Country Group Holdings Public Company Limited (CGH) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Country Group Holdings Public Company Limited stock THB 0.71, price THB 0.69, upside +2.7%, quality 45 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. 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 10, 2026.
How to read this chart
60‑month range 0.4100 THB – 2.00 THB · fair‑value band 0.5316 THB – 0.8860 THB · the 0.6900 THB price screens below the 0.7088 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Country Group Holdings Public Company Limited, through its subsidiaries, engages in the securities brokerage business in Thailand. The company operates through four segments: Securities and Derivatives Brokerage, Investment Banking, Securities and Derivatives Trading, and Digital Asset Trading.
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It offers digital assets brokerage, underwriting, financial advisory, investment banking, pawnbroking, and securities borrowing and lending services.
The company also invests in securities, digital assets, debt instruments, and equity derivatives; and operates as real estate agents and brokers, as well as financial asset trading platforms. Country Group Holdings Public Company Limited was incorporated in 2014 and is based in Bangkok, Thailand.
Stock analysis
Country Group Holdings Public Company Limited (CGH) currently trades at 0.6900 THB, while our estimate is 0.7088 THB, so the stock looks roughly fairly valued today (gap 2.7%).
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Valuation
None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.
Scenario range: 0.5316 THB (bear) to 0.8860 THB (bull), the price of 0.6900 THB 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 45/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2017: revenue and profit before it include the divested business. Growth is measured afresh from 2017.
Country Group Holdings Public Company Limited reported revenue of 1.4B THB in FY2025 versus 1.7B THB in FY2021, a compound −4.9%/yr. Reported net income was −194M THB in FY2025.
Key figures
Market cap 2.9B THB (≈ $85.3M) Micro · P/S ratio 2.23 · EPS (TTM) −0.0200 THB · Net margin −13.8% · Return on equity −2.6% · Return on assets (EBIT) 1.0% (5-year average) · Operating margin −1,303% · Revenue (TTM) 1.3B THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 17 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 68% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 3%, CGH screens cheaper than that median.
Fair Value
Bear0.5316 THBFair Value 0.7088 THBBull0.8860 THB
Price 0.6900 THB · Upside +2.7%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.
Quality Score breakdown
Overall quality45/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability5
How much profit the company makes from its sales and capital
Quality Growth9
Are margins and returns getting better?
Cashflow35
Do the profits arrive as real cash?
Financial strength75
Debt, balance sheet and risk of trouble
Investment90
Does it invest with discipline instead of growing at any price?
Low Volatility72
How calm the share price moves, does not count
Price momentum82
Price momentum of the last 3 to 12 months, does not count
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 2017: revenue and profit before it include the divested business. Growth is measured afresh from 2017.
Revenue growth 1 year
−16.4%
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.
−1.8%
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.
+1.3%
Start year 2020 (pandemic)
Revenue growth 8 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.
+12.2%
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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.
16.3% (2020) → −9.6% (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
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).
+9.9%
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 +8.6% a year for the price.
Compare Country Group 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.Capital Markets · 455 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+2.7% · Above median
Profitability
Return on assets−2.1% · Bottom 25%
Net margin (12 months)−0.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)17.6% · Above median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Capital Markets 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). "Country Group Holdings Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/CGH
Frequently asked questions
Is Country Group Holdings Public Company Limited (CGH) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is 0.7088 THB versus a price of 0.6900 THB, about +3% upside (fairly valued).
What is the fair value of CGH?
Our estimate for Country Group Holdings Public Company Limited is 0.7088 THB (as of Nov 10, 2026), built from audited fundamentals. The current price: 0.6900 THB.
What is the quality score of CGH?
Country Group Holdings Public Company Limited has a Quality Score of 45/100. 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 Country Group Holdings Public Company Limited (CGH)?
Our calculated price target is the estimate of 0.7088 THB (as of Nov 10, 2026). Cautious scenario 0.5316 THB, optimistic scenario 0.8860 THB. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Country Group Holdings Public Company Limited stock forecast for 2026?
Our estimate puts fair value at 0.7088 THB, about +3% upside versus a price of 0.6900 THB (fairly valued). Cautious scenario 0.5316 THB, optimistic scenario 0.8860 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Country Group Holdings Public Company Limited (CGH)?
Country Group Holdings Public Company Limited reported trailing-twelve-month revenue of about 1.3B THB (latest available figure, as of Nov 10, 2026).
What growth is priced into Country Group Holdings Public Company Limited (CGH)?
For today's price to be fair in a discounted-cash-flow model, Country Group Holdings Public Company Limited would have to grow free cash flow by +9.9 % 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 +1.3 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of CGH use?
Our models discount Country Group Holdings Public Company Limited at 13.1 %: a base by market capitalisation (micro), damped by beta 0.29, 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 Country Group Holdings Public Company Limited that is +9.9 % 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 Country Group Holdings Public Company Limited (CGH) delivered so far?
Over the past 5 years revenue at Country Group Holdings Public Company Limited grew +1.3 % a year. The price currently implies free-cash-flow growth of +9.9 % 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 Country Group Holdings Public Company Limited (CGH) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into Country Group Holdings Public Company Limited (+9.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Country Group Holdings Public Company Limited (CGH)?
The free-cash-flow yield on the price is 2.61 %: that much free cash flow Country Group Holdings 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 Country Group Holdings Public Company Limited (CGH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Country Group Holdings Public Company Limited it is 0.7088 THB per share (as of Nov 10, 2026), against a price of 0.6900 THB.
Is Country Group Holdings Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, CGH trades below its calculated fair value: price 0.6900 THB, fair value 0.7088 THB, a gap of about +3% (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 CGH?
No. The price is what the market pays today (0.6900 THB); the fair value is what the company's own numbers justify (0.7088 THB). For Country Group Holdings Public Company Limited the two are 0.0188 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Country Group Holdings Public Company Limited worth?
The market values Country Group Holdings Public Company Limited at about 2.9B THB (market capitalisation, as of Nov 10, 2026). Per share that is 0.6900 THB; our models calculate a fair value of 0.7088 THB per share.
What do the bullish and bearish scenarios say about CGH?
Our models span a range for Country Group Holdings Public Company Limited: cautious scenario 0.5316 THB, base 0.7088 THB, optimistic 0.8860 THB per share (as of Nov 10, 2026, price 0.6900 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Country Group Holdings Public Company Limited (CGH)?
Balance-sheet figures for Country Group Holdings Public Company Limited (as of Nov 10, 2026): return on equity −2.6%, debt of 0.03 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is CGH from its 52-week high?
Country Group Holdings Public Company Limited trades at 0.6900 THB, about 7% below its 52-week high of 0.7400 THB and 68% above the low of 0.4100 THB (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of 0.7088 THB is for.
Which stocks are comparable to Country Group Holdings Public Company Limited?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Country Group Holdings Public Company Limited stock attractive at the current price?
The data as of Nov 10, 2026: price 0.6900 THB, calculated fair value 0.7088 THB (+3%), Quality Score 45/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Country Group Holdings Public Company Limited currently trades 3% below its own fair value, and the market average says nothing about that. 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 Country Group Holdings Public Company Limited (CGH)?
The closing price on Nov 10, 2026 was 0.6900 THB. Our estimate is 0.7088 THB, about +3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Country Group Holdings Public Company Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 Country Group Holdings Public Company Limited
How large is the market capitalisation of Country Group Holdings Public Company Limited (CGH)?
The market capitalisation of Country Group Holdings Public Company Limited is 2.9B THB (≈ $85.3M). 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 Country Group Holdings Public Company Limited (CGH)?
The price-to-sales ratio of Country Group Holdings Public Company Limited is 2.23 (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 Country Group Holdings Public Company Limited (CGH)?
Earnings per share at Country Group Holdings Public Company Limited are −0.0200 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Country Group Holdings Public Company Limited (CGH)?
The net margin of Country Group Holdings Public Company Limited is −13.8% (fiscal year 2025). 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 Country Group Holdings Public Company Limited (CGH)?
The return on equity (ROE) of Country Group Holdings Public Company Limited is −2.6% (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 Country Group Holdings Public Company Limited (CGH)?
On an EBIT basis the return on assets of Country Group Holdings Public Company Limited is 1.0% (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 Country Group Holdings Public Company Limited (CGH)?
The operating margin of Country Group Holdings Public Company Limited is −1,303% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Country Group Holdings Public Company Limited (CGH)?
Revenue at Country Group Holdings Public Company Limited is growing +17.6% versus a year earlier (3y avg −1.8%). 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 Country Group Holdings Public Company Limited (CGH)?
Earnings per share at Country Group Holdings Public Company Limited are growing +394% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Country Group Holdings Public Company Limited (CGH) carry?
The net debt of Country Group Holdings Public Company Limited is 299M THB (fiscal year 2025, ≈ 4.0 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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Thin data
Nov 10, 2026