KCE Electronics Public Company Limited (KCE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of KCE Electronics Public Company Limited stock THB 32.76, price THB 58.25, that is 43.8% below the price, quality 63 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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KCE Electronics Public Company Limited
KCE · BKOur calculation puts a fair price 44% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 13.93 THB – 79.75 THB · fair‑value band 25.81 THB – 40.46 THB · the 58.25 THB price screens above the 32.76 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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Company profile
KCE Electronics Public Company Limited together with its subsidiaries, manufactures and distributes electric printed circuit boards (PCBs) under the KCE trademark in America, Europe, and Asia.
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It operates in three segments: Manufacturing and Selling Prepreg and Laminate, Printed Circuit Board, and Chemical products. The company's PCBs are manufactured from copper clad laminates that are used in various applications, including automotive, industrial, computer, and telecom systems.
It also manufactures and distributes prefix and laminate, printed circuit boards, and chemicals products, as well as involved in the rental out residences. In addition, the company operates a network of sales offices in Singapore, Mexico, Japan, Korea, China, and Thailand.
The company was formerly known as Kuang Charoen Electronics Company Limited. KCE Electronics Public Company Limited was founded in 1982 and is based in Bangkok, Thailand.
Stock analysis
KCE Electronics Public Company Limited (KCE) currently trades at 58.25 THB, while our model-based Fair Value estimate is 32.76 THB, 44% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 18.37 THB per share, and 0 of the 24 models we run sit above the 58.25 THB price.
Bear case: the Economic Profit group reads lowest at 7.09 THB, and 24 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 25.81 THB (bear) to 40.46 THB (bull), the price of 58.25 THB 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 63/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
KCE Electronics Public Company Limited reported revenue of 13.1B THB in FY2025 versus 14.9B THB in FY2021, a compound −3.3%/yr. Reported net income was 833M THB in FY2025, compounding −23.5%/yr from FY2021.
Key figures
Market cap 68.9B THB (≈ $2.1B) Mid · P/E ratio 74.7 · P/S ratio 5.24 · EPS (TTM) 0.7800 THB · Dividend yield 2.1% · Net margin 7.1% · Return on equity 7.2% · Return on assets (EBIT) 9.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 267% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −44%, KCE screens richer than that median.
Fair Value models
All 24 models by family
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
KCE screens overvalued: fair value 44% below the price. Compare with Amphenol Corporation →
Compare KCE Electronics Public Company Limited with another stock
Price, fair value, quality and upside side by side.
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.Electronic Components · 651 stocks
Valuation Multiplesvs Electronic Components median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- Stock screener with 62 metrics
- Valuation of the Thailand market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Electronic Components stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Hon Hai Precision Industry Co 2317 | 224.50 TWD | 292.29 TWD | +30% | vs KCE |
| Asia Vital Components Co 3017 | 2,310 TWD | 2,541 TWD | +10% | vs KCE |
| TE Connectivity plc TEL | $207.01 | $224.30 | +8% | vs KCE |
| Shengyi Technology Co 600183 | ¥70.49 | ¥66.42 | −6% | vs KCE |
| Amphenol Corporation APH | $74.59 | $69.74 | −7% | vs KCE |
| Delta Electronics, Inc 2308 | 1,055 TWD | 519.57 TWD | −51% | vs KCE |
| Luxshare Precision Industry Co 002475 | ¥50.05 | ¥18.44 | −63% | vs KCE |
| Corning Incorporated GLW | $106.13 | $33.72 | −68% | vs KCE |
| Elite Material Co 2383 | 3,820 TWD | 782.39 TWD | −80% | vs KCE |
| Samsung Electro-Mechanics Co 009150 | 870,000 KRW | 171,572 KRW | −80% | vs KCE |
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Frequently asked questions
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Key figures of KCE Electronics Public Company Limited
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