Xplus Inc (373200) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Xplus Inc KRW 406, price KRW 1,991, upside -79.6%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Xplus Inc. manufactures and sells mobile IT device accessories in South Korea and internationally. The company offers covers, wireless chargers, earphone cases, etc. Xplus Inc. was founded in 2005 and is headquartered in Seoul, South Korea.
Stock analysis
Xplus Inc (373200) currently trades at 1,991 KRW, while our model-based Fair Value estimate is 405.91 KRW, 79.6% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 94/100, which puts the evidence level at low.
Scenario range: 302.92 KRW (bear) to 605.84 KRW (bull), the price of 1,991 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 34/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Xplus Inc reported revenue of 10.1B KRW in FY2025 versus 14.1B KRW in FY2021, a compound −8.1%/yr. Reported net income was −2.1B KRW in FY2025.
Key figures
Market cap 47.3B KRW (≈ $35.5M) · P/S ratio 3.64 · Net margin −20.9% · Return on equity −37.1% · Return on assets (EBIT) −2.7% · Operating margin −86.1% · Revenue (TTM) 13.0B KRW · Revenue growth (YoY) +4.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 62% below its 52-week high and 52% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −9% fair-value upside, at −80%, 373200 screens richer than that median.
Fair Value models
Bear 302.92 KRWFair Value 405.91 KRWBull 605.84 KRW
Price 1,991 KRW · Upside -79.6%
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. 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.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.
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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.4%
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.
−14.2%
’21
’22
’23
’24
’25
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
Price, fair value, quality and upside side by side.
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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 - Application · 656 stocks
Beats the industry median on 0/7 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−79.6% · Bottom 25%
Profitability
Return on assets−7.6% · Bottom 25%
Net margin (TTM)−60.0% · Bottom 25%
Operating margin (TTM)−86.1% · Bottom 25%
Growth and dividend
Revenue growth4.9% · Below median
Balance sheet
Debt / equity0.33× · Highest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)25· sector 41
PAST (return on equity)0· sector 19
HEALTH (low debt)83· sector 97
DIVIDEND (yield)0· sector 33
VALUE 0: the price sits above our fair-value range.
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). "Xplus Inc Fair Value". https://www.fairvalue-calculator.com/stock/373200
Frequently asked questions
Is Xplus Inc (373200) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 405.91 KRW versus a price of 1,991 KRW, about −80% upside (overvalued).
What is the fair value of 373200?
Our model-based fair value for Xplus Inc is 405.91 KRW (as of Oct 3, 2026), built from audited fundamentals. The current price: 1,991 KRW.
What is the quality score of 373200?
Xplus Inc has a Quality Score of 34/100. 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 Xplus Inc (373200)?
Our model-based price target is the fair value of 405.91 KRW (as of Oct 3, 2026) from 1 valuation models. Cautious scenario 302.92 KRW, optimistic scenario 605.84 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Xplus Inc stock forecast for 2026?
Our models put fair value at 405.91 KRW, about −80% upside versus a price of 1,991 KRW (overvalued). Cautious scenario 302.92 KRW, optimistic scenario 605.84 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Xplus Inc (373200)?
Xplus Inc reported trailing-twelve-month revenue of about 13.0B KRW (latest available figure, as of Oct 3, 2026).
What is the intrinsic value of Xplus Inc (373200)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Xplus Inc it is 405.91 KRW per share (as of Oct 3, 2026), against a price of 1,991 KRW. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Xplus Inc stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 373200 trades above its calculated fair value: price 1,991 KRW, fair value 405.91 KRW, a gap of about −80% (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 373200?
No. The price is what the market pays today (1,991 KRW); the fair value is what the company's own numbers justify (405.91 KRW). For Xplus Inc the two are 1,585 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Xplus Inc worth?
The market values Xplus Inc at about 47.3B KRW (market capitalisation, as of Oct 3, 2026). Per share that is 1,991 KRW; our models calculate a fair value of 405.91 KRW per share.
What do the bullish and bearish scenarios say about 373200?
Our models span a range for Xplus Inc: cautious scenario 302.92 KRW, base 405.91 KRW, optimistic 605.84 KRW per share (as of Oct 3, 2026, price 1,991 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Xplus Inc (373200)?
Balance-sheet figures for Xplus Inc (as of Oct 3, 2026): return on equity −37.1%, debt of 0.33 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is 373200 from its 52-week high?
Xplus Inc trades at 1,991 KRW, about 62% below its 52-week high of 5,200 KRW and 52% above the low of 1,312 KRW (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of 405.91 KRW is for.
Which stocks are comparable to Xplus Inc?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Xplus Inc stock attractive at the current price?
The data as of Oct 3, 2026: price 1,991 KRW, calculated fair value 405.91 KRW (−80%), Quality Score 34/100, 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 373200 calculated?
We run Xplus 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 405.91 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 14.9 % above its aggregate fair value. Xplus 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 Xplus Inc (373200)?
The closing price on Oct 8, 2026 was 1,991 KRW. Our model-based fair value is 405.91 KRW, about −80% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Xplus Inc right now?
The price sits above even our optimistic bull case (605.84 KRW). The favourable scenario is already priced in. Weak quality (34/100) 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. A fairly wide model range (302.92 KRW to 605.84 KRW) leaves room in how you read the outcome.
Key figures of Xplus Inc
How large is the market capitalisation of Xplus Inc (373200)?
The market capitalisation of Xplus Inc is 47.3B KRW (≈ $35.5M). 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 Xplus Inc (373200)?
The price-to-sales ratio of Xplus Inc is 3.64 (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 Xplus Inc (373200)?
The net margin of Xplus Inc is −20.9% (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 Xplus Inc (373200)?
The return on equity (ROE) of Xplus Inc is −37.1% (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 Xplus Inc (373200)?
On an EBIT basis the return on assets of Xplus Inc is −2.7% (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 Xplus Inc (373200)?
The operating margin of Xplus Inc is −86.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Xplus Inc (373200)?
Revenue at Xplus Inc is growing +4.9% versus a year earlier (3y avg −14.2%). 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 Xplus Inc (373200)?
Earnings per share at Xplus Inc are growing +519% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Xplus Inc (373200) generate?
The free cash flow of Xplus Inc is −15.8B 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 Xplus Inc (373200) carry?
The net debt of Xplus Inc is 22.1B 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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