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ASUSTeK Computer Inc (2357) Fair Value & Analysis

Technology · TW · Market cap 529B TWD

AC ASUSTeK Computer Inc 2357 · TW
Price817.00 TWD
Fair Value937.37 TWD
Upside+14.7%
Quality63/100
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Healthy Growth
Thin margins · 5.2% net margin
Low debt · generates free cash flow
5.97% dividend yield
Ranks above peers (14/15)
Moderate moat 45/100
Evidence: Medium Range 629.94 TWD – 1,294 TWD Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Jul 16, 2026, revised from 937.95 TWD to 937.37 TWD (−0.1%) since Jul 7, 2026. Share price +18.9% over the past month.

A solid business, screening 15% undervalued on our models.

What matters now

  • A fairly wide model range (629.94 TWD to 1,294 TWD) leaves room in how you read the outcome.
  • Our model range runs from 629.94 TWD (bear) to 1,294 TWD (bull), base 937.37 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 63/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

875.14 TWD 184.92 TWD Fair Value 937.37 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 184.92 TWD – 875.14 TWD · fair‑value band 629.94 TWD – 1,294 TWD · the 817.00 TWD price screens below the 937.37 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

ASUSTeK Computer Inc (2357) currently trades at 817.00 TWD, while our model-based Fair Value estimate is 937.37 TWD, implying the stock looks roughly 14.7% undervalued today. We read business quality at 63/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, ASUSTeK Computer Inc generated revenue of 800B TWD at a net margin of 5.2%. Revenue grew 41.1% year over year. It earns a return on equity of 14.6%. The balance sheet holds a net cash position of 58.3B TWD. Fundamentals as of Jul 16, 2026

Our scenario range runs from 629.94 TWD (bear case) to 1,294 TWD (bull case); at 817.00 TWD, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 15% below its 52-week high and 67% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 15%, 2357 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 615.74 TWD 864.00 TWD 1,235 TWD 80
Residual Income 405.06 TWD 508.88 TWD 1,305 TWD 76
Rev-Margin DCF 590.36 TWD 870.64 TWD 1,188 TWD 74
All 26 models by family
DCF Models
FCF DCF 604.29 TWD 879.84 TWD 1,315 TWD 38
Owner Earnings 841.40 TWD 1,252 TWD 1,901 TWD 31
5Y Revenue Exit 590.36 TWD 869.82 TWD 1,224 TWD 39
5Y EBITDA Exit 613.35 TWD 912.40 TWD 1,257 TWD 41
5Y P/E Exit 813.58 TWD 1,283 TWD 1,772 TWD 38
10Y Revenue Exit 575.68 TWD 835.01 TWD 1,178 TWD 36
10Y EBITDA Exit 605.91 TWD 865.10 TWD 1,203 TWD 37
10Y P/E Exit 735.95 TWD 1,127 TWD 1,602 TWD 35
Earnings-Based
Graham-Dodd 407.93 TWD 1,205 TWD 1,594 TWD 54
Lynch FV 252.80 TWD 361.14 TWD 469.48 TWD 50
PEG = 1.0 252.80 TWD 361.14 TWD 469.48 TWD 46
EPV 563.35 TWD 641.43 TWD 710.84 TWD 59
Dividend Discount
Gordon GGM 327.05 TWD 714.00 TWD 1,201 TWD 70
DDM Multi-Stage 327.05 TWD 538.88 TWD 744.10 TWD 61
Multiples
P/E Multiple 899.84 TWD 1,200 TWD 1,500 TWD 63
P/S Multiple 764.87 TWD 1,020 TWD 1,275 TWD 58
P/B Multiple 764.87 TWD 1,020 TWD 1,275 TWD 55
EV/EBIT 841.65 TWD 1,082 TWD 1,322 TWD 53
EV/EBITDA 680.50 TWD 867.04 TWD 1,054 TWD 54
EV/Revenue 606.73 TWD 814.95 TWD 1,023 TWD 43
Asset-Based
NCAV (Graham) 180.61 TWD 242.01 TWD 361.22 TWD 50
Growth DCF
Growth DCF 615.74 TWD 864.00 TWD 1,235 TWD 80
Rev-Margin DCF 590.36 TWD 870.64 TWD 1,188 TWD 74
Economic Profit
Residual Income 405.06 TWD 508.88 TWD 1,305 TWD 76
ROIC Compounder 594.19 TWD 725.80 TWD 882.32 TWD 72
Growth Earnings
Growth-Adj P/E 734.52 TWD 1,049 TWD 1,364 TWD 68

Widest divergence: Growth Earnings (1,049 TWD) versus Asset-Based (242.01 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 800B TWD
Revenue growth (YoY) +41.1%
Net margin 5.2%
Return on equity 14.6%
Free cash flow 30.4B TWD FY2025
P/E ratio 12.0
More key figures
Operating margin 5.7%
EPS (TTM) 59.54 TWD
Dividend yield 6.0%
EPS growth (YoY) -23.5%
Net cash 58.3B TWD FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 57 · Market factors (momentum, volatility) 77

Profitability 53
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 83
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 31
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

ASUSTeK Computer Inc. researches and develops, designs, manufactures, sells, and repairs 3C information products in Taiwan, China, Singapore, Europe, the United States, and internationally.

Full company description

ASUSTeK Computer Inc. researches and develops, designs, manufactures, sells, and repairs 3C information products in Taiwan, China, Singapore, Europe, the United States, and internationally. The company provides phone and accessories; laptops for home, work, creators, students, gaming, and accessories; monitors, projectors, all-in-one PCs, tower PCs, gaming tower PCs, NUCs, mini-PCs, and accessories; and motherboards, graphics cards, cases, cooling, power supply units, sound cards, optical drives, data storage, and external graphics docks. It offers networking/IoT/ servers, such as Wifi 7, 6, and routers, whole home mesh Wifi system, and business network solutions. In addition, the company provides wired networking, intelligent robots, AloT and industrial solutions, servers, and smart home; accessories, which include keyboards, mice and mouse pads, headsets and audio, streaming kits, apparel bags and gear, cases and protection, adapters and chargers, docks dongles and cable, power banks, controllers, and gimbal. Further, it offers Internet information services; maintenance and operating services for information hardware; information technology services; communication products; and leases real estate property. Additionally, the company provides ink-jet print heads and digital image output technology, high-speed analog circuits, industrial and medical computers, interface cards, and medical robots; invests in computer peripheral, Internet service, and automotive electronics businesses; and research, develops, sells, and consults information system software; provides marketing support and repair services for medical computers and peripherals. ASUSTeK Computer Inc. was founded in 1989 and is headquartered in Taipei City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ASUSTeK Computer Inc reported revenue of 739B TWD in FY2025 versus 535B TWD in FY2021, a compound +8.4%/yr. Reported net income was 44.6B TWD in FY2025, compounding +0.0%/yr from FY2021.

Growth Quality 87/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
739B TWD
Latest YoY
+25.9%
Avg. growth/yr (3Y)
+11.2%
Avg. growth/yr (5Y)
+12.4%
Avg. growth/yr (24Y)
+9.4%
Revenue +8.4%/yr
FY21 535B TWD
FY22 537B TWD
FY23 482B TWD
FY24 587B TWD
FY25 739B TWD
Net income +0.0%/yr
FY21 44.5B TWD
FY22 14.7B TWD
FY23 15.9B TWD
FY24 31.4B TWD
FY25 44.6B TWD

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Cite: Fair Value Calculator (2026). "ASUSTeK Computer Inc Fair Value". https://www.fairvalue-calculator.com/stock/2357

Peer Group

Computer Hardware · 217 stocks

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.

Quality Score 63 · Top 25%
Fair Value upside +15% · Top 25%
Return on equity (TTM) 15% · Above median
Return on assets 4% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth 41% · Top 25%
Dividend yield (TTM) 6.0% · Top 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 12.0× · Cheaper than 75% of peers
P/B 1.97× · Pricier than median
P/S (TTM) 0.66× · Cheaper than median
P/FCF 0.5× · Cheaper than median
EV/EBITDA 10.7× · Cheaper than median
PEG 0.52× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 53 · sector 0
FUTURE 100 · sector 55
PAST 58 · sector 26
HEALTH 100 · sector 97
DIVIDEND 100 · sector 42

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is ASUSTeK Computer Inc (2357) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 937.37 TWD versus a price of 817.00 TWD, about +15% (undervalued).
What is the fair value of 2357?
Our model-based fair value for ASUSTeK Computer Inc is 937.37 TWD (as of Jul 16, 2026), built from audited fundamentals. The current price is 817.00 TWD.
What is the quality score of 2357?
ASUSTeK Computer Inc has a Quality Score of 63/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of ASUSTeK Computer Inc (2357)?
ASUSTeK Computer Inc reported trailing-twelve-month revenue of about 800B TWD (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 2357?
The net profit margin of ASUSTeK Computer Inc is about 5.2%, meaning it keeps roughly 5.2% of revenue as net income. Based on the latest reported figures.
Does ASUSTeK Computer Inc pay a dividend?
ASUSTeK Computer Inc currently shows a dividend yield of about 4.71% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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