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GREAT EASTERN HLDGS LTD (G07) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of GREAT EASTERN HLDGS LTD S$10.89, price S$19.66, upside -44.6%, quality 37 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
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Financial Services · SG · ISIN SG1I55882803

GE Some data Sep 27, 2026

GREAT EASTERN HLDGS LTD

G07 · SG

Weakest SetupStrongly overvalued and low quality.

!Fair value 10.89 SGD · Strongly overvalued (−44.6%)
!Quality 37/100
!Weak Growth (revenue 5y −7.6 %/yr)
✓Solidly profitable · 17.1% net margin (TTM)
!Low debt · negative free cash flow
!3.3% dividend yield · Watch coverage
!Mixed vs. peers (6/14)
!Moderate moat 61/100
!Evidence only medium, so the estimate is less certain
!Weak on future: 1 out of 100

What runs behind every stock

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

Price vs Fair Value

24.86 SGD 12.43 SGD Fair Value 10.89 SGD Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range 12.43 SGD – 24.86 SGD · fair‑value band 8.87 SGD – 16.24 SGD · the 19.66 SGD price screens above the 10.89 SGD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

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.

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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.

Stock analysis

GREAT EASTERN HLDGS LTD (G07) currently trades at 19.66 SGD, while our model-based Fair Value estimate is 10.89 SGD, 44.6% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 15.36 SGD per share, and 0 of the 4 models we run sit above the 19.66 SGD price.

Bear case: the Asset-Based group reads lowest at 7.35 SGD, and 4 of the 4 models stay below the price. Evidence for this calculation is medium.

Scenario range: 8.87 SGD (bear) to 16.24 SGD (bull), the price of 19.66 SGD sits above 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 37/100 (below-average quality), in the Financial Services sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

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.

Key figures

Market cap 18.6B SGD (≈ $14.5B) · P/E ratio 13.2 · P/S ratio 1.10 · EPS (TTM) 1.51 SGD · Dividend yield 3.3% · Net margin 8.4% · Return on equity 14.1% · Return on assets (EBIT) 1.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 14% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at −45%, G07 screens richer than that median.

Fair Value models

Bear 8.87 SGD Fair Value 10.89 SGD Bull 16.24 SGD
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.6479 SGD per share) are deliberately not added. 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. 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
Residual Income 10.06 SGD 11.80 SGD 16.47 SGD 72
P/E Multiple 12.43 SGD 16.58 SGD 20.72 SGD 61
P/B Multiple 11.52 SGD 15.36 SGD 19.20 SGD 53
All 4 models by family
Multiples
P/E Multiple 12.43 SGD 16.58 SGD 20.72 SGD 61
P/B Multiple 11.52 SGD 15.36 SGD 19.20 SGD 53
Asset-Based
NCAV (Graham) 5.49 SGD 7.35 SGD 10.97 SGD 52
Economic Profit
Residual Income 10.06 SGD 11.80 SGD 16.47 SGD 72

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Quality Score breakdown

Overall quality 37/100

Of which business quality 27 · Market factors (momentum, volatility) 80

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 75
Price trend over the last 3–12 months (market factor)
52W Momentum 66
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. 30/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+13.8%
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.
+4.7%
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.
−7.6%
Start year 2020 (pandemic). Over 10 years: +3.6% a year
Revenue growth 12 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.
+2.9%
What shareholders gained per year (last 5 years) ⓘ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.
−6.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.7%
Dividend (yield on the price)3.3%
Profit margin 2015 to 2020 ⓘ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.9% → 5%
⚠ Revenue per share shrinking 1.9%/yr over ~6Y (margin trend unclear) ⓘ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.

G07 screens overvalued: fair value 45% below the price. Compare with China Life Insurance Company →

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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.Insurance - Life · 89 stocks

Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 34 · Bottom 25%
Fair Value upside −44.6% · Bottom 25%
Profitability
Return on equity (TTM) 14.1% · Above median
Return on assets 1.3% · Below median
Net margin (TTM) 17.1% · Above median
Operating margin (TTM) 30.5% · Above median
Growth and dividend
Revenue growth 0.2% · Below median
Dividend yield (TTM) 3.3% · Above median
Balance sheet
Debt / equity 0.07× · Lowest 25%

Valuation Multiplesvs Insurance - Life median · lower = cheaper

P/E (TTM) 13.2× · Pricier than median
P/B 1.79× · Pricier than median
P/S (TTM) 2.18× · Priciest 25%
EV/EBITDA 5.7× · Cheaper than median
PEG 2.87× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 2
FUTURE (revenue growth)1 · sector 43
PAST (return on equity)56 · sector 47
HEALTH (low debt)97 · sector 87
DIVIDEND (yield)66 · sector 56

VALUE 0: the price sits above our fair-value range.

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 Insurance - Life stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
China Life Insurance Company 601628 ¥37.43 ¥49.98 +34%
Ping An Insurance (Group) Company 601318 ¥53.29 ¥67.19 +26%
AIA Group 1299 HK$73.75 HK$41.69 −43%
Manulife Financial Corporation MFC $42.59 $27.37 −36%
MetLife, Inc MET $97.70 $54.39 −44%
Great-West Lifeco Inc GWO C$93.34 C$42.07 −55%
Aflac Incorporated AFL $113.72 $67.02 −41%
Life Insurance Corporation LICI ₹409.05 ₹299.19 −27%
Cathay Financial Holding 2882 110.50 TWD 71.47 TWD −35%
China Pacific Insurance (Group) Co 601601 ¥30.88 ¥48.28 +56%

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

Frequently asked questions

Is GREAT EASTERN HLDGS LTD (G07) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 10.89 SGD versus a price of 19.66 SGD, about −45% upside (overvalued).
What is the fair value of G07?
Our model-based fair value for GREAT EASTERN HLDGS LTD is 10.89 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 19.66 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 price target for GREAT EASTERN HLDGS LTD (G07)?
Our model-based price target is the fair value of 10.89 SGD (as of Sep 27, 2026) from 4 valuation models. Cautious scenario 8.87 SGD, optimistic scenario 16.24 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the GREAT EASTERN HLDGS LTD stock forecast for 2026?
Our models put fair value at 10.89 SGD, about −45% upside versus a price of 19.66 SGD (overvalued). Cautious scenario 8.87 SGD, optimistic scenario 16.24 SGD. The calculation is refreshed regularly with new filings.
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 Sep 27, 2026).
Does GREAT EASTERN HLDGS LTD pay a dividend?
GREAT EASTERN HLDGS LTD currently shows a dividend yield of about 3.31% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of GREAT EASTERN HLDGS LTD (G07)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GREAT EASTERN HLDGS LTD it is 10.89 SGD per share (as of Sep 27, 2026), against a price of 19.66 SGD. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is GREAT EASTERN HLDGS LTD stock overvalued or undervalued in 2026?
As of Sep 27, 2026, G07 trades above its calculated fair value: price 19.66 SGD, fair value 10.89 SGD, a gap of about −45% (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 G07?
No. The price is what the market pays today (19.66 SGD); the fair value is what the company's own numbers justify (10.89 SGD). For GREAT EASTERN HLDGS LTD the two are 8.77 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is GREAT EASTERN HLDGS LTD worth?
The market values GREAT EASTERN HLDGS LTD at about 18.6B SGD (market capitalisation, as of Sep 27, 2026). Per share that is 19.66 SGD; our models calculate a fair value of 10.89 SGD per share.
What do the bullish and bearish scenarios say about G07?
Our models span a range for GREAT EASTERN HLDGS LTD: cautious scenario 8.87 SGD, base 10.89 SGD, optimistic 16.24 SGD per share (as of Sep 27, 2026, price 19.66 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of G07?
GREAT EASTERN HLDGS LTD trades at a price-to-earnings ratio of 13.2 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 10.89 SGD is built from several models across several years. Other multiples: PEG 2.9, P/B 1.8, P/S 2.2, EV/EBITDA 5.7.
What is the PEG ratio of G07?
The PEG ratio of GREAT EASTERN HLDGS LTD is 2.87 (P/E divided by earnings growth, as of Sep 27, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of GREAT EASTERN HLDGS LTD (G07)?
Balance-sheet figures for GREAT EASTERN HLDGS LTD (as of Sep 27, 2026): return on equity 14.1%, debt of 0.07 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is G07 from its 52-week high?
GREAT EASTERN HLDGS LTD trades at 19.66 SGD, about 14% below its 52-week high of 22.74 SGD and 35% above the low of 14.53 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 10.89 SGD is for.
Which stocks are comparable to GREAT EASTERN HLDGS LTD?
From the same area (Financial Services) we also value China Life Insurance Company, Ping An Insurance (Group) Company, AIA Group, Manulife Financial Corporation, 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 GREAT EASTERN HLDGS LTD stock attractive at the current price?
The data as of Sep 27, 2026: price 19.66 SGD, calculated fair value 10.89 SGD (−45%), Quality Score 37/100, from 4 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 G07 calculated?
We run GREAT EASTERN HLDGS LTD through 4 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 10.89 SGD, 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 14.5 % above its aggregate fair value. GREAT EASTERN HLDGS LTD 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 GREAT EASTERN HLDGS LTD (G07)?
The closing price on Oct 1, 2026 was 19.66 SGD. Our model-based fair value is 10.89 SGD, about −45% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GREAT EASTERN HLDGS LTD right now?
The price sits above even our optimistic bull case (16.24 SGD). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (8.87 SGD to 16.24 SGD) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of GREAT EASTERN HLDGS LTD

How large is the market capitalisation of GREAT EASTERN HLDGS LTD (G07)?
The market capitalisation of GREAT EASTERN HLDGS LTD is 18.6B SGD (≈ $14.5B). 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 GREAT EASTERN HLDGS LTD (G07)?
The price-to-sales ratio of GREAT EASTERN HLDGS LTD is 1.10 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of GREAT EASTERN HLDGS LTD (G07)?
Earnings per share at GREAT EASTERN HLDGS LTD are 1.51 SGD (price ÷ EPS = P/E 13.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of GREAT EASTERN HLDGS LTD (G07)?
The dividend yield of GREAT EASTERN HLDGS LTD is 3.3% (payout 43.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of GREAT EASTERN HLDGS LTD (G07)?
The net margin of GREAT EASTERN HLDGS LTD is 8.4% (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 GREAT EASTERN HLDGS LTD (G07)?
The return on equity (ROE) of GREAT EASTERN HLDGS LTD is 14.1% (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 GREAT EASTERN HLDGS LTD (G07)?
On an EBIT basis the return on assets of GREAT EASTERN HLDGS LTD is 1.2% (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 GREAT EASTERN HLDGS LTD (G07)?
The operating margin of GREAT EASTERN HLDGS LTD is 30.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GREAT EASTERN HLDGS LTD (G07)?
Revenue at GREAT EASTERN HLDGS LTD is growing +0.2% versus a year earlier (3y avg +4.7%). 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 GREAT EASTERN HLDGS LTD (G07)?
Earnings per share at GREAT EASTERN HLDGS LTD are growing +43.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does GREAT EASTERN HLDGS LTD (G07) generate?
The free cash flow of GREAT EASTERN HLDGS LTD is −534M SGD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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