Etron Technology (5351) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Etron Technology TWD 130, price TWD 110, upside +18.3%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Etron Technology, Inc. design, production, and sells of various integrated circuits in Taiwan, Asia, and internationally.
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Etron Technology, Inc. design, production, and sells of various integrated circuits in Taiwan, Asia, and internationally. The company offers commercial DRAMs (dynamic random access memory) for high bandwidth and low-power consumption products, including computer peripheral, communication, and consumer products; industrial DRAMs that are used in surveillances, point of sale systems, smart meters, programmable logic controllers, and human-machine interface platforms; innovative DRAMs for AI, 5G, cloud computing, and automotive; and automotive DRAMs for use in CDs, DVDs, automotive HDDs, navigation products, instrument clusters, audios, automotive cameras, automotive infotainments, and advanced driver assistance systems. It also provides known-good-die-memory integrated circuits and flash memory products; USB connectivity; and 3D sensing solutions. Etron Technology, Inc. was founded in 1991 and is headquartered in Hsinchu City, Taiwan.
Stock analysis
Etron Technology (5351) currently trades at 109.50 TWD, while our model-based Fair Value estimate is 129.57 TWD, implying the stock looks roughly 15.5% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 93/100, which puts the evidence level at low.
Scenario range: 85.53 TWD (bear) to 161.88 TWD (bull), the price of 109.50 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 48/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Etron Technology reported revenue of 4.0B TWD in FY2025 versus 6.1B TWD in FY2021, a compound −10.0%/yr. Reported net income was −497M TWD in FY2025.
Key figures
Market cap 35.7B TWD (≈ $1.1B) · P/S ratio 4.60 · EPS (TTM) −1.53 TWD · Net margin −12.3% · Return on equity 5.2% · Return on assets (EBIT) −3.5% · Operating margin 22.5% · Revenue (TTM) 6.1B TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 333% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at 18%, 5351 screens cheaper than that median.
Fair Value models
Bear 85.53 TWDFair Value 129.57 TWDBull 161.88 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.31/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+16.2%
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.
−4.8%
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.
+2.6%
Start year 2020 (pandemic). Over 10 years: −5.9% a year
Revenue growth 16 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.
−3.8%
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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.
−5.8% (2020) → −14.3% (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
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.Semiconductors · 335 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Bottom 25%
Fair Value upside+18% · Top 25%
Profitability
Return on equity (TTM)5% · Below median
Return on assets2% · Below median
Net margin (TTM)5% · Below median
Operating margin (TTM)23% · Top 25%
Growth and dividend
Revenue growth336% · Top 25%
Balance sheet
Debt / equity0.35× · Highest 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Etron Technology Fair Value". https://www.fairvalue-calculator.com/stock/5351
Frequently asked questions
Is Etron Technology (5351) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 129.57 TWD versus a price of 109.50 TWD, about +18% upside (undervalued).
What is the fair value of 5351?
Our model-based fair value for Etron Technology is 129.57 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 109.50 TWD.
What is the quality score of 5351?
Etron Technology has a Quality Score of 48/100. 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 Etron Technology (5351)?
Our model-based price target is the fair value of 129.57 TWD (as of Sep 24, 2026) from 1 valuation models. Cautious scenario 85.53 TWD, optimistic scenario 161.88 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Etron Technology stock forecast for 2026?
Our models put fair value at 129.57 TWD, about +18% upside versus a price of 109.50 TWD (undervalued). Cautious scenario 85.53 TWD, optimistic scenario 161.88 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Etron Technology (5351)?
Etron Technology reported trailing-twelve-month revenue of about 6.1B TWD (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Etron Technology (5351)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Etron Technology it is 129.57 TWD per share (as of Sep 24, 2026), against a price of 109.50 TWD. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Etron Technology stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 5351 trades below its calculated fair value: price 109.50 TWD, fair value 129.57 TWD, a gap of about +18% (undervalued). 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 5351?
No. The price is what the market pays today (109.50 TWD); the fair value is what the company's own numbers justify (129.57 TWD). For Etron Technology the two are 20.07 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Etron Technology worth?
The market values Etron Technology at about 35.7B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 109.50 TWD; our models calculate a fair value of 129.57 TWD per share.
What do the bullish and bearish scenarios say about 5351?
Our models span a range for Etron Technology: cautious scenario 85.53 TWD, base 129.57 TWD, optimistic 161.88 TWD per share (as of Sep 24, 2026, price 109.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Etron Technology (5351)?
Balance-sheet figures for Etron Technology (as of Sep 24, 2026): return on equity 5.2%, debt of 0.35 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 5351 from its 52-week high?
Etron Technology trades at 109.50 TWD, about 14% below its 52-week high of 96.00 TWD and 333% above the low of 25.30 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 129.57 TWD is for.
Which stocks are comparable to Etron Technology?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix 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 Etron Technology stock attractive at the current price?
The data as of Sep 24, 2026: price 109.50 TWD, calculated fair value 129.57 TWD (+18%), Quality Score 48/100, from 1 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 5351 calculated?
We run Etron Technology through 1 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 129.57 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. Etron Technology currently trades 18 % below its own fair value, and the market average says nothing about that. 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 Etron Technology (5351)?
The closing price on Sep 23, 2026 was 109.50 TWD. Our model-based fair value is 129.57 TWD, about +18% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Etron Technology right now?
A fairly wide model range (85.53 TWD to 161.88 TWD) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Etron Technology
How large is the market capitalisation of Etron Technology (5351)?
The market capitalisation of Etron Technology is 35.7B TWD (≈ $1.1B). 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 Etron Technology (5351)?
The price-to-sales ratio of Etron Technology is 4.60 (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 Etron Technology (5351)?
Earnings per share at Etron Technology are −1.53 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Etron Technology (5351)?
The net margin of Etron Technology is −12.3% (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 Etron Technology (5351)?
The return on equity (ROE) of Etron Technology is 5.2% (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 Etron Technology (5351)?
On an EBIT basis the return on assets of Etron Technology is −3.5% (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 Etron Technology (5351)?
The operating margin of Etron Technology is 22.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Etron Technology (5351)?
Revenue at Etron Technology is growing +336% versus a year earlier (3y avg −4.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Etron Technology (5351) generate?
The free cash flow of Etron Technology is −709M 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 Etron Technology (5351) carry?
The net debt of Etron Technology 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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