Chongqing Wangbian Electric (Group) Corp. Ltd. (603191) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Chongqing Wangbian Electric (Group) Corp. Ltd. ¥5.74, price ¥13.42, upside -57.2%, quality 49 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 23, 2026.
How to read this chart
53‑month range ¥9.92 – ¥29.99 · fair‑value band ¥4.02 – ¥7.46 · the ¥13.42 price screens above the ¥5.74 fair value. Dashed = 300-day average. As of Sep 23, 2026.
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Chongqing Wangbian Electric (Group) Corp., Ltd. engages in the research and development, production, and sale of power transmission and distribution and control equipment, and grain-oriented silicon steel products in China.
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Chongqing Wangbian Electric (Group) Corp., Ltd. engages in the research and development, production, and sale of power transmission and distribution and control equipment, and grain-oriented silicon steel products in China. The company offers power transformers, prefabricated substations, integrated transformer-charger units, complete sets of electrical equipment, and iron core phases, which are used in power, agriculture, industry, commercial and residential electricity, and infrastructure construction sectors; general-grained silicon steel (CGO) and high-grained silicon steel (HiB), which are used in the manufacture of power transformer cores, as well as by power transformer and motor manufacturers. It is also involved in the electric vehicle charging business. The company was founded in 1994 and is based in Chongqing, China.
Stock analysis
Chongqing Wangbian Electric (Group) Corp. Ltd. (603191) currently trades at ¥13.42, while our model-based Fair Value estimate is ¥5.74, implying the stock looks roughly 133.8% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ¥8.51 per share, and 4 of the 26 models we run sit above the ¥13.42 price.
Bear case: the Dividend Discount group reads lowest at ¥3.01, and 22 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ¥4.02 (bear) to ¥7.46 (bull), the price of ¥13.42 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 49/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Chongqing Wangbian Electric (Group) Corp. Ltd. reported revenue of 3.9B CNY in FY2025 versus 1.9B CNY in FY2021, a compound +19.3%/yr. Reported net income was 69.2M CNY in FY2025, compounding −21.0%/yr from FY2021.
Key figures
Market cap 4.5B CNY (≈ $666M) · P/E ratio 63.9 · P/S ratio 1.13 · EPS (TTM) ¥0.2100 · Dividend yield 0.4% · Net margin 1.8% · Return on equity 2.8% · Return on assets (EBIT) 6.3%.
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 50% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −57%, 603191 screens richer than that median.
Fair Value models
Bear ¥4.02Fair Value ¥5.74Bull ¥7.46
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 (¥0.1170 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.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+16.9%
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.
+15.7%
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.
+24.7%
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.
+23.4%
’19
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−17.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−18.2%
Dividend (yield on the price)0.4%
Profit margin 2020 to 2025 ⓘ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.15% → 4%
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).
+36.8%
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 +34.5% a year for the price.
Compare Chongqing Wangbian Electric (Group) Corp. Ltd. with another stock
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.Electrical Equipment & Parts · 550 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−58% · Below median
Profitability
Return on equity (TTM)3% · Below median
Return on assets1% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth13% · Above median
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity0.61× · Highest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)63.9× · Priciest 25%
P/B1.81× · Cheaper than median
P/S (TTM)1.13× · Cheaper than median
P/FCF10.1× · Pricier than median
EV/EBITDA14.9× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)65· sector 58
PAST (return on equity)11· sector 26
HEALTH (low debt)69· sector 97
DIVIDEND (yield)7· sector 22
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). "Chongqing Wangbian Electric (Group) Corp. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/603191
Frequently asked questions
Is Chongqing Wangbian Electric (Group) Corp. Ltd. (603191) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of ¥5.74 versus a price of ¥13.42, about −57% upside (overvalued).
What is the fair value of 603191?
Our model-based fair value for Chongqing Wangbian Electric (Group) Corp. Ltd. is ¥5.74 (as of Sep 23, 2026), built from audited fundamentals. The current price: ¥13.42.
What is the quality score of 603191?
Chongqing Wangbian Electric (Group) Corp. Ltd. has a Quality Score of 49/100. 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 Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
Our model-based price target is the fair value of ¥5.74 (as of Sep 23, 2026) from 26 valuation models. Cautious scenario ¥4.02, optimistic scenario ¥7.46. It is a calculation from audited fundamentals, not an analyst target.
What is the Chongqing Wangbian Electric (Group) Corp. Ltd. stock forecast for 2026?
Our models put fair value at ¥5.74, about −57% upside versus a price of ¥13.42 (overvalued). Cautious scenario ¥4.02, optimistic scenario ¥7.46. The calculation is refreshed regularly with new filings.
What is the revenue of Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
Chongqing Wangbian Electric (Group) Corp. Ltd. reported trailing-twelve-month revenue of about 4.0B CNY (latest available figure, as of Sep 23, 2026).
Does Chongqing Wangbian Electric (Group) Corp. Ltd. pay a dividend?
Chongqing Wangbian Electric (Group) Corp. Ltd. currently shows a dividend yield of about 0.37% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
For today's price to be fair in a discounted-cash-flow model, Chongqing Wangbian Electric (Group) Corp. Ltd. would have to grow free cash flow by +36.8 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.7 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 603191 use?
Our models discount Chongqing Wangbian Electric (Group) Corp. Ltd. at 10.4 %: a base by market capitalisation (mid), damped by beta 1.01, 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 Chongqing Wangbian Electric (Group) Corp. Ltd. that is +36.8 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Chongqing Wangbian Electric (Group) Corp. Ltd. (603191) delivered so far?
Over the past 5 years revenue at Chongqing Wangbian Electric (Group) Corp. Ltd. grew +24.7 % a year. The price currently implies +36.8 % 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 Chongqing Wangbian Electric (Group) Corp. Ltd. (603191) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Chongqing Wangbian Electric (Group) Corp. Ltd. (+36.8 % 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 Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
The free-cash-flow yield on the price is 1.50 %: that much free cash flow Chongqing Wangbian Electric (Group) Corp. Ltd. produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chongqing Wangbian Electric (Group) Corp. Ltd. it is ¥5.74 per share (as of Sep 23, 2026), against a price of ¥13.42. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Chongqing Wangbian Electric (Group) Corp. Ltd. stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 603191 trades above its calculated fair value: price ¥13.42, fair value ¥5.74, a gap of about −57% (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 603191?
No. The price is what the market pays today (¥13.42); the fair value is what the company's own numbers justify (¥5.74). For Chongqing Wangbian Electric (Group) Corp. Ltd. the two are ¥7.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is Chongqing Wangbian Electric (Group) Corp. Ltd. worth?
The market values Chongqing Wangbian Electric (Group) Corp. Ltd. at about 4.5B CNY (market capitalisation, as of Sep 23, 2026). Per share that is ¥13.42; our models calculate a fair value of ¥5.74 per share.
What do the bullish and bearish scenarios say about 603191?
Our models span a range for Chongqing Wangbian Electric (Group) Corp. Ltd.: cautious scenario ¥4.02, base ¥5.74, optimistic ¥7.46 per share (as of Sep 23, 2026, price ¥13.42). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603191?
Chongqing Wangbian Electric (Group) Corp. Ltd. trades at a price-to-earnings ratio of 63.9 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥5.74 is built from several models across several years. Other multiples: P/B 1.8, P/S 1.1, EV/EBITDA 14.9.
How solid is the balance sheet of Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
Balance-sheet figures for Chongqing Wangbian Electric (Group) Corp. Ltd. (as of Sep 23, 2026): return on equity 2.8%, debt of 0.61 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 603191 from its 52-week high?
Chongqing Wangbian Electric (Group) Corp. Ltd. trades at ¥13.42, about 50% below its 52-week high of ¥26.63 and 10% above the low of ¥12.18 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥5.74 is for.
Which stocks are comparable to Chongqing Wangbian Electric (Group) Corp. Ltd.?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Chongqing Wangbian Electric (Group) Corp. Ltd. stock attractive at the current price?
The data as of Sep 23, 2026: price ¥13.42, calculated fair value ¥5.74 (−57%), Quality Score 49/100, from 26 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 603191 calculated?
We run Chongqing Wangbian Electric (Group) Corp. Ltd. through 26 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 ¥5.74, 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. Chongqing Wangbian Electric (Group) Corp. 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 Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
The closing price on Sep 23, 2026 was ¥13.42. Our model-based fair value is ¥5.74, about −57% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chongqing Wangbian Electric (Group) Corp. Ltd. right now?
The price sits above even our optimistic bull case (¥7.46). The favourable scenario is already priced in. Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥4.02 to ¥7.46) leaves room in how you read the outcome.
Key figures of Chongqing Wangbian Electric (Group) Corp. Ltd.
How large is the market capitalisation of Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
The market capitalisation of Chongqing Wangbian Electric (Group) Corp. Ltd. is 4.5B CNY (≈ $666M). 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 Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
The price-to-sales ratio of Chongqing Wangbian Electric (Group) Corp. Ltd. is 1.13 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
Earnings per share at Chongqing Wangbian Electric (Group) Corp. Ltd. are ¥0.2100 (price ÷ EPS = P/E 63.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
The dividend yield of Chongqing Wangbian Electric (Group) Corp. Ltd. is 0.4% (payout 23.8%). 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 Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
The net margin of Chongqing Wangbian Electric (Group) Corp. Ltd. is 1.8% (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 Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
The return on equity (ROE) of Chongqing Wangbian Electric (Group) Corp. Ltd. is 2.8% (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 Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
On an EBIT basis the return on assets of Chongqing Wangbian Electric (Group) Corp. Ltd. is 6.3% (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 Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
The operating margin of Chongqing Wangbian Electric (Group) Corp. Ltd. is 3.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chongqing Wangbian Electric (Group) Corp. Ltd. (603191)?
Revenue at Chongqing Wangbian Electric (Group) Corp. Ltd. is growing +13.0% versus a year earlier (3y avg +15.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Chongqing Wangbian Electric (Group) Corp. Ltd. (603191) carry?
The net debt of Chongqing Wangbian Electric (Group) Corp. Ltd. is 403M CNY (fiscal year 2025, ≈ 6.0 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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