Perfect Corp. (PERF) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of Perfect Corp. stock $3.06, price $9.90, upside -69.1%, quality 69 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?Yes
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
Technology · US · Based in Taiwan · ISIN KYG7006A1094
PCSome dataOct 25, 2026
Perfect Corp.
PERF · US
Stretched ValuationQuality growthStrong overvaluation with only moderate quality.
Our calculation puts a fair price 69% below what the stock costs today.
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, dashed = 300-day average. As of Oct 25, 2026.
How to read this chart
60‑month range $1.30 – $11.00 · fair‑value band $3.00 – $3.62 · the $9.90 price screens above the $3.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 25, 2026.
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Perfect Corp., an artificial intelligence software as a service company, provides artificial intelligence (AI)- and augmented reality (AR)-powered solutions for beauty, fashion, and skincare industries worldwide.
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The company offers AI- and AR-makeup; AI skin diagnosis; AI- and AR-hair services; AI- and AR-jewelry (earrings, rings, and bracelets); AI- and AR-accessories, glasses, and watches; AI- and AR-nails; AI avatar; AI selfie; AI text-to-image; and AI headshot and AI studio.
It provides AI photo editing tools, such as AI remove background, AI blur background, AI object removal, AI image extender, AI replacement, and AI photo/video enhancement; and AI face attributes and AI product recommendation.
In addition, the company offers YouCam platform apps, including YouCam makeup, YouCam perfect, YouCam video, YouCam AI Pro, YouCam enhance, YouCam nails, and YouCam AI Chat.
Further, the company provides licensing offline technology software development kit (SDK) and AR/AI offline solutions; AR/AI cloud solutions and subscription; and designs and develops apps to brand customers. It serves brand owners and individual consumers.
The company was founded in 2015 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Perfect Corp. (PERF) currently trades at $9.90, while our model-based Fair Value estimate is $3.06, 69.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $2.78 per share, and 1 of the 24 models we run sit above the $9.90 price.
Bear case: the Earnings-Based group reads lowest at $0.5800, and 23 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $3.00 (bear) to $3.62 (bull), the price of $9.90 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 69/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Perfect Corp. reported revenue of $69.2M in FY2025 versus $40.8M in FY2021, a compound +14.1%/yr. Reported net income was $4.6M in FY2025.
Key figures
Market cap $195M · P/E ratio 31.8 · P/S ratio 2.75 · EPS (TTM) $0.0600 · Net margin 8.1% · Return on equity 3.8% · Return on assets (EBIT) −8.9% · Operating margin −0.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 662% above its 52-week low.
For context, the median of 10 Technology peers we cover trades at 9% fair-value upside, at −69%, PERF screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($0.5800 to $10.49). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear$3.00Fair Value $3.06Bull$3.62
Price $9.90 · Upside -69.1%
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 ($0.0492 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.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+14.9%
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.
+13.5%
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.
+18.3%
Start year 2020 (pandemic). Over 10 years: −18.6% a year
Revenue growth 17 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.
−3.0%
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What shareholders gained per year (last 3 years) ⓘ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.
+2.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.9%
Dividend (yield on the price)0.0%
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.−10% → 0%
⚠ Revenue per share shrinking 17.2%/yr over ~11Y (margin trend unclear) ⓘ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.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+36.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +33.0% a year for the price and +6.0% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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.Software - Application · 637 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside−69.1% · Bottom 25%
Profitability
Return on equity (12 months)3.8% · Below median
Return on assets2.4% · Above median
Net margin (12 months)8.1% · Above median
Operating margin (12 months)−0.7% · Below median
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/E (12 months)31.8× · Pricier than median
PEG1.16× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 30
FUTURE (revenue growth)0· sector 41
PAST (return on equity)15· sector 19
HEALTH (low debt)0· sector 97
DIVIDEND (yield)0· sector 30
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). "Perfect Corp. Fair Value". https://www.fairvalue-calculator.com/stock/PERF.US
Frequently asked questions
Is Perfect Corp. (PERF) overvalued or undervalued?
As of Oct 25, 2026, our model estimates a fair value of $3.06 versus a price of $9.90, about −69% upside (overvalued).
What is the fair value of PERF?
Our model-based fair value for Perfect Corp. is $3.06 (as of Oct 25, 2026), built from audited fundamentals. The current price: $9.90.
What is the quality score of PERF?
Perfect Corp. has a Quality Score of 69/100. 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 Perfect Corp. (PERF)?
Our model-based price target is the fair value of $3.06 (as of Oct 25, 2026) from 24 valuation models. Cautious scenario $3.00, optimistic scenario $3.62. It is a calculation from audited fundamentals, not an analyst target.
What is the Perfect Corp. stock forecast for 2026?
Our models put fair value at $3.06, about −69% upside versus a price of $9.90 (overvalued). Cautious scenario $3.00, optimistic scenario $3.62. The calculation is refreshed regularly with new filings.
What is the revenue of Perfect Corp. (PERF)?
Perfect Corp. reported trailing-twelve-month revenue of about $71.1M (latest available figure, as of Oct 25, 2026).
What growth is priced into Perfect Corp. (PERF)?
For today's price to be fair in a discounted-cash-flow model, Perfect Corp. would have to grow free cash flow by +36.2 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.3 % per year. As of Oct 25, 2026.
What discount rate (WACC) does the fair value of PERF use?
Our models discount Perfect Corp. at 11.2 %: a base by market capitalisation (micro), damped by beta 0.28, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Perfect Corp. that is +36.2 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Perfect Corp. (PERF) delivered so far?
Over the past 5 years revenue at Perfect Corp. grew +18.3 % a year. The price currently implies +36.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Perfect Corp. (PERF) growing?
The median revenue growth in the sector is +10.8 % a year. That is the yardstick for the growth priced into Perfect Corp. (+36.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Perfect Corp. (PERF)?
The free-cash-flow yield on the price is 1.32 %: that much free cash flow Perfect Corp. produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Perfect Corp. (PERF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Perfect Corp. it is $3.06 per share (as of Oct 25, 2026), against a price of $9.90. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Perfect Corp. stock overvalued or undervalued in 2026?
As of Oct 25, 2026, PERF trades above its calculated fair value: price $9.90, fair value $3.06, a gap of about −69% (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 PERF?
No. The price is what the market pays today ($9.90); the fair value is what the company's own numbers justify ($3.06). For Perfect Corp. the two are $6.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is Perfect Corp. worth?
The market values Perfect Corp. at about $195M (market capitalisation, as of Oct 25, 2026). Per share that is $9.90; our models calculate a fair value of $3.06 per share.
What do the bullish and bearish scenarios say about PERF?
Our models span a range for Perfect Corp.: cautious scenario $3.00, base $3.06, optimistic $3.62 per share (as of Oct 25, 2026, price $9.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PERF?
Perfect Corp. trades at a price-to-earnings ratio of 31.8 (as of Oct 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $3.06 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 123.8 (reported for FY2025: 198.0). Other multiples: PEG 1.2.
What is the PEG ratio of PERF?
The PEG ratio of Perfect Corp. is 1.16 (P/E divided by earnings growth, as of Oct 25, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Perfect Corp. (PERF)?
Balance-sheet figures for Perfect Corp. (as of Oct 25, 2026): return on equity 3.8%. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is PERF from its 52-week high?
Perfect Corp. trades at $9.90, about 4% below its 52-week high of $10.30 and 662% above the low of $1.30 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of $3.06 is for.
Which stocks are comparable to Perfect Corp.?
From the same area (Technology) we also value SAP SE, Shopify Inc, Salesforce, Inc, ServiceNow, 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 Perfect Corp. stock attractive at the current price?
The data as of Oct 25, 2026: price $9.90, calculated fair value $3.06 (−69%), Quality Score 69/100, from 24 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 PERF calculated?
We run Perfect Corp. through 24 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 $3.06, 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 12.5 % above its aggregate fair value. Perfect Corp. 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 Perfect Corp. (PERF)?
The closing price on Oct 23, 2026 was $9.90. Our model-based fair value is $3.06, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Perfect Corp. right now?
The price sits above even our optimistic bull case ($3.62). The favourable scenario is already priced in. Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Perfect Corp.
How large is the market capitalisation of Perfect Corp. (PERF)?
The market capitalisation of Perfect Corp. is $195M. 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 Perfect Corp. (PERF)?
The price-to-sales ratio of Perfect Corp. is 2.75 (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 Perfect Corp. (PERF)?
Earnings per share at Perfect Corp. are $0.0600 (price ÷ EPS = P/E 31.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Perfect Corp. (PERF)?
The net margin of Perfect Corp. is 8.1% (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 Perfect Corp. (PERF)?
The return on equity (ROE) of Perfect Corp. is 3.8% (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 Perfect Corp. (PERF)?
On an EBIT basis the return on assets of Perfect Corp. is −8.9% (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 Perfect Corp. (PERF)?
The operating margin of Perfect Corp. is −0.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast are earnings growing at Perfect Corp. (PERF)?
Earnings per share at Perfect Corp. are growing +550% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Perfect Corp. (PERF) hold?
Perfect Corp. holds more cash than debt, $125M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Oct 25, 2026