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Proud Real Estate Public Company Limited (PROUD) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Proud Real Estate Public Company Limited THB 0.62, price THB 1.14, upside -45.5%, quality 51 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? Yes
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Real Estate · TH

PR Thin data Sep 24, 2026

Proud Real Estate Public Company Limited

PROUD · BK

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value 0.6209 THB · Strongly overvalued (−46%)
!Quality 51/100
!Mixed Growth (revenue 5y +103.7 %/yr)
!Thin margins · 2.6% net margin (TTM)
✓Moderate debt · generates free cash flow
·7.89% dividend yield
✓Ranks above peers (9/15)
!Narrow moat 39/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

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

Price vs Fair Value

2.26 THB 0.6244 THB Fair Value 0.6209 THB Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range 0.6244 THB – 2.26 THB · fair‑value band 0.3682 THB – 0.7146 THB · the 1.14 THB price screens above the 0.6209 THB fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Proud Real Estate Public Company Limited, together with its subsidiaries, engages in the real estate development businesses in Thailand. It also develops and sells land, houses, and residential condominium units; and provides property management services. Proud Real Estate Public Company Limited was founded in 1989 and is headquartered in Bangkok, Thailand.

Stock analysis

Proud Real Estate Public Company Limited (PROUD) currently trades at 1.14 THB, while our model-based Fair Value estimate is 0.6209 THB, implying the stock looks roughly 83.6% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 3.88 THB per share, and 14 of the 14 models we run sit above the 1.14 THB price.

Bear case: the Asset-Based group reads lowest at 1.19 THB, and 0 of the 14 models stay below the price. Evidence for this calculation is low.

Scenario range: 0.3682 THB (bear) to 0.7146 THB (bull), the price of 1.14 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 51/100 (solid quality), in the Real Estate sector.

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

Proud Real Estate Public Company Limited reported revenue of 6.4B THB in FY2025 versus 3.1M THB in FY2021, a compound +570.7%/yr. Reported net income was 168M THB in FY2025.

Key figures

Market cap 1.1B THB (≈ $33.3M) · P/E ratio 7.1 · P/S ratio 0.19 · EPS (TTM) 0.1600 THB · Dividend yield 7.9% · Net margin 2.6% · Return on equity 9.2% · Return on assets (EBIT) 3.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).

What moves the price

The share trades about 8% below its 52-week high and 83% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at −46%, PROUD screens richer than that median.

Fair Value models

Bear 0.3682 THB Fair Value 0.6209 THB Bull 0.7146 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 (0.0514 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.
Highest evidence
FCF DCF 30.78 THB 48.16 THB 102.35 THB 73
Growth DCF 28.82 THB 56.14 THB 100.16 THB 73
Residual Income 1.53 THB 1.68 THB 2.43 THB 73
All 14 models by family
DCF Models
FCF DCF 30.78 THB 48.16 THB 102.35 THB 73
5Y Revenue Exit 10.72 THB 15.36 THB 24.71 THB 69
5Y EBITDA Exit 11.86 THB 17.66 THB 28.88 THB 71
10Y Revenue Exit 16.79 THB 28.76 THB 33.34 THB 66
10Y EBITDA Exit 17.77 THB 31.16 THB 51.29 THB 64
Multiples
P/S Multiple 2.20 THB 2.93 THB 3.66 THB 58
P/B Multiple 2.20 THB 2.93 THB 3.66 THB 55
EV/EBIT 5.31 THB 7.56 THB 9.81 THB 65
EV/EBITDA 4.10 THB 5.94 THB 7.79 THB 67
EV/Revenue 2.29 THB 3.88 THB 5.48 THB 52
Asset-Based
NCAV (Graham) 0.8900 THB 1.19 THB 1.78 THB 54
Growth DCF
Growth DCF 28.82 THB 56.14 THB 100.16 THB 73
Rev-Margin DCF 11.73 THB 17.84 THB 30.97 THB 68
Economic Profit
Residual Income 1.53 THB 1.68 THB 2.43 THB 73

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Quality Score breakdown

Overall quality 51/100

Of which business quality 54 · Market factors (momentum, volatility) 66

Profitability 37
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 40
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. 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+186.6%
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.
+44.5%
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.
+103.7%
Start year 2020 (pandemic). Over 10 years: +29.2% a year
Revenue growth 22 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.
+15.5%
What shareholders gained per year (last 3 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 3 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.
−2.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.4%
Dividend (yield on the price)7.9%
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.−31% → 6%
⚠ Revenue per share shrinking 4.8%/yr over ~10Y (margin trend unclear) ⓘ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.

PROUD screens 84% overvalued. Compare with Sun Hung Kai Properties Limited →

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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.Real Estate - Development · 578 stocks

Beats the industry median on 9/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 51 · Above median
Fair Value upside −46% · Bottom 25%
Profitability
Return on equity (TTM) 9% · Above median
Return on assets 3% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 7% · Below median
Growth and dividend
Revenue growth −25% · Below median
Dividend yield (TTM) 7.9% · Top 25%
Balance sheet
Debt / equity 1.06× · Highest 25%

Valuation Multiplesvs Real Estate - Development median · lower = cheaper

P/E (TTM) 7.1× · Cheaper than median
P/B 0.64× · Pricier than median
P/S (TTM) 0.19× · Cheapest 25%
P/FCF 0.0× · Cheapest 25%
EV/EBITDA 5.4× · Cheaper than median
PEG 0.01× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 47
FUTURE (revenue growth)0 · sector 0
PAST (return on equity)37 · sector 11
HEALTH (low debt)47 · sector 83
DIVIDEND (yield)100 · sector 56

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Sun Hung Kai Properties Limited 0016 HK$109.10 HK$147.78 +35%
China Resources Land Limited 1109 HK$29.62 HK$74.05 +150%
Vinhomes Joint Stock Company VHM 68,200 VND 112,796 VND +65%
CK Asset Holdings 1113 HK$46.44 HK$71.69 +54%
Hongkong Land Holdings H78 $8.74 $1.52 −83%
DLF Limited DLF ₹675.00 ₹167.21 −75%
China Overseas Land & Investment Limited 0688 HK$12.43 HK$22.35 +80%
Lodha Developers Limited LODHA ₹1,163 ₹275.95 −76%
PT Pantai Indah Kapuk Dua Tbk, PANI 5,075 IDR 1,325 IDR −74%
Poly Developments and Holdings 600048 ¥5.64 ¥14.10 +150%

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Cite: Fair Value Calculator (2026). "Proud Real Estate Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/PROUD

Frequently asked questions

Is Proud Real Estate Public Company Limited (PROUD) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.6209 THB versus a price of 1.14 THB, about −46% upside (overvalued).
What is the fair value of PROUD?
Our model-based fair value for Proud Real Estate Public Company Limited is 0.6209 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 1.14 THB.
What is the quality score of PROUD?
Proud Real Estate Public Company Limited has a Quality Score of 51/100. 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 Proud Real Estate Public Company Limited (PROUD)?
Our model-based price target is the fair value of 0.6209 THB (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 0.3682 THB, optimistic scenario 0.7146 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Proud Real Estate Public Company Limited stock forecast for 2026?
Our models put fair value at 0.6209 THB, about −46% upside versus a price of 1.14 THB (overvalued). Cautious scenario 0.3682 THB, optimistic scenario 0.7146 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Proud Real Estate Public Company Limited (PROUD)?
Proud Real Estate Public Company Limited reported trailing-twelve-month revenue of about 6.0B THB (latest available figure, as of Sep 24, 2026).
Does Proud Real Estate Public Company Limited pay a dividend?
Proud Real Estate Public Company Limited currently shows a dividend yield of about 7.89% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Proud Real Estate Public Company Limited (PROUD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Proud Real Estate Public Company Limited it is 0.6209 THB per share (as of Sep 24, 2026), against a price of 1.14 THB. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Proud Real Estate Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PROUD trades above its calculated fair value: price 1.14 THB, fair value 0.6209 THB, a gap of about −46% (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 PROUD?
No. The price is what the market pays today (1.14 THB); the fair value is what the company's own numbers justify (0.6209 THB). For Proud Real Estate Public Company Limited the two are 0.5191 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Proud Real Estate Public Company Limited worth?
The market values Proud Real Estate Public Company Limited at about 1.1B THB (market capitalisation, as of Sep 24, 2026). Per share that is 1.14 THB; our models calculate a fair value of 0.6209 THB per share.
What do the bullish and bearish scenarios say about PROUD?
Our models span a range for Proud Real Estate Public Company Limited: cautious scenario 0.3682 THB, base 0.6209 THB, optimistic 0.7146 THB per share (as of Sep 24, 2026, price 1.14 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PROUD?
Proud Real Estate Public Company Limited trades at a price-to-earnings ratio of 7.1 (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 0.6209 THB is built from several models across several years. Other multiples: PEG 0.0, P/B 0.6, P/S 0.2, EV/EBITDA 5.4.
What is the PEG ratio of PROUD?
The PEG ratio of Proud Real Estate Public Company Limited is 0.01 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Proud Real Estate Public Company Limited (PROUD)?
Balance-sheet figures for Proud Real Estate Public Company Limited (as of Sep 24, 2026): return on equity 9.2%, debt of 1.06 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is PROUD from its 52-week high?
Proud Real Estate Public Company Limited trades at 1.14 THB, about 8% below its 52-week high of 1.24 THB and 83% above the low of 0.6244 THB (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 0.6209 THB is for.
Which stocks are comparable to Proud Real Estate Public Company Limited?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset 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 Proud Real Estate Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 1.14 THB, calculated fair value 0.6209 THB (−46%), Quality Score 51/100, 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 PROUD calculated?
We run Proud Real Estate Public Company 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 0.6209 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 14.1 % above its aggregate fair value. Proud Real Estate 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 Proud Real Estate Public Company Limited (PROUD)?
The closing price on Sep 23, 2026 was 1.14 THB. Our model-based fair value is 0.6209 THB, about −46% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Proud Real Estate Public Company Limited right now?
The price sits above even our optimistic bull case (0.7146 THB). 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 (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (0.3682 THB to 0.7146 THB) leaves room in how you read the outcome.
Where does the earnings growth of Proud Real Estate Public Company Limited (PROUD) come from?
Earnings per share at Proud Real Estate Public Company Limited grew +30.7 % a year from 2015 to 2025. Broken into its drivers: revenue per share +2.9 %, EBIT margin +25.7 %, tax rate +3.4 %, residual (interest, one-offs) −2.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Proud Real Estate Public Company Limited

How large is the market capitalisation of Proud Real Estate Public Company Limited (PROUD)?
The market capitalisation of Proud Real Estate Public Company Limited is 1.1B THB (≈ $33.3M). 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 Proud Real Estate Public Company Limited (PROUD)?
The price-to-sales ratio of Proud Real Estate Public Company Limited is 0.19 (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 Proud Real Estate Public Company Limited (PROUD)?
Earnings per share at Proud Real Estate Public Company Limited are 0.1600 THB (price ÷ EPS = P/E 7.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Proud Real Estate Public Company Limited (PROUD)?
The dividend yield of Proud Real Estate Public Company Limited is 7.9% (payout 56.3%). 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 Proud Real Estate Public Company Limited (PROUD)?
The net margin of Proud Real Estate Public Company Limited is 2.6% (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 Proud Real Estate Public Company Limited (PROUD)?
The return on equity (ROE) of Proud Real Estate Public Company Limited is 9.2% (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 Proud Real Estate Public Company Limited (PROUD)?
On an EBIT basis the return on assets of Proud Real Estate Public Company Limited is 3.4% (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 Proud Real Estate Public Company Limited (PROUD)?
The operating margin of Proud Real Estate Public Company Limited is 7.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Proud Real Estate Public Company Limited (PROUD)?
Revenue at Proud Real Estate Public Company Limited is growing −25.3% versus a year earlier (3y avg +44.5%). 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 Proud Real Estate Public Company Limited (PROUD)?
Earnings per share at Proud Real Estate Public Company Limited are growing −15.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Proud Real Estate Public Company Limited (PROUD) generate?
The free cash flow of Proud Real Estate Public Company Limited is 1.9B 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 Proud Real Estate Public Company Limited (PROUD) carry?
The net debt of Proud Real Estate Public Company Limited is 3.3B THB (fiscal year 2025, ≈ 1.7 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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