Tibet Tianlu Co Ltd (600326) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Tibet Tianlu Co Ltd ¥2.89, price ¥7.22, upside -60.0%, quality 48 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
60‑month range ¥2.75 – ¥19.15 · fair‑value band ¥2.09 – ¥3.69 · the ¥7.22 price screens above the ¥2.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Xizang Tianlu Co., Ltd. engages in general contracting business in China.
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Xizang Tianlu Co., Ltd. engages in general contracting business in China. It is involved in the general contracting of highway engineering construction, building, municipal public, railway engineering, power engineering, electromechanical engineering, and water conservancy and hydropower engineering construction works; professional contracting of bridge engineering, highway pavement construction, and road subgrade engineering works; and engineering contracting activities. The company also engages in the production and sales of cement, concrete, sand, gravel, aggregates, and ores; research and development, production, wholesale, retail, and sales of building materials; exploration, mining, processing, and sale of mineral resources; processing and sale of asphalt mixture; construction labor services; photovoltaic power generation; and financial leasing. Xizang Tianlu Co., Ltd. was founded in 1999 and is based in Lhasa, China.
Stock analysis
Tibet Tianlu Co Ltd (600326) currently trades at ¥7.22, while our model-based Fair Value estimate is ¥2.89, implying the stock looks roughly 149.8% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥5.11 per share, and 0 of the 14 models we run sit above the ¥7.22 price.
Bear case: the Earnings-Based group reads lowest at ¥1.11, and 14 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: ¥2.09 (bear) to ¥3.69 (bull), the price of ¥7.22 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 48/100 (below-average 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.
Tibet Tianlu Co Ltd reported revenue of 3.6B CNY in FY2025 versus 5.8B CNY in FY2021, a compound −11.5%/yr. Reported net income was −56.8M CNY in FY2025.
Key figures
Market cap 9.8B CNY (≈ $1.5B) · P/E ratio 361.0 · P/S ratio 2.73 · EPS (TTM) ¥0.0200 · Dividend yield 1.2% · Net margin −1.6% · Return on equity 0.6% · Return on assets (EBIT) −1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 44% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −60%, 600326 screens richer than that median.
Fair Value models
Bear ¥2.09Fair Value ¥2.89Bull ¥3.69
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.0146 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.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.38/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+13.2%
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.
−2.6%
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.
−12.9%
Start year 2020 (pandemic). Over 10 years: +5.5% a year
Revenue growth 28 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.
+11.3%
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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.
12.5% (2020) → 0.5% (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
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+17.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +15.4% a year for the price.
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.Engineering & Construction · 822 stocks
Beats the industry median on 1/14 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−60% · Bottom 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets0% · Bottom 25%
Net margin (TTM)1% · Below median
Operating margin (TTM)−23% · Bottom 25%
Growth and dividend
Revenue growth6% · Above median
Dividend yield (TTM)1.2% · Below median
Balance sheet
Debt / equity0.17× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (TTM)361.0× · Priciest 25%
P/B2.49× · Pricier than median
P/S (TTM)2.75× · Priciest 25%
P/FCF5.7× · Pricier than median
EV/EBITDA30.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 24
FUTURE (revenue growth)32· sector 13
PAST (return on equity)2· sector 27
HEALTH (low debt)91· sector 94
DIVIDEND (yield)24· sector 40
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). "Tibet Tianlu Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600326
Frequently asked questions
Is Tibet Tianlu Co Ltd (600326) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥2.89 versus a price of ¥7.22, about −60% upside (overvalued).
What is the fair value of 600326?
Our model-based fair value for Tibet Tianlu Co Ltd is ¥2.89 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥7.22.
What is the quality score of 600326?
Tibet Tianlu Co Ltd has a Quality Score of 48/100. 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 Tibet Tianlu Co Ltd (600326)?
Our model-based price target is the fair value of ¥2.89 (as of Sep 24, 2026) from 14 valuation models. Cautious scenario ¥2.09, optimistic scenario ¥3.69. It is a calculation from audited fundamentals, not an analyst target.
What is the Tibet Tianlu Co Ltd stock forecast for 2026?
Our models put fair value at ¥2.89, about −60% upside versus a price of ¥7.22 (overvalued). Cautious scenario ¥2.09, optimistic scenario ¥3.69. The calculation is refreshed regularly with new filings.
What is the revenue of Tibet Tianlu Co Ltd (600326)?
Tibet Tianlu Co Ltd reported trailing-twelve-month revenue of about 3.6B CNY (latest available figure, as of Sep 24, 2026).
Does Tibet Tianlu Co Ltd pay a dividend?
Tibet Tianlu Co Ltd currently shows a dividend yield of about 1.22% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Tibet Tianlu Co Ltd (600326)?
For today's price to be fair in a discounted-cash-flow model, Tibet Tianlu Co Ltd would have to grow free cash flow by +17.3 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -12.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 600326 use?
Our models discount Tibet Tianlu Co Ltd at 9.1 %: a base by market capitalisation (mid), damped by beta 0.38, country premium for China. 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 Tibet Tianlu Co Ltd that is +17.3 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Tibet Tianlu Co Ltd (600326) delivered so far?
Over the past 5 years revenue at Tibet Tianlu Co Ltd grew -12.9 % a year. The price currently implies +17.3 % per year free-cash-flow growth a 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 Tibet Tianlu Co Ltd (600326) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Tibet Tianlu Co Ltd (+17.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tibet Tianlu Co Ltd (600326)?
The free-cash-flow yield on the price is 2.64 %: that much free cash flow Tibet Tianlu Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tibet Tianlu Co Ltd (600326)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tibet Tianlu Co Ltd it is ¥2.89 per share (as of Sep 24, 2026), against a price of ¥7.22. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Tibet Tianlu Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 600326 trades above its calculated fair value: price ¥7.22, fair value ¥2.89, a gap of about −60% (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 600326?
No. The price is what the market pays today (¥7.22); the fair value is what the company's own numbers justify (¥2.89). For Tibet Tianlu Co Ltd the two are ¥4.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tibet Tianlu Co Ltd worth?
The market values Tibet Tianlu Co Ltd at about 9.8B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥7.22; our models calculate a fair value of ¥2.89 per share.
What do the bullish and bearish scenarios say about 600326?
Our models span a range for Tibet Tianlu Co Ltd: cautious scenario ¥2.09, base ¥2.89, optimistic ¥3.69 per share (as of Sep 24, 2026, price ¥7.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600326?
Tibet Tianlu Co Ltd trades at a price-to-earnings ratio of 361.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥2.89 is built from several models across several years. Other multiples: P/B 2.5, P/S 2.8, EV/EBITDA 30.1.
How solid is the balance sheet of Tibet Tianlu Co Ltd (600326)?
Balance-sheet figures for Tibet Tianlu Co Ltd (as of Sep 24, 2026): return on equity 0.6%, debt of 0.17 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 600326 from its 52-week high?
Tibet Tianlu Co Ltd trades at ¥7.22, about 44% below its 52-week high of ¥12.92 and 18% above the low of ¥6.10 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.89 is for.
Which stocks are comparable to Tibet Tianlu Co Ltd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 Tibet Tianlu Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price ¥7.22, calculated fair value ¥2.89 (−60%), Quality Score 48/100, from 14 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 600326 calculated?
We run Tibet Tianlu Co Ltd through 14 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 ¥2.89, 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. Tibet Tianlu Co Ltd 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 Tibet Tianlu Co Ltd (600326)?
The closing price on Sep 23, 2026 was ¥7.22. Our model-based fair value is ¥2.89, about −60% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tibet Tianlu Co Ltd right now?
The price sits above even our optimistic bull case (¥3.69). The favourable scenario is already priced in. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Tibet Tianlu Co Ltd
How large is the market capitalisation of Tibet Tianlu Co Ltd (600326)?
The market capitalisation of Tibet Tianlu Co Ltd is 9.8B CNY (≈ $1.5B). 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 Tibet Tianlu Co Ltd (600326)?
The price-to-sales ratio of Tibet Tianlu Co Ltd is 2.73 (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 Tibet Tianlu Co Ltd (600326)?
Earnings per share at Tibet Tianlu Co Ltd are ¥0.0200 (price ÷ EPS = P/E 361.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tibet Tianlu Co Ltd (600326)?
The dividend yield of Tibet Tianlu Co Ltd is 1.2%. 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 Tibet Tianlu Co Ltd (600326)?
The net margin of Tibet Tianlu Co Ltd is −1.6% (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 Tibet Tianlu Co Ltd (600326)?
The return on equity (ROE) of Tibet Tianlu Co Ltd is 0.6% (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 Tibet Tianlu Co Ltd (600326)?
On an EBIT basis the return on assets of Tibet Tianlu Co Ltd is −1.7% (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 Tibet Tianlu Co Ltd (600326)?
The operating margin of Tibet Tianlu Co Ltd is −23.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tibet Tianlu Co Ltd (600326)?
Revenue at Tibet Tianlu Co Ltd is growing +6.4% versus a year earlier (3y avg −2.6%). 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 Tibet Tianlu Co Ltd (600326)?
Earnings per share at Tibet Tianlu Co Ltd are growing +90.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Tibet Tianlu Co Ltd (600326) carry?
The net debt of Tibet Tianlu Co Ltd is 435M CNY (fiscal year 2024, ≈ 1.7 yrs of FCF). 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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