SCB X Public Company Limited (SCB) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of SCB X Public Company Limited stock THB 162, price THB 152, upside +6.9%, quality 59 out of 100. Rating: fairly valued. Calculated from audited financials with 6 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 oneYes, for free
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 3, 2026.
How to read this chart
60‑month range 50.38 THB – 158.00 THB · fair‑value band 121.83 THB – 203.04 THB · the 152.00 THB price screens below the 162.43 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
Follow SCB X Public Company in your weekly email
Every Wednesday you see whether SCB X Public Company 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.
SCB X Public Company Limited engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally. It operates through Corporate, SME, Retail, and Others segments.
Show moreShow less
The company offers commercial banking and associated financial management services; CardX for credit and personal loans; AutoX for vehicle title loans; MONIX for digital lending through the FINNIX app; ABACUS Digital for digital lending through the Money Thunder app; Alpha X for luxury financing services; InnovestX, an integrated investing platform; SCB 10X, a technology investment arm; Token X, an initial coin offering portal; and Point X, a point redemption service.
It also engages in the hire purchase, leasing, and refinancing business for cars, motorcycles, and watercraft; title loans; credit cards, personal loans, and nano finance for non-banks; debt collection; life and non-life insurance brokerage; strategic data and AI partner business; AI-powered digital lending platform business; investment in and incubation of tech ventures related to blockchain, digital assets, the Metaverse, Web 3.0, and DeepTech; data analytics business; securities business, including fund management and investment services covering various assets such as Thai and foreign stocks, mutual funds, bonds, and digital assets; asset fractionalization and TKX enterprise solutions; consulting services for digital technology development and solutions; lending and retail lending; asset investigation; and specialized technology services.
In addition, the company develops and manages customer loyalty programs; purchases, transfers, and manages non-performing assets from financial institutions and financial business operators; leases office buildings; and provides training and seminars.
It serves corporate, commercial, SME, and individual customers, as well as small businesses. SCB X Public Company Limited was founded in 1906 and is headquartered in Bangkok, Thailand.
Stock analysis
SCB X Public Company Limited (SCB) currently trades at 152.00 THB, while our model-based Fair Value estimate is 162.43 THB, so the stock looks roughly fairly valued today (gap 6.4%).
Show more
Valuation
Bull case: the Dividend Discount group reads highest at a median of 148.40 THB per share, and 2 of the 6 models we run sit above the 152.00 THB price.
Bear case: the Asset-Based group reads lowest at 94.01 THB, and 4 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: 121.83 THB (bear) to 203.04 THB (bull), the price of 152.00 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 59/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
SCB X Public Company Limited reported revenue of 218B THB in FY2025 versus 108B THB in FY2021, a compound +19.1%/yr. Reported net income was 47.5B THB in FY2025, compounding +7.5%/yr from FY2021.
Key figures
Market cap 512B THB (≈ $15.3B) Large · P/E ratio 11.9 · P/S ratio 4.17 · EPS (TTM) 12.79 THB · Dividend yield 6.1% · Net margin 34.3% · Return on equity 8.7% · Return on assets (EBIT) 1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 65 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 30% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at 7%, SCB screens cheaper than that median.
Fair Value models
Bear121.83 THBFair Value 162.43 THBBull203.04 THB
Price 152.00 THB · Upside +6.9%
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 (2.98 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.72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+67.7%
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.
+21.8%
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.
+4.4%
Start year 2020 (pandemic). Over 10 years: +7.3% a year
Revenue growth 25 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.
+6.2%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
+12.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.1%
Dividend (yield on the price)6.1%
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.6.1% vs 0.1%, picking up
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.19% → 28%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
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).
−0.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−4.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about −1.9% a year for the price and −5.2% for the forecasts.
Compare SCB X Public Company Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Banks - Regional · 1002 stocks
Beats the industry median on 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+6.9% · Above median
Profitability
Return on equity (12 months)8.7% · Below median
Return on assets1.3% · Above median
Net margin (12 months)34.3% · Above median
Operating margin (12 months)46.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)−7.9% · Bottom 25%
Dividend yield (12 months)6.1% · Top 25%
Balance sheet
Debt / equity0.75× · Highest 25%
Valuation Multiplesvs Banks - Regional 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). "SCB X Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/SCB
Frequently asked questions
Is SCB X Public Company Limited (SCB) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 162.43 THB versus a price of 152.00 THB, about +7% upside (fairly valued).
What is the fair value of SCB?
Our model-based fair value for SCB X Public Company Limited is 162.43 THB (as of Nov 3, 2026), built from audited fundamentals. The current price: 152.00 THB.
What is the quality score of SCB?
SCB X 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 SCB X Public Company Limited (SCB)?
Our model-based price target is the fair value of 162.43 THB (as of Nov 3, 2026) from 6 valuation models. Cautious scenario 121.83 THB, optimistic scenario 203.04 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the SCB X Public Company Limited stock forecast for 2026?
Our models put fair value at 162.43 THB, about +7% upside versus a price of 152.00 THB (fairly valued). Cautious scenario 121.83 THB, optimistic scenario 203.04 THB. The calculation is refreshed regularly with new filings.
What is the revenue of SCB X Public Company Limited (SCB)?
SCB X Public Company Limited reported trailing-twelve-month revenue of about 123B THB (latest available figure, as of Nov 3, 2026).
Does SCB X Public Company Limited pay a dividend?
SCB X Public Company Limited currently shows a dividend yield of 6.11% relative to its recent price (as of Nov 3, 2026).
What growth is priced into SCB X Public Company Limited (SCB)?
For today's price to be fair in a discounted-cash-flow model, SCB X Public Company Limited would have to grow free cash flow by -0.7 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.4 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of SCB use?
Our models discount SCB X Public Company Limited at 9.7 %: a base by market capitalisation (large), damped by beta 0.10, 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 SCB X Public Company Limited that is -0.7 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has SCB X Public Company Limited (SCB) delivered so far?
Over the past 5 years revenue at SCB X Public Company Limited grew +4.4 % a year. The price currently implies -0.7 % per year free-cash-flow growth a 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 SCB X Public Company Limited (SCB) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into SCB X Public Company Limited (-0.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SCB X Public Company Limited (SCB)?
The free-cash-flow yield on the price is 13.10 %: that much free cash flow SCB X Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SCB X Public Company Limited (SCB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SCB X Public Company Limited it is 162.43 THB per share (as of Nov 3, 2026), against a price of 152.00 THB. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is SCB X Public Company Limited stock overvalued or undervalued in 2026?
As of Nov 3, 2026, SCB trades below its calculated fair value: price 152.00 THB, fair value 162.43 THB, a gap of about +7% (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 SCB?
No. The price is what the market pays today (152.00 THB); the fair value is what the company's own numbers justify (162.43 THB). For SCB X Public Company Limited the two are 10.43 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is SCB X Public Company Limited worth?
The market values SCB X Public Company Limited at about 512B THB (market capitalisation, as of Nov 3, 2026). Per share that is 152.00 THB; our models calculate a fair value of 162.43 THB per share.
What do the bullish and bearish scenarios say about SCB?
Our models span a range for SCB X Public Company Limited: cautious scenario 121.83 THB, base 162.43 THB, optimistic 203.04 THB per share (as of Nov 3, 2026, price 152.00 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SCB?
SCB X Public Company Limited trades at a price-to-earnings ratio of 11.9 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 162.43 THB is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 10.6. Other multiples: PEG 27.7, P/B 1.0, P/S 4.2, EV/EBITDA 13.9.
What is the PEG ratio of SCB?
The PEG ratio of SCB X Public Company Limited is 27.74 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of SCB X Public Company Limited (SCB)?
Balance-sheet figures for SCB X Public Company Limited (as of Nov 3, 2026): return on equity 8.7%, debt of 0.75 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is SCB from its 52-week high?
SCB X Public Company Limited trades at 152.00 THB, about 4% below its 52-week high of 158.00 THB and 30% above the low of 117.31 THB (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 162.43 THB is for.
Which stocks are comparable to SCB X Public Company Limited?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial 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 SCB X Public Company Limited stock attractive at the current price?
The data as of Nov 3, 2026: price 152.00 THB, calculated fair value 162.43 THB (+7%), Quality Score 59/100, from 6 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 SCB calculated?
We run SCB X Public Company Limited through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 162.43 THB, 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 15.6% above its aggregate fair value. SCB X Public Company Limited currently trades 6% 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 SCB X Public Company Limited (SCB)?
The closing price on Nov 5, 2026 was 152.00 THB. Our model-based fair value is 162.43 THB, about +7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SCB X Public Company Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of SCB X Public Company Limited (SCB) come from?
Earnings per share at SCB X Public Company Limited grew −0.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.9 %, EBIT margin −1.5 %, tax rate −0.2 %, residual (interest, one-offs) −0.1 %. 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 SCB X Public Company Limited
How large is the market capitalisation of SCB X Public Company Limited (SCB)?
The market capitalisation of SCB X Public Company Limited is 512B THB (≈ $15.3B). 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 SCB X Public Company Limited (SCB)?
The price-to-sales ratio of SCB X Public Company Limited is 4.17 (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 SCB X Public Company Limited (SCB)?
Earnings per share at SCB X Public Company Limited are 12.79 THB (price ÷ EPS = P/E 11.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SCB X Public Company Limited (SCB)?
The dividend yield of SCB X Public Company Limited is 6.1% (payout 72.6%). 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 SCB X Public Company Limited (SCB)?
The net margin of SCB X Public Company Limited is 34.3% (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 SCB X Public Company Limited (SCB)?
The return on equity (ROE) of SCB X 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 SCB X Public Company Limited (SCB)?
On an EBIT basis the return on assets of SCB X Public Company Limited is 1.7% (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 SCB X Public Company Limited (SCB)?
The operating margin of SCB X Public Company Limited is 46.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SCB X Public Company Limited (SCB)?
Revenue at SCB X Public Company Limited is growing −7.9% versus a year earlier (3y avg +21.8%). 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 SCB X Public Company Limited (SCB)?
Earnings per share at SCB X Public Company Limited are growing −11.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SCB X Public Company Limited (SCB) carry?
The net debt of SCB X Public Company Limited is 360B THB (fiscal year 2025, ≈ 5.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch SCB X Public Company Limited in the live analysis
One click puts SCB X Public Company Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 3, 2026