Gemtek Technology Co Ltd (4906) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Gemtek Technology Co Ltd TWD 14.92, price TWD 37.65, upside -60.4%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Gemtek Technology Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range 19.70 TWD – 52.87 TWD · fair‑value band 14.80 TWD – 15.03 TWD · the 37.65 TWD price screens above the 14.92 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Follow Gemtek Technology Co in your weekly email
Every Wednesday you see whether Gemtek Technology Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Gemtek Technology Co., Ltd. researches, develops, designs, produces, and sells wireless communications products in Taiwan and internationally.
Show more
Gemtek Technology Co., Ltd. researches, develops, designs, produces, and sells wireless communications products in Taiwan and internationally. 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 37.65 TWD, while our model-based Fair Value estimate is 14.92 TWD, implying the stock looks roughly 152.3% overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of 54.30 TWD per share, and 6 of the 15 models we run sit above the 37.65 TWD price.
Bear case: the Earnings-Based group reads lowest at 14.88 TWD, and 9 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: 14.80 TWD (bear) to 15.03 TWD (bull), the price of 37.65 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 54/100 (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 16.0B TWD (≈ $503M) · P/S ratio 1.01 · EPS (TTM) −0.2500 TWD · Dividend yield 1.3% · Net margin −0.7% · Return on equity −2.5% · Return on assets (EBIT) 2.0% · Operating margin −6.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 56% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −46% fair-value upside, at −60%, 4906 screens richer than that median.
Fair Value models
Bear 14.80 TWDFair Value 14.92 TWDBull 15.03 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.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.23/100
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%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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).
−14.6%
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 −15.9% a year for the price.
Compare Gemtek Technology Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 307 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−61% · Below median
Profitability
Return on assets−1% · Below median
Net margin (TTM)−2% · Below median
Operating margin (TTM)−7% · Bottom 25%
Growth and dividend
Revenue growth−40% · Bottom 25%
Dividend yield (TTM)1.3% · Above median
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/S (TTM)0.04× · Cheapest 25%
P/FCF0.3× · Cheapest 25%
PEG0.63× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 40
PAST (return on equity)0· sector 15
HEALTH (low debt)100· sector 98
DIVIDEND (yield)27· sector 23
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.
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 Sep 23, 2026, our model estimates a fair value of 14.92 TWD versus a price of 37.65 TWD, about −60% upside (overvalued).
What is the fair value of 4906?
Our model-based fair value for Gemtek Technology Co Ltd is 14.92 TWD (as of Sep 23, 2026), built from audited fundamentals. The current price: 37.65 TWD.
What is the quality score of 4906?
Gemtek Technology Co Ltd has a Quality Score of 54/100. 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 14.92 TWD (as of Sep 23, 2026) from 15 valuation models. Cautious scenario 14.80 TWD, optimistic scenario 15.03 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 14.92 TWD, about −60% upside versus a price of 37.65 TWD (overvalued). Cautious scenario 14.80 TWD, optimistic scenario 15.03 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 14.5B TWD (latest available figure, as of Sep 23, 2026).
Does Gemtek Technology Co Ltd pay a dividend?
Gemtek Technology Co Ltd currently shows a dividend yield of about 1.33% relative to its recent price (as of Sep 23, 2026).
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 -14.6 % per year for five years (discount rate 8.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.7 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 4906 use?
Our models discount Gemtek Technology Co Ltd at 8.6 %: a base by market capitalisation (large), damped by beta 0.14, 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 -14.6 % per year a year over ten years, using the same discount rate (8.6 %) 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 -14.6 % 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 Gemtek Technology Co Ltd (4906) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Gemtek Technology Co Ltd (-14.6 % 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 Gemtek Technology Co Ltd (4906)?
The free-cash-flow yield on the price is 12.54 %: that much free cash flow Gemtek Technology Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.6 %), 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 14.92 TWD per share (as of Sep 23, 2026), against a price of 37.65 TWD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Gemtek Technology Co Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 4906 trades above its calculated fair value: price 37.65 TWD, fair value 14.92 TWD, a gap of about −60% (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 (37.65 TWD); the fair value is what the company's own numbers justify (14.92 TWD). For Gemtek Technology Co Ltd the two are 22.73 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 16.0B TWD (market capitalisation, as of Sep 23, 2026). Per share that is 37.65 TWD; our models calculate a fair value of 14.92 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 14.80 TWD, base 14.92 TWD, optimistic 15.03 TWD per share (as of Sep 23, 2026, price 37.65 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
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 Sep 23, 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 Sep 23, 2026): return on equity −2.5%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 4906 from its 52-week high?
Gemtek Technology Co Ltd trades at 37.65 TWD, about 29% below its 52-week high of 52.87 TWD and 56% above the low of 24.11 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 14.92 TWD is for.
Which stocks are comparable to Gemtek Technology Co Ltd?
From the same area (Technology) we also value Cisco Systems, Inc, Zhongji Innolight Co, Foxconn Industrial Internet Co, Eoptolink Technology 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 Sep 23, 2026: price 37.65 TWD, calculated fair value 14.92 TWD (−60%), Quality Score 54/100, from 15 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 15 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 14.92 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. 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 Sep 24, 2026 was 37.65 TWD. Our model-based fair value is 14.92 TWD, about −60% upside (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 (15.03 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (14.80 TWD to 15.03 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 16.0B TWD (≈ $503M). 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 1.01 (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 −0.2500 TWD. 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 1.3%. 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 −0.7% (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 Gemtek Technology Co Ltd (4906)?
The return on equity (ROE) of Gemtek Technology Co Ltd is −2.5% (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 −6.6% (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 −39.6% 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.
Free · no account needed
Watch Gemtek Technology Co Ltd in the live analysis
One click puts Gemtek Technology Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
