Gemtek Technology Co Ltd (4906) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Gemtek Technology Co Ltd stock TWD 14.00, price TWD 31.70, that is 55.8% below the price, quality 53 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 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 5, 2026.
How to read this chart
60‑month range 19.86 TWD – 52.87 TWD · fair‑value band 13.91 TWD – 14.07 TWD · the 31.70 TWD price screens above the 14.00 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Gemtek Technology Co., Ltd. researches, develops, designs, produces, and sells wireless communications products in Taiwan and internationally.
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It offers wireless network service products, including broadband network related equipment built on telecommunications infrastructure, such as 5G, LTE, small cell, and CPE; telecommunication networking devices, such as Wi-Fi access points and routers; and business-grade wireless APs/routers and Wi-Fi modules.
The company also provides fixed broadband network connection related products that consist of telecommunication integration solutions comprising XPON, VoIP, VDSL, G.fast, Switch, Setup Box, etc.; and fiber-optic networking products.
In addition, it provides telecommunication modules and services; WLAN cards; wireless network cards and gateways; cloud software integration services; and IoT products. Further, the company engages in buying and selling of wires, packaging materials, and pallets and raw materials.
Gemtek Technology Co., Ltd. was incorporated in 1988 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Gemtek Technology Co Ltd (4906) currently trades at 31.70 TWD, while our model-based Fair Value estimate is 14.00 TWD, 56% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 49.14 TWD per share, and 8 of the 14 models we run sit above the 31.70 TWD price.
Bear case: the Asset-Based group reads lowest at 9.05 TWD, and 6 of the 14 models stay below the price. Data coverage for this calculation is low.
Scenario range: 13.91 TWD (bear) to 14.07 TWD (bull), the price of 31.70 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 53/100 (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.
Gemtek Technology Co Ltd reported revenue of 16.5B TWD in FY2025 versus 22.9B TWD in FY2021, a compound −7.9%/yr. Reported net income was −108M TWD in FY2025.
Key figures
Market cap 14.4B TWD (≈ $439M) Small · P/E ratio 243.8 · P/S ratio 1.04 · EPS (TTM) 0.1300 TWD · Dividend yield 1.6% · Net margin 0.4% · Return on equity 0.9% · Return on assets (EBIT) 2.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 27% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −56%, 4906 screens richer than that median.
Fair Value models
Bear13.91 TWDFair Value 14.00 TWDBull14.07 TWD
Price 31.70 TWD · Downside -55.8%
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.
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.37/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−35.7%
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.
−16.1%
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.
−3.7%
Start year 2020 (pandemic). Over 10 years: −0.6% a year
Revenue growth 24 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.
+8.5%
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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.
2.3% (2020) → 0.4% (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
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).
−14.5%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −15.8% a year for the price.
Compare Gemtek 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.Communication Equipment · 302 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−55.8% · Below median
Profitability
Return on equity (12 months)0.9% · Below median
Return on assets−0.6% · Below median
Net margin (12 months)0.4% · Below median
Operating margin (12 months)−3.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−13.9% · Bottom 25%
Dividend yield (12 months)1.6% · Above median
Valuation Multiplesvs Communication Equipment 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). "Gemtek Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/4906
Frequently asked questions
Is Gemtek Technology Co Ltd (4906) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 14.00 TWD versus a price of 31.70 TWD, about 56% lower (overvalued).
What is the fair value of 4906?
Our model-based fair value for Gemtek Technology Co Ltd is 14.00 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 31.70 TWD.
What is the quality score of 4906?
Gemtek Technology Co Ltd has a Quality Score of 53/100. 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 Gemtek Technology Co Ltd (4906)?
Our model-based price target is the fair value of 14.00 TWD (as of Nov 5, 2026) from 14 valuation models. Cautious scenario 13.91 TWD, optimistic scenario 14.07 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Gemtek Technology Co Ltd stock forecast for 2026?
Our models put fair value at 14.00 TWD, about 56% lower versus a price of 31.70 TWD (overvalued). Cautious scenario 13.91 TWD, optimistic scenario 14.07 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Gemtek Technology Co Ltd (4906)?
Gemtek Technology Co Ltd reported trailing-twelve-month revenue of about 13.9B TWD (latest available figure, as of Nov 5, 2026).
Does Gemtek Technology Co Ltd pay a dividend?
Gemtek Technology Co Ltd currently shows a dividend yield of 1.58% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Gemtek Technology Co Ltd (4906) and when is the ex-dividend date?
Gemtek Technology Co Ltd pays a dividend of 0.5 TWD per share a year, a dividend yield of 1.6%. The last ex-dividend date was Jun 22, 2026. A dividend has been paid every year since 2020. Free cash flow covers the dividend 8.89 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Gemtek Technology Co Ltd (4906)?
For today's price to be fair in a discounted-cash-flow model, Gemtek Technology Co Ltd would have to grow free cash flow by -14.5 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.7 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 4906 use?
Our models discount Gemtek Technology Co Ltd at 10.3 %: a base by market capitalisation (small), damped by beta 0.24, 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 Gemtek Technology Co Ltd that is -14.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Gemtek Technology Co Ltd (4906) delivered so far?
Over the past 5 years revenue at Gemtek Technology Co Ltd grew -3.7 % a year. The price currently implies free-cash-flow growth of -14.5 % 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 Gemtek Technology Co Ltd (4906) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Gemtek Technology Co Ltd (-14.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Gemtek Technology Co Ltd (4906)?
The free-cash-flow yield on the price is 14.29 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Gemtek Technology Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Gemtek Technology Co Ltd (4906)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gemtek Technology Co Ltd it is 14.00 TWD per share (as of Nov 5, 2026), against a price of 31.70 TWD. It is the blended result of 14 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Gemtek Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 4906 trades above its calculated fair value: price 31.70 TWD, fair value 14.00 TWD, a gap of about −56% (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 4906?
No. The price is what the market pays today (31.70 TWD); the fair value is what the company's own numbers justify (14.00 TWD). For Gemtek Technology Co Ltd the two are 17.70 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Gemtek Technology Co Ltd worth?
The market values Gemtek Technology Co Ltd at about 14.4B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 31.70 TWD; our models calculate a fair value of 14.00 TWD per share.
What do the bullish and bearish scenarios say about 4906?
Our models span a range for Gemtek Technology Co Ltd: cautious scenario 13.91 TWD, base 14.00 TWD, optimistic 14.07 TWD per share (as of Nov 5, 2026, price 31.70 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4906?
Gemtek Technology Co Ltd trades at a price-to-earnings ratio of 243.8 (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 14.00 TWD is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2024), reported earnings: 21.5. Other multiples: PEG 0.6, P/B 1.3, P/S 1.0, EV/EBITDA 25.0.
What is the PEG ratio of 4906?
The PEG ratio of Gemtek Technology Co Ltd is 0.63 (P/E divided by earnings growth, as of Nov 5, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Gemtek Technology Co Ltd (4906)?
Balance-sheet figures for Gemtek Technology Co Ltd (as of Nov 5, 2026): return on equity 0.9%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 4906 from its 52-week high?
Gemtek Technology Co Ltd trades at 31.70 TWD, about 40% below its 52-week high of 52.87 TWD and 27% above the low of 24.90 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 14.00 TWD is for.
Which stocks are comparable to Gemtek Technology Co Ltd?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, 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 Gemtek Technology Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price 31.70 TWD, calculated fair value 14.00 TWD (−56%), Quality Score 53/100, from 14 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 4906 calculated?
We run Gemtek Technology Co Ltd through 14 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 14.00 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. Gemtek 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 Gemtek Technology Co Ltd (4906)?
The closing price on Nov 6, 2026 was 31.70 TWD. Our model-based fair value is 14.00 TWD, about 56% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gemtek Technology Co Ltd right now?
The price sits above even our optimistic bull case (14.07 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (13.91 TWD to 14.07 TWD), unusually little disagreement for a valuation.
Where does the earnings growth of Gemtek Technology Co Ltd (4906) come from?
Earnings per share at Gemtek Technology Co Ltd grew +4.0 % a year from 2015 to 2025. Broken into its drivers: revenue per share +3.9 %, EBIT margin +4.6 %, tax rate −1.9 %, residual (interest, one-offs) −2.5 %. 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 Gemtek Technology Co Ltd
How large is the market capitalisation of Gemtek Technology Co Ltd (4906)?
The market capitalisation of Gemtek Technology Co Ltd is 14.4B TWD (≈ $439M). 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 Gemtek Technology Co Ltd (4906)?
The price-to-sales ratio of Gemtek Technology Co Ltd is 1.04 (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 Gemtek Technology Co Ltd (4906)?
Earnings per share at Gemtek Technology Co Ltd are 0.1300 TWD (price ÷ EPS = P/E 243.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Gemtek Technology Co Ltd (4906)?
The dividend yield of Gemtek Technology Co Ltd is 1.6%. 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 Gemtek Technology Co Ltd (4906)?
The net margin of Gemtek Technology Co Ltd is 0.4% (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 Gemtek Technology Co Ltd (4906)?
The return on equity (ROE) of Gemtek Technology Co Ltd is 0.9% (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 Gemtek Technology Co Ltd (4906)?
On an EBIT basis the return on assets of Gemtek Technology Co Ltd is 2.0% (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 Gemtek Technology Co Ltd (4906)?
The operating margin of Gemtek Technology Co Ltd is −3.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gemtek Technology Co Ltd (4906)?
Revenue at Gemtek Technology Co Ltd is growing −13.9% versus a year earlier (3y avg −16.1%). 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 Gemtek Technology Co Ltd (4906)?
Earnings per share at Gemtek Technology Co Ltd are growing −50.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Gemtek Technology Co Ltd (4906) hold?
Gemtek Technology Co Ltd holds more cash than debt, 3.6B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 5, 2026