New Era Electronics Co Ltd (4909) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of New Era Electronics Co Ltd stock TWD 83.46, price TWD 29.30, upside +184.8%, quality 59 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 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 10, 2026.
How to read this chart
60‑month range 13.47 TWD – 179.76 TWD · fair‑value band 56.43 TWD – 93.40 TWD · the 29.30 TWD price screens below the 83.46 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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New Era Electronics Co., Ltd engages in the design, manufacture, assembly, and sale of printed circuit boards (PCBs) in Taiwan and internationally.
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The company offers microwave RF PCBs for use in base station antenna, low noise block, and telecom equipment; heavy copper, metal core bonding, and high thermal conductivity which are used in work station power supply, base station transceivers, server accessories, remote radio head, and small cells; and FR-4 PCBs for use in computer accessories, and communication and telecom equipment.
It also offers mixed dielectric PCBs for telecom equipment, power amplifiers, VSAT transceivers, and remote radio heads; and RF automobile PCBs for use in blind spot detection, lane departure warning, emergency braking, ADAS systems, and forward and rear collision warning.
New Era Electronics Co., Ltd was incorporated in 1984 and is based in Taoyuan City, Taiwan.
Stock analysis
New Era Electronics Co Ltd (4909) currently trades at 29.30 TWD, while our model-based Fair Value estimate is 83.46 TWD, implying the stock looks roughly 65% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 106.73 TWD per share, and 4 of the 6 models we run sit above the 29.30 TWD price.
Bear case: the Multiples group reads lowest at 23.17 TWD, and 2 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 56.43 TWD (bear) to 93.40 TWD (bull), the price of 29.30 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 59/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
New Era Electronics Co Ltd reported revenue of 297M TWD in FY2025 versus 673M TWD in FY2021, a compound −18.5%/yr. Reported net income was −117M TWD in FY2025.
Key figures
Market cap 2.7B TWD (≈ $83.5M) Micro · P/E ratio 39.1 · P/S ratio 11.9 · EPS (TTM) 0.7500 TWD · Net margin 30.1% · Return on equity 2.8% · Return on assets (EBIT) 2.4% (5-year average) · Operating margin −57.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 58% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at 185%, 4909 screens cheaper than that median.
Fair Value models
Bear56.43 TWDFair Value 83.46 TWDBull93.40 TWD
Price 29.30 TWD · Upside +184.8%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.6452 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−89.3%
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.
−15.7%
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.
−15.3%
Start year 2020 (pandemic). Over 10 years: −15.5% a year
Revenue growth 10 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.
−15.5%
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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.
−8.9% (2020) → −34.3% (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
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−32.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −33.4% a year for the price.
Compare New Era Electronics Co Ltd with another stock
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 · 654 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+184.8% · Top 25%
Profitability
Return on equity (12 months)2.8% · Below median
Return on assets−4.3% · Bottom 25%
Net margin (12 months)30.1% · Top 25%
Operating margin (12 months)−57.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)0.5% · Below median
Dividend yield (12 months)17.0% · Top 25%
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). "New Era Electronics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/4909
Frequently asked questions
Is New Era Electronics Co Ltd (4909) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of 83.46 TWD versus a price of 29.30 TWD, about +185% upside (undervalued).
What is the fair value of 4909?
Our model-based fair value for New Era Electronics Co Ltd is 83.46 TWD (as of Nov 10, 2026), built from audited fundamentals. The current price: 29.30 TWD.
What is the quality score of 4909?
New Era Electronics Co Ltd has a Quality Score of 59/100. 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 New Era Electronics Co Ltd (4909)?
Our model-based price target is the fair value of 83.46 TWD (as of Nov 10, 2026) from 6 valuation models. Cautious scenario 56.43 TWD, optimistic scenario 93.40 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the New Era Electronics Co Ltd stock forecast for 2026?
Our models put fair value at 83.46 TWD, about +185% upside versus a price of 29.30 TWD (undervalued). Cautious scenario 56.43 TWD, optimistic scenario 93.40 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of New Era Electronics Co Ltd (4909)?
New Era Electronics Co Ltd reported trailing-twelve-month revenue of about 230M TWD (latest available figure, as of Nov 10, 2026).
What growth is priced into New Era Electronics Co Ltd (4909)?
For today's price to be fair in a discounted-cash-flow model, New Era Electronics Co Ltd would have to grow free cash flow by -32.3 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -15.3 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of 4909 use?
Our models discount New Era Electronics Co Ltd at 13.1 %: a base by market capitalisation (micro), damped by beta 0.93, 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 New Era Electronics Co Ltd that is -32.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has New Era Electronics Co Ltd (4909) delivered so far?
Over the past 5 years revenue at New Era Electronics Co Ltd grew -15.3 % a year. The price currently implies free-cash-flow growth of -32.3 % 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 New Era Electronics Co Ltd (4909) growing?
The median revenue growth in the sector is +11.4 % a year. That is the yardstick for the growth priced into New Era Electronics Co Ltd (-32.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of New Era Electronics Co Ltd (4909)?
The free-cash-flow yield on the price is 19.74 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow New Era Electronics Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of New Era Electronics Co Ltd (4909)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For New Era Electronics Co Ltd it is 83.46 TWD per share (as of Nov 10, 2026), against a price of 29.30 TWD. It is the blended result of 6 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is New Era Electronics Co Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 4909 trades below its calculated fair value: price 29.30 TWD, fair value 83.46 TWD, a gap of about +185% (undervalued). 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 4909?
No. The price is what the market pays today (29.30 TWD); the fair value is what the company's own numbers justify (83.46 TWD). For New Era Electronics Co Ltd the two are 54.16 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is New Era Electronics Co Ltd worth?
The market values New Era Electronics Co Ltd at about 2.7B TWD (market capitalisation, as of Nov 10, 2026). Per share that is 29.30 TWD; our models calculate a fair value of 83.46 TWD per share.
What do the bullish and bearish scenarios say about 4909?
Our models span a range for New Era Electronics Co Ltd: cautious scenario 56.43 TWD, base 83.46 TWD, optimistic 93.40 TWD per share (as of Nov 10, 2026, price 29.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4909?
New Era Electronics Co Ltd trades at a price-to-earnings ratio of 39.1 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 83.46 TWD is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2017 to 2024), reported earnings: 48.7. Other multiples: P/B 1.1, P/S 11.9.
How solid is the balance sheet of New Era Electronics Co Ltd (4909)?
Balance-sheet figures for New Era Electronics Co Ltd (as of Nov 10, 2026): return on equity 2.8%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 4909 from its 52-week high?
New Era Electronics Co Ltd trades at 29.30 TWD, about 58% below its 52-week high of 69.80 TWD and 6% above the low of 27.55 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 83.46 TWD is for.
Which stocks are comparable to New Era Electronics 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 New Era Electronics Co Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price 29.30 TWD, calculated fair value 83.46 TWD (+185%), Quality Score 59/100, from 6 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 4909 calculated?
We run New Era Electronics Co Ltd through 6 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 83.46 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 13.7% above its aggregate fair value. New Era Electronics Co Ltd currently trades 65% 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 New Era Electronics Co Ltd (4909)?
The closing price on Nov 9, 2026 was 29.30 TWD. Our model-based fair value is 83.46 TWD, about +185% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with New Era Electronics Co Ltd right now?
The price is below even our cautious bear case (56.43 TWD). The market is more pessimistic than our downside scenario. 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 quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of New Era Electronics Co Ltd
How large is the market capitalisation of New Era Electronics Co Ltd (4909)?
The market capitalisation of New Era Electronics Co Ltd is 2.7B TWD (≈ $83.5M). 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 New Era Electronics Co Ltd (4909)?
The price-to-sales ratio of New Era Electronics Co Ltd is 11.9 (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 New Era Electronics Co Ltd (4909)?
Earnings per share at New Era Electronics Co Ltd are 0.7500 TWD (price ÷ EPS = P/E 39.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of New Era Electronics Co Ltd (4909)?
The net margin of New Era Electronics Co Ltd is 30.1% (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 New Era Electronics Co Ltd (4909)?
The return on equity (ROE) of New Era Electronics Co Ltd is 2.8% (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 New Era Electronics Co Ltd (4909)?
On an EBIT basis the return on assets of New Era Electronics Co Ltd is 2.4% (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 New Era Electronics Co Ltd (4909)?
The operating margin of New Era Electronics Co Ltd is −57.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at New Era Electronics Co Ltd (4909)?
Revenue at New Era Electronics Co Ltd is growing +0.5% versus a year earlier (3y avg −15.7%). 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 New Era Electronics Co Ltd (4909)?
Earnings per share at New Era Electronics Co Ltd are growing +15.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does New Era Electronics Co Ltd (4909) hold?
New Era Electronics Co Ltd holds more cash than debt, 680M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 10, 2026