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Charan Insurance Public Company Limited (CHARAN) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Charan Insurance Public Company Limited stock THB 30.41, price THB 20.50, upside +48.3%, quality 68 out of 100. Rating: undervalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services TH · ISIN TH0321010009

CI Charan Insurance Public Company Limited logo Thin data Nov 4, 2026

Charan Insurance Public Company Limited

CHARAN · BK
Meets all rules

The stock costs 33% less than our calculation considers fair.

Fair value 30.41 THB · Undervalued
Quality 68/100
Solidly profitable · 16.5% net margin (TTM)
Ranks above peers (9/13)
Costs just 3.5 times its yearly profit.
Expensive Growth (revenue YoY +41.4 %/yr in THB)
4.4% dividend yield · Watch coverage
Moderate moat 51/100 · thin data
Negative free cash flow
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

30.88 THB 10.71 THB Fair Value 30.41 THB Sep 2018 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range 10.71 THB – 30.88 THB · fair‑value band 22.81 THB – 38.01 THB · the 20.50 THB price screens below the 30.41 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

Charan Insurance Public Company Limited provides non-life insurance products in Thailand.

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The company offers home fire and fire products; marine cargo and logistics products; and motor insurance products, as well as all risks for SME. It also provides property, leasehold contingency, construction, machinery breakdown, electronic equipment, personal/group overseas travel, cancer, money, product liability, plate glass, hazardous substance road transport liability, fidelity, all-risks, terrorism property, pre-trial bail bond, billboard, workmen's compensation, and disease-specific health insurance products.

In addition, the company offers business interruption, small-business all-risks, contractors' equipment, boiler and pressure vessel, personal/group accident, travel accident, tour operators and guides' travel accident, third-party liability, burglary, compulsory lodging tenants', business liability, in-season rice and corn, gold shop, golfers, watercraft passenger, unemployment, directors and officers indemnity, unnamed driver and passenger accident, surveyors professional indemnity, and elderly care insurance products, as well as insurance for specific-purpose motor sea-craft.

Charan Insurance Public Company Limited was founded in 1949 and is headquartered in Bangkok, Thailand.

Stock analysis

Charan Insurance Public Company Limited (CHARAN) currently trades at 20.50 THB, while our model-based Fair Value estimate is 30.41 THB, implying the stock looks roughly 33% undervalued today.

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Valuation

Bull case: the Economic Profit group reads highest at a median of 36.45 THB per share, and 4 of the 4 models we run sit above the 20.50 THB price.

Bear case: the Multiples group reads lowest at 30.41 THB, and 0 of the 4 models stay below the price. Data coverage for this calculation is low.

Scenario range: 22.81 THB (bear) to 38.01 THB (bull), the price of 20.50 THB sits below 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 68/100 (solid quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Charan Insurance Public Company Limited reported revenue of 468M THB in FY2025 versus 164M THB in FY2021, a compound +30.1%/yr. Reported net income was 30.7M THB in FY2025.

Key figures

Market cap 246M THB (≈ $7.4M) Micro · P/E ratio 3.5 · P/S ratio 0.23 · EPS (TTM) 5.93 THB · Dividend yield 4.4% · Net margin 6.5% · Return on equity 11.3% · Return on assets (EBIT) 4.2% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).

What moves the price

The share trades about 4% below its 52-week high and 91% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −22% fair-value upside, at 48%, CHARAN screens cheaper than that median.

Fair Value models

Bear 22.81 THB Fair Value 30.41 THB Bull 38.01 THB
Price 20.50 THB · Upside +48.3%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (4.31 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.
Best data coverage
Residual Income 36.39 THB 36.45 THB 38.41 THB 76
P/E Multiple 24.91 THB 33.21 THB 41.51 THB 63
P/B Multiple 20.70 THB 27.60 THB 34.50 THB 55
All 4 models by family
Multiples
P/E Multiple 24.91 THB 33.21 THB 41.51 THB 63
P/B Multiple 20.70 THB 27.60 THB 34.50 THB 55
Asset-Based
NCAV (Graham) 24.42 THB 32.73 THB 48.85 THB 51
Economic Profit
Residual Income 36.39 THB 36.45 THB 38.41 THB 76

Open the full fair value analysis →

Quality Score breakdown

Overall quality 68/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 45
How much profit the company makes from its sales and capital
Quality Growth 98
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 80
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 54
How calm the share price moves, does not count
Price momentum 57
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 61
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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. Basis: EBIT basis. 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.
−13.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.8%
Dividend (yield on the price)4.4%
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.−9.8% vs 1.9%, slowing
Profit margin 2020 to 2025 ⓘ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.18% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)

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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 - Property & Casualty · 100 stocks

Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 68 · Above median
Fair Value upside +48.3% · Top 25%
Profitability
Return on equity (12 months) 11.3% · Below median
Return on assets 3.4% · Below median
Net margin (12 months) 16.5% · Top 25%
Operating margin (12 months) 17.6% · Above median
Growth and dividend
Revenue growth (quarter YoY) −26.3% · Bottom 25%
Dividend yield (12 months) 4.4% · Above median

Valuation Multiplesvs Insurance - Property & Casualty median · lower = cheaper

P/E (12 months) 3.5× · Cheapest 25%
P/B 0.42× · Cheapest 25%
P/S (12 months) 0.60× · Cheapest 25%
EV/EBITDA 2.5× · Cheapest 25%
PEG 1.88× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)98 · sector 8
FUTURE (revenue growth)0 · sector 25
PAST (return on equity)45 · sector 61
HEALTH (low debt)0 · sector 90
DIVIDEND (yield)88 · sector 47

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Insurance - Property & Casualty stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
The People's Insurance Company 601319 ¥7.26 ¥9.01 +24% vs CHARAN
Fairfax Financial Holdings FFH C$2,673 C$3,076 +15% vs CHARAN
The Allstate Corporation ALL $254.81 $290.52 +14% vs CHARAN
PICC Property and Casualty Company 2328 HK$17.25 HK$19.02 +10% vs CHARAN
Cincinnati Financial Corporation CINF $185.48 $144.19 −22% vs CHARAN
The Progressive Corporation PGR $227.77 $160.75 −29% vs CHARAN
Chubb Limited CB $365.02 $235.99 −35% vs CHARAN
The Travelers Companies, Inc TRV $395.20 $254.84 −36% vs CHARAN
Intact Financial Corporation IFC C$276.00 C$168.64 −39% vs CHARAN
W. R. Berkley Corporation WRB $75.23 $43.28 −42% vs CHARAN

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Charan Insurance Public Company Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Charan Insurance Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/CHARAN

Frequently asked questions

Is Charan Insurance Public Company Limited (CHARAN) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 30.41 THB versus a price of 20.50 THB, about +48% upside (undervalued).
What is the fair value of CHARAN?
Our model-based fair value for Charan Insurance Public Company Limited is 30.41 THB (as of Nov 4, 2026), built from audited fundamentals. The current price: 20.50 THB.
What is the quality score of CHARAN?
Charan Insurance Public Company Limited has a Quality Score of 68/100. 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 Charan Insurance Public Company Limited (CHARAN)?
Our model-based price target is the fair value of 30.41 THB (as of Nov 4, 2026) from 4 valuation models. Cautious scenario 22.81 THB, optimistic scenario 38.01 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Charan Insurance Public Company Limited stock forecast for 2026?
Our models put fair value at 30.41 THB, about +48% upside versus a price of 20.50 THB (undervalued). Cautious scenario 22.81 THB, optimistic scenario 38.01 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Charan Insurance Public Company Limited (CHARAN)?
Charan Insurance Public Company Limited reported trailing-twelve-month revenue of about 413M THB (latest available figure, as of Nov 4, 2026).
Does Charan Insurance Public Company Limited pay a dividend?
Charan Insurance Public Company Limited currently shows a dividend yield of 4.39% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Charan Insurance Public Company Limited (CHARAN) and when is the ex-dividend date?
Charan Insurance Public Company Limited pays a dividend of 0.9 THB per share a year, a dividend yield of 4.4%. The last ex-dividend date was May 7, 2026. The payout ratio is 15.2% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Charan Insurance Public Company Limited (CHARAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Charan Insurance Public Company Limited it is 30.41 THB per share (as of Nov 4, 2026), against a price of 20.50 THB. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Charan Insurance Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 4, 2026, CHARAN trades below its calculated fair value: price 20.50 THB, fair value 30.41 THB, a gap of about +48% (undervalued). 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 CHARAN?
No. The price is what the market pays today (20.50 THB); the fair value is what the company's own numbers justify (30.41 THB). For Charan Insurance Public Company Limited the two are 9.91 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Charan Insurance Public Company Limited worth?
The market values Charan Insurance Public Company Limited at about 246M THB (market capitalisation, as of Nov 4, 2026). Per share that is 20.50 THB; our models calculate a fair value of 30.41 THB per share.
What do the bullish and bearish scenarios say about CHARAN?
Our models span a range for Charan Insurance Public Company Limited: cautious scenario 22.81 THB, base 30.41 THB, optimistic 38.01 THB per share (as of Nov 4, 2026, price 20.50 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CHARAN?
Charan Insurance Public Company Limited trades at a price-to-earnings ratio of 3.5 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 30.41 THB is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings: 10.5. Other multiples: PEG 1.9, P/B 0.4, P/S 0.6, EV/EBITDA 2.5.
What is the PEG ratio of CHARAN?
The PEG ratio of Charan Insurance Public Company Limited is 1.88 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Charan Insurance Public Company Limited (CHARAN)?
Balance-sheet figures for Charan Insurance Public Company Limited (as of Nov 4, 2026): return on equity 11.3%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is CHARAN from its 52-week high?
Charan Insurance Public Company Limited trades at 20.50 THB, about 4% below its 52-week high of 21.40 THB and 91% above the low of 10.71 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 30.41 THB is for.
Which stocks are comparable to Charan Insurance Public Company Limited?
From the same area (Financial Services) we also value Chubb Limited, The Progressive Corporation, The Travelers Companies, Inc, The Allstate Corporation, 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 Charan Insurance Public Company Limited stock attractive at the current price?
The data as of Nov 4, 2026: price 20.50 THB, calculated fair value 30.41 THB (+48%), Quality Score 68/100, from 4 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 CHARAN calculated?
We run Charan Insurance Public Company Limited through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 30.41 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. Charan Insurance Public Company Limited currently trades 33% 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 Charan Insurance Public Company Limited (CHARAN)?
The closing price on Nov 6, 2026 was 20.50 THB. Our model-based fair value is 30.41 THB, about +48% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Charan Insurance Public Company Limited right now?
The price is below even our cautious bear case (22.81 THB). The market is more pessimistic than our downside scenario. 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 quality (68/100) at a price below fair value, the discount is the argument here, not the business quality. 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 Charan Insurance Public Company Limited

How large is the market capitalisation of Charan Insurance Public Company Limited (CHARAN)?
The market capitalisation of Charan Insurance Public Company Limited is 246M THB (≈ $7.4M). 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 Charan Insurance Public Company Limited (CHARAN)?
The price-to-sales ratio of Charan Insurance Public Company Limited is 0.23 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Charan Insurance Public Company Limited (CHARAN)?
Earnings per share at Charan Insurance Public Company Limited are 5.93 THB (price ÷ EPS = P/E 3.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Charan Insurance Public Company Limited (CHARAN)?
The dividend yield of Charan Insurance Public Company Limited is 4.4% (payout 15.2%). 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 Charan Insurance Public Company Limited (CHARAN)?
The net margin of Charan Insurance Public Company Limited is 6.5% (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 Charan Insurance Public Company Limited (CHARAN)?
The return on equity (ROE) of Charan Insurance Public Company Limited is 11.3% (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 Charan Insurance Public Company Limited (CHARAN)?
On an EBIT basis the return on assets of Charan Insurance Public Company Limited is 4.2% (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 Charan Insurance Public Company Limited (CHARAN)?
The operating margin of Charan Insurance Public Company Limited is 17.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Charan Insurance Public Company Limited (CHARAN)?
Revenue at Charan Insurance Public Company Limited is growing −26.3% versus a year earlier (3y avg −0.9%). 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 Charan Insurance Public Company Limited (CHARAN)?
Earnings per share at Charan Insurance Public Company Limited are growing +131% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Charan Insurance Public Company Limited (CHARAN) generate?
The free cash flow of Charan Insurance Public Company Limited is −26.0M THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Charan Insurance Public Company Limited (CHARAN) hold?
Charan Insurance Public Company Limited holds more cash than debt, 60.0M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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