Bangkok Land Public Company Limited (BLAND) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bangkok Land Public Company Limited stock THB 0.19, price THB 0.49, that is 61.2% below the price, quality 59 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 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 0.3725 THB – 1.06 THB · fair‑value band 0.1200 THB – 0.2800 THB · the 0.4900 THB price screens above the 0.1900 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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Bangkok Land Public Company Limited engages in the real estate development, exhibition and convention, food and beverage sales, and hotel and education investment businesses in Thailand. It operates through Real Estate Business; Retail Business; Exhibition Center Business; and Other Service segments.
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The company develops residential properties, such as single houses, town houses, and condominiums; and commercial properties, including shop-houses, high rise office buildings, shopping complexes, and community and retail malls.
It also offers education, financing, project management, building management and maintenance, and property rental services; and real estate investment trust services. In addition, the company operates hotels, exhibition centers, and convention spaces, as well as a REIT manager.
Bangkok Land Public Company Limited was founded in 1973 and is based in Nonthaburi, Thailand.
Stock analysis
Bangkok Land Public Company Limited (BLAND) currently trades at 0.4900 THB, while our model-based Fair Value estimate is 0.1900 THB, 61% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 1.52 THB per share, and 4 of the 16 models we run sit above the 0.4900 THB price.
Bear case: the Dividend Discount group reads lowest at 0.0550 THB, and 12 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.1200 THB (bear) to 0.2800 THB (bull), the price of 0.4900 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 59/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bangkok Land Public Company Limited reported revenue of 4.6B THB in FY2026 versus 2.0B THB in FY2022, a compound +23.4%/yr. Reported net income was 660M THB in FY2026, compounding +3.6%/yr from FY2022.
Key figures
Market cap 8.5B THB (≈ $254M) Micro · P/E ratio 12.3 · P/S ratio 1.75 · EPS (TTM) 0.0400 THB · Dividend yield 2.7% · Net margin 15.6% · Return on equity 2.4% · Return on assets (EBIT) 2.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −61%, BLAND screens richer than that median.
Fair Value models
Bear0.1200 THBFair Value 0.1900 THBBull0.2800 THB
Price 0.4900 THB · Downside -61.2%
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 2026 figures (about 7 months old). Earnings retained since then (0.0165 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.75/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−11.3%
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.
+7.0%
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.
+8.2%
Start year 2021 (pandemic). Over 10 years: −0.9% a year
Revenue growth 26 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.
−3.9%
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What shareholders gained per year (last 5 years), in THB ⓘ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 THB: 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.
−3.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.9%
Dividend (yield on the price)2.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−5.9% vs −8.9%, picking up
Profit margin 2021 to 2026 ⓘ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.−7% → 10%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+7.3%
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 +6.1% a year for the price.
Compare Bangkok Land Public Company Limited with another stock
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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.Real Estate Services · 472 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−61.2% · Bottom 25%
Profitability
Return on equity (12 months)2.4% · Below median
Return on assets1.8% · Below median
Net margin (12 months)29.3% · Above median
Operating margin (12 months)32.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)18.7% · Top 25%
Dividend yield (12 months)2.7% · Below median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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). "Bangkok Land Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/BLAND
Frequently asked questions
Is Bangkok Land Public Company Limited (BLAND) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 0.1900 THB versus a price of 0.4900 THB, about 61% lower (overvalued).
What is the fair value of BLAND?
Our model-based fair value for Bangkok Land Public Company Limited is 0.1900 THB (as of Nov 8, 2026), built from audited fundamentals. The current price: 0.4900 THB.
What is the quality score of BLAND?
Bangkok Land Public Company Limited has a Quality Score of 59/100. 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 Bangkok Land Public Company Limited (BLAND)?
Our model-based price target is the fair value of 0.1900 THB (as of Nov 8, 2026) from 16 valuation models. Cautious scenario 0.1200 THB, optimistic scenario 0.2800 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Bangkok Land Public Company Limited stock forecast for 2026?
Our models put fair value at 0.1900 THB, about 61% lower versus a price of 0.4900 THB (overvalued). Cautious scenario 0.1200 THB, optimistic scenario 0.2800 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Bangkok Land Public Company Limited (BLAND)?
Bangkok Land Public Company Limited reported trailing-twelve-month revenue of about 4.9B THB (latest available figure, as of Nov 8, 2026).
Does Bangkok Land Public Company Limited pay a dividend?
Bangkok Land Public Company Limited currently shows a dividend yield of 2.65% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Bangkok Land Public Company Limited (BLAND) and when is the ex-dividend date?
Bangkok Land Public Company Limited pays a dividend of 0.013 THB per share a year, a dividend yield of 2.7%. The last ex-dividend date was Jul 27, 2026. The payout ratio is 32.5% of earnings. Free cash flow covers the dividend 3.04 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 Bangkok Land Public Company Limited (BLAND)?
For today's price to be fair in a discounted-cash-flow model, Bangkok Land Public Company Limited would have to grow free cash flow by +7.3 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of BLAND use?
Our models discount Bangkok Land Public Company Limited at 13.1 %: a base by market capitalisation (micro), damped by beta 0.30, 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 Bangkok Land Public Company Limited that is +7.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has Bangkok Land Public Company Limited (BLAND) delivered so far?
Over the past 5 years revenue at Bangkok Land Public Company Limited grew +8.2 % a year. The price currently implies free-cash-flow growth of +7.3 % 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 Bangkok Land Public Company Limited (BLAND) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Bangkok Land Public Company Limited (+7.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bangkok Land Public Company Limited (BLAND)?
The free-cash-flow yield on the price is 8.07 %: that much free cash flow Bangkok Land Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bangkok Land Public Company Limited (BLAND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bangkok Land Public Company Limited it is 0.1900 THB per share (as of Nov 8, 2026), against a price of 0.4900 THB. It is the blended result of 16 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Bangkok Land Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, BLAND trades above its calculated fair value: price 0.4900 THB, fair value 0.1900 THB, a gap of about −61% (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 BLAND?
No. The price is what the market pays today (0.4900 THB); the fair value is what the company's own numbers justify (0.1900 THB). For Bangkok Land Public Company Limited the two are 0.3000 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Bangkok Land Public Company Limited worth?
The market values Bangkok Land Public Company Limited at about 8.5B THB (market capitalisation, as of Nov 8, 2026). Per share that is 0.4900 THB; our models calculate a fair value of 0.1900 THB per share.
What do the bullish and bearish scenarios say about BLAND?
Our models span a range for Bangkok Land Public Company Limited: cautious scenario 0.1200 THB, base 0.1900 THB, optimistic 0.2800 THB per share (as of Nov 8, 2026, price 0.4900 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BLAND?
Bangkok Land Public Company Limited trades at a price-to-earnings ratio of 12.3 (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 0.1900 THB is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings: 16.1. Other multiples: P/B 0.2, P/S 3.3, EV/EBITDA 12.3.
How solid is the balance sheet of Bangkok Land Public Company Limited (BLAND)?
Balance-sheet figures for Bangkok Land Public Company Limited (as of Nov 8, 2026): return on equity 2.4%, debt of 0.08 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is BLAND from its 52-week high?
Bangkok Land Public Company Limited trades at 0.4900 THB, about 31% below its 52-week high of 0.7100 THB and 23% above the low of 0.4000 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1900 THB is for.
Which stocks are comparable to Bangkok Land Public Company Limited?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, 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 Bangkok Land Public Company Limited stock attractive at the current price?
The data as of Nov 8, 2026: price 0.4900 THB, calculated fair value 0.1900 THB (−61%), Quality Score 59/100, from 16 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 BLAND calculated?
We run Bangkok Land Public Company Limited through 16 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 0.1900 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 13.3% above its aggregate fair value. Bangkok Land 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 Bangkok Land Public Company Limited (BLAND)?
The closing price on Nov 6, 2026 was 0.4900 THB. Our model-based fair value is 0.1900 THB, about 61% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bangkok Land Public Company Limited right now?
The price sits above even our optimistic bull case (0.2800 THB). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (0.1200 THB to 0.2800 THB) leaves room in how you read the outcome.
Where does the earnings growth of Bangkok Land Public Company Limited (BLAND) come from?
Earnings per share at Bangkok Land Public Company Limited grew −9.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.5 %, EBIT margin +1.2 %, tax rate −5.9 %, residual (interest, one-offs) −6.8 %. 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 Bangkok Land Public Company Limited
How large is the market capitalisation of Bangkok Land Public Company Limited (BLAND)?
The market capitalisation of Bangkok Land Public Company Limited is 8.5B THB (≈ $254M). 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 Bangkok Land Public Company Limited (BLAND)?
The price-to-sales ratio of Bangkok Land Public Company Limited is 1.75 (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 Bangkok Land Public Company Limited (BLAND)?
Earnings per share at Bangkok Land Public Company Limited are 0.0400 THB (price ÷ EPS = P/E 12.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bangkok Land Public Company Limited (BLAND)?
The dividend yield of Bangkok Land Public Company Limited is 2.7% (payout 32.5%). 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 Bangkok Land Public Company Limited (BLAND)?
The net margin of Bangkok Land Public Company Limited is 15.6% (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 Bangkok Land Public Company Limited (BLAND)?
The return on equity (ROE) of Bangkok Land Public Company Limited is 2.4% (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 Bangkok Land Public Company Limited (BLAND)?
On an EBIT basis the return on assets of Bangkok Land Public Company Limited is 2.4% (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 Bangkok Land Public Company Limited (BLAND)?
The operating margin of Bangkok Land Public Company Limited is 32.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bangkok Land Public Company Limited (BLAND)?
Revenue at Bangkok Land Public Company Limited is growing +18.7% versus a year earlier (3y avg +7.0%). 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 Bangkok Land Public Company Limited (BLAND)?
Earnings per share at Bangkok Land Public Company Limited are growing +103% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bangkok Land Public Company Limited (BLAND) carry?
The net debt of Bangkok Land Public Company Limited is 1.9B THB (fiscal year 2026, ≈ 2.7 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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Thin data
Nov 8, 2026