J.ESTINA Co.Ltd (026040) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of J.ESTINA Co.Ltd stock KRW 1,604, price KRW 1,844, that is 13.0% below the price, quality 55 out of 100. Rating: overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 1,454 KRW – 5,327 KRW · fair‑value band 1,059 KRW – 2,005 KRW · the 1,844 KRW price screens above the 1,604 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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J.ESTINA Co.,Ltd. produces and sells jewelry and handbags in South Korea. It provides fashion jewelry and handbag under the J.ESTINA brand; and watches under the ROMANSON. The company was formerly known as Romanson Co., Ltd. and changed its name to J.ESTINA Co.,Ltd. in May 2016.
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J.ESTINA Co.,Ltd. was founded in 1988 and is based in Seoul, South Korea.
Stock analysis
J.ESTINA Co.Ltd (026040) currently trades at 1,844 KRW, while our model-based Fair Value estimate is 1,604 KRW, 13% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1,892 KRW per share, and 5 of the 15 models we run sit above the 1,844 KRW price.
Bear case: the Earnings-Based group reads lowest at 876.83 KRW, and 10 of the 15 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 1,059 KRW (bear) to 2,005 KRW (bull), the price of 1,844 KRW sits inside 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 55/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
J.ESTINA Co.Ltd reported revenue of 72.2B KRW in FY2025 versus 67.3B KRW in FY2021, a compound +1.8%/yr. Reported net income was 1.8B KRW in FY2025, compounding −43.3%/yr from FY2021.
Key figures
Market cap 27.9B KRW (≈ $20.6M) Micro · P/S ratio 0.36 · EPS (TTM) −477.06 KRW · Dividend yield 5.4% · Net margin −9.9% · Return on equity −14.2% · Return on assets (EBIT) 0.3% (5-year average) · Operating margin 3.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at −13%, 026040 screens richer than that median.
Fair Value models
Bear1,059 KRWFair Value 1,604 KRWBull2,005 KRW
Price 1,844 KRW · Downside -13.0%
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.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.
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.28/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−2.9%
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.
−2.5%
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.
+3.8%
Start year 2020 (pandemic). Over 10 years: −7.4% a year
Revenue growth 14 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.
−2.0%
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What shareholders gained per year (last 5 years), in KRW ⓘ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. Basis: EBIT basis. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ −5.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.4%
Dividend (yield on the price)5.4%
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.−35.9% vs −6.0%, slowing
Profit margin 2020 to 2025 ⓘ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.−23% → 1%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 8.0%/yr over ~7Y (margin trend unclear) ⓘ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.
⚠ Rate on operating basis: 2025 sits 71% above its own trend.
Price, fair value, quality and upside side by side.
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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.Luxury Goods · 121 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−13.0% · Above median
Profitability
Return on assets3.3% · Below median
Net margin (12 months)2.5% · Below median
Operating margin (12 months)3.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)16.7% · Above median
Dividend yield (12 months)5.4% · Top 25%
Valuation Multiplesvs Luxury Goods median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "J.ESTINA Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/026040
Frequently asked questions
Is J.ESTINA Co.Ltd (026040) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 1,604 KRW versus a price of 1,844 KRW, about 13% lower (overvalued).
What is the fair value of 026040?
Our model-based fair value for J.ESTINA Co.Ltd is 1,604 KRW (as of Nov 4, 2026), built from audited fundamentals. The current price: 1,844 KRW.
What is the quality score of 026040?
J.ESTINA Co.Ltd has a Quality Score of 55/100. 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 J.ESTINA Co.Ltd (026040)?
Our model-based price target is the fair value of 1,604 KRW (as of Nov 4, 2026) from 15 valuation models. Cautious scenario 1,059 KRW, optimistic scenario 2,005 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the J.ESTINA Co.Ltd stock forecast for 2026?
Our models put fair value at 1,604 KRW, about 13% lower versus a price of 1,844 KRW (overvalued). Cautious scenario 1,059 KRW, optimistic scenario 2,005 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of J.ESTINA Co.Ltd (026040)?
J.ESTINA Co.Ltd reported trailing-twelve-month revenue of about 76.9B KRW (latest available figure, as of Nov 4, 2026).
Does J.ESTINA Co.Ltd pay a dividend?
J.ESTINA Co.Ltd currently shows a dividend yield of 5.42% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of J.ESTINA Co.Ltd (026040) and when is the ex-dividend date?
J.ESTINA Co.Ltd pays a dividend of 100.00 KRW per share a year, a dividend yield of 5.4%. The last ex-dividend date was Dec 29, 2025. The payout ratio is 87.8% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of J.ESTINA Co.Ltd (026040)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For J.ESTINA Co.Ltd it is 1,604 KRW per share (as of Nov 4, 2026), against a price of 1,844 KRW. It is the blended result of 15 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is J.ESTINA Co.Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 026040 trades above its calculated fair value: price 1,844 KRW, fair value 1,604 KRW, a gap of about −13% (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 026040?
No. The price is what the market pays today (1,844 KRW); the fair value is what the company's own numbers justify (1,604 KRW). For J.ESTINA Co.Ltd the two are 240.10 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is J.ESTINA Co.Ltd worth?
The market values J.ESTINA Co.Ltd at about 27.9B KRW (market capitalisation, as of Nov 4, 2026). Per share that is 1,844 KRW; our models calculate a fair value of 1,604 KRW per share.
What do the bullish and bearish scenarios say about 026040?
Our models span a range for J.ESTINA Co.Ltd: cautious scenario 1,059 KRW, base 1,604 KRW, optimistic 2,005 KRW per share (as of Nov 4, 2026, price 1,844 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of J.ESTINA Co.Ltd (026040)?
Balance-sheet figures for J.ESTINA Co.Ltd (as of Nov 4, 2026): return on equity −14.2%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 026040 from its 52-week high?
J.ESTINA Co.Ltd trades at 1,844 KRW, about 46% below its 52-week high of 3,395 KRW and 20% above the low of 1,540 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,604 KRW is for.
Which stocks are comparable to J.ESTINA Co.Ltd?
From the same area (Consumer Cyclical) we also value Compagnie Financière Richemont SA, Christian Dior SE, Tapestry, Inc, Chow Tai Fook Jewellery 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 J.ESTINA Co.Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price 1,844 KRW, calculated fair value 1,604 KRW (−13%), Quality Score 55/100, from 15 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 026040 calculated?
We run J.ESTINA Co.Ltd through 15 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,604 KRW 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 13.3% above its aggregate fair value. J.ESTINA Co.Ltd 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 J.ESTINA Co.Ltd (026040)?
The closing price on Nov 6, 2026 was 1,844 KRW. Our model-based fair value is 1,604 KRW, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with J.ESTINA Co.Ltd right now?
Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (1,059 KRW to 2,005 KRW) leaves room in how you read the outcome.
Key figures of J.ESTINA Co.Ltd
How large is the market capitalisation of J.ESTINA Co.Ltd (026040)?
The market capitalisation of J.ESTINA Co.Ltd is 27.9B KRW (≈ $20.6M). 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 J.ESTINA Co.Ltd (026040)?
The price-to-sales ratio of J.ESTINA Co.Ltd is 0.36 (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 J.ESTINA Co.Ltd (026040)?
Earnings per share at J.ESTINA Co.Ltd are −477.06 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of J.ESTINA Co.Ltd (026040)?
The dividend yield of J.ESTINA Co.Ltd is 5.4%. 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 J.ESTINA Co.Ltd (026040)?
The net margin of J.ESTINA Co.Ltd is −9.9% (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 J.ESTINA Co.Ltd (026040)?
The return on equity (ROE) of J.ESTINA Co.Ltd is −14.2% (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 J.ESTINA Co.Ltd (026040)?
On an EBIT basis the return on assets of J.ESTINA Co.Ltd is 0.3% (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 J.ESTINA Co.Ltd (026040)?
The operating margin of J.ESTINA Co.Ltd is 3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at J.ESTINA Co.Ltd (026040)?
Revenue at J.ESTINA Co.Ltd is growing +16.7% versus a year earlier (3y avg −2.5%). 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 J.ESTINA Co.Ltd (026040)?
Earnings per share at J.ESTINA Co.Ltd are growing +498% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does J.ESTINA Co.Ltd (026040) generate?
The free cash flow of J.ESTINA Co.Ltd is −2.4B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does J.ESTINA Co.Ltd (026040) carry?
The net debt of J.ESTINA Co.Ltd is 4.6B KRW (fiscal year 2021). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 4, 2026