Grandsys Inc. (6910) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Grandsys Inc. stock TWD 34.64, price TWD 23.55, upside +47.1%, quality 62 out of 100. Rating: undervalued. Calculated from audited financials with 25 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 3, 2026.
How to read this chart
42‑month range 22.60 TWD – 61.11 TWD · fair‑value band 24.24 TWD – 45.02 TWD · the 23.55 TWD price screens below the 34.64 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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Grandsys Inc. engages in the research, design, development, construction, sales, and maintenance services of customer service center-related application software in China.
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The company offers voice and text robot, intelligent assistant, insight, omni media customer platform, enterprise application middle platform, smart video application, cloud customer service application, financial industry cloud application, scheduling and recording systems, phone and computer headset, and other accessories.
It also provides consulting, intelligent quality inspection consulting, system plan and integration, cloud application plan and integration, system maintenance, and technical support services. Grandsys Inc. was founded in 1992 and is based in Taipei, Taiwan.
Stock analysis
Grandsys Inc. (6910) currently trades at 23.55 TWD, while our model-based Fair Value estimate is 34.64 TWD, implying the stock looks roughly 32% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 50.75 TWD per share, and 20 of the 25 models we run sit above the 23.55 TWD price.
Bear case: the Asset-Based group reads lowest at 14.70 TWD, and 5 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: 24.24 TWD (bear) to 45.02 TWD (bull), the price of 23.55 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 62/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Grandsys Inc. reported revenue of 385M TWD in FY2025 versus 296M TWD in FY2021, a compound +6.7%/yr. Reported net income was 54.2M TWD in FY2025, compounding +13.5%/yr from FY2021.
Key figures
Market cap 719M TWD (≈ $21.9M) Micro · P/E ratio 12.1 · P/S ratio 1.71 · EPS (TTM) 1.94 TWD · Net margin 14.1% · Return on assets (EBIT) 9.6% (5-year average) · Free cash flow 53.9M TWD · Net cash 163M TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at 47%, 6910 screens cheaper than that median.
Fair Value models
Bear24.24 TWDFair Value 34.64 TWDBull45.02 TWD
Price 23.55 TWD · Upside +47.1%
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 (1.66 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
FCF DCF26.55 TWD33.59 TWD42.93 TWD80
Growth DCF26.83 TWD33.17 TWD41.14 TWD77
Residual Income13.76 TWD15.34 TWD18.61 TWD76
All 25 models by family
DCF Models
FCF DCF26.55 TWD33.59 TWD42.93 TWD80
Owner Earnings21.26 TWD26.13 TWD32.58 TWD75
5Y Revenue Exit27.74 TWD37.76 TWD50.24 TWD71
5Y EBITDA Exit34.76 TWD50.46 TWD68.30 TWD73
5Y P/E Exit36.06 TWD52.81 TWD69.85 TWD69
10Y Revenue Exit26.55 TWD35.12 TWD45.99 TWD65
10Y EBITDA Exit31.25 TWD43.29 TWD58.61 TWD66
10Y P/E Exit32.02 TWD44.80 TWD59.68 TWD62
Earnings-Based
Graham-Dodd12.07 TWD31.59 TWD41.22 TWD65
PEG = 1.06.03 TWD8.61 TWD11.19 TWD57
EPV26.46 TWD28.94 TWD31.04 TWD70
Dividend Discount
Gordon GGM10.89 TWD20.02 TWD29.35 TWD67
DDM Multi-Stage10.89 TWD16.10 TWD21.17 TWD67
Multiples
P/E Multiple37.28 TWD49.70 TWD62.13 TWD63
P/S Multiple22.63 TWD30.18 TWD37.72 TWD58
P/B Multiple69.79 TWD93.06 TWD116.32 TWD55
EV/EBIT45.40 TWD58.76 TWD72.11 TWD63
EV/EBITDA40.18 TWD51.80 TWD63.41 TWD64
EV/Revenue25.59 TWD34.27 TWD42.95 TWD52
Asset-Based
NCAV (Graham)9.70 TWD14.70 TWD18.37 TWD52
Growth DCF
Growth DCF26.83 TWD33.17 TWD41.14 TWD77
Rev-Margin DCF27.74 TWD37.89 TWD49.04 TWD71
Economic Profit
Residual Income13.76 TWD15.34 TWD18.61 TWD76
ROIC Compounder27.18 TWD30.64 TWD34.17 TWD70
Growth Earnings
Growth-Adj P/E28.52 TWD40.75 TWD52.97 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.69/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+30.1%
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.
+4.7%
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.
+5.1%
Start year 2020 (pandemic)
Revenue growth 6 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.
+6.3%
’19
’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.
+8.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.0%
Dividend (yield on the price)0.0%
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.8% → 18%
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).
−5.9%
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.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −7.4% 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.Software - Application · 628 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside+47.1% · Top 25%
Profitability
Return on assets9.1% · Top 25%
Net margin (12 months)14.1% · Top 25%
Operating margin (12 months)0.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Dividend yield (12 months)0.0% · Bottom 25%
Valuation Multiplesvs Software - Application 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). "Grandsys Inc. Fair Value". https://www.fairvalue-calculator.com/stock/6910
Frequently asked questions
Is Grandsys Inc. (6910) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 34.64 TWD versus a price of 23.55 TWD, about +47% upside (undervalued).
What is the fair value of 6910?
Our model-based fair value for Grandsys Inc. is 34.64 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 23.55 TWD.
What is the quality score of 6910?
Grandsys Inc. has a Quality Score of 62/100. 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 Grandsys Inc. (6910)?
Our model-based price target is the fair value of 34.64 TWD (as of Nov 3, 2026) from 25 valuation models. Cautious scenario 24.24 TWD, optimistic scenario 45.02 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Grandsys Inc. stock forecast for 2026?
Our models put fair value at 34.64 TWD, about +47% upside versus a price of 23.55 TWD (undervalued). Cautious scenario 24.24 TWD, optimistic scenario 45.02 TWD. The calculation is refreshed regularly with new filings.
What growth is priced into Grandsys Inc. (6910)?
For today's price to be fair in a discounted-cash-flow model, Grandsys Inc. would have to grow free cash flow by -5.9 % 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 +5.1 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 6910 use?
Our models discount Grandsys Inc. at 10.3 %: a base by market capitalisation (nano), 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 Grandsys Inc. that is -5.9 % 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 Grandsys Inc. (6910) delivered so far?
Over the past 5 years revenue at Grandsys Inc. grew +5.1 % a year. The price currently implies free-cash-flow growth of -5.9 % 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 Grandsys Inc. (6910) growing?
The median revenue growth in the sector is +16.8 % a year. That is the yardstick for the growth priced into Grandsys Inc. (-5.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Grandsys Inc. (6910)?
The free-cash-flow yield on the price is 7.49 %: that much free cash flow Grandsys Inc. 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 Grandsys Inc. (6910)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Grandsys Inc. it is 34.64 TWD per share (as of Nov 3, 2026), against a price of 23.55 TWD. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Grandsys Inc. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 6910 trades below its calculated fair value: price 23.55 TWD, fair value 34.64 TWD, a gap of about +47% (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 6910?
No. The price is what the market pays today (23.55 TWD); the fair value is what the company's own numbers justify (34.64 TWD). For Grandsys Inc. the two are 11.09 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Grandsys Inc. worth?
The market values Grandsys Inc. at about 719M TWD (market capitalisation, as of Nov 3, 2026). Per share that is 23.55 TWD; our models calculate a fair value of 34.64 TWD per share.
What do the bullish and bearish scenarios say about 6910?
Our models span a range for Grandsys Inc.: cautious scenario 24.24 TWD, base 34.64 TWD, optimistic 45.02 TWD per share (as of Nov 3, 2026, price 23.55 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6910?
Grandsys Inc. trades at a price-to-earnings ratio of 12.1 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 34.64 TWD is built from several models across several years. Other multiples: P/B 0.1.
How far is 6910 from its 52-week high?
Grandsys Inc. trades at 23.55 TWD, about 47% below its 52-week high of 44.74 TWD and 4% above the low of 22.60 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 34.64 TWD is for.
Which stocks are comparable to Grandsys Inc.?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Grandsys Inc. stock attractive at the current price?
The data as of Nov 3, 2026: price 23.55 TWD, calculated fair value 34.64 TWD (+47%), Quality Score 62/100, from 25 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 6910 calculated?
We run Grandsys Inc. through 25 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 34.64 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. Grandsys Inc. currently trades 32% 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 Grandsys Inc. (6910)?
The closing price on Nov 9, 2026 was 23.55 TWD. Our model-based fair value is 34.64 TWD, about +47% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Grandsys Inc. right now?
The price is below even our cautious bear case (24.24 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 (62/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (24.24 TWD to 45.02 TWD) leaves room in how you read the outcome.
Key figures of Grandsys Inc.
How large is the market capitalisation of Grandsys Inc. (6910)?
The market capitalisation of Grandsys Inc. is 719M TWD (≈ $21.9M). 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 Grandsys Inc. (6910)?
The price-to-sales ratio of Grandsys Inc. is 1.71 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Grandsys Inc. (6910)?
Earnings per share at Grandsys Inc. are 1.94 TWD (price ÷ EPS = P/E 12.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Grandsys Inc. (6910)?
The net margin of Grandsys Inc. is 14.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Grandsys Inc. (6910)?
On an EBIT basis the return on assets of Grandsys Inc. is 9.6% (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.
How much net cash does Grandsys Inc. (6910) hold?
Grandsys Inc. holds more cash than debt, 163M TWD net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 3, 2026