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Pro Inside Public Company Limited (PIS) Fair Value & Analysis

Technology · TH · Market cap 2.8B THB (≈ $83.2M)

PI Pro Inside Public Company Limited PIS · BK
Price5.75 THB
Fair Value13.21 THB
Upside+129.7%
Quality50/100
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Strengths

Trades 56% below our fair value of 13.21 THB
Ranks above peers (11/13)

Risks

!Expensive Growth (revenue 3y +69.6 %/yr)
!Thin margins · 8.6% net margin
!Low debt · negative free cash flow
!Moderate moat 60/100
Expensive Growth (revenue 3y +69.6 %/yr)
Thin margins · 8.6% net margin
Low debt · negative free cash flow
3.48% dividend yield
Ranks above peers (11/13)
Moderate moat 60/100
Evidence: Low Range 9.47 THB – 16.96 THB Share as image

Fair value as of: Aug 21, 2026

From 15 valuation models · updated 10 days ago

Share price +15.0% over the past month.

A solid business, trading 56% below our fair value.

What runs behind every stock

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

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What matters now

  • The price is below even our cautious bear case (9.47 THB). The market is more pessimistic than our downside scenario.
  • 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 quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (19 months)

6.11 THB 2.80 THB Fair Value 13.21 THB Jan 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

19‑month range 2.80 THB – 6.11 THB · fair‑value band 9.47 THB – 16.96 THB · the 5.75 THB price screens below the 13.21 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

Pro Inside Public Company Limited (PIS) currently trades at 5.75 THB, while our model-based Fair Value estimate is 13.21 THB, implying the stock looks roughly 129.7% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Pro Inside Public Company Limited generated revenue of 3.2B THB at a net margin of 8.6%. Revenue grew 16.8% year over year. It earns a return on equity of 28.2%. Net debt stands at 958M THB. Fundamentals as of Aug 21, 2026

Our scenario range runs from 9.47 THB (bear case) to 16.96 THB (bull case); at 5.75 THB, the current price sits below 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 near its 52-week high and 107% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at 76% fair-value upside, at 130%, PIS screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.21 THB per share, which is 1.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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
EPV best evidence 5.47 THB 6.28 THB 6.99 THB 71
EV/EBITDA 11.54 THB 15.29 THB 19.03 THB 67
Owner Earnings 9.11 THB 19.83 THB 41.51 THB 66
All 15 models by family
DCF Models
Owner Earnings 9.11 THB 19.83 THB 41.51 THB 66
Earnings-Based
Graham-Dodd 3.42 THB 23.84 THB 33.45 THB 59
Lynch FV 12.31 THB 17.59 THB 22.87 THB 57
PEG = 1.0 12.31 THB 17.59 THB 22.87 THB 53
EPV best evidence 5.47 THB 6.28 THB 6.99 THB 71
Multiples
P/E Multiple 10.55 THB 14.07 THB 17.59 THB 63
P/S Multiple 6.41 THB 8.54 THB 10.68 THB 58
P/B Multiple 6.41 THB 8.54 THB 10.68 THB 55
EV/EBIT 13.25 THB 17.57 THB 21.88 THB 66
EV/EBITDA 11.54 THB 15.29 THB 19.03 THB 67
EV/Revenue 6.85 THB 9.65 THB 12.46 THB 54
Asset-Based
NCAV (Graham) 0.9700 THB 1.29 THB 1.93 THB 54
Economic Profit
Residual Income 3.33 THB 4.52 THB 27.11 THB 59
ROIC Compounder 7.06 THB 10.60 THB 15.21 THB 66
Growth Earnings
Growth-Adj P/E 17.78 THB 25.40 THB 33.02 THB 63

Widest divergence: Growth Earnings (25.40 THB) versus Asset-Based (1.29 THB). Highest evidence: EPV (71).

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Key figures & financial health

P/E ratio 11.3
P/S ratio 0.98 P/E × margin
EPS (TTM) 0.5100 THB price ÷ EPS = P/E 11.3
Dividend yield 3.5% payout 39.2%
Net margin 8.7% FY2025
Return on equity 28.2% TTM
More key figures
Profitability
Return on assets (EBIT) 9.9% avg 4y
Operating margin 15.1% TTM
Growth
Revenue (TTM) 3.2B THB TTM
Revenue growth (YoY) +16.8% 3y avg +69.6%
Balance sheet & cash flow
Free cash flow −859M THB FY2025
Net debt 958M THB FY2025

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 48 · Market factors (momentum, volatility) 84

Profitability 58
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 91
Price trend over the last 3–12 months (market factor)
52W Momentum 94
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Pro Inside Public Company Limited provides information system for software and hardware, security system, and CCTV system in Thailand. The company operates through two segments: System Integration Business, and Sales and Services Business.

Full company description

Pro Inside Public Company Limited provides information system for software and hardware, security system, and CCTV system in Thailand. The company operates through two segments: System Integration Business, and Sales and Services Business. It also provides consulting, developing, installing, distributing, and maintenance services for private and government sectors. In addition, the company offers information technology (IT) services; ICT application solutions; IT integration services; physical security services; and hardware and software services, as well as system maintenance, project consultancy services for project management, equipment and software sales, and others. The company was formerly known as RAYTEL CO.,LTD and changed its name to Pro Inside Public Company Limited in January 2021. Pro Inside Public Company Limited was founded in 2012 and is based in Bangkok, Thailand. Pro Inside Public Company Limited is a subsidiary of Sky ICT Public Company Limited.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Pro Inside Public Company Limited reported revenue of 3.1B THB in FY2025 versus 643M THB in FY2022, a compound +69.6%/yr. Reported net income was 271M THB in FY2025, compounding +144.0%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.1B THB
Latest YoY
+113.0%
Avg. revenue 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.
+69.6%
Value creation/yr (3Y, in THB) Earnings growth per share (CAGR 3 years) plus dividend yield: value created per share and year. Measured in THB: 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.
+67.7% (64.2 + 3.5)
Revenue +69.6%/yr
FY22 643M THB
FY23 1.1B THB
FY24 1.5B THB
FY25 3.1B THB
Net income +144.0%/yr
FY22 18.7M THB
FY23 104M THB
FY24 103M THB
FY25 271M THB

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Cite: Fair Value Calculator (2026). "Pro Inside Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/PIS

Peer Group

Information Technology Services · 495 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 50 · Below median
Fair Value upside +130% · Top 25%
Return on equity (TTM) 28% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 15% · Top 25%
Revenue growth 17% · Above median
Dividend yield (TTM) 3.5% · Above median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 11.3× · Cheaper than 75% of peers
P/B 2.64× · Pricier than median
P/S (TTM) 0.85× · Cheaper than median
EV/EBITDA 5.8× · Cheaper 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 33
FUTURE84 · sector 31
PAST100 · sector 35
HEALTH99 · sector 97
DIVIDEND70 · sector 36

Insider activity: 35/100

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.59 $175.76 -25%
Accenture plc ACN $189.61 $334.27 +76%
Tata Consultancy Services Limited TCS ₹2,302 ₹3,473 +51%
Infosys Limited INFY ₹1,111 ₹1,967 +77%
HCL Technologies Limited HCLTECH ₹1,282 ₹1,722 +34%
Fiserv, Inc FI C$5.13 C$8.07 +57%
Wipro Limited WIT $1.83 $3.51 +92%
Fidelity National Information Services, Inc FIS $41.34 $19.28 -53%
Cognizant Technology Solutions Corporation CTSH $62.09 $132.01 +113%
Capgemini SE CAP €109.45 €222.79 +104%

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Frequently asked questions

Is Pro Inside Public Company Limited (PIS) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of 13.21 THB versus a price of 5.75 THB, about +130% (undervalued).
What is the fair value of PIS?
Our model-based fair value for Pro Inside Public Company Limited is 13.21 THB (as of Aug 21, 2026), built from audited fundamentals. The current price: 5.75 THB.
What is the quality score of PIS?
Pro Inside Public Company Limited has a Quality Score of 50/100. 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 Pro Inside Public Company Limited (PIS)?
Pro Inside Public Company Limited reported trailing-twelve-month revenue of about 3.2B THB (latest available figure, as of Aug 21, 2026).
What is the net profit margin of PIS?
The net profit margin of Pro Inside Public Company Limited is about 8.6%, meaning it keeps roughly 8.6% of revenue as net income. Based on the latest reported figures.
Does Pro Inside Public Company Limited pay a dividend?
Pro Inside Public Company Limited currently shows a dividend yield of about 3.48% relative to its recent price (as of Aug 21, 2026).

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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