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Ruby Tech Corporation (8048) Fair Value & Analysis

Technology · TW · Market cap 3.3B TWD

RT Ruby Tech Corporation 8048 · TWO
Price52.40 TWD
Fair Value44.01 TWD
Upside-16.0%
Quality79/100
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Mixed Growth
Solidly profitable · 14.4% net margin
generates free cash flow
3.18% dividend yield
Ranks above peers (11/13)
Moderate moat 58/100
Evidence: High Range 33.00 TWD – 55.01 TWD Share as image

Fair value as of: Jul 22, 2026

From 22 valuation models · updated 19 days ago

Share price −13.1% over the past month.

A strong business, but screening 16% overvalued on our models.

What matters now

  • A high-quality business (quality 79/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • Our model range runs from 33.00 TWD (bear) to 55.01 TWD (bull), base 44.01 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 79/100 (high quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

99.90 TWD 24.66 TWD Fair Value 44.01 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 24.66 TWD – 99.90 TWD · fair‑value band 33.00 TWD – 55.01 TWD · the 52.40 TWD price screens above the 44.01 TWD fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Ruby Tech Corporation (8048) currently trades at 52.40 TWD, while our model-based Fair Value estimate is 44.01 TWD, implying the stock looks roughly 16.0% overvalued today. The Quality Score stands at 79/100 (high 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, Ruby Tech Corporation generated revenue of 1.0B TWD at a net margin of 14.4%. Revenue grew 8.1% year over year. It earns a return on equity of 12.4%. The balance sheet holds a net cash position of 184M TWD. Fundamentals as of Jul 22, 2026

Our scenario range runs from 33.00 TWD (bear case) to 55.01 TWD (bull case); at 52.40 TWD, the current price sits within 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 32% below its 52-week high and 42% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -16%, 8048 screens cheaper 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.

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
Highest evidence
Residual Income 19.02 TWD 23.04 TWD 48.67 TWD 76
Growth DCF 48.48 TWD 61.42 TWD 84.53 TWD 72
Growth-Adj P/E 28.29 TWD 40.42 TWD 52.55 TWD 68
All 22 models by family
DCF Models
FCF DCF 46.98 TWD 60.27 TWD 86.26 TWD 38
Owner Earnings 33.62 TWD 42.57 TWD 60.05 TWD 31
5Y Revenue Exit 36.56 TWD 47.53 TWD 64.06 TWD 39
5Y EBITDA Exit 38.06 TWD 50.07 TWD 66.61 TWD 41
5Y P/E Exit 43.13 TWD 58.68 TWD 77.98 TWD 38
10Y Revenue Exit 39.74 TWD 49.57 TWD 60.37 TWD 36
10Y EBITDA Exit 41.30 TWD 51.20 TWD 61.97 TWD 37
10Y P/E Exit 44.34 TWD 56.71 TWD 69.07 TWD 35
Earnings-Based
Graham-Dodd 18.13 TWD 28.83 TWD 34.69 TWD 54
EPV 22.24 TWD 24.77 TWD 26.95 TWD 59
Multiples
P/E Multiple 39.99 TWD 53.32 TWD 66.66 TWD 63
P/S Multiple 32.84 TWD 43.78 TWD 54.73 TWD 58
P/B Multiple 33.99 TWD 45.33 TWD 56.66 TWD 55
EV/EBIT 44.22 TWD 56.90 TWD 69.57 TWD 53
EV/EBITDA 36.52 TWD 46.62 TWD 56.73 TWD 54
EV/Revenue 31.83 TWD 42.81 TWD 53.80 TWD 43
Asset-Based
NCAV (Graham) 10.12 TWD 13.56 TWD 20.24 TWD 50
Growth DCF
Growth DCF 48.48 TWD 61.42 TWD 84.53 TWD 72
Rev-Margin DCF 36.56 TWD 48.49 TWD 63.89 TWD 67
Economic Profit
Residual Income 19.02 TWD 23.04 TWD 48.67 TWD 76
ROIC Compounder 22.33 TWD 25.26 TWD 28.47 TWD 67
Growth Earnings
Growth-Adj P/E 28.29 TWD 40.42 TWD 52.55 TWD 68

Widest divergence: DCF Models (50.07 TWD) versus Asset-Based (13.56 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.0B TWD
Revenue growth (YoY) +8.1%
Net margin 14.4%
Return on equity 12.4%
Free cash flow 247M TWD FY2025
P/E ratio 21.4
More key figures
Operating margin 16.2%
EPS (TTM) 2.65 TWD
Dividend yield 3.2%
EPS growth (YoY) -15.2%
Net cash 184M TWD FY2023

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 79/100

Of which business quality 78 · Market factors (momentum, volatility) 58

Profitability 55
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 90
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

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

Ruby Tech Corporation engages in the research and development, manufacture, and sale of networking products in Taiwan. It offers power over ethernet (PoE), speed, grade, and industrial switches; managed, web-smart, unmanaged, PoE, mode, and industrial converters; and managed NVR PoE solution products.

Full company description

Ruby Tech Corporation engages in the research and development, manufacture, and sale of networking products in Taiwan. It offers power over ethernet (PoE), speed, grade, and industrial switches; managed, web-smart, unmanaged, PoE, mode, and industrial converters; and managed NVR PoE solution products. The company also provides ODM network interface card (NIC) products, including Ethernet interfaces, wireless network cards, and specialized industrial-grade NICs; and GEPON products, such as OLT chassis and modules, StandAlone OLT products, ONU products, and splitters. In addition, it offers customization and support services. The company was founded in 1970 and is headquartered in Taipei, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ruby Tech Corporation reported revenue of 1.0B TWD in FY2025 versus 884M TWD in FY2021, a compound +3.4%/yr. Reported net income was 154M TWD in FY2025, compounding −1.0%/yr from FY2021.

Growth Quality 74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.0B TWD
Latest YoY
−0.8%
Avg. growth/yr (3Y) 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.
−2.3%
Avg. growth/yr (5Y) 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.
+5.3%
Avg. growth/yr (8Y) 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.
−0.7%
Revenue +3.4%/yr
FY21 884M TWD
FY22 1.1B TWD
FY23 1.8B TWD
FY24 1.0B TWD
FY25 1.0B TWD
Net income −1.0%/yr
FY21 160M TWD
FY22 132M TWD
FY23 245M TWD
FY24 136M TWD
FY25 154M TWD

8048 screens 16% overvalued. Compare with Cisco Systems, Inc →

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Cite: Fair Value Calculator (2026). "Ruby Tech Corporation Fair Value". https://www.fairvalue-calculator.com/stock/8048

Peer Group

Communication Equipment · 286 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.

Quality Score 79 · Top 25%
Fair Value upside −14% · Above median
Return on equity (TTM) 12% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 8% · Above median
Dividend yield (TTM) 3.2% · Top 25%

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/E (TTM) 21.4× · Cheaper than median
P/B 2.80× · Pricier than median
P/S (TTM) 3.17× · Pricier than median
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 16.2× · Cheaper than median

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 15 · sector 0
FUTURE 41 · sector 30
PAST 50 · sector 15
HEALTH 0 · sector 98
DIVIDEND 64 · sector 25

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is Ruby Tech Corporation (8048) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 44.01 TWD versus a price of 52.40 TWD, about −16% (overvalued).
What is the fair value of 8048?
Our model-based fair value for Ruby Tech Corporation is 44.01 TWD (as of Jul 22, 2026), built from audited fundamentals. The current price is 52.40 TWD.
What is the quality score of 8048?
Ruby Tech Corporation has a Quality Score of 79/100. 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 revenue of Ruby Tech Corporation (8048)?
Ruby Tech Corporation reported trailing-twelve-month revenue of about 1.0B TWD (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 8048?
The net profit margin of Ruby Tech Corporation is about 14.4%, meaning it keeps roughly 14.4% of revenue as net income. Based on the latest reported figures.
Does Ruby Tech Corporation pay a dividend?
Ruby Tech Corporation currently shows a dividend yield of about 3.18% relative to its recent price (as of Jul 22, 2026).

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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