Taiwan Printed Circuit Board Techvest Co Ltd (8213) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Taiwan Printed Circuit Board Techvest Co Ltd stock TWD 41.47, price TWD 38.65, upside +7.3%, quality 48 out of 100. Rating: fairly valued. Calculated from audited financials with 15 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
60‑month range 26.25 TWD – 46.74 TWD · fair‑value band 34.84 TWD – 42.66 TWD · the 38.65 TWD price screens below the 41.47 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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Taiwan Printed Circuit Board Techvest Co.,Ltd. engages in the manufacturing, processing, and selling of electronic components and printed circuit boards (PCBs) in China, Hong Kong, Taiwan, Singapore, and internationally. It offers LCD display panels.
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The company is also involved in the general investment business. Taiwan Printed Circuit Board Techvest Co.,Ltd. was incorporated in 1998 and is based in Taoyuan City, Taiwan.
Stock analysis
Taiwan Printed Circuit Board Techvest Co Ltd (8213) currently trades at 38.65 TWD, while our model-based Fair Value estimate is 41.47 TWD, so the stock looks roughly fairly valued today (gap 6.8%).
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Valuation
Bull case: the Multiples group reads highest at a median of 58.38 TWD per share, and 10 of the 15 models we run sit above the 38.65 TWD price.
Bear case: the Dividend Discount group reads lowest at 14.10 TWD, and 5 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 34.84 TWD (bear) to 42.66 TWD (bull), the price of 38.65 TWD sits inside 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 48/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Taiwan Printed Circuit Board Techvest Co Ltd reported revenue of 18.4B TWD in FY2025 versus 27.5B TWD in FY2021, a compound −9.6%/yr. Reported net income was 614M TWD in FY2025, compounding −27.8%/yr from FY2021.
Key figures
Market cap 10.5B TWD (≈ $320M) Small · P/E ratio 19.7 · P/S ratio 0.54 · EPS (TTM) 1.96 TWD · Dividend yield 3.5% · Net margin 2.8% · Return on equity 3.3% · Return on assets (EBIT) 5.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 36% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 7%, 8213 screens cheaper than that median.
Fair Value models
Bear34.84 TWDFair Value 41.47 TWDBull42.66 TWD
Price 38.65 TWD · Upside +7.3%
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 (1.68 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.20/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.7%
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.
−5.8%
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.
−4.3%
Start year 2020 (pandemic). Over 10 years: −2.0% a year
Revenue growth 21 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.
+11.4%
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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.
−16.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−19.9%
Dividend (yield on the price)3.5%
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.−19.9% vs −5.0%, 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.13% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 1.5%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Taiwan Printed Circuit Board Techvest Co Ltd with another stock
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 · 653 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+7.3% · Above median
Profitability
Return on equity (12 months)3.3% · Below median
Return on assets2.0% · Below median
Net margin (12 months)2.8% · Below median
Operating margin (12 months)4.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)13.6% · Below median
Dividend yield (12 months)3.5% · Top 25%
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Taiwan Printed Circuit Board Techvest Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8213
Frequently asked questions
Is Taiwan Printed Circuit Board Techvest Co Ltd (8213) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 41.47 TWD versus a price of 38.65 TWD, about +7% upside (fairly valued).
What is the fair value of 8213?
Our model-based fair value for Taiwan Printed Circuit Board Techvest Co Ltd is 41.47 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 38.65 TWD.
What is the quality score of 8213?
Taiwan Printed Circuit Board Techvest Co Ltd has a Quality Score of 48/100. 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 Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
Our model-based price target is the fair value of 41.47 TWD (as of Nov 7, 2026) from 15 valuation models. Cautious scenario 34.84 TWD, optimistic scenario 42.66 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Taiwan Printed Circuit Board Techvest Co Ltd stock forecast for 2026?
Our models put fair value at 41.47 TWD, about +7% upside versus a price of 38.65 TWD (fairly valued). Cautious scenario 34.84 TWD, optimistic scenario 42.66 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
Taiwan Printed Circuit Board Techvest Co Ltd reported trailing-twelve-month revenue of about 19.3B TWD (latest available figure, as of Nov 7, 2026).
Does Taiwan Printed Circuit Board Techvest Co Ltd pay a dividend?
Taiwan Printed Circuit Board Techvest Co Ltd currently shows a dividend yield of 3.49% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
Taiwan Printed Circuit Board Techvest Co Ltd has a dividend yield of 3.5%.
What is the intrinsic value of Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Taiwan Printed Circuit Board Techvest Co Ltd it is 41.47 TWD per share (as of Nov 7, 2026), against a price of 38.65 TWD. It is the blended result of 15 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Taiwan Printed Circuit Board Techvest Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 8213 trades below its calculated fair value: price 38.65 TWD, fair value 41.47 TWD, a gap of about +7% (fairly valued). 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 8213?
No. The price is what the market pays today (38.65 TWD); the fair value is what the company's own numbers justify (41.47 TWD). For Taiwan Printed Circuit Board Techvest Co Ltd the two are 2.82 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Taiwan Printed Circuit Board Techvest Co Ltd worth?
The market values Taiwan Printed Circuit Board Techvest Co Ltd at about 10.5B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 38.65 TWD; our models calculate a fair value of 41.47 TWD per share.
What do the bullish and bearish scenarios say about 8213?
Our models span a range for Taiwan Printed Circuit Board Techvest Co Ltd: cautious scenario 34.84 TWD, base 41.47 TWD, optimistic 42.66 TWD per share (as of Nov 7, 2026, price 38.65 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8213?
Taiwan Printed Circuit Board Techvest Co Ltd trades at a price-to-earnings ratio of 19.7 (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 41.47 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 9.8. Other multiples: P/B 0.7, P/S 0.5, EV/EBITDA 2.5.
How solid is the balance sheet of Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
Balance-sheet figures for Taiwan Printed Circuit Board Techvest Co Ltd (as of Nov 7, 2026): return on equity 3.3%, debt of 0.11 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 8213 from its 52-week high?
Taiwan Printed Circuit Board Techvest Co Ltd trades at 38.65 TWD, about 10% below its 52-week high of 42.85 TWD and 36% above the low of 28.50 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 41.47 TWD is for.
Which stocks are comparable to Taiwan Printed Circuit Board Techvest 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 Taiwan Printed Circuit Board Techvest Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 38.65 TWD, calculated fair value 41.47 TWD (+7%), Quality Score 48/100, from 15 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 8213 calculated?
We run Taiwan Printed Circuit Board Techvest Co Ltd through 15 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 41.47 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 13.3% above its aggregate fair value. Taiwan Printed Circuit Board Techvest Co Ltd currently trades 7% below its own fair value, and the market average says nothing about that. 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 Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
The closing price on Nov 9, 2026 was 38.65 TWD. Our model-based fair value is 41.47 TWD, about +7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Taiwan Printed Circuit Board Techvest Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Taiwan Printed Circuit Board Techvest Co Ltd (8213) come from?
Earnings per share at Taiwan Printed Circuit Board Techvest Co Ltd grew −3.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share −2.1 %, EBIT margin −2.0 %, tax rate −0.8 %, residual (interest, one-offs) +1.4 %. 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 Taiwan Printed Circuit Board Techvest Co Ltd
How large is the market capitalisation of Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
The market capitalisation of Taiwan Printed Circuit Board Techvest Co Ltd is 10.5B TWD (≈ $320M). 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 Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
The price-to-sales ratio of Taiwan Printed Circuit Board Techvest Co Ltd is 0.54 (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 Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
Earnings per share at Taiwan Printed Circuit Board Techvest Co Ltd are 1.96 TWD (price ÷ EPS = P/E 19.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
The dividend yield of Taiwan Printed Circuit Board Techvest Co Ltd is 3.5% (payout 68.9%). 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 Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
The net margin of Taiwan Printed Circuit Board Techvest Co Ltd is 2.8% (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 Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
The return on equity (ROE) of Taiwan Printed Circuit Board Techvest Co Ltd is 3.3% (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 Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
On an EBIT basis the return on assets of Taiwan Printed Circuit Board Techvest Co Ltd is 5.6% (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 Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
The operating margin of Taiwan Printed Circuit Board Techvest Co Ltd is 4.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
Revenue at Taiwan Printed Circuit Board Techvest Co Ltd is growing +13.6% versus a year earlier (3y avg −5.8%). 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 Taiwan Printed Circuit Board Techvest Co Ltd (8213)?
Earnings per share at Taiwan Printed Circuit Board Techvest Co Ltd are growing +6.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Taiwan Printed Circuit Board Techvest Co Ltd (8213) generate?
The free cash flow of Taiwan Printed Circuit Board Techvest Co Ltd is −132M 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 Taiwan Printed Circuit Board Techvest Co Ltd (8213) hold?
Taiwan Printed Circuit Board Techvest Co Ltd holds more cash than debt, 881M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 7, 2026