Pan Jit International Inc (2481) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Pan Jit International Inc TWD 45.06, price TWD 175, upside -74.2%, quality 55 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 33.22 TWD – 227.50 TWD · fair‑value band 33.80 TWD – 57.56 TWD · the 174.50 TWD price screens above the 45.06 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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PANJIT International Inc. manufactures, processes, assembles, imports, and exports semiconductors in Taiwan, Asia, the Americas, Europe, and internationally. It manufactures and sells wafers, power components, and control modules.
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PANJIT International Inc. manufactures, processes, assembles, imports, and exports semiconductors in Taiwan, Asia, the Americas, Europe, and internationally. It manufactures and sells wafers, power components, and control modules. The company also engages in the research and development, design, manufacture, and technology consultation of power IC, field effect transistors, and fast recovery diodes; and sale of solar electricity. In addition, it offers MOSFET and Schottky products, SiC devices, signal chain and motor control ICs, temperature sensors, IGBTs, diode rectifiers, protection devices, bipolar junction transistors, bridges, and package technology. Its products are used in automotive, power supply, industrial, computing, consumer, and communication applications. The company was incorporated in 1986 and is headquartered in Kaohsiung, Taiwan.
Stock analysis
Pan Jit International Inc (2481) currently trades at 174.50 TWD, while our model-based Fair Value estimate is 45.06 TWD, implying the stock looks roughly 287.3% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 65.44 TWD per share, and 0 of the 22 models we run sit above the 174.50 TWD price.
Bear case: the Earnings-Based group reads lowest at 11.30 TWD, and 22 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: 33.80 TWD (bear) to 57.56 TWD (bull), the price of 174.50 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 55/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Pan Jit International Inc reported revenue of 13.1B TWD in FY2025 versus 13.9B TWD in FY2021, a compound −1.4%/yr. Reported net income was 1.2B TWD in FY2025, compounding −11.3%/yr from FY2021.
Key figures
Market cap 77.8B TWD (≈ $2.4B) · P/E ratio 55.6 · P/S ratio 5.06 · EPS (TTM) 3.14 TWD · Dividend yield 1.0% · Net margin 9.1% · Return on equity 8.9% · Return on assets (EBIT) 4.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 155% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −34% fair-value upside, at −74%, 2481 screens richer than that median.
Fair Value models
Bear 33.80 TWDFair Value 45.06 TWDBull 57.56 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 (0.9802 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.68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.4%
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.
−0.3%
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.
+4.5%
Start year 2020 (pandemic). Over 10 years: −1.3% 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.
+7.6%
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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.
+0.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.1%
Dividend (yield on the price)1.0%
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.0% vs 8%, slowing
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.10% → 9%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 2.3%/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
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).
+27.7%
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.
+15.2%
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 +25.7% a year for the price and +13.4% for the forecasts.
Compare Pan Jit International Inc with another stock
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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.Semiconductor Equipment & Materials · 217 stocks
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Cite: Fair Value Calculator (2026). "Pan Jit International Inc Fair Value". https://www.fairvalue-calculator.com/stock/2481
Frequently asked questions
Is Pan Jit International Inc (2481) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 45.06 TWD versus a price of 174.50 TWD, about −74% upside (overvalued).
What is the fair value of 2481?
Our model-based fair value for Pan Jit International Inc is 45.06 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 174.50 TWD.
What is the quality score of 2481?
Pan Jit International Inc has a Quality Score of 55/100. 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 Pan Jit International Inc (2481)?
Our model-based price target is the fair value of 45.06 TWD (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 33.80 TWD, optimistic scenario 57.56 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Pan Jit International Inc stock forecast for 2026?
Our models put fair value at 45.06 TWD, about −74% upside versus a price of 174.50 TWD (overvalued). Cautious scenario 33.80 TWD, optimistic scenario 57.56 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Pan Jit International Inc (2481)?
Pan Jit International Inc reported trailing-twelve-month revenue of about 13.4B TWD (latest available figure, as of Sep 24, 2026).
Does Pan Jit International Inc pay a dividend?
Pan Jit International Inc currently shows a dividend yield of about 1.03% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Pan Jit International Inc (2481)?
For today's price to be fair in a discounted-cash-flow model, Pan Jit International Inc would have to grow free cash flow by +27.7 % per year for five years (discount rate 12.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2481 use?
Our models discount Pan Jit International Inc at 12.8 %: a base by market capitalisation (small), damped by beta 1.36, 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 Pan Jit International Inc that is +27.7 % per year a year over ten years, using the same discount rate (12.8 %) and the same formula as our fair value.
How much growth has Pan Jit International Inc (2481) delivered so far?
Over the past 5 years revenue at Pan Jit International Inc grew +4.5 % a year. The price currently implies +27.7 % 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 Pan Jit International Inc (2481) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Pan Jit International Inc (+27.7 % 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 Pan Jit International Inc (2481)?
The free-cash-flow yield on the price is 2.96 %: that much free cash flow Pan Jit International Inc produces per unit of market value. When it exceeds the discount rate of our models (12.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Pan Jit International Inc (2481)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pan Jit International Inc it is 45.06 TWD per share (as of Sep 24, 2026), against a price of 174.50 TWD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Pan Jit International Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2481 trades above its calculated fair value: price 174.50 TWD, fair value 45.06 TWD, a gap of about −74% (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 2481?
No. The price is what the market pays today (174.50 TWD); the fair value is what the company's own numbers justify (45.06 TWD). For Pan Jit International Inc the two are 129.44 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Pan Jit International Inc worth?
The market values Pan Jit International Inc at about 77.8B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 174.50 TWD; our models calculate a fair value of 45.06 TWD per share.
What do the bullish and bearish scenarios say about 2481?
Our models span a range for Pan Jit International Inc: cautious scenario 33.80 TWD, base 45.06 TWD, optimistic 57.56 TWD per share (as of Sep 24, 2026, price 174.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2481?
Pan Jit International Inc trades at a price-to-earnings ratio of 55.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 45.06 TWD is built from several models across several years. Other multiples: PEG 0.4, P/B 5.3, P/S 5.8, EV/EBITDA 41.1.
What is the PEG ratio of 2481?
The PEG ratio of Pan Jit International Inc is 0.41 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Pan Jit International Inc (2481)?
Balance-sheet figures for Pan Jit International Inc (as of Sep 24, 2026): return on equity 8.9%, debt of 0.36 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 2481 from its 52-week high?
Pan Jit International Inc trades at 174.50 TWD, about 23% below its 52-week high of 227.50 TWD and 155% above the low of 68.45 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 45.06 TWD is for.
Which stocks are comparable to Pan Jit International Inc?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, 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 Pan Jit International Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 174.50 TWD, calculated fair value 45.06 TWD (−74%), Quality Score 55/100, from 22 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 2481 calculated?
We run Pan Jit International Inc through 22 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 45.06 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. Pan Jit International 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 Pan Jit International Inc (2481)?
The closing price on Sep 24, 2026 was 174.50 TWD. Our model-based fair value is 45.06 TWD, about −74% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pan Jit International Inc right now?
The price sits above even our optimistic bull case (57.56 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Pan Jit International Inc (2481) come from?
Earnings per share at Pan Jit International Inc grew +9.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share −3.2 %, EBIT margin +3.0 %, tax rate +3.9 %, residual (interest, one-offs) +5.4 %. 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 Pan Jit International Inc
How large is the market capitalisation of Pan Jit International Inc (2481)?
The market capitalisation of Pan Jit International Inc is 77.8B TWD (≈ $2.4B). 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 Pan Jit International Inc (2481)?
The price-to-sales ratio of Pan Jit International Inc is 5.06 (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 Pan Jit International Inc (2481)?
Earnings per share at Pan Jit International Inc are 3.14 TWD (price ÷ EPS = P/E 55.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Pan Jit International Inc (2481)?
The dividend yield of Pan Jit International Inc is 1.0% (payout 57.3%). 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 Pan Jit International Inc (2481)?
The net margin of Pan Jit International Inc is 9.1% (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 Pan Jit International Inc (2481)?
The return on equity (ROE) of Pan Jit International Inc is 8.9% (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 Pan Jit International Inc (2481)?
On an EBIT basis the return on assets of Pan Jit International Inc is 4.7% (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 Pan Jit International Inc (2481)?
The operating margin of Pan Jit International Inc is 6.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pan Jit International Inc (2481)?
Revenue at Pan Jit International Inc is growing +11.4% versus a year earlier (3y avg −0.3%). 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 Pan Jit International Inc (2481)?
Earnings per share at Pan Jit International Inc are growing +4.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Pan Jit International Inc (2481) carry?
The net debt of Pan Jit International Inc is 7.5B TWD (fiscal year 2025, ≈ 3.2 yrs of FCF). 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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