KT&G Corp (033780) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of KT&G Corp stock KRW 104,858, price KRW 194,200, that is 46.0% below the price, quality 63 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 61,763 KRW – 196,200 KRW · fair‑value band 71,404 KRW – 132,415 KRW · the 194,200 KRW price screens above the 104,858 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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KT&G Corporation, together with its subsidiaries, engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.
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It provides reconstituent tobacco sheets, red ginseng, red ginseng products, other health foods, food and beverage products, health functional food products, and cosmetic and related products.
The company also offers leaf tobacco cultivation support services; and develops, manufactures, and distributes drugs, bio-pharmaceuticals, over-the-counter medicines, and medical supplies and equipment. In addition, it engages in the trading, real estate, leasing, and housing businesses.
Further, the company engages in hotel development and management activities. The company was formerly known as Korea Tobacco and Ginseng Corporation and changed its name to KT&G Corporation in December 2002. KT&G Corporation was founded in 1987 and is headquartered in Daejeon, South Korea.
Stock analysis
KT&G Corp (033780) currently trades at 194,200 KRW, while our model-based Fair Value estimate is 104,858 KRW, 46% 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 188,041 KRW per share, and 4 of the 17 models we run sit above the 194,200 KRW price.
Bear case: the Asset-Based group reads lowest at 20,390 KRW, and 13 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: 71,404 KRW (bear) to 132,415 KRW (bull), the price of 194,200 KRW 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 63/100 (solid quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
KT&G Corp reported revenue of 6.6T KRW in FY2025 versus 5.2T KRW in FY2021, a compound +5.9%/yr. Reported net income was 1.1T KRW in FY2025, compounding +2.8%/yr from FY2021.
Key figures
Market cap 20.5T KRW (≈ $15.1B) Large · P/E ratio 14.1 · P/S ratio 2.95 · EPS (TTM) 13,807 KRW · Dividend yield 3.4% · Net margin 20.7% · Return on equity 15.2% · Return on assets (EBIT) 9.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 70 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 47% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 7% fair-value upside, at −46%, 033780 screens richer than that median.
Fair Value models
Bear71,404 KRWFair Value 104,858 KRWBull132,415 KRW
Price 194,200 KRW · Downside -46.0%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (6,121 KRW 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.
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.45/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+11.4%
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.
+4.0%
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: +4.7% a year
Revenue growth 25 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.
+5.2%
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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. 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.
+8.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.8%
Dividend (yield on the price)3.4%
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.28% → 20%
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.Tobacco · 30 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Below median
Fair Value upside−46.0% · Bottom 25%
Profitability
Return on equity (12 months)15.2% · Above median
Return on assets7.7% · Above median
Net margin (12 months)20.7% · Above median
Operating margin (12 months)24.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)9.9% · Above median
Dividend yield (12 months)3.4% · Below median
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Tobacco median · lower = cheaper
P/E (12 months)14.1× · Cheaper than median
P/B2.21× · Cheaper than median
P/S (12 months)2.95× · Pricier than median
EV/EBITDA11.5× · Pricier than median
PEG3.72× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 45
FUTURE (revenue growth)50· sector 16
PAST (return on equity)61· sector 56
HEALTH (low debt)94· sector 96
DIVIDEND (yield)68· sector 81
VALUE 0: the price sits above our fair-value range.
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). "KT&G Corp Fair Value". https://www.fairvalue-calculator.com/stock/033780
Frequently asked questions
Is KT&G Corp (033780) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 104,858 KRW versus a price of 194,200 KRW, about 46% lower (overvalued).
What is the fair value of 033780?
Our model-based fair value for KT&G Corp is 104,858 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 194,200 KRW.
What is the quality score of 033780?
KT&G Corp has a Quality Score of 63/100. 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 KT&G Corp (033780)?
Our model-based price target is the fair value of 104,858 KRW (as of Nov 3, 2026) from 17 valuation models. Cautious scenario 71,404 KRW, optimistic scenario 132,415 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the KT&G Corp stock forecast for 2026?
Our models put fair value at 104,858 KRW, about 46% lower versus a price of 194,200 KRW (overvalued). Cautious scenario 71,404 KRW, optimistic scenario 132,415 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of KT&G Corp (033780)?
KT&G Corp reported trailing-twelve-month revenue of about 6.9T KRW (latest available figure, as of Nov 3, 2026).
Does KT&G Corp pay a dividend?
KT&G Corp currently shows a dividend yield of 3.40% relative to its recent price (as of Nov 3, 2026).
What is the intrinsic value of KT&G Corp (033780)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KT&G Corp it is 104,858 KRW per share (as of Nov 3, 2026), against a price of 194,200 KRW. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is KT&G Corp stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 033780 trades above its calculated fair value: price 194,200 KRW, fair value 104,858 KRW, a gap of about −46% (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 033780?
No. The price is what the market pays today (194,200 KRW); the fair value is what the company's own numbers justify (104,858 KRW). For KT&G Corp the two are 89,342 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is KT&G Corp worth?
The market values KT&G Corp at about 20.5T KRW (market capitalisation, as of Nov 3, 2026). Per share that is 194,200 KRW; our models calculate a fair value of 104,858 KRW per share.
What do the bullish and bearish scenarios say about 033780?
Our models span a range for KT&G Corp: cautious scenario 71,404 KRW, base 104,858 KRW, optimistic 132,415 KRW per share (as of Nov 3, 2026, price 194,200 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 033780?
KT&G Corp trades at a price-to-earnings ratio of 14.1 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 104,858 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 11.2. Other multiples: PEG 3.7, P/B 2.2, P/S 2.9, EV/EBITDA 11.5.
What is the PEG ratio of 033780?
The PEG ratio of KT&G Corp is 3.72 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of KT&G Corp (033780)?
Balance-sheet figures for KT&G Corp (as of Nov 3, 2026): return on equity 15.2%, debt of 0.11 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 033780 from its 52-week high?
KT&G Corp trades at 194,200 KRW, about 1% below its 52-week high of 196,200 KRW and 47% above the low of 132,324 KRW (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 104,858 KRW is for.
Which stocks are comparable to KT&G Corp?
From the same area (Consumer Defensive) we also value Philip Morris International Inc, Altria Group, British American Tobacco p.l.c., Smoore International Holdings, 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 KT&G Corp stock attractive at the current price?
The data as of Nov 3, 2026: price 194,200 KRW, calculated fair value 104,858 KRW (−46%), Quality Score 63/100, from 17 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 033780 calculated?
We run KT&G Corp through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 104,858 KRW, 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 15.5% above its aggregate fair value. KT&G Corp 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 KT&G Corp (033780)?
The closing price on Nov 5, 2026 was 194,200 KRW. Our model-based fair value is 104,858 KRW, about 46% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KT&G Corp right now?
The price sits above even our optimistic bull case (132,415 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (71,404 KRW to 132,415 KRW) leaves room in how you read the outcome.
Key figures of KT&G Corp
How large is the market capitalisation of KT&G Corp (033780)?
The market capitalisation of KT&G Corp is 20.5T KRW (≈ $15.1B). 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 KT&G Corp (033780)?
The price-to-sales ratio of KT&G Corp is 2.95 (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 KT&G Corp (033780)?
Earnings per share at KT&G Corp are 13,807 KRW (price ÷ EPS = P/E 14.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of KT&G Corp (033780)?
The dividend yield of KT&G Corp is 3.4% (payout 47.8%). 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 KT&G Corp (033780)?
The net margin of KT&G Corp is 20.7% (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 KT&G Corp (033780)?
The return on equity (ROE) of KT&G Corp is 15.2% (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 KT&G Corp (033780)?
On an EBIT basis the return on assets of KT&G Corp is 9.8% (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 KT&G Corp (033780)?
The operating margin of KT&G Corp is 24.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KT&G Corp (033780)?
Revenue at KT&G Corp is growing +9.9% versus a year earlier (3y avg +4.0%). 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 KT&G Corp (033780)?
Earnings per share at KT&G Corp are growing +164% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does KT&G Corp (033780) generate?
The free cash flow of KT&G Corp is −97.4B 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 KT&G Corp (033780) carry?
The net debt of KT&G Corp is 872B KRW (fiscal year 2025). 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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Broad data
Nov 3, 2026