AI · US Semiconductors — Fair value
A slow-moving intrinsic anchor per name — earnings power and discounted cash flow, residual income for banks — answering what to pay, never when to trade.
0 unheld undervalued 4 held growth-priced-in 1 bargain ★
| Ticker | Name | Close | FV/sh | Method | MoS | Verdict | Quality | F | Bargain | |
|---|---|---|---|---|---|---|---|---|---|---|
| ASX | ASE Technology Holding | 42.13 | 89.57* | EPV | — | n/a · currency | 18.0 | 6 | ||
| TSM | Taiwan Semiconductor Manufacturing C | 455.10 | 792.43* | EPV | — | n/a · currency | 5.0 | 9 | ||
| KLAC H | KLA Corporation | 278.39 | 333.58 | EPV | +17% | UNDERVALUED | 6.0 | 7 | ||
| QCOM H | Qualcomm Incorporated | 188.72 | 87.19 | EPV | -116% | GROWTH PRICED IN | 9.0 | 5 | ||
| MU H | Micron Technology, Inc. | 1145.28 | 432.68 | EPV | -165% | GROWTH PRICED IN | 1.0 | 8 | ||
| NVDA H | NVIDIA Corporation | 194.97 | 63.57 | EPV | -207% | GROWTH PRICED IN | 2.0 | 6 | ||
| AMKR | Amkor Technology | 82.34 | 20.17 | EPV | -308% | GROWTH PRICED IN | 16.5 | 4 | ||
| SNDK | Sandisk Corporation | 2050.39 | 304.88 | EPV | -573% | GROWTH PRICED IN | 4.0 | 8 | ||
| ASML | ASML Holding NV | 1883.11 | 267.47* | EPV | — | n/a · currency | 8.0 | 8 | ||
| AVGO | Broadcom Inc | 372.45 | 46.31 | EPV | -704% | GROWTH PRICED IN | 7.0 | 7 | ||
| LRCX | Lam Research Corp | 410.91 | 49.15 | EPV | -736% | GROWTH PRICED IN | 3.0 | 8 | ||
| MRVL | Marvell Technology | 277.75 | 28.40 | EPV | -878% | GROWTH PRICED IN | 11.0 | 6 | ||
| COHR | Coherent Corp. | 391.22 | 23.57 | EPV | -1560% | GROWTH PRICED IN | 15.0 | 7 | ||
| GLW H | Corning Incorporated | 255.69 | 15.20 | EPV | -1582% | GROWTH PRICED IN | 14.0 | 6 | ||
| AMD | Advanced Micro Devices, Inc | 539.49 | 29.75 | EPV | -1713% | GROWTH PRICED IN | 10.0 | 7 | ||
| TSLA | Tesla Inc | 411.84 | 19.84 | EPV | -1976% | GROWTH PRICED IN | 19.0 | 5 | ||
| LITE | Lumentum Holdings | 851.40 | 30.83 | EPV | -2662% | GROWTH PRICED IN | 13.0 | 7 | ||
| ARM | Arm Holdings plc | 343.58 | 9.70 | EPV | -3443% | GROWTH PRICED IN | 12.0 | 7 | ||
| AAOI | Applied Optoelectronics, Inc. | 150.10 | -2.72* | EPV | — | n/a · no data | 16.5 | 4 | ||
| INTC | Intel Corporation | 131.72 | -3.61* | EPV | — | n/a · no data | 20.0 | 6 |
How to read this table
- Ticker · H
- The exchange symbol; an H pill marks a name this book currently holds.
- Close
- The latest settled market price — what the stock costs today.
- FV/sh (fair value per share)
- Our estimate of what one share is intrinsically worth, from the company's own earnings power and cash flow — a slow-moving anchor refreshed with quarterly results, deliberately independent of the day's price action.
- Method
- How that fair value was computed: EPV (earnings power value — what steady current earnings are worth, assuming no growth), DCF (discounted cash flow — future cash flows brought back to today's dollars), or Bank (residual income — the right framework for banks, whose "cash flow" is not comparable to an industrial's).
- MoS (margin of safety)
- How far the price sits below fair value, as a percentage — the discount you get for buying today. Positive (teal) = priced below fair value; negative (red) = priced above it. The bar makes the size of the gap scannable.
- Verdict
- UNDERVALUED — price below the fair-value anchor. FAIR — above the anchor but still below the growth-inclusive DCF value. GROWTH PRICED IN — the price already assumes the optimistic growth case plays out. OVERVALUED VS RI — a bank trading above its residual-income value. When no verdict applies, the pill says why: n/a · currency — the listing trades in a different currency than the company reports in (typically an ADR: the price is USD per depositary share, the statements aren't), so price and fair value can't honestly be compared and the MoS is withheld (the FV/sh shown* is in the reporting currency); n/a · ETF — a fund holds other assets, so company-earnings frameworks don't apply; n/a · no data — not enough fundamentals to compute a fair value. n/a rows carry no valuation force downstream.
- Quality
- The name's rank within this book on a composite of five quality measures: return on invested capital, gross profitability, free-cash-flow yield, revenue growth, and the F-Score. Earlier letters = higher quality.
- F (Piotroski F-Score)
- A 0–9 checklist of accounting health — profitability, improving balance sheet, operating efficiency. 7–9 is strong; below 4 is a warning.
How valuation is used
Valuation re-ranks and resizes technical buy candidates by a bounded amount and can amplify a signal-based sell — it never originates a trade on its own. A richly priced name that is trending is not a sell case; a cheap one with no signal is not a buy case. n/a rows (ETFs, currency mismatches) carry no valuation force.