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Taiwan Television Enterprise Co.Ltd. (8329) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Taiwan Television Enterprise Co.Ltd. TWD 12.97, price TWD 10.50, upside +23.5%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Communication Services · TW

TT Thin data Sep 24, 2026

Taiwan Television Enterprise Co.Ltd.

8329 · TWO

SpeculativeUpside exists, but weak quality makes the signal speculative.

✓Fair value 12.97 TWD · Undervalued (+24%)
!Quality 48/100
!Weak Growth (revenue 5y −1.8 %/yr)
✓Highly profitable · 38.8% net margin (TTM)
!negative free cash flow
·7.14% dividend yield
!Mixed vs. peers (6/11)
!Narrow moat 36/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

12.75 TWD 5.91 TWD Fair Value 12.97 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 5.91 TWD – 12.75 TWD · fair‑value band 12.00 TWD – 16.17 TWD · the 10.50 TWD price screens below the 12.97 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Taiwan Television Enterprise Co.,Ltd. operates as a television company in Taiwan. The company engages in the production, broadcasting, and distribution of various television programs and advertisements, as well as video programs, records and audio tapes, etc. It is also involved in the publishing, distribution, and sale of books and magazines.

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Taiwan Television Enterprise Co.,Ltd. operates as a television company in Taiwan. The company engages in the production, broadcasting, and distribution of various television programs and advertisements, as well as video programs, records and audio tapes, etc. It is also involved in the publishing, distribution, and sale of books and magazines. In addition, the company offers cultural and artistic services; and performing arts activities. Taiwan Television Enterprise Co.,Ltd. was founded in 1962 and is based in Taipei, Taiwan.

Stock analysis

Taiwan Television Enterprise Co.Ltd. (8329) currently trades at 10.50 TWD, while our model-based Fair Value estimate is 12.97 TWD, implying the stock looks roughly 19.0% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 21.57 TWD per share, and 13 of the 15 models we run sit above the 10.50 TWD price.

Bear case: the Dividend Discount group reads lowest at 5.58 TWD, and 2 of the 15 models stay below the price. Evidence for this calculation is low.

Scenario range: 12.00 TWD (bear) to 16.17 TWD (bull), the price of 10.50 TWD sits below 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 Communication Services sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Taiwan Television Enterprise Co.Ltd. reported revenue of 960M TWD in FY2025 versus 1.1B TWD in FY2021, a compound −3.8%/yr. Reported net income was 364M TWD in FY2025, compounding +48.8%/yr from FY2021.

Key figures

Market cap 2.9B TWD (≈ $92.5M) · P/E ratio 7.7 · P/S ratio 2.91 · EPS (TTM) 1.37 TWD · Dividend yield 7.1% · Net margin 37.9% · Return on equity 9.3% · Return on assets (EBIT) 6.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 4% below its 52-week high and 14% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Communication Services peers we cover trades at 43% fair-value upside, at 24%, 8329 screens richer than that median.

Fair Value models

Bear 12.00 TWD Fair Value 12.97 TWD Bull 16.17 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.4535 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. Evidence ⓘEvidence = 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.
Highest evidence
Residual Income 12.27 TWD 12.73 TWD 12.77 TWD 76
Owner Earnings 12.32 TWD 14.86 TWD 18.93 TWD 75
EPV 11.73 TWD 12.83 TWD 13.72 TWD 70
All 15 models by family
DCF Models
Owner Earnings 12.32 TWD 14.86 TWD 18.93 TWD 75
Earnings-Based
Graham-Dodd 8.83 TWD 10.79 TWD 12.14 TWD 67
EPV 11.73 TWD 12.83 TWD 13.72 TWD 70
Dividend Discount
Gordon GGM 5.22 TWD 5.58 TWD 6.11 TWD 69
DDM Multi-Stage 5.22 TWD 6.05 TWD 7.07 TWD 67
Multiples
P/E Multiple 21.42 TWD 28.56 TWD 35.70 TWD 63
P/S Multiple 8.99 TWD 11.98 TWD 14.98 TWD 58
P/B Multiple 16.55 TWD 22.07 TWD 27.59 TWD 55
EV/EBIT 19.68 TWD 25.39 TWD 31.09 TWD 63
EV/EBITDA 16.75 TWD 21.48 TWD 26.21 TWD 64
EV/Revenue 9.75 TWD 12.83 TWD 15.91 TWD 52
Asset-Based
NCAV (Graham) 8.12 TWD 10.89 TWD 16.25 TWD 51
Economic Profit
Residual Income 12.27 TWD 12.73 TWD 12.77 TWD 76
ROIC Compounder 11.73 TWD 12.83 TWD 13.72 TWD 70
Growth Earnings
Growth-Adj P/E 15.10 TWD 21.57 TWD 28.04 TWD 67

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Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 61

Profitability 38
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 19/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−14.6%
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.
−9.0%
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.
−1.8%
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.
−3.6%
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.
≈ +43.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+36.1%
Dividend (yield on the price)7.1%
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.−2% → 42%
⚠ Approximate: the rate leans on 2025, which sits 518% above its own trend.

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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.Broadcasting · 70 stocks

Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 48 · Below median
Fair Value upside +24% · Below median
Profitability
Return on equity (TTM) 9% · Top 25%
Return on assets −2% · Bottom 25%
Net margin (TTM) 39% · Top 25%
Operating margin (TTM) −25% · Bottom 25%
Growth and dividend
Revenue growth 7% · Above median
Dividend yield (TTM) 7.1% · Above median

Valuation Multiplesvs Broadcasting median · lower = cheaper

P/E (TTM) 7.7× · Cheapest 25%
P/B 0.65× · Cheaper than median
P/S (TTM) 2.97× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)65 · sector 67
FUTURE (revenue growth)34 · sector 0
PAST (return on equity)37 · sector 5
HEALTH (low debt)0 · sector 94
DIVIDEND (yield)100 · sector 94

Context: sector, industry, market

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

Similar stocks

10 more Broadcasting stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Nexstar Media Group NXST $167.53 $184.28 +10%
SES S.A SESG €4.78 €10.23 +114%
MFE-Mediaforeurope N.V MFEA €2.32 €5.62 +142%
Jiangsu Broadcasting Cable Information Network Corporation 600959 ¥3.09 ¥1.72 −44%
Sun TV Network Limited SUNTV ₹490.20 ₹586.58 +20%
MBC Group 4072 18.66 SAR 8.97 SAR −52%
PT Elang Mahkota Teknologi Tbk, through its subsidiaries, EMTK 446.00 IDR 843.40 IDR +89%
Métropole Télévision S.A MMT €11.20 €16.02 +43%
TF1 SA TFI €6.48 €12.07 +86%
Beijing Gehua Catv Network Co 600037 ¥7.07 ¥3.63 −49%

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Frequently asked questions

Is Taiwan Television Enterprise Co.Ltd. (8329) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 12.97 TWD versus a price of 10.50 TWD, about +24% upside (undervalued).
What is the fair value of 8329?
Our model-based fair value for Taiwan Television Enterprise Co.Ltd. is 12.97 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 10.50 TWD.
What is the quality score of 8329?
Taiwan Television Enterprise 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 Television Enterprise Co.Ltd. (8329)?
Our model-based price target is the fair value of 12.97 TWD (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 12.00 TWD, optimistic scenario 16.17 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Taiwan Television Enterprise Co.Ltd. stock forecast for 2026?
Our models put fair value at 12.97 TWD, about +24% upside versus a price of 10.50 TWD (undervalued). Cautious scenario 12.00 TWD, optimistic scenario 16.17 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Taiwan Television Enterprise Co.Ltd. (8329)?
Taiwan Television Enterprise Co.Ltd. reported trailing-twelve-month revenue of about 993M TWD (latest available figure, as of Sep 24, 2026).
Does Taiwan Television Enterprise Co.Ltd. pay a dividend?
Taiwan Television Enterprise Co.Ltd. currently shows a dividend yield of about 7.14% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Taiwan Television Enterprise Co.Ltd. (8329)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Taiwan Television Enterprise Co.Ltd. it is 12.97 TWD per share (as of Sep 24, 2026), against a price of 10.50 TWD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Taiwan Television Enterprise Co.Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 8329 trades below its calculated fair value: price 10.50 TWD, fair value 12.97 TWD, a gap of about +24% (undervalued). 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 8329?
No. The price is what the market pays today (10.50 TWD); the fair value is what the company's own numbers justify (12.97 TWD). For Taiwan Television Enterprise Co.Ltd. the two are 2.47 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Taiwan Television Enterprise Co.Ltd. worth?
The market values Taiwan Television Enterprise Co.Ltd. at about 2.9B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 10.50 TWD; our models calculate a fair value of 12.97 TWD per share.
What do the bullish and bearish scenarios say about 8329?
Our models span a range for Taiwan Television Enterprise Co.Ltd.: cautious scenario 12.00 TWD, base 12.97 TWD, optimistic 16.17 TWD per share (as of Sep 24, 2026, price 10.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8329?
Taiwan Television Enterprise Co.Ltd. trades at a price-to-earnings ratio of 7.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 12.97 TWD is built from several models across several years. Other multiples: P/B 0.7, P/S 3.0.
How solid is the balance sheet of Taiwan Television Enterprise Co.Ltd. (8329)?
Balance-sheet figures for Taiwan Television Enterprise Co.Ltd. (as of Sep 24, 2026): return on equity 9.3%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 8329 from its 52-week high?
Taiwan Television Enterprise Co.Ltd. trades at 10.50 TWD, about 4% below its 52-week high of 10.95 TWD and 14% above the low of 9.18 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 12.97 TWD is for.
Which stocks are comparable to Taiwan Television Enterprise Co.Ltd.?
From the same area (Communication Services) we also value Nexstar Media Group, SES S.A, MFE-Mediaforeurope N.V, Jiangsu Broadcasting Cable Information Network Corporation, 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 Television Enterprise Co.Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 10.50 TWD, calculated fair value 12.97 TWD (+24%), 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 8329 calculated?
We run Taiwan Television Enterprise Co.Ltd. through 15 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 12.97 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 13.0 % above its aggregate fair value. Taiwan Television Enterprise Co.Ltd. currently trades 24 % 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 Television Enterprise Co.Ltd. (8329)?
The closing price on Sep 24, 2026 was 10.50 TWD. Our model-based fair value is 12.97 TWD, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Taiwan Television Enterprise Co.Ltd. right now?
The price is below even our cautious bear case (12.00 TWD). The market is more pessimistic than our downside scenario. Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Taiwan Television Enterprise Co.Ltd.

How large is the market capitalisation of Taiwan Television Enterprise Co.Ltd. (8329)?
The market capitalisation of Taiwan Television Enterprise Co.Ltd. is 2.9B TWD (≈ $92.5M). 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 Television Enterprise Co.Ltd. (8329)?
The price-to-sales ratio of Taiwan Television Enterprise Co.Ltd. is 2.91 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Taiwan Television Enterprise Co.Ltd. (8329)?
Earnings per share at Taiwan Television Enterprise Co.Ltd. are 1.37 TWD (price ÷ EPS = P/E 7.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Taiwan Television Enterprise Co.Ltd. (8329)?
The dividend yield of Taiwan Television Enterprise Co.Ltd. is 7.1% (payout 54.7%). 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 Taiwan Television Enterprise Co.Ltd. (8329)?
The net margin of Taiwan Television Enterprise Co.Ltd. is 37.9% (fiscal year 2025). 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 Television Enterprise Co.Ltd. (8329)?
The return on equity (ROE) of Taiwan Television Enterprise Co.Ltd. is 9.3% (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 Television Enterprise Co.Ltd. (8329)?
On an EBIT basis the return on assets of Taiwan Television Enterprise Co.Ltd. is 6.5% (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 Television Enterprise Co.Ltd. (8329)?
The operating margin of Taiwan Television Enterprise Co.Ltd. is −25.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Taiwan Television Enterprise Co.Ltd. (8329)?
Revenue at Taiwan Television Enterprise Co.Ltd. is growing +6.7% versus a year earlier (3y avg −9.0%). 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 Taiwan Television Enterprise Co.Ltd. (8329)?
Earnings per share at Taiwan Television Enterprise Co.Ltd. are growing −58.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Taiwan Television Enterprise Co.Ltd. (8329) generate?
The free cash flow of Taiwan Television Enterprise Co.Ltd. is −162M 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 Television Enterprise Co.Ltd. (8329) hold?
Taiwan Television Enterprise Co.Ltd. holds more cash than debt, 451M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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