FBS Global Limited (FBGL) Fair Value & Analysis

Industrials · US · Market cap $7.7M

Below-average quality, screening 115% undervalued on our models.

What matters now

• The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
• The price is below even our cautious bear case ($0.6000). 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 ($0.6000 to $1.15) leaves room in how you read the outcome.

Price vs Fair Value (18 months)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

18‑month range $0.3800 – $3.45 · fair‑value band $0.6000 – $1.15 · the $0.4276 price screens below the $0.9200 fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

FBS Global Limited (FBGL) currently trades at $0.4276, while our model-based Fair Value estimate is $0.9200, implying the stock looks roughly 115.2% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, FBS Global Limited generated revenue of $25.9M at a net margin of -7.9%. Revenue grew 226.7% year over year. It earns a return on equity of -23.7%. The balance sheet holds a net cash position of $3.9M. Fundamentals as of Jul 24, 2026

Our scenario range runs from $0.6000 (bear case) to $1.15 (bull case); at $0.4276, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 69% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 115%, FBGL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Key figures & financial health

Quality Score breakdown

About the company

FBS Global Limited, an investment holding company, together with its subsidiaries, operates as a green building contractor in Singapore.

Full company description

FBS Global Limited, an investment holding company, together with its subsidiaries, operates as a green building contractor in Singapore. The company provides construction and engineering services, including the supply of building materials and precast concrete components, recycling of construction and industrial wastes, research, and development, as well as pavement consultancy services. It also engages in the design, supply, and installation of ceilings, partitions, timber deck, carpet, lead lining, acoustic wall panel, built-in furnishings, and carpentry; and provision of mechanical and electrical services of a building. The company undertakes interior fit-out works for institutional, residential, commercial, and industrial building projects. FBS Global Limited was founded in 1996 and is based in Singapore.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FBS Global Limited reported revenue of $25.9M in FY2025 versus $22.7M in FY2021, a compound +3.3%/yr. Reported net income was −$2.0M in FY2025.

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Peer Group

Engineering & Construction · 842 stocks

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.

Valuation Multiples vs Engineering & Construction median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.