EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

TM Technology, Inc. (5468) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of TM Technology, Inc. TWD 2.46, price TWD 24.60, upside -90.0%, quality 33 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Technology · TW

TT Thin data Sep 24, 2026

TM Technology, Inc.

5468 · TWO

Weakest SetupStrongly overvalued and low quality.

!Fair value 2.46 TWD · Strongly overvalued (−90%)
!Quality 33/100
!Weak Growth (revenue 3y +1.1 %/yr)
!Loss-making · -11.2% net margin (TTM)
!Low debt · negative free cash flow
!Mixed vs. peers (5/10)
!Narrow moat 21/100
!Evidence only low, so the estimate is less certain
Watch TM Technology, Inc. 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 free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

40.31 TWD 13.67 TWD Fair Value 2.46 TWD Apr 2021 Sep 2026

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 13.67 TWD – 40.31 TWD · fair‑value band 2.39 TWD – 2.52 TWD · the 24.60 TWD price screens above the 2.46 TWD fair value. Dashed = 300-day average. As of Sep 24, 2026.

Follow TM Technology in your weekly email

Every Wednesday you see whether TM Technology 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.

Which stocks are undervalued right now? Check free Discover now →

Company profile

TM Technology, Inc. engages in the design, manufacture, and sale of integrated circuit chips, components, and related products in Taiwan.

Show more

TM Technology, Inc. engages in the design, manufacture, and sale of integrated circuit chips, components, and related products in Taiwan. It offers LED driver ICs for green energy products; laser diode drivers, limiting amplifiers, FTTx PON solution, transimpedance amplifiers, and digital diagnostics monitoring interface control; and other products, including power management, audio processor, and SRAM. It is also involved in construction business, optoelectronic, and mechanical equipment businesses. The company was founded in 1983 and is based in Hsinchu City, Taiwan.

Stock analysis

TM Technology, Inc. (5468) currently trades at 24.60 TWD, while our model-based Fair Value estimate is 2.46 TWD, implying the stock looks roughly 901.0% overvalued today.

Show more

Valuation

Bull case: the Asset-Based group reads highest at a median of 6.32 TWD per share, and 0 of the 6 models we run sit above the 24.60 TWD price.

Bear case: the Earnings-Based group reads lowest at 2.86 TWD, and 6 of the 6 models stay below the price. Evidence for this calculation is low.

Scenario range: 2.39 TWD (bear) to 2.52 TWD (bull), the price of 24.60 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 33/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

TM Technology, Inc. reported revenue of 165M TWD in FY2025 versus 144M TWD in FY2021, a compound +3.6%/yr. Reported net income was −26.4M TWD in FY2025.

Key figures

Market cap 1.4B TWD (≈ $45.5M) · P/S ratio 8.04 · EPS (TTM) −0.6500 TWD · Net margin −16.0% · Return on equity −4.9% · Return on assets (EBIT) −0.4% · Operating margin 13.8% · Revenue (TTM) 184M TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).

What moves the price

The share trades about 32% below its 52-week high and 67% 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 −90%, 5468 screens richer than that median.

Fair Value models

Bear 2.39 TWD Fair Value 2.46 TWD Bull 2.52 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.
Highest evidence
EPV 2.79 TWD 2.86 TWD 2.92 TWD 71
ROIC Compounder 2.79 TWD 2.86 TWD 2.92 TWD 69
EV/EBITDA 4.54 TWD 5.27 TWD 6.00 TWD 67
All 6 models by family
Earnings-Based
EPV 2.79 TWD 2.86 TWD 2.92 TWD 71
Multiples
EV/EBIT 3.47 TWD 3.85 TWD 4.23 TWD 66
EV/EBITDA 4.54 TWD 5.27 TWD 6.00 TWD 67
EV/Revenue 2.91 TWD 3.15 TWD 3.40 TWD 54
Asset-Based
NCAV (Graham) 4.71 TWD 6.32 TWD 9.43 TWD 54
Economic Profit
ROIC Compounder 2.79 TWD 2.86 TWD 2.92 TWD 69

Open the full fair value analysis →

Notify me when 5468 reaches fair value

Put 5468 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 33/100

Of which business quality 36 · Market factors (momentum, volatility) 68

Profitability 5
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 47
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 13/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+36.9%
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.
+1.1%
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.
5.0% (2021) → 2.3% (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
not computed

5468 screens 901% overvalued. Compare with NVIDIA Corporation →

Compare TM Technology, Inc. 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.Semiconductors · 340 stocks

Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 33 · Bottom 25%
Fair Value upside −90% · Bottom 25%
Profitability
Return on assets 1% · Below median
Net margin (TTM) −11% · Bottom 25%
Operating margin (TTM) 14% · Above median
Growth and dividend
Revenue growth 65% · Top 25%
Balance sheet
Debt / equity 0.04× · Below median

Valuation Multiplesvs Semiconductors median · lower = cheaper

P/B 0.08× · Cheapest 25%
P/S (TTM) 0.25× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 64
PAST (return on equity)0 · sector 22
HEALTH (low debt)98 · sector 95
DIVIDEND (yield)0 · sector 19

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $228.87 $197.96 −14%
Taiwan Semiconductor Manufacturing Company TSM $452.00 $497.20 +10%
Broadcom Inc AVGO $364.54 $303.52 −17%
SK hynix Inc 000660 1,862,000 KRW 2,048,200 KRW +10%
Micron Technology, Inc MU $1,096 $151.51 −86%
Advanced Micro Devices, Inc AMD $623.77 $122.74 −80%
Intel Corporation INTC $123.86 $35.41 −71%
Texas Instruments Incorporated TXN $271.41 $82.09 −70%
Arm Holdings ARM $333.20 $44.44 −87%
QUALCOMM Incorporated QCOM $198.27 $218.10 +10%

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

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.

TM Technology, Inc. · Fair Value
2.46 TWD −901%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "TM Technology, Inc. Fair Value". https://www.fairvalue-calculator.com/stock/5468

Frequently asked questions

Is TM Technology, Inc. (5468) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 2.46 TWD versus a price of 24.60 TWD, about −90% upside (overvalued).
What is the fair value of 5468?
Our model-based fair value for TM Technology, Inc. is 2.46 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 24.60 TWD.
What is the quality score of 5468?
TM Technology, Inc. has a Quality Score of 33/100. 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 TM Technology, Inc. (5468)?
Our model-based price target is the fair value of 2.46 TWD (as of Sep 24, 2026) from 6 valuation models. Cautious scenario 2.39 TWD, optimistic scenario 2.52 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the TM Technology, Inc. stock forecast for 2026?
Our models put fair value at 2.46 TWD, about −90% upside versus a price of 24.60 TWD (overvalued). Cautious scenario 2.39 TWD, optimistic scenario 2.52 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of TM Technology, Inc. (5468)?
TM Technology, Inc. reported trailing-twelve-month revenue of about 184M TWD (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of TM Technology, Inc. (5468)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TM Technology, Inc. it is 2.46 TWD per share (as of Sep 24, 2026), against a price of 24.60 TWD. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is TM Technology, Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 5468 trades above its calculated fair value: price 24.60 TWD, fair value 2.46 TWD, a gap of about −90% (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 5468?
No. The price is what the market pays today (24.60 TWD); the fair value is what the company's own numbers justify (2.46 TWD). For TM Technology, Inc. the two are 22.14 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is TM Technology, Inc. worth?
The market values TM Technology, Inc. at about 1.4B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 24.60 TWD; our models calculate a fair value of 2.46 TWD per share.
What do the bullish and bearish scenarios say about 5468?
Our models span a range for TM Technology, Inc.: cautious scenario 2.39 TWD, base 2.46 TWD, optimistic 2.52 TWD per share (as of Sep 24, 2026, price 24.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of TM Technology, Inc. (5468)?
Balance-sheet figures for TM Technology, Inc. (as of Sep 24, 2026): return on equity −4.9%, debt of 0.04 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is 5468 from its 52-week high?
TM Technology, Inc. trades at 24.60 TWD, about 32% below its 52-week high of 36.30 TWD and 67% above the low of 14.70 TWD (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 2.46 TWD is for.
Which stocks are comparable to TM Technology, Inc.?
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 TM Technology, Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price 24.60 TWD, calculated fair value 2.46 TWD (−90%), Quality Score 33/100, from 6 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 5468 calculated?
We run TM Technology, Inc. through 6 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 2.46 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. TM Technology, 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 TM Technology, Inc. (5468)?
The closing price on Sep 23, 2026 was 24.60 TWD. Our model-based fair value is 2.46 TWD, about −90% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TM Technology, Inc. right now?
The price sits above even our optimistic bull case (2.52 TWD). The favourable scenario is already priced in. Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. The models converge in a tight band (2.39 TWD to 2.52 TWD), unusually little disagreement for a valuation.

Key figures of TM Technology, Inc.

How large is the market capitalisation of TM Technology, Inc. (5468)?
The market capitalisation of TM Technology, Inc. is 1.4B TWD (≈ $45.5M). 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 TM Technology, Inc. (5468)?
The price-to-sales ratio of TM Technology, Inc. is 8.04 (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 TM Technology, Inc. (5468)?
Earnings per share at TM Technology, Inc. are −0.6500 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of TM Technology, Inc. (5468)?
The net margin of TM Technology, Inc. is −16.0% (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 TM Technology, Inc. (5468)?
The return on equity (ROE) of TM Technology, Inc. is −4.9% (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 TM Technology, Inc. (5468)?
On an EBIT basis the return on assets of TM Technology, Inc. is −0.4% (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 TM Technology, Inc. (5468)?
The operating margin of TM Technology, Inc. is 13.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TM Technology, Inc. (5468)?
Revenue at TM Technology, Inc. is growing +64.7% versus a year earlier (3y avg +1.1%). 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 TM Technology, Inc. (5468)?
Earnings per share at TM Technology, Inc. are growing +623% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does TM Technology, Inc. (5468) generate?
The free cash flow of TM Technology, Inc. is −56.9M 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 TM Technology, Inc. (5468) carry?
The net debt of TM Technology, Inc. is 47.5M 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.
Free · no account needed

Watch TM Technology, Inc. in the live analysis

One click puts TM Technology, Inc. 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.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.