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Advantech Co Ltd (2395) Fair Value & Analysis

Technology · TW · Market cap 463B TWD (≈ $14.6B) · ISIN TW0002395001

What is Advantech Co Ltd really worth?

AC Advantech Co Ltd 2395 · TW
Price711.00 TWD
Fair Value265.18 TWD
Upside−62.7%
Quality76/100

A strong business, but trading 168% above our fair value of 265.18 TWD.

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Strengths

Healthy Growth (revenue 5y +6.8 %/yr)
Solidly profitable · 15.1% net margin
Low debt · generates free cash flow
Wide moat 69/100

Risks

!Mixed vs. peers (8/15)
!Weak on dividend: 26 out of 100

For context

·1.29% dividend yield
Evidence: High Range 159.08 TWD – 341.83 TWD

Fair value as of: Aug 30, 2026

From 26 valuation models · updated 6 days ago

Share price +12.3% over the past month.

What runs behind every stock

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

What matters now

  • A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (341.83 TWD). The favourable scenario is already priced in.
  • A fairly wide model range (159.08 TWD to 341.83 TWD) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

711.00 TWD 245.41 TWD Fair Value 265.18 TWD Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range 245.41 TWD – 711.00 TWD · fair‑value band 159.08 TWD – 341.83 TWD · the 711.00 TWD price screens above the 265.18 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.

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Analysis

Advantech Co Ltd (2395) currently trades at 711.00 TWD, while our model-based Fair Value estimate is 265.18 TWD, implying the stock looks roughly 168.1% overvalued today. The Quality Score stands at 76/100 (high quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 242.59 TWD per share, and 0 of the 26 models we run sit above the 711.00 TWD price. Bear case: the Asset-Based group reads lowest at 42.40 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Advantech Co Ltd generated revenue of 73.9B TWD at a net margin of 15.1%. Revenue grew 17.5% year over year. It earns a return on equity of 22.9%. The balance sheet holds a net cash position of 9.3B TWD. Fundamentals as of Aug 30, 2026

Our scenario range runs from 159.08 TWD (bear case) to 341.83 TWD (bull case); at 711.00 TWD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 162% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −53% fair-value upside, at −63%, 2395 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 2.48 TWD per share, which is 0.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model 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
Highest evidence
FCF DCF best evidence 136.03 TWD 224.81 TWD 376.50 TWD 78
Growth DCF 137.09 TWD 224.19 TWD 374.24 TWD 76
Owner Earnings 144.68 TWD 239.71 TWD 402.05 TWD 74
All 26 models by family
DCF Models
FCF DCF best evidence 136.03 TWD 224.81 TWD 376.50 TWD 78
Owner Earnings 144.68 TWD 239.71 TWD 402.05 TWD 74
5Y Revenue Exit 132.47 TWD 215.78 TWD 325.69 TWD 72
5Y EBITDA Exit 174.87 TWD 299.09 TWD 450.21 TWD 74
5Y P/E Exit 210.35 TWD 368.80 TWD 543.75 TWD 70
10Y Revenue Exit 128.58 TWD 207.85 TWD 322.16 TWD 66
10Y EBITDA Exit 160.88 TWD 268.64 TWD 424.00 TWD 67
10Y P/E Exit 184.47 TWD 319.50 TWD 500.51 TWD 62
Earnings-Based
Graham-Dodd 82.96 TWD 320.88 TWD 435.07 TWD 64
Lynch FV 78.57 TWD 112.24 TWD 145.91 TWD 61
PEG = 1.0 78.57 TWD 112.24 TWD 145.91 TWD 57
EPV 120.87 TWD 139.93 TWD 156.87 TWD 74
Dividend Discount
Gordon GGM 80.37 TWD 175.45 TWD 295.21 TWD 65
DDM Multi-Stage 80.37 TWD 143.72 TWD 182.85 TWD 66
Multiples
P/E Multiple 256.20 TWD 341.59 TWD 426.99 TWD 63
P/S Multiple 155.55 TWD 207.40 TWD 259.25 TWD 58
P/B Multiple 155.55 TWD 207.40 TWD 259.25 TWD 55
EV/EBIT 252.66 TWD 332.59 TWD 412.53 TWD 66
EV/EBITDA 211.52 TWD 277.74 TWD 343.96 TWD 67
EV/Revenue 134.09 TWD 186.05 TWD 238.01 TWD 54
Asset-Based
NCAV (Graham) 31.64 TWD 42.40 TWD 63.29 TWD 54
Growth DCF
Growth DCF 137.09 TWD 224.19 TWD 374.24 TWD 76
Rev-Margin DCF 132.47 TWD 214.49 TWD 314.63 TWD 72
Economic Profit
Residual Income 80.13 TWD 98.40 TWD 267.06 TWD 67
ROIC Compounder 133.24 TWD 173.00 TWD 223.87 TWD 72
Growth Earnings
Growth-Adj P/E 169.81 TWD 242.59 TWD 315.37 TWD 67

Widest divergence: Growth Earnings (242.59 TWD) versus Asset-Based (42.40 TWD). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/E ratio 55.3
P/S ratio 8.27 P/E × margin
EPS (TTM) 12.85 TWD price ÷ EPS = P/E 55.3
Dividend yield 1.3% payout 71.6%
Net margin 14.9% FY2025
Return on equity 22.9% TTM
More key figures
Profitability
Return on assets (EBIT) 16.7% avg 5y
Operating margin 18.3% TTM
Growth
Revenue (TTM) 73.9B TWD TTM
Revenue growth (YoY) +17.5% 3y avg +1.0%
EPS growth (YoY) +22.0%
Balance sheet & cash flow
Free cash flow 8.4B TWD FY2025
Net cash 9.3B TWD FY2025

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 76/100

Of which business quality 73 · Market factors (momentum, volatility) 88

Profitability 70
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 99
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 89
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Advantech Co., Ltd. engages in the research and development, design, manufacturing, and marketing of embedded computing boards, industrial automation products, and applied and industrial computers. The company operates through Intelligent Systems; Embedded Design-In; IoT Automation; Intelligent Service; and Advantech Service Plus and Others segments.

Full company description

Advantech Co., Ltd. engages in the research and development, design, manufacturing, and marketing of embedded computing boards, industrial automation products, and applied and industrial computers. The company operates through Intelligent Systems; Embedded Design-In; IoT Automation; Intelligent Service; and Advantech Service Plus and Others segments. It offers AIOT software, distribution, and services, application focus embedded, arm-based computing platforms, computer on modules, digital signage players, edge AI and intelligence solutions, embedded PCs and single board computers, fan less embedded computers, gaming platform solutions, industrial display systems, industrial flash and memory, industrial motherboards and wireless solutions, and wireless e-paper display solutions. The company also provides automation controllers and I/O, certified solutions, embedded automation computers, gateways and remote terminal units, human machine interfaces, certified, class I division 2 and ATEX, panel PCs, power and energy, and remote I/O and wireless sensing modules, as well as web access software and edge solution ready platform. In addition, it offers data acquisition, box and modular IPC, transportation systems, and rackmount IPC; and industrial computer peripherals, GPU, and motherboards and slot SBC. Further, the company provides intelligent connectivity solutions; cloud, networking, and servers solutions; intelligent healthcare, mobile solutions, logistics, city services, and retail solutions; and industrial mounting. It also offers, edge computing and WISE-edge, embedded solutions and design-in, energy and utilities, iFactory, iHealthcare, industrial and edge servers, industrial equipment builder, intelligent transport, iRetail and iCity services; and design and manufacturing, industrial display, gaming, iLogistics, video solutions, and IoT edge intelligence solutions and services. Advantech Co., Ltd. was incorporated in 1981 and is headquartered in Taipei, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Advantech Co Ltd reported revenue of 70.9B TWD in FY2025 versus 58.6B TWD in FY2021, a compound +4.9%/yr. Reported net income was 10.6B TWD in FY2025, compounding +6.4%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
70.9B TWD
Latest YoY
+18.6%
Avg. revenue growth/yr (3Y) 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.
+1.0%
Avg. revenue growth/yr (5Y) 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.
+6.8%
Avg. revenue growth/yr (25Y) 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.
+9.9%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+8.9% (7.6 + 1.3)
Revenue +4.9%/yr
FY21 58.6B TWD
FY22 68.7B TWD
FY23 64.6B TWD
FY24 59.8B TWD
FY25 70.9B TWD
Net income +6.4%/yr
FY21 8.3B TWD
FY22 10.8B TWD
FY23 10.8B TWD
FY24 9.0B TWD
FY25 10.6B TWD
Character of growth · EPS growth decomposed (2014-2025) +7.4 % p.a.
Revenue per share +5.7 %

of which total revenue +6.0 % · buybacks/dilution −0.3 %

EBIT margin +0.8 %
Tax rate +0.1 %
Residual (interest, one-offs) +0.6 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

2395 screens 168% overvalued. Compare with Dell Technologies Inc →

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Cite: Fair Value Calculator (2026). "Advantech Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2395

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Computer Hardware · 222 stocks

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.

Quality Score 76 · Top 25%
Fair Value upside −63% · Below median
Return on equity (TTM) 23% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 18% · Above median
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 55.3× · Pricier than 75% of peers
P/B 8.42× · Pricier than 75% of peers
P/S (TTM) 6.26× · Pricier than 75% of peers
P/FCF 1.7× · Cheaper than median
EV/EBITDA 34.1× · Pricier than 75% of peers
PEG 2.72× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE88 · sector 59
PAST92 · sector 24
HEALTH100 · sector 97
DIVIDEND26 · sector 37

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

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

Stock Price Fair Value vs Fair Value
Dell Technologies Inc DELL $456.24 $187.75 −59%
Arista Networks, Inc ANET $201.09 $57.72 −71%
Western Digital Corporation WDC $441.57 $47.49 −89%
Hygon Information Technology Co 688041 ¥246.21 ¥30.66 −88%
Hangzhou Hikvision Digital Technology Co 002415 ¥35.18 ¥40.44 +15%
Shenzhen Longsys Electronics Co 301308 ¥376.88 ¥91.67 −76%
Lenovo Group 0992 HK$30.12 HK$33.70 +12%
Dawning Information Industry Co 603019 ¥83.19 ¥39.38 −53%
HP Inc HPQ $30.52 $48.62 +59%
Inspur Electronic Information Industry Co 000977 ¥73.79 ¥44.02 −40%

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Frequently asked questions

Is Advantech Co Ltd (2395) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of 265.18 TWD versus a price of 711.00 TWD, about −63% upside (overvalued).
What is the fair value of 2395?
Our model-based fair value for Advantech Co Ltd is 265.18 TWD (as of Aug 30, 2026), built from audited fundamentals. The current price: 711.00 TWD.
What is the quality score of 2395?
Advantech Co Ltd has a Quality Score of 76/100. 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 revenue of Advantech Co Ltd (2395)?
Advantech Co Ltd reported trailing-twelve-month revenue of about 73.9B TWD (latest available figure, as of Aug 30, 2026).
What is the net profit margin of 2395?
The net profit margin of Advantech Co Ltd is about 15.1%, meaning it keeps roughly 15.1% of revenue as net income. Based on the latest reported figures.
Does Advantech Co Ltd pay a dividend?
Advantech Co Ltd currently shows a dividend yield of about 1.29% relative to its recent price (as of Aug 30, 2026).
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