APCB Inc (6108) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of APCB Inc stock TWD 35.45, price TWD 29.55, upside +20.0%, quality 48 out of 100. Rating: 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 8, 2026.
How to read this chart
60‑month range 12.65 TWD – 34.00 TWD · fair‑value band 34.49 TWD – 37.05 TWD · the 29.55 TWD price screens below the 35.45 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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APCB Inc., together with its subsidiaries, manufactures, processes, and sells printed circuit boards (PCB) in Taiwan, China, Thailand, South Korea, Vietnam, and internationally. The company offers double-sided, multi-layer, and flexible PCBs, as well as other related products.
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It also engages in trading and investment businesses. APCB Inc. was founded in 1970 and is based in New Taipei City, Taiwan.
Stock analysis
APCB Inc (6108) currently trades at 29.55 TWD, while our model-based Fair Value estimate is 35.45 TWD, implying the stock looks roughly 17% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 37.19 TWD per share, and 4 of the 6 models we run sit above the 29.55 TWD price.
Bear case: the Multiples group reads lowest at 14.48 TWD, and 2 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: 34.49 TWD (bear) to 37.05 TWD (bull), the price of 29.55 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 48/100 (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.
APCB Inc reported revenue of 4.2B TWD in FY2025 versus 9.1B TWD in FY2021, a compound −17.7%/yr. Reported net income was −139M TWD in FY2025.
Key figures
Market cap 4.6B TWD (≈ $140M) Micro · P/E ratio 147.8 · P/S ratio 0.99 · EPS (TTM) 0.2000 TWD · Dividend yield 3.4% · Net margin 0.7% · Return on equity 1.0% · Return on assets (EBIT) −1.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (medium confidence).
What moves the price
The share trades about 13% below its 52-week high and 134% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 20%, 6108 screens cheaper than that median.
Fair Value models
Bear34.49 TWDFair Value 35.45 TWDBull37.05 TWD
Price 29.55 TWD · Upside +20.0%
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.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.32/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−18.0%
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.
−15.6%
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.
−12.9%
Start year 2020 (pandemic). Over 10 years: −6.1% a year
Revenue growth 23 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.
+4.6%
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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.
2.8% (2020) → −8.7% (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
A lot of optimism in the price
The price assumes more 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).
+43.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +41.5% a year for the price.
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 · 653 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+20.0% · Top 25%
Profitability
Return on equity (12 months)1.0% · Bottom 25%
Return on assets−2.1% · Bottom 25%
Net margin (12 months)0.7% · Bottom 25%
Operating margin (12 months)−0.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)38.0% · Top 25%
Dividend yield (12 months)3.4% · 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). "APCB Inc Fair Value". https://www.fairvalue-calculator.com/stock/6108
Frequently asked questions
Is APCB Inc (6108) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 35.45 TWD versus a price of 29.55 TWD, about +20% upside (undervalued).
What is the fair value of 6108?
Our model-based fair value for APCB Inc is 35.45 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 29.55 TWD.
What is the quality score of 6108?
APCB Inc has a Quality Score of 48/100. 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 APCB Inc (6108)?
Our model-based price target is the fair value of 35.45 TWD (as of Nov 8, 2026) from 6 valuation models. Cautious scenario 34.49 TWD, optimistic scenario 37.05 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the APCB Inc stock forecast for 2026?
Our models put fair value at 35.45 TWD, about +20% upside versus a price of 29.55 TWD (undervalued). Cautious scenario 34.49 TWD, optimistic scenario 37.05 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of APCB Inc (6108)?
APCB Inc reported trailing-twelve-month revenue of about 4.6B TWD (latest available figure, as of Nov 8, 2026).
Does APCB Inc pay a dividend?
APCB Inc currently shows a dividend yield of 3.38% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of APCB Inc (6108) and when is the ex-dividend date?
APCB Inc pays a dividend of 1.00 TWD per share a year, a dividend yield of 3.4%. The next ex-dividend date is Dec 10, 2026. Free cash flow covers the dividend 0.35 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What growth is priced into APCB Inc (6108)?
For today's price to be fair in a discounted-cash-flow model, APCB Inc would have to grow free cash flow by +43.7 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -12.9 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 6108 use?
Our models discount APCB Inc at 11.8 %: a base by market capitalisation (micro), damped by beta 0.43, 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 APCB Inc that is +43.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has APCB Inc (6108) delivered so far?
Over the past 5 years revenue at APCB Inc grew -12.9 % a year. The price currently implies free-cash-flow growth of +43.7 % 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 APCB Inc (6108) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into APCB Inc (+43.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of APCB Inc (6108)?
The free-cash-flow yield on the price is 0.81 %: that much free cash flow APCB Inc produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of APCB Inc (6108)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For APCB Inc it is 35.45 TWD per share (as of Nov 8, 2026), against a price of 29.55 TWD. It is the blended result of 6 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is APCB Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 6108 trades below its calculated fair value: price 29.55 TWD, fair value 35.45 TWD, a gap of about +20% (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 6108?
No. The price is what the market pays today (29.55 TWD); the fair value is what the company's own numbers justify (35.45 TWD). For APCB Inc the two are 5.90 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is APCB Inc worth?
The market values APCB Inc at about 4.6B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 29.55 TWD; our models calculate a fair value of 35.45 TWD per share.
What do the bullish and bearish scenarios say about 6108?
Our models span a range for APCB Inc: cautious scenario 34.49 TWD, base 35.45 TWD, optimistic 37.05 TWD per share (as of Nov 8, 2026, price 29.55 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6108?
APCB Inc trades at a price-to-earnings ratio of 147.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 35.45 TWD is built from several models across several years. Other multiples: P/B 1.4, P/S 1.0.
How solid is the balance sheet of APCB Inc (6108)?
Balance-sheet figures for APCB Inc (as of Nov 8, 2026): return on equity 1.0%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 6108 from its 52-week high?
APCB Inc trades at 29.55 TWD, about 13% below its 52-week high of 34.00 TWD and 134% above the low of 12.65 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 35.45 TWD is for.
Which stocks are comparable to APCB Inc?
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 APCB Inc stock attractive at the current price?
The data as of Nov 8, 2026: price 29.55 TWD, calculated fair value 35.45 TWD (+20%), Quality Score 48/100, 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 6108 calculated?
We run APCB Inc through 6 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 35.45 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. APCB Inc currently trades 17% 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 APCB Inc (6108)?
The closing price on Nov 9, 2026 was 29.55 TWD. Our model-based fair value is 35.45 TWD, about +20% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with APCB Inc right now?
The price is below even our cautious bear case (34.49 TWD). The market is more pessimistic than our downside scenario. The models converge in a tight band (34.49 TWD to 37.05 TWD), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of APCB Inc
How large is the market capitalisation of APCB Inc (6108)?
The market capitalisation of APCB Inc is 4.6B TWD (≈ $140M). 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 APCB Inc (6108)?
The price-to-sales ratio of APCB Inc is 0.99 (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 APCB Inc (6108)?
Earnings per share at APCB Inc are 0.2000 TWD (price ÷ EPS = P/E 147.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of APCB Inc (6108)?
The dividend yield of APCB Inc is 3.4%. 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 APCB Inc (6108)?
The net margin of APCB Inc is 0.7% (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 APCB Inc (6108)?
The return on equity (ROE) of APCB Inc is 1.0% (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 APCB Inc (6108)?
On an EBIT basis the return on assets of APCB Inc is −1.9% (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 APCB Inc (6108)?
The operating margin of APCB Inc is −0.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at APCB Inc (6108)?
Revenue at APCB Inc is growing +38.0% versus a year earlier (3y avg −15.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does APCB Inc (6108) hold?
APCB Inc holds more cash than debt, 1.1B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026