Parataxis Ethereum, Inc. (290560) Fair Value & Analysis
Technology · KR · Market cap 25.1B KRW (≈ $17.6M)
What is Parataxis Ethereum, Inc. really worth?
A solid business, trading 54% below our fair value of 2,727 KRW.
Strengths
Risks
Fair value as of: Aug 21, 2026
From 24 valuation models · updated 14 days ago
Share price +36.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (2,043 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 (55/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
34‑month range 797.00 KRW – 3,522 KRW · fair‑value band 2,043 KRW – 3,411 KRW · the 1,257 KRW price screens below the 2,727 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.
Analysis
Parataxis Ethereum, Inc. (290560) currently trades at 1,257 KRW, while our model-based Fair Value estimate is 2,727 KRW, implying the stock looks roughly 53.9% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of 4,921 KRW per share, and 23 of the 24 models we run sit above the 1,257 KRW price. Bear case: the Asset-Based group reads lowest at 799.95 KRW, and 1 of the 24 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Parataxis Ethereum, Inc. generated revenue of 14.7B KRW at a net margin of 21.8%. Revenue grew 36.0% year over year. It earns a return on equity of 11.9%. Net debt stands at 211M KRW. Fundamentals as of Aug 21, 2026
Our scenario range runs from 2,043 KRW (bear case) to 3,411 KRW (bull case); at 1,257 KRW, the current price sits below 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. For context, the median of 10 Technology peers we cover trades at −32% fair-value upside, at 117%, 290560 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: DCF Models (4,921 KRW) versus Asset-Based (799.95 KRW). Highest evidence: FCF DCF (73).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 32
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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. It serves the public, financial, manufacturing, and service sectors.
Full company description
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. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
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Peer Group
Software - Infrastructure · 384 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 Software - Infrastructure median · lower = cheaper
Strength profile in five axes (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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $480.35 | $365.74 | −24% |
| Oracle Corporation ORCL | $151.94 | $117.84 | −22% |
| Fortinet, Inc FTNT | $166.00 | $61.46 | −63% |
| Synopsys, Inc SNPS | $442.61 | $101.19 | −77% |
| Block, Inc XYZ | A$111.01 | A$70.69 | −36% |
| CoreWeave, Inc CRWV | $105.26 | $71.79 | −32% |
| NetApp, Inc NTAP | $190.64 | $154.83 | −19% |
| Adyen N.V ADYEN | €1,007 | €707.53 | −30% |
| MongoDB, Inc MDB | $440.58 | $93.91 | −79% |
| Okta, Inc OKTA | $166.23 | $30.50 | −82% |
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