Taiwan Business Bank, Ltd (2834) Fair Value & Analysis

Financial Services · TW · Market cap 176B TWD

A solid business, 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.
• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

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 9.15 TWD – 19.20 TWD · fair‑value band 12.27 TWD – 20.45 TWD · the 16.50 TWD price screens above the 16.36 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.

Full chart & analysis →

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Analysis

Taiwan Business Bank, Ltd (2834) currently trades at 16.50 TWD, while our model-based Fair Value estimate is 16.36 TWD, implying the stock looks roughly 0.9% fairly valued today. The Quality Score stands at 57/100 (solid quality), in the Financial Services 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, Taiwan Business Bank, Ltd generated revenue of 33.6B TWD at a net margin of 37.9%. Revenue grew 10.2% year over year. It earns a return on equity of 9.0%. Net debt stands at 159B TWD. Fundamentals as of Jul 16, 2026

Our scenario range runs from 12.27 TWD (bear case) to 20.45 TWD (bull case); at 16.50 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 4% below its 52-week high and 11% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -1%, 2834 screens richer 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.

Widest divergence: Multiples (16.36 TWD) versus Dividend Discount (1.90 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Taiwan Business Bank, Ltd., together with its subsidiaries, engages in the provision of banking products and services to small and medium enterprise in Taiwan, the United States, Hong Kong, Australia, China, Cambodia, and Japan. The company operates through Banking, Securities, Trust, Insurance Agency Department, and Other departments.

Full company description

Taiwan Business Bank, Ltd., together with its subsidiaries, engages in the provision of banking products and services to small and medium enterprise in Taiwan, the United States, Hong Kong, Australia, China, Cambodia, and Japan. The company operates through Banking, Securities, Trust, Insurance Agency Department, and Other departments. It engages in the provision of deposits, remittance, foreign currencies, credit lines, and securities investment. The company also offers securities brokerage, financing, and futures trading support services, as well as a platform for securities investment. In addition, it is involved in securities signing, custodian banking, new types of trusts, and investing of specific money trusts in domestic and foreign securities. Further, the company provides personal and property insurance products; and engages in leasing, venture capital, consulting, and microfinance activities. Taiwan Business Bank, Ltd. was founded in 1915 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Taiwan Business Bank, Ltd reported revenue of 15.2B TWD in FY2025 versus 30.3B TWD in FY2021, a compound −15.8%/yr. Reported net income was 12.2B TWD in FY2025, compounding +24.4%/yr from FY2021.

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Peer Group

Banks - Regional · 1083 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.

Valuation Multiples vs Banks - Regional median · lower = cheaper

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.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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

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Frequently asked questions

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.