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Giga-Byte Technology Co (2376) Fair Value & Analysis

Technology · TW · Market cap 225B TWD

GB Giga-Byte Technology Co 2376 · TW
Price344.00 TWD
Fair Value337.90 TWD
Upside-1.8%
Quality48/100
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Mixed Growth
Thin margins · 3.8% net margin
Low debt · generates free cash flow
3.58% dividend yield
Ranks above peers (10/14)
Moderate moat 53/100
Evidence: High Range 216.99 TWD – 423.64 TWD Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Share price +2.7% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (216.99 TWD to 423.64 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

399.00 TWD 64.87 TWD Fair Value 337.90 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 64.87 TWD – 399.00 TWD · fair‑value band 216.99 TWD – 423.64 TWD · the 344.00 TWD price screens above the 337.90 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Giga-Byte Technology Co (2376) currently trades at 344.00 TWD, while our model-based Fair Value estimate is 337.90 TWD, implying the stock looks roughly 1.8% fairly valued today. The Quality Score stands at 48/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Giga-Byte Technology Co generated revenue of 376B TWD at a net margin of 3.8%. Revenue grew 59.8% year over year. It earns a return on equity of 24.7%. Net debt stands at 3.4B TWD. Fundamentals as of Jul 12, 2026

Our scenario range runs from 216.99 TWD (bear case) to 423.64 TWD (bull case); at 344.00 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 14% 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 -2%, 2376 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 131.08 TWD 209.95 TWD 359.71 TWD 80
Residual Income 120.58 TWD 151.45 TWD 509.18 TWD 76
Rev-Margin DCF 234.72 TWD 421.33 TWD 676.35 TWD 74
All 26 models by family
DCF Models
FCF DCF 132.67 TWD 216.33 TWD 394.40 TWD 38
Owner Earnings 306.92 TWD 573.88 TWD 1,095 TWD 31
5Y Revenue Exit 234.72 TWD 431.87 TWD 715.94 TWD 39
5Y EBITDA Exit 243.49 TWD 450.93 TWD 726.15 TWD 41
5Y P/E Exit 254.01 TWD 473.77 TWD 740.19 TWD 38
10Y Revenue Exit 194.31 TWD 376.90 TWD 689.81 TWD 36
10Y EBITDA Exit 209.10 TWD 391.63 TWD 699.01 TWD 37
10Y P/E Exit 216.39 TWD 409.27 TWD 711.67 TWD 35
Earnings-Based
Graham-Dodd 123.74 TWD 678.96 TWD 941.94 TWD 54
Lynch FV 188.90 TWD 269.86 TWD 350.82 TWD 50
PEG = 1.0 188.90 TWD 269.86 TWD 350.82 TWD 46
EPV 241.23 TWD 275.68 TWD 306.30 TWD 59
Dividend Discount
Gordon GGM 96.19 TWD 210.00 TWD 353.33 TWD 70
DDM Multi-Stage 96.19 TWD 172.02 TWD 218.85 TWD 61
Multiples
P/E Multiple 272.95 TWD 363.94 TWD 454.92 TWD 63
P/S Multiple 232.01 TWD 309.35 TWD 386.68 TWD 58
P/B Multiple 198.50 TWD 264.67 TWD 330.84 TWD 55
EV/EBIT 384.03 TWD 496.70 TWD 609.37 TWD 53
EV/EBITDA 303.26 TWD 389.00 TWD 474.75 TWD 54
EV/Revenue 273.86 TWD 371.51 TWD 469.16 TWD 43
Asset-Based
NCAV (Graham) 44.11 TWD 59.11 TWD 88.22 TWD 50
Growth DCF
Growth DCF 131.08 TWD 209.95 TWD 359.71 TWD 80
Rev-Margin DCF 234.72 TWD 421.33 TWD 676.35 TWD 74
Economic Profit
Residual Income 120.58 TWD 151.45 TWD 509.18 TWD 76
ROIC Compounder 265.76 TWD 336.05 TWD 422.83 TWD 72
Growth Earnings
Growth-Adj P/E 268.14 TWD 383.05 TWD 497.97 TWD 68

Widest divergence: DCF Models (409.27 TWD) versus Asset-Based (59.11 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 376B TWD
Revenue growth (YoY) +59.8%
Net margin 3.8%
Return on equity 24.7%
Free cash flow 4.0B TWD FY2025
P/E ratio 19.6
More key figures
Operating margin 7.1%
EPS (TTM) 17.20 TWD
Dividend yield 3.6%
EPS growth (YoY) +66.3%
Net debt 3.4B TWD FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 67

Profitability 59
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 37
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 77
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 34
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

Giga-Byte Technology Co., Ltd., together with its subsidiaries, manufactures, processes, and trades in computer hardware peripherals and components in Taiwan, Europe, America, Canada, Singapore, Japan, China, Malaysia, and internationally. It operates through Brand Business Group; and Other Business Group segments.

Full company description

Giga-Byte Technology Co., Ltd., together with its subsidiaries, manufactures, processes, and trades in computer hardware peripherals and components in Taiwan, Europe, America, Canada, Singapore, Japan, China, Malaysia, and internationally. It operates through Brand Business Group; and Other Business Group segments. The company offers motherboards, graphic cards, laptops, monitors, storage devices, and desktop. It also provides PC peripherals, such as keyboards, mouse products, headsets, and gaming chairs; and PC components comprising PC cases, CPU coolers, power supply products, PC accessory, and memory and SSD products, as well as DIY kits. In addition, the company offers server and workstation motherboards; AI and rack server; workstation products; direct liquid and immersion cooling; open compute project; add-in cards and expansion module; and e-mobility and embedded computing solutions. Further, it provides product solutions in storage, cloud infrastructure, cooling, software, AIoT, SMB and workstation, edge, high-performance, and AI computing, as well as server and rack-mounted computing products and integrated data centers. Giga-Byte Technology Co., Ltd. was founded in 1986 and is headquartered in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Giga-Byte Technology Co reported revenue of 337B TWD in FY2025 versus 122B TWD in FY2021, a compound +28.9%/yr. Reported net income was 12.2B TWD in FY2025, compounding −2.2%/yr from FY2021.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
337B TWD
Latest YoY
+27.1%
Avg. growth/yr (3Y)
+46.5%
Avg. growth/yr (5Y)
+31.8%
Avg. growth/yr (24Y)
+10.9%
Revenue +28.9%/yr
FY21 122B TWD
FY22 107B TWD
FY23 137B TWD
FY24 265B TWD
FY25 337B TWD
Net income −2.2%/yr
FY21 13.3B TWD
FY22 6.5B TWD
FY23 4.7B TWD
FY24 9.8B TWD
FY25 12.2B TWD

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Cite: Fair Value Calculator (2026). "Giga-Byte Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/2376

Peer Group

Computer Hardware · 215 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 48 · Below median
Fair Value upside −2% · Above median
Return on equity (TTM) 25% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 60% · Top 25%
Dividend yield (TTM) 3.6% · Above median
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 19.6× · Cheaper than median
P/B 3.81× · Pricier than 75% of peers
P/S (TTM) 0.60× · Cheaper than median
P/FCF 1.8× · Pricier than median
EV/EBITDA 9.4× · Cheaper than median

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 31 · sector 0
FUTURE 100 · sector 57
PAST 99 · sector 26
HEALTH 92 · sector 97
DIVIDEND 72 · sector 44

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 12, 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 Giga-Byte Technology Co (2376) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 337.90 TWD versus a price of 344.00 TWD, about −2% (fairly valued).
What is the fair value of 2376?
Our model-based fair value for Giga-Byte Technology Co is 337.90 TWD (as of Jul 12, 2026), built from audited fundamentals. The current price is 344.00 TWD.
What is the quality score of 2376?
Giga-Byte Technology Co has a Quality Score of 48/100. 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 revenue of Giga-Byte Technology Co (2376)?
Giga-Byte Technology Co reported trailing-twelve-month revenue of about 376B TWD (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 2376?
The net profit margin of Giga-Byte Technology Co is about 3.8%, meaning it keeps roughly 3.8% of revenue as net income. Based on the latest reported figures.
Does Giga-Byte Technology Co pay a dividend?
Giga-Byte Technology Co currently shows a dividend yield of about 3.21% relative to its recent price (as of Jul 12, 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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