Raffles Medical Group (RAFLF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Raffles Medical Group $0.70, price $0.64, upside +10.0%, quality 69 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Raffles Medical Group
RAFLF · USNeutralQuality growthThe stock looks roughly fairly valued with average quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 24, 2026.
How to read this chart
60‑month range $0.4812 – $0.9971 · fair‑value band $0.5227 – $0.8747 · the $0.6400 price screens below the $0.7040 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 24, 2026.
Company profile
Raffles Medical Group Ltd provides private healthcare services in Singapore, Greater China, Vietnam, Cambodia, and Japan. It operates through four segments: Healthcare Services, Hospital Services, Investment Holdings, and Insurance Services.
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Raffles Medical Group Ltd provides private healthcare services in Singapore, Greater China, Vietnam, Cambodia, and Japan. It operates through four segments: Healthcare Services, Hospital Services, Investment Holdings, and Insurance Services. The company operates Raffles Hospital that offers 24-hour acute and critical care; ambulance services and mobile medical calls to home, hotels, worksites, and onboard ships; and triage, emergency consultation, and inpatient ward admission services. Its hospital also provides various services, including covid 19 test, health screening, executive medical centre, statutory health check, dental, and chinese medicine; and specialist centers for cancer, children, counselling, diabetes and endocrine, dialysis, eye, fertility, heart, internal medicine, neuroscience, nuclear medicine, orthopaedic, pain management, rehabilitation, skin and aesthetics, surgery, urology, and woman, as well as ear, nose, and throat. In addition, the company offers health screening and clinical trial services; Raffles health eStore; and healthcare insurance to corporates and individuals. Further, it is involved in trading of pharmaceutical and nutraceutical products, and diagnostic equipment; operations of medical clinics and other general medical services; provision of management, consultancy, and third-party administration services; medical laboratory and imaging centre business; and investment property activities. The company was founded in 1976 and is based in Singapore.
Stock analysis
Raffles Medical Group (RAFLF) currently trades at $0.6400, while our model-based Fair Value estimate is $0.7040, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $0.7800 per share, and 14 of the 24 models we run sit above the $0.6400 price.
Bear case: the Earnings-Based group reads lowest at $0.2600, and 10 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $0.5227 (bear) to $0.8747 (bull), the price of $0.6400 sits inside 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 69/100 (solid quality), in the Healthcare sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Raffles Medical Group reported revenue of 765M SGD in FY2025 versus 724M SGD in FY2021, a compound +1.4%/yr. Reported net income was 70.5M SGD in FY2025, compounding −4.3%/yr from FY2021.
Key figures
Market cap $1.5B · P/E ratio 21.3 · P/S ratio 1.97 · EPS (TTM) $0.0300 · Dividend yield 4.7% · Net margin 9.2% · Return on equity 6.7% · Return on assets (EBIT) 8.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
For context, the median of 10 Healthcare peers we cover trades at 6% fair-value upside, at 10%, RAFLF screens cheaper than that median.
Fair Value models
All 24 models by family
Notify me when RAFLF reaches fair value
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Set up alert →Quality Score breakdown
Of which business quality 69 · Market factors (momentum, volatility) 33
Revenue & earnings trend
Growth Forecast
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Compare Raffles Medical Group with another stock
Price, fair value, quality and upside side by side.
Context: sector, industry, market
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Medical Care Facilities stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| HCA Healthcare, Inc HCA | $431.63 | $597.97 | +39% |
| Fresenius SE FRE | €43.64 | €34.49 | −21% |
| Dr. Sulaiman Al Habib Medical Services Group 4013 | 225.00 SAR | 109.45 SAR | −51% |
| Tenet Healthcare Corporation THC | $257.93 | $274.35 | +6% |
| IHH Healthcare Berhad, an investment holding company, 5225 | 8.03 MYR | 4.87 MYR | −39% |
| Apollo Hospitals Enterprise Limited APOLLOHOSP | ₹8,889 | ₹2,908 | −67% |
| Encompass Health Corporation EHC | $123.47 | $94.47 | −23% |
| Fresenius Medical Care AG FMS | $22.27 | $45.84 | +106% |
| DaVita Inc DVA | $178.07 | $215.81 | +21% |
| Aier Eye Hospital Group 300015 | ¥7.91 | ¥10.86 | +37% |
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Key figures of Raffles Medical Group
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