GS Holdings (078930) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of GS Holdings stock KRW 92,119, price KRW 76,900, upside +19.8%, quality 52 out of 100. Rating: undervalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, 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 8, 2026.
How to read this chart
60‑month range 28,457 KRW – 129,200 KRW · fair‑value band 58,468 KRW – 132,446 KRW · the 76,900 KRW price screens below the 92,119 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow GS in your weekly email
Every Wednesday you see whether GS 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.
GS Holdings Corp., together its subsidiaries, engages in the energy, power generation, retail, service, construction, and infrastructure businesses.
Show moreShow less
The company supplies heating and cooling facilities; composite resin; electricity and steam by operating coal power plant and wind power farms; produces electricity through combined heat and power plant; provides LNG to power distribution companies; bio diesel; exports refined oils, lubricants, aromatics, and polymers; collects wastes and converts them into rare metals; manufactures wind turbines; operates shipping fleet, comprising petrochemical tankers and gas carriers; and provides petroleum product distribution, transportation, and car sharing services.
It operates a convenience store under the GS25 brand; retail chain under the GS THE FRESH brand; GS SHOP, a live commerce store; and hotel under the Parnas brand.
In addition, the company manufactures and processes ready-to-eat foods; provides media and marketing services, such as mobile coupons, advertisement placement and content, and digital signage; manages the FC Seoul soccer team and GS Caltex Seoul Kixx volleyball team; and processes rebar for construction sites.
Further, it offers home network systems, real estate asset management, and residential customer support; operation and maintenance services for oil, gas, petrochemical, and power generation and environmental plants; and operates golf and ski resort with condominiums and leisure amenities.
The company was founded in 2004 and is based in Seoul, South Korea.
Stock analysis
GS Holdings (078930) currently trades at 76,900 KRW, while our model-based Fair Value estimate is 92,119 KRW, implying the stock looks roughly 17% undervalued today.
Show more
Valuation
Bull case: the Earnings-Based group reads highest at a median of 152,001 KRW per share, and 5 of the 11 models we run sit above the 76,900 KRW price.
Bear case: the Dividend Discount group reads lowest at 53,014 KRW, and 6 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 58,468 KRW (bear) to 132,446 KRW (bull), the price of 76,900 KRW 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 52/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
GS Holdings reported revenue of 25.2T KRW in FY2025 versus 20.2T KRW in FY2021, a compound +5.6%/yr. Reported net income was 799B KRW in FY2025, compounding −13.8%/yr from FY2021.
Key figures
Market cap 7.3T KRW (≈ $5.3B) Mid · P/E ratio 3.1 · P/S ratio 0.35 · EPS (TTM) 24,621 KRW · Dividend yield 3.9% · Net margin 8.6% · Return on equity 13.3% · Return on assets (EBIT) 10.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 58% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at 20%, 078930 screens cheaper than that median.
Fair Value models
Bear58,468 KRWFair Value 92,119 KRWBull132,446 KRW
Price 76,900 KRW · Upside +19.8%
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 (18,481 KRW 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−0.3%
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.
−4.3%
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.
+10.3%
Start year 2020 (pandemic). Over 10 years: +7.5% a year
Revenue growth 21 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.
+4.6%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in KRW ⓘ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 KRW: 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.
+14.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.6%
Dividend (yield on the price)3.9%
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.−4.7% vs −0.1%, 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.6% → 12%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+25.7%
Yearly growth needed for the next five years to justify today's price.
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.
+1.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +23.1% a year for the price and −0.2% for the forecasts.
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.Conglomerates · 305 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+19.8% · Above median
Profitability
Return on equity (12 months)13.3% · Above median
Return on assets2.9% · Below median
Net margin (12 months)11.1% · Above median
Operating margin (12 months)23.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)24.9% · Top 25%
Dividend yield (12 months)3.9% · Top 25%
Balance sheet
Debt / equity0.39× · Above median
Valuation Multiplesvs Conglomerates 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). "GS Holdings Fair Value". https://www.fairvalue-calculator.com/stock/078930
Frequently asked questions
Is GS Holdings (078930) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 92,119 KRW versus a price of 76,900 KRW, about +20% upside (undervalued).
What is the fair value of 078930?
Our model-based fair value for GS Holdings is 92,119 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 76,900 KRW.
What is the quality score of 078930?
GS Holdings has a Quality Score of 52/100. 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 GS Holdings (078930)?
Our model-based price target is the fair value of 92,119 KRW (as of Nov 8, 2026) from 11 valuation models. Cautious scenario 58,468 KRW, optimistic scenario 132,446 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the GS Holdings stock forecast for 2026?
Our models put fair value at 92,119 KRW, about +20% upside versus a price of 76,900 KRW (undervalued). Cautious scenario 58,468 KRW, optimistic scenario 132,446 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of GS Holdings (078930)?
GS Holdings reported trailing-twelve-month revenue of about 27.3T KRW (latest available figure, as of Nov 8, 2026).
Does GS Holdings pay a dividend?
GS Holdings currently shows a dividend yield of 3.90% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of GS Holdings (078930) and when is the ex-dividend date?
GS Holdings pays a dividend of 3,000 KRW per share a year, a dividend yield of 3.9%. The last ex-dividend date was Feb 26, 2026. The payout ratio is 12.2% of earnings. Free cash flow covers the dividend 1.01 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into GS Holdings (078930)?
For today's price to be fair in a discounted-cash-flow model, GS Holdings would have to grow free cash flow by +25.7 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.3 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 078930 use?
Our models discount GS Holdings at 9.3 %: a base by market capitalisation (mid), damped by beta 0.67, country premium for South Korea. 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 GS Holdings that is +25.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has GS Holdings (078930) delivered so far?
Over the past 5 years revenue at GS Holdings grew +10.3 % a year. The price currently implies free-cash-flow growth of +25.7 % 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 GS Holdings (078930) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into GS Holdings (+25.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of GS Holdings (078930)?
The free-cash-flow yield on the price is 3.88 %: that much free cash flow GS Holdings produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of GS Holdings (078930)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GS Holdings it is 92,119 KRW per share (as of Nov 8, 2026), against a price of 76,900 KRW. It is the blended result of 11 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is GS Holdings stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 078930 trades below its calculated fair value: price 76,900 KRW, fair value 92,119 KRW, a gap of about +20% (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 078930?
No. The price is what the market pays today (76,900 KRW); the fair value is what the company's own numbers justify (92,119 KRW). For GS Holdings the two are 15,219 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is GS Holdings worth?
The market values GS Holdings at about 7.3T KRW (market capitalisation, as of Nov 8, 2026). Per share that is 76,900 KRW; our models calculate a fair value of 92,119 KRW per share.
What do the bullish and bearish scenarios say about 078930?
Our models span a range for GS Holdings: cautious scenario 58,468 KRW, base 92,119 KRW, optimistic 132,446 KRW per share (as of Nov 8, 2026, price 76,900 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 078930?
GS Holdings trades at a price-to-earnings ratio of 3.1 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 92,119 KRW is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 5.9. Other multiples: P/B 0.5, P/S 0.3, EV/EBITDA 2.7.
How solid is the balance sheet of GS Holdings (078930)?
Balance-sheet figures for GS Holdings (as of Nov 8, 2026): return on equity 13.3%, debt of 0.39 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 078930 from its 52-week high?
GS Holdings trades at 76,900 KRW, about 40% below its 52-week high of 129,200 KRW and 58% above the low of 48,529 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 92,119 KRW is for.
Which stocks are comparable to GS Holdings?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH Limited, 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 GS Holdings stock attractive at the current price?
The data as of Nov 8, 2026: price 76,900 KRW, calculated fair value 92,119 KRW (+20%), Quality Score 52/100, from 11 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 078930 calculated?
We run GS Holdings through 11 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 92,119 KRW 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 13.0% above its aggregate fair value. GS Holdings currently trades 17% 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 GS Holdings (078930)?
The closing price on Nov 6, 2026 was 76,900 KRW. Our model-based fair value is 92,119 KRW, about +20% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GS Holdings right now?
A fairly wide model range (58,468 KRW to 132,446 KRW) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of GS Holdings
How large is the market capitalisation of GS Holdings (078930)?
The market capitalisation of GS Holdings is 7.3T KRW (≈ $5.3B). 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 GS Holdings (078930)?
The price-to-sales ratio of GS Holdings is 0.35 (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 GS Holdings (078930)?
Earnings per share at GS Holdings are 24,621 KRW (price ÷ EPS = P/E 3.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of GS Holdings (078930)?
The dividend yield of GS Holdings is 3.9% (payout 12.2%). 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 GS Holdings (078930)?
The net margin of GS Holdings is 8.6% (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 GS Holdings (078930)?
The return on equity (ROE) of GS Holdings is 13.3% (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 GS Holdings (078930)?
On an EBIT basis the return on assets of GS Holdings is 10.2% (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 GS Holdings (078930)?
The operating margin of GS Holdings is 23.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GS Holdings (078930)?
Revenue at GS Holdings is growing +24.9% versus a year earlier (3y avg −4.3%). 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 GS Holdings (078930)?
Earnings per share at GS Holdings are growing +26.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does GS Holdings (078930) carry?
The net debt of GS Holdings is 6.8T KRW (fiscal year 2025, ≈ 24.1 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 GS Holdings in the live analysis
One click puts GS Holdings on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 8, 2026