Chroma ATE Inc (2360) fair value: what the stock is really worth
We calculate from audited financials what Chroma ATE Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range 119.27 TWD – 2,603 TWD · fair‑value band 370.26 TWD – 1,097 TWD · the 2,375 TWD price screens above the 645.14 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Chroma ATE Inc. designs, assembles, manufactures, sells, repairs, and maintains software/hardware for computers and peripherals, computerized automatic test systems, electronic test instruments, signal generators, power supplies, and telecom power supplies in Taiwan, China, the United States, and internationally.
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Chroma ATE Inc. designs, assembles, manufactures, sells, repairs, and maintains software/hardware for computers and peripherals, computerized automatic test systems, electronic test instruments, signal generators, power supplies, and telecom power supplies in Taiwan, China, the United States, and internationally. The company provides test solutions, such as semiconductor/IC test; automated optical inspection; power electronics; server power and backup battery unit; electric vehicle; battery test and automation; energy storage and power conversion test; passive component; electrical safety; video and color; flat panel display; photonics; LED and driver; photovoltaic; semiconductor/IC; and general-purpose test solutions; battery; photovoltaic/inverter; and turnkey test and automation solutions; automated optical inspection; PXI test and measurement; intelligent manufacturing system, and other solutions. The company also offers warranty, calibration and repair, instrument and test system calibration and repair, customer-site installation, product upgrade, training, technical support, and product support services, as well as replacement parts. Its products are used in information technology, communication, aerospace, and defense industries, as well as hybrid automobiles, LED luminance devices, and solar and fuel cells. The company was incorporated in 1984 and is headquartered in Taoyuan City, Taiwan.
Stock analysis
Chroma ATE Inc (2360) currently trades at 2,375 TWD, while our model-based Fair Value estimate is 645.14 TWD, implying the stock looks roughly 268.2% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 571.79 TWD per share, and 0 of the 26 models we run sit above the 2,375 TWD price.
Bear case: the Dividend Discount group reads lowest at 155.45 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 370.26 TWD (bear) to 1,097 TWD (bull), the price of 2,375 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 72/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Chroma ATE Inc reported revenue of 28.3B TWD in FY2025 versus 17.6B TWD in FY2021, a compound +12.6%/yr. Reported net income was 11.7B TWD in FY2025, compounding +29.3%/yr from FY2021.
Key figures
Market cap 1.0T TWD (≈ $32.2B) · P/E ratio 75.0 · P/S ratio 31.0 · EPS (TTM) 31.67 TWD · Dividend yield 0.8% · Net margin 41.3% · Return on equity 52.1% · Return on assets (EBIT) 15.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −35% fair-value upside, at −73%, 2360 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (50.45 TWD to 773.50 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 370.26 TWDFair Value 645.14 TWDBull 1,097 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (5.75 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.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.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+31.0%
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.
+8.7%
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.
+12.8%
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.
+9.2%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+29.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+28.7%
Dividend (yield on the price)0.8%
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.38% vs 24%, 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.21% → 33%
2025 sits 126% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than 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).
+69.9%
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.
+41.3%
Yearly sales growth analysts expect, extended to five years.
News mood ⓘNews mood, the average tone of recent news (7 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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.Scientific & Technical Instruments · 166 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Chroma ATE Inc Fair Value". https://www.fairvalue-calculator.com/stock/2360
Frequently asked questions
Is Chroma ATE Inc (2360) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of 645.14 TWD versus a price of 2,375 TWD, about −73% upside (overvalued).
What is the fair value of 2360?
Our model-based fair value for Chroma ATE Inc is 645.14 TWD (as of Sep 18, 2026), built from audited fundamentals. The current price: 2,375 TWD.
What is the quality score of 2360?
Chroma ATE Inc has a Quality Score of 72/100. 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 Chroma ATE Inc (2360)?
Our model-based price target is the fair value of 645.14 TWD (as of Sep 18, 2026) from 26 valuation models. Cautious scenario 370.26 TWD, optimistic scenario 1,097 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Chroma ATE Inc stock forecast for 2026?
Our models put fair value at 645.14 TWD, about −73% upside versus a price of 2,375 TWD (overvalued). Cautious scenario 370.26 TWD, optimistic scenario 1,097 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Chroma ATE Inc (2360)?
Chroma ATE Inc reported trailing-twelve-month revenue of about 33.3B TWD (latest available figure, as of Sep 18, 2026).
Does Chroma ATE Inc pay a dividend?
Chroma ATE Inc currently shows a dividend yield of about 0.82% relative to its recent price (as of Sep 18, 2026).
What growth is priced into Chroma ATE Inc (2360)?
For today's price to be fair in a discounted-cash-flow model, Chroma ATE Inc would have to grow free cash flow by +69.9 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.8 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of 2360 use?
Our models discount Chroma ATE Inc at 10.4 %: a base by market capitalisation (large), damped by beta 1.27, 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 Chroma ATE Inc that is +69.9 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Chroma ATE Inc (2360) delivered so far?
Over the past 5 years revenue at Chroma ATE Inc grew +12.8 % a year. The price currently implies +69.9 % 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 Chroma ATE Inc (2360) growing?
The median revenue growth in the sector is +8.0 % a year. That is the yardstick for the growth priced into Chroma ATE Inc (+69.9 % 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 Chroma ATE Inc (2360)?
The free-cash-flow yield on the price is 0.31 %: that much free cash flow Chroma ATE Inc produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chroma ATE Inc (2360)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chroma ATE Inc it is 645.14 TWD per share (as of Sep 18, 2026), against a price of 2,375 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Chroma ATE Inc stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 2360 trades above its calculated fair value: price 2,375 TWD, fair value 645.14 TWD, a gap of about −73% (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 2360?
No. The price is what the market pays today (2,375 TWD); the fair value is what the company's own numbers justify (645.14 TWD). For Chroma ATE Inc the two are 1,730 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Chroma ATE Inc worth?
The market values Chroma ATE Inc at about 1.0T TWD (market capitalisation, as of Sep 18, 2026). Per share that is 2,375 TWD; our models calculate a fair value of 645.14 TWD per share.
What do the bullish and bearish scenarios say about 2360?
Our models span a range for Chroma ATE Inc: cautious scenario 370.26 TWD, base 645.14 TWD, optimistic 1,097 TWD per share (as of Sep 18, 2026, price 2,375 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2360?
Chroma ATE Inc trades at a price-to-earnings ratio of 75.0 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 645.14 TWD is built from several models across several years. Other multiples: PEG 7.2, P/B 25.3, P/S 24.2, EV/EBITDA 64.3.
What is the PEG ratio of 2360?
The PEG ratio of Chroma ATE Inc is 7.21 (P/E divided by earnings growth, as of Sep 18, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Chroma ATE Inc (2360)?
Balance-sheet figures for Chroma ATE Inc (as of Sep 18, 2026): return on equity 52.1%, debt of 0.10 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 2360 from its 52-week high?
Chroma ATE Inc trades at 2,375 TWD, about 15% below its 52-week high of 2,795 TWD and 622% above the low of 329.11 TWD (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of 645.14 TWD is for.
Which stocks are comparable to Chroma ATE Inc?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Teledyne Technologies Incorporated, MKS Inc, 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 Chroma ATE Inc stock attractive at the current price?
The data as of Sep 18, 2026: price 2,375 TWD, calculated fair value 645.14 TWD (−73%), Quality Score 72/100, from 26 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 2360 calculated?
We run Chroma ATE Inc through 26 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 645.14 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 16.1 % above its aggregate fair value. Chroma ATE Inc 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 Chroma ATE Inc (2360)?
The closing price on Sep 21, 2026 was 2,375 TWD. Our model-based fair value is 645.14 TWD, about −73% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chroma ATE Inc right now?
A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (1,097 TWD). The favourable scenario is already priced in. The model range is unusually wide (370.26 TWD to 1,097 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Chroma ATE Inc (2360) come from?
Earnings per share at Chroma ATE Inc grew +18.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.4 %, EBIT margin +8.0 %, tax rate −0.1 %, residual (interest, one-offs) +1.4 %. 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 Chroma ATE Inc
How large is the market capitalisation of Chroma ATE Inc (2360)?
The market capitalisation of Chroma ATE Inc is 1.0T TWD (≈ $32.2B). 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 Chroma ATE Inc (2360)?
The price-to-sales ratio of Chroma ATE Inc is 31.0 (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 Chroma ATE Inc (2360)?
Earnings per share at Chroma ATE Inc are 31.67 TWD (price ÷ EPS = P/E 75.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chroma ATE Inc (2360)?
The dividend yield of Chroma ATE Inc is 0.8% (payout 61.6%). 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 Chroma ATE Inc (2360)?
The net margin of Chroma ATE Inc is 41.3% (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 Chroma ATE Inc (2360)?
The return on equity (ROE) of Chroma ATE Inc is 52.1% (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 Chroma ATE Inc (2360)?
On an EBIT basis the return on assets of Chroma ATE Inc is 15.8% (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 Chroma ATE Inc (2360)?
The operating margin of Chroma ATE Inc is 40.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chroma ATE Inc (2360)?
Revenue at Chroma ATE Inc is growing +72.8% versus a year earlier (3y avg +8.7%). 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 Chroma ATE Inc (2360)?
Earnings per share at Chroma ATE Inc are growing +82.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Chroma ATE Inc (2360) hold?
Chroma ATE Inc holds more cash than debt, 2.3B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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