TPK Holding Co Ltd (3673) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of TPK Holding Co Ltd TWD 60.55, price TWD 65.60, upside -7.7%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 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 24, 2026.
How to read this chart
60‑month range 26.05 TWD – 94.00 TWD · fair‑value band 60.55 TWD – 66.05 TWD · the 65.60 TWD price screens above the 60.55 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. Dashed = 300-day average. As of Sep 24, 2026.
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TPK Holding Co., Ltd., together with its subsidiaries, develops, manufactures, and sells touch modules and displays, and indium tin oxide glass-related products in Taiwan, rest of Asia, the United States, Europe, and internationally.
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TPK Holding Co., Ltd., together with its subsidiaries, develops, manufactures, and sells touch modules and displays, and indium tin oxide glass-related products in Taiwan, rest of Asia, the United States, Europe, and internationally. The company also offers protective glass covers and full lamination services; touch/display solutions for tablets/notebooks, intelligent electronic whiteboards, smart wearables, intelligent industrial control for medical equipment, touch pad with tactile feedback, and foldable touch displays; additives, motion capture gloves, energy storage system storage and charging facilities, electric off-road vehicles, and lidar technologies; and detection analysis services. In addition, it provides resin products, electrical equipment, electronic materials, protective films, optical adhesives, and optoelectronic components, as well as international trade, testing, and inspection services; engages in solar energy system development and equipment trade, maintenance, installation, and management services; and sells electric utility vehicles. The company serves consumer electronics, commercial offices, retail terminals, transportation, medical equipment, industrial control equipment, sports and health, and smart homes markets. TPK Holding Co., Ltd. was incorporated in 1994 and is headquartered in Taipei, Taiwan.
Stock analysis
TPK Holding Co Ltd (3673) currently trades at 65.60 TWD, while our model-based Fair Value estimate is 60.55 TWD, implying the stock looks roughly 8.3% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 147.61 TWD per share, and 16 of the 24 models we run sit above the 65.60 TWD price.
Bear case: the Dividend Discount group reads lowest at 6.70 TWD, and 8 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 60.55 TWD (bear) to 66.05 TWD (bull), the price of 65.60 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 57/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
TPK Holding Co Ltd reported revenue of 62.8B TWD in FY2025 versus 103B TWD in FY2021, a compound −11.6%/yr. Reported net income was 1.1B TWD in FY2025, compounding +0.9%/yr from FY2021.
Key figures
Market cap 26.8B TWD (≈ $841M) · P/E ratio 24.2 · P/S ratio 0.43 · EPS (TTM) 2.71 TWD · Dividend yield 2.7% · Net margin 1.8% · Return on equity 3.2% · Return on assets (EBIT) 1.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 82% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −8%, 3673 screens cheaper than that median.
Fair Value models
Bear 60.55 TWDFair Value 60.55 TWDBull 66.05 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 (0.6657 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−8.8%
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.
−13.5%
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.
−11.3%
Start year 2020 (pandemic). Over 10 years: −6.4% a year
Revenue growth 18 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.
+14.2%
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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.
−4.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.7%
Dividend (yield on the price)2.7%
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.1% vs 13%, 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% → 1%
2025 sits 133% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 8.0%/yr over ~10Y (margins eroding too) ⓘ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.
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).
−31.4%
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 −32.5% 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.Electronic Components · 654 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−8% · Above median
Profitability
Return on equity (TTM)3% · Below median
Return on assets0% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth31% · Top 25%
Dividend yield (TTM)2.7% · Top 25%
Balance sheet
Debt / equity0.22× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Cite: Fair Value Calculator (2026). "TPK Holding Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3673
Frequently asked questions
Is TPK Holding Co Ltd (3673) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 60.55 TWD versus a price of 65.60 TWD, about −8% upside (fairly valued).
What is the fair value of 3673?
Our model-based fair value for TPK Holding Co Ltd is 60.55 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 65.60 TWD.
What is the quality score of 3673?
TPK Holding Co Ltd has a Quality Score of 57/100. 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 TPK Holding Co Ltd (3673)?
Our model-based price target is the fair value of 60.55 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 60.55 TWD, optimistic scenario 66.05 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the TPK Holding Co Ltd stock forecast for 2026?
Our models put fair value at 60.55 TWD, about −8% upside versus a price of 65.60 TWD (fairly valued). Cautious scenario 60.55 TWD, optimistic scenario 66.05 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of TPK Holding Co Ltd (3673)?
TPK Holding Co Ltd reported trailing-twelve-month revenue of about 67.0B TWD (latest available figure, as of Sep 24, 2026).
Does TPK Holding Co Ltd pay a dividend?
TPK Holding Co Ltd currently shows a dividend yield of about 2.74% relative to its recent price (as of Sep 24, 2026).
What growth is priced into TPK Holding Co Ltd (3673)?
For today's price to be fair in a discounted-cash-flow model, TPK Holding Co Ltd would have to grow free cash flow by -31.4 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -11.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3673 use?
Our models discount TPK Holding Co Ltd at 11.4 %: a base by market capitalisation (small), damped by beta 0.88, 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 TPK Holding Co Ltd that is -31.4 % per year a year over ten years, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has TPK Holding Co Ltd (3673) delivered so far?
Over the past 5 years revenue at TPK Holding Co Ltd grew -11.3 % a year. The price currently implies -31.4 % 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 TPK Holding Co Ltd (3673) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into TPK Holding Co Ltd (-31.4 % 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 TPK Holding Co Ltd (3673)?
The free-cash-flow yield on the price is 15.44 %: that much free cash flow TPK Holding Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TPK Holding Co Ltd (3673)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TPK Holding Co Ltd it is 60.55 TWD per share (as of Sep 24, 2026), against a price of 65.60 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is TPK Holding Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3673 trades above its calculated fair value: price 65.60 TWD, fair value 60.55 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 3673?
No. The price is what the market pays today (65.60 TWD); the fair value is what the company's own numbers justify (60.55 TWD). For TPK Holding Co Ltd the two are 5.05 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is TPK Holding Co Ltd worth?
The market values TPK Holding Co Ltd at about 26.8B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 65.60 TWD; our models calculate a fair value of 60.55 TWD per share.
What do the bullish and bearish scenarios say about 3673?
Our models span a range for TPK Holding Co Ltd: cautious scenario 60.55 TWD, base 60.55 TWD, optimistic 66.05 TWD per share (as of Sep 24, 2026, price 65.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3673?
TPK Holding Co Ltd trades at a price-to-earnings ratio of 24.2 (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 60.55 TWD is built from several models across several years. Other multiples: PEG 0.8, P/B 0.7, P/S 0.4, EV/EBITDA 1.0.
What is the PEG ratio of 3673?
The PEG ratio of TPK Holding Co Ltd is 0.75 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of TPK Holding Co Ltd (3673)?
Balance-sheet figures for TPK Holding Co Ltd (as of Sep 24, 2026): return on equity 3.2%, debt of 0.22 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 3673 from its 52-week high?
TPK Holding Co Ltd trades at 65.60 TWD, about 30% below its 52-week high of 94.00 TWD and 82% above the low of 36.05 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 60.55 TWD is for.
Which stocks are comparable to TPK Holding Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry 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 TPK Holding Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 65.60 TWD, calculated fair value 60.55 TWD (−8%), Quality Score 57/100, from 24 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 3673 calculated?
We run TPK Holding Co Ltd through 24 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 60.55 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. TPK Holding 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 TPK Holding Co Ltd (3673)?
The closing price on Sep 24, 2026 was 65.60 TWD. Our model-based fair value is 60.55 TWD, about −8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TPK Holding Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (60.55 TWD to 66.05 TWD), unusually little disagreement for a valuation.
Key figures of TPK Holding Co Ltd
How large is the market capitalisation of TPK Holding Co Ltd (3673)?
The market capitalisation of TPK Holding Co Ltd is 26.8B TWD (≈ $841M). 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 TPK Holding Co Ltd (3673)?
The price-to-sales ratio of TPK Holding Co Ltd is 0.43 (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 TPK Holding Co Ltd (3673)?
Earnings per share at TPK Holding Co Ltd are 2.71 TWD (price ÷ EPS = P/E 24.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TPK Holding Co Ltd (3673)?
The dividend yield of TPK Holding Co Ltd is 2.7% (payout 66.4%). 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 TPK Holding Co Ltd (3673)?
The net margin of TPK Holding Co Ltd is 1.8% (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 TPK Holding Co Ltd (3673)?
The return on equity (ROE) of TPK Holding Co Ltd is 3.2% (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 TPK Holding Co Ltd (3673)?
On an EBIT basis the return on assets of TPK Holding Co Ltd is 1.1% (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 TPK Holding Co Ltd (3673)?
The operating margin of TPK Holding Co Ltd is −0.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TPK Holding Co Ltd (3673)?
Revenue at TPK Holding Co Ltd is growing +30.5% versus a year earlier (3y avg −13.5%). 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 TPK Holding Co Ltd (3673)?
Earnings per share at TPK Holding Co Ltd are growing +233% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does TPK Holding Co Ltd (3673) hold?
TPK Holding Co Ltd holds more cash than debt, 4.2B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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