RAFFLES EDUCATION LIMITED (NR7) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of RAFFLES EDUCATION LIMITED S$0.04, price S$0.09, upside -59.1%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Raffles Education Limited, an investment holding company, provides education and related services in the regions of ASEAN, North Asia, South Asia, Australasia, Indonesia, and Europe. It operates through Education, Education Facilities Rental Service, and Real Estate Investment & Development segments.
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Raffles Education Limited, an investment holding company, provides education and related services in the regions of ASEAN, North Asia, South Asia, Australasia, Indonesia, and Europe. It operates through Education, Education Facilities Rental Service, and Real Estate Investment & Development segments. The company offers diploma, undergraduate, and postgraduate programs in design discipline which includes animation, digital media, fashion, graphic, interior, jewellery, product, video games, visual communication design, photography, and fashion marketing and management specializations; business discipline comprising accountancy, business administration, commerce, entrepreneurship and small business operation, marketing, supply chain and logistic operations, and tourism and hospitality management specializations; and technology discipline, such as applied electronics and instrumentation, computer science, electronics and communication, electrical engineering, cloud computing and IT security, and information technology specializations. It offers programs in applied psychology, foundation studies, and English language disciplines, as well as pre-tertiary education, American K12 curriculum, and programs within the Chinese national public school. In addition, the company engages in education facilities leasing and commercial leasing activities for supporting facilities, and real estate investment and development activities. Further, it offers education consulting and development; education supporting; business and management consultancy; and vocational and technical training services. The company was formerly known as Raffles Education Corporation Limited and changed its name to Raffles Education Limited in October 2022. The company was founded in 1990 and is based in Singapore.
Stock analysis
RAFFLES EDUCATION LIMITED (NR7) currently trades at 0.0920 SGD, while our model-based Fair Value estimate is 0.0376 SGD, 59.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 0.2300 SGD per share, and 3 of the 14 models we run sit above the 0.0920 SGD price.
Bear case: the Dividend Discount group reads lowest at 0.0100 SGD, and 11 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.0298 SGD (bear) to 0.0611 SGD (bull), the price of 0.0920 SGD 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 30/100 (below-average quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
RAFFLES EDUCATION LIMITED reported revenue of 107M SGD in FY2026 versus 105M SGD in FY2022, a compound +0.3%/yr. Reported net income was −5.4M SGD in FY2026.
Key figures
Market cap 167M SGD (≈ $131M) · P/S ratio 1.55 · Net margin −5.0% · Return on equity −0.9% · Return on assets (EBIT) −0.1% · Operating margin −1.4% · Revenue (TTM) 108M SGD · Revenue growth (YoY) −10.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 61% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 26% fair-value upside, at −59%, NR7 screens richer than that median.
Fair Value models
Bear 0.0298 SGDFair Value 0.0376 SGDBull 0.0611 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.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.27/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−4.4%
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.
−1.2%
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.
+1.8%
Start year 2021 (pandemic). Over 10 years: −0.4% 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.
−1.7%
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Profit margin (trend) ⓘ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.
−7.3% (2021) → 8.3% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+39.9%
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 +37.1% a year for the price.
Compare RAFFLES EDUCATION LIMITED 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.Education & Training Services · 119 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside−59.1% · Bottom 25%
Profitability
Return on assets0.5% · Below median
Net margin (TTM)−5.0% · Bottom 25%
Operating margin (TTM)−1.4% · Below median
Growth and dividend
Revenue growth−10.4% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Education & Training Services median · lower = cheaper
P/B0.21× · Cheapest 25%
P/S (TTM)1.21× · Pricier than median
P/FCF42.3× · Priciest 25%
EV/EBITDA7.5× · Cheaper than median
PEG0.59× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 48
FUTURE (revenue growth)0· sector 28
PAST (return on equity)0· sector 33
HEALTH (low debt)94· sector 95
DIVIDEND (yield)0· sector 50
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is RAFFLES EDUCATION LIMITED (NR7) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 0.0376 SGD versus a price of 0.0920 SGD, about −59% upside (overvalued).
What is the fair value of NR7?
Our model-based fair value for RAFFLES EDUCATION LIMITED is 0.0376 SGD (as of Oct 2, 2026), built from audited fundamentals. The current price: 0.0920 SGD.
What is the quality score of NR7?
RAFFLES EDUCATION LIMITED has a Quality Score of 30/100. 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 RAFFLES EDUCATION LIMITED (NR7)?
Our model-based price target is the fair value of 0.0376 SGD (as of Oct 2, 2026) from 14 valuation models. Cautious scenario 0.0298 SGD, optimistic scenario 0.0611 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the RAFFLES EDUCATION LIMITED stock forecast for 2026?
Our models put fair value at 0.0376 SGD, about −59% upside versus a price of 0.0920 SGD (overvalued). Cautious scenario 0.0298 SGD, optimistic scenario 0.0611 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of RAFFLES EDUCATION LIMITED (NR7)?
RAFFLES EDUCATION LIMITED reported trailing-twelve-month revenue of about 108M SGD (latest available figure, as of Oct 2, 2026).
What growth is priced into RAFFLES EDUCATION LIMITED (NR7)?
For today's price to be fair in a discounted-cash-flow model, RAFFLES EDUCATION LIMITED would have to grow free cash flow by +39.9 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.8 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of NR7 use?
Our models discount RAFFLES EDUCATION LIMITED at 11.7 %: a base by market capitalisation (micro), damped by beta 0.73, 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 RAFFLES EDUCATION LIMITED that is +39.9 % per year a year over ten years, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has RAFFLES EDUCATION LIMITED (NR7) delivered so far?
Over the past 5 years revenue at RAFFLES EDUCATION LIMITED grew +1.8 % a year. The price currently implies +39.9 % 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 RAFFLES EDUCATION LIMITED (NR7) growing?
The median revenue growth in the sector is +3.9 % a year. That is the yardstick for the growth priced into RAFFLES EDUCATION LIMITED (+39.9 % 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 RAFFLES EDUCATION LIMITED (NR7)?
The free-cash-flow yield on the price is 1.85 %: that much free cash flow RAFFLES EDUCATION LIMITED produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of RAFFLES EDUCATION LIMITED (NR7)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For RAFFLES EDUCATION LIMITED it is 0.0376 SGD per share (as of Oct 2, 2026), against a price of 0.0920 SGD. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is RAFFLES EDUCATION LIMITED stock overvalued or undervalued in 2026?
As of Oct 2, 2026, NR7 trades above its calculated fair value: price 0.0920 SGD, fair value 0.0376 SGD, a gap of about −59% (overvalued). 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 NR7?
No. The price is what the market pays today (0.0920 SGD); the fair value is what the company's own numbers justify (0.0376 SGD). For RAFFLES EDUCATION LIMITED the two are 0.0544 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is RAFFLES EDUCATION LIMITED worth?
The market values RAFFLES EDUCATION LIMITED at about 167M SGD (market capitalisation, as of Oct 2, 2026). Per share that is 0.0920 SGD; our models calculate a fair value of 0.0376 SGD per share.
What do the bullish and bearish scenarios say about NR7?
Our models span a range for RAFFLES EDUCATION LIMITED: cautious scenario 0.0298 SGD, base 0.0376 SGD, optimistic 0.0611 SGD per share (as of Oct 2, 2026, price 0.0920 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of NR7?
The PEG ratio of RAFFLES EDUCATION LIMITED is 0.59 (P/E divided by earnings growth, as of Oct 2, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of RAFFLES EDUCATION LIMITED (NR7)?
Balance-sheet figures for RAFFLES EDUCATION LIMITED (as of Oct 2, 2026): return on equity −0.9%, debt of 0.12 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is NR7 from its 52-week high?
RAFFLES EDUCATION LIMITED trades at 0.0920 SGD, about 48% below its 52-week high of 0.1768 SGD and 61% above the low of 0.0573 SGD (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0376 SGD is for.
Which stocks are comparable to RAFFLES EDUCATION LIMITED?
From the same area (Consumer Defensive) we also value New Oriental Education & Technology Group, TAL Education Group, Laureate Education, Inc, Covista Inc, 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 RAFFLES EDUCATION LIMITED stock attractive at the current price?
The data as of Oct 2, 2026: price 0.0920 SGD, calculated fair value 0.0376 SGD (−59%), Quality Score 30/100, from 14 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 NR7 calculated?
We run RAFFLES EDUCATION LIMITED through 14 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 0.0376 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. RAFFLES EDUCATION LIMITED itself currently trades above fair value. 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 RAFFLES EDUCATION LIMITED (NR7)?
The closing price on Oct 2, 2026 was 0.0920 SGD. Our model-based fair value is 0.0376 SGD, about −59% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with RAFFLES EDUCATION LIMITED right now?
The price sits above even our optimistic bull case (0.0611 SGD). The favourable scenario is already priced in. Weak quality (30/100) 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 (0.0298 SGD to 0.0611 SGD) leaves room in how you read the outcome.
Key figures of RAFFLES EDUCATION LIMITED
How large is the market capitalisation of RAFFLES EDUCATION LIMITED (NR7)?
The market capitalisation of RAFFLES EDUCATION LIMITED is 167M SGD (≈ $131M). 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 RAFFLES EDUCATION LIMITED (NR7)?
The price-to-sales ratio of RAFFLES EDUCATION LIMITED is 1.55 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of RAFFLES EDUCATION LIMITED (NR7)?
The net margin of RAFFLES EDUCATION LIMITED is −5.0% (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 RAFFLES EDUCATION LIMITED (NR7)?
The return on equity (ROE) of RAFFLES EDUCATION LIMITED is −0.9% (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 RAFFLES EDUCATION LIMITED (NR7)?
On an EBIT basis the return on assets of RAFFLES EDUCATION LIMITED is −0.1% (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 RAFFLES EDUCATION LIMITED (NR7)?
The operating margin of RAFFLES EDUCATION LIMITED is −1.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at RAFFLES EDUCATION LIMITED (NR7)?
Revenue at RAFFLES EDUCATION LIMITED is growing −10.4% versus a year earlier (3y avg −1.2%). 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 RAFFLES EDUCATION LIMITED (NR7)?
Earnings per share at RAFFLES EDUCATION LIMITED are growing −57.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does RAFFLES EDUCATION LIMITED (NR7) carry?
The net debt of RAFFLES EDUCATION LIMITED is 47.0M SGD (fiscal year 2026, ≈ 15.2 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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