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PROEN Corp Public Company Limited (PROEN) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of PROEN Corp Public Company Limited stock THB 0.23, price THB 0.70, that is 67.1% below the price, quality 35 out of 100. Rating: strongly overvalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.

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Communication Services TH

PC PROEN Corp Public Company Limited logo Thin data Nov 4, 2026

PROEN Corp Public Company Limited

PROEN · BK
Very expensive, weak quality

Our calculation puts a fair price 67% below what the stock costs today.

Low debt
Loss over the last twelve months · -10.9% net margin (TTM) · fiscal year 2025 0.7%
Revenue last quarter 18% below a year ago.
Fair value 0.2300 THB · Strongly overvalued
Quality 35/100
Weak Growth (revenue 5y −10.7 %/yr in THB)
Negative free cash flow
Trails peers (3/10)
Narrow moat 14/100 · thin data
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

9.22 THB 0.6800 THB Fair Value 0.2300 THB Jun 2021 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 0.6800 THB – 9.22 THB · fair‑value band 0.1700 THB – 0.2900 THB · the 0.7000 THB price screens above the 0.2300 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

PROEN Corp Public Company Limited, together with its subsidiaries, engages in the distribution of IT equipment in Thailand. It operates through three segments: IT Equipment Distribution; Internet Data Center and Related Services; and Construction.

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The company provides internet data centers; DevOps; database as a service, S3 storage, backup as a service, DR as a service, and data warehouse development; security, such as security service edge, WAF and DDoS protection, manage detect and response, zero trust network access, secure access service edge, vulnerability management, penetration test, and single sign-on as a service; and telecommunication services, including site preparation, electrical and transmission, pipe jacking, and telecom equipment installation and wireless backhaul services.

It also offers digital solutions, which include smart city and IoT solutions, as well as c. The company also offers computer and technology training, teaching, and consulting services; purchases, sells, and services machinery and other equipment for construction works; and provides construction services.

The company was formerly known as Proimage Engineering and Communication Company Limited. PROEN Corp Public Company Limited was founded in 1997 and is based in Bangkok, Thailand.

Stock analysis

PROEN Corp Public Company Limited (PROEN) currently trades at 0.7000 THB, while our model-based Fair Value estimate is 0.2300 THB, 67% 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 0.8700 THB per share, and 2 of the 8 models we run sit above the 0.7000 THB price.

Bear case: the Earnings-Based group reads lowest at 0.0900 THB, and 6 of the 8 models stay below the price. Data coverage for this calculation is low.

Scenario range: 0.1700 THB (bear) to 0.2900 THB (bull), the price of 0.7000 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 35/100 (below-average quality), in the Communication Services sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

PROEN Corp Public Company Limited reported revenue of 567M THB in FY2025 versus 1.1B THB in FY2021, a compound −14.4%/yr. Reported net income was 4.1M THB in FY2025, compounding −38.6%/yr from FY2021.

Key figures

Market cap 275M THB (≈ $8.2M) Micro · P/S ratio 0.63 · EPS (TTM) −0.1300 THB · Net margin −10.9% · Return on equity −8.7% · Return on assets (EBIT) 2.3% (5-year average) · Operating margin −18.8% · Revenue (TTM) 459M THB.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 14 out of 100 (low confidence).

What moves the price

The share trades about 47% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Communication Services peers we cover trades at 51% fair-value upside, at −67%, PROEN screens richer than that median.

Fair Value models

Bear 0.1700 THB Fair Value 0.2300 THB Bull 0.2900 THB
Price 0.7000 THB · Downside -67.1%
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. 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 0.8200 THB 0.8700 THB 0.9400 THB 76
Graham-Dodd 0.0700 THB 0.0900 THB 0.1000 THB 67
Growth-Adj P/E 0.1200 THB 0.1800 THB 0.2300 THB 67
All 8 models by family
Earnings-Based
Graham-Dodd 0.0700 THB 0.0900 THB 0.1000 THB 67
Multiples
P/E Multiple 0.1700 THB 0.2300 THB 0.2900 THB 63
P/S Multiple 0.1300 THB 0.1800 THB 0.2200 THB 58
P/B Multiple 3.88 THB 5.18 THB 6.47 THB 55
EV/EBITDA 0.1700 THB 0.2500 THB 0.3300 THB 66
Asset-Based
NCAV (Graham) 0.3100 THB 0.4700 THB 0.5900 THB 54
Economic Profit
Residual Income 0.8200 THB 0.8700 THB 0.9400 THB 76
Growth Earnings
Growth-Adj P/E 0.1200 THB 0.1800 THB 0.2300 THB 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 35/100

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

Profitability 20
How much profit the company makes from its sales and capital
Quality Growth 32
Are margins and returns getting better?
Cashflow 3
Do the profits arrive as real cash?
Financial strength 58
Debt, balance sheet and risk of trouble
Investment 63
Does it invest with discipline instead of growing at any price?
Low Volatility 71
How calm the share price moves, does not count
Price momentum 9
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 61
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. 14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−19.9%
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.
−28.2%
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.
−10.7%
Start year 2020 (pandemic)
Revenue growth 9 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.
+7.5%
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.
−44.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−44.6%
Dividend (yield on the price)0.0%
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.−44.6% vs −28.3%, 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.7% → −2%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 12.7%/yr over ~7Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

PROEN screens overvalued: fair value 67% below the price. Compare with China Mobile Limited →

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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.Telecom Services · 234 stocks

Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 35 · Bottom 25%
Fair Value upside −66.2% · Bottom 25%
Profitability
Return on assets 0.3% · Below median
Net margin (12 months) −10.9% · Bottom 25%
Operating margin (12 months) −18.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −18.3% · Bottom 25%
Balance sheet
Debt / equity 0.05× · Below median

Valuation Multiplesvs Telecom Services median · lower = cheaper

P/B 0.46× · Cheapest 25%
P/S (12 months) 0.58× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 44
FUTURE (revenue growth)0 · sector 23
PAST (return on equity)0 · sector 33
HEALTH (low debt)97 · sector 83
DIVIDEND (yield)0 · sector 72

VALUE 0: the price sits above our fair-value range.

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 Telecom Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Comcast Corporation CMCSA $24.39 $73.17 +200% vs PROEN
T-Mobile US, Inc TMUS $162.01 $272.88 +68% vs PROEN
AT&T Inc T $21.63 $34.27 +58% vs PROEN
China Mobile Limited 0941 HK$81.10 HK$126.41 +56% vs PROEN
Verizon Communications Inc VZ $45.69 $69.14 +51% vs PROEN
China Telecom Corporation 601728 ¥6.91 ¥8.36 +21% vs PROEN
Bharti Airtel Limited BHARTIARTL ₹2,107 ₹1,701 −19% vs PROEN
Saudi Telecom Company 7010 41.20 SAR 32.49 SAR −21% vs PROEN
Swisscom AG SCMN CHF 720.00 CHF 505.18 −30% vs PROEN
Singapore Telecommunications Limited Z74 4.09 SGD 2.16 SGD −47% vs PROEN

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

Frequently asked questions

Is PROEN Corp Public Company Limited (PROEN) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 0.2300 THB versus a price of 0.7000 THB, about 67% lower (overvalued).
What is the fair value of PROEN?
Our model-based fair value for PROEN Corp Public Company Limited is 0.2300 THB (as of Nov 4, 2026), built from audited fundamentals. The current price: 0.7000 THB.
What is the quality score of PROEN?
PROEN Corp Public Company Limited has a Quality Score of 35/100. 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 PROEN Corp Public Company Limited (PROEN)?
Our model-based price target is the fair value of 0.2300 THB (as of Nov 4, 2026) from 8 valuation models. Cautious scenario 0.1700 THB, optimistic scenario 0.2900 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the PROEN Corp Public Company Limited stock forecast for 2026?
Our models put fair value at 0.2300 THB, about 67% lower versus a price of 0.7000 THB (overvalued). Cautious scenario 0.1700 THB, optimistic scenario 0.2900 THB. The calculation is refreshed regularly with new filings.
What is the revenue of PROEN Corp Public Company Limited (PROEN)?
PROEN Corp Public Company Limited reported trailing-twelve-month revenue of about 459M THB (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of PROEN Corp Public Company Limited (PROEN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PROEN Corp Public Company Limited it is 0.2300 THB per share (as of Nov 4, 2026), against a price of 0.7000 THB. It is the blended result of 8 valuation models in 5 families (Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is PROEN Corp Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 4, 2026, PROEN trades above its calculated fair value: price 0.7000 THB, fair value 0.2300 THB, a gap of about −67% (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 PROEN?
No. The price is what the market pays today (0.7000 THB); the fair value is what the company's own numbers justify (0.2300 THB). For PROEN Corp Public Company Limited the two are 0.4700 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is PROEN Corp Public Company Limited worth?
The market values PROEN Corp Public Company Limited at about 275M THB (market capitalisation, as of Nov 4, 2026). Per share that is 0.7000 THB; our models calculate a fair value of 0.2300 THB per share.
What do the bullish and bearish scenarios say about PROEN?
Our models span a range for PROEN Corp Public Company Limited: cautious scenario 0.1700 THB, base 0.2300 THB, optimistic 0.2900 THB per share (as of Nov 4, 2026, price 0.7000 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of PROEN Corp Public Company Limited (PROEN)?
Balance-sheet figures for PROEN Corp Public Company Limited (as of Nov 4, 2026): return on equity −8.7%, debt of 0.05 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is PROEN from its 52-week high?
PROEN Corp Public Company Limited trades at 0.7000 THB, about 47% below its 52-week high of 1.31 THB and 3% above the low of 0.6800 THB (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2300 THB is for.
Which stocks are comparable to PROEN Corp Public Company Limited?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T Inc, 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 PROEN Corp Public Company Limited stock attractive at the current price?
The data as of Nov 4, 2026: price 0.7000 THB, calculated fair value 0.2300 THB (−67%), Quality Score 35/100, from 8 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 PROEN calculated?
We run PROEN Corp Public Company Limited through 8 models from 5 families: Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 0.2300 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. PROEN Corp 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 PROEN Corp Public Company Limited (PROEN)?
The closing price on Nov 9, 2026 was 0.7000 THB. Our model-based fair value is 0.2300 THB, about 67% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PROEN Corp Public Company Limited right now?
The price sits above even our optimistic bull case (0.2900 THB). The favourable scenario is already priced in. Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of PROEN Corp Public Company Limited

How large is the market capitalisation of PROEN Corp Public Company Limited (PROEN)?
The market capitalisation of PROEN Corp Public Company Limited is 275M THB (≈ $8.2M). 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 PROEN Corp Public Company Limited (PROEN)?
The price-to-sales ratio of PROEN Corp Public Company Limited is 0.63 (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 PROEN Corp Public Company Limited (PROEN)?
Earnings per share at PROEN Corp Public Company Limited are −0.1300 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of PROEN Corp Public Company Limited (PROEN)?
The net margin of PROEN Corp Public Company Limited is −10.9% (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 PROEN Corp Public Company Limited (PROEN)?
The return on equity (ROE) of PROEN Corp Public Company Limited is −8.7% (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 PROEN Corp Public Company Limited (PROEN)?
On an EBIT basis the return on assets of PROEN Corp Public Company Limited is 2.3% (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 PROEN Corp Public Company Limited (PROEN)?
The operating margin of PROEN Corp Public Company Limited is −18.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PROEN Corp Public Company Limited (PROEN)?
Revenue at PROEN Corp Public Company Limited is growing −18.3% versus a year earlier (3y avg −28.2%). 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 PROEN Corp Public Company Limited (PROEN)?
Earnings per share at PROEN Corp Public Company Limited are growing +764% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PROEN Corp Public Company Limited (PROEN) generate?
The free cash flow of PROEN Corp Public Company Limited is −106M 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 debt does PROEN Corp Public Company Limited (PROEN) carry?
The net debt of PROEN Corp Public Company Limited is 27.7M THB (fiscal year 2025). 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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