Parataxis Ethereum, Inc. (290560) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Parataxis Ethereum, Inc. stock KRW 3,369, price KRW 1,920, upside +75.5%, quality 56 out of 100. Rating: strongly undervalued. 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. As of Nov 5, 2026.
How to read this chart
36‑month range 797.00 KRW – 3,522 KRW · fair‑value band 2,525 KRW – 4,214 KRW · the 1,920 KRW price screens below the 3,369 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Parataxis Ethereum, Inc. provides database security solutions for businesses in South Korea and the rest of Asia. The company engages in the digital asset treasury business, where it integrates digital assets into the balance sheet as long-term strategic reserves.
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It serves the public, financial, manufacturing, and service sectors. The company was formerly known as Sinsiway Co., Ltd. and changed its name to Parataxis Ethereum, Inc. in February 2013. The company was founded in 2005 and is headquartered in Seoul, South Korea.
Stock analysis
Parataxis Ethereum, Inc. (290560) currently trades at 1,920 KRW, while our model-based Fair Value estimate is 3,369 KRW, implying the stock looks roughly 43% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 4,975 KRW per share, and 22 of the 24 models we run sit above the 1,920 KRW price.
Bear case: the Asset-Based group reads lowest at 755.79 KRW, and 2 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 2,525 KRW (bear) to 4,214 KRW (bull), the price of 1,920 KRW sits below 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 56/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Parataxis Ethereum, Inc. reported revenue of 14.0B KRW in FY2025 versus 7.9B KRW in FY2021, a compound +15.5%/yr. Reported net income was 3.3B KRW in FY2025, compounding +34.8%/yr from FY2021.
Key figures
Market cap 35.3B KRW (≈ $26.3M) Micro · P/S ratio 1.50 · EPS (TTM) −5.77 KRW · Net margin −0.8% · Return on equity −0.5% · Return on assets (EBIT) 9.1% · Operating margin 26.6% · Revenue (TTM) 15.8B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 141% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −16% fair-value upside, at 75%, 290560 screens cheaper than that median.
Fair Value models
Bear2,525 KRWFair Value 3,369 KRWBull4,214 KRW
Price 1,920 KRW · Upside +75.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCF3,364 KRW6,096 KRW11,316 KRW73
Growth DCF3,310 KRW5,762 KRW10,171 KRW72
5Y EBITDA Exit2,931 KRW4,950 KRW7,550 KRW71
All 24 models by family
DCF Models
FCF DCF3,364 KRW6,096 KRW11,316 KRW73
Owner Earnings2,771 KRW4,975 KRW9,093 KRW70
5Y Revenue Exit2,408 KRW3,823 KRW5,762 KRW69
5Y EBITDA Exit2,931 KRW4,950 KRW7,550 KRW71
5Y P/E Exit3,438 KRW6,044 KRW9,141 KRW67
10Y Revenue Exit2,640 KRW4,134 KRW6,489 KRW63
10Y EBITDA Exit3,051 KRW4,986 KRW8,062 KRW64
10Y P/E Exit3,396 KRW5,815 KRW9,462 KRW60
Earnings-Based
Graham-Dodd1,033 KRW5,546 KRW7,686 KRW61
Lynch FV1,533 KRW2,191 KRW2,848 KRW58
PEG = 1.01,533 KRW2,191 KRW2,848 KRW55
EPV1,732 KRW1,945 KRW2,133 KRW71
Multiples
P/E Multiple3,190 KRW4,254 KRW5,317 KRW63
P/S Multiple1,937 KRW2,583 KRW3,228 KRW58
P/B Multiple5,363 KRW7,151 KRW8,938 KRW55
EV/EBIT2,971 KRW3,964 KRW4,957 KRW66
EV/EBITDA2,404 KRW3,209 KRW4,013 KRW67
EV/Revenue1,497 KRW2,143 KRW2,788 KRW53
Asset-Based
NCAV (Graham)498.82 KRW755.79 KRW944.74 KRW54
Growth DCF
Growth DCF3,310 KRW5,762 KRW10,171 KRW72
Rev-Margin DCF2,408 KRW3,791 KRW5,668 KRW69
Economic Profit
Residual Income1,131 KRW1,384 KRW2,001 KRW67
ROIC Compounder1,943 KRW2,533 KRW3,341 KRW69
Growth Earnings
Growth-Adj P/E2,639 KRW3,769 KRW4,900 KRW65
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+18.4%
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.
+12.9%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in KRW ⓘ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 KRW: 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.
+22.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.0%
Dividend (yield on the price)0.0%
Profit margin 2021 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.14% → 26%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−17.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −19.0% a year for the price.
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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.Software - Infrastructure · 345 stocks
Beats the industry median on 9/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+75.5% · Top 25%
Profitability
Return on assets9.9% · Top 25%
Net margin (12 months)−0.8% · Below median
Operating margin (12 months)26.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)33.7% · Top 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
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). "Parataxis Ethereum, Inc. Fair Value". https://www.fairvalue-calculator.com/stock/290560
Frequently asked questions
Is Parataxis Ethereum, Inc. (290560) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 3,369 KRW versus a price of 1,920 KRW, about +75% upside (undervalued).
What is the fair value of 290560?
Our model-based fair value for Parataxis Ethereum, Inc. is 3,369 KRW (as of Nov 5, 2026), built from audited fundamentals. The current price: 1,920 KRW.
What is the quality score of 290560?
Parataxis Ethereum, Inc. has a Quality Score of 56/100. 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 Parataxis Ethereum, Inc. (290560)?
Our model-based price target is the fair value of 3,369 KRW (as of Nov 5, 2026) from 24 valuation models. Cautious scenario 2,525 KRW, optimistic scenario 4,214 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Parataxis Ethereum, Inc. stock forecast for 2026?
Our models put fair value at 3,369 KRW, about +75% upside versus a price of 1,920 KRW (undervalued). Cautious scenario 2,525 KRW, optimistic scenario 4,214 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Parataxis Ethereum, Inc. (290560)?
Parataxis Ethereum, Inc. reported trailing-twelve-month revenue of about 15.8B KRW (latest available figure, as of Nov 5, 2026).
What growth is priced into Parataxis Ethereum, Inc. (290560)?
For today's price to be fair in a discounted-cash-flow model, Parataxis Ethereum, Inc. would have to grow free cash flow by -17.3 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +15.5 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 290560 use?
Our models discount Parataxis Ethereum, Inc. at 8.9 %: a base by market capitalisation (nano), damped by beta 0.09, country premium for South Korea. 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 Parataxis Ethereum, Inc. that is -17.3 % per year a year over ten years, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has Parataxis Ethereum, Inc. (290560) delivered so far?
Over the past 4 years revenue at Parataxis Ethereum, Inc. grew +15.5 % a year. The price currently implies -17.3 % 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 Parataxis Ethereum, Inc. (290560) growing?
The median revenue growth in the sector is +15.6 % a year. That is the yardstick for the growth priced into Parataxis Ethereum, Inc. (-17.3 % 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 Parataxis Ethereum, Inc. (290560)?
The free-cash-flow yield on the price is 12.89 %: that much free cash flow Parataxis Ethereum, Inc. produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Parataxis Ethereum, Inc. (290560)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Parataxis Ethereum, Inc. it is 3,369 KRW per share (as of Nov 5, 2026), against a price of 1,920 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Parataxis Ethereum, Inc. stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 290560 trades below its calculated fair value: price 1,920 KRW, fair value 3,369 KRW, a gap of about +75% (undervalued). 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 290560?
No. The price is what the market pays today (1,920 KRW); the fair value is what the company's own numbers justify (3,369 KRW). For Parataxis Ethereum, Inc. the two are 1,449 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Parataxis Ethereum, Inc. worth?
The market values Parataxis Ethereum, Inc. at about 35.3B KRW (market capitalisation, as of Nov 5, 2026). Per share that is 1,920 KRW; our models calculate a fair value of 3,369 KRW per share.
What do the bullish and bearish scenarios say about 290560?
Our models span a range for Parataxis Ethereum, Inc.: cautious scenario 2,525 KRW, base 3,369 KRW, optimistic 4,214 KRW per share (as of Nov 5, 2026, price 1,920 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Parataxis Ethereum, Inc. (290560)?
Balance-sheet figures for Parataxis Ethereum, Inc. (as of Nov 5, 2026): return on equity −0.5%, debt of 0.15 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is 290560 from its 52-week high?
Parataxis Ethereum, Inc. trades at 1,920 KRW, about 8% below its 52-week high of 2,080 KRW and 141% above the low of 797.00 KRW (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of 3,369 KRW is for.
Which stocks are comparable to Parataxis Ethereum, Inc.?
From the same area (Technology) we also value Microsoft Corporation, Palantir Technologies Inc, Oracle Corporation, Palo Alto Networks, 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 Parataxis Ethereum, Inc. stock attractive at the current price?
The data as of Nov 5, 2026: price 1,920 KRW, calculated fair value 3,369 KRW (+75%), Quality Score 56/100, from 24 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 290560 calculated?
We run Parataxis Ethereum, Inc. through 24 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 3,369 KRW, 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 15.0% above its aggregate fair value. Parataxis Ethereum, Inc. currently trades 43% below its own fair value, and the market average says nothing about that. 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 Parataxis Ethereum, Inc. (290560)?
The closing price on Nov 4, 2026 was 1,920 KRW. Our model-based fair value is 3,369 KRW, about +75% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Parataxis Ethereum, Inc. right now?
The price is below even our cautious bear case (2,525 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Parataxis Ethereum, Inc.
How large is the market capitalisation of Parataxis Ethereum, Inc. (290560)?
The market capitalisation of Parataxis Ethereum, Inc. is 35.3B KRW (≈ $26.3M). 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 Parataxis Ethereum, Inc. (290560)?
The price-to-sales ratio of Parataxis Ethereum, Inc. is 1.50 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Parataxis Ethereum, Inc. (290560)?
Earnings per share at Parataxis Ethereum, Inc. are −5.77 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Parataxis Ethereum, Inc. (290560)?
The net margin of Parataxis Ethereum, Inc. is −0.8% (last twelve months). 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 Parataxis Ethereum, Inc. (290560)?
The return on equity (ROE) of Parataxis Ethereum, Inc. is −0.5% (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 Parataxis Ethereum, Inc. (290560)?
On an EBIT basis the return on assets of Parataxis Ethereum, Inc. is 9.1% (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 Parataxis Ethereum, Inc. (290560)?
The operating margin of Parataxis Ethereum, Inc. is 26.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Parataxis Ethereum, Inc. (290560)?
Revenue at Parataxis Ethereum, Inc. is growing +33.7% versus a year earlier (3y avg +12.9%). 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 Parataxis Ethereum, Inc. (290560)?
Earnings per share at Parataxis Ethereum, Inc. are growing +36.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Parataxis Ethereum, Inc. (290560) carry?
The net debt of Parataxis Ethereum, Inc. is 211M KRW (fiscal year 2021, ≈ 0.0 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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Thin data
Nov 5, 2026