Panram International (8088) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Panram International stock TWD 11.29, price TWD 35.70, that is 68.4% below the price, quality 68 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 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 5, 2026.
How to read this chart
60‑month range 14.50 TWD – 71.41 TWD · fair‑value band 10.22 TWD – 13.88 TWD · the 35.70 TWD price screens above the 11.29 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Panram International Corp. engages in the design, manufacture, and sale of memory modules and flash memory related products in Taiwan.
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The company offers IP Phone, FPGA development board, control board, smart light, smart meter, VGA card, Thunderbolt 3 solution, and DC power control board; DRAM modules; and SD/microSD card, SDHC/micro SDHC, SDXC/micro SDXC, CF card, and CFast card. It also provides SSDs; and I/O products.
In addition, the company offers original design and original equipment manufacturing services; product design, raw material procurement, logistics, transportation, product testing and maintenance, integrating manufacturing processes, and management services; and project and manufacturing process-oriented services.
Panram International Corp. was founded in 1983 and is based in Taipei City, Taiwan.
Stock analysis
Panram International (8088) currently trades at 35.70 TWD, while our model-based Fair Value estimate is 11.29 TWD, 68% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 37.10 TWD per share, and 3 of the 15 models we run sit above the 35.70 TWD price.
Bear case: the Dividend Discount group reads lowest at 3.87 TWD, and 12 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 10.22 TWD (bear) to 13.88 TWD (bull), the price of 35.70 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 68/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Panram International reported revenue of 1.7B TWD in FY2025 versus 1.8B TWD in FY2021, a compound −2.3%/yr. Reported net income was 104M TWD in FY2025, compounding +0.9%/yr from FY2021.
Key figures
Market cap 2.2B TWD (≈ $66.2M) Micro · P/E ratio 11.7 · P/S ratio 1.12 · EPS (TTM) 3.04 TWD · Dividend yield 1.2% · Net margin 9.4% · Return on equity 17.4% · Return on assets (EBIT) 9.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (medium confidence).
What moves the price
The share trades about 50% below its 52-week high and at 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 −68%, 8088 screens richer than that median.
Fair Value models
Bear10.22 TWDFair Value 11.29 TWDBull13.88 TWD
Price 35.70 TWD · Downside -68.4%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2.61 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.25/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+55.8%
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.
−1.5%
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.
−2.4%
Start year 2020 (pandemic). Over 10 years: −1.8% a year
Revenue growth 10 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.
−1.8%
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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.
−1.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.6%
Dividend (yield on the price)1.2%
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.8% → 7%
⚠ Revenue per share shrinking 2.3%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside−68.4% · Bottom 25%
Profitability
Return on equity (12 months)17.4% · Above median
Return on assets7.5% · Top 25%
Net margin (12 months)9.4% · Above median
Operating margin (12 months)1.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)19.2% · Above median
Dividend yield (12 months)1.2% · Below median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (12 months)11.7× · Cheaper than median
P/B1.97× · Pricier than median
P/S (12 months)1.12× · Cheaper than median
EV/EBITDA8.4× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 8
FUTURE (revenue growth)96· sector 84
PAST (return on equity)70· sector 33
HEALTH (low debt)100· sector 97
DIVIDEND (yield)23· sector 50
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). "Panram International Fair Value". https://www.fairvalue-calculator.com/stock/8088
Frequently asked questions
Is Panram International (8088) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 11.29 TWD versus a price of 35.70 TWD, about 68% lower (overvalued).
What is the fair value of 8088?
Our model-based fair value for Panram International is 11.29 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 35.70 TWD.
What is the quality score of 8088?
Panram International has a Quality Score of 68/100. 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 Panram International (8088)?
Our model-based price target is the fair value of 11.29 TWD (as of Nov 5, 2026) from 15 valuation models. Cautious scenario 10.22 TWD, optimistic scenario 13.88 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Panram International stock forecast for 2026?
Our models put fair value at 11.29 TWD, about 68% lower versus a price of 35.70 TWD (overvalued). Cautious scenario 10.22 TWD, optimistic scenario 13.88 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Panram International (8088)?
Panram International reported trailing-twelve-month revenue of about 1.9B TWD (latest available figure, as of Nov 5, 2026).
Does Panram International pay a dividend?
Panram International currently shows a dividend yield of 1.17% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Panram International (8088)?
Panram International has a dividend yield of 1.2%.
What is the intrinsic value of Panram International (8088)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Panram International it is 11.29 TWD per share (as of Nov 5, 2026), against a price of 35.70 TWD. It is the blended result of 15 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Panram International stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 8088 trades above its calculated fair value: price 35.70 TWD, fair value 11.29 TWD, a gap of about −68% (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 8088?
No. The price is what the market pays today (35.70 TWD); the fair value is what the company's own numbers justify (11.29 TWD). For Panram International the two are 24.41 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Panram International worth?
The market values Panram International at about 2.2B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 35.70 TWD; our models calculate a fair value of 11.29 TWD per share.
What do the bullish and bearish scenarios say about 8088?
Our models span a range for Panram International: cautious scenario 10.22 TWD, base 11.29 TWD, optimistic 13.88 TWD per share (as of Nov 5, 2026, price 35.70 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8088?
Panram International trades at a price-to-earnings ratio of 11.7 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11.29 TWD is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 18.1. Other multiples: P/B 2.0, P/S 1.1, EV/EBITDA 8.4.
How solid is the balance sheet of Panram International (8088)?
Balance-sheet figures for Panram International (as of Nov 5, 2026): return on equity 17.4%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 8088 from its 52-week high?
Panram International trades at 35.70 TWD, about 50% below its 52-week high of 71.41 TWD and at the low of 35.70 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 11.29 TWD is for.
Which stocks are comparable to Panram International?
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 Panram International stock attractive at the current price?
The data as of Nov 5, 2026: price 35.70 TWD, calculated fair value 11.29 TWD (−68%), Quality Score 68/100, 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 8088 calculated?
We run Panram International through 15 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 11.29 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. Panram International 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 Panram International (8088)?
The closing price on Nov 6, 2026 was 35.70 TWD. Our model-based fair value is 11.29 TWD, about 68% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Panram International right now?
The price sits above even our optimistic bull case (13.88 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Panram International
How large is the market capitalisation of Panram International (8088)?
The market capitalisation of Panram International is 2.2B TWD (≈ $66.2M). 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 Panram International (8088)?
The price-to-sales ratio of Panram International is 1.12 (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 Panram International (8088)?
Earnings per share at Panram International are 3.04 TWD (price ÷ EPS = P/E 11.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Panram International (8088)?
The dividend yield of Panram International is 1.2% (payout 13.7%). 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 Panram International (8088)?
The net margin of Panram International is 9.4% (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 Panram International (8088)?
The return on equity (ROE) of Panram International is 17.4% (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 Panram International (8088)?
On an EBIT basis the return on assets of Panram International is 9.7% (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 Panram International (8088)?
The operating margin of Panram International is 1.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Panram International (8088)?
Revenue at Panram International is growing +19.2% versus a year earlier (3y avg −1.5%). 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 Panram International (8088)?
Earnings per share at Panram International are growing +692% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Panram International (8088) generate?
The free cash flow of Panram International is −402M 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 Panram International (8088) carry?
The net debt of Panram International is 57.8M 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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Nov 5, 2026