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Run Long Construction Co Ltd (1808) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Run Long Construction Co Ltd TWD 24.74, price TWD 31.90, upside -22.5%, quality 29 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Real Estate · TW · ISIN TW0001808004

RL Broad data Sep 23, 2026

Run Long Construction Co Ltd

1808 · TW

Weak valuationQuality is weak on top of the rich price.

!Fair value 24.74 TWD · Overvalued (−22%)
!Quality 29/100
!Weak Growth (revenue 5y −3.2 %/yr)
Highly profitable · 20.2% net margin (TTM)
!Moderate debt · negative free cash flow
·4.70% dividend yield
!Mixed vs. peers (6/13)
!Moderate moat 53/100
!Weak on valuation: 3 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

134.00 TWD 28.10 TWD Fair Value 24.74 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range 28.10 TWD – 134.00 TWD · fair‑value band 12.86 TWD – 26.77 TWD · the 31.90 TWD price screens above the 24.74 TWD fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Run Long Construction Co., Ltd. engages in the construction, sale, and leasing of residential and commercial buildings in Taiwan. It is also involved in engineering business. The company was incorporated in 1977 and is headquartered in Taipei City, Taiwan.

Stock analysis

Run Long Construction Co Ltd (1808) currently trades at 31.90 TWD, while our model-based Fair Value estimate is 24.74 TWD, implying the stock looks roughly 28.9% overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 66.71 TWD per share, and 5 of the 15 models we run sit above the 31.90 TWD price.

Bear case: the Asset-Based group reads lowest at 9.64 TWD, and 10 of the 15 models stay below the price. Evidence for this calculation is high.

Scenario range: 12.86 TWD (bear) to 26.77 TWD (bull), the price of 31.90 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 29/100 (below-average quality), in the Real Estate sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Run Long Construction Co Ltd reported revenue of 6.5B TWD in FY2025 versus 10.5B TWD in FY2021, a compound −11.3%/yr. Reported net income was 1.3B TWD in FY2025, compounding −6.1%/yr from FY2021.

Key figures

Market cap 30.6B TWD (≈ $959M) · P/E ratio 12.5 · P/S ratio 2.50 · EPS (TTM) 2.56 TWD · Dividend yield 4.7% · Net margin 20.0% · Return on equity 18.4% · Return on assets (EBIT) 7.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 20% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at −3% fair-value upside, at −22%, 1808 screens richer than that median.

Fair Value models

Bear 12.86 TWD Fair Value 24.74 TWD Bull 26.77 TWD
Model Each model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence Evidence = 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.
Highest evidence
EPV 10.10 TWD 12.59 TWD 14.77 TWD 74
Residual Income 12.69 TWD 14.15 TWD 24.08 TWD 72
ROIC Compounder 10.10 TWD 12.59 TWD 15.46 TWD 70
All 15 models by family
DCF Models
Owner Earnings 22.79 TWD 58.01 TWD 131.96 TWD 67
Earnings-Based
Graham-Dodd 9.91 TWD 69.11 TWD 96.98 TWD 61
Lynch FV 35.70 TWD 51.00 TWD 66.30 TWD 59
PEG = 1.0 35.70 TWD 51.00 TWD 66.30 TWD 55
EPV 10.10 TWD 12.59 TWD 14.77 TWD 74
Multiples
P/E Multiple 22.95 TWD 30.60 TWD 38.25 TWD 63
P/S Multiple 10.91 TWD 14.55 TWD 18.18 TWD 58
P/B Multiple 18.58 TWD 24.77 TWD 30.97 TWD 55
EV/EBIT 20.60 TWD 29.08 TWD 37.55 TWD 65
EV/EBITDA 15.45 TWD 22.21 TWD 28.97 TWD 67
EV/Revenue 4.34 TWD 8.26 TWD 12.19 TWD 52
Asset-Based
NCAV (Graham) 7.19 TWD 9.64 TWD 14.38 TWD 54
Economic Profit
Residual Income 12.69 TWD 14.15 TWD 24.08 TWD 72
ROIC Compounder 10.10 TWD 12.59 TWD 15.46 TWD 70
Growth Earnings
Growth-Adj P/E 46.70 TWD 66.71 TWD 86.73 TWD 65

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Quality Score breakdown

Overall quality 29/100

Of which business quality 27 · Market factors (momentum, volatility) 52

Profitability 33
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 50
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 16/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−26.1%
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.
−3.2%
Start year 2020 (pandemic). Over 10 years: +2.8% a year
Revenue growth 23 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.
+26.3%
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.
+3.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.3%
Dividend (yield on the price)4.7%
Pace: 5 vs 10 years Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−1% vs −5%, picking up
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.5% → 27%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 3.4%/yr over ~10Y (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.

1808 screens 29% overvalued. Compare with Sun Hung Kai Properties Limited →

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Peer GroupHow 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.Real Estate - Development · 579 stocks

Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 30 · Bottom 25%
Fair Value upside −22% · Below median
Profitability
Return on equity (TTM) 18% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 23% · Above median
Growth and dividend
Revenue growth 173% · Top 25%
Dividend yield (TTM) 4.7% · Above median
Balance sheet
Debt / equity 0.76× · Above median

Valuation Multiplesvs Real Estate - Development median · lower = cheaper

P/E (TTM) 12.5× · Pricier than median
P/B 2.38× · Priciest 25%
P/S (TTM) 2.58× · Priciest 25%
EV/EBITDA 11.1× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)3 · sector 53
FUTURE (revenue growth)100 · sector 0
PAST (return on equity)73 · sector 11
HEALTH (low debt)62 · sector 83
DIVIDEND (yield)94 · sector 56

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 0016 HK$109.70 HK$153.48 +40%
CK Asset Holdings 1113 HK$46.44 HK$71.69 +54%
Hongkong Land Holdings H78 $8.74 $1.52 −83%
DLF Limited DLF ₹669.50 ₹170.37 −75%
China Overseas Land & Investment Limited 0688 HK$12.43 HK$22.35 +80%
Lodha Developers Limited LODHA ₹1,144 ₹285.04 −75%
PT Pantai Indah Kapuk Dua Tbk, PANI 4,980 IDR 1,325 IDR −73%
Poly Developments and Holdings 600048 ¥5.68 ¥14.20 +150%
CTP N.V CTPNV €13.58 €10.30 −24%
China Merchants Shekou Industrial Zone Holdings 001979 ¥7.27 ¥7.06 −3%

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Cite: Fair Value Calculator (2026). "Run Long Construction Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1808

Frequently asked questions

Is Run Long Construction Co Ltd (1808) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 24.74 TWD versus a price of 31.90 TWD, about −22% upside (overvalued).
What is the fair value of 1808?
Our model-based fair value for Run Long Construction Co Ltd is 24.74 TWD (as of Sep 23, 2026), built from audited fundamentals. The current price: 31.90 TWD.
What is the quality score of 1808?
Run Long Construction Co Ltd has a Quality Score of 29/100. 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 Run Long Construction Co Ltd (1808)?
Our model-based price target is the fair value of 24.74 TWD (as of Sep 23, 2026) from 15 valuation models. Cautious scenario 12.86 TWD, optimistic scenario 26.77 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Run Long Construction Co Ltd stock forecast for 2026?
Our models put fair value at 24.74 TWD, about −22% upside versus a price of 31.90 TWD (overvalued). Cautious scenario 12.86 TWD, optimistic scenario 26.77 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Run Long Construction Co Ltd (1808)?
Run Long Construction Co Ltd reported trailing-twelve-month revenue of about 11.9B TWD (latest available figure, as of Sep 23, 2026).
Does Run Long Construction Co Ltd pay a dividend?
Run Long Construction Co Ltd currently shows a dividend yield of about 4.70% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Run Long Construction Co Ltd (1808)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Run Long Construction Co Ltd it is 24.74 TWD per share (as of Sep 23, 2026), against a price of 31.90 TWD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Run Long Construction Co Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 1808 trades above its calculated fair value: price 31.90 TWD, fair value 24.74 TWD, a gap of about −22% (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 1808?
No. The price is what the market pays today (31.90 TWD); the fair value is what the company's own numbers justify (24.74 TWD). For Run Long Construction Co Ltd the two are 7.16 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Run Long Construction Co Ltd worth?
The market values Run Long Construction Co Ltd at about 30.6B TWD (market capitalisation, as of Sep 23, 2026). Per share that is 31.90 TWD; our models calculate a fair value of 24.74 TWD per share.
What do the bullish and bearish scenarios say about 1808?
Our models span a range for Run Long Construction Co Ltd: cautious scenario 12.86 TWD, base 24.74 TWD, optimistic 26.77 TWD per share (as of Sep 23, 2026, price 31.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1808?
Run Long Construction Co Ltd trades at a price-to-earnings ratio of 12.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 24.74 TWD is built from several models across several years. Other multiples: P/B 2.4, P/S 2.6, EV/EBITDA 11.1.
How solid is the balance sheet of Run Long Construction Co Ltd (1808)?
Balance-sheet figures for Run Long Construction Co Ltd (as of Sep 23, 2026): return on equity 18.4%, debt of 0.76 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is 1808 from its 52-week high?
Run Long Construction Co Ltd trades at 31.90 TWD, about 20% below its 52-week high of 39.85 TWD and 14% above the low of 28.10 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 24.74 TWD is for.
Which stocks are comparable to Run Long Construction Co Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, CK Asset Holdings, Hongkong Land Holdings, DLF Limited, 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 Run Long Construction Co Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price 31.90 TWD, calculated fair value 24.74 TWD (−22%), Quality Score 29/100, 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 1808 calculated?
We run Run Long Construction Co Ltd through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 24.74 TWD, 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 14.1 % above its aggregate fair value. Run Long Construction Co Ltd 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 Run Long Construction Co Ltd (1808)?
The closing price on Sep 24, 2026 was 31.90 TWD. Our model-based fair value is 24.74 TWD, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Run Long Construction Co Ltd right now?
The price sits above even our optimistic bull case (26.77 TWD). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (12.86 TWD to 26.77 TWD) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Run Long Construction Co Ltd (1808) come from?
Earnings per share at Run Long Construction Co Ltd grew +8.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.5 %, EBIT margin +6.0 %, tax rate −1.5 %, residual (interest, one-offs) −0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Run Long Construction Co Ltd

How large is the market capitalisation of Run Long Construction Co Ltd (1808)?
The market capitalisation of Run Long Construction Co Ltd is 30.6B TWD (≈ $959M). 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 Run Long Construction Co Ltd (1808)?
The price-to-sales ratio of Run Long Construction Co Ltd is 2.50 (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 Run Long Construction Co Ltd (1808)?
Earnings per share at Run Long Construction Co Ltd are 2.56 TWD (price ÷ EPS = P/E 12.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Run Long Construction Co Ltd (1808)?
The dividend yield of Run Long Construction Co Ltd is 4.7% (payout 58.6%). 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 Run Long Construction Co Ltd (1808)?
The net margin of Run Long Construction Co Ltd is 20.0% (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 return on equity of Run Long Construction Co Ltd (1808)?
The return on equity (ROE) of Run Long Construction Co Ltd is 18.4% (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 Run Long Construction Co Ltd (1808)?
On an EBIT basis the return on assets of Run Long Construction Co Ltd is 7.5% (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 Run Long Construction Co Ltd (1808)?
The operating margin of Run Long Construction Co Ltd is 22.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Run Long Construction Co Ltd (1808)?
Revenue at Run Long Construction Co Ltd is growing +173% versus a year earlier (3y avg +37.7%). 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 Run Long Construction Co Ltd (1808)?
Earnings per share at Run Long Construction Co Ltd are growing +27.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Run Long Construction Co Ltd (1808) generate?
The free cash flow of Run Long Construction Co Ltd is −1.8B 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 Run Long Construction Co Ltd (1808) carry?
The net debt of Run Long Construction Co Ltd is 28.5B 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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