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FBS Global Limited (FBGL) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of FBS Global Limited $0.52, price $0.37, upside +39.5%, quality 41 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? No
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Industrials · US · ISIN KYG3337S1093

FG FBS Global Limited logo Thin data Sep 24, 2026

FBS Global Limited

FBGL · US

SpeculativeUpside exists, but weak quality makes the signal speculative.

✓Fair value $0.5200 · Undervalued (+39%)
!Quality 41/100
!Expensive Growth (revenue 5y +35.4 %/yr)
!Loss-making · -7.9% net margin (TTM)
!Low debt · negative free cash flow
!Mixed vs. peers (5/10)
!Narrow moat 6/100
!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

$3.45 $0.3580 Fair Value $0.5200 Feb 2025 Sep 2026

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

20‑month range $0.3580 – $3.45 · fair‑value band $0.3400 – $0.6500 · the $0.3729 price screens below the $0.5200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

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

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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.

Stock analysis

FBS Global Limited Ordinary Shares (FBGL) currently trades at $0.3729, while our model-based Fair Value estimate is $0.5200, implying the stock looks roughly 28.3% undervalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: $0.3400 (bear) to $0.6500 (bull), the price of $0.3729 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 41/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

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

Key figures

Market cap $5.0M · P/S ratio 0.19 · EPS (TTM) $−0.1100 · Net margin −7.9% · Return on equity −23.7% · Return on assets (EBIT) −0.8% · Operating margin −12.2% · Revenue (TTM) 25.9M SGD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).

What moves the price

The share trades about 73% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 39%, FBGL screens cheaper than that median.

Fair Value models

Bear $0.3400 Fair Value $0.5200 Bull $0.6500
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
NCAV (Graham) $0.4800 $0.6400 $0.9600 54
All 1 models by family
Asset-Based
NCAV (Graham) $0.4800 $0.6400 $0.9600 54

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Quality Score breakdown

Overall quality 41/100

Of which business quality 44 · Market factors (momentum, volatility) 2

Profitability 17
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 5
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 82
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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+86.8%
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.
+15.4%
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.
+35.4%
Start year 2020 (pandemic)
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.
−19.1% (2020) → −7.5% (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

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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.Engineering & Construction · 840 stocks

Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 44 · Below median
Fair Value upside +39% · Above median
Profitability
Return on assets −6% · Bottom 25%
Net margin (TTM) −8% · Bottom 25%
Operating margin (TTM) −12% · Bottom 25%
Growth and dividend
Revenue growth 227% · Top 25%
Balance sheet
Debt / equity 0.00× · Lowest 25%

Valuation Multiplesvs Engineering & Construction median · lower = cheaper

P/B 0.39× · Cheapest 25%
P/S (TTM) 0.20× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)86 · sector 29
FUTURE (revenue growth)100 · sector 11
PAST (return on equity)0 · sector 29
HEALTH (low debt)100 · sector 94
DIVIDEND (yield)0 · sector 40

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Quanta Services, Inc PWR $634.90 $163.08 −74%
Vinci SA DG €110.50 €185.62 +68%
Comfort Systems USA, Inc FIX $1,626 $1,122 −31%
Larsen & Toubro Limited LT ₹3,930 ₹1,994 −49%
Ferrovial N.V FER $56.30 $24.01 −57%
Samsung C&T Corporation 028260 367,000 KRW 256,792 KRW −30%
HOCHTIEF Aktiengesellschaft HOT €397.00 €203.87 −49%
ACS, Actividades de Construcción y Servicios, S.A ACS €92.75 €75.04 −19%
EMCOR Group EME $751.80 $521.87 −31%
MasTec, Inc MTZ $217.52 $106.05 −51%

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Cite: Fair Value Calculator (2026). "FBS Global Limited Ordinary Shares Fair Value". https://www.fairvalue-calculator.com/stock/FBGL

Frequently asked questions

Is FBS Global Limited (FBGL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.5200 versus a price of $0.3729, about +39% upside (undervalued).
What is the fair value of FBGL?
Our model-based fair value for FBS Global Limited Ordinary Shares is $0.5200 (as of Sep 24, 2026), built from audited fundamentals. The current price: $0.3729.
What is the quality score of FBGL?
FBS Global Limited Ordinary Shares has a Quality Score of 41/100. 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 FBS Global Limited (FBGL)?
Our model-based price target is the fair value of $0.5200 (as of Sep 24, 2026) from 1 valuation models. Cautious scenario $0.3400, optimistic scenario $0.6500. It is a calculation from audited fundamentals, not an analyst target.
What is the FBS Global Limited Ordinary Shares stock forecast for 2026?
Our models put fair value at $0.5200, about +39% upside versus a price of $0.3729 (undervalued). Cautious scenario $0.3400, optimistic scenario $0.6500. The calculation is refreshed regularly with new filings.
What is the revenue of FBS Global Limited (FBGL)?
FBS Global Limited Ordinary Shares reported trailing-twelve-month revenue of about 25.9M SGD (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of FBS Global Limited (FBGL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FBS Global Limited Ordinary Shares it is $0.5200 per share (as of Sep 24, 2026), against a price of $0.3729. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is FBS Global Limited Ordinary Shares stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FBGL trades below its calculated fair value: price $0.3729, fair value $0.5200, a gap of about +39% (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 FBGL?
No. The price is what the market pays today ($0.3729); the fair value is what the company's own numbers justify ($0.5200). For FBS Global Limited Ordinary Shares the two are $0.1471 per share apart. That gap is exactly why we show both numbers side by side.
How much is FBS Global Limited Ordinary Shares worth?
The market values FBS Global Limited Ordinary Shares at about $5.0M (market capitalisation, as of Sep 24, 2026). Per share that is $0.3729; our models calculate a fair value of $0.5200 per share.
What do the bullish and bearish scenarios say about FBGL?
Our models span a range for FBS Global Limited Ordinary Shares: cautious scenario $0.3400, base $0.5200, optimistic $0.6500 per share (as of Sep 24, 2026, price $0.3729). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of FBS Global Limited (FBGL)?
Balance-sheet figures for FBS Global Limited Ordinary Shares (as of Sep 24, 2026): return on equity −23.7%, debt of 0.00 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is FBGL from its 52-week high?
FBS Global Limited Ordinary Shares trades at $0.3729, about 73% below its 52-week high of $1.38 and 4% above the low of $0.3580 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of $0.5200 is for.
Which stocks are comparable to FBS Global Limited Ordinary Shares?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 FBS Global Limited Ordinary Shares stock attractive at the current price?
The data as of Sep 24, 2026: price $0.3729, calculated fair value $0.5200 (+39%), Quality Score 41/100, from 1 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 FBGL calculated?
We run FBS Global Limited Ordinary Shares through 1 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 $0.5200, 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. FBS Global Limited Ordinary Shares currently trades 39 % 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 FBS Global Limited (FBGL)?
The closing price on Sep 24, 2026 was $0.3729. Our model-based fair value is $0.5200, about +39% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FBS Global Limited Ordinary Shares right 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 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 ($0.3400 to $0.6500) leaves room in how you read the outcome.

Key figures of FBS Global Limited Ordinary Shares

How large is the market capitalisation of FBS Global Limited (FBGL)?
The market capitalisation of FBS Global Limited Ordinary Shares is $5.0M. 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 FBS Global Limited (FBGL)?
The price-to-sales ratio of FBS Global Limited Ordinary Shares is 0.19 (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 FBS Global Limited (FBGL)?
Earnings per share at FBS Global Limited Ordinary Shares are $−0.1100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of FBS Global Limited (FBGL)?
The net margin of FBS Global Limited Ordinary Shares is −7.9% (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 FBS Global Limited (FBGL)?
The return on equity (ROE) of FBS Global Limited Ordinary Shares is −23.7% (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 FBS Global Limited (FBGL)?
On an EBIT basis the return on assets of FBS Global Limited Ordinary Shares is −0.8% (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 FBS Global Limited (FBGL)?
The operating margin of FBS Global Limited Ordinary Shares is −12.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FBS Global Limited (FBGL)?
Revenue at FBS Global Limited Ordinary Shares is growing +227% versus a year earlier (3y avg +15.4%). 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 FBS Global Limited (FBGL)?
Earnings per share at FBS Global Limited Ordinary Shares are growing +754% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does FBS Global Limited (FBGL) generate?
The free cash flow of FBS Global Limited Ordinary Shares is −4.2M SGD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does FBS Global Limited (FBGL) hold?
FBS Global Limited Ordinary Shares holds more cash than debt, 3.9M SGD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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