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Ways Technical Ltd (3508) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Ways Technical Ltd stock TWD 3.26, price TWD 20.10, that is 83.8% below the price, quality 36 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials TW · ISIN TW0003508008

WT Ways Technical Ltd logo Thin data Nov 3, 2026

Ways Technical Ltd

3508 · TWO
Very expensive, weak quality

Our calculation puts a fair price 84% below what the stock costs today.

Moderate debt
Fair value 3.26 TWD · Strongly overvalued
Quality 36/100
Weak Growth (revenue 5y −2.4 %/yr in TWD)
Loss-making · -11.7% net margin (TTM)
Negative free cash flow
Trails peers (0/10)
Narrow moat 10/100 · thin data
Thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

70.70 TWD 14.85 TWD Fair Value 3.26 TWD Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range 14.85 TWD – 70.70 TWD · fair‑value band 2.43 TWD – 4.86 TWD · the 20.10 TWD price screens above the 3.26 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.

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Company profile

Ways Technical Corp., Ltd., together with its subsidiaries, manufactures and processes plastic daily necessities, surface treatment products, and electronic components in Taiwan, Mainland China, and internationally.

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The company offers tooling center, plastic and metal center, surface treatment center, assembly center, organic photovoltaics, energy storage solutions, and miniature supercapacitor services.

It also provides daily necessities, water purifier materials, industrial products, and coatings; mechanical equipment; nanomaterials; mobile phone panels, molds, plastic products, and hardware products; and bamboo-based components.

In addition, the company engages in research and experimental development activities. Ways Technical Corp., Ltd. was incorporated in 2001 and is based in Taoyuan City, Taiwan.

Stock analysis

Ways Technical Ltd (3508) currently trades at 20.10 TWD, while our model-based Fair Value estimate is 3.26 TWD, 84% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 90/100, which puts the data coverage at low.

Scenario range: 2.43 TWD (bear) to 4.86 TWD (bull), the price of 20.10 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 36/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Ways Technical Ltd reported revenue of 828M TWD in FY2025 versus 1.3B TWD in FY2021, a compound −11.2%/yr. Reported net income was −156M TWD in FY2025.

Key figures

Market cap 2.1B TWD (≈ $63.1M) Micro · P/S ratio 2.86 · EPS (TTM) −0.9300 TWD · Net margin −11.7% · Return on equity −22.5% · Return on assets (EBIT) −6.2% (5-year average) · Operating margin −15.0% · Revenue (TTM) 823M TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 62% below its 52-week high and 35% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −84%, 3508 screens richer than that median.

Fair Value models

Bear 2.43 TWD Fair Value 3.26 TWD Bull 4.86 TWD
Price 20.10 TWD · Downside -83.8%
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. 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.
Best data coverage
NCAV (Graham) 2.43 TWD 3.26 TWD 4.86 TWD 54
All 1 models by family
Asset-Based
NCAV (Graham) 2.43 TWD 3.26 TWD 4.86 TWD 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 36/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 4
How much profit the company makes from its sales and capital
Quality Growth 79
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 23
Debt, balance sheet and risk of trouble
Investment 96
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 44
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 14
Distance to the 52-week high, does not count
New shares 67
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+27.5%
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.
−11.8%
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.
−2.4%
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.
−5.5%
Profit margin (trend) ⓘ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.
−33.5% (2020) → −22.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

3508 screens overvalued: fair value 84% below the price. Compare with Linde plc →

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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.Specialty Chemicals · 728 stocks

Beats the industry median on 0/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 36 · Bottom 25%
Fair Value upside −83.8% · Bottom 25%
Profitability
Return on assets −5.9% · Bottom 25%
Net margin (12 months) −11.7% · Bottom 25%
Operating margin (12 months) −15.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −2.3% · Bottom 25%
Balance sheet
Debt / equity 1.04× · Highest 25%

Valuation Multiplesvs Specialty Chemicals median · lower = cheaper

P/B 4.13× · Priciest 25%
P/S (12 months) 2.52× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 67
PAST (return on equity)0 · sector 27
HEALTH (low debt)48 · sector 95
DIVIDEND (yield)0 · sector 31

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Nan Ya Plastics Corporation 1303 263.00 TWD 420.80 TWD +60% vs 3508
Wanhua Chemical Group 600309 ¥72.65 ¥68.03 −6% vs 3508
Linde plc LIN $515.25 $446.62 −13% vs 3508
PPG Industries, Inc PPG $122.38 $77.68 −37% vs 3508
DSM-Firmenich AG DSFIR CHF 100.50 CHF 57.70 −43% vs 3508
The Sherwin-Williams Company SHW $344.10 $146.37 −57% vs 3508
Givaudan SA GIVN CHF 4,054 CHF 1,554 −62% vs 3508
EMS-CHEMIE HOLDING AG EMSN CHF 848.50 CHF 284.63 −66% vs 3508
Ecolab Inc ECL $300.68 $96.56 −68% vs 3508
Air Products and Chemicals, Inc APD $304.84 $75.33 −75% vs 3508

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Ways Technical Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Ways Technical Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3508

Frequently asked questions

Is Ways Technical Ltd (3508) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 3.26 TWD versus a price of 20.10 TWD, about 84% lower (overvalued).
What is the fair value of 3508?
Our model-based fair value for Ways Technical Ltd is 3.26 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 20.10 TWD.
What is the quality score of 3508?
Ways Technical Ltd has a Quality Score of 36/100. 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 Ways Technical Ltd (3508)?
Our model-based price target is the fair value of 3.26 TWD (as of Nov 3, 2026) from 1 valuation models. Cautious scenario 2.43 TWD, optimistic scenario 4.86 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ways Technical Ltd stock forecast for 2026?
Our models put fair value at 3.26 TWD, about 84% lower versus a price of 20.10 TWD (overvalued). Cautious scenario 2.43 TWD, optimistic scenario 4.86 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ways Technical Ltd (3508)?
Ways Technical Ltd reported trailing-twelve-month revenue of about 823M TWD (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of Ways Technical Ltd (3508)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ways Technical Ltd it is 3.26 TWD per share (as of Nov 3, 2026), against a price of 20.10 TWD. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Ways Technical Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 3508 trades above its calculated fair value: price 20.10 TWD, fair value 3.26 TWD, a gap of about −84% (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 3508?
No. The price is what the market pays today (20.10 TWD); the fair value is what the company's own numbers justify (3.26 TWD). For Ways Technical Ltd the two are 16.84 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ways Technical Ltd worth?
The market values Ways Technical Ltd at about 2.1B TWD (market capitalisation, as of Nov 3, 2026). Per share that is 20.10 TWD; our models calculate a fair value of 3.26 TWD per share.
What do the bullish and bearish scenarios say about 3508?
Our models span a range for Ways Technical Ltd: cautious scenario 2.43 TWD, base 3.26 TWD, optimistic 4.86 TWD per share (as of Nov 3, 2026, price 20.10 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ways Technical Ltd (3508)?
Balance-sheet figures for Ways Technical Ltd (as of Nov 3, 2026): return on equity −22.5%, debt of 1.04 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 3508 from its 52-week high?
Ways Technical Ltd trades at 20.10 TWD, about 62% below its 52-week high of 52.30 TWD and 35% above the low of 14.85 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3.26 TWD is for.
Which stocks are comparable to Ways Technical Ltd?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, 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 Ways Technical Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price 20.10 TWD, calculated fair value 3.26 TWD (−84%), Quality Score 36/100, from 1 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 3508 calculated?
We run Ways Technical Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 3.26 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. Ways Technical 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 Ways Technical Ltd (3508)?
The closing price on Nov 6, 2026 was 20.10 TWD. Our model-based fair value is 3.26 TWD, about 84% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ways Technical Ltd right now?
The price sits above even our optimistic bull case (4.86 TWD). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (2.43 TWD to 4.86 TWD) leaves room in how you read the outcome.

Key figures of Ways Technical Ltd

How large is the market capitalisation of Ways Technical Ltd (3508)?
The market capitalisation of Ways Technical Ltd is 2.1B TWD (≈ $63.1M). 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 Ways Technical Ltd (3508)?
The price-to-sales ratio of Ways Technical Ltd is 2.86 (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 Ways Technical Ltd (3508)?
Earnings per share at Ways Technical Ltd are −0.9300 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ways Technical Ltd (3508)?
The net margin of Ways Technical Ltd is −11.7% (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 Ways Technical Ltd (3508)?
The return on equity (ROE) of Ways Technical Ltd is −22.5% (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 Ways Technical Ltd (3508)?
On an EBIT basis the return on assets of Ways Technical Ltd 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 Ways Technical Ltd (3508)?
The operating margin of Ways Technical Ltd is −15.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ways Technical Ltd (3508)?
Revenue at Ways Technical Ltd is growing −2.3% versus a year earlier (3y avg −11.8%). 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 Ways Technical Ltd (3508)?
Earnings per share at Ways Technical Ltd are growing +113% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ways Technical Ltd (3508) generate?
The free cash flow of Ways Technical Ltd is −101M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ways Technical Ltd (3508) carry?
The net debt of Ways Technical Ltd is 350M TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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