GP INDUSTRIES LIMITED (G20) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of GP INDUSTRIES LIMITED S$1.24, price S$0.53, upside +134.0%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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 0.4224 SGD – 0.6050 SGD · fair‑value band 0.9300 SGD – 1.55 SGD · the 0.5300 SGD price screens below the 1.24 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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GP Industries Limited, an investment holding company, develops, manufactures, and markets batteries and related products in Singapore and internationally. The company operates through three segments: Battery, Audio, and Other Industrial Investments segments. It offers alkaline and rechargeable batteries under the GP brand name.
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GP Industries Limited, an investment holding company, develops, manufactures, and markets batteries and related products in Singapore and internationally. The company operates through three segments: Battery, Audio, and Other Industrial Investments segments. It offers alkaline and rechargeable batteries under the GP brand name. The company also designs, manufactures, and sells professional audio products, loudspeakers, drivers, and related products. In addition, it is involved in provision of marketing services; and marketing and distribution of acoustic and electronic products, as well as holds trademarks. The company was formerly known as GPE Industries Limited and changed its name to GP Industries Limited in June 2000. GP Industries Limited was founded in 1964 and is based in Singapore. The company is a subsidiary of Gold Peak Technology Group Limited.
Stock analysis
GP INDUSTRIES LIMITED (G20) currently trades at 0.5300 SGD, while our model-based Fair Value estimate is 1.24 SGD, implying the stock looks roughly 57.3% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 1.66 SGD per share, and 20 of the 22 models we run sit above the 0.5300 SGD price.
Bear case: the Asset-Based group reads lowest at 0.4300 SGD, and 2 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.9300 SGD (bear) to 1.55 SGD (bull), the price of 0.5300 SGD sits below 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 56/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
GP INDUSTRIES LIMITED reported revenue of 1.1B SGD in FY2026 versus 1.2B SGD in FY2022, a compound −2.7%/yr. Reported net income was 28.4M SGD in FY2026, compounding −5.2%/yr from FY2022.
Key figures
Market cap 288M SGD (≈ $225M) · P/E ratio 8.8 · P/S ratio 0.23 · EPS (TTM) 0.0600 SGD · Dividend yield 6.6% · Net margin 2.6% · Return on equity 10.0% · Return on assets (EBIT) 3.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at 134%, G20 screens cheaper than that median.
Fair Value models
Bear 0.9300 SGDFair Value 1.24 SGDBull 1.55 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 2026 figures (about 6 months old). Earnings retained since then (0.0127 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.
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−0.9%
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.
−1.6%
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.
−1.5%
Start year 2021 (pandemic). Over 10 years: +0.5% 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.
+1.2%
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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.
+4.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.0%
Dividend (yield on the price)6.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−2.0% vs 4.4%, slowing
Profit margin 2021 to 2026 ⓘ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.4% → 6%
Start year 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
−1.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about −3.7% a year for the price.
Price, fair value, quality and upside side by side.
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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.Electrical Equipment & Parts · 532 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Above median
Fair Value upside+134.0% · Top 25%
Profitability
Return on equity (TTM)10.0% · Above median
Return on assets3.3% · Above median
Net margin (TTM)2.6% · Below median
Operating margin (TTM)6.1% · Below median
Growth and dividend
Revenue growth0.8% · Below median
Dividend yield (TTM)6.6% · Top 25%
Balance sheet
Debt / equity0.42× · Highest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
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Is GP INDUSTRIES LIMITED (G20) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 1.24 SGD versus a price of 0.5300 SGD, about +134% upside (undervalued).
What is the fair value of G20?
Our model-based fair value for GP INDUSTRIES LIMITED is 1.24 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.5300 SGD.
What is the quality score of G20?
GP INDUSTRIES LIMITED has a Quality Score of 56/100. 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 GP INDUSTRIES LIMITED (G20)?
Our model-based price target is the fair value of 1.24 SGD (as of Sep 27, 2026) from 22 valuation models. Cautious scenario 0.9300 SGD, optimistic scenario 1.55 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the GP INDUSTRIES LIMITED stock forecast for 2026?
Our models put fair value at 1.24 SGD, about +134% upside versus a price of 0.5300 SGD (undervalued). Cautious scenario 0.9300 SGD, optimistic scenario 1.55 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of GP INDUSTRIES LIMITED (G20)?
GP INDUSTRIES LIMITED reported trailing-twelve-month revenue of about 1.1B SGD (latest available figure, as of Sep 27, 2026).
Does GP INDUSTRIES LIMITED pay a dividend?
GP INDUSTRIES LIMITED currently shows a dividend yield of about 6.60% relative to its recent price (as of Sep 27, 2026).
What growth is priced into GP INDUSTRIES LIMITED (G20)?
For today's price to be fair in a discounted-cash-flow model, GP INDUSTRIES LIMITED would have to grow free cash flow by -1.7 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.5 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of G20 use?
Our models discount GP INDUSTRIES LIMITED at 12.5 %: a base by market capitalisation (micro), country premium for Singapore. 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 GP INDUSTRIES LIMITED that is -1.7 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has GP INDUSTRIES LIMITED (G20) delivered so far?
Over the past 5 years revenue at GP INDUSTRIES LIMITED grew -1.5 % a year. The price currently implies -1.7 % 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 GP INDUSTRIES LIMITED (G20) growing?
The median revenue growth in the sector is +6.3 % a year. That is the yardstick for the growth priced into GP INDUSTRIES LIMITED (-1.7 % 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 GP INDUSTRIES LIMITED (G20)?
The free-cash-flow yield on the price is 23.38 %: that much free cash flow GP INDUSTRIES LIMITED produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of GP INDUSTRIES LIMITED (G20)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GP INDUSTRIES LIMITED it is 1.24 SGD per share (as of Sep 27, 2026), against a price of 0.5300 SGD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is GP INDUSTRIES LIMITED stock overvalued or undervalued in 2026?
As of Sep 27, 2026, G20 trades below its calculated fair value: price 0.5300 SGD, fair value 1.24 SGD, a gap of about +134% (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 G20?
No. The price is what the market pays today (0.5300 SGD); the fair value is what the company's own numbers justify (1.24 SGD). For GP INDUSTRIES LIMITED the two are 0.7100 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is GP INDUSTRIES LIMITED worth?
The market values GP INDUSTRIES LIMITED at about 288M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.5300 SGD; our models calculate a fair value of 1.24 SGD per share.
What do the bullish and bearish scenarios say about G20?
Our models span a range for GP INDUSTRIES LIMITED: cautious scenario 0.9300 SGD, base 1.24 SGD, optimistic 1.55 SGD per share (as of Sep 27, 2026, price 0.5300 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of G20?
GP INDUSTRIES LIMITED trades at a price-to-earnings ratio of 8.8 (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 1.24 SGD is built from several models across several years. Other multiples: P/B 0.9, P/S 0.3, EV/EBITDA 2.4.
How solid is the balance sheet of GP INDUSTRIES LIMITED (G20)?
Balance-sheet figures for GP INDUSTRIES LIMITED (as of Sep 27, 2026): return on equity 10.0%, debt of 0.42 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is G20 from its 52-week high?
GP INDUSTRIES LIMITED trades at 0.5300 SGD, about 12% below its 52-week high of 0.6050 SGD and 12% above the low of 0.4740 SGD (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of 1.24 SGD is for.
Which stocks are comparable to GP INDUSTRIES LIMITED?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 GP INDUSTRIES LIMITED stock attractive at the current price?
The data as of Sep 27, 2026: price 0.5300 SGD, calculated fair value 1.24 SGD (+134%), Quality Score 56/100, from 22 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 G20 calculated?
We run GP INDUSTRIES LIMITED through 22 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 1.24 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. GP INDUSTRIES LIMITED currently trades 57 % 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 GP INDUSTRIES LIMITED (G20)?
The closing price on Sep 30, 2026 was 0.5300 SGD. Our model-based fair value is 1.24 SGD, about +134% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GP INDUSTRIES LIMITED right now?
The price is below even our cautious bear case (0.9300 SGD). 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. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of GP INDUSTRIES LIMITED
How large is the market capitalisation of GP INDUSTRIES LIMITED (G20)?
The market capitalisation of GP INDUSTRIES LIMITED is 288M SGD (≈ $225M). 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 GP INDUSTRIES LIMITED (G20)?
The price-to-sales ratio of GP INDUSTRIES LIMITED is 0.23 (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 GP INDUSTRIES LIMITED (G20)?
Earnings per share at GP INDUSTRIES LIMITED are 0.0600 SGD (price ÷ EPS = P/E 8.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of GP INDUSTRIES LIMITED (G20)?
The dividend yield of GP INDUSTRIES LIMITED is 6.6% (payout 58.3%). 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 GP INDUSTRIES LIMITED (G20)?
The net margin of GP INDUSTRIES LIMITED is 2.6% (fiscal year 2026). 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 GP INDUSTRIES LIMITED (G20)?
The return on equity (ROE) of GP INDUSTRIES LIMITED is 10.0% (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 GP INDUSTRIES LIMITED (G20)?
On an EBIT basis the return on assets of GP INDUSTRIES LIMITED is 3.5% (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 GP INDUSTRIES LIMITED (G20)?
The operating margin of GP INDUSTRIES LIMITED is 6.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GP INDUSTRIES LIMITED (G20)?
Revenue at GP INDUSTRIES LIMITED is growing +0.8% versus a year earlier (3y avg −1.6%). 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 GP INDUSTRIES LIMITED (G20)?
Earnings per share at GP INDUSTRIES LIMITED are growing +18.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does GP INDUSTRIES LIMITED (G20) carry?
The net debt of GP INDUSTRIES LIMITED is 260M SGD (fiscal year 2026, ≈ 4.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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