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PERMANENT MAGNETS LTD.-$ (PERMAGN) fair value: what the stock is really worth

As of Oct 5, 2026: fair value of PERMANENT MAGNETS LTD.-$ ₹144, price ₹850, upside -83.0%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Industrials · IN · ISIN INE418E01018

PM Thin data Oct 2, 2026

PERMANENT MAGNETS LTD.-$

PERMAGN · BSE

Weakest SetupStrongly overvalued and low quality.

Low debt
Quality 45/100
Mixed Growth (revenue 5y +15.1 %/yr in INR)
Thin margins · 5.3% net margin (TTM)
0.3% dividend yield · Token dividend
Fair value ₹144.49 · Strongly overvalued (−83.0%)
Negative free cash flow
Trails peers (5/13)
Narrow moat 41/100
Thin data
Structural break

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹1,654 ₹262.36 Fair Value ₹144.49 May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.

How to read this chart

60‑month range ₹262.36 – ₹1,654 · fair‑value band ₹136.95 – ₹156.45 · the ₹850.45 price screens above the ₹144.49 fair value. Dashed = 300-day average. As of Oct 2, 2026.

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Company profile

Permanent Magnets Limited engages in the manufacture and sale of alnico cast magnets and yoke assemblies, parts, and accessories of electricity and electric vehicles worldwide.

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Permanent Magnets Limited engages in the manufacture and sale of alnico cast magnets and yoke assemblies, parts, and accessories of electricity and electric vehicles worldwide. The company offers soft magnetic and cobalt iron alloys, U-shields and laminated flux concentrators, shunt assemblies for energy meters, brass terminals, automotive shunts, current transformers for energy meters, residual current circuit breakers, core balance current transformers, and amorphous cut and nano crystalline cores, as well as evaluation kits, meters, and probes. It also provides magnetic separators and sweepers, magnetic welding clamps, self-cleaning systems, holding magnets, lifting and cleaning magnets, office and workshop magnets, material handling and retrieving magnets, magnetic grills, alnico magnets, and magnetic assemblies; mumetal sheets and foils; tesla/gauss meters; demagnetizers; relay components; rotor and stator assemblies for BLDC motors; busbar and assemblies; and automotive components, as well as magnetic shield lab kits. In addition, the company is involved in the provision of design services for various current sensing components and modules; heat treatment services, such as dry hydrogen and vacuum annealing; melting services for ingot manufacturing, scrap powder and grinding, alloy powders, and tungsten and tungsten carbide powders; and die casting and calibration services. It serves EV/HEV, renewable energy, aerospace, defense, medical, energy meter, food, pharmaceutical/chemical, cement and steel, and paper/textiles industries. The company was incorporated in 1960 and is based in Thane, India.

Stock analysis

PERMANENT MAGNETS LTD.-$ (PERMAGN) currently trades at ₹850.45, while our model-based Fair Value estimate is ₹144.49, 83.0% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of ₹292.02 per share, and 0 of the 14 models we run sit above the ₹850.45 price.

Bear case: the Dividend Discount group reads lowest at ₹14.89, and 14 of the 14 models stay below the price. Evidence for this calculation is low.

Scenario range: ₹136.95 (bear) to ₹156.45 (bull), the price of ₹850.45 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 45/100 (below-average quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

PERMANENT MAGNETS LTD.-$ reported revenue of ₹2.3B in FY2026 versus ₹1.2B in FY2022, a compound +16.6%/yr. Reported net income was ₹148M in FY2026, compounding −6.2%/yr from FY2022.

Key figures

Market cap ₹7.3B (≈ $75.9M) · P/E ratio 57.7 · P/S ratio 3.77 · EPS (TTM) ₹14.74 · Dividend yield 0.3% · Net margin 6.5% · Return on equity 9.8% · Return on assets (EBIT) 10.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 17% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −83%, PERMAGN screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (₹14.89 to ₹381.43). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ₹136.95 Fair Value ₹144.49 Bull ₹156.45
Price ₹850.45 · Upside -83.0%
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. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹6.49 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. 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.
Highest evidence
Residual Income ₹145.43 ₹155.46 ₹170.63 76
EPV ₹100.71 ₹118.20 ₹132.39 74
ROIC Compounder ₹100.71 ₹118.20 ₹132.39 72
All 14 models by family
Earnings-Based
Graham-Dodd ₹116.81 ₹142.76 ₹160.61 67
EPV ₹100.71 ₹118.20 ₹132.39 74
Dividend Discount
Gordon GGM ₹13.93 ₹14.89 ₹16.30 69
DDM Multi-Stage ₹13.93 ₹16.13 ₹18.86 67
Multiples
P/E Multiple ₹219.01 ₹292.02 ₹365.02 63
P/S Multiple ₹219.01 ₹292.02 ₹365.02 58
P/B Multiple ₹219.01 ₹292.02 ₹365.02 55
EV/EBIT ₹225.56 ₹315.77 ₹405.97 66
EV/EBITDA ₹274.81 ₹381.43 ₹488.05 67
EV/Revenue ₹189.48 ₹289.99 ₹390.51 53
Asset-Based
NCAV (Graham) ₹91.52 ₹122.64 ₹183.04 54
Economic Profit
Residual Income ₹145.43 ₹155.46 ₹170.63 76
ROIC Compounder ₹100.71 ₹118.20 ₹132.39 72
Growth Earnings
Growth-Adj P/E ₹156.03 ₹222.90 ₹289.76 67

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Quality Score breakdown

Overall quality 45/100

Of which business quality 47 · Market factors (momentum, volatility) 39

Profitability 49
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 14
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+10.3%
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.
+15.1%
Start year 2021 (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.
+10.1%
What shareholders gained per year (last 5 years), in INR ⓘ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. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−1.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.8%
Dividend (yield on the price)0.3%
Profit margin 2021 to 2026 ⓘ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.20% → 10%

PERMAGN screens overvalued: fair value 83% below the price. Compare with Contemporary Amperex Technology Co →

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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.Electrical Equipment & Parts · 549 stocks

Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 45 · Below median
Fair Value upside −83.0% · Bottom 25%
Profitability
Return on equity (TTM) 9.8% · Above median
Return on assets 5.8% · Above median
Net margin (TTM) 5.3% · Above median
Operating margin (TTM) 11.8% · Above median
Growth and dividend
Revenue growth 18.1% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%
Balance sheet
Debt / equity 0.43× · Highest 25%

Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 57.7× · Priciest 25%
P/B 4.65× · Priciest 25%
P/S (TTM) 3.10× · Pricier than median
EV/EBITDA 24.8× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)91 · sector 57
PAST (return on equity)39 · sector 26
HEALTH (low debt)79 · sector 97
DIVIDEND (yield)5 · sector 22

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

Context: sector, industry, market

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

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 300750 ¥291.11 ¥695.24 +139%
ABB Ltd ABBN CHF 79.62 CHF 30.01 −62%
Delta Electronics (Thailand) Public Company DELTA 263.00 THB 38.64 THB −85%
Vertiv Holdings VRT $252.18 $178.68 −29%
LG Energy Solution, Ltd 373220 371,000 KRW 201,455 KRW −46%
Prysmian S.p.A PRY €129.80 €75.63 −42%
Legrand SA LR €144.55 €82.77 −43%
nVent Electric plc NVT $164.41 $43.51 −74%
Sungrow Power Supply Co 300274 ¥84.21 ¥185.48 +120%
Hubbell Incorporated HUBB $475.52 $293.28 −38%

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Cite: Fair Value Calculator (2026). "PERMANENT MAGNETS LTD.-$ Fair Value". https://www.fairvalue-calculator.com/stock/PERMAGN

Frequently asked questions

Is PERMANENT MAGNETS LTD.-$ (PERMAGN) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹144.49 versus a price of ₹850.45, about −83% upside (overvalued).
What is the fair value of PERMAGN?
Our model-based fair value for PERMANENT MAGNETS LTD.-$ is ₹144.49 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹850.45.
What is the quality score of PERMAGN?
PERMANENT MAGNETS LTD.-$ has a Quality Score of 45/100. 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 PERMANENT MAGNETS LTD.-$ (PERMAGN)?
Our model-based price target is the fair value of ₹144.49 (as of Oct 2, 2026) from 14 valuation models. Cautious scenario ₹136.95, optimistic scenario ₹156.45. It is a calculation from audited fundamentals, not an analyst target.
What is the PERMANENT MAGNETS LTD.-$ stock forecast for 2026?
Our models put fair value at ₹144.49, about −83% upside versus a price of ₹850.45 (overvalued). Cautious scenario ₹136.95, optimistic scenario ₹156.45. The calculation is refreshed regularly with new filings.
What is the revenue of PERMANENT MAGNETS LTD.-$ (PERMAGN)?
PERMANENT MAGNETS LTD.-$ reported trailing-twelve-month revenue of about ₹2.4B (latest available figure, as of Oct 2, 2026).
Does PERMANENT MAGNETS LTD.-$ pay a dividend?
PERMANENT MAGNETS LTD.-$ currently shows a dividend yield of about 0.26% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of PERMANENT MAGNETS LTD.-$ (PERMAGN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PERMANENT MAGNETS LTD.-$ it is ₹144.49 per share (as of Oct 2, 2026), against a price of ₹850.45. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is PERMANENT MAGNETS LTD.-$ stock overvalued or undervalued in 2026?
As of Oct 2, 2026, PERMAGN trades above its calculated fair value: price ₹850.45, fair value ₹144.49, a gap of about −83% (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 PERMAGN?
No. The price is what the market pays today (₹850.45); the fair value is what the company's own numbers justify (₹144.49). For PERMANENT MAGNETS LTD.-$ the two are ₹705.96 per share apart. That gap is exactly why we show both numbers side by side.
How much is PERMANENT MAGNETS LTD.-$ worth?
The market values PERMANENT MAGNETS LTD.-$ at about ₹7.3B (market capitalisation, as of Oct 2, 2026). Per share that is ₹850.45; our models calculate a fair value of ₹144.49 per share.
What do the bullish and bearish scenarios say about PERMAGN?
Our models span a range for PERMANENT MAGNETS LTD.-$: cautious scenario ₹136.95, base ₹144.49, optimistic ₹156.45 per share (as of Oct 2, 2026, price ₹850.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PERMAGN?
PERMANENT MAGNETS LTD.-$ trades at a price-to-earnings ratio of 57.7 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹144.49 is built from several models across several years. Other multiples: P/B 4.7, P/S 3.1, EV/EBITDA 24.8.
How solid is the balance sheet of PERMANENT MAGNETS LTD.-$ (PERMAGN)?
Balance-sheet figures for PERMANENT MAGNETS LTD.-$ (as of Oct 2, 2026): return on equity 9.8%, debt of 0.43 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is PERMAGN from its 52-week high?
PERMANENT MAGNETS LTD.-$ trades at ₹850.45, about 17% below its 52-week high of ₹1,025 and 34% above the low of ₹635.10 (as of Oct 5, 2026). Distance from the high says nothing about value: that is what the fair value of ₹144.49 is for.
Which stocks are comparable to PERMANENT MAGNETS LTD.-$?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is PERMANENT MAGNETS LTD.-$ stock attractive at the current price?
The data as of Oct 2, 2026: price ₹850.45, calculated fair value ₹144.49 (−83%), Quality Score 45/100, 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 PERMAGN calculated?
We run PERMANENT MAGNETS LTD.-$ 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 ₹144.49, 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 15.0 % above its aggregate fair value. PERMANENT MAGNETS LTD.-$ 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 PERMANENT MAGNETS LTD.-$ (PERMAGN)?
The closing price on Oct 5, 2026 was ₹850.45. Our model-based fair value is ₹144.49, about −83% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PERMANENT MAGNETS LTD.-$ right now?
The price sits above even our optimistic bull case (₹156.45). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (₹136.95 to ₹156.45), unusually little disagreement for a valuation.

Key figures of PERMANENT MAGNETS LTD.-$

How large is the market capitalisation of PERMANENT MAGNETS LTD.-$ (PERMAGN)?
The market capitalisation of PERMANENT MAGNETS LTD.-$ is ₹7.3B (≈ $75.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of PERMANENT MAGNETS LTD.-$ (PERMAGN)?
The price-to-sales ratio of PERMANENT MAGNETS LTD.-$ is 3.77 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of PERMANENT MAGNETS LTD.-$ (PERMAGN)?
Earnings per share at PERMANENT MAGNETS LTD.-$ are ₹14.74 (price ÷ EPS = P/E 57.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of PERMANENT MAGNETS LTD.-$ (PERMAGN)?
The dividend yield of PERMANENT MAGNETS LTD.-$ is 0.3% (payout 14.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of PERMANENT MAGNETS LTD.-$ (PERMAGN)?
The net margin of PERMANENT MAGNETS LTD.-$ is 6.5% (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 PERMANENT MAGNETS LTD.-$ (PERMAGN)?
The return on equity (ROE) of PERMANENT MAGNETS LTD.-$ is 9.8% (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 PERMANENT MAGNETS LTD.-$ (PERMAGN)?
On an EBIT basis the return on assets of PERMANENT MAGNETS LTD.-$ is 10.3% (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 PERMANENT MAGNETS LTD.-$ (PERMAGN)?
The operating margin of PERMANENT MAGNETS LTD.-$ is 11.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PERMANENT MAGNETS LTD.-$ (PERMAGN)?
Revenue at PERMANENT MAGNETS LTD.-$ is growing +18.1% versus a year earlier. 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 PERMANENT MAGNETS LTD.-$ (PERMAGN)?
Earnings per share at PERMANENT MAGNETS LTD.-$ are growing −38.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PERMANENT MAGNETS LTD.-$ (PERMAGN) generate?
The free cash flow of PERMANENT MAGNETS LTD.-$ is −₹258M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does PERMANENT MAGNETS LTD.-$ (PERMAGN) carry?
The net debt of PERMANENT MAGNETS LTD.-$ is ₹422M (fiscal year 2026). 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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