Pegatron Corp (4938) fair value: what the stock is really worth
As of Nov 2, 2026: fair value (intrinsic value) of Pegatron Corp stock TWD 42.89, price TWD 103, that is 58.2% below the price, quality 43 out of 100. Rating: strongly overvalued. Calculated from audited financials with 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 1, 2026.
How to read this chart
60‑month range 52.20 TWD – 120.00 TWD · fair‑value band 40.56 TWD – 48.34 TWD · the 102.50 TWD price screens above the 42.89 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 1, 2026.
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Pegatron Corporation, together with its subsidiaries, designs, develops, manufactures, and sells computer, communication, and consumer electronic products in Europe, the United States, Taiwan, China, Japan, and internationally.
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The company offers notebooks, desktops, PCs, motherboards, rugged computers, and servers; tablets and game consoles; and smartphones, cable modems, set-top boxes, and network switches.
It also provides automotive products; and smart electronics, including Internet of Things products, wearable devices, robots, virtual reality, and augmented reality products. In addition, the company offers after-sales services.
Pegatron Corporation was incorporated in 2007 and is headquartered in Taipei, Taiwan.
Stock analysis
Pegatron Corp (4938) currently trades at 102.50 TWD, while our model-based Fair Value estimate is 42.89 TWD, 58.2% 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 112.95 TWD per share, and 4 of the 15 models we run sit above the 102.50 TWD price.
Bear case: the Asset-Based group reads lowest at 28.80 TWD, and 11 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 40.56 TWD (bear) to 48.34 TWD (bull), the price of 102.50 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 43/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Pegatron Corp reported revenue of 1.1T TWD in FY2025 versus 1.3T TWD in FY2021, a compound −3.0%/yr. Reported net income was 14.4B TWD in FY2025, compounding −8.5%/yr from FY2021.
Key figures
Market cap 386B TWD (≈ $11.8B) Large · P/E ratio 17.5 · P/S ratio 0.25 · EPS (TTM) 5.87 TWD · Dividend yield 3.9% · Net margin 1.5% · Return on equity 9.0% · Return on assets (EBIT) 2.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 50% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −4% fair-value upside, at −58%, 4938 screens richer than that median.
Fair Value models
Bear40.56 TWDFair Value 42.89 TWDBull48.34 TWD
Price 102.50 TWD · Downside -58.2%
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 (1.57 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.
Best data coverage
Owner Earnings42.35 TWD46.34 TWD53.81 TWD77
Residual Income63.48 TWD67.02 TWD73.26 TWD76
EPV47.72 TWD50.46 TWD52.86 TWD73
All 15 models by family
DCF Models
Owner Earnings42.35 TWD46.34 TWD53.81 TWD77
Earnings-Based
Graham-Dodd36.60 TWD63.37 TWD77.58 TWD67
EPV47.72 TWD50.46 TWD52.86 TWD73
Dividend Discount
Gordon GGM36.74 TWD46.65 TWD56.87 TWD69
DDM Multi-Stage36.74 TWD49.71 TWD65.54 TWD67
Multiples
P/E Multiple113.04 TWD150.72 TWD188.40 TWD63
P/S Multiple68.63 TWD91.51 TWD114.38 TWD57
P/B Multiple347.94 TWD463.92 TWD579.90 TWD55
EV/EBIT75.27 TWD95.97 TWD116.68 TWD65
EV/EBITDA118.85 TWD154.08 TWD189.31 TWD67
EV/Revenue44.56 TWD58.02 TWD71.48 TWD53
Asset-Based
NCAV (Graham)19.01 TWD28.80 TWD36.00 TWD54
Economic Profit
Residual Income63.48 TWD67.02 TWD73.26 TWD76
ROIC Compounder47.72 TWD50.46 TWD52.86 TWD71
Growth Earnings
Growth-Adj P/E79.07 TWD112.95 TWD146.84 TWD67
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−0.7%
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.
−5.4%
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.
−4.4%
Start year 2020 (pandemic). Over 10 years: −0.8% a year
Revenue growth 17 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.
+4.7%
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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.
−7.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.9%
Dividend (yield on the price)3.9%
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.−10.9% vs −5.3%, 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.1% → 1%
News mood ⓘNews mood, the average tone of recent news (94 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Very negative
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.Computer Hardware · 213 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside−58.2% · Below median
Profitability
Return on equity (12 months)9.0% · Above median
Return on assets2.9% · Below median
Net margin (12 months)1.8% · Below median
Operating margin (12 months)1.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)2.7% · Below median
Dividend yield (12 months)3.9% · Above median
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (12 months)17.5× · Cheaper than median
P/B1.86× · Cheaper than median
P/S (12 months)0.44× · Cheapest 25%
EV/EBITDA12.0× · Pricier than median
PEG2.01× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)14· sector 72
PAST (return on equity)36· sector 33
HEALTH (low debt)97· sector 97
DIVIDEND (yield)78· sector 46
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). "Pegatron Corp Fair Value". https://www.fairvalue-calculator.com/stock/4938
Frequently asked questions
Is Pegatron Corp (4938) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of 42.89 TWD versus a price of 102.50 TWD, about 58% lower (overvalued).
What is the fair value of 4938?
Our model-based fair value for Pegatron Corp is 42.89 TWD (as of Nov 1, 2026), built from audited fundamentals. The current price: 102.50 TWD.
What is the quality score of 4938?
Pegatron Corp has a Quality Score of 43/100. 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 Pegatron Corp (4938)?
Our model-based price target is the fair value of 42.89 TWD (as of Nov 1, 2026) from 15 valuation models. Cautious scenario 40.56 TWD, optimistic scenario 48.34 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Pegatron Corp stock forecast for 2026?
Our models put fair value at 42.89 TWD, about 58% lower versus a price of 102.50 TWD (overvalued). Cautious scenario 40.56 TWD, optimistic scenario 48.34 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Pegatron Corp (4938)?
Pegatron Corp reported trailing-twelve-month revenue of about 1.1T TWD (latest available figure, as of Nov 1, 2026).
Does Pegatron Corp pay a dividend?
Pegatron Corp currently shows a dividend yield of 3.90% relative to its recent price (as of Nov 1, 2026).
What is the intrinsic value of Pegatron Corp (4938)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pegatron Corp it is 42.89 TWD per share (as of Nov 1, 2026), against a price of 102.50 TWD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Pegatron Corp stock overvalued or undervalued in 2026?
As of Nov 1, 2026, 4938 trades above its calculated fair value: price 102.50 TWD, fair value 42.89 TWD, a gap of about −58% (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 4938?
No. The price is what the market pays today (102.50 TWD); the fair value is what the company's own numbers justify (42.89 TWD). For Pegatron Corp the two are 59.61 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Pegatron Corp worth?
The market values Pegatron Corp at about 386B TWD (market capitalisation, as of Nov 1, 2026). Per share that is 102.50 TWD; our models calculate a fair value of 42.89 TWD per share.
What do the bullish and bearish scenarios say about 4938?
Our models span a range for Pegatron Corp: cautious scenario 40.56 TWD, base 42.89 TWD, optimistic 48.34 TWD per share (as of Nov 1, 2026, price 102.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4938?
Pegatron Corp trades at a price-to-earnings ratio of 17.5 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 42.89 TWD is built from several models across several years. Other multiples: PEG 2.0, P/B 1.9, P/S 0.4, EV/EBITDA 12.0.
What is the PEG ratio of 4938?
The PEG ratio of Pegatron Corp is 2.01 (P/E divided by earnings growth, as of Nov 1, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Pegatron Corp (4938)?
Balance-sheet figures for Pegatron Corp (as of Nov 1, 2026): return on equity 9.0%, debt of 0.07 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 4938 from its 52-week high?
Pegatron Corp trades at 102.50 TWD, about 5% below its 52-week high of 108.00 TWD and 50% above the low of 68.30 TWD (as of Nov 2, 2026). Distance from the high says nothing about value: that is what the fair value of 42.89 TWD is for.
Which stocks are comparable to Pegatron Corp?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, Seagate Technology Holdings, 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 Pegatron Corp stock attractive at the current price?
The data as of Nov 1, 2026: price 102.50 TWD, calculated fair value 42.89 TWD (−58%), Quality Score 43/100, 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 4938 calculated?
We run Pegatron Corp 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 42.89 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 14.9 % above its aggregate fair value. Pegatron Corp 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 Pegatron Corp (4938)?
The closing price on Nov 2, 2026 was 102.50 TWD. Our model-based fair value is 42.89 TWD, about 58% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pegatron Corp right now?
The price sits above even our optimistic bull case (48.34 TWD). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Pegatron Corp (4938) come from?
Earnings per share at Pegatron Corp grew −3.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.2 %, EBIT margin −10.3 %, tax rate −0.3 %, residual (interest, one-offs) +8.9 %. 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 Pegatron Corp
How large is the market capitalisation of Pegatron Corp (4938)?
The market capitalisation of Pegatron Corp is 386B TWD (≈ $11.8B). 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 Pegatron Corp (4938)?
The price-to-sales ratio of Pegatron Corp is 0.25 (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 Pegatron Corp (4938)?
Earnings per share at Pegatron Corp are 5.87 TWD (price ÷ EPS = P/E 17.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Pegatron Corp (4938)?
The dividend yield of Pegatron Corp is 3.9% (payout 68.1%). 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 Pegatron Corp (4938)?
The net margin of Pegatron Corp is 1.5% (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 Pegatron Corp (4938)?
The return on equity (ROE) of Pegatron Corp is 9.0% (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 Pegatron Corp (4938)?
On an EBIT basis the return on assets of Pegatron Corp is 2.6% (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 Pegatron Corp (4938)?
The operating margin of Pegatron Corp is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pegatron Corp (4938)?
Revenue at Pegatron Corp is growing +2.7% versus a year earlier (3y avg −5.4%). 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 Pegatron Corp (4938)?
Earnings per share at Pegatron Corp are growing +14.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Pegatron Corp (4938) generate?
The free cash flow of Pegatron Corp is −2.3B 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 cash does Pegatron Corp (4938) hold?
Pegatron Corp holds more cash than debt, 44.3B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 1, 2026