Obzen Inc. (417860) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Obzen Inc. stock KRW 6,030, price KRW 6,170, that is 2.3% below the price, quality 43 out of 100. Rating: fairly valued. Calculated from audited financials with 12 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 3, 2026.
How to read this chart
45‑month range 5,920 KRW – 75,300 KRW · fair‑value band 5,689 KRW – 6,372 KRW · the 6,170 KRW price screens above the 6,030 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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OBZEN Inc., an enterprise software company, provides data, analysis, and marketing solutions in South Korea.
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It offers digital marketing solution; marketing automation solution; artificial intelligence (AI) model development, operation, and management automation solution; business intelligence solution; data preprocessing solution; and big data solution.
The company also provides system building services; and marketing consulting, AI analysis model, and marketing operation agency. It serves finance, distribution, telecommunication, and service industries. OBZEN Inc. was incorporated in 2000 and is based in Seoul, South Korea.
Stock analysis
Obzen Inc. (417860) currently trades at 6,170 KRW, while our model-based Fair Value estimate is 6,030 KRW, so the stock looks roughly fairly valued today (gap 2.3%).
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Valuation
Bull case: the DCF Models group reads highest at a median of 11,249 KRW per share, and 8 of the 12 models we run sit above the 6,170 KRW price.
Bear case: the Earnings-Based group reads lowest at 5,092 KRW, and 4 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 5,689 KRW (bear) to 6,372 KRW (bull), the price of 6,170 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 43/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Obzen Inc. reported revenue of 24.0B KRW in FY2025 versus 20.1B KRW in FY2021, a compound +4.6%/yr. Reported net income was −3.2B KRW in FY2025.
Key figures
Market cap 27.9B KRW (≈ $20.7M) Micro · P/S ratio 1.34 · EPS (TTM) −761.40 KRW · Net margin −16.0% · Return on equity −43.3% · Return on assets (EBIT) −18.3% (5-year average) · Operating margin 1.9% · Revenue (TTM) 22.4B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −2%, 417860 screens richer than that median.
Fair Value models
Bear5,689 KRWFair Value 6,030 KRWBull6,372 KRW
Price 6,170 KRW · Downside -2.3%
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.29/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+58.0%
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%
’21
’22
’23
’24
’25
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.
−15.7% (2021) → −27.3% (2024)
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
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−11.0%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −12.8% a year for the price.
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.Software - Application · 628 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside−2.3% · Above median
Profitability
Return on assets−5.9% · Bottom 25%
Net margin (12 months)−16.0% · Bottom 25%
Operating margin (12 months)1.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)35.0% · Top 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/B2.60× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)1.25× · Cheaper than median
Price / free cash flow (fiscal year)12.9× · Cheaper than median
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). "Obzen Inc. Fair Value". https://www.fairvalue-calculator.com/stock/417860
Frequently asked questions
Is Obzen Inc. (417860) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 6,030 KRW versus a price of 6,170 KRW, about 2% lower (fairly valued).
What is the fair value of 417860?
Our model-based fair value for Obzen Inc. is 6,030 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 6,170 KRW.
What is the quality score of 417860?
Obzen Inc. has a Quality Score of 43/100. 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 Obzen Inc. (417860)?
Our model-based price target is the fair value of 6,030 KRW (as of Nov 3, 2026) from 12 valuation models. Cautious scenario 5,689 KRW, optimistic scenario 6,372 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Obzen Inc. stock forecast for 2026?
Our models put fair value at 6,030 KRW, about 2% lower versus a price of 6,170 KRW (fairly valued). Cautious scenario 5,689 KRW, optimistic scenario 6,372 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Obzen Inc. (417860)?
Obzen Inc. reported trailing-twelve-month revenue of about 22.4B KRW (latest available figure, as of Nov 3, 2026).
What growth is priced into Obzen Inc. (417860)?
For today's price to be fair in a discounted-cash-flow model, Obzen Inc. would have to grow free cash flow by -11.0 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +4.6 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 417860 use?
Our models discount Obzen Inc. at 10.5 %: a base by market capitalisation (nano), damped by beta 1.15, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Obzen Inc. that is -11.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Obzen Inc. (417860) delivered so far?
Over the past 4 years revenue at Obzen Inc. grew +4.6 % a year. The price currently implies free-cash-flow growth of -11.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Obzen Inc. (417860) growing?
The median revenue growth in the sector is +16.8 % a year. That is the yardstick for the growth priced into Obzen Inc. (-11.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Obzen Inc. (417860)?
The free-cash-flow yield on the price is 7.86 %: that much free cash flow Obzen Inc. produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Obzen Inc. (417860)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Obzen Inc. it is 6,030 KRW per share (as of Nov 3, 2026), against a price of 6,170 KRW. It is the blended result of 12 valuation models in 5 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit).
Is Obzen Inc. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 417860 trades above its calculated fair value: price 6,170 KRW, fair value 6,030 KRW, a gap of about −2% (fairly valued). 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 417860?
No. The price is what the market pays today (6,170 KRW); the fair value is what the company's own numbers justify (6,030 KRW). For Obzen Inc. the two are 139.81 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Obzen Inc. worth?
The market values Obzen Inc. at about 27.9B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 6,170 KRW; our models calculate a fair value of 6,030 KRW per share.
What do the bullish and bearish scenarios say about 417860?
Our models span a range for Obzen Inc.: cautious scenario 5,689 KRW, base 6,030 KRW, optimistic 6,372 KRW per share (as of Nov 3, 2026, price 6,170 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Obzen Inc. (417860)?
Balance-sheet figures for Obzen Inc. (as of Nov 3, 2026): return on equity −43.3%. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 417860 from its 52-week high?
Obzen Inc. trades at 6,170 KRW, about 59% below its 52-week high of 15,030 KRW and 4% above the low of 5,920 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 6,030 KRW is for.
Which stocks are comparable to Obzen Inc.?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Obzen Inc. stock attractive at the current price?
The data as of Nov 3, 2026: price 6,170 KRW, calculated fair value 6,030 KRW (−2%), Quality Score 43/100, from 12 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 417860 calculated?
We run Obzen Inc. through 12 models from 5 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 6,030 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. Obzen 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 Obzen Inc. (417860)?
The closing price on Nov 6, 2026 was 6,170 KRW. Our model-based fair value is 6,030 KRW, about 2% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Obzen Inc. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (5,689 KRW to 6,372 KRW), unusually little disagreement for a valuation.
Key figures of Obzen Inc.
How large is the market capitalisation of Obzen Inc. (417860)?
The market capitalisation of Obzen Inc. is 27.9B KRW (≈ $20.7M). 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 Obzen Inc. (417860)?
The price-to-sales ratio of Obzen Inc. is 1.34 (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 Obzen Inc. (417860)?
Earnings per share at Obzen Inc. are −761.40 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Obzen Inc. (417860)?
The net margin of Obzen Inc. is −16.0% (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 Obzen Inc. (417860)?
The return on equity (ROE) of Obzen Inc. is −43.3% (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 Obzen Inc. (417860)?
On an EBIT basis the return on assets of Obzen Inc. is −18.3% (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 Obzen Inc. (417860)?
The operating margin of Obzen Inc. is 1.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Obzen Inc. (417860)?
Revenue at Obzen Inc. is growing +35.0% 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.
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Nov 3, 2026