United Microelectronics vs Nvidia: Fair Value & Quality
Both stocks run through our valuation models. Here is how United Microelectronics (2303) and Nvidia (NVDA) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees United Microelectronics as the less overvalued of the two: United Microelectronics trades at TWD 121 versus a fair value of TWD 74.41 (-39%), while Nvidia trades at $225 versus $98.98 (-56%).
United Microelectronics
2303.TW · TWD · Information Technology
-39%
upside to fair value
overvalued
PriceTWD 121
Fair ValueTWD 74.41
Quality63/100
Nvidia
NVDA · USD · Information Technology
-56%
upside to fair value
overvalued
Price$225
Fair Value$98.98
Quality74/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
United MicroelectronicsNvidia
Valuation
36.5×P/E (TTM)33.8×
7.51×P/S (TTM)20.16×
4.76×P/B32.48×
16.7×EV/EBITDA30.9×
1.89×PEG0.65×
1.6%Dividend yield0.0%
TWD 2.60Dividend per share$0.04
Profitability
21%Net margin63%
18%Operating margin66%
13%Return on equity114%
5%Return on assets53%
Growth
6%Revenue growth (YoY)85%
-5.2%Avg. growth/yr (3Y)100.0%
6.1%Avg. growth/yr (5Y)66.9%
Balance & size
0.12×Debt / equity0.05×
$56BMarket cap$5.1T
expensiveGrowth qualityhealthy
Nvidia leads: 4 to 10 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
United Microelectronicsof which business quality 65 · market factors 65Nvidiaof which business quality 74 · market factors 50
ProfitabilityMargins and returns on capital today
43
96
Quality GrowthAre margins and returns improving?
35
34
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
52
32
Low VolatilityCalm price path (market factor)
9
26
MomentumPrice trend over the last 3–12 months (market factor)
94
54
52W MomentumDistance to the 52-week high (market factor)
79
72
Net IssuanceBuybacks instead of dilution
75
91
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
United Microelectronics
DCF ModelsTWD 81.79
Earnings-BasedTWD 36.94
Dividend DiscountTWD 48.01
MultiplesTWD 71.00
Asset-BasedTWD 20.28
Growth DCFTWD 66.61
Economic ProfitTWD 35.65
Growth EarningsTWD 75.41
23 of 25 models see the stock below the current price.
Nvidia
DCF Models$157
Earnings-Based$148
Dividend Discount$0.77
Multiples$74.09
Asset-Based$4.35
Growth DCF$108
Economic Profit$106
Growth Earnings$204
23 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
United Microelectronics
Bear TWD 51.20Fair Value TWD 74.41Bull TWD 101
TWD 121 = current price (white tick)
Nvidia
Bear $64.72Fair Value $98.98Bull $234
$225 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
United Microelectronics · Information Technology
Quality score63 · above median
Fair value upside-39% · below median
Nvidia · Information Technology
Quality score74 · Top 25%
Fair value upside-56% · below median
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees United Microelectronics as the less overvalued of the two: United Microelectronics trades at TWD 121 versus a fair value of TWD 74.41 (-39%), while Nvidia trades at $225 versus $98.98 (-56%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
