself currently trades above fair value. 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 Holy Stone Enterprise Co Ltd (3026)?
The closing price on Nov 9, 2026 was 499.00 TWD. Our model-based fair value is 119.84 TWD, about 76% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Holy Stone Enterprise Co Ltd right now?
The price sits above even our optimistic bull case (146.03 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (73/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Holy Stone Enterprise Co Ltd (3026) come from?
Earnings per share at Holy Stone Enterprise Co Ltd grew +4.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.0 %, EBIT margin +4.4 %, tax rate +0.3 %, residual (interest, one-offs) +0.5 %. 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 Holy Stone Enterprise Co Ltd
How large is the market capitalisation of Holy Stone Enterprise Co Ltd (3026)?
The market capitalisation of Holy Stone Enterprise Co Ltd is 82.9B TWD (≈ $2.5B). 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 Holy Stone Enterprise Co Ltd (3026)?
The price-to-sales ratio of Holy Stone Enterprise Co Ltd is 5.32 (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 Holy Stone Enterprise Co Ltd (3026)?
Earnings per share at Holy Stone Enterprise Co Ltd are 10.17 TWD (price ÷ EPS = P/E 49.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Holy Stone Enterprise Co Ltd (3026)?
The dividend yield of Holy Stone Enterprise Co Ltd is 1.2% (payout 57.0%). 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 Holy Stone Enterprise Co Ltd (3026)?
The net margin of Holy Stone Enterprise Co Ltd is 13.8% (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 Holy Stone Enterprise Co Ltd (3026)?
The return on equity (ROE) of Holy Stone Enterprise Co Ltd is 19.3% (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 Holy Stone Enterprise Co Ltd (3026)?
On an EBIT basis the return on assets of Holy Stone Enterprise Co Ltd is 7.5% (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 Holy Stone Enterprise Co Ltd (3026)?
The operating margin of Holy Stone Enterprise Co Ltd is 19.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Holy Stone Enterprise Co Ltd (3026)?
Revenue at Holy Stone Enterprise Co Ltd is growing +32.2% versus a year earlier (3y avg −3.8%). 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 Holy Stone Enterprise Co Ltd (3026)?
Earnings per share at Holy Stone Enterprise Co Ltd are growing +161% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Holy Stone Enterprise Co Ltd (3026) hold?
Holy Stone Enterprise Co Ltd holds more cash than debt, 976M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026