Airoha Technology Corp (6526) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Airoha Technology Corp stock TWD 686, price TWD 624, upside +10.0%, quality 59 out of 100. Rating: fairly valued. Calculated from audited financials with 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
53‑month range 399.96 TWD – 842.00 TWD · fair‑value band 469.92 TWD – 1,000 TWD · the 624.00 TWD price screens below the 686.40 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Airoha Technology Corp. engages in the provision of wireless and broadband communications SoC system solutions in Taiwan.
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It offers outdoor products, such as motorcycle helmet bluetooth headset, targeted noise-cancelling headphones, racing pigeon satellite positioning flight tracker, livestock tracker in open pastures, satellite positioning and navigation instruments for yachts and fishing boats, open water sports watch, pet tracker, wireless lawn mowing robot, cycling watch, automotive inertial navigation, and satellite positioning and timing module receiver; office products, including 3-in-1 USB dongle, IP phone, fiber optic fixed network broadband enterprise gateway, Bluetooth bidirectional speakerphone, and telephone customer service headset; and home items, including assistive hearing earbuds, satellite positioning and navigation for new energy vehicles, and gaming Bluetooth headphones.
The company also provides satellite positioning and timing module receiver, pluggable optical communication module, broadband SoC, ethernet switch, Bluetooth public broadcast, police body camera, smart grid, automotive inertial navigation, rugged laptop for specialized applications, and smart surveillance camera.
Its products are used in various applications, such as outdoor, office, home, broadband operators, and public. The company was founded in 2001 and is headquartered in Zhubei, Taiwan. Airoha Technology Corp. operates as a subsidiary of Gaintech Co. Limited.
Stock analysis
Airoha Technology Corp (6526) currently trades at 624.00 TWD, while our model-based Fair Value estimate is 686.40 TWD, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Multiples group reads highest at a median of 481.85 TWD per share, and 0 of the 26 models we run sit above the 624.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 183.14 TWD, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 469.92 TWD (bear) to 1,000 TWD (bull), the price of 624.00 TWD sits inside 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.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Airoha Technology Corp reported revenue of 20.9B TWD in FY2025 versus 17.7B TWD in FY2021, a compound +4.2%/yr. Reported net income was 2.8B TWD in FY2025, compounding +9.9%/yr from FY2021.
Key figures
Market cap 128B TWD (≈ $3.9B) Mid · P/E ratio 34.6 · P/S ratio 5.84 · EPS (TTM) 18.02 TWD · Dividend yield 2.2% · Net margin 13.8% · Return on equity 14.5% · Return on assets (EBIT) 14.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 49% 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 10%, 6526 screens cheaper than that median.
Fair Value models
Bear469.92 TWDFair Value 686.40 TWDBull1,000 TWD
Price 624.00 TWD · Upside +10.0%
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. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (4.52 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+9.4%
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%
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.
+16.5%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
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.
+11.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.3%
Dividend (yield on the price)2.2%
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.13% → 14%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
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).
+19.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+17.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +17.2% a year for the price and +15.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (19 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.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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.Semiconductors · 370 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+10.0% · Top 25%
Profitability
Return on equity (12 months)14.5% · Above median
Return on assets10.0% · Top 25%
Net margin (12 months)13.8% · Above median
Operating margin (12 months)15.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)13.9% · Below median
Dividend yield (12 months)2.2% · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)34.6× · Pricier than median
P/B6.62× · Priciest 25%
P/S (12 months)5.84× · Pricier than median
Price / free cash flow (fiscal year)42.4× · Pricier than median
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Is Airoha Technology Corp (6526) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 686.40 TWD versus a price of 624.00 TWD, about +10% upside (fairly valued).
What is the fair value of 6526?
Our model-based fair value for Airoha Technology Corp is 686.40 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 624.00 TWD.
What is the quality score of 6526?
Airoha Technology Corp 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 Airoha Technology Corp (6526)?
Our model-based price target is the fair value of 686.40 TWD (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 469.92 TWD, optimistic scenario 1,000 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Airoha Technology Corp stock forecast for 2026?
Our models put fair value at 686.40 TWD, about +10% upside versus a price of 624.00 TWD (fairly valued). Cautious scenario 469.92 TWD, optimistic scenario 1,000 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Airoha Technology Corp (6526)?
Airoha Technology Corp reported trailing-twelve-month revenue of about 21.9B TWD (latest available figure, as of Nov 7, 2026).
Does Airoha Technology Corp pay a dividend?
Airoha Technology Corp currently shows a dividend yield of 2.16% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Airoha Technology Corp (6526) and when is the ex-dividend date?
Airoha Technology Corp pays a dividend of 13.50 TWD per share a year, a dividend yield of 2.2%. The last ex-dividend date was Jul 7, 2026. The payout ratio is 74.9% of earnings. Free cash flow covers the dividend 1.34 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Airoha Technology Corp (6526)?
For today's price to be fair in a discounted-cash-flow model, Airoha Technology Corp would have to grow free cash flow by +19.0 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.5 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 6526 use?
Our models discount Airoha Technology Corp at 10.3 %: a base by market capitalisation (mid), 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 Airoha Technology Corp that is +19.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Airoha Technology Corp (6526) delivered so far?
Over the past 5 years revenue at Airoha Technology Corp grew +16.5 % a year. The price currently implies free-cash-flow growth of +19.0 % 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 Airoha Technology Corp (6526) growing?
The median revenue growth in the sector is +15.9 % a year. That is the yardstick for the growth priced into Airoha Technology Corp (+19.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Airoha Technology Corp (6526)?
The free-cash-flow yield on the price is 2.87 %: that much free cash flow Airoha Technology Corp produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Airoha Technology Corp (6526)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Airoha Technology Corp it is 686.40 TWD per share (as of Nov 7, 2026), against a price of 624.00 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Airoha Technology Corp stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 6526 trades below its calculated fair value: price 624.00 TWD, fair value 686.40 TWD, a gap of about +10% (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 6526?
No. The price is what the market pays today (624.00 TWD); the fair value is what the company's own numbers justify (686.40 TWD). For Airoha Technology Corp the two are 62.40 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Airoha Technology Corp worth?
The market values Airoha Technology Corp at about 128B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 624.00 TWD; our models calculate a fair value of 686.40 TWD per share.
What do the bullish and bearish scenarios say about 6526?
Our models span a range for Airoha Technology Corp: cautious scenario 469.92 TWD, base 686.40 TWD, optimistic 1,000 TWD per share (as of Nov 7, 2026, price 624.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6526?
Airoha Technology Corp trades at a price-to-earnings ratio of 34.6 (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 686.40 TWD is built from several models across several years. Other multiples: P/B 6.6, P/S 5.8, EV/EBITDA 29.9.
How solid is the balance sheet of Airoha Technology Corp (6526)?
Balance-sheet figures for Airoha Technology Corp (as of Nov 7, 2026): return on equity 14.5%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 6526 from its 52-week high?
Airoha Technology Corp trades at 624.00 TWD, about 26% below its 52-week high of 842.00 TWD and 49% above the low of 417.88 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 686.40 TWD is for.
Which stocks are comparable to Airoha Technology Corp?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, 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 Airoha Technology Corp stock attractive at the current price?
The data as of Nov 7, 2026: price 624.00 TWD, calculated fair value 686.40 TWD (+10%), Quality Score 59/100, from 26 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 6526 calculated?
We run Airoha Technology Corp through 26 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 686.40 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. Airoha Technology Corp currently trades 9% 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 Airoha Technology Corp (6526)?
The closing price on Nov 6, 2026 was 624.00 TWD. Our model-based fair value is 686.40 TWD, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Airoha Technology Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (469.92 TWD to 1,000 TWD) leaves room in how you read the outcome.
Key figures of Airoha Technology Corp
How large is the market capitalisation of Airoha Technology Corp (6526)?
The market capitalisation of Airoha Technology Corp is 128B TWD (≈ $3.9B). 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 Airoha Technology Corp (6526)?
The price-to-sales ratio of Airoha Technology Corp is 5.84 (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 Airoha Technology Corp (6526)?
Earnings per share at Airoha Technology Corp are 18.02 TWD (price ÷ EPS = P/E 34.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Airoha Technology Corp (6526)?
The dividend yield of Airoha Technology Corp is 2.2% (payout 74.9%). 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 Airoha Technology Corp (6526)?
The net margin of Airoha Technology Corp is 13.8% (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 Airoha Technology Corp (6526)?
The return on equity (ROE) of Airoha Technology Corp is 14.5% (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 Airoha Technology Corp (6526)?
On an EBIT basis the return on assets of Airoha Technology Corp is 14.4% (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 Airoha Technology Corp (6526)?
The operating margin of Airoha Technology Corp is 15.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Airoha Technology Corp (6526)?
Revenue at Airoha Technology Corp is growing +13.9% 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 fast are earnings growing at Airoha Technology Corp (6526)?
Earnings per share at Airoha Technology Corp are growing +13.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Airoha Technology Corp (6526) hold?
Airoha Technology Corp holds more cash than debt, 12.5B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026