G.M.I Technology Inc (3312) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of G.M.I Technology Inc stock TWD 22.11, price TWD 42.10, that is 47.5% below the price, quality 39 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 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 8, 2026.
How to read this chart
60‑month range 16.10 TWD – 108.00 TWD · fair‑value band 13.44 TWD – 23.32 TWD · the 42.10 TWD price screens above the 22.11 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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GMI Technology Inc. operates as an electronic components distributor and applications solutions provider worldwide. It offers range of products, including consumer electronics, home appliances, information technology and networking, data and telecommunications, industrial, and power solutions.
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The company also provides various applications solutions, including Internet of Things, Bluetooth speaker, smart voice control, android smart TV box solution, car ethernet, SSD, type C, and other solutions, as well as BLDC range hood solutions and small appliances.
In addition, it offers marketing, design, FAE, logistics and VMI, and payment gateway VAT services. GMI Technology Inc. was founded in 1995 and is headquartered in Taipei, Taiwan.
Stock analysis
G.M.I Technology Inc (3312) currently trades at 42.10 TWD, while our model-based Fair Value estimate is 22.11 TWD, 47% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 39.69 TWD per share, and 3 of the 16 models we run sit above the 42.10 TWD price.
Bear case: the Asset-Based group reads lowest at 9.69 TWD, and 13 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 13.44 TWD (bear) to 23.32 TWD (bull), the price of 42.10 TWD sits above 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 39/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
G.M.I Technology Inc reported revenue of 21.0B TWD in FY2025 versus 18.9B TWD in FY2021, a compound +2.8%/yr. Reported net income was 289M TWD in FY2025, compounding −10.3%/yr from FY2021.
Key figures
Market cap 7.7B TWD (≈ $234M) Micro · P/E ratio 10.9 · P/S ratio 0.34 · EPS (TTM) 3.88 TWD · Dividend yield 3.1% · Net margin 3.1% · Return on equity 19.6% · Return on assets (EBIT) 5.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (medium confidence).
What moves the price
The share trades about 42% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at −47%, 3312 screens richer than that median.
Fair Value models
Bear13.44 TWDFair Value 22.11 TWDBull23.32 TWD
Price 42.10 TWD · Downside -47.5%
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 (2.21 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
Residual Income15.81 TWD16.31 TWD17.41 TWD76
EPV24.23 TWD26.01 TWD27.44 TWD74
ROIC Compounder24.77 TWD27.68 TWD30.88 TWD72
All 16 models by family
Earnings-Based
Graham-Dodd10.75 TWD37.76 TWD50.80 TWD64
Lynch FV8.82 TWD12.59 TWD16.37 TWD61
PEG = 1.08.82 TWD12.59 TWD16.37 TWD57
EPV24.23 TWD26.01 TWD27.44 TWD74
Dividend Discount
Gordon GGM8.43 TWD13.86 TWD17.75 TWD68
DDM Multi-Stage8.43 TWD13.25 TWD14.93 TWD67
Multiples
P/E Multiple33.19 TWD44.25 TWD55.31 TWD63
P/S Multiple20.15 TWD26.87 TWD33.58 TWD58
P/B Multiple21.54 TWD28.72 TWD35.90 TWD55
EV/EBIT41.89 TWD58.37 TWD74.85 TWD66
EV/EBITDA31.23 TWD44.16 TWD57.09 TWD67
EV/Revenue17.45 TWD28.16 TWD38.87 TWD53
Asset-Based
NCAV (Graham)6.39 TWD9.69 TWD12.11 TWD54
Economic Profit
Residual Income15.81 TWD16.31 TWD17.41 TWD76
ROIC Compounder24.77 TWD27.68 TWD30.88 TWD72
Growth Earnings
Growth-Adj P/E27.78 TWD39.69 TWD51.60 TWD67
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+18.7%
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.
+2.8%
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.
+9.0%
Start year 2020 (pandemic). Over 10 years: +3.4% a year
Revenue growth 21 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.
+6.6%
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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.
+11.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.3%
Dividend (yield on the price)3.1%
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.8.3% vs 15.3%, 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% → 2%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 1.2%/yr over ~10Y (margins intact) ⓘ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.
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.Electronics & Computer Distribution · 149 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside−47.5% · Bottom 25%
Profitability
Return on equity (12 months)19.6% · Top 25%
Return on assets2.6% · Below median
Net margin (12 months)3.1% · Above median
Operating margin (12 months)2.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)26.1% · Above median
Dividend yield (12 months)3.1% · Below median
Balance sheet
Debt / equity0.25× · Highest 25%
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
P/E (12 months)10.9× · Cheaper than median
P/B1.97× · Pricier than median
P/S (12 months)0.34× · Cheaper than median
EV/EBITDA10.4× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 39
FUTURE (revenue growth)100· sector 76
PAST (return on equity)78· sector 41
HEALTH (low debt)88· sector 98
DIVIDEND (yield)62· sector 62
VALUE 0: the price sits above our fair-value range.
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.
Is G.M.I Technology Inc (3312) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 22.11 TWD versus a price of 42.10 TWD, about 47% lower (overvalued).
What is the fair value of 3312?
Our model-based fair value for G.M.I Technology Inc is 22.11 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 42.10 TWD.
What is the quality score of 3312?
G.M.I Technology Inc has a Quality Score of 39/100. 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 G.M.I Technology Inc (3312)?
Our model-based price target is the fair value of 22.11 TWD (as of Nov 8, 2026) from 16 valuation models. Cautious scenario 13.44 TWD, optimistic scenario 23.32 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the G.M.I Technology Inc stock forecast for 2026?
Our models put fair value at 22.11 TWD, about 47% lower versus a price of 42.10 TWD (overvalued). Cautious scenario 13.44 TWD, optimistic scenario 23.32 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of G.M.I Technology Inc (3312)?
G.M.I Technology Inc reported trailing-twelve-month revenue of about 22.3B TWD (latest available figure, as of Nov 8, 2026).
Does G.M.I Technology Inc pay a dividend?
G.M.I Technology Inc currently shows a dividend yield of 3.09% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of G.M.I Technology Inc (3312) and when is the ex-dividend date?
G.M.I Technology Inc pays a dividend of 1.30 TWD per share a year, a dividend yield of 3.1%. The last ex-dividend date was Sep 8, 2026. The payout ratio is 33.5% of earnings. 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 is the intrinsic value of G.M.I Technology Inc (3312)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For G.M.I Technology Inc it is 22.11 TWD per share (as of Nov 8, 2026), against a price of 42.10 TWD. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is G.M.I Technology Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 3312 trades above its calculated fair value: price 42.10 TWD, fair value 22.11 TWD, a gap of about −47% (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 3312?
No. The price is what the market pays today (42.10 TWD); the fair value is what the company's own numbers justify (22.11 TWD). For G.M.I Technology Inc the two are 19.99 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is G.M.I Technology Inc worth?
The market values G.M.I Technology Inc at about 7.7B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 42.10 TWD; our models calculate a fair value of 22.11 TWD per share.
What do the bullish and bearish scenarios say about 3312?
Our models span a range for G.M.I Technology Inc: cautious scenario 13.44 TWD, base 22.11 TWD, optimistic 23.32 TWD per share (as of Nov 8, 2026, price 42.10 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3312?
G.M.I Technology Inc trades at a price-to-earnings ratio of 10.9 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 22.11 TWD is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 11.0. Other multiples: P/B 2.0, P/S 0.3, EV/EBITDA 10.4.
How solid is the balance sheet of G.M.I Technology Inc (3312)?
Balance-sheet figures for G.M.I Technology Inc (as of Nov 8, 2026): return on equity 19.6%, debt of 0.25 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is 3312 from its 52-week high?
G.M.I Technology Inc trades at 42.10 TWD, about 42% below its 52-week high of 73.20 TWD and 33% above the low of 31.70 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 22.11 TWD is for.
Which stocks are comparable to G.M.I Technology Inc?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Arrow Electronics, Inc, Avnet, 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 G.M.I Technology Inc stock attractive at the current price?
The data as of Nov 8, 2026: price 42.10 TWD, calculated fair value 22.11 TWD (−47%), Quality Score 39/100, from 16 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 3312 calculated?
We run G.M.I Technology Inc through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 22.11 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. G.M.I Technology Inc 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 G.M.I Technology Inc (3312)?
The closing price on Nov 9, 2026 was 42.10 TWD. Our model-based fair value is 22.11 TWD, about 47% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with G.M.I Technology Inc right now?
The price sits above even our optimistic bull case (23.32 TWD). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of G.M.I Technology Inc (3312) come from?
Earnings per share at G.M.I Technology Inc grew +17.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.7 %, EBIT margin +10.0 %, tax rate +2.1 %, residual (interest, one-offs) +1.9 %. 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 G.M.I Technology Inc
How large is the market capitalisation of G.M.I Technology Inc (3312)?
The market capitalisation of G.M.I Technology Inc is 7.7B TWD (≈ $234M). 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 G.M.I Technology Inc (3312)?
The price-to-sales ratio of G.M.I Technology Inc is 0.34 (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 G.M.I Technology Inc (3312)?
Earnings per share at G.M.I Technology Inc are 3.88 TWD (price ÷ EPS = P/E 10.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of G.M.I Technology Inc (3312)?
The dividend yield of G.M.I Technology Inc is 3.1% (payout 33.5%). 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 G.M.I Technology Inc (3312)?
The net margin of G.M.I Technology Inc is 3.1% (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 G.M.I Technology Inc (3312)?
The return on equity (ROE) of G.M.I Technology Inc is 19.6% (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 G.M.I Technology Inc (3312)?
On an EBIT basis the return on assets of G.M.I Technology Inc is 5.7% (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 G.M.I Technology Inc (3312)?
The operating margin of G.M.I Technology Inc is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at G.M.I Technology Inc (3312)?
Revenue at G.M.I Technology Inc is growing +26.1% versus a year earlier (3y avg +2.8%). 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 G.M.I Technology Inc (3312)?
Earnings per share at G.M.I Technology Inc are growing −2.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does G.M.I Technology Inc (3312) generate?
The free cash flow of G.M.I Technology Inc is −982M 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 G.M.I Technology Inc (3312) carry?
The net debt of G.M.I Technology Inc is 1.4B 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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Some data
Nov 8, 2026