Browave (3163) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Browave stock TWD 43.04, price TWD 430, that is 90.0% below the price, quality 62 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 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 6, 2026.
How to read this chart
60‑month range 25.75 TWD – 11,886 TWD · fair‑value band 35.28 TWD – 53.99 TWD · the 429.50 TWD price screens above the 43.04 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Browave Corporation engages in the design, manufacture, and sale of optical fiber communication components in Taiwan and internationally.
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The company's products include wavelength division multiplexing and optical splitter modules; component, such as WDM, amplifier, and optical splitter devices; optical connectors and MPO/MTP jumpers; and optical parts, including fiber arrays, polarization-maintaining connectors, and free space isolators.
Its products are used in CATV/FTTH, 5G telecommunication, and data center applications. The company was founded in 1998 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Browave (3163) currently trades at 429.50 TWD, while our model-based Fair Value estimate is 43.04 TWD, 90% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 84.14 TWD per share, and 0 of the 15 models we run sit above the 429.50 TWD price.
Bear case: the Earnings-Based group reads lowest at 11.31 TWD, and 15 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 35.28 TWD (bear) to 53.99 TWD (bull), the price of 429.50 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 62/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Browave reported revenue of 2.2B TWD in FY2025 versus 2.3B TWD in FY2021, a compound −0.8%/yr. Reported net income was 501M TWD in FY2025, compounding +57.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 51.3B TWD (≈ $1.6B) Small · P/E ratio 51.6 · P/S ratio 21.3 · EPS (TTM) 8.33 TWD · Dividend yield 0.3% · Net margin 32.7% · Return on equity 27.0% · Return on assets (EBIT) 6.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 61% below its 52-week high and 132% 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 −90%, 3163 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (11.31 TWD to 146.13 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear35.28 TWDFair Value 43.04 TWDBull53.99 TWD
Price 429.50 TWD · Downside -90.0%
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 (5.81 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.30/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+14.6%
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.
−11.5%
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.
−6.3%
Start year 2020 (pandemic)
Revenue growth 8 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.
+0.0%
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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.
+25.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.8%
Dividend (yield on the price)0.3%
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% → 5%
⚠ Revenue per share shrinking 4.0%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−90.0% · Bottom 25%
Profitability
Return on equity (12 months)27.0% · Top 25%
Return on assets12.7% · Top 25%
Net margin (12 months)32.7% · Top 25%
Operating margin (12 months)1.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)9.9% · Below median
Dividend yield (12 months)0.3% · Bottom 25%
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/E (12 months)51.6× · Pricier than median
P/B16.69× · Priciest 25%
P/S (12 months)21.27× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)50· sector 57
PAST (return on equity)100· sector 20
HEALTH (low debt)100· sector 98
DIVIDEND (yield)7· sector 25
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Browave Fair Value". https://www.fairvalue-calculator.com/stock/3163
Frequently asked questions
Is Browave (3163) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 43.04 TWD versus a price of 429.50 TWD, about 90% lower (overvalued).
What is the fair value of 3163?
Our model-based fair value for Browave is 43.04 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 429.50 TWD.
What is the quality score of 3163?
Browave has a Quality Score of 62/100. 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 Browave (3163)?
Our model-based price target is the fair value of 43.04 TWD (as of Nov 6, 2026) from 15 valuation models. Cautious scenario 35.28 TWD, optimistic scenario 53.99 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Browave stock forecast for 2026?
Our models put fair value at 43.04 TWD, about 90% lower versus a price of 429.50 TWD (overvalued). Cautious scenario 35.28 TWD, optimistic scenario 53.99 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Browave (3163)?
Browave reported trailing-twelve-month revenue of about 2.4B TWD (latest available figure, as of Nov 6, 2026).
Does Browave pay a dividend?
Browave currently shows a dividend yield of 0.35% relative to its recent price (as of Nov 6, 2026).
What is the intrinsic value of Browave (3163)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Browave it is 43.04 TWD per share (as of Nov 6, 2026), against a price of 429.50 TWD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Browave stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 3163 trades above its calculated fair value: price 429.50 TWD, fair value 43.04 TWD, a gap of about −90% (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 3163?
No. The price is what the market pays today (429.50 TWD); the fair value is what the company's own numbers justify (43.04 TWD). For Browave the two are 386.46 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Browave worth?
The market values Browave at about 51.3B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 429.50 TWD; our models calculate a fair value of 43.04 TWD per share.
What do the bullish and bearish scenarios say about 3163?
Our models span a range for Browave: cautious scenario 35.28 TWD, base 43.04 TWD, optimistic 53.99 TWD per share (as of Nov 6, 2026, price 429.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3163?
Browave trades at a price-to-earnings ratio of 51.6 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 43.04 TWD is built from several models across several years. Other multiples: P/B 16.7, P/S 21.3.
How solid is the balance sheet of Browave (3163)?
Balance-sheet figures for Browave (as of Nov 6, 2026): return on equity 27.0%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 3163 from its 52-week high?
Browave trades at 429.50 TWD, about 61% below its 52-week high of 1,099 TWD and 132% above the low of 185.02 TWD (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 43.04 TWD is for.
Which stocks are comparable to Browave?
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 Browave stock attractive at the current price?
The data as of Nov 6, 2026: price 429.50 TWD, calculated fair value 43.04 TWD (−90%), Quality Score 62/100, from 15 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 3163 calculated?
We run Browave through 15 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 43.04 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. Browave 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 Browave (3163)?
The closing price on Nov 5, 2026 was 429.50 TWD. Our model-based fair value is 43.04 TWD, about 90% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Browave right now?
The price sits above even our optimistic bull case (53.99 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Browave
How large is the market capitalisation of Browave (3163)?
The market capitalisation of Browave is 51.3B TWD (≈ $1.6B). 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 Browave (3163)?
The price-to-sales ratio of Browave is 21.3 (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 Browave (3163)?
Earnings per share at Browave are 8.33 TWD (price ÷ EPS = P/E 51.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Browave (3163)?
The dividend yield of Browave is 0.3% (payout 17.9%). 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 Browave (3163)?
The net margin of Browave is 32.7% (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 Browave (3163)?
The return on equity (ROE) of Browave is 27.0% (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 Browave (3163)?
On an EBIT basis the return on assets of Browave is 6.2% (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 Browave (3163)?
The operating margin of Browave is 1.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Browave (3163)?
Revenue at Browave is growing +9.9% versus a year earlier (3y avg −11.5%). 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 Browave (3163)?
Earnings per share at Browave are growing +395% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Browave (3163) generate?
The free cash flow of Browave is −376K TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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Thin data
Nov 6, 2026