Adata Technology Co Ltd (3260) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Adata Technology Co Ltd TWD 320, price TWD 383, upside -16.5%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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ADATA Technology Co., Ltd. manufactures and sells memory products worldwide. The company provides computer memory products, solid state drives (SSDs), external SSDs/external hard drives, USB flash drives, memory cards, power banks, USB cables, and AI translators.
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ADATA Technology Co., Ltd. manufactures and sells memory products worldwide. The company provides computer memory products, solid state drives (SSDs), external SSDs/external hard drives, USB flash drives, memory cards, power banks, USB cables, and AI translators. It also offers axial flux motors, air-cooled motors, liquid-cooled motors, and motor controllers; and LED lighting products. In addition, the company offers notebooks, PC parts and components, peripherals, keyboard, mouse, and headset. Further, it is involved in venue leasing, culture, and education, creative and art and catering, herb cultivation and farm activities; trades in electronic material and components, and car equipment; and wholesale and retail of food products. Additionally, the company engages in design, manufacture, and selling of semiconductor components, as well as research, develops, manufactures, and sells earphones. Furthermore, it is involved in the agricultural biotech related business. The company was incorporated in 2001 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Adata Technology Co Ltd (3260) currently trades at 383.00 TWD, while our model-based Fair Value estimate is 319.89 TWD, implying the stock looks roughly 19.7% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 456.60 TWD per share, and 11 of the 25 models we run sit above the 383.00 TWD price.
Bear case: the Asset-Based group reads lowest at 49.10 TWD, and 14 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: 157.69 TWD (bear) to 585.82 TWD (bull), the price of 383.00 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 47/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Adata Technology Co Ltd reported revenue of 53.1B TWD in FY2025 versus 39.6B TWD in FY2021, a compound +7.6%/yr. Reported net income was 7.3B TWD in FY2025, compounding +34.2%/yr from FY2021.
Key figures
Market cap 122B TWD (≈ $3.8B) · P/E ratio 16.7 · P/S ratio 2.29 · EPS (TTM) 22.97 TWD · Dividend yield 4.4% · Net margin 13.7% · Return on equity 35.1% · Return on assets (EBIT) 8.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 177% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at −16%, 3260 screens cheaper than that median.
Fair Value models
Bear 157.69 TWDFair Value 319.89 TWDBull 585.82 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 (4.37 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
+32.1%
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.
+15.0%
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.
+10.5%
Start year 2020 (pandemic). Over 10 years: +10.1% a year
Revenue growth 19 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.
+0.8%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+38.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+34.0%
Dividend (yield on the price)4.4%
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.34% vs 17%, picking up
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.7% → 17%
2025 sits 343% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
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.
Compare Adata Technology Co Ltd with another stock
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.Semiconductors · 335 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−17% · Above median
Profitability
Return on equity (TTM)66% · Top 25%
Return on assets18% · Top 25%
Net margin (TTM)24% · Top 25%
Operating margin (TTM)47% · Top 25%
Growth and dividend
Revenue growth163% · Top 25%
Dividend yield (TTM)4.4% · Top 25%
Balance sheet
Debt / equity0.69× · Highest 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Adata Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3260
Frequently asked questions
Is Adata Technology Co Ltd (3260) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 319.89 TWD versus a price of 383.00 TWD, about −16% upside (overvalued).
What is the fair value of 3260?
Our model-based fair value for Adata Technology Co Ltd is 319.89 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 383.00 TWD.
What is the quality score of 3260?
Adata Technology Co Ltd has a Quality Score of 47/100. 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 Adata Technology Co Ltd (3260)?
Our model-based price target is the fair value of 319.89 TWD (as of Sep 24, 2026) from 25 valuation models. Cautious scenario 157.69 TWD, optimistic scenario 585.82 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Adata Technology Co Ltd stock forecast for 2026?
Our models put fair value at 319.89 TWD, about −16% upside versus a price of 383.00 TWD (overvalued). Cautious scenario 157.69 TWD, optimistic scenario 585.82 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Adata Technology Co Ltd (3260)?
Adata Technology Co Ltd reported trailing-twelve-month revenue of about 53.1B TWD (latest available figure, as of Sep 24, 2026).
Does Adata Technology Co Ltd pay a dividend?
Adata Technology Co Ltd currently shows a dividend yield of about 4.44% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Adata Technology Co Ltd (3260)?
For today's price to be fair in a discounted-cash-flow model, Adata Technology Co Ltd would have to grow free cash flow by more than 80 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3260 use?
Our models discount Adata Technology Co Ltd at 9.8 %: a base by market capitalisation (large), damped by beta 1.01, 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 Adata Technology Co Ltd that is more than 80 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Adata Technology Co Ltd (3260) delivered so far?
Over the past 5 years revenue at Adata Technology Co Ltd grew +10.5 % a year. The price currently implies more than 80 % 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 Adata Technology Co Ltd (3260) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Adata Technology Co Ltd (more than 80 % 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 Adata Technology Co Ltd (3260)?
The free-cash-flow yield on the price is 0.21 %: that much free cash flow Adata Technology Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Adata Technology Co Ltd (3260)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Adata Technology Co Ltd it is 319.89 TWD per share (as of Sep 24, 2026), against a price of 383.00 TWD. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Adata Technology Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3260 trades above its calculated fair value: price 383.00 TWD, fair value 319.89 TWD, a gap of about −16% (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 3260?
No. The price is what the market pays today (383.00 TWD); the fair value is what the company's own numbers justify (319.89 TWD). For Adata Technology Co Ltd the two are 63.11 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Adata Technology Co Ltd worth?
The market values Adata Technology Co Ltd at about 122B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 383.00 TWD; our models calculate a fair value of 319.89 TWD per share.
What do the bullish and bearish scenarios say about 3260?
Our models span a range for Adata Technology Co Ltd: cautious scenario 157.69 TWD, base 319.89 TWD, optimistic 585.82 TWD per share (as of Sep 24, 2026, price 383.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3260?
Adata Technology Co Ltd trades at a price-to-earnings ratio of 16.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 319.89 TWD is built from several models across several years. Other multiples: P/B 5.3, P/S 1.8, EV/EBITDA 6.1.
How solid is the balance sheet of Adata Technology Co Ltd (3260)?
Balance-sheet figures for Adata Technology Co Ltd (as of Sep 24, 2026): return on equity 66.4%, debt of 0.69 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 3260 from its 52-week high?
Adata Technology Co Ltd trades at 383.00 TWD, about 25% below its 52-week high of 508.00 TWD and 177% above the low of 138.37 TWD (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 319.89 TWD is for.
Which stocks are comparable to Adata Technology Co Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix 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 Adata Technology Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 383.00 TWD, calculated fair value 319.89 TWD (−16%), Quality Score 47/100, from 25 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 3260 calculated?
We run Adata Technology Co Ltd through 25 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 319.89 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 14.1 % above its aggregate fair value. Adata Technology Co 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 Adata Technology Co Ltd (3260)?
The closing price on Sep 23, 2026 was 383.00 TWD. Our model-based fair value is 319.89 TWD, about −16% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Adata Technology Co Ltd right now?
The model range is unusually wide (157.69 TWD to 585.82 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Adata Technology Co Ltd (3260) come from?
Earnings per share at Adata Technology Co Ltd grew −0.3 % a year from 2012 to 2023. Broken into its drivers: revenue per share +0.0 %, EBIT margin +2.7 %, tax rate −0.7 %, residual (interest, one-offs) −2.2 %. 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 Adata Technology Co Ltd
How large is the market capitalisation of Adata Technology Co Ltd (3260)?
The market capitalisation of Adata Technology Co Ltd is 122B TWD (≈ $3.8B). 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 Adata Technology Co Ltd (3260)?
The price-to-sales ratio of Adata Technology Co Ltd is 2.29 (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 Adata Technology Co Ltd (3260)?
Earnings per share at Adata Technology Co Ltd are 22.97 TWD (price ÷ EPS = P/E 16.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Adata Technology Co Ltd (3260)?
The dividend yield of Adata Technology Co Ltd is 4.4% (payout 74.0%). 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 Adata Technology Co Ltd (3260)?
The net margin of Adata Technology Co Ltd is 13.7% (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 Adata Technology Co Ltd (3260)?
The return on equity (ROE) of Adata Technology Co Ltd is 35.1% (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 Adata Technology Co Ltd (3260)?
On an EBIT basis the return on assets of Adata Technology Co Ltd is 8.0% (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 Adata Technology Co Ltd (3260)?
The operating margin of Adata Technology Co Ltd is 35.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Adata Technology Co Ltd (3260)?
Revenue at Adata Technology Co Ltd is growing +60.9% versus a year earlier (3y avg +15.0%). 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 Adata Technology Co Ltd (3260)?
Earnings per share at Adata Technology Co Ltd are growing +11.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Adata Technology Co Ltd (3260) carry?
The net debt of Adata Technology Co Ltd is 23.7B TWD (fiscal year 2025, ≈ 94.0 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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