Wistron Corp (3231) fair value: what the stock is really worth
We calculate from audited financials what Wistron Corp is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 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 18, 2026.
How to read this chart
60‑month range 22.76 TWD – 198.00 TWD · fair‑value band 116.79 TWD – 216.89 TWD · the 186.50 TWD price screens above the 166.84 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Wistron Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of information technology products in the United States, Europe, China, and internationally.
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Wistron Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of information technology products in the United States, Europe, China, and internationally. The company is involved in research, development, and testing of products and semi-furnished products, and its peripheral equipment, and components, including desktop and portable computers, motherboards, servers, system platforms, multiprocessor computer systems, multimedia computers, network computers, consumer and special computers, microprocessors, CD-ROMs, PDAs, tablet computer, pocket computers, and interface cards. It also provides video and internet telephones, and video conferencing and telecommunication equipment; digital satellite TV receivers, set-top boxes, digital video decoders, and multi-media home appliances; digital cameras, CD players, and digital CD players; wireless receiver products comprising mobile phones, wireless LAN cards, and Bluetooth communication modules; and LCD TVs, and other electronic audio and visual products. In addition, the company designs and merchandises computer software and programs; recycles electronic waste; and offers in vitro diagnostic devices, therapeutic equipment, intelligent assistive devices, diagnostic x-ray units, physiological signal diagnostic devices, and medical data systems. Further, it is involved in the manufacturing, processing, and selling of electronic automotive products; maintenance and cleaning of electronics products; import and export trade business; sale and maintenance of computer products and related parts and components, data storage equipment, and digital monitoring systems; internet platform development; provision and sale of application services and consultation; and repair of electronic products. Wistron Corporation was incorporated in 2001 and is headquartered in Taipei, Taiwan.
Stock analysis
Wistron Corp (3231) currently trades at 186.50 TWD, while our model-based Fair Value estimate is 166.84 TWD, implying the stock looks roughly 11.8% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 241.33 TWD per share, and 8 of the 17 models we run sit above the 186.50 TWD price.
Bear case: the DCF Models group reads lowest at 20.81 TWD, and 9 of the 17 models stay below the price. Evidence for this calculation is medium.
Scenario range: 116.79 TWD (bear) to 216.89 TWD (bull), the price of 186.50 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 29/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Wistron Corp reported revenue of 2.2T TWD in FY2025 versus 862B TWD in FY2021, a compound +26.2%/yr. Reported net income was 27.4B TWD in FY2025, compounding +16.8%/yr from FY2021.
Key figures
Market cap 456B TWD (≈ $14.4B) · P/E ratio 19.7 · P/S ratio 0.25 · EPS (TTM) 9.49 TWD · Dividend yield 2.0% · Net margin 1.3% · Return on equity 27.2% · Return on assets (EBIT) 6.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 7% below its 52-week high and 71% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −31% fair-value upside, at −11%, 3231 screens cheaper than that median.
Fair Value models
Bear 116.79 TWDFair Value 166.84 TWDBull 216.89 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 (6.08 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+108.4%
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.
+30.5%
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.
+20.9%
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.
+15.4%
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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.
+1.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.0%
Dividend (yield on the price)2.0%
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.−1% vs 15%, 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% → 4%
News mood ⓘNews mood, the average tone of recent news (87 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
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.Computer Hardware · 225 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside−2% · Above median
Profitability
Return on equity (TTM)27% · Top 25%
Return on assets5% · Above median
Net margin (TTM)1% · Below median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth144% · Top 25%
Dividend yield (TTM)2.0% · Above median
Balance sheet
Debt / equity0.54× · Highest 25%
Valuation Multiplesvs Computer Hardware 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). "Wistron Corp Fair Value". https://www.fairvalue-calculator.com/stock/3231
Frequently asked questions
Is Wistron Corp (3231) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of 166.84 TWD versus a price of 186.50 TWD, about −11% upside (overvalued).
What is the fair value of 3231?
Our model-based fair value for Wistron Corp is 166.84 TWD (as of Sep 18, 2026), built from audited fundamentals. The current price: 186.50 TWD.
What is the quality score of 3231?
Wistron Corp has a Quality Score of 29/100. 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 Wistron Corp (3231)?
Our model-based price target is the fair value of 166.84 TWD (as of Sep 18, 2026) from 17 valuation models. Cautious scenario 116.79 TWD, optimistic scenario 216.89 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Wistron Corp stock forecast for 2026?
Our models put fair value at 166.84 TWD, about −11% upside versus a price of 186.50 TWD (overvalued). Cautious scenario 116.79 TWD, optimistic scenario 216.89 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Wistron Corp (3231)?
Wistron Corp reported trailing-twelve-month revenue of about 2.7T TWD (latest available figure, as of Sep 18, 2026).
Does Wistron Corp pay a dividend?
Wistron Corp currently shows a dividend yield of about 2.02% relative to its recent price (as of Sep 18, 2026).
What is the intrinsic value of Wistron Corp (3231)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wistron Corp it is 166.84 TWD per share (as of Sep 18, 2026), against a price of 186.50 TWD. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Wistron Corp stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 3231 trades above its calculated fair value: price 186.50 TWD, fair value 166.84 TWD, a gap of about −11% (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 3231?
No. The price is what the market pays today (186.50 TWD); the fair value is what the company's own numbers justify (166.84 TWD). For Wistron Corp the two are 19.66 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Wistron Corp worth?
The market values Wistron Corp at about 456B TWD (market capitalisation, as of Sep 18, 2026). Per share that is 186.50 TWD; our models calculate a fair value of 166.84 TWD per share.
What do the bullish and bearish scenarios say about 3231?
Our models span a range for Wistron Corp: cautious scenario 116.79 TWD, base 166.84 TWD, optimistic 216.89 TWD per share (as of Sep 18, 2026, price 186.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3231?
Wistron Corp trades at a price-to-earnings ratio of 19.7 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 166.84 TWD is built from several models across several years. Other multiples: PEG 0.9, P/B 2.6, P/S 0.2, EV/EBITDA 3.9.
What is the PEG ratio of 3231?
The PEG ratio of Wistron Corp is 0.90 (P/E divided by earnings growth, as of Sep 18, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Wistron Corp (3231)?
Balance-sheet figures for Wistron Corp (as of Sep 18, 2026): return on equity 27.2%, debt of 0.54 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is 3231 from its 52-week high?
Wistron Corp trades at 186.50 TWD, about 7% below its 52-week high of 201.00 TWD and 71% above the low of 109.00 TWD (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of 166.84 TWD is for.
Which stocks are comparable to Wistron Corp?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Hygon Information Technology Co, 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 Wistron Corp stock attractive at the current price?
The data as of Sep 18, 2026: price 186.50 TWD, calculated fair value 166.84 TWD (−11%), Quality Score 29/100, from 17 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 3231 calculated?
We run Wistron Corp through 17 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 166.84 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 16.1 % above its aggregate fair value. Wistron Corp 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 Wistron Corp (3231)?
The closing price on Sep 21, 2026 was 186.50 TWD. Our model-based fair value is 166.84 TWD, about −11% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wistron Corp right now?
A fairly wide model range (116.79 TWD to 216.89 TWD) leaves room in how you read the outcome. 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 Wistron Corp (3231) come from?
Earnings per share at Wistron Corp grew +19.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.4 %, EBIT margin +20.7 %, tax rate −0.6 %, residual (interest, one-offs) −5.0 %. 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 Wistron Corp
How large is the market capitalisation of Wistron Corp (3231)?
The market capitalisation of Wistron Corp is 456B TWD (≈ $14.4B). 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 Wistron Corp (3231)?
The price-to-sales ratio of Wistron Corp is 0.25 (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 Wistron Corp (3231)?
Earnings per share at Wistron Corp are 9.49 TWD (price ÷ EPS = P/E 19.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wistron Corp (3231)?
The dividend yield of Wistron Corp is 2.0% (payout 39.7%). 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 Wistron Corp (3231)?
The net margin of Wistron Corp is 1.3% (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 Wistron Corp (3231)?
The return on equity (ROE) of Wistron Corp is 27.2% (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 Wistron Corp (3231)?
On an EBIT basis the return on assets of Wistron Corp is 6.2% (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 Wistron Corp (3231)?
The operating margin of Wistron Corp is 3.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wistron Corp (3231)?
Revenue at Wistron Corp is growing +144% versus a year earlier (3y avg +30.5%). 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 Wistron Corp (3231)?
Earnings per share at Wistron Corp are growing +59.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Wistron Corp (3231) generate?
The free cash flow of Wistron Corp is −145B TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Wistron Corp (3231) carry?
The net debt of Wistron Corp is 202B TWD (fiscal year 2025). 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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