BTL Inc. (6840) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of BTL Inc. TWD 37.35, price TWD 103, upside -63.7%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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BTL Inc. provides electro-magnetic compatibility certification and safety testing services in East and South Asia, Southeast Asia, the Middle East, Africa, Europe, South America, and North America.
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BTL Inc. provides electro-magnetic compatibility certification and safety testing services in East and South Asia, Southeast Asia, the Middle East, Africa, Europe, South America, and North America. The company technical platforms also include mobile communication, Bluetooth and BQB certification, SAR/OTA, IoT, electromagnetic compatibility, RF, telecom, safety, new energy, and other technical platforms. The company was founded in 1976 and is based in Taipei, Taiwan.
Stock analysis
BTL Inc. (6840) currently trades at 103.00 TWD, while our model-based Fair Value estimate is 37.35 TWD, implying the stock looks roughly 175.8% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 37.35 TWD per share, and 1 of the 14 models we run sit above the 103.00 TWD price.
Bear case: the Earnings-Based group reads lowest at 9.82 TWD, and 13 of the 14 models stay below the price. Evidence for this calculation is high.
Scenario range: 26.14 TWD (bear) to 48.55 TWD (bull), the price of 103.00 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 47/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
BTL Inc. reported revenue of 909M TWD in FY2025 versus 825M TWD in FY2021, a compound +2.5%/yr. Reported net income was 48.0M TWD in FY2025, compounding −21.9%/yr from FY2021.
Key figures
Market cap 3.2B TWD (≈ $99.4M) · P/E ratio 48.1 · P/S ratio 2.54 · EPS (TTM) 2.14 TWD · Dividend yield 1.0% · Net margin 5.3% · Return on equity 6.4% · Return on assets (EBIT) 3.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 91% 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 −64%, 6840 screens cheaper than that median.
Fair Value models
Bear 26.14 TWDFair Value 37.35 TWDBull 48.55 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 (0.8346 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.21/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+8.5%
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.
+0.8%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD ⓘ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. Basis: EBIT basis. 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.
−19.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.0%
Dividend (yield on the price)1.0%
Profit margin 2021 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.19% → 7%
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 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−64% · Below median
Profitability
Return on equity (TTM)6% · Above median
Return on assets2% · Below median
Net margin (TTM)7% · Above median
Operating margin (TTM)12% · Above median
Growth and dividend
Revenue growth15% · Above median
Dividend yield (TTM)1.0% · Below median
Balance sheet
Debt / equity0.19× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (TTM)48.1× · Pricier than median
P/B3.06× · Pricier than median
P/S (TTM)3.34× · Pricier than median
EV/EBITDA18.1× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)76· sector 38
PAST (return on equity)26· sector 26
HEALTH (low debt)91· sector 95
DIVIDEND (yield)19· sector 25
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). "BTL Inc. Fair Value". https://www.fairvalue-calculator.com/stock/6840
Frequently asked questions
Is BTL Inc. (6840) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 37.35 TWD versus a price of 103.00 TWD, about −64% upside (overvalued).
What is the fair value of 6840?
Our model-based fair value for BTL Inc. is 37.35 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 103.00 TWD.
What is the quality score of 6840?
BTL Inc. has a Quality Score of 47/100. 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 BTL Inc. (6840)?
Our model-based price target is the fair value of 37.35 TWD (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 26.14 TWD, optimistic scenario 48.55 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the BTL Inc. stock forecast for 2026?
Our models put fair value at 37.35 TWD, about −64% upside versus a price of 103.00 TWD (overvalued). Cautious scenario 26.14 TWD, optimistic scenario 48.55 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of BTL Inc. (6840)?
BTL Inc. reported trailing-twelve-month revenue of about 962M TWD (latest available figure, as of Sep 24, 2026).
Does BTL Inc. pay a dividend?
BTL Inc. currently shows a dividend yield of about 0.97% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of BTL Inc. (6840)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BTL Inc. it is 37.35 TWD per share (as of Sep 24, 2026), against a price of 103.00 TWD. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is BTL Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6840 trades above its calculated fair value: price 103.00 TWD, fair value 37.35 TWD, a gap of about −64% (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 6840?
No. The price is what the market pays today (103.00 TWD); the fair value is what the company's own numbers justify (37.35 TWD). For BTL Inc. the two are 65.65 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is BTL Inc. worth?
The market values BTL Inc. at about 3.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 103.00 TWD; our models calculate a fair value of 37.35 TWD per share.
What do the bullish and bearish scenarios say about 6840?
Our models span a range for BTL Inc.: cautious scenario 26.14 TWD, base 37.35 TWD, optimistic 48.55 TWD per share (as of Sep 24, 2026, price 103.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6840?
BTL Inc. trades at a price-to-earnings ratio of 48.1 (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 37.35 TWD is built from several models across several years. Other multiples: P/B 3.1, P/S 3.3, EV/EBITDA 18.1.
How solid is the balance sheet of BTL Inc. (6840)?
Balance-sheet figures for BTL Inc. (as of Sep 24, 2026): return on equity 6.4%, debt of 0.19 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 6840 from its 52-week high?
BTL Inc. trades at 103.00 TWD, about 5% below its 52-week high of 108.00 TWD and 91% above the low of 54.06 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 37.35 TWD is for.
Which stocks are comparable to BTL Inc.?
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 BTL Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price 103.00 TWD, calculated fair value 37.35 TWD (−64%), Quality Score 47/100, 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 6840 calculated?
We run BTL Inc. through 14 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 37.35 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 13.0 % above its aggregate fair value. BTL 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 BTL Inc. (6840)?
The closing price on Sep 24, 2026 was 103.00 TWD. Our model-based fair value is 37.35 TWD, about −64% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BTL Inc. right now?
The price sits above even our optimistic bull case (48.55 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (26.14 TWD to 48.55 TWD) leaves room in how you read the outcome.
Key figures of BTL Inc.
How large is the market capitalisation of BTL Inc. (6840)?
The market capitalisation of BTL Inc. is 3.2B TWD (≈ $99.4M). 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 BTL Inc. (6840)?
The price-to-sales ratio of BTL Inc. is 2.54 (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 BTL Inc. (6840)?
Earnings per share at BTL Inc. are 2.14 TWD (price ÷ EPS = P/E 48.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BTL Inc. (6840)?
The dividend yield of BTL Inc. is 1.0% (payout 46.7%). 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 BTL Inc. (6840)?
The net margin of BTL Inc. is 5.3% (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 BTL Inc. (6840)?
The return on equity (ROE) of BTL Inc. is 6.4% (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 BTL Inc. (6840)?
On an EBIT basis the return on assets of BTL Inc. is 3.8% (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 BTL Inc. (6840)?
The operating margin of BTL Inc. is 11.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BTL Inc. (6840)?
Revenue at BTL Inc. is growing +15.1% versus a year earlier (3y avg +0.8%). 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 BTL Inc. (6840)?
Earnings per share at BTL Inc. are growing +215% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does BTL Inc. (6840) generate?
The free cash flow of BTL Inc. is −26.2M 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 BTL Inc. (6840) carry?
The net debt of BTL Inc. is 28.3M 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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