Rigol Technologies Co (688337) Fair Value & Analysis
Technology · CN · Market cap 8.4B CNY
Fair value as of: Aug 11, 2026
From 26 valuation models · updated yesterday
Fair value updated Aug 11, 2026, revised from ¥10.78 to ¥10.72 (−0.6%) since Jul 12, 2026. Share price −20.7% over the past month.
A solid business, but screening 75% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥10.72). The favourable scenario is already priced in.
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥5.94 to ¥10.72) leaves room in how you read the outcome.
Price vs Fair Value (4 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 11, 2026.
How to read this chart
52‑month range ¥22.08 – ¥78.70 · fair‑value band ¥5.94 – ¥10.72 · the ¥43.30 price screens above the ¥10.72 fair value. Dashed = 300-day average. As of Aug 11, 2026.
Analysis
Rigol Technologies Co (688337) currently trades at ¥43.30, while our model-based Fair Value estimate is ¥10.72, implying the stock looks roughly 75.2% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Rigol Technologies Co generated revenue of 964M CNY at a net margin of 10.9%. Revenue grew 38.0% year over year. It earns a return on equity of 3.3%. The stock trades on a trailing P/E of 119.4. Fundamentals as of Aug 11, 2026
Our scenario range runs from ¥5.94 (bear case) to ¥10.72 (bull case); at ¥43.30, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 42% below its 52-week high and 32% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -45% fair-value upside, at -75%, 688337 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (¥11.10) versus Economic Profit (¥4.15). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 43
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Rigol Technologies Co., Ltd., together with its subsidiaries, engages in the research, development, manufacturing, and sale of electronic testing and measuring instruments and accessories in China and internationally.
Full company description
Rigol Technologies Co., Ltd., together with its subsidiaries, engages in the research, development, manufacturing, and sale of electronic testing and measuring instruments and accessories in China and internationally. The company offers digital oscilloscopes, function/arbitrary waveform generators, RF signal generators, DC power supplies, programmable DC electronic loads, digital multimeters, data acquisition and switch systems, spectrum analyzers, modular instruments, and probes. It also provides communication test solutions, including wireless communication and USB, ethernet, and MIPI D-PHY physical layer compliance tests; automotive electronics test solutions, such as smart cockpit, ADAS, and powertrain; and power electronics test solutions comprising power semiconductor dynamic performance testing and power supply design and testing. In addition, the company offers warranty extension, maintenance plan, license activation, factory calibration and certification, and calibration and repair services; and sale of computer software and hardware and peripheral equipment. It serves automotive electronics, new energy, semiconductors, education and scientific research, and general electronics industries. The company was founded in 1998 and is headquartered in Suzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Rigol Technologies Co reported revenue of ¥900M in FY2025 versus ¥484M in FY2021, a compound +16.8%/yr. Reported net income was ¥86.1M in FY2025.
688337 screens 75% overvalued. Compare with Keysight Technologies, Inc →
Peer Group
Scientific & Technical Instruments · 164 stocks
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.
Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Aug 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Keysight Technologies, Inc KEYS | $315.90 | $84.16 | -73% |
| Garmin Ltd GRMN | $241.76 | $146.67 | -39% |
| Teledyne Technologies Incorporated TDY | $635.52 | $367.58 | -42% |
| Chroma ATE Inc 2360 | 1,905 TWD | 286.15 TWD | -85% |
| Hexagon AB HEXAB | kr 80.10 | kr 52.93 | -34% |
| MKS Inc MKSI | $324.69 | $77.46 | -76% |
| AVIC Chengdu Aircraft Company 302132 | ¥52.91 | ¥34.47 | -35% |
| Fortive Corporation FTV | $61.78 | $33.84 | -45% |
| Trimble Inc TRMB | $52.72 | $24.47 | -54% |
| Cognex Corporation CGNX | $64.07 | $13.75 | -79% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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