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GREAT EASTERN HLDGS LTD (G07) Fair Value & Analysis

Financial Services · SG · Market cap 15.4B SGD

GE GREAT EASTERN HLDGS LTD G07 · SG
Price22.74 SGD
Fair Value25.28 SGD
Upside+11.2%
Quality37/100
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Weak Growth
Solidly profitable · 14.1% net margin
Low debt · negative free cash flow
3.40% dividend yield
Mixed vs. peers (8/14)
Moderate moat 56/100
Evidence: High Range 18.96 SGD – 31.59 SGD Share as image

Fair value as of: Aug 13, 2026

From 4 valuation models · updated 4 days ago

Share price +17.8% over the past month.

Below-average quality, screening 11% undervalued on our models.

What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • Our model range runs from 18.96 SGD (bear) to 31.59 SGD (bull), base 25.28 SGD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 37/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

24.86 SGD 12.43 SGD Fair Value 25.28 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 12.43 SGD – 24.86 SGD · fair‑value band 18.96 SGD – 31.59 SGD · the 22.74 SGD price screens below the 25.28 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

GREAT EASTERN HLDGS LTD (G07) currently trades at 22.74 SGD, while our model-based Fair Value estimate is 25.28 SGD, implying the stock looks roughly 11.2% undervalued today. The Quality Score stands at 37/100 (below-average quality), in the Financial Services 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: high), always confirm before acting.

Over the trailing twelve months, GREAT EASTERN HLDGS LTD generated revenue of 8.5B SGD at a net margin of 14.1%. Revenue grew 0.6% year over year. It earns a return on equity of 12.8%. The stock trades on a trailing P/E of 12.9 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from 18.96 SGD (bear case) to 31.59 SGD (bull case); at 22.74 SGD, the current price sits within 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 9% below its 52-week high and 84% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 34% fair-value upside, at 11%, G07 screens richer 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.

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
Highest evidence
Residual Income 18.94 SGD 22.20 SGD 44.79 SGD 76
P/E Multiple 23.40 SGD 31.20 SGD 38.99 SGD 63
P/B Multiple 21.68 SGD 28.91 SGD 36.13 SGD 55
All 4 models by family
Multiples
P/E Multiple 23.40 SGD 31.20 SGD 38.99 SGD 63
P/B Multiple 21.68 SGD 28.91 SGD 36.13 SGD 55
Asset-Based
NCAV (Graham) 10.32 SGD 13.83 SGD 20.65 SGD 50
Economic Profit
Residual Income 18.94 SGD 22.20 SGD 44.79 SGD 76

Widest divergence: Multiples (28.91 SGD) versus Asset-Based (13.83 SGD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 8.5B SGD
Revenue growth (YoY) +0.6%
Net margin 14.1%
Return on equity 12.8%
Free cash flow −534M SGD FY2025
P/E ratio 12.9 as of Jul 4, 2026
More key figures
Operating margin 26.4%
EPS (TTM) 1.26 SGD
Dividend yield 3.4%
EPS growth (YoY) -2.2%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 27 · Market factors (momentum, volatility) 97

Profitability 24
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 99
Price trend over the last 3–12 months (market factor)
52W Momentum 92
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Great Eastern Holdings Limited, an investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia. It operates through Life Insurance, Non-Life Insurance, and Shareholders segments.

Full company description

Great Eastern Holdings Limited, an investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia. It operates through Life Insurance, Non-Life Insurance, and Shareholders segments. The company offers life, health, and personal accident insurance; retirement income, wealth accumulation, and investment-linked funds; as well as travel, car, home, and maid insurance. It also provides National Schemes, such as Dependants' Protection Scheme, a term-life insurance scheme that covers death, terminal illness, and total permanent disability; Great Legacy Programme; MediSave-approved; and other property and casualty insurance for businesses. In addition, the company offers asset management services. It serves through distribution channels, such as tied agency force, bancassurance, brokers and financial advisory firm Great Eastern financial advisers. The company was formerly known as Pastiche Limited. Great Eastern Holdings Limited was founded in 1908 and is based in Singapore. Great Eastern Holdings Limited is a subsidiary of Oversea-Chinese Banking Corporation Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

GREAT EASTERN HLDGS LTD reported revenue of 14.4B SGD in FY2025 versus 20.0B SGD in FY2021, a compound −7.8%/yr. Reported net income was 1.2B SGD in FY2025, compounding +2.0%/yr from FY2021.

Growth Quality 30/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
14.4B SGD
Latest YoY
+13.8%
Avg. growth/yr (3Y) 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.
+4.7%
Avg. growth/yr (5Y) 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.
−7.6%
Avg. growth/yr (12Y) 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.
+2.9%
Revenue −7.8%/yr
FY21 20.0B SGD
FY22 12.6B SGD
FY23 10.8B SGD
FY24 12.7B SGD
FY25 14.4B SGD
Net income +2.0%/yr
FY21 1.1B SGD
FY22 784M SGD
FY23 775M SGD
FY24 995M SGD
FY25 1.2B SGD

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Cite: Fair Value Calculator (2026). "GREAT EASTERN HLDGS LTD Fair Value". https://www.fairvalue-calculator.com/stock/G07

Peer Group

Insurance - Life · 96 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.

Quality Score 33 · Bottom 25%
Fair Value upside +11% · Above median
Return on equity (TTM) 13% · Above median
Return on assets 1% · Below median
Net margin (TTM) 14% · Above median
Operating margin (TTM) 26% · Above median
Revenue growth 1% · Below median
Dividend yield (TTM) 3.4% · Above median
Debt / equity 0.07× · Lower than 75% of peers

Valuation Multiples vs Insurance - Life median · lower = cheaper

P/E (TTM) 12.9× · Pricier than median
P/B 1.16× · Cheaper than median
P/S (TTM) 1.41× · Pricier than median
EV/EBITDA 3.1× · Cheaper than 75% of peers
PEG 2.87× · Pricier than 75% of peers

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.

VALUE 48 · sector 26
FUTURE 3 · sector 44
PAST 51 · sector 43
HEALTH 97 · sector 85
DIVIDEND 68 · sector 56

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

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

Similar stocks

10 more Insurance - Life stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
China Life Insurance Company 601628 ¥37.33 ¥49.98 +34%
Ping An Insurance (Group) Company 601318 ¥52.60 ¥84.72 +61%
Manulife Financial Corporation 0945 HK$343.40 HK$143.17 -58%
Life Insurance Corporation LICI ₹412.15 ₹392.93 -5%
Samsung Life Insurance Co 032830 301,000 KRW 191,293 KRW -36%
China Pacific Insurance (Group) Co 601601 ¥30.48 ¥57.51 +89%
Prudential plc PUKN 545.00 MXN 499.36 MXN -8%
New China Life Insurance Company 601336 ¥58.83 ¥99.92 +70%
SBI Life Insurance Company SBILIFE ₹1,830 ₹293.11 -84%
Cathay Financial Holding 2882B 59.00 TWD 107.71 TWD +83%

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Frequently asked questions

Is GREAT EASTERN HLDGS LTD (G07) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 25.28 SGD versus a price of 22.74 SGD, about +11% (undervalued).
What is the fair value of G07?
Our model-based fair value for GREAT EASTERN HLDGS LTD is 25.28 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 22.74 SGD.
What is the quality score of G07?
GREAT EASTERN HLDGS LTD has a Quality Score of 37/100. 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 revenue of GREAT EASTERN HLDGS LTD (G07)?
GREAT EASTERN HLDGS LTD reported trailing-twelve-month revenue of about 8.5B SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of G07?
The net profit margin of GREAT EASTERN HLDGS LTD is about 14.1%, meaning it keeps roughly 14.1% of revenue as net income. Based on the latest reported figures.
Does GREAT EASTERN HLDGS LTD pay a dividend?
GREAT EASTERN HLDGS LTD currently shows a dividend yield of about 3.40% relative to its recent price (as of Aug 13, 2026).

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.

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