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Currenc Group Inc. (CURR) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Currenc Group Inc. $2.53, price $3.09, upside -18.3%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Technology · US · ISIN KYG478621009

CG Currenc Group Inc. logo Thin data Sep 23, 2026

Currenc Group Inc.

CURR · US

Weak valuationQuality is weak on top of the rich price.

!Fair value $2.53 · Overvalued (−18%)
!Quality 43/100
!Weak Growth (revenue 5y −9.3 %/yr)
!Loss-making · -48.7% net margin (TTM)
✓Negative equity (buybacks among others) · generates free cash flow
!Trails peers (1/8)
!Narrow moat 5/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 9 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

$12.36 $0.3599 Fair Value $2.53 Jan 2022 Sep 2026

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

56‑month range $0.3599 – $12.36 · fair‑value band $1.61 – $4.00 · the $3.09 price screens above the $2.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

CURRENC Group Inc., an investment holding company, engages in the provision of money transfer and airtime trading services in Malaysia and Indonesia. It operates in two segments: Remittance Services and Sales of Airtime.

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CURRENC Group Inc., an investment holding company, engages in the provision of money transfer and airtime trading services in Malaysia and Indonesia. It operates in two segments: Remittance Services and Sales of Airtime. The company offers cross-border remittance solutions for financial institutions and payment providers, cross-border payments for non-financial businesses, airtime transfer, and retail telecom credit recharge services. It is also involved in business center operations; development of AI call center solutions and system integration; provision of international airtime reloads; technical and maintenance services; money remittance; providing and sourcing airtime and other related services; and the research, development, and commercialization of the Treatsup application, as well as the provision of implementation, technical, and maintenance services related to the application. In addition, the company provides a single unified application programming interface for licensed banks and money service operators, and acts as a one-stop settlement agent for cross-border money transfers, as well as cross-border airtime wholesale and transfer services. Further, it operates WalletKu, an independent electronic platform that allows customers to purchase airtime, conduct internet data top-ups, cash top-ups, transfers, and utility bill payments. The company is headquartered in Singapore.

Stock analysis

Currenc Group Inc. Ordinary Shares (CURR) currently trades at $3.09, while our model-based Fair Value estimate is $2.53, implying the stock looks roughly 22.4% overvalued today.

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Valuation

How firm this estimate is: it rests on 6 models at a data quality of 80/100, which puts the evidence level at low.

Scenario range: $1.61 (bear) to $4.00 (bull), the price of $3.09 sits inside 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 43/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Currenc Group Inc. Ordinary Shares reported revenue of $37.8M in FY2025 versus $57.5M in FY2021, a compound −9.9%/yr. Reported net income was −$18.4M in FY2025.

Key figures

Market cap $340M · P/S ratio 9.00 · EPS (TTM) $−0.3000 · Net margin −48.7% · Return on equity −3,504% · Return on assets (EBIT) −8.6% · Operating margin −46.6% · Revenue (TTM) $37.8M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).

What moves the price

The share trades about 31% below its 52-week high and 124% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at −18%, CURR screens richer than that median.

Fair Value models

Bear $1.61 Fair Value $2.53 Bull $4.00
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. 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
Growth DCF $1.75 $2.56 $3.84 76
Rev-Margin DCF $1.43 $1.95 $3.05 70
All 2 models by family
Growth DCF
Growth DCF $1.75 $2.56 $3.84 76
Rev-Margin DCF $1.43 $1.95 $3.05 70

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Quality Score breakdown

Overall quality 43/100

Of which business quality 59 · Market factors (momentum, volatility) 69

Profitability 10
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 77
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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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. 23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−18.6%
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.
−12.0%
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.
−9.3%
Start year 2020 (pandemic). Over 10 years: +70.4% a year
Revenue growth 11 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.
+57.7%
Profit margin (trend) ⓘ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.
−0.7% (2020) → −21.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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).
+7.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +4.7% a year for the price.

CURR screens 22% overvalued. Compare with SAP SE →

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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.Software - Application · 721 stocks

Beats the industry median on 1/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 54 · Above median
Fair Value upside −18% · Below median
Profitability
Return on equity (TTM) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −5% · Below median
Net margin (TTM) −49% · Bottom 25%
Operating margin (TTM) −47% · Bottom 25%
Growth and dividend
Revenue growth −22% · Bottom 25%
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Software - Application median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM) 9.00× · Priciest 25%
P/FCF 46.1× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)9 · sector 27
FUTURE (revenue growth)0 · sector 38
PAST (return on equity)0 · sector 16
HEALTH (low debt)0 · sector 97
DIVIDEND (yield)0 · sector 30

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

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 Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
SAP SE SAP €184.18 €159.06 −14%
Shopify Inc SHOP $142.34 $64.36 −55%
Uber Technologies, Inc UBER $69.89 $104.82 +50%
Salesforce, Inc CRM $233.28 $344.41 +48%
ServiceNow, Inc NOW $140.78 $154.86 +10%
Cadence Design Systems, Inc CDNS $309.09 $225.14 −27%
Snowflake Inc SNOW $334.81 $75.08 −78%
Datadog, Inc DDOG $251.49 $32.92 −87%
Adobe Inc ADBE $238.25 $454.04 +91%
Automatic Data Processing, Inc ADP $263.68 $177.51 −33%

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$2.53 −22%Fair Value
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Cite: Fair Value Calculator (2026). "Currenc Group Inc. Ordinary Shares Fair Value". https://www.fairvalue-calculator.com/stock/CURR

Frequently asked questions

Is Currenc Group Inc. (CURR) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $2.53 versus a price of $3.09, about −18% upside (overvalued).
What is the fair value of CURR?
Our model-based fair value for Currenc Group Inc. Ordinary Shares is $2.53 (as of Sep 23, 2026), built from audited fundamentals. The current price: $3.09.
What is the quality score of CURR?
Currenc Group Inc. Ordinary Shares has a Quality Score of 43/100. 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 Currenc Group Inc. (CURR)?
Our model-based price target is the fair value of $2.53 (as of Sep 23, 2026) from 2 valuation models. Cautious scenario $1.61, optimistic scenario $4.00. It is a calculation from audited fundamentals, not an analyst target.
What is the Currenc Group Inc. Ordinary Shares stock forecast for 2026?
Our models put fair value at $2.53, about −18% upside versus a price of $3.09 (overvalued). Cautious scenario $1.61, optimistic scenario $4.00. The calculation is refreshed regularly with new filings.
What is the revenue of Currenc Group Inc. (CURR)?
Currenc Group Inc. Ordinary Shares reported trailing-twelve-month revenue of about $37.8M (latest available figure, as of Sep 23, 2026).
What growth is priced into Currenc Group Inc. (CURR)?
For today's price to be fair in a discounted-cash-flow model, Currenc Group Inc. Ordinary Shares would have to grow free cash flow by +7.2 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -9.3 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of CURR use?
Our models discount Currenc Group Inc. Ordinary Shares at 9.8 %: a base by market capitalisation (small), damped by beta 0.13, country premium for USA. 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 Currenc Group Inc. Ordinary Shares that is +7.2 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Currenc Group Inc. (CURR) delivered so far?
Over the past 5 years revenue at Currenc Group Inc. Ordinary Shares grew -9.3 % a year. The price currently implies +7.2 % 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 Currenc Group Inc. (CURR) growing?
The median revenue growth in the sector is +8.3 % a year. That is the yardstick for the growth priced into Currenc Group Inc. Ordinary Shares (+7.2 % 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 Currenc Group Inc. (CURR)?
The free-cash-flow yield on the price is 3.89 %: that much free cash flow Currenc Group Inc. Ordinary Shares produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Currenc Group Inc. (CURR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Currenc Group Inc. Ordinary Shares it is $2.53 per share (as of Sep 23, 2026), against a price of $3.09. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Currenc Group Inc. Ordinary Shares stock overvalued or undervalued in 2026?
As of Sep 23, 2026, CURR trades above its calculated fair value: price $3.09, fair value $2.53, a gap of about −18% (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 CURR?
No. The price is what the market pays today ($3.09); the fair value is what the company's own numbers justify ($2.53). For Currenc Group Inc. Ordinary Shares the two are $0.5650 per share apart. That gap is exactly why we show both numbers side by side.
How much is Currenc Group Inc. Ordinary Shares worth?
The market values Currenc Group Inc. Ordinary Shares at about $340M (market capitalisation, as of Sep 23, 2026). Per share that is $3.09; our models calculate a fair value of $2.53 per share.
What do the bullish and bearish scenarios say about CURR?
Our models span a range for Currenc Group Inc. Ordinary Shares: cautious scenario $1.61, base $2.53, optimistic $4.00 per share (as of Sep 23, 2026, price $3.09). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Currenc Group Inc. (CURR)?
Balance-sheet figures for Currenc Group Inc. Ordinary Shares (as of Sep 23, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is CURR from its 52-week high?
Currenc Group Inc. Ordinary Shares trades at $3.09, about 31% below its 52-week high of $4.49 and 124% above the low of $1.38 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $2.53 is for.
Which stocks are comparable to Currenc Group Inc. Ordinary Shares?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, Inc, 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 Currenc Group Inc. Ordinary Shares stock attractive at the current price?
The data as of Sep 23, 2026: price $3.09, calculated fair value $2.53 (−18%), Quality Score 43/100, from 2 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 CURR calculated?
We run Currenc Group Inc. Ordinary Shares through 2 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 $2.53, 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 13.0 % above its aggregate fair value. Currenc Group Inc. Ordinary Shares 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 Currenc Group Inc. (CURR)?
The closing price on Sep 23, 2026 was $3.09. Our model-based fair value is $2.53, about −18% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Currenc Group Inc. Ordinary Shares right now?
Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($1.61 to $4.00) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Currenc Group Inc. Ordinary Shares

How large is the market capitalisation of Currenc Group Inc. (CURR)?
The market capitalisation of Currenc Group Inc. Ordinary Shares is $340M. 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 Currenc Group Inc. (CURR)?
The price-to-sales ratio of Currenc Group Inc. Ordinary Shares is 9.00 (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 Currenc Group Inc. (CURR)?
Earnings per share at Currenc Group Inc. Ordinary Shares are $−0.3000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Currenc Group Inc. (CURR)?
The net margin of Currenc Group Inc. Ordinary Shares is −48.7% (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 Currenc Group Inc. (CURR)?
The return on equity (ROE) of Currenc Group Inc. Ordinary Shares is −3,504% (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 Currenc Group Inc. (CURR)?
On an EBIT basis the return on assets of Currenc Group Inc. Ordinary Shares is −8.6% (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 Currenc Group Inc. (CURR)?
The operating margin of Currenc Group Inc. Ordinary Shares is −46.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Currenc Group Inc. (CURR)?
Revenue at Currenc Group Inc. Ordinary Shares is growing −21.8% versus a year earlier (3y avg −12.0%). 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 cash does Currenc Group Inc. (CURR) hold?
Currenc Group Inc. Ordinary Shares holds more cash than debt, $58.3M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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