Lite-On Technology Corp (2301) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Lite-On Technology Corp stock TWD 118, price TWD 212, that is 44.3% below the price, quality 70 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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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
60‑month range 43.98 TWD – 317.50 TWD · fair‑value band 90.54 TWD – 149.76 TWD · the 211.50 TWD price screens above the 117.82 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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Lite-On Technology Corporation, together with its subsidiaries, engages in the research, design, manufacturing, and sale of optoelectronic semiconductor components and power managements modules in Asia, the Americas, Europe, and internationally.
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The company offers optoelectronic semiconductors, including visible, UV, and automotive LEDs, couplers, optical sensors, and IR emitters and detectors; energy management solutions, such as data center power supply systems, cloud server chassis, power supply modules, and magnetic components; and consumer electronics comprising 3C accessories and PC power supply, as well as networking adapter.
It also provides networking and surveillance products, which include video surveillance products, access control and alarms, networking solutions, and server and motherboard; automotive electronics, such as ADAS, AC charging, and DC charging solutions; and roadway intellimation system comprising roadway lighting intellimation products, intelligent traffic signal systems, and AI predictive maintenance solutions.
In addition, the company offers green data center, smart life, clean mobility, and infrastructure solutions.
Further, it is involved in general investment; market information collection and after-sales service; manufacturing and sales of mobile phone molds and assembly lines; CD player sale; software development and applications; IT consultation; and solar system engineering.
The company was founded in 1975 and is headquartered in Taipei, Taiwan.
Stock analysis
Lite-On Technology Corp (2301) currently trades at 211.50 TWD, while our model-based Fair Value estimate is 117.82 TWD, 44% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 139.71 TWD per share, and 0 of the 24 models we run sit above the 211.50 TWD price.
Bear case: the Asset-Based group reads lowest at 21.22 TWD, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 90.54 TWD (bear) to 149.76 TWD (bull), the price of 211.50 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 70/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Lite-On Technology Corp reported revenue of 166B TWD in FY2025 versus 165B TWD in FY2021, a compound +0.2%/yr. Reported net income was 15.1B TWD in FY2025, compounding +2.1%/yr from FY2021.
Key figures
Market cap 547B TWD (≈ $16.6B) Large · P/E ratio 24.6 · P/S ratio 2.77 · EPS (TTM) 8.61 TWD · Dividend yield 1.4% · Net margin 11.2% · Return on equity 24.4% · Return on assets (EBIT) 7.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 52% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 1% fair-value upside, at −44%, 2301 screens richer than that median.
Fair Value models
Bear90.54 TWDFair Value 117.82 TWDBull149.76 TWD
Price 211.50 TWD · Downside -44.3%
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 (4.76 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+21.1%
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.
−1.4%
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.
+1.1%
Start year 2020 (pandemic). Over 10 years: −2.6% a year
Revenue growth 25 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.
+5.5%
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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.
+10.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.3%
Dividend (yield on the price)1.4%
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.9.3% vs 8.1%, steady
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.9% → 10%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 3.5%/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.
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
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).
+30.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+29.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +28.5% a year for the price and +27.6% for the forecasts.
Compare Lite-On Technology Corp with another stock
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 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−44.3% · Below median
Profitability
Return on equity (12 months)24.4% · Top 25%
Return on assets7.4% · Top 25%
Net margin (12 months)11.2% · Top 25%
Operating margin (12 months)15.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)27.9% · Above median
Dividend yield (12 months)1.4% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
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Is Lite-On Technology Corp (2301) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 117.82 TWD versus a price of 211.50 TWD, about 44% lower (overvalued).
What is the fair value of 2301?
Our model-based fair value for Lite-On Technology Corp is 117.82 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 211.50 TWD.
What is the quality score of 2301?
Lite-On Technology Corp has a Quality Score of 70/100. 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 Lite-On Technology Corp (2301)?
Our model-based price target is the fair value of 117.82 TWD (as of Nov 3, 2026) from 24 valuation models. Cautious scenario 90.54 TWD, optimistic scenario 149.76 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Lite-On Technology Corp stock forecast for 2026?
Our models put fair value at 117.82 TWD, about 44% lower versus a price of 211.50 TWD (overvalued). Cautious scenario 90.54 TWD, optimistic scenario 149.76 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Lite-On Technology Corp (2301)?
Lite-On Technology Corp reported trailing-twelve-month revenue of about 198B TWD (latest available figure, as of Nov 3, 2026).
Does Lite-On Technology Corp pay a dividend?
Lite-On Technology Corp currently shows a dividend yield of 1.42% relative to its recent price (as of Nov 3, 2026).
What growth is priced into Lite-On Technology Corp (2301)?
For today's price to be fair in a discounted-cash-flow model, Lite-On Technology Corp would have to grow free cash flow by +30.6 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.1 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 2301 use?
Our models discount Lite-On Technology Corp at 10.5 %: a base by market capitalisation (large), damped by beta 1.28, 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 Lite-On Technology Corp that is +30.6 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Lite-On Technology Corp (2301) delivered so far?
Over the past 5 years revenue at Lite-On Technology Corp grew +1.1 % a year. The price currently implies +30.6 % per year free-cash-flow growth a 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 Lite-On Technology Corp (2301) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into Lite-On Technology Corp (+30.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lite-On Technology Corp (2301)?
The free-cash-flow yield on the price is 1.64 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Lite-On Technology Corp produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lite-On Technology Corp (2301)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lite-On Technology Corp it is 117.82 TWD per share (as of Nov 3, 2026), against a price of 211.50 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Lite-On Technology Corp stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 2301 trades above its calculated fair value: price 211.50 TWD, fair value 117.82 TWD, a gap of about −44% (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 2301?
No. The price is what the market pays today (211.50 TWD); the fair value is what the company's own numbers justify (117.82 TWD). For Lite-On Technology Corp the two are 93.68 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Lite-On Technology Corp worth?
The market values Lite-On Technology Corp at about 547B TWD (market capitalisation, as of Nov 3, 2026). Per share that is 211.50 TWD; our models calculate a fair value of 117.82 TWD per share.
What do the bullish and bearish scenarios say about 2301?
Our models span a range for Lite-On Technology Corp: cautious scenario 90.54 TWD, base 117.82 TWD, optimistic 149.76 TWD per share (as of Nov 3, 2026, price 211.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2301?
Lite-On Technology Corp trades at a price-to-earnings ratio of 24.6 (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 117.82 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 12.3. Other multiples: PEG 0.9, P/B 6.1, P/S 2.8, EV/EBITDA 16.0.
What is the PEG ratio of 2301?
The PEG ratio of Lite-On Technology Corp is 0.86 (P/E divided by earnings growth, as of Nov 3, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Lite-On Technology Corp (2301)?
Balance-sheet figures for Lite-On Technology Corp (as of Nov 3, 2026): return on equity 24.4%, debt of 0.03 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is 2301 from its 52-week high?
Lite-On Technology Corp trades at 211.50 TWD, about 33% below its 52-week high of 317.50 TWD and 52% above the low of 139.22 TWD (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 117.82 TWD is for.
Which stocks are comparable to Lite-On Technology Corp?
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 Lite-On Technology Corp stock attractive at the current price?
The data as of Nov 3, 2026: price 211.50 TWD, calculated fair value 117.82 TWD (−44%), Quality Score 70/100, from 24 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 2301 calculated?
We run Lite-On Technology Corp through 24 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 117.82 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 15.5% above its aggregate fair value. Lite-On Technology Corp 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 Lite-On Technology Corp (2301)?
The closing price on Nov 5, 2026 was 211.50 TWD. Our model-based fair value is 117.82 TWD, about 44% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lite-On Technology Corp right now?
The price sits above even our optimistic bull case (149.76 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (70/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Lite-On Technology Corp (2301) come from?
Earnings per share at Lite-On Technology Corp grew +7.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share −4.1 %, EBIT margin +9.8 %, tax rate +0.5 %, residual (interest, one-offs) +1.2 %. 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 Lite-On Technology Corp
How large is the market capitalisation of Lite-On Technology Corp (2301)?
The market capitalisation of Lite-On Technology Corp is 547B TWD (≈ $16.6B). 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 Lite-On Technology Corp (2301)?
The price-to-sales ratio of Lite-On Technology Corp is 2.77 (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 Lite-On Technology Corp (2301)?
Earnings per share at Lite-On Technology Corp are 8.61 TWD (price ÷ EPS = P/E 24.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lite-On Technology Corp (2301)?
The dividend yield of Lite-On Technology Corp is 1.4% (payout 34.8%). 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 Lite-On Technology Corp (2301)?
The net margin of Lite-On Technology Corp is 11.2% (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 Lite-On Technology Corp (2301)?
The return on equity (ROE) of Lite-On Technology Corp is 24.4% (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 Lite-On Technology Corp (2301)?
On an EBIT basis the return on assets of Lite-On Technology Corp is 7.8% (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 Lite-On Technology Corp (2301)?
The operating margin of Lite-On Technology Corp is 15.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lite-On Technology Corp (2301)?
Revenue at Lite-On Technology Corp is growing +27.9% versus a year earlier (3y avg −1.4%). 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 Lite-On Technology Corp (2301)?
Earnings per share at Lite-On Technology Corp are growing +59.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Lite-On Technology Corp (2301) hold?
Lite-On Technology Corp holds more cash than debt, 56.6B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 3, 2026