BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of BKI HOLDINGS PUBLIC COMPANY LIMITED stock THB 255, price THB 398, that is 35.9% below the price, quality 62 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 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
29‑month range 240.42 THB – 399.00 THB · fair‑value band 234.71 THB – 289.65 THB · the 398.00 THB price screens above the 255.09 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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BKI Holdings Public Company Limited engages in the provision of non-life insurance in Thailand. It operates through Motor, Non-motor, Total insurance segments, and Others segments.
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The company offers travel accident, personal accident, motor, health, property, third party liability, business all risks, engineering, marine and cargo, aviation, transportation, and miscellaneous insurance products, as well as insurance for homes, shops, and business establishments.
BKI Holdings Public Company Limited was incorporated in 1947 and is headquartered in Bangkok, Thailand.
Stock analysis
BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH) currently trades at 398.00 THB, while our model-based Fair Value estimate is 255.09 THB, 36% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 384.88 THB per share, and 0 of the 6 models we run sit above the 398.00 THB price.
Bear case: the Dividend Discount group reads lowest at 172.26 THB, and 6 of the 6 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 234.71 THB (bear) to 289.65 THB (bull), the price of 398.00 THB 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 62/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
BKI HOLDINGS PUBLIC COMPANY LIMITED reported revenue of 23.0B THB in FY2025 versus 20.6B THB in FY2023, a compound +5.6%/yr. Reported net income was 3.1B THB in FY2025, compounding +0.3%/yr from FY2023.
Key figures
Market cap 41.4B THB (≈ $1.2B) Small · P/E ratio 10.5 · P/S ratio 1.24 · EPS (TTM) 37.89 THB · Dividend yield 2.5% · Net margin 11.8% · Return on equity 13.5% · Return on assets 4.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −36%, BKIH screens richer than that median.
Fair Value models
Bear234.71 THBFair Value 255.09 THBBull289.65 THB
Price 398.00 THB · Downside -35.9%
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 (23.84 THB 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.40/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+12.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +10.7% a year for the price.
Compare BKI HOLDINGS PUBLIC COMPANY LIMITED with another stock
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.Insurance - Diversified · 73 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−35.9% · Below median
Profitability
Return on equity (12 months)13.5% · Above median
Return on assets4.9% · Above median
Net margin (12 months)11.8% · Above median
Operating margin (12 months)18.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)−1.9% · Below median
Dividend yield (12 months)2.5% · Below median
Valuation Multiplesvs Insurance - Diversified median · lower = cheaper
P/E (12 months)10.5× · Cheaper than median
P/B1.42× · Cheaper than median
P/S (12 months)1.24× · Pricier than median
Price / free cash flow (fiscal year)18.5× · Pricier than median
EV/EBITDA8.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)0· sector 38
PAST (return on equity)54· sector 54
HEALTH (low debt)0· sector 89
DIVIDEND (yield)50· sector 73
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). "BKI HOLDINGS PUBLIC COMPANY LIMITED Fair Value". https://www.fairvalue-calculator.com/stock/BKIH
Frequently asked questions
Is BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 255.09 THB versus a price of 398.00 THB, about 36% lower (overvalued).
What is the fair value of BKIH?
Our model-based fair value for BKI HOLDINGS PUBLIC COMPANY LIMITED is 255.09 THB (as of Nov 8, 2026), built from audited fundamentals. The current price: 398.00 THB.
What is the quality score of BKIH?
BKI HOLDINGS PUBLIC COMPANY LIMITED has a Quality Score of 62/100. 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 BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
Our model-based price target is the fair value of 255.09 THB (as of Nov 8, 2026) from 6 valuation models. Cautious scenario 234.71 THB, optimistic scenario 289.65 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the BKI HOLDINGS PUBLIC COMPANY LIMITED stock forecast for 2026?
Our models put fair value at 255.09 THB, about 36% lower versus a price of 398.00 THB (overvalued). Cautious scenario 234.71 THB, optimistic scenario 289.65 THB. The calculation is refreshed regularly with new filings.
What is the revenue of BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
BKI HOLDINGS PUBLIC COMPANY LIMITED reported trailing-twelve-month revenue of about 33.3B THB (latest available figure, as of Nov 8, 2026).
Does BKI HOLDINGS PUBLIC COMPANY LIMITED pay a dividend?
BKI HOLDINGS PUBLIC COMPANY LIMITED currently shows a dividend yield of 2.51% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH) and when is the ex-dividend date?
BKI HOLDINGS PUBLIC COMPANY LIMITED pays a dividend of 10.00 THB per share a year, a dividend yield of 2.5%. The last ex-dividend date was Aug 20, 2026. The payout ratio is 26.4% of earnings. Free cash flow covers the dividend 2.15 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
For today's price to be fair in a discounted-cash-flow model, BKI HOLDINGS PUBLIC COMPANY LIMITED would have to grow free cash flow by +12.0 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +5.6 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of BKIH use?
Our models discount BKI HOLDINGS PUBLIC COMPANY LIMITED at 11.6 %: a base by market capitalisation (small), damped by beta 0.13, country premium for Thailand. 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 BKI HOLDINGS PUBLIC COMPANY LIMITED that is +12.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH) delivered so far?
Over the past 2 years revenue at BKI HOLDINGS PUBLIC COMPANY LIMITED grew +5.6 % a year. The price currently implies free-cash-flow growth of +12.0 % 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 BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH) growing?
The median revenue growth in the sector is +6.0 % a year. That is the yardstick for the growth priced into BKI HOLDINGS PUBLIC COMPANY LIMITED (+12.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
The free-cash-flow yield on the price is 5.40 %: that much free cash flow BKI HOLDINGS PUBLIC COMPANY LIMITED produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BKI HOLDINGS PUBLIC COMPANY LIMITED it is 255.09 THB per share (as of Nov 8, 2026), against a price of 398.00 THB. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is BKI HOLDINGS PUBLIC COMPANY LIMITED stock overvalued or undervalued in 2026?
As of Nov 8, 2026, BKIH trades above its calculated fair value: price 398.00 THB, fair value 255.09 THB, a gap of about −36% (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 BKIH?
No. The price is what the market pays today (398.00 THB); the fair value is what the company's own numbers justify (255.09 THB). For BKI HOLDINGS PUBLIC COMPANY LIMITED the two are 142.91 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is BKI HOLDINGS PUBLIC COMPANY LIMITED worth?
The market values BKI HOLDINGS PUBLIC COMPANY LIMITED at about 41.4B THB (market capitalisation, as of Nov 8, 2026). Per share that is 398.00 THB; our models calculate a fair value of 255.09 THB per share.
What do the bullish and bearish scenarios say about BKIH?
Our models span a range for BKI HOLDINGS PUBLIC COMPANY LIMITED: cautious scenario 234.71 THB, base 255.09 THB, optimistic 289.65 THB per share (as of Nov 8, 2026, price 398.00 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BKIH?
BKI HOLDINGS PUBLIC COMPANY LIMITED trades at a price-to-earnings ratio of 10.5 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 255.09 THB is built from several models across several years. Other multiples: P/B 1.4, P/S 1.2, EV/EBITDA 8.5.
How solid is the balance sheet of BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
Balance-sheet figures for BKI HOLDINGS PUBLIC COMPANY LIMITED (as of Nov 8, 2026): return on equity 13.5%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is BKIH from its 52-week high?
BKI HOLDINGS PUBLIC COMPANY LIMITED trades at 398.00 THB, at its 52-week high of 399.00 THB and 41% above the low of 281.28 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 255.09 THB is for.
Which stocks are comparable to BKI HOLDINGS PUBLIC COMPANY LIMITED?
From the same area (Financial Services) we also value Allianz SE, Zurich Insurance Group, AXA SA, Assicurazioni Generali S.p.A, 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 BKI HOLDINGS PUBLIC COMPANY LIMITED stock attractive at the current price?
The data as of Nov 8, 2026: price 398.00 THB, calculated fair value 255.09 THB (−36%), Quality Score 62/100, from 6 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 BKIH calculated?
We run BKI HOLDINGS PUBLIC COMPANY LIMITED through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 255.09 THB 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. BKI HOLDINGS PUBLIC COMPANY LIMITED 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 BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
The closing price on Nov 6, 2026 was 398.00 THB. Our model-based fair value is 255.09 THB, about 36% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BKI HOLDINGS PUBLIC COMPANY LIMITED right now?
The price sits above even our optimistic bull case (289.65 THB). The favourable scenario is already priced in. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of BKI HOLDINGS PUBLIC COMPANY LIMITED
How large is the market capitalisation of BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
The market capitalisation of BKI HOLDINGS PUBLIC COMPANY LIMITED is 41.4B THB (≈ $1.2B). 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 BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
The price-to-sales ratio of BKI HOLDINGS PUBLIC COMPANY LIMITED is 1.24 (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 BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
Earnings per share at BKI HOLDINGS PUBLIC COMPANY LIMITED are 37.89 THB (price ÷ EPS = P/E 10.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
The dividend yield of BKI HOLDINGS PUBLIC COMPANY LIMITED is 2.5% (payout 26.4%). 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 BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
The net margin of BKI HOLDINGS PUBLIC COMPANY LIMITED is 11.8% (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 BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
The return on equity (ROE) of BKI HOLDINGS PUBLIC COMPANY LIMITED is 13.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
The return on assets (ROA) of BKI HOLDINGS PUBLIC COMPANY LIMITED is 4.7% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
The operating margin of BKI HOLDINGS PUBLIC COMPANY LIMITED is 18.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
Revenue at BKI HOLDINGS PUBLIC COMPANY LIMITED is growing −1.9% versus a year earlier. 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 BKI HOLDINGS PUBLIC COMPANY LIMITED (BKIH)?
Earnings per share at BKI HOLDINGS PUBLIC COMPANY LIMITED are growing +30.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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Nov 8, 2026