Ruentex Industries Ltd (2915) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ruentex Industries Ltd stock TWD 48.61, price TWD 53.40, that is 9.0% below the price, quality 58 out of 100. Rating: fairly valued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 41.07 TWD – 95.87 TWD · fair‑value band 38.95 TWD – 54.53 TWD · the 53.40 TWD price screens above the 48.61 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Ruentex Industries Ltd. engages in manufacturing, processing, dyeing, printing, and marketing woven fabrics, garments, knitted fabrics, and woven fabrics products in Taiwan and rest of Asia.
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It operates through Textile, Retail, Operating Construction Sector, Investment, and Department of Hypermarkets segments.
The company is involved in the textiles, hypermarket and retail businesses; international trade business; investment business; construction of housing projects and office buildings, as well as leasing and sale of properties; and operation and management of department stores and markets.
The company was incorporated in 1976 and is based in Taipei, Taiwan.
Stock analysis
Ruentex Industries Ltd (2915) currently trades at 53.40 TWD, while our model-based Fair Value estimate is 48.61 TWD, so the stock looks roughly fairly valued today (gap 9.8%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 150.89 TWD per share, and 9 of the 12 models we run sit above the 53.40 TWD price.
Bear case: the Dividend Discount group reads lowest at 23.88 TWD, and 3 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 38.95 TWD (bear) to 54.53 TWD (bull), the price of 53.40 TWD sits inside 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 58/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2020: revenue and profit before it include the divested business. Growth is measured afresh from 2020.
Ruentex Industries Ltd reported revenue of 2.4B TWD in FY2025 versus 2.7B TWD in FY2021, a compound −2.7%/yr. Reported net income was 9.7B TWD in FY2025, compounding −13.5%/yr from FY2021.
Key figures
Market cap 57.7B TWD (≈ $1.8B) Small · P/E ratio 3.8 · P/S ratio 15.1 · EPS (TTM) 14.21 TWD · Dividend yield 3.6% · Return on equity 26.8% · Return on assets (EBIT) 0.1% (5-year average) · Operating margin 13.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 30% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at −9%, 2915 screens richer than that median.
Fair Value models
Bear38.95 TWDFair Value 48.61 TWDBull54.53 TWD
Price 53.40 TWD · Downside -9.0%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (10.52 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. 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
Owner Earnings79.08 TWD106.63 TWD154.09 TWD77
Residual Income81.44 TWD88.39 TWD99.15 TWD76
5Y P/E Exit70.81 TWD125.12 TWD189.59 TWD69
All 12 models by family
DCF Models
Owner Earnings79.08 TWD106.63 TWD154.09 TWD77
5Y P/E Exit70.81 TWD125.12 TWD189.59 TWD69
10Y P/E Exit39.59 TWD72.05 TWD103.88 TWD63
Earnings-Based
Graham-Dodd61.75 TWD75.47 TWD84.91 TWD67
Dividend Discount
Gordon GGM20.83 TWD22.56 TWD25.15 TWD69
DDM Multi-Stage20.83 TWD25.19 TWD30.95 TWD67
Multiples
P/E Multiple149.84 TWD199.79 TWD249.73 TWD63
P/S Multiple2.04 TWD2.72 TWD3.40 TWD58
P/B Multiple46.29 TWD61.72 TWD77.15 TWD55
Asset-Based
NCAV (Graham)48.22 TWD64.61 TWD96.44 TWD54
Economic Profit
Residual Income81.44 TWD88.39 TWD99.15 TWD76
Growth Earnings
Growth-Adj P/E105.63 TWD150.89 TWD196.16 TWD67
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
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.55/100
Spin-off in 2020: revenue and profit before it include the divested business. Growth is measured afresh from 2020.
Revenue growth 1 year
−16.3%
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.
−5.6%
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.
−2.4%
Start year 2020 (pandemic)
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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.
−2.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.9%
Dividend (yield on the price)3.6%
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.−5.9% vs −0.9%, 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.2% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 10.4%/yr over ~10Y (margins eroding too) ⓘ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
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).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
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.Textile Manufacturing · 337 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−9.0% · Above median
Profitability
Return on equity (12 months)26.8% · Top 25%
Return on assets8.2% · Top 25%
Operating margin (12 months)13.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−10.1% · Bottom 25%
Dividend yield (12 months)3.6% · Above median
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Textile Manufacturing median · lower = cheaper
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Is Ruentex Industries Ltd (2915) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 48.61 TWD versus a price of 53.40 TWD, about 9% lower (fairly valued).
What is the fair value of 2915?
Our model-based fair value for Ruentex Industries Ltd is 48.61 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 53.40 TWD.
What is the quality score of 2915?
Ruentex Industries Ltd has a Quality Score of 58/100. 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 Ruentex Industries Ltd (2915)?
Our model-based price target is the fair value of 48.61 TWD (as of Nov 6, 2026) from 12 valuation models. Cautious scenario 38.95 TWD, optimistic scenario 54.53 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ruentex Industries Ltd stock forecast for 2026?
Our models put fair value at 48.61 TWD, about 9% lower versus a price of 53.40 TWD (fairly valued). Cautious scenario 38.95 TWD, optimistic scenario 54.53 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ruentex Industries Ltd (2915)?
Ruentex Industries Ltd reported trailing-twelve-month revenue of about 2.1B TWD (latest available figure, as of Nov 6, 2026).
Does Ruentex Industries Ltd pay a dividend?
Ruentex Industries Ltd currently shows a dividend yield of 3.56% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Ruentex Industries Ltd (2915) and when is the ex-dividend date?
Ruentex Industries Ltd pays a dividend of 1.90 TWD per share a year, a dividend yield of 3.6%. The last ex-dividend date was Jul 17, 2026. A dividend has been paid every year since 2010. The payout ratio is 13.4% of earnings. Free cash flow covers the dividend 0.06 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Ruentex Industries Ltd (2915)?
For today's price to be fair in a discounted-cash-flow model, Ruentex Industries Ltd would have to grow free cash flow by more than 80 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.4 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 2915 use?
Our models discount Ruentex Industries Ltd at 10.3 %: a base by market capitalisation (small), damped by beta 0.43, 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 Ruentex Industries Ltd that is more than 80 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Ruentex Industries Ltd (2915) delivered so far?
Over the past 5 years revenue at Ruentex Industries Ltd grew -2.4 % a year. The price currently implies free-cash-flow growth of more than 80 % per 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 Ruentex Industries Ltd (2915) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Ruentex Industries Ltd (more than 80 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ruentex Industries Ltd (2915)?
The free-cash-flow yield on the price is 0.20 %: that much free cash flow Ruentex Industries Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ruentex Industries Ltd (2915)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ruentex Industries Ltd it is 48.61 TWD per share (as of Nov 6, 2026), against a price of 53.40 TWD. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Ruentex Industries Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 2915 trades above its calculated fair value: price 53.40 TWD, fair value 48.61 TWD, a gap of about −9% (fairly valued). 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 2915?
No. The price is what the market pays today (53.40 TWD); the fair value is what the company's own numbers justify (48.61 TWD). For Ruentex Industries Ltd the two are 4.79 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ruentex Industries Ltd worth?
The market values Ruentex Industries Ltd at about 57.7B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 53.40 TWD; our models calculate a fair value of 48.61 TWD per share.
What do the bullish and bearish scenarios say about 2915?
Our models span a range for Ruentex Industries Ltd: cautious scenario 38.95 TWD, base 48.61 TWD, optimistic 54.53 TWD per share (as of Nov 6, 2026, price 53.40 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2915?
Ruentex Industries Ltd trades at a price-to-earnings ratio of 3.8 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 48.61 TWD is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 5.6. Other multiples: PEG 1.6, P/B 0.6, P/S 27.1.
What is the PEG ratio of 2915?
The PEG ratio of Ruentex Industries Ltd is 1.62 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Ruentex Industries Ltd (2915)?
Balance-sheet figures for Ruentex Industries Ltd (as of Nov 6, 2026): return on equity 26.8%, debt of 0.09 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 2915 from its 52-week high?
Ruentex Industries Ltd trades at 53.40 TWD, about 14% below its 52-week high of 61.80 TWD and 30% above the low of 41.07 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 48.61 TWD is for.
Which stocks are comparable to Ruentex Industries Ltd?
From the same area (Consumer Cyclical) we also value Tongkun Group, Shenzhou International Group, Inner Mongolia ERDOS Resources Co, Far Eastern New Century 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 Ruentex Industries Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 53.40 TWD, calculated fair value 48.61 TWD (−9%), Quality Score 58/100, from 12 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 2915 calculated?
We run Ruentex Industries Ltd through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 48.61 TWD builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Ruentex Industries Ltd 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 Ruentex Industries Ltd (2915)?
The closing price on Nov 6, 2026 was 53.40 TWD. Our model-based fair value is 48.61 TWD, about 9% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ruentex Industries Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Ruentex Industries Ltd (2915) come from?
Earnings per share at Ruentex Industries Ltd grew −0.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share −11.6 %, EBIT margin −20.0 %, tax rate −0.3 %, residual (interest, one-offs) +41.5 %. 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 Ruentex Industries Ltd
How large is the market capitalisation of Ruentex Industries Ltd (2915)?
The market capitalisation of Ruentex Industries Ltd is 57.7B TWD (≈ $1.8B). 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 Ruentex Industries Ltd (2915)?
The price-to-sales ratio of Ruentex Industries Ltd is 15.1 (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 Ruentex Industries Ltd (2915)?
Earnings per share at Ruentex Industries Ltd are 14.21 TWD (price ÷ EPS = P/E 3.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ruentex Industries Ltd (2915)?
The dividend yield of Ruentex Industries Ltd is 3.6% (payout 13.4%). 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 return on equity of Ruentex Industries Ltd (2915)?
The return on equity (ROE) of Ruentex Industries Ltd is 26.8% (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 Ruentex Industries Ltd (2915)?
On an EBIT basis the return on assets of Ruentex Industries Ltd is 0.1% (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 Ruentex Industries Ltd (2915)?
The operating margin of Ruentex Industries Ltd is 13.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ruentex Industries Ltd (2915)?
Revenue at Ruentex Industries Ltd is growing −10.1% versus a year earlier (3y avg −5.6%). 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 Ruentex Industries Ltd (2915)?
Earnings per share at Ruentex Industries Ltd are growing +643% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ruentex Industries Ltd (2915) carry?
The net debt of Ruentex Industries Ltd is 5.7B TWD (fiscal year 2025, ≈ 50.5 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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Some data
Nov 6, 2026