Bless Asset Group PCL (BLESS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Bless Asset Group PCL stock THB 0.58, price THB 0.23, upside +150.0%, quality 55 out of 100. Rating: strongly undervalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
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. As of Nov 4, 2026.
How to read this chart
52‑month range 0.1900 THB – 1.34 THB · fair‑value band 0.5310 THB – 0.6040 THB · the 0.2300 THB price screens below the 0.5750 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Bless Asset Group Public Company Limited develops and sells land and houses primarily in Thailand. It develops townhomes and condominium units. The company was incorporated in 2010 and is headquartered in Bangkok, Thailand.
Stock analysis
Bless Asset Group PCL (BLESS) currently trades at 0.2300 THB, while our model-based Fair Value estimate is 0.5750 THB, implying the stock looks roughly 60% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 1.59 THB per share, and 10 of the 11 models we run sit above the 0.2300 THB price.
Bear case: the DCF Models group reads lowest at 0.7900 THB, and 1 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.5310 THB (bear) to 0.6040 THB (bull), the price of 0.2300 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 55/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Bless Asset Group PCL reported revenue of 341M THB in FY2025 versus 796M THB in FY2021, a compound −19.1%/yr. Reported net income was 10.3M THB in FY2025, compounding −40.1%/yr from FY2021.
Key figures
Market cap 184M THB (≈ $5.5M) Micro · P/S ratio 0.41 · EPS (TTM) −0.0100 THB · Net margin −1.6% · Return on equity −0.6% · Return on assets (EBIT) 1.9% (5-year average) · Operating margin −3.6% · Revenue (TTM) 451M THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at 150%, BLESS screens cheaper than that median.
Fair Value models
Bear0.5310 THBFair Value 0.5750 THBBull0.6040 THB
Price 0.2300 THB · Upside +150.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−17.2%
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.
−19.8%
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.
−17.5%
Start year 2020 (pandemic)
Revenue growth 8 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.
−5.9%
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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.
−34.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−34.0%
Dividend (yield on the price)0.0%
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.16% → 1%
⚠ Revenue per share shrinking 4.9%/yr over ~6Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+4.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +3.0% 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.Real Estate - Development · 489 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside+150.0% · Top 25%
Profitability
Return on assets0.5% · Below median
Net margin (12 months)−1.6% · Bottom 25%
Operating margin (12 months)−3.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)33.2% · Top 25%
Balance sheet
Debt / equity0.03× · Lowest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Bless Asset Group PCL Fair Value". https://www.fairvalue-calculator.com/stock/BLESS
Frequently asked questions
Is Bless Asset Group PCL (BLESS) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 0.5750 THB versus a price of 0.2300 THB, about +150% upside (undervalued).
What is the fair value of BLESS?
Our model-based fair value for Bless Asset Group PCL is 0.5750 THB (as of Nov 4, 2026), built from audited fundamentals. The current price: 0.2300 THB.
What is the quality score of BLESS?
Bless Asset Group PCL has a Quality Score of 55/100. 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 Bless Asset Group PCL (BLESS)?
Our model-based price target is the fair value of 0.5750 THB (as of Nov 4, 2026) from 11 valuation models. Cautious scenario 0.5310 THB, optimistic scenario 0.6040 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Bless Asset Group PCL stock forecast for 2026?
Our models put fair value at 0.5750 THB, about +150% upside versus a price of 0.2300 THB (undervalued). Cautious scenario 0.5310 THB, optimistic scenario 0.6040 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Bless Asset Group PCL (BLESS)?
Bless Asset Group PCL reported trailing-twelve-month revenue of about 451M THB (latest available figure, as of Nov 4, 2026).
What growth is priced into Bless Asset Group PCL (BLESS)?
For today's price to be fair in a discounted-cash-flow model, Bless Asset Group PCL would have to grow free cash flow by +4.3 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -17.5 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of BLESS use?
Our models discount Bless Asset Group PCL 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 Bless Asset Group PCL that is +4.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Bless Asset Group PCL (BLESS) delivered so far?
Over the past 5 years revenue at Bless Asset Group PCL grew -17.5 % a year. The price currently implies free-cash-flow growth of +4.3 % per 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 Bless Asset Group PCL (BLESS) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Bless Asset Group PCL (+4.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bless Asset Group PCL (BLESS)?
The free-cash-flow yield on the price is 48.76 %: that much free cash flow Bless Asset Group PCL 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 Bless Asset Group PCL (BLESS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bless Asset Group PCL it is 0.5750 THB per share (as of Nov 4, 2026), against a price of 0.2300 THB. It is the blended result of 11 valuation models in 5 families (DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Bless Asset Group PCL stock overvalued or undervalued in 2026?
As of Nov 4, 2026, BLESS trades below its calculated fair value: price 0.2300 THB, fair value 0.5750 THB, a gap of about +150% (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 BLESS?
No. The price is what the market pays today (0.2300 THB); the fair value is what the company's own numbers justify (0.5750 THB). For Bless Asset Group PCL the two are 0.3450 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Bless Asset Group PCL worth?
The market values Bless Asset Group PCL at about 184M THB (market capitalisation, as of Nov 4, 2026). Per share that is 0.2300 THB; our models calculate a fair value of 0.5750 THB per share.
What do the bullish and bearish scenarios say about BLESS?
Our models span a range for Bless Asset Group PCL: cautious scenario 0.5310 THB, base 0.5750 THB, optimistic 0.6040 THB per share (as of Nov 4, 2026, price 0.2300 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bless Asset Group PCL (BLESS)?
Balance-sheet figures for Bless Asset Group PCL (as of Nov 4, 2026): return on equity −0.6%, debt of 0.03 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is BLESS from its 52-week high?
Bless Asset Group PCL trades at 0.2300 THB, about 26% below its 52-week high of 0.3100 THB and 15% above the low of 0.2000 THB (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 0.5750 THB is for.
Which stocks are comparable to Bless Asset Group PCL?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF 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 Bless Asset Group PCL stock attractive at the current price?
The data as of Nov 4, 2026: price 0.2300 THB, calculated fair value 0.5750 THB (+150%), Quality Score 55/100, from 11 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 BLESS calculated?
We run Bless Asset Group PCL through 11 models from 5 families: DCF Models, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 0.5750 THB builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Bless Asset Group PCL currently trades 60% 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 Bless Asset Group PCL (BLESS)?
The closing price on Nov 6, 2026 was 0.2300 THB. Our model-based fair value is 0.5750 THB, about +150% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bless Asset Group PCL right now?
The price is below even our cautious bear case (0.5310 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. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band (0.5310 THB to 0.6040 THB), unusually little disagreement for a valuation.
Key figures of Bless Asset Group PCL
How large is the market capitalisation of Bless Asset Group PCL (BLESS)?
The market capitalisation of Bless Asset Group PCL is 184M THB (≈ $5.5M). 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 Bless Asset Group PCL (BLESS)?
The price-to-sales ratio of Bless Asset Group PCL is 0.41 (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 Bless Asset Group PCL (BLESS)?
Earnings per share at Bless Asset Group PCL are −0.0100 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bless Asset Group PCL (BLESS)?
The net margin of Bless Asset Group PCL is −1.6% (last twelve months). 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 Bless Asset Group PCL (BLESS)?
The return on equity (ROE) of Bless Asset Group PCL 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 Bless Asset Group PCL (BLESS)?
On an EBIT basis the return on assets of Bless Asset Group PCL is 1.9% (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 Bless Asset Group PCL (BLESS)?
The operating margin of Bless Asset Group PCL is −3.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bless Asset Group PCL (BLESS)?
Revenue at Bless Asset Group PCL is growing +33.2% versus a year earlier (3y avg −19.8%). 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 Bless Asset Group PCL (BLESS)?
Earnings per share at Bless Asset Group PCL are growing −55.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Bless Asset Group PCL (BLESS) carry?
The net debt of Bless Asset Group PCL is 893M THB (fiscal year 2025, ≈ 10.0 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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Thin data
Nov 4, 2026