Chunghwa Telecom ADR (CHT) is overvalued and T-Mobile US Inc (TMUS) is undervalued.
Against our estimates of intrinsic value, TMUS trades at the wider discount: a margin of safety of +37%, against -74% for CHT.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $26.47; the price of $46.11 is 74% above that value, and 81% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
Discounting its cash flows at 7.8% (average of 3 methods) values the shares at $258.71; the price of $162.41 is 37% below that value, and 80% of that value comes from beyond year five.
Leak Score 73/100 on 10 of 12 signals
| Metric | CHT | TMUS |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $46.11 | $162.41 |
| Intrinsic value | $26.47 | $258.71 |
| Margin of safety | -74% | +37% |
| Leak Score | 59/100 (3/12) | 73/100 (10/12) |
| Market cap | $35.8B | $174.2B |
| Revenue growth, 5 years | 1.4% | 5.2% |
| Operating margin | 20.4% | 21.2% |
| Net margin | 16.1% | 11.4% |
| Return on equity | 10.6% | 18.0% |
| Debt to equity | 0.10 | 2.12 |
| P/E | 28.2x | 17.0x |
| Forward P/E | 27.8x | 11.7x |
| P/B | 3.1x | 3.1x |
| Dividend yield | 3.6% | 2.5% |