Wangfujing (600859) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Wangfujing stock ¥8.57, price ¥9.78, that is 12.4% below the price, quality 55 out of 100. Rating: overvalued. Calculated from audited financials with 14 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 8, 2026.
How to read this chart
60‑month range ¥9.18 – ¥32.59 · fair‑value band ¥8.03 – ¥11.03 · the ¥9.78 price screens above the ¥8.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Wangfujing Group Co., Ltd. engages in retailing business in China. It operates department stores, shopping centers, outlets, supermarkets, etc. The company is also involved in the property leasing, duty free goods self-operated, and e-commerce business.
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Wangfujing Group Co., Ltd. was founded in 1993 and is based in Beijing, China.
Stock analysis
Wangfujing (600859) currently trades at ¥9.78, while our model-based Fair Value estimate is ¥8.57, 12% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥20.24 per share, and 10 of the 14 models we run sit above the ¥9.78 price.
Bear case: the Earnings-Based group reads lowest at ¥8.35, and 4 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥8.03 (bear) to ¥11.03 (bull), the price of ¥9.78 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.
Mixed Growth: Spin-off in 1997: revenue and profit before it include the divested business. Growth is measured afresh from 1997.
Wangfujing reported revenue of 10.1B CNY in FY2025 versus 12.8B CNY in FY2021, a compound −5.5%/yr. Reported net income was −39.9M CNY in FY2025.
Key figures
Market cap 11.0B CNY (≈ $1.6B) Small · P/S ratio 1.10 · EPS (TTM) ¥−0.0600 · Dividend yield 1.1% · Net margin −0.7% · Return on equity −0.1% · Return on assets (EBIT) 2.5% (5-year average) · Operating margin 6.1%.
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 40% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at −12%, 600859 screens richer than that median.
Fair Value models
Bear¥8.03Fair Value ¥8.57Bull¥11.03
Price ¥9.78 · Downside -12.4%
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.55/100
Spin-off in 1997: revenue and profit before it include the divested business. Growth is measured afresh from 1997.
Revenue growth 1 year
−10.7%
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.
−2.0%
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.
−2.5%
Start year 2020 (pandemic). Over 10 years: −5.2% a year
Revenue growth 28 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.
+6.7%
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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.
5.4% (2020) → 6.1% (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
Growth Forecast
Little optimism in the price
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).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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.Department Stores · 107 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside−12.4% · Below median
Profitability
Return on assets−0.1% · Bottom 25%
Net margin (12 months)−0.7% · Bottom 25%
Operating margin (12 months)6.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)−8.4% · Bottom 25%
Dividend yield (12 months)1.1% · Bottom 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Department Stores median · lower = cheaper
P/B0.57× · Cheapest 25%
P/S (12 months)1.12× · Pricier than median
Price / free cash flow (fiscal year)7.9× · 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). "Wangfujing Fair Value". https://www.fairvalue-calculator.com/stock/600859
Frequently asked questions
Is Wangfujing (600859) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ¥8.57 versus a price of ¥9.78, about 12% lower (overvalued).
What is the fair value of 600859?
Our model-based fair value for Wangfujing is ¥8.57 (as of Nov 8, 2026), built from audited fundamentals. The current price: ¥9.78.
What is the quality score of 600859?
Wangfujing 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 Wangfujing (600859)?
Our model-based price target is the fair value of ¥8.57 (as of Nov 8, 2026) from 14 valuation models. Cautious scenario ¥8.03, optimistic scenario ¥11.03. It is a calculation from audited fundamentals, not an analyst target.
What is the Wangfujing stock forecast for 2026?
Our models put fair value at ¥8.57, about 12% lower versus a price of ¥9.78 (overvalued). Cautious scenario ¥8.03, optimistic scenario ¥11.03. The calculation is refreshed regularly with new filings.
What is the revenue of Wangfujing (600859)?
Wangfujing reported trailing-twelve-month revenue of about 9.8B CNY (latest available figure, as of Nov 8, 2026).
Does Wangfujing pay a dividend?
Wangfujing currently shows a dividend yield of 1.11% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Wangfujing (600859)?
Wangfujing has a dividend yield of 1.1%.
What growth is priced into Wangfujing (600859)?
For today's price to be fair in a discounted-cash-flow model, Wangfujing would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.5 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 600859 use?
Our models discount Wangfujing at 10.6 %: a base by market capitalisation (small), damped by beta 0.55, country premium for China. 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 Wangfujing that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Wangfujing (600859) delivered so far?
Over the past 5 years revenue at Wangfujing grew -2.5 % a year. The price currently implies free-cash-flow growth of less than minus 40 % 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 Wangfujing (600859) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Wangfujing (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Wangfujing (600859)?
The free-cash-flow yield on the price is 12.66 %: that much free cash flow Wangfujing produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Wangfujing (600859)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wangfujing it is ¥8.57 per share (as of Nov 8, 2026), against a price of ¥9.78. It is the blended result of 14 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Wangfujing stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 600859 trades above its calculated fair value: price ¥9.78, fair value ¥8.57, a gap of about −12% (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 600859?
No. The price is what the market pays today (¥9.78); the fair value is what the company's own numbers justify (¥8.57). For Wangfujing the two are ¥1.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wangfujing worth?
The market values Wangfujing at about 11.0B CNY (market capitalisation, as of Nov 8, 2026). Per share that is ¥9.78; our models calculate a fair value of ¥8.57 per share.
What do the bullish and bearish scenarios say about 600859?
Our models span a range for Wangfujing: cautious scenario ¥8.03, base ¥8.57, optimistic ¥11.03 per share (as of Nov 8, 2026, price ¥9.78). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 600859?
The PEG ratio of Wangfujing is 0.88 (P/E divided by earnings growth, as of Nov 8, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Wangfujing (600859)?
Balance-sheet figures for Wangfujing (as of Nov 8, 2026): return on equity −0.1%, debt of 0.02 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is 600859 from its 52-week high?
Wangfujing trades at ¥9.78, about 40% below its 52-week high of ¥16.42 and 7% above the low of ¥9.18 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥8.57 is for.
Which stocks are comparable to Wangfujing?
From the same area (Consumer Cyclical) we also value Falabella S.A, Dillard's, Inc, 99 Speed Mart Retail Holdings, Macy's, 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 Wangfujing stock attractive at the current price?
The data as of Nov 8, 2026: price ¥9.78, calculated fair value ¥8.57 (−12%), Quality Score 55/100, from 14 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 600859 calculated?
We run Wangfujing through 14 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of ¥8.57 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. Wangfujing 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 Wangfujing (600859)?
The closing price on Nov 6, 2026 was ¥9.78. Our model-based fair value is ¥8.57, about 12% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wangfujing right now?
Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Wangfujing (600859) come from?
Earnings per share at Wangfujing grew −12.1 % a year from 2013 to 2024. Broken into its drivers: revenue per share −11.6 %, EBIT margin +2.7 %, tax rate −3.9 %, residual (interest, one-offs) +0.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Wangfujing
How large is the market capitalisation of Wangfujing (600859)?
The market capitalisation of Wangfujing is 11.0B CNY (≈ $1.6B). 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 Wangfujing (600859)?
The price-to-sales ratio of Wangfujing is 1.10 (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 Wangfujing (600859)?
Earnings per share at Wangfujing are ¥−0.0600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Wangfujing (600859)?
The dividend yield of Wangfujing is 1.1%. 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 Wangfujing (600859)?
The net margin of Wangfujing is −0.7% (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 Wangfujing (600859)?
The return on equity (ROE) of Wangfujing is −0.1% (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 Wangfujing (600859)?
On an EBIT basis the return on assets of Wangfujing is 2.5% (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 Wangfujing (600859)?
The operating margin of Wangfujing is 6.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wangfujing (600859)?
Revenue at Wangfujing is growing −8.4% versus a year earlier (3y avg −2.0%). 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 Wangfujing (600859)?
Earnings per share at Wangfujing are growing −89.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Wangfujing (600859) carry?
The net debt of Wangfujing is 1.4B CNY (fiscal year 2024, ≈ 1.0 yrs of FCF). 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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Some data
Nov 8, 2026