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STOCK COMPARISON

Taiwan High Speed Rail vs Union Pacific: Fair Value & Quality

Both stocks run through our valuation models. Here is how Taiwan High Speed Rail (2633) and Union Pacific (UNP) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Taiwan High Speed Rail as the less overvalued of the two: Taiwan High Speed Rail trades at TWD 25.55 versus a fair value of TWD 22.72 (-11%), while Union Pacific trades at $276 versus $154 (-44%).
Taiwan High Speed Rail
2633.TW · TWD · Industrials
-11%
upside to fair value
overvalued
PriceTWD 25.55
Fair ValueTWD 22.72
Quality61/100
Union Pacific
UNP · USD · Industrials
-44%
upside to fair value
overvalued
Price$276
Fair Value$154
Quality67/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Taiwan High Speed RailUnion Pacific
Valuation
21.8×P/E (TTM)22.5×
2.61×P/S (TTM)7.25×
1.98× · book value is mostly goodwillP/B9.70×
10.1×EV/EBITDA16.5×
n/aPEG3.64×
−11.1%Fair value upside−44.3%
4.5%Dividend yield2.0%
TWD 1.15Dividend per share$5.48
Profitability
43%Operating margin40%
1.36×EBIT margin trend (5Y)1.00×
9%Return on equity41%
4%Return on assets9%
Growth
4%Revenue growth (YoY)3%
13.7%Avg. growth/yr (3Y)-0.5%
6.9%Avg. growth/yr (5Y)4.6%
+6.9%Value creation/yr+9.5%
Balance & size
3.3×Interest coverage (EBIT/interest)7.5×
3.03×Debt / equity1.64×
$5BMarket cap$179B
healthyGrowth qualityhealthy

Taiwan High Speed Rail leads: 9 to 4 metric wins.

n/a = 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.

Taiwan High Speed Railof which business quality 57 · market factors 52 Union Pacificof which business quality 63 · market factors 66
ProfitabilityMargins and returns on capital today
27
64
Quality GrowthAre margins and returns improving?
54
57
CashflowEarnings quality: real cash, not paper profit
100
71
Fin. StrengthBalance sheet, leverage, solvency risk
9
40
InvestmentDisciplined investing over empire-building
96
47
Low VolatilityCalm price path (market factor)
100
74
MomentumPrice trend over the last 3–12 months (market factor)
37
62
52W MomentumDistance to the 52-week high (market factor)
22
62
Net IssuanceShare count: buybacks or dilution?
82
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyTaiwan High Speed RailPrice TWD 25.55Union PacificPrice $276
DCF Models+59%above the priceTWD 40.71-48%below the price$142
Earnings-Based-74%below the priceTWD 6.71-65%below the price$97.30
Dividend Discount-31%below the priceTWD 17.73n/a
Multiples-4%close to the priceTWD 24.55-35%below the price$180
Asset-Based-66%below the priceTWD 8.66-92%below the price$20.84
Growth DCF+56%above the priceTWD 39.98-68%below the price$87.26
Economic Profit-76%below the priceTWD 6.17-56%below the price$121
Growth Earnings-17%below the priceTWD 21.17-26%below the price$204
Minimum-76%below the priceTWD 6.17-92%below the price$20.84
Maximum+59%above the priceTWD 40.71-26%below the price$204
Median-24%below the priceTWD 19.45-56%below the price$121
Geometric mean-36%below the priceTWD 16.46-63%below the price$102

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Taiwan High Speed Rail: 16 of 23 models see the stock below the current price.

Union Pacific: 23 of 23 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Taiwan High Speed Rail
Price TWD 25.55
Fair Value TWD 22.72
Bear TWD 16.38Bull TWD 27.52
Union Pacific
Price $276
Fair Value $154
Bear $85.25Bull $230

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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.

Taiwan High Speed Rail · Industrials

Quality score61 · Top 25%
Fair value upside-11% · above median

Union Pacific · Industrials

Quality score67 · Top 25%
Fair value upside-44% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Taiwan High Speed Rail as the less overvalued of the two: Taiwan High Speed Rail trades at TWD 25.55 versus a fair value of TWD 22.72 (-11%), while Union Pacific trades at $276 versus $154 (-44%).

Union Pacific has the higher quality score (67/100).

Open Taiwan High Speed Rail live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.