Auden Techno (TPE:3138) Graham Number: NT$42.00 (As of Mar. 2026) — 1695% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:3138 Auden Techno Corp TPE:3138
72 GF Score
Price NT$97.60
GF Value NT$123.89
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Auden Techno Graham Number?

Auden Techno TPE:3138 72 Graham Number is NT$42.00 as of Mar. 2026, which is 100% below its 10-year median of 2.34. GuruFocus rates TPE:3138 with a GF Score™ of 72/100 and a GF Value™ of NT$123.89 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,623 Hardware companies, Auden Techno ranks worse than 57.86% on this metric.

Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.

As of today (2026-08-13), the stock price of Auden Techno is NT$97.60. Auden Techno's graham number for the quarter that ended in Mar. 2026 was NT$42.00. Therefore, Auden Techno's Price to Graham Number ratio for today is 2.32.

The historical rank and industry rank for Auden Techno's Graham Number or its related term are showing as below:

TPE:3138' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.33   Med: 2.34   Max: 11.61
Current: 2.32

During the past 13 years, the highest Price to Graham Number ratio of Auden Techno was 11.61. The lowest was 1.33. And the median was 2.34.

TPE:3138's Price-to-Graham-Number is ranked worse than
57.86% of 1623 companies
in the Hardware industry
Industry Median: 1.93 vs TPE:3138: 2.32

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Auden Techno  (TPE:3138) Graham Number Explanation

Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:

Current price should not be more than 15 times average earnings of the past three years.

Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)

Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.

In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.

Auden Techno's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=97.60/42.00
=2.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Please keep these in mind:

1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.


Auden Techno Graham Number Related Terms


Auden Techno Graham Number Historical Data

* Premium members only.

The historical data trend for Auden Techno's Graham Number can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Auden Techno Graham Number Chart

Auden Techno Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.10 71.89 58.87 53.66 37.29

Auden Techno Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.76 29.43 31.83 36.81 42.00

TPE:3138 vs CSCO, MSI, HPE: Graham Number Comparison

For the Communication Equipment subindustry, Auden Techno's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Auden Techno Price-to-Graham-Number vs Hardware Industry

For the Hardware industry and Technology sector, Auden Techno's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Auden Techno's Price-to-Graham-Number falls into.


TPE:3138
72GF Score
Auden Techno Corp TPE:3138
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Auden Techno Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Auden Techno's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*40.986*1.508)
=37.29

Auden Techno's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*47.365*1.655)
=42.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of NT$42.00 mean?
Auden Techno (TPE:3138) has a Graham Number of NT$42.00 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Auden Techno and its competitors. This is 1695% above median its historical median of 2.34. Over the past decade, Auden Techno's Graham Number has ranged from 1.33 to 11.61. According to the industry distribution chart, Auden Techno ranks #939 out of 1623 companies in the Hardware industry, placing it in the top 57.9%.
Is Auden Techno's Graham Number too high?
Auden Techno's current Graham Number of NT$42.00 is 1695% above median its 10-year median of 2.34. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 11.61. Based on the distribution chart, Auden Techno ranks #939 out of 1623 companies in the Hardware industry, which is below the industry midpoint. Overall, Auden Techno has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Auden Techno's Graham Number compare to CSCO and MSI?
According to the Hardware industry distribution chart, Auden Techno ranks #939 out of 1623 companies for Graham Number. This places Auden Techno in the lower half of its industry. The industry median Graham Number is 1.93. Historically, Auden Techno's own Graham Number has ranged from 1.33 to 11.61 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Hardware company?
The median Graham Number among Hardware companies is 1.93, based on 1,623 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Auden Techno and its competitors. For the Hardware industry, the median Graham Number is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Auden Techno's current Graham Number is NT$42.00, which is 1695% above median its own 10-year median of 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Auden Techno stock overvalued right now?
Based on GuruFocus' analysis, Auden Techno (TPE:3138) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$123.89, compared to a current price of NT$97.60 — trading 21.2% below its estimated fair value. The current Graham Number is NT$42.00, which is 1695% above median its 10-year median of 2.34. Auden Techno's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Auden Techno (TPE:3138), the current Graham Number is NT$42.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Auden Techno (TPE:3138) Overvalued in 2026?

Based on GuruFocus' analysis, Auden Techno stock appears to be undervalued. The current stock price of NT$97.60 is trading 21.2% below its estimated GF Value™ of NT$123.89. GuruFocus considers Auden Techno to be Modestly Undervalued.

Key valuation signals for TPE:3138:

  • Graham Number: NT$42.00 (1695% above median its 10-year median of 2.34)
  • GF Value™: NT$123.89 vs. price of NT$97.60 (21.2% below fair value)
  • GF Score™: 72/100 with 6 warning signs

No single metric tells the full story. See the TPE:3138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Auden Techno Business Description

Address No 19, Lane 772, Heping Road, Bade District, Taoyuan City, TWN, 334
Auden Techno Corp is engaged in the design and manufacture of wired and wireless antennas, the performance verification and testing of communications products, and the trading agency of precision instruments. The company's revenue is mainly generated from three segments: RFID antennas, which generate the maximum revenue; measuring equipment; and testing and certification. The Company operates in Taiwan, which generates the maximum revenue, Mainland China, and Vietnam.
72GF Score

Get the complete analysis for TPE:3138

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$97.60
Price
NT$123.89
GF Value