JE Cleantech Holdings Ltd (JCSE) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of JE Cleantech Holdings Ltd stock $4.57, price $1.64, upside +178.7%, quality 67 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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IndustrialsUS · Based in Singapore · ISIN KYG508752055
JCSome dataOct 30, 2026
JE Cleantech Holdings Ltd
JCSE · US
Meets all rules:undervalued,solid quality, uptrend
The stock costs 64% less than our calculation considers fair.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 30, 2026.
How to read this chart
54‑month range $0.4376 – $39.53 · fair‑value band $3.69 – $5.62 · the $1.64 price screens below the $4.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 30, 2026.
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JE Cleantech Holdings Limited, an investment holding company, through its subsidiaries, designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications in Singapore, Malaysia, and internationally.
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The company provides various cleaning systems and other equipment, including aqueous washing systems, plating and cleaning systems, train cleaning systems, and filtration units, as well as equipment parts and components.
It also offers centralized dishwashing and ancillary services, such as food courts, hawker centers, restaurants, cookhouses, eldercare homes, and inflight catering service providers, as well as general cleaning services for food courts and hawker centers.
In addition, the company leases dishware washing equipment. The company was founded in 1999 and is headquartered in Singapore. JE Cleantech Holdings Limited operates as a subsidiary of JE Cleantech Global Limited.
Stock analysis
JE Cleantech Holdings Ltd (JCSE) currently trades at $1.64, while our model-based Fair Value estimate is $4.57, implying the stock looks roughly 64.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $8.22 per share, and 23 of the 23 models we run sit above the $1.64 price.
Bear case: the Economic Profit group reads lowest at $1.77, and 0 of the 23 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $3.69 (bear) to $5.62 (bull), the price of $1.64 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 67/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
JE Cleantech Holdings Ltd reported revenue of 20.3M SGD in FY2025 versus 14.8M SGD in FY2021, a compound +8.3%/yr. Reported net income was 3.2M SGD in FY2025, compounding +534.2%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap $8.6M Micro · P/E ratio 2.0 · P/S ratio 0.32 · EPS (TTM) $0.8500 · Net margin 16.7% · Return on equity 33.8% · Return on assets (EBIT) 2.0% · Operating margin 17.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 113% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −45% fair-value upside, at 179%, JCSE screens cheaper than that median.
Fair Value models
Bear$3.69Fair Value $4.57Bull$5.62
Price $1.64 · Upside +178.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.7056 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.Coverage ⓘCoverage = 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 growth is weak: less than 2 % a year.
Revenue growth 1 year
+5.3%
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.
+2.9%
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.
−1.1%
Start year 2020 (pandemic)
Revenue growth 7 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.
+1.8%
’18
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’20
’21
’22
’23
’24
’25
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. Basis: EBIT basis.
≈ −5.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.2%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.17% → 3%
⚠ Rate on operating basis: 2025 sits 621% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
−26.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in SGD, Singapore: IMF forecast 2.0% a year to 2030, 1.7% from 2016 to 2025) that is about −27.7% a year for the price.
Compare JE Cleantech Holdings Ltd with another stock
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.Specialty Industrial Machinery · 812 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+178.7% · Top 25%
Profitability
Return on equity (12 months)33.8% · Top 25%
Return on assets9.8% · Top 25%
Net margin (12 months)16.7% · Top 25%
Operating margin (12 months)17.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)220.5% · Top 25%
Dividend yield (12 months)36.5% · Top 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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Is JE Cleantech Holdings Ltd (JCSE) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of $4.57 versus a price of $1.64, about +179% upside (undervalued).
What is the fair value of JCSE?
Our model-based fair value for JE Cleantech Holdings Ltd is $4.57 (as of Oct 30, 2026), built from audited fundamentals. The current price: $1.64.
What is the quality score of JCSE?
JE Cleantech Holdings Ltd has a Quality Score of 67/100. 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 JE Cleantech Holdings Ltd (JCSE)?
Our model-based price target is the fair value of $4.57 (as of Oct 30, 2026) from 23 valuation models. Cautious scenario $3.69, optimistic scenario $5.62. It is a calculation from audited fundamentals, not an analyst target.
What is the JE Cleantech Holdings Ltd stock forecast for 2026?
Our models put fair value at $4.57, about +179% upside versus a price of $1.64 (undervalued). Cautious scenario $3.69, optimistic scenario $5.62. The calculation is refreshed regularly with new filings.
What is the revenue of JE Cleantech Holdings Ltd (JCSE)?
JE Cleantech Holdings Ltd reported trailing-twelve-month revenue of about 34.6M SGD (latest available figure, as of Oct 30, 2026).
What growth is priced into JE Cleantech Holdings Ltd (JCSE)?
For today's price to be fair in a discounted-cash-flow model, JE Cleantech Holdings Ltd would have to grow free cash flow by -26.2 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.1 % per year. As of Oct 30, 2026.
What discount rate (WACC) does the fair value of JCSE use?
Our models discount JE Cleantech Holdings Ltd at 9.7 %: a base by market capitalisation (nano), country premium for USA. 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 JE Cleantech Holdings Ltd that is -26.2 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has JE Cleantech Holdings Ltd (JCSE) delivered so far?
Over the past 5 years revenue at JE Cleantech Holdings Ltd grew -1.1 % a year. The price currently implies -26.2 % 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 JE Cleantech Holdings Ltd (JCSE) growing?
The median revenue growth in the sector is +7.7 % a year. That is the yardstick for the growth priced into JE Cleantech Holdings Ltd (-26.2 % 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 JE Cleantech Holdings Ltd (JCSE)?
The free-cash-flow yield on the price is 16.54 %: that much free cash flow JE Cleantech Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of JE Cleantech Holdings Ltd (JCSE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For JE Cleantech Holdings Ltd it is $4.57 per share (as of Oct 30, 2026), against a price of $1.64. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is JE Cleantech Holdings Ltd stock overvalued or undervalued in 2026?
As of Oct 30, 2026, JCSE trades below its calculated fair value: price $1.64, fair value $4.57, a gap of about +179% (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 JCSE?
No. The price is what the market pays today ($1.64); the fair value is what the company's own numbers justify ($4.57). For JE Cleantech Holdings Ltd the two are $2.93 per share apart. That gap is exactly why we show both numbers side by side.
How much is JE Cleantech Holdings Ltd worth?
The market values JE Cleantech Holdings Ltd at about $8.6M (market capitalisation, as of Oct 30, 2026). Per share that is $1.64; our models calculate a fair value of $4.57 per share.
What do the bullish and bearish scenarios say about JCSE?
Our models span a range for JE Cleantech Holdings Ltd: cautious scenario $3.69, base $4.57, optimistic $5.62 per share (as of Oct 30, 2026, price $1.64). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JCSE?
JE Cleantech Holdings Ltd trades at a price-to-earnings ratio of 2.0 (as of Oct 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $4.57 is built from several models across several years. Other multiples: P/B 0.6, P/S 0.3, EV/EBITDA 0.8.
How solid is the balance sheet of JE Cleantech Holdings Ltd (JCSE)?
Balance-sheet figures for JE Cleantech Holdings Ltd (as of Oct 30, 2026): return on equity 33.8%, debt of 0.15 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is JCSE from its 52-week high?
JE Cleantech Holdings Ltd trades at $1.64, about 10% below its 52-week high of $1.82 and 113% above the low of $0.7700 (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of $4.57 is for.
Which stocks are comparable to JE Cleantech Holdings Ltd?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin 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 JE Cleantech Holdings Ltd stock attractive at the current price?
The data as of Oct 30, 2026: price $1.64, calculated fair value $4.57 (+179%), Quality Score 67/100, from 23 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 JCSE calculated?
We run JE Cleantech Holdings Ltd through 23 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 $4.57, 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 13.1 % above its aggregate fair value. JE Cleantech Holdings Ltd currently trades 64 % 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 JE Cleantech Holdings Ltd (JCSE)?
The closing price on Oct 29, 2026 was $1.64. Our model-based fair value is $4.57, about +179% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with JE Cleantech Holdings Ltd right now?
The price is below even our cautious bear case ($3.69). The market is more pessimistic than our downside scenario. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of JE Cleantech Holdings Ltd
How large is the market capitalisation of JE Cleantech Holdings Ltd (JCSE)?
The market capitalisation of JE Cleantech Holdings Ltd is $8.6M. 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 JE Cleantech Holdings Ltd (JCSE)?
The price-to-sales ratio of JE Cleantech Holdings Ltd is 0.32 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of JE Cleantech Holdings Ltd (JCSE)?
Earnings per share at JE Cleantech Holdings Ltd are $0.8500 (price ÷ EPS = P/E 2.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of JE Cleantech Holdings Ltd (JCSE)?
The net margin of JE Cleantech Holdings Ltd is 16.7% (last twelve months). 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 JE Cleantech Holdings Ltd (JCSE)?
The return on equity (ROE) of JE Cleantech Holdings Ltd is 33.8% (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 JE Cleantech Holdings Ltd (JCSE)?
On an EBIT basis the return on assets of JE Cleantech Holdings Ltd is 2.0% (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 JE Cleantech Holdings Ltd (JCSE)?
The operating margin of JE Cleantech Holdings Ltd is 17.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at JE Cleantech Holdings Ltd (JCSE)?
Revenue at JE Cleantech Holdings Ltd is growing +221% versus a year earlier (3y avg +2.9%). 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 JE Cleantech Holdings Ltd (JCSE)?
Earnings per share at JE Cleantech Holdings Ltd are growing +114% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does JE Cleantech Holdings Ltd (JCSE) hold?
JE Cleantech Holdings Ltd holds more cash than debt, 5.5M SGD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Oct 30, 2026