Montage Technology Co (688008) fair value: what the stock is really worth
We calculate from audited financials what Montage Technology Co is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Montage Technology Co
688008 · SHGQuality Too ExpensiveQuality growthExcellent quality, but the valuation looks stretched.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range ¥42.73 – ¥315.89 · fair‑value band ¥55.80 – ¥137.62 · the ¥191.96 price screens above the ¥89.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Company profile
Montage Technology Co., Ltd., an integrated circuit (IC) design company, provides IC-based solutions for cloud computing and AI infrastructure in the People's Republic of China.
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Montage Technology Co., Ltd., an integrated circuit (IC) design company, provides IC-based solutions for cloud computing and AI infrastructure in the People's Republic of China. The company provides components for memory modules, such as multiplexed rank registering clock driver, multiplexed rank data buffer, registering clock driver, data buffer, clock driver, SPD EEPROM with hub, temperature sensor, and power management IC, as well as server and client memory module products. It also offers DDR5 PMIC, SPD Hub, and TS; PCIe retimers; CXL Memory eXpander Controller, a Type 3 Compute Express Link DRAM memory controller; clock chips; and Jintide server platform. Montage Technology Co., Ltd. was founded in 2004 and is based in Shanghai, the People's Republic of China.
Stock analysis
Montage Technology Co (688008) currently trades at ¥191.96, while our model-based Fair Value estimate is ¥89.06, implying the stock looks roughly 115.5% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥93.89 per share, and 0 of the 26 models we run sit above the ¥191.96 price.
Bear case: the Dividend Discount group reads lowest at ¥10.07, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ¥55.80 (bear) to ¥137.62 (bull), the price of ¥191.96 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 84/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Montage Technology Co reported revenue of 5.5B CNY in FY2025 versus 2.6B CNY in FY2021, a compound +20.8%/yr. Reported net income was 2.2B CNY in FY2025, compounding +28.1%/yr from FY2021.
Key figures
Market cap 218B CNY (≈ $32.5B) · P/E ratio 82.7 · P/S ratio 33.9 · EPS (TTM) ¥2.22 · Dividend yield 0.3% · Net margin 41.0% · Return on equity 15.0% · Return on assets (EBIT) 11.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 148% 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 −54%, 688008 screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 82 · Market factors (momentum, volatility) 52
Revenue & earnings trend
Growth Forecast
688008 screens 116% overvalued. Compare with NVIDIA Corporation →
Compare Montage Technology Co with another stock
Price, fair value, quality and upside side by side.
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 · 338 stocks
Valuation Multiplesvs Semiconductors median · lower = cheaper
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NVIDIA Corporation NVDA | $218.29 | $197.96 | −9% |
| Taiwan Semiconductor Manufacturing Company TSM | $433.24 | $476.56 | +10% |
| Broadcom Inc AVGO | $361.99 | $272.24 | −25% |
| SK hynix Inc 000660 | 1,812,000 KRW | 1,993,200 KRW | +10% |
| Micron Technology, Inc MU | $975.26 | $148.38 | −85% |
| Advanced Micro Devices, Inc AMD | $516.13 | $122.74 | −76% |
| Intel Corporation INTC | $102.94 | $35.41 | −66% |
| Texas Instruments Incorporated TXN | $268.70 | $78.54 | −71% |
| Arm Holdings ARM | $264.79 | $44.44 | −83% |
| Semiconductor Manufacturing International Corporation 688981 | ¥117.41 | ¥16.54 | −86% |
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Frequently asked questions
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Key figures of Montage Technology Co
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