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Ryde Group Ltd. (RYDE) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Ryde Group Ltd. $0.13, price $0.72, upside -82.2%, quality 32 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
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Technology · US · ISIN KYG7733R1020

RG Ryde Group Ltd. logo Thin data Sep 27, 2026

Ryde Group Ltd.

RYDE · US

Weakest SetupStrongly overvalued and low quality.

!Fair value $0.1275 · Strongly overvalued (−82.2%)
!Quality 32/100
!Expensive Growth (revenue 3y +12.3 %/yr)
!Loss-making · -119.6% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (1/8)
!Narrow moat 9/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

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

Price vs Fair Value

$20.40 $0.1764 Fair Value $0.1275 Mar 2024 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

31‑month range $0.1764 – $20.40 · fair‑value band $0.0850 – $0.1615 · the $0.7160 price screens above the $0.1275 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Ryde Group Ltd engages in the provision of mobility and quick commerce solutions in Singapore. The company offers on-demand and scheduled carpooling and ride-hailing services; matching riders to its driver partners; and on-demand, scheduled, and multi-stop parcel delivery services.

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Ryde Group Ltd engages in the provision of mobility and quick commerce solutions in Singapore. The company offers on-demand and scheduled carpooling and ride-hailing services; matching riders to its driver partners; and on-demand, scheduled, and multi-stop parcel delivery services. It also operates RydePay, a digital payments solution that allows users to pay and top up by card and to pay by RydeCoins; and Ryde+, a value subscription plan service with an auto-renewing payment. The company was founded in 2014 and is headquartered in Singapore.

Stock analysis

Ryde Group Ltd. (RYDE) currently trades at $0.7160, while our model-based Fair Value estimate is $0.1275, 82.2% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 94/100, which puts the evidence level at low.

Scenario range: $0.0850 (bear) to $0.1615 (bull), the price of $0.7160 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 32/100 (below-average quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Ryde Group Ltd. reported revenue of 12.5M SGD in FY2025 versus 6.2M SGD in FY2021, a compound +19.2%/yr. Reported net income was −17.7M SGD in FY2025.

Key figures

Market cap $126M · P/S ratio 9.28 · EPS (TTM) $−0.6700 · Net margin −141% · Return on equity −91.3% · Return on assets (EBIT) −108% · Operating margin −55.0% · Revenue (TTM) 13.6M SGD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).

What moves the price

The share trades about 52% below its 52-week high and 223% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at −82%, RYDE screens richer than that median.

Fair Value models

Bear $0.0850 Fair Value $0.1275 Bull $0.1615
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. 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
NCAV (Graham) $0.0800 $0.1100 $0.1700 53
All 1 models by family
Asset-Based
NCAV (Graham) $0.0800 $0.1100 $0.1700 53

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Quality Score breakdown

Overall quality 32/100

Of which business quality 37 · Market factors (momentum, volatility) 50

Profitability 6
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 18
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 42
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 0
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. 40/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+39.7%
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.
+12.3%
Profit margin (trend) ⓘ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.
−34.2% (2022) → −139.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

RYDE screens overvalued: fair value 82% below the price. Compare with SAP SE →

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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.Software - Application · 636 stocks

Beats the industry median on 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside −81.1% · Bottom 25%
Profitability
Return on assets −46.0% · Bottom 25%
Net margin (TTM) −119.6% · Bottom 25%
Operating margin (TTM) −55.0% · Bottom 25%
Growth and dividend
Revenue growth 38.8% · Top 25%
Balance sheet
Debt / equity 0.16× · Above median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 27
FUTURE (revenue growth)100 · sector 44
PAST (return on equity)0 · sector 19
HEALTH (low debt)92 · sector 97
DIVIDEND (yield)0 · sector 30

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 Software - Application stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
SAP SE SAP €186.74 €172.46 −8%
Salesforce, Inc CRM $229.57 $342.73 +49%
Shopify Inc SHOP $144.01 $64.36 −55%
ServiceNow, Inc NOW $134.01 $147.41 +10%
Uber Technologies, Inc UBER $69.36 $103.69 +49%
Snowflake Inc SNOW $330.31 $74.36 −77%
Automatic Data Processing, Inc ADP $261.80 $150.01 −43%
Adobe Inc ADBE $239.94 $454.04 +89%
Datadog, Inc DDOG $268.70 $32.52 −88%
Cadence Design Systems, Inc CDNS $326.70 $225.48 −31%

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Cite: Fair Value Calculator (2026). "Ryde Group Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/RYDE

Frequently asked questions

Is Ryde Group Ltd. (RYDE) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of $0.1275 versus a price of $0.7160, about −82% upside (overvalued).
What is the fair value of RYDE?
Our model-based fair value for Ryde Group Ltd. is $0.1275 (as of Sep 27, 2026), built from audited fundamentals. The current price: $0.7160.
What is the quality score of RYDE?
Ryde Group Ltd. has a Quality Score of 32/100. 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 Ryde Group Ltd. (RYDE)?
Our model-based price target is the fair value of $0.1275 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario $0.0850, optimistic scenario $0.1615. It is a calculation from audited fundamentals, not an analyst target.
What is the Ryde Group Ltd. stock forecast for 2026?
Our models put fair value at $0.1275, about −82% upside versus a price of $0.7160 (overvalued). Cautious scenario $0.0850, optimistic scenario $0.1615. The calculation is refreshed regularly with new filings.
What is the revenue of Ryde Group Ltd. (RYDE)?
Ryde Group Ltd. reported trailing-twelve-month revenue of about 13.6M SGD (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Ryde Group Ltd. (RYDE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ryde Group Ltd. it is $0.1275 per share (as of Sep 27, 2026), against a price of $0.7160. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Ryde Group Ltd. stock overvalued or undervalued in 2026?
As of Sep 27, 2026, RYDE trades above its calculated fair value: price $0.7160, fair value $0.1275, a gap of about −82% (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 RYDE?
No. The price is what the market pays today ($0.7160); the fair value is what the company's own numbers justify ($0.1275). For Ryde Group Ltd. the two are $0.5885 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ryde Group Ltd. worth?
The market values Ryde Group Ltd. at about $126M (market capitalisation, as of Sep 27, 2026). Per share that is $0.7160; our models calculate a fair value of $0.1275 per share.
What do the bullish and bearish scenarios say about RYDE?
Our models span a range for Ryde Group Ltd.: cautious scenario $0.0850, base $0.1275, optimistic $0.1615 per share (as of Sep 27, 2026, price $0.7160). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ryde Group Ltd. (RYDE)?
Balance-sheet figures for Ryde Group Ltd. (as of Sep 27, 2026): return on equity −91.3%, debt of 0.16 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is RYDE from its 52-week high?
Ryde Group Ltd. trades at $0.7160, about 52% below its 52-week high of $1.49 and 223% above the low of $0.2219 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $0.1275 is for.
Which stocks are comparable to Ryde Group Ltd.?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, 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 Ryde Group Ltd. stock attractive at the current price?
The data as of Sep 27, 2026: price $0.7160, calculated fair value $0.1275 (−82%), Quality Score 32/100, from 1 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 RYDE calculated?
We run Ryde Group Ltd. through 1 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 $0.1275, 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 14.5 % above its aggregate fair value. Ryde Group 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 Ryde Group Ltd. (RYDE)?
The closing price on Oct 2, 2026 was $0.7160. Our model-based fair value is $0.1275, about −82% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ryde Group Ltd. right now?
The price sits above even our optimistic bull case ($0.1615). The favourable scenario is already priced in. Weak quality (32/100) 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. A fairly wide model range ($0.0850 to $0.1615) leaves room in how you read the outcome.

Key figures of Ryde Group Ltd.

How large is the market capitalisation of Ryde Group Ltd. (RYDE)?
The market capitalisation of Ryde Group Ltd. is $126M. 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 Ryde Group Ltd. (RYDE)?
The price-to-sales ratio of Ryde Group Ltd. is 9.28 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ryde Group Ltd. (RYDE)?
Earnings per share at Ryde Group Ltd. are $−0.6700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ryde Group Ltd. (RYDE)?
The net margin of Ryde Group Ltd. is −141% (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 Ryde Group Ltd. (RYDE)?
The return on equity (ROE) of Ryde Group Ltd. is −91.3% (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 Ryde Group Ltd. (RYDE)?
On an EBIT basis the return on assets of Ryde Group Ltd. is −108% (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 Ryde Group Ltd. (RYDE)?
The operating margin of Ryde Group Ltd. is −55.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ryde Group Ltd. (RYDE)?
Revenue at Ryde Group Ltd. is growing +38.8% versus a year earlier (3y avg +12.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Ryde Group Ltd. (RYDE) generate?
The free cash flow of Ryde Group Ltd. is −24.1M SGD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Ryde Group Ltd. (RYDE) hold?
Ryde Group Ltd. holds more cash than debt, 4.9M SGD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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