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STOCK COMPARISON

Gold Circuit Electronics vs Delta Electronics: Fair Value & Quality

Both stocks run through our valuation models. Here is how Gold Circuit Electronics (2368) and Delta Electronics (2308) compare, as of Aug 14, 2026.

As of Aug 14, 2026, Fair Value Calculator sees Gold Circuit Electronics as the less overvalued of the two: Gold Circuit Electronics trades at TWD 1,015 versus a fair value of TWD 406 (-60%), while Delta Electronics trades at TWD 1,885 versus TWD 512 (-73%).
Gold Circuit Electronics
2368.TW · TWD · Information Technology
-60%
upside to fair value
overvalued
PriceTWD 1,015
Fair ValueTWD 406
Quality59/100
Delta Electronics
2308.TW · TWD · Information Technology
-73%
upside to fair value
overvalued
PriceTWD 1,885
Fair ValueTWD 512
Quality58/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Gold Circuit ElectronicsDelta Electronics
Valuation
56.5×P/E (TTM)81.3×
8.08×P/S (TTM)8.20×
16.23×P/B18.22×
29.7×EV/EBITDA37.9×
0.67×PEG1.68×
0.9%Dividend yield0.6%
TWD 10.00Dividend per shareTWD 11.60
Profitability
17%Net margin12%
27%Operating margin18%
41%Return on equity24%
16%Return on assets10%
Growth
60%Revenue growth (YoY)34%
22.3%Avg. growth/yr (3Y)13.0%
20.7%Avg. growth/yr (5Y)14.4%
Balance & size
0.36×Debt / equity0.21×
$17BMarket cap$152B
expensiveGrowth qualityhealthy

Gold Circuit Electronics leads: 13 to 1 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Gold Circuit Electronicsof which business quality 56 · market factors 63 Delta Electronicsof which business quality 60 · market factors 61
ProfitabilityMargins and returns on capital today
69
65
Quality GrowthAre margins and returns improving?
60
77
CashflowEarnings quality: real cash, not paper profit
6
52
Fin. StrengthBalance sheet, leverage, solvency risk
83
85
InvestmentDisciplined investing over empire-building
16
43
Low VolatilityCalm price path (market factor)
39
17
MomentumPrice trend over the last 3–12 months (market factor)
71
77
52W MomentumDistance to the 52-week high (market factor)
78
84
Net IssuanceBuybacks instead of dilution
100
21

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Gold Circuit Electronics

DCF ModelsTWD 207
Earnings-BasedTWD 219
Dividend DiscountTWD 110
MultiplesTWD 453
Asset-BasedTWD 44.39
Economic ProfitTWD 237
Growth EarningsTWD 406

17 of 17 models see the stock below the current price.

Delta Electronics

DCF ModelsTWD 602
Earnings-BasedTWD 283
Dividend DiscountTWD 134
MultiplesTWD 594
Asset-BasedTWD 69.14
Growth DCFTWD 495
Economic ProfitTWD 318
Growth EarningsTWD 520

26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Gold Circuit Electronics
Bear TWD 284Fair Value TWD 406Bull TWD 665
TWD 1,015 = current price (white tick)
Delta Electronics
Bear TWD 303Fair Value TWD 512Bull TWD 778
TWD 1,885 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Gold Circuit Electronics · Information Technology

Quality score59 · above median
Fair value upside-60% · below median

Delta Electronics · Information Technology

Quality score58 · above median
Fair value upside-73% · bottom 25%

Bottom line

As of Aug 14, 2026, Fair Value Calculator sees Gold Circuit Electronics as the less overvalued of the two: Gold Circuit Electronics trades at TWD 1,015 versus a fair value of TWD 406 (-60%), while Delta Electronics trades at TWD 1,885 versus TWD 512 (-73%).

Gold Circuit Electronics has the higher quality score (59/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.