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Obigo Inc. (352910) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Obigo Inc. KRW 1,203, price KRW 4,815, upside -75.0%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Technology · KR

OI Thin data Sep 24, 2026

Obigo Inc.

352910 · KQ

Weakest SetupStrongly overvalued and low quality.

!Fair value 1,203 KRW · Strongly overvalued (−75%)
!Quality 50/100
!Expensive Growth (revenue 5y +22.7 %/yr)
!Loss-making · -6.7% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (2/8)
!Narrow moat 19/100
!Evidence only low, so the estimate is less certain
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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

28,200 KRW 3,295 KRW Fair Value 1,203 KRW Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 3,295 KRW – 28,200 KRW · fair‑value band 794.05 KRW – 1,504 KRW · the 4,815 KRW price screens above the 1,203 KRW fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Obigo, Inc., a Web service company, provides internet services and software products in South Korea and internationally. The company's range of solutions include HTML5 browser, app framework, and web applications for various devices and platforms, such as automotive, smart phones, smart TV, and other consumer electronics. Obigo, Inc.

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Obigo, Inc., a Web service company, provides internet services and software products in South Korea and internationally. The company's range of solutions include HTML5 browser, app framework, and web applications for various devices and platforms, such as automotive, smart phones, smart TV, and other consumer electronics. Obigo, Inc. was founded in 1997 and is based in Seongnam-si, South Korea.

Stock analysis

Obigo Inc. (352910) currently trades at 4,815 KRW, while our model-based Fair Value estimate is 1,203 KRW, implying the stock looks roughly 300.2% overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 89/100, which puts the evidence level at low.

Scenario range: 794.05 KRW (bear) to 1,504 KRW (bull), the price of 4,815 KRW 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 50/100 (solid quality), in the Technology sector.

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

Obigo Inc. reported revenue of 33.5B KRW in FY2025 versus 7.7B KRW in FY2021, a compound +44.7%/yr. Reported net income was −1.9B KRW in FY2025.

Key figures

Market cap 60.9B KRW (≈ $44.7M) · P/S ratio 1.17 · Net margin −5.8% · Return on equity −11.6% · Return on assets (EBIT) −8.0% · Operating margin −14.1% · Revenue (TTM) 40.4B KRW · Revenue growth (YoY) +184%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).

What moves the price

The share trades about 26% below its 52-week high and 46% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at −75%, 352910 screens richer than that median.

Fair Value models

Bear 794.05 KRW Fair Value 1,203 KRW Bull 1,504 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
NCAV (Graham) 1,338 KRW 1,793 KRW 2,676 KRW 54
All 1 models by family
Asset-Based
NCAV (Graham) 1,338 KRW 1,793 KRW 2,676 KRW 54

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Quality Score breakdown

Overall quality 50/100

Of which business quality 49 · Market factors (momentum, volatility) 43

Profitability 28
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 33
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 75
Share count: buybacks or dilution?

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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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+132.5%
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.
+45.0%
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.
+22.7%
Start year 2020 (pandemic)
Revenue growth 6 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.
+21.9%
Profit margin (trend) ⓘ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.
−8.0% (2020) → −11.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

352910 screens 300% overvalued. Compare with Microsoft Corporation →

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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.Software - Infrastructure · 383 stocks

Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 49 · Below median
Fair Value upside −75% · Bottom 25%
Profitability
Return on assets −7% · Bottom 25%
Net margin (TTM) −7% · Below median
Operating margin (TTM) −14% · Bottom 25%
Growth and dividend
Revenue growth 184% · Top 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 15
FUTURE (revenue growth)100 · sector 48
PAST (return on equity)0 · sector 18
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)0 · sector 33

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 Software - Infrastructure stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $500.59 $550.65 +10%
Palantir Technologies Inc PLTR $192.59 $42.16 −78%
Oracle Corporation ORCL $139.54 $112.26 −20%
Palo Alto Networks, Inc PANW $374.57 $114.50 −69%
CrowdStrike Holdings CRWD $259.67 $37.31 −86%
Fortinet, Inc FTNT $178.67 $164.68 −8%
Synopsys, Inc SNPS $413.06 $250.04 −39%
Block, Inc XYZ $74.68 $101.29 +36%
CoreWeave, Inc CRWV $86.90 $71.79 −17%
NetApp, Inc NTAP $192.91 $157.18 −19%

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Obigo Inc. · Fair Value
1,203 KRW −300%Fair Value
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Cite: Fair Value Calculator (2026). "Obigo Inc. Fair Value". https://www.fairvalue-calculator.com/stock/352910

Frequently asked questions

Is Obigo Inc. (352910) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1,203 KRW versus a price of 4,815 KRW, about −75% upside (overvalued).
What is the fair value of 352910?
Our model-based fair value for Obigo Inc. is 1,203 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 4,815 KRW.
What is the quality score of 352910?
Obigo Inc. has a Quality Score of 50/100. 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 Obigo Inc. (352910)?
Our model-based price target is the fair value of 1,203 KRW (as of Sep 24, 2026) from 1 valuation models. Cautious scenario 794.05 KRW, optimistic scenario 1,504 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Obigo Inc. stock forecast for 2026?
Our models put fair value at 1,203 KRW, about −75% upside versus a price of 4,815 KRW (overvalued). Cautious scenario 794.05 KRW, optimistic scenario 1,504 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Obigo Inc. (352910)?
Obigo Inc. reported trailing-twelve-month revenue of about 40.4B KRW (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Obigo Inc. (352910)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Obigo Inc. it is 1,203 KRW per share (as of Sep 24, 2026), against a price of 4,815 KRW. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Obigo Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 352910 trades above its calculated fair value: price 4,815 KRW, fair value 1,203 KRW, a gap of about −75% (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 352910?
No. The price is what the market pays today (4,815 KRW); the fair value is what the company's own numbers justify (1,203 KRW). For Obigo Inc. the two are 3,612 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Obigo Inc. worth?
The market values Obigo Inc. at about 60.9B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 4,815 KRW; our models calculate a fair value of 1,203 KRW per share.
What do the bullish and bearish scenarios say about 352910?
Our models span a range for Obigo Inc.: cautious scenario 794.05 KRW, base 1,203 KRW, optimistic 1,504 KRW per share (as of Sep 24, 2026, price 4,815 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Obigo Inc. (352910)?
Balance-sheet figures for Obigo Inc. (as of Sep 24, 2026): return on equity −11.6%. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 352910 from its 52-week high?
Obigo Inc. trades at 4,815 KRW, about 26% below its 52-week high of 6,550 KRW and 46% above the low of 3,295 KRW (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 1,203 KRW is for.
Which stocks are comparable to Obigo Inc.?
From the same area (Technology) we also value Microsoft Corporation, Palantir Technologies Inc, Oracle Corporation, Palo Alto Networks, 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 Obigo Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price 4,815 KRW, calculated fair value 1,203 KRW (−75%), Quality Score 50/100, from 1 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 352910 calculated?
We run Obigo Inc. through 1 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 1,203 KRW, 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 14.0 % above its aggregate fair value. Obigo Inc. 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 Obigo Inc. (352910)?
The closing price on Sep 23, 2026 was 4,815 KRW. Our model-based fair value is 1,203 KRW, about −75% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Obigo Inc. right now?
The price sits above even our optimistic bull case (1,504 KRW). The favourable scenario is already priced in. 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 but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (794.05 KRW to 1,504 KRW) leaves room in how you read the outcome.

Key figures of Obigo Inc.

How large is the market capitalisation of Obigo Inc. (352910)?
The market capitalisation of Obigo Inc. is 60.9B KRW (≈ $44.7M). 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 Obigo Inc. (352910)?
The price-to-sales ratio of Obigo Inc. is 1.17 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Obigo Inc. (352910)?
The net margin of Obigo Inc. is −5.8% (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 Obigo Inc. (352910)?
The return on equity (ROE) of Obigo Inc. is −11.6% (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 Obigo Inc. (352910)?
On an EBIT basis the return on assets of Obigo Inc. is −8.0% (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 Obigo Inc. (352910)?
The operating margin of Obigo Inc. is −14.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Obigo Inc. (352910)?
Revenue at Obigo Inc. is growing +184% versus a year earlier (3y avg +45.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Obigo Inc. (352910) generate?
The free cash flow of Obigo Inc. is −1.8B KRW (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 Obigo Inc. (352910) carry?
The net debt of Obigo Inc. is 78.5M KRW (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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