MINDs Lab Inc. (377480) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of MINDs Lab Inc. stock KRW 1,976, price KRW 7,660, that is 74.2% below the price, quality 34 out of 100. Rating: strongly overvalued. Calculated from audited financials with one 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 3, 2026.
How to read this chart
59‑month range 7,660 KRW – 38,600 KRW · fair‑value band 1,475 KRW – 2,950 KRW · the 7,660 KRW price screens above the 1,976 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Maum.AI, Inc. operates as an AI service provider in South Korea and internationally. Its services are based on online information, data analysis consulting, and computer programming. The company was founded in 2014 and is headquartered in Seongnam-si, South Korea.
Stock analysis
MINDs Lab Inc. (377480) currently trades at 7,660 KRW, while our model-based Fair Value estimate is 1,976 KRW, 74% 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 data coverage at low.
Scenario range: 1,475 KRW (bear) to 2,950 KRW (bull), the price of 7,660 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 growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
MINDs Lab Inc. reported revenue of 9.8B KRW in FY2025 versus 8.2B KRW in FY2021, a compound +4.4%/yr. Reported net income was −7.6B KRW in FY2025.
Key figures
Market cap 56.6B KRW (≈ $41.5M) Micro · P/S ratio 8.21 · EPS (TTM) −713.81 KRW · Net margin −62.6% · Return on equity −19.8% · Return on assets (EBIT) −13.5% (5-year average) · Operating margin −315% · Revenue (TTM) 8.1B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).
What moves the price
The share trades about 69% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −74%, 377480 screens richer than that median.
Fair Value models
Bear1,475 KRWFair Value 1,976 KRWBull2,950 KRW
Price 7,660 KRW · Downside -74.2%
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
NCAV (Graham)1,735 KRW2,325 KRW3,470 KRW54
All 1 models by family
Asset-Based
NCAV (Graham)1,735 KRW2,325 KRW3,470 KRW54
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+25.9%
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.
+5.9%
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.
−2.8%
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.
−1.4%
’19
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’25
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.
−40.3% (2020) → −65.1% (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
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 · 630 stocks
Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−74.2% · Bottom 25%
Profitability
Return on assets−14.1% · Bottom 25%
Net margin (12 months)−62.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−58.2% · Bottom 25%
Balance sheet
Debt / equity0.61× · Highest 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/B2.16× · Cheaper than median
P/S (12 months)6.99× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)0· sector 40
PAST (return on equity)0· sector 20
HEALTH (low debt)69· sector 98
DIVIDEND (yield)0· sector 29
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). "MINDs Lab Inc. Fair Value". https://www.fairvalue-calculator.com/stock/377480
Frequently asked questions
Is MINDs Lab Inc. (377480) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 1,976 KRW versus a price of 7,660 KRW, about 74% lower (overvalued).
What is the fair value of 377480?
Our model-based fair value for MINDs Lab Inc. is 1,976 KRW (as of Nov 3, 2026), built from audited fundamentals. The current price: 7,660 KRW.
What is the quality score of 377480?
MINDs Lab 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 MINDs Lab Inc. (377480)?
Our model-based price target is the fair value of 1,976 KRW (as of Nov 3, 2026) from 1 valuation models. Cautious scenario 1,475 KRW, optimistic scenario 2,950 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the MINDs Lab Inc. stock forecast for 2026?
Our models put fair value at 1,976 KRW, about 74% lower versus a price of 7,660 KRW (overvalued). Cautious scenario 1,475 KRW, optimistic scenario 2,950 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of MINDs Lab Inc. (377480)?
MINDs Lab Inc. reported trailing-twelve-month revenue of about 8.1B KRW (latest available figure, as of Nov 3, 2026).
What is the intrinsic value of MINDs Lab Inc. (377480)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MINDs Lab Inc. it is 1,976 KRW per share (as of Nov 3, 2026), against a price of 7,660 KRW. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is MINDs Lab Inc. stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 377480 trades above its calculated fair value: price 7,660 KRW, fair value 1,976 KRW, a gap of about −74% (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 377480?
No. The price is what the market pays today (7,660 KRW); the fair value is what the company's own numbers justify (1,976 KRW). For MINDs Lab Inc. the two are 5,684 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is MINDs Lab Inc. worth?
The market values MINDs Lab Inc. at about 56.6B KRW (market capitalisation, as of Nov 3, 2026). Per share that is 7,660 KRW; our models calculate a fair value of 1,976 KRW per share.
What do the bullish and bearish scenarios say about 377480?
Our models span a range for MINDs Lab Inc.: cautious scenario 1,475 KRW, base 1,976 KRW, optimistic 2,950 KRW per share (as of Nov 3, 2026, price 7,660 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of MINDs Lab Inc. (377480)?
Balance-sheet figures for MINDs Lab Inc. (as of Nov 3, 2026): return on equity −19.8%, debt of 0.61 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is 377480 from its 52-week high?
MINDs Lab Inc. trades at 7,660 KRW, about 69% below its 52-week high of 24,350 KRW and at the low of 7,660 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,976 KRW is for.
Which stocks are comparable to MINDs Lab 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 MINDs Lab Inc. stock attractive at the current price?
The data as of Nov 3, 2026: price 7,660 KRW, calculated fair value 1,976 KRW (−74%), 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 377480 calculated?
We run MINDs Lab Inc. through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 1,976 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. MINDs Lab 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 MINDs Lab Inc. (377480)?
The closing price on Nov 6, 2026 was 7,660 KRW. Our model-based fair value is 1,976 KRW, about 74% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MINDs Lab Inc. right now?
The price sits above even our optimistic bull case (2,950 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 (1,475 KRW to 2,950 KRW) leaves room in how you read the outcome.
Key figures of MINDs Lab Inc.
How large is the market capitalisation of MINDs Lab Inc. (377480)?
The market capitalisation of MINDs Lab Inc. is 56.6B KRW (≈ $41.5M). 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 MINDs Lab Inc. (377480)?
The price-to-sales ratio of MINDs Lab Inc. is 8.21 (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 MINDs Lab Inc. (377480)?
Earnings per share at MINDs Lab Inc. are −713.81 KRW. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of MINDs Lab Inc. (377480)?
The net margin of MINDs Lab Inc. is −62.6% (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 MINDs Lab Inc. (377480)?
The return on equity (ROE) of MINDs Lab Inc. is −19.8% (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 MINDs Lab Inc. (377480)?
On an EBIT basis the return on assets of MINDs Lab Inc. is −13.5% (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 MINDs Lab Inc. (377480)?
The operating margin of MINDs Lab Inc. is −315% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MINDs Lab Inc. (377480)?
Revenue at MINDs Lab Inc. is growing −58.2% versus a year earlier (3y avg +5.9%). 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 MINDs Lab Inc. (377480) generate?
The free cash flow of MINDs Lab Inc. is −6.3B 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 MINDs Lab Inc. (377480) carry?
The net debt of MINDs Lab Inc. is 3.0B 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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Thin data
Nov 3, 2026