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Good Way Technology Co Ltd (3272) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Good Way Technology Co Ltd stock TWD 10.68, price TWD 11.60, that is 7.9% below the price, quality 32 out of 100. Rating: fairly valued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Technology TW · ISIN TW0003272001

GW Good Way Technology Co Ltd logo Thin data Nov 3, 2026

Good Way Technology Co Ltd

3272 · TWO
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Fair value 10.68 TWD · Fairly valued
Profit last quarter 60% below a year ago.
Quality 32/100
Weak Growth (revenue 5y −10.5 %/yr in TWD)
Loss-making · -21.0% net margin (TTM)
High debt
Negative free cash flow
Trails peers (3/10)
Narrow moat 9/100
Thin data
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What runs behind every stock

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Price vs Fair Value

49.59 TWD 11.60 TWD Fair Value 10.68 TWD May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range 11.60 TWD – 49.59 TWD · fair‑value band 7.97 TWD – 15.94 TWD · the 11.60 TWD price screens above the 10.68 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.

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Company profile

Good Way Technology Co., Ltd. designs, manufactures, and sells USB and PC peripherals.

Show moreShow less

The company offers docking station products, including USB4, thunderbolt, USB-C display, USB-C USB3.0, and smart dock products; USB multiport and USB-C travel hubs; multiport adapters; USB 5G, video equipment, wireless, and IP extenders; KVM docks; and video capture products.

It also provides Edge AI sensors, such as human presence sensors, unattended cooking alert, and fall detector; as well as AI PTZ Control system. The company was founded in 1983 and is headquartered in New Taipei City, Taiwan.

Stock analysis

Good Way Technology Co Ltd (3272) currently trades at 11.60 TWD, while our model-based Fair Value estimate is 10.68 TWD, so the stock looks roughly fairly valued today (gap 8.6%).

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: 7.97 TWD (bear) to 15.94 TWD (bull), the price of 11.60 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 32/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Good Way Technology Co Ltd reported revenue of 2.9B TWD in FY2025 versus 4.7B TWD in FY2021, a compound −11.0%/yr. Reported net income was −462M TWD in FY2025.

Key figures

Market cap 695M TWD (≈ $21.2M) Micro · P/S ratio 0.28 · EPS (TTM) −9.72 TWD · Net margin −21.0% · Return on equity −57.4% · Return on assets (EBIT) −2.8% (5-year average) · Operating margin −7.0% · Revenue (TTM) 2.8B TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 47% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −8%, 3272 screens richer than that median.

Fair Value models

Bear 7.97 TWD Fair Value 10.68 TWD Bull 15.94 TWD
Price 11.60 TWD · Downside -7.9%
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
NCAV (Graham) 7.97 TWD 10.68 TWD 15.94 TWD 54
All 1 models by family
Asset-Based
NCAV (Graham) 7.97 TWD 10.68 TWD 15.94 TWD 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 32/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 10
How much profit the company makes from its sales and capital
Quality Growth 26
Are margins and returns getting better?
Cashflow 4
Do the profits arrive as real cash?
Financial strength 13
Debt, balance sheet and risk of trouble
Investment 85
Does it invest with discipline instead of growing at any price?
Low Volatility 74
How calm the share price moves, does not count
Price momentum 10
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 95
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+5.4%
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.
−24.4%
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: +0.1% a year
Revenue growth 22 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.
+5.5%
Profit margin (trend) ⓘ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.
4.6% (2020) → −12.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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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 · 213 stocks

Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 32 · Bottom 25%
Fair Value upside −7.9% · Above median
Profitability
Return on assets −10.0% · Bottom 25%
Net margin (12 months) −21.0% · Bottom 25%
Operating margin (12 months) −7.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −6.7% · Bottom 25%
Balance sheet
Debt / equity 2.16× · Highest 25%

Valuation Multiplesvs Computer Hardware median · lower = cheaper

P/B 0.72× · Cheapest 25%
P/S (12 months) 0.25× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)23 · sector 8
FUTURE (revenue growth)0 · sector 84
PAST (return on equity)0 · sector 33
HEALTH (low debt)0 · sector 97
DIVIDEND (yield)0 · sector 50

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
HP Inc HPQ $28.46 $52.85 +86% vs 3272
Lenovo Group 0992 HK$19.41 HK$33.69 +74% vs 3272
Hangzhou Hikvision Digital Technology Co 002415 ¥35.25 ¥46.76 +33% vs 3272
Sandisk Corporation SNDK $835.06 $789.73 −5% vs 3272
Arista Networks, Inc ANET $170.80 $160.68 −6% vs 3272
Quanta Computer Inc 2382 296.50 TWD 213.20 TWD −28% vs 3272
Western Digital Corporation WDC $263.78 $175.91 −33% vs 3272
Dell Technologies Inc DELL $328.53 $195.72 −40% vs 3272
Everpure, Inc P $96.75 $57.04 −41% vs 3272
Seagate Technology Holdings STX $460.99 $208.25 −55% vs 3272

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Good Way Technology Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Good Way Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3272

Frequently asked questions

Is Good Way Technology Co Ltd (3272) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 10.68 TWD versus a price of 11.60 TWD, about 8% lower (fairly valued).
What is the fair value of 3272?
Our model-based fair value for Good Way Technology Co Ltd is 10.68 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 11.60 TWD.
What is the quality score of 3272?
Good Way Technology Co Ltd has a Quality Score of 32/100. 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 Good Way Technology Co Ltd (3272)?
Our model-based price target is the fair value of 10.68 TWD (as of Nov 3, 2026) from 1 valuation models. Cautious scenario 7.97 TWD, optimistic scenario 15.94 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Good Way Technology Co Ltd stock forecast for 2026?
Our models put fair value at 10.68 TWD, about 8% lower versus a price of 11.60 TWD (fairly valued). Cautious scenario 7.97 TWD, optimistic scenario 15.94 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Good Way Technology Co Ltd (3272)?
Good Way Technology Co Ltd reported trailing-twelve-month revenue of about 2.8B TWD (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of Good Way Technology Co Ltd (3272)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Good Way Technology Co Ltd it is 10.68 TWD per share (as of Nov 3, 2026), against a price of 11.60 TWD. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Good Way Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 3272 trades above its calculated fair value: price 11.60 TWD, fair value 10.68 TWD, a gap of about −8% (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 3272?
No. The price is what the market pays today (11.60 TWD); the fair value is what the company's own numbers justify (10.68 TWD). For Good Way Technology Co Ltd the two are 0.9200 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Good Way Technology Co Ltd worth?
The market values Good Way Technology Co Ltd at about 695M TWD (market capitalisation, as of Nov 3, 2026). Per share that is 11.60 TWD; our models calculate a fair value of 10.68 TWD per share.
What do the bullish and bearish scenarios say about 3272?
Our models span a range for Good Way Technology Co Ltd: cautious scenario 7.97 TWD, base 10.68 TWD, optimistic 15.94 TWD per share (as of Nov 3, 2026, price 11.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Good Way Technology Co Ltd (3272)?
Balance-sheet figures for Good Way Technology Co Ltd (as of Nov 3, 2026): return on equity −57.4%, debt of 2.16 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is 3272 from its 52-week high?
Good Way Technology Co Ltd trades at 11.60 TWD, about 47% below its 52-week high of 21.70 TWD and at the low of 11.60 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 10.68 TWD is for.
Which stocks are comparable to Good Way Technology Co Ltd?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Sandisk Corporation, Seagate Technology Holdings, 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 Good Way Technology Co Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price 11.60 TWD, calculated fair value 10.68 TWD (−8%), Quality Score 32/100, from 1 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 3272 calculated?
We run Good Way Technology Co Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 10.68 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 13.3% above its aggregate fair value. Good Way 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 Good Way Technology Co Ltd (3272)?
The closing price on Nov 6, 2026 was 11.60 TWD. Our model-based fair value is 10.68 TWD, about 8% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Good Way Technology Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (7.97 TWD to 15.94 TWD) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Good Way Technology Co Ltd

How large is the market capitalisation of Good Way Technology Co Ltd (3272)?
The market capitalisation of Good Way Technology Co Ltd is 695M TWD (≈ $21.2M). 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 Good Way Technology Co Ltd (3272)?
The price-to-sales ratio of Good Way Technology Co Ltd is 0.28 (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 Good Way Technology Co Ltd (3272)?
Earnings per share at Good Way Technology Co Ltd are −9.72 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Good Way Technology Co Ltd (3272)?
The net margin of Good Way Technology Co Ltd is −21.0% (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 Good Way Technology Co Ltd (3272)?
The return on equity (ROE) of Good Way Technology Co Ltd is −57.4% (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 Good Way Technology Co Ltd (3272)?
On an EBIT basis the return on assets of Good Way Technology Co Ltd is −2.8% (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 Good Way Technology Co Ltd (3272)?
The operating margin of Good Way Technology Co Ltd is −7.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Good Way Technology Co Ltd (3272)?
Revenue at Good Way Technology Co Ltd is growing −6.7% versus a year earlier (3y avg −24.4%). 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 Good Way Technology Co Ltd (3272)?
Earnings per share at Good Way Technology Co Ltd are growing −60.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Good Way Technology Co Ltd (3272) generate?
The free cash flow of Good Way Technology Co Ltd is −328M 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 Good Way Technology Co Ltd (3272) carry?
The net debt of Good Way Technology Co Ltd is 1.9B 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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