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Data-driven stock valuation

Guosheng Financial Holding Inc (002670) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Guosheng Financial Holding Inc stock ¥4.06, price ¥10.06, that is 59.6% below the price, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services CN · ISIN CNE100001D21

GF Guosheng Financial Holding Inc logo Some data Nov 5, 2026

Guosheng Financial Holding Inc

002670 · SHE
Very expensive, weak quality

Our calculation puts a fair price 60% below what the stock costs today.

Solidly profitable · 15.7% net margin (TTM)
Low debt
Generates free cash flow over the last twelve months
Last quarter vs. a year ago: revenue +25%, profit +47%.
Quality 47/100
Moderate moat 51/100 · thin data
Some data
Fair value ¥4.06 · Strongly overvalued (−59.6%)
Weak Growth (revenue 5y −4.4 %/yr in CNY)
Trails peers (3/12)
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥24.34 ¥7.39 Fair Value ¥4.06 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range ¥7.39 – ¥24.34 · fair‑value band ¥4.06 – ¥4.28 · the ¥10.06 price screens above the ¥4.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

Guosheng Securities Inc, together with its subsidiaries, operates as a securities company in China.

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It operates through Futures Business, Asset Management Business, Securities Brokerage Business, Securities Proprietary Trading Business, Investment Banking Business, Credit Business, Non-Securities Investment Business, and Other Business segments.

The company offers securities brokerage and futures brokerage services to individual and institutional clients; professional research and consulting services through various forms, such as reports, roadshows, strategy meetings, research, and teleconferences; stock underwriting and sponsorship, bond underwriting, M&A financial advisory, and listing recommendations for companies listed on the National Equities Exchange and Quotations (NEEQ); single asset management, collective asset management, and asset-backed special plans; and investment advisory services for asset management products.

It also provides capital intermediary services, such as margin financing and securities lending, margin trading, stock pledged repurchase, and agreed repurchase; and securities underwriting.

In addition, the company is involved in the promotion and sale of securities and financial products; trading and market-making of equity, fixed-income, direct investment, derivative products, and other financial products; development of asset management products; commodity futures brokerage; financial futures brokerage; equity investment; financial consulting; technical services; computer hardware and software; and computer system integration technology development.

The company was formerly known as Guosheng Financial Holding Inc. and changed its name to Guosheng Securities Inc in October 2025. Guosheng Securities Inc was founded in 1995 and is headquartered in Nanchang City, China.

Stock analysis

Guosheng Financial Holding Inc (002670) currently trades at ¥10.06, while our model-based Fair Value estimate is ¥4.06, 60% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of ¥11.12 per share, and 1 of the 6 models we run sit above the ¥10.06 price.

Bear case: the Dividend Discount group reads lowest at ¥1.19, and 5 of the 6 models stay below the price. Data coverage for this calculation is medium.

Scenario range: ¥4.06 (bear) to ¥4.28 (bull), the price of ¥10.06 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 47/100 (below-average quality), in the Financial Services sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Guosheng Financial Holding Inc reported revenue of 1.8B CNY in FY2025 versus 1.9B CNY in FY2021, a compound −2.4%/yr. Reported net income was 273M CNY in FY2025, compounding +37.3%/yr from FY2021.

Key figures

Market cap 19.5B CNY (≈ $2.9B) Mid · P/E ratio 71.9 · P/S ratio 10.9 · EPS (TTM) ¥0.1400 · Dividend yield 1.0% · Net margin 15.7% · Return on equity 2.5% · Return on assets (EBIT) −0.2% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).

What moves the price

The share trades about 52% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −11% fair-value upside, at −60%, 002670 screens richer than that median.

Fair Value models

Bear ¥4.06 Fair Value ¥4.06 Bull ¥4.28
Price ¥10.06 · Downside -59.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.1197 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income ¥4.06 ¥4.06 ¥4.19 76
Gordon GGM ¥0.9100 ¥1.15 ¥1.40 69
DDM Multi-Stage ¥0.9100 ¥1.22 ¥1.61 67
All 6 models by family
Dividend Discount
Gordon GGM ¥0.9100 ¥1.15 ¥1.40 69
DDM Multi-Stage ¥0.9100 ¥1.22 ¥1.61 67
Multiples
P/E Multiple ¥2.22 ¥2.96 ¥3.70 63
P/B Multiple ¥14.46 ¥19.28 ¥24.10 55
Asset-Based
NCAV (Graham) ¥2.14 ¥2.87 ¥4.28 54
Economic Profit
Residual Income ¥4.06 ¥4.06 ¥4.19 76

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Quality Score breakdown

Overall quality 47/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 24
How much profit the company makes from its sales and capital
Quality Growth 60
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 44
Debt, balance sheet and risk of trouble
Investment 72
Does it invest with discipline instead of growing at any price?
Low Volatility 76
How calm the share price moves, does not count
Price momentum 17
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 19/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−12.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.4%
Start year 2020 (pandemic). Over 10 years: +5.3% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.8%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +29.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +28.8%
Dividend (yield on the price)1.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 28.8% / −4.5%
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 11%
⚠ Revenue per share shrinking 12.2%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 0.040 per share, median 0.22 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.

002670 screens overvalued: fair value 60% below the price. Compare with Morgan Stanley →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 384 stocks

Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 47 · Below median
Fair Value upside −59.6% · Bottom 25%
Profitability
Return on equity (12 months) 2.5% · Bottom 25%
Return on assets 0.6% · Bottom 25%
Net margin (12 months) 15.7% · Below median
Operating margin (12 months) 43.3% · Above median
Growth and dividend
Revenue growth (quarter YoY) 24.6% · Above median
Dividend yield (12 months) 1.0% · Below median
Balance sheet
Debt / equity 0.05× · Below median

Valuation Multiplesvs Capital Markets median · lower = cheaper

P/E (12 months) 71.9× · Priciest 25%
P/B 1.72× · Pricier than median
P/S (12 months) 10.91× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 42
FUTURE (revenue growth)100 · sector 68
PAST (return on equity)10 · sector 38
HEALTH (low debt)98 · sector 94
DIVIDEND (yield)19 · sector 47

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Guosheng Financial Holding Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Guosheng Financial Holding Inc Fair Value". https://www.fairvalue-calculator.com/stock/002670

Frequently asked questions

Is Guosheng Financial Holding Inc (002670) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥4.06 versus a price of ¥10.06, about 60% lower (overvalued).
What is the fair value of 002670?
Our model-based fair value for Guosheng Financial Holding Inc is ¥4.06 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥10.06.
What is the quality score of 002670?
Guosheng Financial Holding Inc has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Guosheng Financial Holding Inc (002670)?
Our model-based price target is the fair value of ¥4.06 (as of Nov 5, 2026) from 6 valuation models. Cautious scenario ¥4.06, optimistic scenario ¥4.28. It is a calculation from audited fundamentals, not an analyst target.
What is the Guosheng Financial Holding Inc stock forecast for 2026?
Our models put fair value at ¥4.06, about 60% lower versus a price of ¥10.06 (overvalued). Cautious scenario ¥4.06, optimistic scenario ¥4.28. The calculation is refreshed regularly with new filings.
What is the revenue of Guosheng Financial Holding Inc (002670)?
Guosheng Financial Holding Inc reported trailing-twelve-month revenue of about 1.8B CNY (latest available figure, as of Nov 5, 2026).
Does Guosheng Financial Holding Inc pay a dividend?
Guosheng Financial Holding Inc currently shows a dividend yield of 0.96% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Guosheng Financial Holding Inc (002670)?
Guosheng Financial Holding Inc has a dividend yield of 1.0%.
What is the intrinsic value of Guosheng Financial Holding Inc (002670)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Guosheng Financial Holding Inc it is ¥4.06 per share (as of Nov 5, 2026), against a price of ¥10.06. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Guosheng Financial Holding Inc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 002670 trades above its calculated fair value: price ¥10.06, fair value ¥4.06, a gap of about −60% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002670?
No. The price is what the market pays today (¥10.06); the fair value is what the company's own numbers justify (¥4.06). For Guosheng Financial Holding Inc the two are ¥6.00 per share apart. That gap is exactly why we show both numbers side by side.
How much is Guosheng Financial Holding Inc worth?
The market values Guosheng Financial Holding Inc at about 19.5B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥10.06; our models calculate a fair value of ¥4.06 per share.
What do the bullish and bearish scenarios say about 002670?
Our models span a range for Guosheng Financial Holding Inc: cautious scenario ¥4.06, base ¥4.06, optimistic ¥4.28 per share (as of Nov 5, 2026, price ¥10.06). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002670?
Guosheng Financial Holding Inc trades at a price-to-earnings ratio of 71.9 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥4.06 is built from several models across several years. Other multiples: P/B 1.7, P/S 10.9.
How solid is the balance sheet of Guosheng Financial Holding Inc (002670)?
Balance-sheet figures for Guosheng Financial Holding Inc (as of Nov 5, 2026): return on equity 2.5%, debt of 0.05 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 002670 from its 52-week high?
Guosheng Financial Holding Inc trades at ¥10.06, about 52% below its 52-week high of ¥20.80 and 6% above the low of ¥9.46 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥4.06 is for.
Which stocks are comparable to Guosheng Financial Holding Inc?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Guosheng Financial Holding Inc stock attractive at the current price?
The data as of Nov 5, 2026: price ¥10.06, calculated fair value ¥4.06 (−60%), Quality Score 47/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 002670 calculated?
We run Guosheng Financial Holding Inc through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of ¥4.06 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Guosheng Financial Holding Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Guosheng Financial Holding Inc (002670)?
The closing price on Nov 6, 2026 was ¥10.06. Our model-based fair value is ¥4.06, about 60% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Guosheng Financial Holding Inc right now?
The price sits above even our optimistic bull case (¥4.28). The favourable scenario is already priced in. Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts. The models converge in a tight band (¥4.06 to ¥4.28), unusually little disagreement for a valuation. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Guosheng Financial Holding Inc

How large is the market capitalisation of Guosheng Financial Holding Inc (002670)?
The market capitalisation of Guosheng Financial Holding Inc is 19.5B CNY (≈ $2.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Guosheng Financial Holding Inc (002670)?
The price-to-sales ratio of Guosheng Financial Holding Inc is 10.9 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Guosheng Financial Holding Inc (002670)?
Earnings per share at Guosheng Financial Holding Inc are ¥0.1400 (price ÷ EPS = P/E 71.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Guosheng Financial Holding Inc (002670)?
The dividend yield of Guosheng Financial Holding Inc is 1.0% (payout 69.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Guosheng Financial Holding Inc (002670)?
The net margin of Guosheng Financial Holding Inc is 15.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Guosheng Financial Holding Inc (002670)?
The return on equity (ROE) of Guosheng Financial Holding Inc is 2.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Guosheng Financial Holding Inc (002670)?
On an EBIT basis the return on assets of Guosheng Financial Holding Inc is −0.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Guosheng Financial Holding Inc (002670)?
The operating margin of Guosheng Financial Holding Inc is 43.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Guosheng Financial Holding Inc (002670)?
Revenue at Guosheng Financial Holding Inc is growing +24.6% versus a year earlier (3y avg −2.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Guosheng Financial Holding Inc (002670)?
Earnings per share at Guosheng Financial Holding Inc are growing +46.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Guosheng Financial Holding Inc (002670) generate?
The free cash flow of Guosheng Financial Holding Inc is −598M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Guosheng Financial Holding Inc (002670) hold?
Guosheng Financial Holding Inc holds more cash than debt, 529M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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