Gelex Group JSC (GEX) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Gelex Group JSC stock VND 23,218, price VND 22,450, upside +3.4%, quality 30 out of 100. Rating: fairly valued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
- Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free
Gelex Group JSC
GEX · VNThe stock costs about what our calculation considers fair.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 6,980 VND – 45,103 VND · fair‑value band 16,253 VND – 29,649 VND · the 22,450 VND price screens below the 23,218 VND fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Every Wednesday you see whether Gelex Group JSC is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Company profile
GELEX Group Joint Stock Company primarily engages in the production and sale of electrical equipment principally in Vietnam. The company operates through Industrial Production, Real Estate, and Infrastructure segments. It also offers power cables, transformers, and electrical measuring equipment.
Show moreShow less
In addition, the company invests and develops in sectors, such as energy, industrial real estate, affordable housing, worker housing, mid-range residential projects, and social housing; and invests and operates hydropower, solar power, rooftop solar power, and wind power energy projects.
Further, it offers building materials, such as sanitary ceramics, shower faucet, autoclaved aerated concrete, sintered stone, ceramic tiles, energy-saving glass, and clear glass, as well as produces and supplies water.
Additionally, the company is involved in the development of various infrastructure projects, including transportation, urban infrastructure, energy, and telecommunication. It operates under the CADIVI, EMIC, THIBIDI, HEM, CFT, MEE, Viglacera, and Song Da Clean Water brands.
The company was formerly known as Vietnam Electrical Equipment Joint Stock Corporation. GELEX Group Joint Stock Company was founded in 1990 and is headquartered in Hanoi, Vietnam.
Stock analysis
Gelex Group JSC (GEX) currently trades at 22,450 VND, while our model-based Fair Value estimate is 23,218 VND, so the stock looks roughly fairly valued today (gap 3.3%).
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 24,736 VND per share, and 6 of the 16 models we run sit above the 22,450 VND price.
Bear case: the Dividend Discount group reads lowest at 7,924 VND, and 10 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: 16,253 VND (bear) to 29,649 VND (bull), the price of 22,450 VND 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 30/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Gelex Group JSC reported revenue of 39.5T VND in FY2025 versus 28.6T VND in FY2021, a compound +8.4%/yr. Reported net income was 1.5T VND in FY2025, compounding +9.2%/yr from FY2021.
Key figures
Market cap 29.4T VND (≈ $1.1B) Small · P/E ratio 30.2 · P/S ratio 0.58 · EPS (TTM) 743.94 VND · Dividend yield 8.1% · Net margin 2.0% · Return on equity 10.7% · Return on assets (EBIT) 5.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at 3%, GEX screens cheaper than that median.
Fair Value models
All 16 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Watch GEX, get fair value alerts →
Compare Gelex Group JSC with another stock
Price, fair value, quality and upside side by side.
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.Electrical Equipment & Parts · 564 stocks
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Return on assets by industry
- Fair value gap by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Industrials
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Contemporary Amperex Technology Co 300750 | ¥254.22 | ¥648.35 | +155% | vs GEX |
| Sungrow Power Supply Co 300274 | ¥81.97 | ¥182.32 | +122% | vs GEX |
| NARI Technology Co 600406 | ¥23.86 | ¥29.39 | +23% | vs GEX |
| Vertiv Holdings VRT | $182.86 | $178.64 | −2% | vs GEX |
| Legrand SA LR | €129.65 | €82.57 | −36% | vs GEX |
| Prysmian S.p.A PRY | €101.00 | €64.29 | −36% | vs GEX |
| ABB Ltd ABBN | CHF 66.98 | CHF 29.49 | −56% | vs GEX |
| Samsung SDI Co 006400 | 468,000 KRW | 153,766 KRW | −67% | vs GEX |
| Delta Electronics (Thailand) Public Company DELTA | 177.00 THB | 39.14 THB | −78% | vs GEX |
| LG Energy Solution, Ltd 373220 | 337,500 KRW | 53,325 KRW | −84% | vs GEX |
Explore undervalued stocks
More undervalued Industrials stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Gelex Group JSC (GEX) overvalued or undervalued?
What is the fair value of GEX?
What is the quality score of GEX?
What is the price target for Gelex Group JSC (GEX)?
What is the Gelex Group JSC stock forecast for 2026?
What is the revenue of Gelex Group JSC (GEX)?
Does Gelex Group JSC pay a dividend?
How much is the dividend of Gelex Group JSC (GEX)?
What is the intrinsic value of Gelex Group JSC (GEX)?
Is Gelex Group JSC stock overvalued or undervalued in 2026?
Is fair value the same as the market price of GEX?
How much is Gelex Group JSC worth?
What do the bullish and bearish scenarios say about GEX?
What is the P/E ratio of GEX?
How solid is the balance sheet of Gelex Group JSC (GEX)?
How far is GEX from its 52-week high?
Which stocks are comparable to Gelex Group JSC?
Is Gelex Group JSC stock attractive at the current price?
How is the fair value of GEX calculated?
Is it still worth investing in stocks now?
What is the share price of Gelex Group JSC (GEX)?
What should I pay attention to with Gelex Group JSC right now?
Key figures of Gelex Group JSC
How large is the market capitalisation of Gelex Group JSC (GEX)?
What is the P/S ratio of Gelex Group JSC (GEX)?
What are the earnings per share of Gelex Group JSC (GEX)?
What is the dividend yield of Gelex Group JSC (GEX)?
What is the net margin of Gelex Group JSC (GEX)?
What is the return on equity of Gelex Group JSC (GEX)?
What is the EBIT return on assets of Gelex Group JSC (GEX)?
What is the operating margin of Gelex Group JSC (GEX)?
How fast is revenue growing at Gelex Group JSC (GEX)?
How fast are earnings growing at Gelex Group JSC (GEX)?
How much free cash flow does Gelex Group JSC (GEX) generate?
How much net debt does Gelex Group JSC (GEX) carry?
Watch Gelex Group JSC in the live analysis
One click puts Gelex Group JSC on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.