Tsai Ing-wen

On JudgeMarket, Tsai Ing-wen trades in the upper band of contemporary Taiwan political names, and arguably at the ceiling for living ones. The valuation captures a rare combination: two completed presidential terms, first woman in the role, and a track record of managing the cross-strait file through the most pressured period since the 1990s without a single major diplomatic rupture. The market also prices in Taiwan's semiconductor-era global rise, which happened on her watch. What caps the multiple is the structural constraint of governing a non-UN state and DPP-era economic debates that her successors inherit. Compared to Lee Teng-hui, who trades in a similar tier on democratization premium, Tsai prices on resilience. Chiang Ching-kuo sits adjacent on earlier reform legacy. Lai Ching-te inherits her platform and trades on forward option value. Volatility is low: Tsai is a settled asset.