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Globlex Holding (GBX) Fair Value & Analysis

Financial Services · TH · Market cap 643M THB

GH Globlex Holding GBX · BK
Price0.5600 THB
Fair Value0.4500 THB
Upside-19.6%
Quality95/100
Evidence: High Range 0.3300 THB – 0.5600 THB

Fair value as of: Jun 26, 2026

From 17 valuation models · updated 3 days ago

Share price +3.6% over the past month.

Price vs Fair Value (12 months)

0.6711 THB 0.3931 THB Fair Value 0.4500 THB Jun 2025 Jun 2026

12‑month range 0.3931 THB – 0.6711 THB · fair‑value band 0.3300 THB – 0.5600 THB · the 0.5600 THB price screens above the 0.4500 THB fair value. As of Jun 26, 2026.

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Analysis

Globlex Holding (GBX) currently trades at 0.5600 THB, while our model-based Fair Value estimate is 0.4500 THB — implying the stock looks roughly 19.6% overvalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Globlex Holding generated revenue of 812M THB at a net margin of 7.0%. Revenue grew 155.2% year over year. It earns a return on equity of 3.9%. Net debt stands at 214M THB. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 812M THB
Revenue growth (YoY) +155%
Net margin 7.0%
Return on equity 3.9%
Free cash flow −108M THB FY2025
P/E ratio 19.7
More key figures
Operating margin 4.6%
EPS (TTM) 0.0300 THB
EPS growth (YoY) +321%
Net debt 214M THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Globlex Holding Management Public Company Limited, an investing holding company, engages in securities, investment, and financial advisory businesses in Thailand. The company operates through three segments: Holding Business; Securities Business; and Other Business. It offers securities and derivatives brokerage, underwriting and fund arrangement, and financial advisory services. Globlex Holding Management Public Company Limited was founded in 2003 and is based in Bangkok, Thailand.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Globlex Holding reported revenue of 530M THB in FY2025 versus 863M THB in FY2021, a compound −11.5%/yr. Reported net income was 28.6M THB in FY2025, compounding −32.5%/yr from FY2021.

Revenue −11.5%/yr
FY21 863M THB
FY22 594M THB
FY23 468M THB
FY24 560M THB
FY25 530M THB
Net income −32.5%/yr
FY21 138M THB
FY22 70.5M THB
FY23 48.5M THB
FY24 −54.5M THB
FY25 28.6M THB

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Similar stocks

6 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
Huatai Securities Co HTSC $27.00 $47.45 +76%
Morgan Stanley, a financial holding company, MS $206.66 $138.97 -33%
The Goldman Sachs Group GS $1,001 $283.83 -72%
CITIC Securities Company 600030 ¥25.67 ¥51.34 +100%
Mirae Asset Securities Co 006800 42,150 KRW 42,489 KRW +1%
Meritz Financial Group 138040 107,300 KRW 127,077 KRW +18%

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Frequently asked questions

Is Globlex Holding (GBX) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 0.4500 THB versus a price of 0.5600 THB — about −20% (overvalued). Model-based estimate, not financial advice.
What is the fair value of GBX?
Our 21-model fair value for Globlex Holding is 0.4500 THB (as of Jun 26, 2026), built from audited fundamentals. The current price is 0.5600 THB.
What is the quality score of GBX?
Globlex Holding has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Globlex Holding (GBX)?
Globlex Holding reported trailing-twelve-month revenue of about 812M THB (latest available figure, as of Jun 26, 2026).
What is the net profit margin of GBX?
The net profit margin of Globlex Holding is about 7.0%, meaning it keeps roughly 7.0% of revenue as net income. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.