TPK Holding Co Ltd (3673) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of TPK Holding Co Ltd stock TWD 63.11, price TWD 57.00, upside +10.7%, quality 61 out of 100. Rating: fairly valued. 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 26.05 TWD – 94.00 TWD · fair‑value band 62.48 TWD – 65.82 TWD · the 57.00 TWD price screens below the 63.11 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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TPK Holding Co., Ltd., together with its subsidiaries, develops, manufactures, and sells touch modules and displays, and indium tin oxide glass-related products in Taiwan, rest of Asia, the United States, Europe, and internationally.
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The company also offers protective glass covers and full lamination services; touch/display solutions for tablets/notebooks, intelligent electronic whiteboards, smart wearables, intelligent industrial control for medical equipment, touch pad with tactile feedback, and foldable touch displays; additives, motion capture gloves, energy storage system storage and charging facilities, electric off-road vehicles, and lidar technologies; and detection analysis services.
In addition, it provides resin products, electrical equipment, electronic materials, protective films, optical adhesives, and optoelectronic components, as well as international trade, testing, and inspection services; engages in solar energy system development and equipment trade, maintenance, installation, and management services; and sells electric utility vehicles.
The company serves consumer electronics, commercial offices, retail terminals, transportation, medical equipment, industrial control equipment, sports and health, and smart homes markets. TPK Holding Co., Ltd. was incorporated in 1994 and is headquartered in Taipei, Taiwan.
Stock analysis
TPK Holding Co Ltd (3673) currently trades at 57.00 TWD, while our model-based Fair Value estimate is 63.11 TWD, so the stock looks roughly fairly valued today (gap 9.7%).
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Valuation
Bull case: the DCF Models group reads highest at a median of 145.98 TWD per share, and 16 of the 24 models we run sit above the 57.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 6.61 TWD, and 8 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 62.48 TWD (bear) to 65.82 TWD (bull), the price of 57.00 TWD sits below 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 61/100 (solid quality), in the Technology sector.
Mixed Growth: Spin-off in 2012: revenue and profit before it include the divested business. Growth is measured afresh from 2012.
TPK Holding Co Ltd reported revenue of 62.8B TWD in FY2025 versus 103B TWD in FY2021, a compound −11.6%/yr. Reported net income was 1.1B TWD in FY2025, compounding +0.9%/yr from FY2021.
Key figures
Market cap 23.7B TWD (≈ $724M) Small · P/E ratio 12.4 · P/S ratio 0.35 · EPS (TTM) 4.58 TWD · Dividend yield 3.2% · Net margin 2.8% · Return on equity 3.8% · Return on assets (EBIT) 1.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 50% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 11%, 3673 screens cheaper than that median.
Fair Value models
Bear62.48 TWDFair Value 63.11 TWDBull65.82 TWD
Price 57.00 TWD · Upside +10.7%
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 (2.38 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 2012: revenue and profit before it include the divested business. Growth is measured afresh from 2012.
Revenue growth 1 year
−8.8%
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.
−13.5%
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.
−11.3%
Start year 2020 (pandemic). Over 10 years: −6.4% a year
Revenue growth 13 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.
−7.5%
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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.
−3.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.7%
Dividend (yield on the price)3.2%
Per share before 2012divided by the spin-off factor 1.2959
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.base effect: 1.3% / 12.5%
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.2% → 1%
2025 sits 133% 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)
⚠ Revenue per share shrinking 8.0%/yr over ~10Y (margins eroding too) ⓘ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.
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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.Electronic Components · 651 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+10.7% · Above median
Profitability
Return on equity (12 months)3.8% · Below median
Return on assets1.3% · Below median
Net margin (12 months)2.8% · Below median
Operating margin (12 months)−2.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)3.3% · Below median
Dividend yield (12 months)3.2% · Top 25%
Balance sheet
Debt / equity0.22× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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). "TPK Holding Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3673
Frequently asked questions
Is TPK Holding Co Ltd (3673) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 63.11 TWD versus a price of 57.00 TWD, about +11% upside (fairly valued).
What is the fair value of 3673?
Our model-based fair value for TPK Holding Co Ltd is 63.11 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 57.00 TWD.
What is the quality score of 3673?
TPK Holding Co Ltd has a Quality Score of 61/100. 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 TPK Holding Co Ltd (3673)?
Our model-based price target is the fair value of 63.11 TWD (as of Nov 7, 2026) from 24 valuation models. Cautious scenario 62.48 TWD, optimistic scenario 65.82 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the TPK Holding Co Ltd stock forecast for 2026?
Our models put fair value at 63.11 TWD, about +11% upside versus a price of 57.00 TWD (fairly valued). Cautious scenario 62.48 TWD, optimistic scenario 65.82 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of TPK Holding Co Ltd (3673)?
TPK Holding Co Ltd reported trailing-twelve-month revenue of about 67.6B TWD (latest available figure, as of Nov 7, 2026).
Does TPK Holding Co Ltd pay a dividend?
TPK Holding Co Ltd currently shows a dividend yield of 3.16% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of TPK Holding Co Ltd (3673) and when is the ex-dividend date?
TPK Holding Co Ltd pays a dividend of 1.80 TWD per share a year, a dividend yield of 3.2%. The last ex-dividend date was Jul 16, 2026. The payout ratio is 39.3% of earnings. Free cash flow covers the dividend 5.65 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 TPK Holding Co Ltd (3673)?
For today's price to be fair in a discounted-cash-flow model, TPK Holding Co Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -11.3 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 3673 use?
Our models discount TPK Holding Co Ltd at 11.7 %: a base by market capitalisation (small), damped by beta 0.98, 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 TPK Holding Co Ltd that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has TPK Holding Co Ltd (3673) delivered so far?
Over the past 5 years revenue at TPK Holding Co Ltd grew -11.3 % a year. The price currently implies free-cash-flow growth of less than minus 40 % 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 TPK Holding Co Ltd (3673) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into TPK Holding Co Ltd (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TPK Holding Co Ltd (3673)?
The free-cash-flow yield on the price is 22.71 %: that much free cash flow TPK Holding Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TPK Holding Co Ltd (3673)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TPK Holding Co Ltd it is 63.11 TWD per share (as of Nov 7, 2026), against a price of 57.00 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 TPK Holding Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 3673 trades below its calculated fair value: price 57.00 TWD, fair value 63.11 TWD, a gap of about +11% (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 3673?
No. The price is what the market pays today (57.00 TWD); the fair value is what the company's own numbers justify (63.11 TWD). For TPK Holding Co Ltd the two are 6.11 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is TPK Holding Co Ltd worth?
The market values TPK Holding Co Ltd at about 23.7B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 57.00 TWD; our models calculate a fair value of 63.11 TWD per share.
What do the bullish and bearish scenarios say about 3673?
Our models span a range for TPK Holding Co Ltd: cautious scenario 62.48 TWD, base 63.11 TWD, optimistic 65.82 TWD per share (as of Nov 7, 2026, price 57.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3673?
TPK Holding Co Ltd trades at a price-to-earnings ratio of 12.4 (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 63.11 TWD is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 22.0. Other multiples: PEG 0.8, P/B 0.6, P/S 0.4.
What is the PEG ratio of 3673?
The PEG ratio of TPK Holding Co Ltd is 0.75 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of TPK Holding Co Ltd (3673)?
Balance-sheet figures for TPK Holding Co Ltd (as of Nov 7, 2026): return on equity 3.8%, debt of 0.22 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 3673 from its 52-week high?
TPK Holding Co Ltd trades at 57.00 TWD, about 39% below its 52-week high of 94.00 TWD and 50% above the low of 37.90 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 63.11 TWD is for.
Which stocks are comparable to TPK Holding 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 TPK Holding Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 57.00 TWD, calculated fair value 63.11 TWD (+11%), Quality Score 61/100, 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 3673 calculated?
We run TPK Holding 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 63.11 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 13.0% above its aggregate fair value. TPK Holding Co Ltd currently trades 10% 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 TPK Holding Co Ltd (3673)?
The closing price on Nov 6, 2026 was 57.00 TWD. Our model-based fair value is 63.11 TWD, about +11% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TPK Holding Co Ltd right now?
The price is below even our cautious bear case (62.48 TWD). The market is more pessimistic than our downside scenario. The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (62.48 TWD to 65.82 TWD), unusually little disagreement for a valuation.
Key figures of TPK Holding Co Ltd
How large is the market capitalisation of TPK Holding Co Ltd (3673)?
The market capitalisation of TPK Holding Co Ltd is 23.7B TWD (≈ $724M). 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 TPK Holding Co Ltd (3673)?
The price-to-sales ratio of TPK Holding Co Ltd is 0.35 (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 TPK Holding Co Ltd (3673)?
Earnings per share at TPK Holding Co Ltd are 4.58 TWD (price ÷ EPS = P/E 12.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TPK Holding Co Ltd (3673)?
The dividend yield of TPK Holding Co Ltd is 3.2% (payout 39.3%). 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 TPK Holding Co Ltd (3673)?
The net margin of TPK Holding Co Ltd is 2.8% (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 TPK Holding Co Ltd (3673)?
The return on equity (ROE) of TPK Holding Co Ltd is 3.8% (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 TPK Holding Co Ltd (3673)?
On an EBIT basis the return on assets of TPK Holding Co Ltd is 1.1% (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 TPK Holding Co Ltd (3673)?
The operating margin of TPK Holding Co Ltd is −2.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TPK Holding Co Ltd (3673)?
Revenue at TPK Holding Co Ltd is growing +3.3% versus a year earlier (3y avg −13.5%). 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 TPK Holding Co Ltd (3673)?
Earnings per share at TPK Holding Co Ltd are growing +87.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does TPK Holding Co Ltd (3673) hold?
TPK Holding Co Ltd holds more cash than debt, 4.2B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 7, 2026