BTL Inc. (6840) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of BTL Inc. stock TWD 22.88, price TWD 63.40, that is 63.9% below the price, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 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 7, 2026.
How to read this chart
58‑month range 38.34 TWD – 108.00 TWD · fair‑value band 22.12 TWD – 34.15 TWD · the 63.40 TWD price screens above the 22.88 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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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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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 63.40 TWD, while our model-based Fair Value estimate is 22.88 TWD, 64% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 45.35 TWD per share, and 2 of the 16 models we run sit above the 63.40 TWD price.
Bear case: the Dividend Discount group reads lowest at 3.18 TWD, and 14 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: 22.12 TWD (bear) to 34.15 TWD (bull), the price of 63.40 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 2.0B TWD (≈ $61.8M) Micro · P/E ratio 30.2 · P/S ratio 2.11 · EPS (TTM) 2.10 TWD · Dividend yield 1.6% · Net margin 6.9% · Return on equity 6.4% · Return on assets (EBIT) 3.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at −64%, 6840 screens richer than that median.
Fair Value models
Bear22.12 TWDFair Value 22.88 TWDBull34.15 TWD
Price 63.40 TWD · Downside -63.9%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.9472 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. 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.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.
−18.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.0%
Dividend (yield on the price)1.6%
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 · 693 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−63.9% · Bottom 25%
Profitability
Return on equity (12 months)6.4% · Above median
Return on assets2.7% · Below median
Net margin (12 months)6.9% · Above median
Operating margin (12 months)11.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)15.1% · Above median
Dividend yield (12 months)1.6% · Above median
Balance sheet
Debt / equity0.19× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)30.2× · Pricier than median
P/B1.93× · Cheaper than median
P/S (12 months)2.11× · Cheaper than median
EV/EBITDA11.3× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)76· sector 71
PAST (return on equity)26· sector 26
HEALTH (low debt)91· sector 95
DIVIDEND (yield)32· 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 Nov 7, 2026, our model estimates a fair value of 22.88 TWD versus a price of 63.40 TWD, about 64% lower (overvalued).
What is the fair value of 6840?
Our model-based fair value for BTL Inc. is 22.88 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 63.40 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 22.88 TWD (as of Nov 7, 2026) from 16 valuation models. Cautious scenario 22.12 TWD, optimistic scenario 34.15 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 22.88 TWD, about 64% lower versus a price of 63.40 TWD (overvalued). Cautious scenario 22.12 TWD, optimistic scenario 34.15 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 Nov 7, 2026).
Does BTL Inc. pay a dividend?
BTL Inc. currently shows a dividend yield of 1.58% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of BTL Inc. (6840) and when is the ex-dividend date?
BTL Inc. pays a dividend of 0.999 TWD per share a year, a dividend yield of 1.6%. The last ex-dividend date was Jul 7, 2026. The payout ratio is 47.6% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
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 22.88 TWD per share (as of Nov 7, 2026), against a price of 63.40 TWD. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is BTL Inc. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 6840 trades above its calculated fair value: price 63.40 TWD, fair value 22.88 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 (63.40 TWD); the fair value is what the company's own numbers justify (22.88 TWD). For BTL Inc. the two are 40.52 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 2.0B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 63.40 TWD; our models calculate a fair value of 22.88 TWD per share.
What do the bullish and bearish scenarios say about 6840?
Our models span a range for BTL Inc.: cautious scenario 22.12 TWD, base 22.88 TWD, optimistic 34.15 TWD per share (as of Nov 7, 2026, price 63.40 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 30.2 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 22.88 TWD is built from several models across several years. Other multiples: P/B 1.9, P/S 2.1, EV/EBITDA 11.3.
How solid is the balance sheet of BTL Inc. (6840)?
Balance-sheet figures for BTL Inc. (as of Nov 7, 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 63.40 TWD, about 41% below its 52-week high of 108.00 TWD and 17% above the low of 54.06 TWD (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 22.88 TWD is for.
Which stocks are comparable to BTL Inc.?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, 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 BTL Inc. stock attractive at the current price?
The data as of Nov 7, 2026: price 63.40 TWD, calculated fair value 22.88 TWD (−64%), Quality Score 47/100, from 16 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 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 22.88 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 13.7% 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 Nov 10, 2026 was 63.40 TWD. Our model-based fair value is 22.88 TWD, about 64% lower (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 (34.15 TWD). The favourable scenario is already priced in. Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of BTL Inc.
How large is the market capitalisation of BTL Inc. (6840)?
The market capitalisation of BTL Inc. is 2.0B TWD (≈ $61.8M). 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 2.11 (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 BTL Inc. (6840)?
Earnings per share at BTL Inc. are 2.10 TWD (price ÷ EPS = P/E 30.2). 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 1.6% (payout 47.6%). 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 BTL Inc. (6840)?
The net margin of BTL Inc. is 6.9% (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 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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Broad data
Nov 7, 2026