Taiwan Fund Inc. (The) Common Stock (TWN)

FairStock Score: 44/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with what this thing is: The Taiwan Fund is not an operating company but a closed-end fund managed by Nomura, investing in Taiwanese public equities. Its moat is not a brand or patent; it is the manager's process and the closed-end structure. The figures show a FairStock P/E of 2.68 and P/B of 1.30 as of the 2026-10-13 close. A P/E that low demands skepticism: for a fund, reported earnings can be lumpy and driven by realized gains, not recurring cash flow. Book value is more relevant, and paying 1.30 times book is not a bargain unless the portfolio is worth more than stated or the manager adds value. The Graham Number of $261.77, with a margin of safety of 60.71% as a FairStock calculation, suggests the price is below a conservative asset-based estimate, but Graham would ask whether those asset values are real and recurring. ROE of 62.14% is impressive, yet ROCE of 0.22% is nearly nil, so the quality signals conflict. The Piotroski F-Score of 1/9 is poor, and the 0.00% dividend yield means no cash return. Beta of 1.51 signals above-market volatility. Growth data are not available, and the Lynch category is none because only 0 years of filed results exist, needing 3, so I cannot judge consistency. The Altman Z-Score of 138.53 is very high, but for a fund that metric is less meaningful. Overall, the price may look statistically cheap, but the business quality, disclosure history, and lack of income keep it in the too-hard pile unless deeper portfolio analysis shows durable value.

In plain English: The Taiwan Fund is a closed-end fund that invests in stocks in Taiwan. The business looks mixed: some measures are strong, but others are weak, and the price does not look clearly cheap or expensive across all the numbers. It pays no dividend, has a short reporting history, and has swung widely in price.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer