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Taiwan Environment Scientific Co., Ltd. (8476) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Taiwan Environment Scientific Co., Ltd. TWD 6.34, price TWD 19.50, upside -67.5%, quality 18 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Industrials · TW

TE Thin data Sep 24, 2026

Taiwan Environment Scientific Co., Ltd.

8476 · TW

Weakest SetupStrongly overvalued and low quality.

!Fair value 6.34 TWD · Strongly overvalued (−67%)
!Quality 18/100
!Weak Growth (revenue 5y +18.2 %/yr)
!Thin margins · 5.1% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (3/13)
!Narrow moat 28/100
!Evidence only low, so the estimate is less certain
!Weak on past: 14 out of 100
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What runs behind every stock

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

Price vs Fair Value

63.15 TWD 15.02 TWD Fair Value 6.34 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 15.02 TWD – 63.15 TWD · fair‑value band 5.37 TWD – 7.27 TWD · the 19.50 TWD price screens above the 6.34 TWD fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Taiwan Environment Scientific Co., Ltd., together with its subsidiaries, engages in environmental protection project, soil and groundwater investigation and remediation projects, and construction waste treatment businesses in Taiwan. It operates through three segments: Project, Land Resource, and Other.

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Taiwan Environment Scientific Co., Ltd., together with its subsidiaries, engages in environmental protection project, soil and groundwater investigation and remediation projects, and construction waste treatment businesses in Taiwan. It operates through three segments: Project, Land Resource, and Other. The company manages land resources and waste disposal; and provides consultation, and remediation and investigation services. It is also involved in the disposal of incinerator bottom ash; bioremediation of contaminated soil; and provision of technical services. Taiwan Environment Scientific Co., Ltd. was founded in 2003 and is headquartered in Kaohsiung, Taiwan.

Stock analysis

Taiwan Environment Scientific Co., Ltd. (8476) currently trades at 19.50 TWD, while our model-based Fair Value estimate is 6.34 TWD, implying the stock looks roughly 207.5% overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of 12.56 TWD per share, and 0 of the 17 models we run sit above the 19.50 TWD price.

Bear case: the Economic Profit group reads lowest at 4.65 TWD, and 17 of the 17 models stay below the price. Evidence for this calculation is low.

Scenario range: 5.37 TWD (bear) to 7.27 TWD (bull), the price of 19.50 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 18/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Taiwan Environment Scientific Co., Ltd. reported revenue of 1.2B TWD in FY2025 versus 795M TWD in FY2021, a compound +11.2%/yr. Reported net income was 84.9M TWD in FY2025.

Key figures

Market cap 4.0B TWD (≈ $124M) · P/E ratio 37.5 · P/S ratio 2.62 · EPS (TTM) 0.5200 TWD · Dividend yield 4.2% · Net margin 7.0% · Return on equity 3.6% · Return on assets (EBIT) 10.0%.

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 21% below its 52-week high and 30% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at −67%, 8476 screens richer than that median.

Fair Value models

Bear 5.37 TWD Fair Value 6.34 TWD Bull 7.27 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 (0.3804 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
Owner Earnings 8.51 TWD 12.56 TWD 18.09 TWD 74
EPV 4.21 TWD 4.65 TWD 5.00 TWD 74
Residual Income 7.75 TWD 7.67 TWD 6.54 TWD 74
All 17 models by family
DCF Models
Owner Earnings 8.51 TWD 12.56 TWD 18.09 TWD 74
Earnings-Based
Graham-Dodd 3.58 TWD 14.51 TWD 19.75 TWD 62
Lynch FV 3.63 TWD 5.18 TWD 6.74 TWD 59
PEG = 1.0 3.63 TWD 5.18 TWD 6.74 TWD 55
EPV 4.21 TWD 4.65 TWD 5.00 TWD 74
Dividend Discount
Gordon GGM 7.18 TWD 12.02 TWD 15.61 TWD 66
DDM Multi-Stage 7.18 TWD 11.41 TWD 12.94 TWD 65
Multiples
P/E Multiple 8.29 TWD 11.05 TWD 13.82 TWD 63
P/S Multiple 6.71 TWD 8.95 TWD 11.18 TWD 58
P/B Multiple 6.71 TWD 8.95 TWD 11.18 TWD 55
EV/EBIT 8.99 TWD 11.79 TWD 14.60 TWD 66
EV/EBITDA 10.50 TWD 13.82 TWD 17.13 TWD 67
EV/Revenue 6.58 TWD 9.15 TWD 11.73 TWD 54
Asset-Based
NCAV (Graham) 5.58 TWD 7.48 TWD 11.17 TWD 54
Economic Profit
Residual Income 7.75 TWD 7.67 TWD 6.54 TWD 74
ROIC Compounder 4.21 TWD 4.65 TWD 5.00 TWD 70
Growth Earnings
Growth-Adj P/E 6.32 TWD 9.03 TWD 11.73 TWD 65

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Quality Score breakdown

Overall quality 18/100

Of which business quality 21 · Market factors (momentum, volatility) 45

Profitability 23
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 0
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. 40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−20.2%
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.
−24.2%
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.
+18.2%
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.
+17.1%
What shareholders gained per year (last 3 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 3 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.
−51.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−55.3%
Dividend (yield on the price)4.2%
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.−8% → 9%

8476 screens 208% overvalued. Compare with Waste Management, Inc →

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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.Waste Management · 168 stocks

Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 18 · Bottom 25%
Fair Value upside −68% · Bottom 25%
Profitability
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 2% · Below median
Growth and dividend
Revenue growth 38% · Top 25%
Dividend yield (TTM) 4.2% · Above median
Balance sheet
Debt / equity 0.08× · Lowest 25%

Valuation Multiplesvs Waste Management median · lower = cheaper

P/E (TTM) 37.5× · Priciest 25%
P/B 2.20× · Pricier than median
P/S (TTM) 3.04× · Priciest 25%
EV/EBITDA 29.7× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 20
FUTURE (revenue growth)100 · sector 20
PAST (return on equity)14 · sector 26
HEALTH (low debt)96 · sector 81
DIVIDEND (yield)84 · sector 44

VALUE 0: the price sits above our fair-value range.

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 Waste Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $207.68 $228.45 +10%
Republic Services, Inc RSG $213.88 $128.02 −40%
Waste Connections, Inc WCN $155.42 $170.96 +10%
Veolia Environnement SA VIE €31.56 €24.17 −23%
Clean Harbors, Inc CLH $312.85 $155.37 −50%
GFL Environmental Inc GFL $42.34 $34.72 −18%
Fomento de Construcciones y Contratas, S.A FCC €10.72 €7.30 −32%
Umicore SA UMI €21.70 €25.28 +16%
Casella Waste Systems, Inc CWST $85.76 $14.75 −83%
GEM Co 002340 ¥6.26 ¥5.27 −16%

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Cite: Fair Value Calculator (2026). "Taiwan Environment Scientific Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/8476

Frequently asked questions

Is Taiwan Environment Scientific Co., Ltd. (8476) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6.34 TWD versus a price of 19.50 TWD, about −67% upside (overvalued).
What is the fair value of 8476?
Our model-based fair value for Taiwan Environment Scientific Co., Ltd. is 6.34 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 19.50 TWD.
What is the quality score of 8476?
Taiwan Environment Scientific Co., Ltd. has a Quality Score of 18/100. 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 Environment Scientific Co., Ltd. (8476)?
Our model-based price target is the fair value of 6.34 TWD (as of Sep 24, 2026) from 17 valuation models. Cautious scenario 5.37 TWD, optimistic scenario 7.27 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Taiwan Environment Scientific Co., Ltd. stock forecast for 2026?
Our models put fair value at 6.34 TWD, about −67% upside versus a price of 19.50 TWD (overvalued). Cautious scenario 5.37 TWD, optimistic scenario 7.27 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Taiwan Environment Scientific Co., Ltd. (8476)?
Taiwan Environment Scientific Co., Ltd. reported trailing-twelve-month revenue of about 1.3B TWD (latest available figure, as of Sep 24, 2026).
Does Taiwan Environment Scientific Co., Ltd. pay a dividend?
Taiwan Environment Scientific Co., Ltd. currently shows a dividend yield of about 4.20% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Taiwan Environment Scientific Co., Ltd. (8476)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Taiwan Environment Scientific Co., Ltd. it is 6.34 TWD per share (as of Sep 24, 2026), against a price of 19.50 TWD. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Taiwan Environment Scientific Co., Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 8476 trades above its calculated fair value: price 19.50 TWD, fair value 6.34 TWD, a gap of about −67% (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 8476?
No. The price is what the market pays today (19.50 TWD); the fair value is what the company's own numbers justify (6.34 TWD). For Taiwan Environment Scientific Co., Ltd. the two are 13.16 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Taiwan Environment Scientific Co., Ltd. worth?
The market values Taiwan Environment Scientific Co., Ltd. at about 4.0B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 19.50 TWD; our models calculate a fair value of 6.34 TWD per share.
What do the bullish and bearish scenarios say about 8476?
Our models span a range for Taiwan Environment Scientific Co., Ltd.: cautious scenario 5.37 TWD, base 6.34 TWD, optimistic 7.27 TWD per share (as of Sep 24, 2026, price 19.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8476?
Taiwan Environment Scientific Co., Ltd. trades at a price-to-earnings ratio of 37.5 (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 6.34 TWD is built from several models across several years. Other multiples: P/B 2.2, P/S 3.0, EV/EBITDA 29.7.
How solid is the balance sheet of Taiwan Environment Scientific Co., Ltd. (8476)?
Balance-sheet figures for Taiwan Environment Scientific Co., Ltd. (as of Sep 24, 2026): return on equity 3.6%, debt of 0.08 per unit of equity. They feed the Quality Score of 18/100, which measures business quality independently of the share price.
How far is 8476 from its 52-week high?
Taiwan Environment Scientific Co., Ltd. trades at 19.50 TWD, about 21% below its 52-week high of 24.55 TWD and 30% above the low of 15.02 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 6.34 TWD is for.
Which stocks are comparable to Taiwan Environment Scientific Co., Ltd.?
From the same area (Industrials) we also value Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc, Veolia Environnement SA, 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 Environment Scientific Co., Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 19.50 TWD, calculated fair value 6.34 TWD (−67%), Quality Score 18/100, 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 8476 calculated?
We run Taiwan Environment Scientific Co., Ltd. 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 6.34 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. Taiwan Environment Scientific 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 Taiwan Environment Scientific Co., Ltd. (8476)?
The closing price on Sep 24, 2026 was 19.50 TWD. Our model-based fair value is 6.34 TWD, about −67% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Taiwan Environment Scientific Co., Ltd. right now?
The price sits above even our optimistic bull case (7.27 TWD). The favourable scenario is already priced in. Weak quality (18/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Taiwan Environment Scientific Co., Ltd.

How large is the market capitalisation of Taiwan Environment Scientific Co., Ltd. (8476)?
The market capitalisation of Taiwan Environment Scientific Co., Ltd. is 4.0B TWD (≈ $124M). 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 Environment Scientific Co., Ltd. (8476)?
The price-to-sales ratio of Taiwan Environment Scientific Co., Ltd. is 2.62 (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 Environment Scientific Co., Ltd. (8476)?
Earnings per share at Taiwan Environment Scientific Co., Ltd. are 0.5200 TWD (price ÷ EPS = P/E 37.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Taiwan Environment Scientific Co., Ltd. (8476)?
The dividend yield of Taiwan Environment Scientific Co., Ltd. is 4.2% (payout 157%). 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 Environment Scientific Co., Ltd. (8476)?
The net margin of Taiwan Environment Scientific Co., Ltd. is 7.0% (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 Environment Scientific Co., Ltd. (8476)?
The return on equity (ROE) of Taiwan Environment Scientific Co., Ltd. is 3.6% (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 Taiwan Environment Scientific Co., Ltd. (8476)?
On an EBIT basis the return on assets of Taiwan Environment Scientific Co., Ltd. is 10.0% (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 Environment Scientific Co., Ltd. (8476)?
The operating margin of Taiwan Environment Scientific Co., Ltd. is 2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Taiwan Environment Scientific Co., Ltd. (8476)?
Revenue at Taiwan Environment Scientific Co., Ltd. is growing +38.1% versus a year earlier (3y avg −24.2%). 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 Environment Scientific Co., Ltd. (8476)?
Earnings per share at Taiwan Environment Scientific Co., Ltd. are growing −98.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Taiwan Environment Scientific Co., Ltd. (8476) generate?
The free cash flow of Taiwan Environment Scientific Co., Ltd. is −289M 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 debt does Taiwan Environment Scientific Co., Ltd. (8476) carry?
The net debt of Taiwan Environment Scientific Co., Ltd. is 1.7B TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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