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88(Thailand) Public Company Limited (88TH) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of 88(Thailand) Public Company Limited THB 10.62, price THB 3.54, upside +200.0%, quality 84 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Consumer Defensive · TH

8T Thin data Sep 23, 2026

88(Thailand) Public Company Limited

88TH · BK

Strongly undervaluedStrong Fair Value upside with high Quality.

✓Fair value 10.62 THB · Strongly undervalued (+200%)
✓Quality 84/100
✓Healthy Growth (revenue YoY +37.6 %/yr)
✓Solidly profitable · 13.9% net margin (TTM)
✓generates free cash flow
·5.23% dividend yield
✓Ranks above peers (10/13)
✓Wide moat 74/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

7.87 THB 3.54 THB Fair Value 10.62 THB Oct 2025 Sep 2026

White line = price, green steps = our fair value per fiscal year. As of Sep 23, 2026.

How to read this chart

12‑month range 3.54 THB – 7.87 THB · fair‑value band 7.33 THB – 15.78 THB · the 3.54 THB price screens below the 10.62 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 23, 2026.

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Company profile

88(Thailand) Public Company Limited manufactures and distributes cosmetics and dietary supplements. Its brands include the Ver.88, Lyo, and Hone names. The company was founded in 2015 and is based in Bangkok, Thailand.

Stock analysis

88(Thailand) Public Company Limited (88TH) currently trades at 3.54 THB, while our model-based Fair Value estimate is 10.62 THB, implying the stock looks roughly 66.7% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 21.76 THB per share, and 25 of the 26 models we run sit above the 3.54 THB price.

Bear case: the Asset-Based group reads lowest at 1.53 THB, and 1 of the 26 models stay below the price. Evidence for this calculation is low.

Scenario range: 7.33 THB (bear) to 15.78 THB (bull), the price of 3.54 THB sits below 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 84/100 (high quality), in the Consumer Defensive sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

88(Thailand) Public Company Limited reported revenue of 658M THB in FY2025 versus 364M THB in FY2023, a compound +34.4%/yr. Reported net income was 101M THB in FY2025, compounding +97.4%/yr from FY2023.

Key figures

Market cap 867M THB (≈ $25.9M) · P/E ratio 7.5 · P/S ratio 1.16 · EPS (TTM) 0.4700 THB · Dividend yield 5.2% · Net margin 15.4% · Return on equity 25.0% · Return on assets (EBIT) 23.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).

What moves the price

The share trades about 55% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at −14% fair-value upside, at 200%, 88TH screens cheaper than that median.

Fair Value models

Bear 7.33 THB Fair Value 10.62 THB Bull 15.78 THB
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 (0.2093 THB 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.
Highest evidence
EPV 5.97 THB 6.65 THB 7.24 THB 68
FCF DCF 10.36 THB 15.05 THB 29.68 THB 66
Growth DCF 9.83 THB 17.20 THB 29.09 THB 65
All 26 models by family
DCF Models
FCF DCF 10.36 THB 15.05 THB 29.68 THB 66
Owner Earnings 9.35 THB 18.70 THB 37.59 THB 61
5Y Revenue Exit 6.72 THB 9.79 THB 16.15 THB 61
5Y EBITDA Exit 8.80 THB 14.00 THB 24.17 THB 62
5Y P/E Exit 9.68 THB 19.26 THB 32.26 THB 58
10Y Revenue Exit 7.75 THB 13.55 THB 16.79 THB 57
10Y EBITDA Exit 9.38 THB 17.93 THB 32.56 THB 55
10Y P/E Exit 10.00 THB 19.77 THB 35.70 THB 52
Earnings-Based
Graham-Dodd 3.23 THB 22.54 THB 31.63 THB 56
Lynch FV 11.65 THB 16.64 THB 21.63 THB 54
PEG = 1.0 11.65 THB 16.64 THB 21.63 THB 51
EPV 5.97 THB 6.65 THB 7.24 THB 68
Dividend Discount
Gordon GGM 2.53 THB 5.04 THB 7.63 THB 59
DDM Multi-Stage 2.53 THB 4.36 THB 5.32 THB 59
Multiples
P/E Multiple 7.49 THB 9.98 THB 12.48 THB 63
P/S Multiple 3.71 THB 4.95 THB 6.19 THB 58
P/B Multiple 6.06 THB 8.08 THB 10.10 THB 55
EV/EBIT 9.31 THB 11.85 THB 14.40 THB 63
EV/EBITDA 7.97 THB 10.07 THB 12.17 THB 64
EV/Revenue 4.91 THB 6.31 THB 7.70 THB 52
Asset-Based
NCAV (Graham) 1.15 THB 1.53 THB 2.29 THB 51
Growth DCF
Growth DCF 9.83 THB 17.20 THB 29.09 THB 65
Rev-Margin DCF 7.21 THB 10.97 THB 18.87 THB 60
Economic Profit
Residual Income 2.94 THB 3.67 THB 10.96 THB 57
ROIC Compounder 6.73 THB 8.64 THB 10.93 THB 63
Growth Earnings
Growth-Adj P/E 15.23 THB 21.76 THB 28.29 THB 60

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Quality Score breakdown

Overall quality 84/100

Of which business quality 82 · Market factors (momentum, volatility) 17

Profitability 86
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 32
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)

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Revenue & earnings trend

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. 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 1 usable fiscal years, at least 4 required
not computed

Growth Forecast

Little optimism in the price
The price assumes less 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).
−19.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about −20.6% a year for the price.

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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.Household & Personal Products · 251 stocks

Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 84 · Top 25%
Fair Value upside +200% · Top 25%
Profitability
Return on equity (TTM) 25% · Top 25%
Return on assets 19% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 17% · Top 25%
Growth and dividend
Revenue growth −3% · Below median
Dividend yield (TTM) 5.2% · Top 25%

Valuation Multiplesvs Household & Personal Products median · lower = cheaper

P/E (TTM) 7.5× · Cheapest 25%
P/B 1.78× · Pricier than median
P/S (TTM) 1.33× · Pricier than median
P/FCF 0.2× · Cheapest 25%
EV/EBITDA 4.4× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 33
FUTURE (revenue growth)0 · sector 8
PAST (return on equity)100 · sector 27
HEALTH (low debt)0 · sector 98
DIVIDEND (yield)100 · sector 55

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Household & Personal Products stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Colgate-Palmolive Company CL $85.93 $55.95 −35%
Hindustan Unilever Limited HINDUNILVR ₹1,950 ₹775.25 −60%
Kenvue Inc KVUE $17.86 $12.73 −29%
Kimberly-Clark Corporation KMB $97.70 $83.93 −14%
Henkel AG HEN €68.50 €80.96 +18%
The Estée Lauder Companies Inc EL $98.83 $27.22 −72%
Church & Dwight Co CHD $96.02 $65.12 −32%
Beiersdorf Aktiengesellschaft, BEI €78.18 €68.95 −12%
Puig Brands, S.A PUIG €17.56 €19.32 +10%
The Clorox Company CLX $87.15 $104.53 +20%

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Cite: Fair Value Calculator (2026). "88(Thailand) Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/88TH

Frequently asked questions

Is 88(Thailand) Public Company Limited (88TH) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 10.62 THB versus a price of 3.54 THB, about +200% upside (undervalued).
What is the fair value of 88TH?
Our model-based fair value for 88(Thailand) Public Company Limited is 10.62 THB (as of Sep 23, 2026), built from audited fundamentals. The current price: 3.54 THB.
What is the quality score of 88TH?
88(Thailand) Public Company Limited has a Quality Score of 84/100. 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 88(Thailand) Public Company Limited (88TH)?
Our model-based price target is the fair value of 10.62 THB (as of Sep 23, 2026) from 26 valuation models. Cautious scenario 7.33 THB, optimistic scenario 15.78 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the 88(Thailand) Public Company Limited stock forecast for 2026?
Our models put fair value at 10.62 THB, about +200% upside versus a price of 3.54 THB (undervalued). Cautious scenario 7.33 THB, optimistic scenario 15.78 THB. The calculation is refreshed regularly with new filings.
What is the revenue of 88(Thailand) Public Company Limited (88TH)?
88(Thailand) Public Company Limited reported trailing-twelve-month revenue of about 654M THB (latest available figure, as of Sep 23, 2026).
Does 88(Thailand) Public Company Limited pay a dividend?
88(Thailand) Public Company Limited currently shows a dividend yield of about 5.23% relative to its recent price (as of Sep 23, 2026).
What growth is priced into 88(Thailand) Public Company Limited (88TH)?
For today's price to be fair in a discounted-cash-flow model, 88(Thailand) Public Company Limited would have to grow free cash flow by -19.6 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +34.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 88TH use?
Our models discount 88(Thailand) Public Company Limited at 11.6 %: a base by market capitalisation (nano), country premium for Thailand. 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 88(Thailand) Public Company Limited that is -19.6 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has 88(Thailand) Public Company Limited (88TH) delivered so far?
Over the past 2 years revenue at 88(Thailand) Public Company Limited grew +34.4 % a year. The price currently implies -19.6 % 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 88(Thailand) Public Company Limited (88TH) growing?
The median revenue growth in the sector is +0.5 % a year. That is the yardstick for the growth priced into 88(Thailand) Public Company Limited (-19.6 % 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 88(Thailand) Public Company Limited (88TH)?
The free-cash-flow yield on the price is 15.39 %: that much free cash flow 88(Thailand) Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of 88(Thailand) Public Company Limited (88TH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For 88(Thailand) Public Company Limited it is 10.62 THB per share (as of Sep 23, 2026), against a price of 3.54 THB. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is 88(Thailand) Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 88TH trades below its calculated fair value: price 3.54 THB, fair value 10.62 THB, a gap of about +200% (undervalued). 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 88TH?
No. The price is what the market pays today (3.54 THB); the fair value is what the company's own numbers justify (10.62 THB). For 88(Thailand) Public Company Limited the two are 7.08 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is 88(Thailand) Public Company Limited worth?
The market values 88(Thailand) Public Company Limited at about 867M THB (market capitalisation, as of Sep 23, 2026). Per share that is 3.54 THB; our models calculate a fair value of 10.62 THB per share.
What do the bullish and bearish scenarios say about 88TH?
Our models span a range for 88(Thailand) Public Company Limited: cautious scenario 7.33 THB, base 10.62 THB, optimistic 15.78 THB per share (as of Sep 23, 2026, price 3.54 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 88TH?
88(Thailand) Public Company Limited trades at a price-to-earnings ratio of 7.5 (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 10.62 THB is built from several models across several years. Other multiples: P/B 1.8, P/S 1.3, EV/EBITDA 4.4.
How solid is the balance sheet of 88(Thailand) Public Company Limited (88TH)?
Balance-sheet figures for 88(Thailand) Public Company Limited (as of Sep 23, 2026): return on equity 25.0%. They feed the Quality Score of 84/100, which measures business quality independently of the share price.
How far is 88TH from its 52-week high?
88(Thailand) Public Company Limited trades at 3.54 THB, about 55% below its 52-week high of 7.87 THB and at the low of 3.54 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 10.62 THB is for.
Which stocks are comparable to 88(Thailand) Public Company Limited?
From the same area (Consumer Defensive) we also value Colgate-Palmolive Company, Hindustan Unilever Limited, Kenvue Inc, Kimberly-Clark Corporation, 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 88(Thailand) Public Company Limited stock attractive at the current price?
The data as of Sep 23, 2026: price 3.54 THB, calculated fair value 10.62 THB (+200%), Quality Score 84/100, 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 88TH calculated?
We run 88(Thailand) Public Company Limited 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 10.62 THB, 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 14.0 % above its aggregate fair value. 88(Thailand) Public Company Limited currently trades 200 % below its own fair value, and the market average says nothing about that. 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 88(Thailand) Public Company Limited (88TH)?
The closing price on Sep 24, 2026 was 3.54 THB. Our model-based fair value is 10.62 THB, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with 88(Thailand) Public Company Limited right now?
The rarer combination: high quality (84/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (7.33 THB). The market is more pessimistic than our downside scenario. 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 (7.33 THB to 15.78 THB) leaves room in how you read the outcome.

Key figures of 88(Thailand) Public Company Limited

How large is the market capitalisation of 88(Thailand) Public Company Limited (88TH)?
The market capitalisation of 88(Thailand) Public Company Limited is 867M THB (≈ $25.9M). 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 88(Thailand) Public Company Limited (88TH)?
The price-to-sales ratio of 88(Thailand) Public Company Limited is 1.16 (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 88(Thailand) Public Company Limited (88TH)?
Earnings per share at 88(Thailand) Public Company Limited are 0.4700 THB (price ÷ EPS = P/E 7.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of 88(Thailand) Public Company Limited (88TH)?
The dividend yield of 88(Thailand) Public Company Limited is 5.2% (payout 39.4%). 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 88(Thailand) Public Company Limited (88TH)?
The net margin of 88(Thailand) Public Company Limited is 15.4% (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 88(Thailand) Public Company Limited (88TH)?
The return on equity (ROE) of 88(Thailand) Public Company Limited is 25.0% (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 88(Thailand) Public Company Limited (88TH)?
On an EBIT basis the return on assets of 88(Thailand) Public Company Limited is 23.6% (avg 2y). 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 88(Thailand) Public Company Limited (88TH)?
The operating margin of 88(Thailand) Public Company Limited is 16.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at 88(Thailand) Public Company Limited (88TH)?
Revenue at 88(Thailand) Public Company Limited is growing −2.7% versus a year earlier. 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 88(Thailand) Public Company Limited (88TH)?
Earnings per share at 88(Thailand) Public Company Limited are growing −45.0% versus a year earlier. How much earnings per share grew versus a year earlier.
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