CyberPower Systems Inc (3617) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of CyberPower Systems Inc stock TWD 187, price TWD 213, that is 12.1% below the price, quality 62 out of 100. Rating: overvalued. Calculated from audited financials with 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 5, 2026.
How to read this chart
60‑month range 56.95 TWD – 394.50 TWD · fair‑value band 124.99 TWD – 248.49 TWD · the 213.00 TWD price screens above the 187.32 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 5, 2026.
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Cyber Power Systems, Inc. designs, manufactures, and sells power protection products and computer peripheral accessories worldwide. It offers backup, smart app, smart power-saving ON-LINE, and datacenter uninterruptible power supply systems.
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The company also provides racks, power distribution units, smart management solutions, solar power systems, surge protectors, batteries, software, and energy saving products. Cyber Power Systems, Inc. was incorporated in 1997 and is based in Taipei, Taiwan.
Stock analysis
CyberPower Systems Inc (3617) currently trades at 213.00 TWD, while our model-based Fair Value estimate is 187.32 TWD, 12% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 424.94 TWD per share, and 18 of the 26 models we run sit above the 213.00 TWD price.
Bear case: the Asset-Based group reads lowest at 56.67 TWD, and 8 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 124.99 TWD (bear) to 248.49 TWD (bull), the price of 213.00 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 62/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
CyberPower Systems Inc reported revenue of 11.9B TWD in FY2025 versus 8.9B TWD in FY2021, a compound +7.6%/yr. Reported net income was 1.4B TWD in FY2025.
Key figures
Market cap 20.5B TWD (≈ $625M) Small · P/E ratio 10.4 · P/S ratio 1.65 · EPS (TTM) 20.43 TWD · Dividend yield 4.7% · Net margin 16.0% · Return on equity 22.2% · Return on assets (EBIT) 11.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 74 out of 100 (medium confidence).
What moves the price
The share trades about 21% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −12%, 3617 screens cheaper than that median.
Fair Value models
Bear124.99 TWDFair Value 187.32 TWDBull248.49 TWD
Price 213.00 TWD · Downside -12.1%
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 (8.92 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
FCF DCF191.73 TWD264.26 TWD361.41 TWD81
Growth DCF192.79 TWD255.76 TWD334.84 TWD80
Owner Earnings202.07 TWD279.26 TWD382.65 TWD77
All 26 models by family
DCF Models
FCF DCF191.73 TWD264.26 TWD361.41 TWD81
Owner Earnings202.07 TWD279.26 TWD382.65 TWD77
5Y Revenue Exit199.90 TWD298.76 TWD424.35 TWD72
5Y EBITDA Exit262.66 TWD416.10 TWD595.11 TWD75
5Y P/E Exit255.66 TWD403.00 TWD557.51 TWD71
10Y Revenue Exit189.90 TWD274.24 TWD386.37 TWD67
10Y EBITDA Exit231.35 TWD348.93 TWD505.80 TWD68
10Y P/E Exit227.25 TWD340.59 TWD479.51 TWD64
Earnings-Based
Graham-Dodd97.79 TWD305.13 TWD405.91 TWD65
Lynch FV66.44 TWD94.91 TWD123.39 TWD61
PEG = 1.066.44 TWD94.91 TWD123.39 TWD57
EPV156.46 TWD173.73 TWD188.15 TWD74
Dividend Discount
Gordon GGM116.55 TWD211.01 TWD291.67 TWD68
DDM Multi-Stage116.55 TWD181.84 TWD225.30 TWD67
Multiples
P/E Multiple301.99 TWD402.66 TWD503.32 TWD63
P/S Multiple183.35 TWD244.47 TWD305.59 TWD58
P/B Multiple449.28 TWD599.05 TWD748.81 TWD55
EV/EBIT391.20 TWD512.60 TWD634.00 TWD66
EV/EBITDA342.16 TWD447.21 TWD552.26 TWD67
EV/Revenue211.13 TWD290.04 TWD368.95 TWD54
Asset-Based
NCAV (Graham)37.40 TWD56.67 TWD70.83 TWD54
Growth DCF
Growth DCF192.79 TWD255.76 TWD334.84 TWD80
Rev-Margin DCF199.90 TWD299.11 TWD413.19 TWD73
Economic Profit
Residual Income94.14 TWD109.33 TWD137.17 TWD76
ROIC Compounder163.68 TWD191.94 TWD222.77 TWD72
Growth Earnings
Growth-Adj P/E243.28 TWD347.54 TWD451.80 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.74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−5.0%
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.
+1.9%
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.
+5.4%
Start year 2020 (pandemic). Over 10 years: +6.4% a year
Revenue growth 17 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.
+6.2%
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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.
+26.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.7%
Dividend (yield on the price)4.7%
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.21.7% vs 6.9%, 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% → 16%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
+2.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +0.5% a year for the 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.Electrical Equipment & Parts · 564 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−12.1% · Above median
Profitability
Return on equity (12 months)22.2% · Top 25%
Return on assets9.6% · Top 25%
Net margin (12 months)16.0% · Top 25%
Operating margin (12 months)27.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)15.8% · Above median
Dividend yield (12 months)4.7% · Top 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Electrical Equipment & Parts 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). "CyberPower Systems Inc Fair Value". https://www.fairvalue-calculator.com/stock/3617
Frequently asked questions
Is CyberPower Systems Inc (3617) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 187.32 TWD versus a price of 213.00 TWD, about 12% lower (overvalued).
What is the fair value of 3617?
Our model-based fair value for CyberPower Systems Inc is 187.32 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 213.00 TWD.
What is the quality score of 3617?
CyberPower Systems Inc has a Quality Score of 62/100. 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 CyberPower Systems Inc (3617)?
Our model-based price target is the fair value of 187.32 TWD (as of Nov 5, 2026) from 26 valuation models. Cautious scenario 124.99 TWD, optimistic scenario 248.49 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the CyberPower Systems Inc stock forecast for 2026?
Our models put fair value at 187.32 TWD, about 12% lower versus a price of 213.00 TWD (overvalued). Cautious scenario 124.99 TWD, optimistic scenario 248.49 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of CyberPower Systems Inc (3617)?
CyberPower Systems Inc reported trailing-twelve-month revenue of about 12.4B TWD (latest available figure, as of Nov 5, 2026).
Does CyberPower Systems Inc pay a dividend?
CyberPower Systems Inc currently shows a dividend yield of 4.69% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of CyberPower Systems Inc (3617) and when is the ex-dividend date?
CyberPower Systems Inc pays a dividend of 10.00 TWD per share a year, a dividend yield of 4.7%. The last ex-dividend date was Jul 22, 2026. The payout ratio is 48.9% of earnings. Free cash flow covers the dividend 1.66 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into CyberPower Systems Inc (3617)?
For today's price to be fair in a discounted-cash-flow model, CyberPower Systems Inc would have to grow free cash flow by +2.1 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.4 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 3617 use?
Our models discount CyberPower Systems Inc at 10.9 %: a base by market capitalisation (small), damped by beta 0.71, 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 CyberPower Systems Inc that is +2.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has CyberPower Systems Inc (3617) delivered so far?
Over the past 5 years revenue at CyberPower Systems Inc grew +5.4 % a year. The price currently implies free-cash-flow growth of +2.1 % 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 CyberPower Systems Inc (3617) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into CyberPower Systems Inc (+2.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CyberPower Systems Inc (3617)?
The free-cash-flow yield on the price is 7.42 %: that much free cash flow CyberPower Systems Inc produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CyberPower Systems Inc (3617)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CyberPower Systems Inc it is 187.32 TWD per share (as of Nov 5, 2026), against a price of 213.00 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is CyberPower Systems Inc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 3617 trades above its calculated fair value: price 213.00 TWD, fair value 187.32 TWD, a gap of about −12% (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 3617?
No. The price is what the market pays today (213.00 TWD); the fair value is what the company's own numbers justify (187.32 TWD). For CyberPower Systems Inc the two are 25.68 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is CyberPower Systems Inc worth?
The market values CyberPower Systems Inc at about 20.5B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 213.00 TWD; our models calculate a fair value of 187.32 TWD per share.
What do the bullish and bearish scenarios say about 3617?
Our models span a range for CyberPower Systems Inc: cautious scenario 124.99 TWD, base 187.32 TWD, optimistic 248.49 TWD per share (as of Nov 5, 2026, price 213.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3617?
CyberPower Systems Inc trades at a price-to-earnings ratio of 10.4 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 187.32 TWD is built from several models across several years. Other multiples: P/B 2.1, P/S 1.7, EV/EBITDA 7.0.
How solid is the balance sheet of CyberPower Systems Inc (3617)?
Balance-sheet figures for CyberPower Systems Inc (as of Nov 5, 2026): return on equity 22.2%, debt of 0.15 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is 3617 from its 52-week high?
CyberPower Systems Inc trades at 213.00 TWD, about 21% below its 52-week high of 269.00 TWD and 28% above the low of 166.50 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 187.32 TWD is for.
Which stocks are comparable to CyberPower Systems Inc?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, 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 CyberPower Systems Inc stock attractive at the current price?
The data as of Nov 5, 2026: price 213.00 TWD, calculated fair value 187.32 TWD (−12%), Quality Score 62/100, from 26 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 3617 calculated?
We run CyberPower Systems Inc through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 187.32 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. CyberPower Systems 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 CyberPower Systems Inc (3617)?
The closing price on Nov 6, 2026 was 213.00 TWD. Our model-based fair value is 187.32 TWD, about 12% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CyberPower Systems Inc right now?
Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (124.99 TWD to 248.49 TWD) leaves room in how you read the outcome.
Where does the earnings growth of CyberPower Systems Inc (3617) come from?
Earnings per share at CyberPower Systems Inc grew +10.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.9 %, EBIT margin +5.1 %, tax rate −0.3 %, residual (interest, one-offs) −0.2 %. 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 CyberPower Systems Inc
How large is the market capitalisation of CyberPower Systems Inc (3617)?
The market capitalisation of CyberPower Systems Inc is 20.5B TWD (≈ $625M). 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 CyberPower Systems Inc (3617)?
The price-to-sales ratio of CyberPower Systems Inc is 1.65 (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 CyberPower Systems Inc (3617)?
Earnings per share at CyberPower Systems Inc are 20.43 TWD (price ÷ EPS = P/E 10.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CyberPower Systems Inc (3617)?
The dividend yield of CyberPower Systems Inc is 4.7% (payout 48.9%). 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 CyberPower Systems Inc (3617)?
The net margin of CyberPower Systems Inc is 16.0% (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 CyberPower Systems Inc (3617)?
The return on equity (ROE) of CyberPower Systems Inc is 22.2% (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 CyberPower Systems Inc (3617)?
On an EBIT basis the return on assets of CyberPower Systems Inc is 11.2% (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 CyberPower Systems Inc (3617)?
The operating margin of CyberPower Systems Inc is 27.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CyberPower Systems Inc (3617)?
Revenue at CyberPower Systems Inc is growing +15.8% versus a year earlier (3y avg +1.9%). 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 CyberPower Systems Inc (3617)?
Earnings per share at CyberPower Systems Inc are growing +34.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does CyberPower Systems Inc (3617) hold?
CyberPower Systems Inc holds more cash than debt, 2.6B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 5, 2026