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G J Steel Public Company (GJS) Fair Value & Analysis

Basic Materials · TH · Market cap 3.3B THB

GJ G J Steel Public Company GJS · BK
Price0.1400 THB
Fair Value0.0900 THB
Upside-35.7%
Quality42/100
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Weak Growth
Loss-making · -6.4% net margin
Low debt · negative free cash flow
Trails peers (2/8)
Narrow moat 10/100
Evidence: Low Range 0.0600 THB – 0.1200 THB Share as image

Fair value as of: Jul 16, 2026

From 1 valuation models · updated 25 days ago

Share price +7.7% over the past month.

Below-average quality, and screening another 36% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.1200 THB). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • 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 (0.0600 THB to 0.1200 THB) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

0.6600 THB 0.0900 THB Fair Value 0.0900 THB Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 0.0900 THB – 0.6600 THB · fair‑value band 0.0600 THB – 0.1200 THB · the 0.1400 THB price screens above the 0.0900 THB fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

G J Steel Public Company (GJS) currently trades at 0.1400 THB, while our model-based Fair Value estimate is 0.0900 THB, implying the stock looks roughly 35.7% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Basic Materials 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: low).

Over the trailing twelve months, G J Steel Public Company generated revenue of 12.8B THB at a net margin of -6.3%. Revenue grew 80.7% year over year. It earns a return on equity of -7.7%. The balance sheet holds a net cash position of 1.1B THB. Fundamentals as of Jul 16, 2026

Our scenario range runs from 0.0600 THB (bear case) to 0.1200 THB (bull case); at 0.1400 THB, the current price sits above 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 13% below its 52-week high and 56% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at -36%, GJS 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
NCAV (Graham) 0.2000 THB 0.2700 THB 0.4000 THB 50
All 1 models by family
Asset-Based
NCAV (Graham) 0.2000 THB 0.2700 THB 0.4000 THB 50

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Key figures & financial health

Revenue (TTM) 12.8B THB
Revenue growth (YoY) +80.1%
Net margin -6.4%
Return on equity -7.7%
Free cash flow −469M THB FY2025
Operating margin -2.1%
More key figures
EPS (TTM) -0.0300 THB
EPS growth (YoY) -61.4%
Net cash 1.1B THB FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 41 · Market factors (momentum, volatility) 54

Profitability 13
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 82
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

G J Steel Public Company Limited manufactures and distributes hot rolled coil steel products in Thailand. The company was formerly known as Nakornthai Strip Mill Public Company Limited and changed its name to G J Steel Public Company Limited in June 2008. The company was founded in 1994 and is headquartered in Bang Phli, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

G J Steel Public Company reported revenue of 10.8B THB in FY2025 versus 18.4B THB in FY2021, a compound −12.6%/yr. Reported net income was −1.0B THB in FY2025.

Growth Quality 2/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
10.8B THB
Latest YoY
−9.9%
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.
−14.8%
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.
−1.1%
Avg. growth/yr (25Y) 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.
+19.8%
Revenue −12.6%/yr
FY21 18.4B THB
FY22 17.4B THB
FY23 12.5B THB
FY24 11.9B THB
FY25 10.8B THB
Net income
FY21 3.2B THB
FY22 −3.1B THB
FY23 −492M THB
FY24 −1.0B THB
FY25 −1.0B THB

GJS screens 36% overvalued. Compare with Tata Steel Limited →

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Cite: Fair Value Calculator (2026). "G J Steel Public Company Fair Value". https://www.fairvalue-calculator.com/stock/GJS

Peer Group

Steel · 378 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 41 · Bottom 25%
Fair Value upside −36% · Below median
Return on assets -4% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 80% · Top 25%
Debt / equity 0.07× · Lower than median

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 0 · sector 19
FUTURE 100 · sector 4
PAST 0 · sector 15
HEALTH 96 · sector 95
DIVIDEND 0 · sector 41

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

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 Steel stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

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Frequently asked questions

Is G J Steel Public Company (GJS) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 0.0900 THB versus a price of 0.1400 THB, about −36% (overvalued).
What is the fair value of GJS?
Our model-based fair value for G J Steel Public Company is 0.0900 THB (as of Jul 16, 2026), built from audited fundamentals. The current price is 0.1400 THB.
What is the quality score of GJS?
G J Steel Public Company has a Quality Score of 42/100. 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 G J Steel Public Company (GJS)?
G J Steel Public Company reported trailing-twelve-month revenue of about 12.8B THB (latest available figure, as of Jul 16, 2026).
What is the net profit margin of GJS?
The net profit margin of G J Steel Public Company is about -6.3%, meaning it is currently running at a net loss. 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.

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