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Zheshang Securities Co (601878) Fair Value & Analysis

Financial Services · CN · Market cap 43.1B CNY

Price¥9.67
Fair Value¥8.97
Upside-7.2%
Quality88/100
Evidence: Medium Range ¥6.72 – ¥11.21

Fair value as of: Jun 25, 2026

Analysis

Zheshang Securities Co (601878) currently trades at ¥9.67, while our model-based Fair Value estimate is ¥8.97 — implying the stock looks roughly 7.2% overvalued today. We read business quality at 88/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

About the company

Zheshang Securities Co., Ltd. provides investment and financing products and services in China. It offers brokerage services, including investment consulting and diverse wealth management services and solutions for margin trading and short selling; investment banking services comprising personalized and full-range capital market advisory services; asset management services, such as management of securities assets and publicly placed securities investment funds; proprietary investment activity; commodities futures and financial futures brokerage, futures investment consulting, and risk management; and research and advisory services. The company was founded in 2002 and is headquartered in Hangzhou, China.

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Frequently asked questions

Is Zheshang Securities Co (601878) undervalued?
As of Jun 25, 2026, our model estimates a fair value of ¥8.97 versus a price of ¥9.67 — about −7% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 601878?
Our 21-model fair value for Zheshang Securities Co is ¥8.97 (as of Jun 25, 2026), built from audited fundamentals. The current price is ¥9.67.
What is the quality score of 601878?
Zheshang Securities Co has a Quality Score of 88/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.