Bangkok Land Public Company Limited (BLAND) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Bangkok Land Public Company Limited THB 0.36, price THB 0.57, upside -36.8%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Bangkok Land Public Company Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
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 0.3725 THB – 1.06 THB · fair‑value band 0.2300 THB – 0.5200 THB · the 0.5700 THB price screens above the 0.3600 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Bangkok Land Public Company in your weekly email
Every Wednesday you see whether Bangkok Land Public Company is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Bangkok Land Public Company Limited engages in the real estate development, exhibition and convention, food and beverage sales, and hotel and education investment businesses in Thailand. It operates through Real Estate Business; Retail Business; Exhibition Center Business; and Other Service segments.
Show more
Bangkok Land Public Company Limited engages in the real estate development, exhibition and convention, food and beverage sales, and hotel and education investment businesses in Thailand. It operates through Real Estate Business; Retail Business; Exhibition Center Business; and Other Service segments. The company develops residential properties, such as single houses, town houses, and condominiums; and commercial properties, including shop-houses, high rise office buildings, shopping complexes, and community and retail malls. It also offers education, financing, project management, building management and maintenance, and property rental services; and real estate investment trust services. In addition, the company operates hotels, exhibition centers, and convention spaces, as well as a REIT manager. Bangkok Land Public Company Limited was founded in 1973 and is based in Nonthaburi, Thailand.
Stock analysis
Bangkok Land Public Company Limited (BLAND) currently trades at 0.5700 THB, while our model-based Fair Value estimate is 0.3600 THB, implying the stock looks roughly 58.3% overvalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of 1.91 THB per share, and 7 of the 16 models we run sit above the 0.5700 THB price.
Bear case: the Dividend Discount group reads lowest at 0.1100 THB, and 9 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.2300 THB (bear) to 0.5200 THB (bull), the price of 0.5700 THB 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 56/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bangkok Land Public Company Limited reported revenue of 4.6B THB in FY2026 versus 2.0B THB in FY2022, a compound +23.4%/yr. Reported net income was 660M THB in FY2026, compounding +3.6%/yr from FY2022.
Key figures
Market cap 9.9B THB (≈ $296M) · P/E ratio 14.3 · P/S ratio 2.04 · EPS (TTM) 0.0400 THB · Dividend yield 2.3% · Net margin 14.3% · Return on equity 2.2% · Return on assets (EBIT) 2.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at −37%, BLAND screens richer than that median.
Fair Value models
Bear 0.2300 THBFair Value 0.3600 THBBull 0.5200 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 2026 figures (about 6 months old). Earnings retained since then (0.0132 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.
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.75/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−11.3%
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.
+7.0%
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.
+8.2%
Start year 2021 (pandemic). Over 10 years: −0.9% a year
Revenue growth 26 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.
−3.9%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in THB ⓘ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. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−3.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.9%
Dividend (yield on the price)2.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−6% vs −9%, picking up
Profit margin 2021 to 2026 ⓘ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.−7% → 10%
Start year 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+10.4%
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 +9.1% a year for the price.
Compare Bangkok Land Public Company Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Real Estate Services · 547 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−37% · Below median
Profitability
Return on equity (TTM)2% · Below median
Return on assets1% · Below median
Net margin (TTM)14% · Above median
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth−13% · Bottom 25%
Dividend yield (TTM)2.3% · Below median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (TTM)14.3× · Pricier than median
P/B0.20× · Cheapest 25%
P/S (TTM)2.14× · Pricier than median
P/FCF0.4× · Cheapest 25%
EV/EBITDA8.6× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 38
FUTURE (revenue growth)0· sector 12
PAST (return on equity)9· sector 16
HEALTH (low debt)96· sector 83
DIVIDEND (yield)46· sector 65
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). "Bangkok Land Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/BLAND
Frequently asked questions
Is Bangkok Land Public Company Limited (BLAND) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.3600 THB versus a price of 0.5700 THB, about −37% upside (overvalued).
What is the fair value of BLAND?
Our model-based fair value for Bangkok Land Public Company Limited is 0.3600 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.5700 THB.
What is the quality score of BLAND?
Bangkok Land Public Company Limited has a Quality Score of 56/100. 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 Bangkok Land Public Company Limited (BLAND)?
Our model-based price target is the fair value of 0.3600 THB (as of Sep 24, 2026) from 16 valuation models. Cautious scenario 0.2300 THB, optimistic scenario 0.5200 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Bangkok Land Public Company Limited stock forecast for 2026?
Our models put fair value at 0.3600 THB, about −37% upside versus a price of 0.5700 THB (overvalued). Cautious scenario 0.2300 THB, optimistic scenario 0.5200 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Bangkok Land Public Company Limited (BLAND)?
Bangkok Land Public Company Limited reported trailing-twelve-month revenue of about 4.6B THB (latest available figure, as of Sep 24, 2026).
Does Bangkok Land Public Company Limited pay a dividend?
Bangkok Land Public Company Limited currently shows a dividend yield of about 2.28% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Bangkok Land Public Company Limited (BLAND)?
For today's price to be fair in a discounted-cash-flow model, Bangkok Land Public Company Limited would have to grow free cash flow by +10.4 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of BLAND use?
Our models discount Bangkok Land Public Company Limited at 13.1 %: a base by market capitalisation (micro), damped by beta 0.42, 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 Bangkok Land Public Company Limited that is +10.4 % per year a year over ten years, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has Bangkok Land Public Company Limited (BLAND) delivered so far?
Over the past 5 years revenue at Bangkok Land Public Company Limited grew +8.2 % a year. The price currently implies +10.4 % 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 Bangkok Land Public Company Limited (BLAND) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Bangkok Land Public Company Limited (+10.4 % 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 Bangkok Land Public Company Limited (BLAND)?
The free-cash-flow yield on the price is 6.94 %: that much free cash flow Bangkok Land Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bangkok Land Public Company Limited (BLAND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bangkok Land Public Company Limited it is 0.3600 THB per share (as of Sep 24, 2026), against a price of 0.5700 THB. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Bangkok Land Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BLAND trades above its calculated fair value: price 0.5700 THB, fair value 0.3600 THB, a gap of about −37% (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 BLAND?
No. The price is what the market pays today (0.5700 THB); the fair value is what the company's own numbers justify (0.3600 THB). For Bangkok Land Public Company Limited the two are 0.2100 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Bangkok Land Public Company Limited worth?
The market values Bangkok Land Public Company Limited at about 9.9B THB (market capitalisation, as of Sep 24, 2026). Per share that is 0.5700 THB; our models calculate a fair value of 0.3600 THB per share.
What do the bullish and bearish scenarios say about BLAND?
Our models span a range for Bangkok Land Public Company Limited: cautious scenario 0.2300 THB, base 0.3600 THB, optimistic 0.5200 THB per share (as of Sep 24, 2026, price 0.5700 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BLAND?
Bangkok Land Public Company Limited trades at a price-to-earnings ratio of 14.3 (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 0.3600 THB is built from several models across several years. Other multiples: P/B 0.2, P/S 2.1, EV/EBITDA 8.6.
How solid is the balance sheet of Bangkok Land Public Company Limited (BLAND)?
Balance-sheet figures for Bangkok Land Public Company Limited (as of Sep 24, 2026): return on equity 2.2%, debt of 0.08 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is BLAND from its 52-week high?
Bangkok Land Public Company Limited trades at 0.5700 THB, about 20% below its 52-week high of 0.7100 THB and 43% above the low of 0.4000 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.3600 THB is for.
Which stocks are comparable to Bangkok Land Public Company Limited?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Bangkok Land Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 0.5700 THB, calculated fair value 0.3600 THB (−37%), Quality Score 56/100, from 16 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 BLAND calculated?
We run Bangkok Land Public Company Limited through 16 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 0.3600 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. Bangkok Land Public Company Limited 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 Bangkok Land Public Company Limited (BLAND)?
The closing price on Sep 24, 2026 was 0.5700 THB. Our model-based fair value is 0.3600 THB, about −37% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bangkok Land Public Company Limited right now?
The price sits above even our optimistic bull case (0.5200 THB). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (0.2300 THB to 0.5200 THB) leaves room in how you read the outcome.
Where does the earnings growth of Bangkok Land Public Company Limited (BLAND) come from?
Earnings per share at Bangkok Land Public Company Limited grew −9.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.5 %, EBIT margin +1.2 %, tax rate −5.9 %, residual (interest, one-offs) −6.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Bangkok Land Public Company Limited
How large is the market capitalisation of Bangkok Land Public Company Limited (BLAND)?
The market capitalisation of Bangkok Land Public Company Limited is 9.9B THB (≈ $296M). 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 Bangkok Land Public Company Limited (BLAND)?
The price-to-sales ratio of Bangkok Land Public Company Limited is 2.04 (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 Bangkok Land Public Company Limited (BLAND)?
Earnings per share at Bangkok Land Public Company Limited are 0.0400 THB (price ÷ EPS = P/E 14.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bangkok Land Public Company Limited (BLAND)?
The dividend yield of Bangkok Land Public Company Limited is 2.3% (payout 32.5%). 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 Bangkok Land Public Company Limited (BLAND)?
The net margin of Bangkok Land Public Company Limited is 14.3% (fiscal year 2026). 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 Bangkok Land Public Company Limited (BLAND)?
The return on equity (ROE) of Bangkok Land Public Company Limited is 2.2% (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 Bangkok Land Public Company Limited (BLAND)?
On an EBIT basis the return on assets of Bangkok Land Public Company Limited is 2.4% (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 Bangkok Land Public Company Limited (BLAND)?
The operating margin of Bangkok Land Public Company Limited is 0.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bangkok Land Public Company Limited (BLAND)?
Revenue at Bangkok Land Public Company Limited is growing −12.9% versus a year earlier (3y avg +7.0%). 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 Bangkok Land Public Company Limited (BLAND)?
Earnings per share at Bangkok Land Public Company Limited are growing +21.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bangkok Land Public Company Limited (BLAND) carry?
The net debt of Bangkok Land Public Company Limited is 1.9B THB (fiscal year 2026, ≈ 2.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Bangkok Land Public Company Limited in the live analysis
One click puts Bangkok Land Public Company Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
