MINDs Lab Inc. (377480) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of MINDs Lab Inc. KRW 1,976, price KRW 10,350, upside -80.9%, quality 32 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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
58‑month range 7,890 KRW – 38,600 KRW · fair‑value band 1,475 KRW – 2,950 KRW · the 10,350 KRW price screens above the 1,976 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 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 10,350 KRW, while our model-based Fair Value estimate is 1,976 KRW, implying the stock looks roughly 423.8% 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: 1,475 KRW (bear) to 2,950 KRW (bull), the price of 10,350 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 32/100 (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 73.6B KRW (≈ $51.5M) · P/S ratio 9.72 · Net margin −78.0% · Return on equity −23.8% · Return on assets (EBIT) −13.5% · Operating margin −122% · Revenue (TTM) 9.4B KRW · Revenue growth (YoY) −16.5%.
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 61% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at −81%, 377480 screens richer than that median.
Fair Value models
Bear 1,475 KRWFair Value 1,976 KRWBull 2,950 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.
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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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 · 704 stocks
Beats the industry median on 0/7 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−81% · Bottom 25%
Profitability
Return on assets−8% · Bottom 25%
Net margin (TTM)−59% · Bottom 25%
Operating margin (TTM)−122% · Bottom 25%
Growth and dividend
Revenue growth−17% · Bottom 25%
Balance sheet
Debt / equity0.61× · Highest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 26
FUTURE (revenue growth)0· sector 38
PAST (return on equity)0· sector 16
HEALTH (low debt)69· sector 97
DIVIDEND (yield)0· sector 31
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 Sep 24, 2026, our model estimates a fair value of 1,976 KRW versus a price of 10,350 KRW, about −81% upside (overvalued).
What is the fair value of 377480?
Our model-based fair value for MINDs Lab Inc. is 1,976 KRW (as of Sep 24, 2026), built from audited fundamentals. The current price: 10,350 KRW.
What is the quality score of 377480?
MINDs Lab Inc. has a Quality Score of 32/100. 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 Sep 24, 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 −81% upside versus a price of 10,350 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 9.4B KRW (latest available figure, as of Sep 24, 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 Sep 24, 2026), against a price of 10,350 KRW. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is MINDs Lab Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 377480 trades above its calculated fair value: price 10,350 KRW, fair value 1,976 KRW, a gap of about −81% (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 (10,350 KRW); the fair value is what the company's own numbers justify (1,976 KRW). For MINDs Lab Inc. the two are 8,374 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 73.6B KRW (market capitalisation, as of Sep 24, 2026). Per share that is 10,350 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 Sep 24, 2026, price 10,350 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 Sep 24, 2026): return on equity −23.8%, debt of 0.61 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is 377480 from its 52-week high?
MINDs Lab Inc. trades at 10,350 KRW, about 61% below its 52-week high of 26,700 KRW (as of Sep 24, 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, Shopify Inc, Uber Technologies, Inc, Salesforce, 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 Sep 24, 2026: price 10,350 KRW, calculated fair value 1,976 KRW (−81%), Quality Score 32/100, 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 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 1,976 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 14.1 % 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 Sep 23, 2026 was 10,350 KRW. Our model-based fair value is 1,976 KRW, about −81% upside (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 (32/100) 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 73.6B KRW (≈ $51.5M). 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 9.72 (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 MINDs Lab Inc. (377480)?
The net margin of MINDs Lab Inc. is −78.0% (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 MINDs Lab Inc. (377480)?
The return on equity (ROE) of MINDs Lab Inc. is −23.8% (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 −122% (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 −16.5% 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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