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Pacific Image Electronics Co., Ltd. (6228) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Pacific Image Electronics Co., Ltd. stock TWD 5.62, price TWD 17.25, that is 67.4% below the price, quality 40 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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Technology TW

PI Pacific Image Electronics Co., Ltd. logo Thin data Nov 3, 2026

Pacific Image Electronics Co., Ltd.

6228 · TWO
Very expensive, weak quality

Our calculation puts a fair price 67% below what the stock costs today.

Low debt
Quality 40/100
Expensive Growth (revenue 3y +3.7 %/yr in TWD)
Fair value 5.62 TWD · Strongly overvalued
Loss-making · -4.0% net margin (TTM)
Negative free cash flow
Trails peers (0/10)
Narrow moat 14/100
Thin data
⚠ Small free float
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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

75.80 TWD 16.40 TWD Fair Value 5.62 TWD May 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 16.40 TWD – 75.80 TWD · fair‑value band 4.19 TWD – 8.39 TWD · the 17.25 TWD price screens above the 5.62 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

Pacific Image Electronics Co., Ltd., together with its subsidiaries, provides scanning and imaging solutions in Asia, North America, Europe, and Oceania. It operates through Film Scanner Products, Biomedical Products, Building Materials and Engineering, and Smart Commerce Related Products segments.

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The company provides film-type scanners and biomedical products. It also provides rapid test readers for lateral flow assays and biochemical assays; bio imaging systems; and array imaging platforms.

In addition, the company engages in the manufacture, processing, and sale of computers and peripheral equipment; design and development of computer software; general import and export trade activities; sale of building materials; contracting and construction-related projects; and design, contracting, and construction of clean rooms, electromechanical, and air-conditioning projects, as well as smart business-related products.

Pacific Image Electronics Co., Ltd. was founded in 1993 and is headquartered in New Taipei City, Taiwan.

Stock analysis

Pacific Image Electronics Co., Ltd. (6228) currently trades at 17.25 TWD, while our model-based Fair Value estimate is 5.62 TWD, 67% 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 95/100, which puts the data coverage at low.

Scenario range: 4.19 TWD (bear) to 8.39 TWD (bull), the price of 17.25 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 40/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Pacific Image Electronics Co., Ltd. reported revenue of 51.3M TWD in FY2025 versus 98.4M TWD in FY2021, a compound −15.0%/yr. Reported net income was −12.1M TWD in FY2025.

Key figures

Market cap 500M TWD (≈ $15.2M) Micro · P/S ratio 11.0 · EPS (TTM) −0.0800 TWD · Net margin −4.0% · Return on equity −0.8% · Return on assets (EBIT) −4.9% (5-year average) · Operating margin −59.2% · Revenue (TTM) 47.7M TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (medium confidence).

What moves the price

The share trades about 46% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −67%, 6228 screens richer than that median.

Fair Value models

Bear 4.19 TWD Fair Value 5.62 TWD Bull 8.39 TWD
Price 17.25 TWD · Downside -67.4%
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) 4.19 TWD 5.62 TWD 8.39 TWD 54
All 1 models by family
Asset-Based
NCAV (Graham) 4.19 TWD 5.62 TWD 8.39 TWD 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 40/100

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 84
Are margins and returns getting better?
Cashflow 2
Do the profits arrive as real cash?
Financial strength 59
Debt, balance sheet and risk of trouble
Investment 87
Does it invest with discipline instead of growing at any price?
Low Volatility 62
How calm the share price moves, does not count
Price momentum 13
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 3
Distance to the 52-week high, does not count
New shares 40
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. 20/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+20.0%
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.
+3.7%
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.
−0.6% (2021) → −16.7% (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

6228 screens overvalued: fair value 67% below the price. Compare with Dell Technologies Inc →

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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 0/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 40 · Bottom 25%
Fair Value upside −67.4% · Bottom 25%
Profitability
Return on assets −3.0% · Bottom 25%
Net margin (12 months) −4.0% · Bottom 25%
Operating margin (12 months) −59.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 9.6% · Below median
Balance sheet
Debt / equity 0.09× · Above median

Valuation Multiplesvs Computer Hardware median · lower = cheaper

P/B 2.06× · Pricier than median
P/S (12 months) 10.49× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 8
FUTURE (revenue growth)48 · sector 84
PAST (return on equity)0 · sector 33
HEALTH (low debt)96 · sector 97
DIVIDEND (yield)0 · sector 50

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 Computer Hardware stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
HP Inc HPQ $28.46 $52.85 +86% vs 6228
Lenovo Group 0992 HK$19.41 HK$33.69 +74% vs 6228
Hangzhou Hikvision Digital Technology Co 002415 ¥35.25 ¥46.76 +33% vs 6228
Sandisk Corporation SNDK $835.06 $789.73 −5% vs 6228
Arista Networks, Inc ANET $170.80 $160.68 −6% vs 6228
Quanta Computer Inc 2382 296.50 TWD 213.20 TWD −28% vs 6228
Western Digital Corporation WDC $263.78 $175.91 −33% vs 6228
Dell Technologies Inc DELL $328.53 $195.72 −40% vs 6228
Everpure, Inc P $96.75 $57.04 −41% vs 6228
Seagate Technology Holdings STX $460.99 $208.25 −55% vs 6228

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Pacific Image Electronics Co., Ltd.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Pacific Image Electronics Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/6228

Frequently asked questions

Is Pacific Image Electronics Co., Ltd. (6228) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 5.62 TWD versus a price of 17.25 TWD, about 67% lower (overvalued).
What is the fair value of 6228?
Our model-based fair value for Pacific Image Electronics Co., Ltd. is 5.62 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 17.25 TWD.
What is the quality score of 6228?
Pacific Image Electronics Co., Ltd. has a Quality Score of 40/100. 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 Pacific Image Electronics Co., Ltd. (6228)?
Our model-based price target is the fair value of 5.62 TWD (as of Nov 3, 2026) from 1 valuation models. Cautious scenario 4.19 TWD, optimistic scenario 8.39 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Pacific Image Electronics Co., Ltd. stock forecast for 2026?
Our models put fair value at 5.62 TWD, about 67% lower versus a price of 17.25 TWD (overvalued). Cautious scenario 4.19 TWD, optimistic scenario 8.39 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Pacific Image Electronics Co., Ltd. (6228)?
Pacific Image Electronics Co., Ltd. reported trailing-twelve-month revenue of about 47.7M TWD (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of Pacific Image Electronics Co., Ltd. (6228)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pacific Image Electronics Co., Ltd. it is 5.62 TWD per share (as of Nov 3, 2026), against a price of 17.25 TWD. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Pacific Image Electronics Co., Ltd. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 6228 trades above its calculated fair value: price 17.25 TWD, fair value 5.62 TWD, a gap of about −67% (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 6228?
No. The price is what the market pays today (17.25 TWD); the fair value is what the company's own numbers justify (5.62 TWD). For Pacific Image Electronics Co., Ltd. the two are 11.63 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Pacific Image Electronics Co., Ltd. worth?
The market values Pacific Image Electronics Co., Ltd. at about 500M TWD (market capitalisation, as of Nov 3, 2026). Per share that is 17.25 TWD; our models calculate a fair value of 5.62 TWD per share.
What do the bullish and bearish scenarios say about 6228?
Our models span a range for Pacific Image Electronics Co., Ltd.: cautious scenario 4.19 TWD, base 5.62 TWD, optimistic 8.39 TWD per share (as of Nov 3, 2026, price 17.25 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Pacific Image Electronics Co., Ltd. (6228)?
Balance-sheet figures for Pacific Image Electronics Co., Ltd. (as of Nov 3, 2026): return on equity −0.8%, debt of 0.09 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 6228 from its 52-week high?
Pacific Image Electronics Co., Ltd. trades at 17.25 TWD, about 46% below its 52-week high of 31.80 TWD and 5% above the low of 16.40 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 5.62 TWD is for.
Which stocks are comparable to Pacific Image Electronics Co., Ltd.?
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 Pacific Image Electronics Co., Ltd. stock attractive at the current price?
The data as of Nov 3, 2026: price 17.25 TWD, calculated fair value 5.62 TWD (−67%), Quality Score 40/100, 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 6228 calculated?
We run Pacific Image Electronics Co., Ltd. through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 5.62 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. Pacific Image Electronics Co., 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 Pacific Image Electronics Co., Ltd. (6228)?
The closing price on Nov 6, 2026 was 17.25 TWD. Our model-based fair value is 5.62 TWD, about 67% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pacific Image Electronics Co., Ltd. right now?
The price sits above even our optimistic bull case (8.39 TWD). The favourable scenario is already priced in. Weak quality (40/100) 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 (4.19 TWD to 8.39 TWD) leaves room in how you read the outcome.

Key figures of Pacific Image Electronics Co., Ltd.

How large is the market capitalisation of Pacific Image Electronics Co., Ltd. (6228)?
The market capitalisation of Pacific Image Electronics Co., Ltd. is 500M TWD (≈ $15.2M). 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 Pacific Image Electronics Co., Ltd. (6228)?
The price-to-sales ratio of Pacific Image Electronics Co., Ltd. is 11.0 (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 Pacific Image Electronics Co., Ltd. (6228)?
Earnings per share at Pacific Image Electronics Co., Ltd. are −0.0800 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Pacific Image Electronics Co., Ltd. (6228)?
The net margin of Pacific Image Electronics Co., Ltd. is −4.0% (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 Pacific Image Electronics Co., Ltd. (6228)?
The return on equity (ROE) of Pacific Image Electronics Co., Ltd. is −0.8% (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 Pacific Image Electronics Co., Ltd. (6228)?
On an EBIT basis the return on assets of Pacific Image Electronics Co., Ltd. is −4.9% (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 Pacific Image Electronics Co., Ltd. (6228)?
The operating margin of Pacific Image Electronics Co., Ltd. is −59.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pacific Image Electronics Co., Ltd. (6228)?
Revenue at Pacific Image Electronics Co., Ltd. is growing +9.6% versus a year earlier (3y avg +3.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Pacific Image Electronics Co., Ltd. (6228) generate?
The free cash flow of Pacific Image Electronics Co., Ltd. is −2.7M 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 Pacific Image Electronics Co., Ltd. (6228) carry?
The net debt of Pacific Image Electronics Co., Ltd. is 90.0M 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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