Allied Circuit Co Ltd (8155) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Allied Circuit Co Ltd stock TWD 127, price TWD 221, that is 42.4% below the price, quality 42 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 5, 2026.
How to read this chart
60‑month range 79.46 TWD – 456.50 TWD · fair‑value band 88.84 TWD – 164.99 TWD · the 220.50 TWD price screens above the 126.91 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Allied Circuit Co., Ltd. engages in the manufacture and sale of industrial and commercial printed circuit boards (PCBs) in Taiwan. It provides reliability and rigid type multi-layer PCBs, and HDI products.
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The company's product is used in server, networking, IPC, and load board/probe PCB applications. Allied Circuit Co., Ltd. was incorporated in 1995 and is based in Taoyuan City, Taiwan.
Stock analysis
Allied Circuit Co Ltd (8155) currently trades at 220.50 TWD, while our model-based Fair Value estimate is 126.91 TWD, 42% 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 155.51 TWD per share, and 0 of the 16 models we run sit above the 220.50 TWD price.
Bear case: the Asset-Based group reads lowest at 24.86 TWD, and 16 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 88.84 TWD (bear) to 164.99 TWD (bull), the price of 220.50 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 42/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Allied Circuit Co Ltd reported revenue of 5.0B TWD in FY2025 versus 2.9B TWD in FY2021, a compound +14.3%/yr. Reported net income was 377M TWD in FY2025, compounding −0.9%/yr from FY2021.
Key figures
Market cap 13.8B TWD (≈ $420M) Small · P/E ratio 19.4 · P/S ratio 2.40 · EPS (TTM) 11.36 TWD · Dividend yield 2.4% · Net margin 12.6% · Return on equity 21.6% · Return on assets (EBIT) 10.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 48% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −42%, 8155 screens richer than that median.
Fair Value models
Bear88.84 TWDFair Value 126.91 TWDBull164.99 TWD
Price 220.50 TWD · Downside -42.4%
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 (5.18 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.
Best data coverage
Residual Income40.67 TWD44.03 TWD49.84 TWD76
EPV48.69 TWD52.53 TWD55.57 TWD74
ROIC Compounder48.69 TWD53.49 TWD60.50 TWD72
All 16 models by family
Earnings-Based
Graham-Dodd41.06 TWD219.40 TWD303.93 TWD63
Lynch FV60.57 TWD86.53 TWD112.49 TWD61
PEG = 1.060.57 TWD86.53 TWD112.49 TWD57
EPV48.69 TWD52.53 TWD55.57 TWD74
Dividend Discount
Gordon GGM21.08 TWD33.10 TWD41.02 TWD69
DDM Multi-Stage21.08 TWD32.38 TWD35.78 TWD67
Multiples
P/E Multiple126.81 TWD169.07 TWD211.34 TWD63
P/S Multiple76.99 TWD102.65 TWD128.32 TWD58
P/B Multiple112.15 TWD149.53 TWD186.91 TWD55
EV/EBIT123.02 TWD161.48 TWD199.93 TWD66
EV/EBITDA145.13 TWD190.95 TWD236.77 TWD67
EV/Revenue65.99 TWD90.98 TWD115.97 TWD54
Asset-Based
NCAV (Graham)16.41 TWD24.86 TWD31.07 TWD54
Economic Profit
Residual Income40.67 TWD44.03 TWD49.84 TWD76
ROIC Compounder48.69 TWD53.49 TWD60.50 TWD72
Growth Earnings
Growth-Adj P/E104.52 TWD149.31 TWD194.11 TWD67
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+36.9%
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.
+12.8%
Revenue growth 5 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.
+11.2%
Start year 2020 (pandemic). Over 10 years: +12.5% a year
Revenue growth 16 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.
+10.4%
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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. 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.
−1.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.4%
Dividend (yield on the price)2.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3.4% vs 8.1%, slowing
Profit margin 2020 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.22% → 8%
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 · 651 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−42.4% · Below median
Profitability
Return on equity (12 months)21.6% · Top 25%
Return on assets6.3% · Above median
Net margin (12 months)12.6% · Top 25%
Operating margin (12 months)14.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)30.3% · Above median
Dividend yield (12 months)2.4% · Above median
Balance sheet
Debt / equity0.23× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)19.4× · Cheaper than median
P/B4.30× · Priciest 25%
P/S (12 months)2.40× · Pricier than median
EV/EBITDA12.7× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 70
PAST (return on equity)86· sector 28
HEALTH (low debt)88· sector 95
DIVIDEND (yield)48· sector 27
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). "Allied Circuit Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8155
Frequently asked questions
Is Allied Circuit Co Ltd (8155) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 126.91 TWD versus a price of 220.50 TWD, about 42% lower (overvalued).
What is the fair value of 8155?
Our model-based fair value for Allied Circuit Co Ltd is 126.91 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 220.50 TWD.
What is the quality score of 8155?
Allied Circuit Co Ltd has a Quality Score of 42/100. 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 Allied Circuit Co Ltd (8155)?
Our model-based price target is the fair value of 126.91 TWD (as of Nov 5, 2026) from 16 valuation models. Cautious scenario 88.84 TWD, optimistic scenario 164.99 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Allied Circuit Co Ltd stock forecast for 2026?
Our models put fair value at 126.91 TWD, about 42% lower versus a price of 220.50 TWD (overvalued). Cautious scenario 88.84 TWD, optimistic scenario 164.99 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Allied Circuit Co Ltd (8155)?
Allied Circuit Co Ltd reported trailing-twelve-month revenue of about 5.7B TWD (latest available figure, as of Nov 5, 2026).
Does Allied Circuit Co Ltd pay a dividend?
Allied Circuit Co Ltd currently shows a dividend yield of 2.40% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Allied Circuit Co Ltd (8155) and when is the ex-dividend date?
Allied Circuit Co Ltd pays a dividend of 5.30 TWD per share a year, a dividend yield of 2.4%. The last ex-dividend date was Jul 8, 2026. A dividend has been paid every year since at least 2012. The payout ratio is 46.7% 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 Allied Circuit Co Ltd (8155)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Allied Circuit Co Ltd it is 126.91 TWD per share (as of Nov 5, 2026), against a price of 220.50 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 Allied Circuit Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 8155 trades above its calculated fair value: price 220.50 TWD, fair value 126.91 TWD, a gap of about −42% (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 8155?
No. The price is what the market pays today (220.50 TWD); the fair value is what the company's own numbers justify (126.91 TWD). For Allied Circuit Co Ltd the two are 93.59 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Allied Circuit Co Ltd worth?
The market values Allied Circuit Co Ltd at about 13.8B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 220.50 TWD; our models calculate a fair value of 126.91 TWD per share.
What do the bullish and bearish scenarios say about 8155?
Our models span a range for Allied Circuit Co Ltd: cautious scenario 88.84 TWD, base 126.91 TWD, optimistic 164.99 TWD per share (as of Nov 5, 2026, price 220.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8155?
Allied Circuit Co Ltd trades at a price-to-earnings ratio of 19.4 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 126.91 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 17.1. Other multiples: P/B 4.3, P/S 2.4, EV/EBITDA 12.7.
How solid is the balance sheet of Allied Circuit Co Ltd (8155)?
Balance-sheet figures for Allied Circuit Co Ltd (as of Nov 5, 2026): return on equity 21.6%, debt of 0.23 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 8155 from its 52-week high?
Allied Circuit Co Ltd trades at 220.50 TWD, about 52% below its 52-week high of 456.50 TWD and 48% above the low of 148.50 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 126.91 TWD is for.
Which stocks are comparable to Allied Circuit Co Ltd?
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 Allied Circuit Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price 220.50 TWD, calculated fair value 126.91 TWD (−42%), Quality Score 42/100, 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 8155 calculated?
We run Allied Circuit Co Ltd 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 126.91 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 13.0% above its aggregate fair value. Allied Circuit Co Ltd 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 Allied Circuit Co Ltd (8155)?
The closing price on Nov 6, 2026 was 220.50 TWD. Our model-based fair value is 126.91 TWD, about 42% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Allied Circuit Co Ltd right now?
The price sits above even our optimistic bull case (164.99 TWD). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (88.84 TWD to 164.99 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Allied Circuit Co Ltd (8155) come from?
Earnings per share at Allied Circuit Co Ltd grew +11.3 % a year from 2012 to 2023. Broken into its drivers: revenue per share +5.4 %, EBIT margin +7.6 %, tax rate −1.3 %, residual (interest, one-offs) −0.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Allied Circuit Co Ltd
How large is the market capitalisation of Allied Circuit Co Ltd (8155)?
The market capitalisation of Allied Circuit Co Ltd is 13.8B TWD (≈ $420M). 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 Allied Circuit Co Ltd (8155)?
The price-to-sales ratio of Allied Circuit Co Ltd is 2.40 (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 Allied Circuit Co Ltd (8155)?
Earnings per share at Allied Circuit Co Ltd are 11.36 TWD (price ÷ EPS = P/E 19.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Allied Circuit Co Ltd (8155)?
The dividend yield of Allied Circuit Co Ltd is 2.4% (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 Allied Circuit Co Ltd (8155)?
The net margin of Allied Circuit Co Ltd is 12.6% (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 Allied Circuit Co Ltd (8155)?
The return on equity (ROE) of Allied Circuit Co Ltd is 21.6% (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 Allied Circuit Co Ltd (8155)?
On an EBIT basis the return on assets of Allied Circuit Co Ltd is 10.6% (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 Allied Circuit Co Ltd (8155)?
The operating margin of Allied Circuit Co Ltd is 14.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Allied Circuit Co Ltd (8155)?
Revenue at Allied Circuit Co Ltd is growing +30.3% versus a year earlier (3y avg +12.8%). 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 Allied Circuit Co Ltd (8155)?
Earnings per share at Allied Circuit Co Ltd are growing +167% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Allied Circuit Co Ltd (8155) generate?
The free cash flow of Allied Circuit Co Ltd is −400M 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 cash does Allied Circuit Co Ltd (8155) hold?
Allied Circuit Co Ltd holds more cash than debt, 478M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Nov 5, 2026