Progate Group Corporation (8227) fair value: what the stock is really worth
As of Oct 27, 2026: fair value (intrinsic value) of Progate Group Corporation stock TWD 26.67, price TWD 246, upside -89.2%, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?No
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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 Oct 28, 2026.
How to read this chart
60‑month range 3.09 TWD – 416.29 TWD · fair‑value band 23.76 TWD – 31.98 TWD · the 246.00 TWD price screens above the 26.67 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 28, 2026.
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Progate Group Corporation engages in the design, development, manufactures, sale, and trading of integrated circuits in Taiwan.
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It is also involved in intellectual property rights; wholesale of electronic materials and information software; and agency and import and export trade of various related products.
The company also offers ASIC design service; ASIC mass production service; IP turnkey service; APR layout turnkey service; gate array turnkey service; foundry turnkey service; cyberShuttle/MPW/prototype service; TSMC CoWoS turnkey service; and TSMC InFO services.
Progate Group Corporation was founded in 1980 and is based in Taipei, Taiwan.
Stock analysis
Progate Group Corporation (8227) currently trades at 246.00 TWD, while our model-based Fair Value estimate is 26.67 TWD, 89.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 104.02 TWD per share, and 0 of the 17 models we run sit above the 246.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 19.67 TWD, and 17 of the 17 models stay below the price. Data coverage for this calculation is low.
Scenario range: 23.76 TWD (bear) to 31.98 TWD (bull), the price of 246.00 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 47/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Progate Group Corporation reported revenue of 1.3B TWD in FY2025 versus 560M TWD in FY2021, a compound +24.6%/yr. Reported net income was 81.4M TWD in FY2025, compounding +8.8%/yr from FY2021.
Key figures
Market cap 9.7B TWD (≈ $300M) Micro · P/E ratio 47.9 · P/S ratio 5.23 · EPS (TTM) 5.14 TWD · Dividend yield 0.7% · Net margin 11.0% · Return on equity 18.0% · Return on assets (EBIT) 9.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 118% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −6% fair-value upside, at −89%, 8227 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (19.67 TWD to 172.83 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear23.76 TWDFair Value 26.67 TWDBull31.98 TWD
Price 246.00 TWD · Upside -89.2%
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 (2.84 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+97.8%
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.
+13.0%
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.
+29.1%
Start year 2020 (pandemic)
Revenue growth 6 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.
+23.7%
’19
’20
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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.
+10.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.4%
Dividend (yield on the price)0.7%
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.−9% → 8%
Compare Progate Group Corporation 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.Semiconductors · 353 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−89.2% · Bottom 25%
Profitability
Return on equity (12 months)18.0% · Top 25%
Return on assets4.5% · Above median
Net margin (12 months)11.0% · Above median
Operating margin (12 months)7.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)121.7% · Top 25%
Dividend yield (12 months)0.7% · Below median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)47.9× · Pricier than median
P/B8.54× · Priciest 25%
P/S (12 months)5.23× · Pricier than median
EV/EBITDA63.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 98
PAST (return on equity)72· sector 29
HEALTH (low debt)0· sector 95
DIVIDEND (yield)14· sector 18
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). "Progate Group Corporation Fair Value". https://www.fairvalue-calculator.com/stock/8227
Frequently asked questions
Is Progate Group Corporation (8227) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of 26.67 TWD versus a price of 246.00 TWD, about −89% upside (overvalued).
What is the fair value of 8227?
Our model-based fair value for Progate Group Corporation is 26.67 TWD (as of Oct 28, 2026), built from audited fundamentals. The current price: 246.00 TWD.
What is the quality score of 8227?
Progate Group Corporation has a Quality Score of 47/100. 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 Progate Group Corporation (8227)?
Our model-based price target is the fair value of 26.67 TWD (as of Oct 28, 2026) from 17 valuation models. Cautious scenario 23.76 TWD, optimistic scenario 31.98 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Progate Group Corporation stock forecast for 2026?
Our models put fair value at 26.67 TWD, about −89% upside versus a price of 246.00 TWD (overvalued). Cautious scenario 23.76 TWD, optimistic scenario 31.98 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Progate Group Corporation (8227)?
Progate Group Corporation reported trailing-twelve-month revenue of about 1.9B TWD (latest available figure, as of Oct 28, 2026).
Does Progate Group Corporation pay a dividend?
Progate Group Corporation currently shows a dividend yield of 0.69% relative to its recent price (as of Oct 28, 2026).
What is the intrinsic value of Progate Group Corporation (8227)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Progate Group Corporation it is 26.67 TWD per share (as of Oct 28, 2026), against a price of 246.00 TWD. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Progate Group Corporation stock overvalued or undervalued in 2026?
As of Oct 28, 2026, 8227 trades above its calculated fair value: price 246.00 TWD, fair value 26.67 TWD, a gap of about −89% (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 8227?
No. The price is what the market pays today (246.00 TWD); the fair value is what the company's own numbers justify (26.67 TWD). For Progate Group Corporation the two are 219.33 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Progate Group Corporation worth?
The market values Progate Group Corporation at about 9.7B TWD (market capitalisation, as of Oct 28, 2026). Per share that is 246.00 TWD; our models calculate a fair value of 26.67 TWD per share.
What do the bullish and bearish scenarios say about 8227?
Our models span a range for Progate Group Corporation: cautious scenario 23.76 TWD, base 26.67 TWD, optimistic 31.98 TWD per share (as of Oct 28, 2026, price 246.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8227?
Progate Group Corporation trades at a price-to-earnings ratio of 47.9 (as of Oct 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 26.67 TWD is built from several models across several years. Other multiples: P/B 8.5, P/S 5.2, EV/EBITDA 63.9.
How solid is the balance sheet of Progate Group Corporation (8227)?
Balance-sheet figures for Progate Group Corporation (as of Oct 28, 2026): return on equity 18.0%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 8227 from its 52-week high?
Progate Group Corporation trades at 246.00 TWD, about 34% below its 52-week high of 372.00 TWD and 118% above the low of 112.97 TWD (as of Oct 27, 2026). Distance from the high says nothing about value: that is what the fair value of 26.67 TWD is for.
Which stocks are comparable to Progate Group Corporation?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, 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 Progate Group Corporation stock attractive at the current price?
The data as of Oct 28, 2026: price 246.00 TWD, calculated fair value 26.67 TWD (−89%), Quality Score 47/100, from 17 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 8227 calculated?
We run Progate Group Corporation through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 26.67 TWD, 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 13.2 % above its aggregate fair value. Progate Group Corporation 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 Progate Group Corporation (8227)?
The closing price on Oct 27, 2026 was 246.00 TWD. Our model-based fair value is 26.67 TWD, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Progate Group Corporation right now?
The price sits above even our optimistic bull case (31.98 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Progate Group Corporation
How large is the market capitalisation of Progate Group Corporation (8227)?
The market capitalisation of Progate Group Corporation is 9.7B TWD (≈ $300M). 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 Progate Group Corporation (8227)?
The price-to-sales ratio of Progate Group Corporation is 5.23 (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 Progate Group Corporation (8227)?
Earnings per share at Progate Group Corporation are 5.14 TWD (price ÷ EPS = P/E 47.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Progate Group Corporation (8227)?
The dividend yield of Progate Group Corporation is 0.7% (payout 33.1%). 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 Progate Group Corporation (8227)?
The net margin of Progate Group Corporation is 11.0% (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 Progate Group Corporation (8227)?
The return on equity (ROE) of Progate Group Corporation is 18.0% (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 Progate Group Corporation (8227)?
On an EBIT basis the return on assets of Progate Group Corporation is 9.8% (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 Progate Group Corporation (8227)?
The operating margin of Progate Group Corporation is 7.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Progate Group Corporation (8227)?
Revenue at Progate Group Corporation is growing +122% versus a year earlier (3y avg +13.0%). 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 Progate Group Corporation (8227)?
Earnings per share at Progate Group Corporation are growing +232% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Progate Group Corporation (8227) generate?
The free cash flow of Progate Group Corporation is −10.0M 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 Progate Group Corporation (8227) hold?
Progate Group Corporation holds more cash than debt, 564M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 28, 2026