PROEN Corp Public Company Limited (PROEN) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of PROEN Corp Public Company Limited THB 0.23, price THB 0.79, upside -70.9%, quality 28 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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PROEN Corp Public Company Limited, together with its subsidiaries, engages in the distribution of IT equipment in Thailand. It operates through three segments: IT Equipment Distribution; Internet Data Center and Related Services; and Construction.
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PROEN Corp Public Company Limited, together with its subsidiaries, engages in the distribution of IT equipment in Thailand. It operates through three segments: IT Equipment Distribution; Internet Data Center and Related Services; and Construction. The company provides internet data centers; DevOps; database as a service, S3 storage, backup as a service, DR as a service, and data warehouse development; security, such as security service edge, WAF and DDoS protection, manage detect and response, zero trust network access, secure access service edge, vulnerability management, penetration test, and single sign-on as a service; and telecommunication services, including site preparation, electrical and transmission, pipe jacking, and telecom equipment installation and wireless backhaul services. It also offers digital solutions, which include smart city and IoT solutions, as well as c. The company also offers computer and technology training, teaching, and consulting services; purchases, sells, and services machinery and other equipment for construction works; and provides construction services. The company was formerly known as Proimage Engineering and Communication Company Limited. PROEN Corp Public Company Limited was founded in 1997 and is based in Bangkok, Thailand.
Stock analysis
PROEN Corp Public Company Limited (PROEN) currently trades at 0.7900 THB, while our model-based Fair Value estimate is 0.2300 THB, implying the stock looks roughly 243.5% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 1.00 THB per share, and 3 of the 8 models we run sit above the 0.7900 THB price.
Bear case: the Earnings-Based group reads lowest at 0.0900 THB, and 5 of the 8 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.1700 THB (bear) to 0.2900 THB (bull), the price of 0.7900 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 28/100 (below-average quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
PROEN Corp Public Company Limited reported revenue of 567M THB in FY2025 versus 1.1B THB in FY2021, a compound −14.4%/yr. Reported net income was 4.1M THB in FY2025, compounding −38.6%/yr from FY2021.
Key figures
Market cap 400M THB (≈ $12.0M) · P/E ratio 39.5 · P/S ratio 0.29 · EPS (TTM) 0.0200 THB · Net margin 0.7% · Return on equity 1.4% · Return on assets (EBIT) 2.3% · Operating margin −10.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 47% fair-value upside, at −71%, PROEN screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.0900 THB to 1.47 THB). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 0.1700 THBFair Value 0.2300 THBBull 0.2900 THB
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 2025 figures (about 9 months old). Earnings retained since then (0.0147 THB 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.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.14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−19.9%
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.
−28.2%
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.
−10.7%
Start year 2020 (pandemic)
Revenue growth 9 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.
+7.5%
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What shareholders gained per year (last 5 years), in THB ⓘ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 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.
−44.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−44.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−45% vs −28%, slowing
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.7% → −2%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 12.7%/yr over ~7Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare PROEN Corp Public Company 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.Telecom Services · 249 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside−71% · Bottom 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets−1% · Bottom 25%
Net margin (TTM)2% · Below median
Operating margin (TTM)−10% · Bottom 25%
Growth and dividend
Revenue growth−51% · Bottom 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Telecom Services median · lower = cheaper
P/E (TTM)39.5× · Priciest 25%
P/B0.68× · Cheapest 25%
P/S (TTM)0.83× · Cheaper than median
EV/EBITDA16.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 40
FUTURE (revenue growth)0· sector 16
PAST (return on equity)5· sector 29
HEALTH (low debt)97· sector 83
DIVIDEND (yield)0· sector 76
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.
Cite: Fair Value Calculator (2026). "PROEN Corp Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/PROEN
Frequently asked questions
Is PROEN Corp Public Company Limited (PROEN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.2300 THB versus a price of 0.7900 THB, about −71% upside (overvalued).
What is the fair value of PROEN?
Our model-based fair value for PROEN Corp Public Company Limited is 0.2300 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.7900 THB.
What is the quality score of PROEN?
PROEN Corp Public Company Limited has a Quality Score of 28/100. 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 PROEN Corp Public Company Limited (PROEN)?
Our model-based price target is the fair value of 0.2300 THB (as of Sep 24, 2026) from 8 valuation models. Cautious scenario 0.1700 THB, optimistic scenario 0.2900 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the PROEN Corp Public Company Limited stock forecast for 2026?
Our models put fair value at 0.2300 THB, about −71% upside versus a price of 0.7900 THB (overvalued). Cautious scenario 0.1700 THB, optimistic scenario 0.2900 THB. The calculation is refreshed regularly with new filings.
What is the revenue of PROEN Corp Public Company Limited (PROEN)?
PROEN Corp Public Company Limited reported trailing-twelve-month revenue of about 482M THB (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of PROEN Corp Public Company Limited (PROEN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For PROEN Corp Public Company Limited it is 0.2300 THB per share (as of Sep 24, 2026), against a price of 0.7900 THB. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is PROEN Corp Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PROEN trades above its calculated fair value: price 0.7900 THB, fair value 0.2300 THB, a gap of about −71% (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 PROEN?
No. The price is what the market pays today (0.7900 THB); the fair value is what the company's own numbers justify (0.2300 THB). For PROEN Corp Public Company Limited the two are 0.5600 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is PROEN Corp Public Company Limited worth?
The market values PROEN Corp Public Company Limited at about 400M THB (market capitalisation, as of Sep 24, 2026). Per share that is 0.7900 THB; our models calculate a fair value of 0.2300 THB per share.
What do the bullish and bearish scenarios say about PROEN?
Our models span a range for PROEN Corp Public Company Limited: cautious scenario 0.1700 THB, base 0.2300 THB, optimistic 0.2900 THB per share (as of Sep 24, 2026, price 0.7900 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PROEN?
PROEN Corp Public Company Limited trades at a price-to-earnings ratio of 39.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.2300 THB is built from several models across several years. Other multiples: P/B 0.7, P/S 0.8, EV/EBITDA 16.8.
How solid is the balance sheet of PROEN Corp Public Company Limited (PROEN)?
Balance-sheet figures for PROEN Corp Public Company Limited (as of Sep 24, 2026): return on equity 1.4%, debt of 0.05 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is PROEN from its 52-week high?
PROEN Corp Public Company Limited trades at 0.7900 THB, about 46% below its 52-week high of 1.45 THB and 3% above the low of 0.7700 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.2300 THB is for.
Which stocks are comparable to PROEN Corp Public Company Limited?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T 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 PROEN Corp Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 0.7900 THB, calculated fair value 0.2300 THB (−71%), Quality Score 28/100, from 8 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 PROEN calculated?
We run PROEN Corp Public Company Limited through 8 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 0.2300 THB, 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 14.0 % above its aggregate fair value. PROEN Corp Public Company 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 PROEN Corp Public Company Limited (PROEN)?
The closing price on Sep 24, 2026 was 0.7900 THB. Our model-based fair value is 0.2300 THB, about −71% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with PROEN Corp Public Company Limited right now?
The price sits above even our optimistic bull case (0.2900 THB). The favourable scenario is already priced in. Weak quality (28/100) 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.
Key figures of PROEN Corp Public Company Limited
How large is the market capitalisation of PROEN Corp Public Company Limited (PROEN)?
The market capitalisation of PROEN Corp Public Company Limited is 400M THB (≈ $12.0M). 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 PROEN Corp Public Company Limited (PROEN)?
The price-to-sales ratio of PROEN Corp Public Company Limited is 0.29 (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 PROEN Corp Public Company Limited (PROEN)?
Earnings per share at PROEN Corp Public Company Limited are 0.0200 THB (price ÷ EPS = P/E 39.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of PROEN Corp Public Company Limited (PROEN)?
The net margin of PROEN Corp Public Company Limited is 0.7% (fiscal year 2025). 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 PROEN Corp Public Company Limited (PROEN)?
The return on equity (ROE) of PROEN Corp Public Company Limited is 1.4% (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 PROEN Corp Public Company Limited (PROEN)?
On an EBIT basis the return on assets of PROEN Corp Public Company Limited is 2.3% (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 PROEN Corp Public Company Limited (PROEN)?
The operating margin of PROEN Corp Public Company Limited is −10.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at PROEN Corp Public Company Limited (PROEN)?
Revenue at PROEN Corp Public Company Limited is growing −51.0% versus a year earlier (3y avg −28.2%). 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 PROEN Corp Public Company Limited (PROEN)?
Earnings per share at PROEN Corp Public Company Limited are growing +764% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does PROEN Corp Public Company Limited (PROEN) generate?
The free cash flow of PROEN Corp Public Company Limited is −106M THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does PROEN Corp Public Company Limited (PROEN) carry?
The net debt of PROEN Corp Public Company Limited is 27.7M THB (fiscal year 2025). 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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