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Obigo Inc. (352910) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Obigo Inc. stock KRW 1,203, price KRW 3,990, that is 69.8% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Technology KR

OI Obigo Inc. logo Thin data Nov 4, 2026

Obigo Inc.

352910 · KQ
Very expensive, weak quality

Our calculation puts a fair price 70% below what the stock costs today.

Low debt
Revenue last quarter +33% vs. a year ago.
Quality 49/100
Expensive Growth (revenue 5y +22.7 %/yr in KRW)
Mixed vs. peers (4/10)
Fair value 1,203 KRW · Strongly overvalued
Loss-making · -2.0% net margin (TTM)
Negative free cash flow
Narrow moat 20/100
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

28,200 KRW 3,295 KRW Fair Value 1,203 KRW Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range 3,295 KRW – 28,200 KRW · fair‑value band 794.05 KRW – 1,504 KRW · the 3,990 KRW price screens above the 1,203 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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Company profile

Obigo, Inc., a Web service company, provides internet services and software products in South Korea and internationally.

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The company's range of solutions include HTML5 browser, app framework, and web applications for various devices and platforms, such as automotive, smart phones, smart TV, and other consumer electronics. Obigo, Inc. was founded in 1997 and is based in Seongnam-si, South Korea.

Stock analysis

Obigo Inc. (352910) currently trades at 3,990 KRW, while our model-based Fair Value estimate is 1,203 KRW, 70% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 89/100, which puts the data coverage at low.

Scenario range: 794.05 KRW (bear) to 1,504 KRW (bull), the price of 3,990 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 49/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Obigo Inc. reported revenue of 33.5B KRW in FY2025 versus 7.7B KRW in FY2021, a compound +44.7%/yr. Reported net income was −1.9B KRW in FY2025.

Key figures

Market cap 51.9B KRW (≈ $38.3M) Micro · P/S ratio 1.27 · EPS (TTM) −68.69 KRW · Net margin −2.0% · Return on equity −7.0% · Return on assets (EBIT) −8.0% (5-year average) · Operating margin −10.4% · Revenue (TTM) 43.1B KRW.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (medium confidence).

What moves the price

The share trades about 39% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −70%, 352910 screens richer than that median.

Fair Value models

Bear 794.05 KRW Fair Value 1,203 KRW Bull 1,504 KRW
Price 3,990 KRW · Downside -69.8%
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.
Best data coverage
NCAV (Graham) 794.05 KRW 1,203 KRW 1,504 KRW 54
All 1 models by family
Asset-Based
NCAV (Graham) 794.05 KRW 1,203 KRW 1,504 KRW 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 49/100

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

Profitability 28
How much profit the company makes from its sales and capital
Quality Growth 59
Are margins and returns getting better?
Cashflow 4
Do the profits arrive as real cash?
Financial strength 71
Debt, balance sheet and risk of trouble
Investment 86
Does it invest with discipline instead of growing at any price?
Low Volatility 31
How calm the share price moves, does not count
Price momentum 42
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 27
Distance to the 52-week high, does not count
New shares 75
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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+132.5%
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.
+45.0%
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.
+22.7%
Start year 2020 (pandemic)
Revenue growth 6 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.
+21.9%
Profit margin (trend) ⓘ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.
−8.0% (2020) → −11.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

352910 screens overvalued: fair value 70% below the price. Compare with Microsoft Corporation →

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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.Software - Infrastructure · 346 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 49 · Below median
Fair Value upside −69.8% · Bottom 25%
Profitability
Return on assets −3.8% · Below median
Net margin (12 months) −2.0% · Below median
Operating margin (12 months) −10.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 33.4% · Top 25%

Valuation Multiplesvs Software - Infrastructure median · lower = cheaper

P/B 1.53× · Cheaper than median
P/S (12 months) 1.20× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 23
FUTURE (revenue growth)100 · sector 60
PAST (return on equity)0 · sector 23
HEALTH (low debt)100 · sector 98
DIVIDEND (yield)0 · sector 30

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

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Microsoft Corporation MSFT $530.61 $583.67 +10% vs 352910
Fortinet, Inc FTNT $118.84 $130.72 +10% vs 352910
Oracle Corporation ORCL $116.10 $111.97 −4% vs 352910
NetApp, Inc NTAP $169.19 $156.80 −7% vs 352910
Block, Inc XYZ $85.48 $76.43 −11% vs 352910
Synopsys, Inc SNPS $450.46 $288.23 −36% vs 352910
Zscaler, Inc ZS $197.66 $101.45 −49% vs 352910
Palantir Technologies Inc PLTR $160.38 $42.20 −74% vs 352910
CrowdStrike Holdings CRWD $216.90 $37.97 −82% vs 352910
Palo Alto Networks, Inc PANW $313.84 $39.54 −87% vs 352910

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Obigo Inc.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Obigo Inc. Fair Value". https://www.fairvalue-calculator.com/stock/352910

Frequently asked questions

Is Obigo Inc. (352910) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 1,203 KRW versus a price of 3,990 KRW, about 70% lower (overvalued).
What is the fair value of 352910?
Our model-based fair value for Obigo Inc. is 1,203 KRW (as of Nov 4, 2026), built from audited fundamentals. The current price: 3,990 KRW.
What is the quality score of 352910?
Obigo Inc. has a Quality Score of 49/100. 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 Obigo Inc. (352910)?
Our model-based price target is the fair value of 1,203 KRW (as of Nov 4, 2026) from 1 valuation models. Cautious scenario 794.05 KRW, optimistic scenario 1,504 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Obigo Inc. stock forecast for 2026?
Our models put fair value at 1,203 KRW, about 70% lower versus a price of 3,990 KRW (overvalued). Cautious scenario 794.05 KRW, optimistic scenario 1,504 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Obigo Inc. (352910)?
Obigo Inc. reported trailing-twelve-month revenue of about 43.1B KRW (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Obigo Inc. (352910)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Obigo Inc. it is 1,203 KRW per share (as of Nov 4, 2026), against a price of 3,990 KRW. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Obigo Inc. stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 352910 trades above its calculated fair value: price 3,990 KRW, fair value 1,203 KRW, a gap of about −70% (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 352910?
No. The price is what the market pays today (3,990 KRW); the fair value is what the company's own numbers justify (1,203 KRW). For Obigo Inc. the two are 2,787 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Obigo Inc. worth?
The market values Obigo Inc. at about 51.9B KRW (market capitalisation, as of Nov 4, 2026). Per share that is 3,990 KRW; our models calculate a fair value of 1,203 KRW per share.
What do the bullish and bearish scenarios say about 352910?
Our models span a range for Obigo Inc.: cautious scenario 794.05 KRW, base 1,203 KRW, optimistic 1,504 KRW per share (as of Nov 4, 2026, price 3,990 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Obigo Inc. (352910)?
Balance-sheet figures for Obigo Inc. (as of Nov 4, 2026): return on equity −7.0%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 352910 from its 52-week high?
Obigo Inc. trades at 3,990 KRW, about 39% below its 52-week high of 6,550 KRW and 21% above the low of 3,295 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 1,203 KRW is for.
Which stocks are comparable to Obigo Inc.?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, 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 Obigo Inc. stock attractive at the current price?
The data as of Nov 4, 2026: price 3,990 KRW, calculated fair value 1,203 KRW (−70%), Quality Score 49/100, from 1 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 352910 calculated?
We run Obigo Inc. through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 1,203 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. Obigo 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 Obigo Inc. (352910)?
The closing price on Nov 9, 2026 was 3,990 KRW. Our model-based fair value is 1,203 KRW, about 70% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Obigo Inc. right now?
The price sits above even our optimistic bull case (1,504 KRW). The favourable scenario is already priced in. Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (794.05 KRW to 1,504 KRW) leaves room in how you read the outcome.

Key figures of Obigo Inc.

How large is the market capitalisation of Obigo Inc. (352910)?
The market capitalisation of Obigo Inc. is 51.9B KRW (≈ $38.3M). 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 Obigo Inc. (352910)?
The price-to-sales ratio of Obigo Inc. is 1.27 (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 Obigo Inc. (352910)?
Earnings per share at Obigo Inc. are −68.69 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Obigo Inc. (352910)?
The net margin of Obigo Inc. is −2.0% (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 Obigo Inc. (352910)?
The return on equity (ROE) of Obigo Inc. is −7.0% (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 Obigo Inc. (352910)?
On an EBIT basis the return on assets of Obigo Inc. is −8.0% (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 Obigo Inc. (352910)?
The operating margin of Obigo Inc. is −10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Obigo Inc. (352910)?
Revenue at Obigo Inc. is growing +33.4% versus a year earlier (3y avg +45.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Obigo Inc. (352910) generate?
The free cash flow of Obigo Inc. is −1.8B 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 Obigo Inc. (352910) carry?
The net debt of Obigo Inc. is 78.5M 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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