Sea Ltd (SE) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Sea Ltd $129, price $103, upside +25.2%, quality 61 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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Sea Ltd
SE · USUndervaluedThe stock appears undervalued with acceptable quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $34.82 – $366.99 · fair‑value band $78.10 – $168.12 · the $103.29 price screens below the $129.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
Sea Limited, through its subsidiaries, operates as a technology company in Southeast Asia, Latin America, the rest of Asia, and internationally. The company operates through E-commerce, Digital Financial Services, and Digital Entertainment segments.
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Sea Limited, through its subsidiaries, operates as a technology company in Southeast Asia, Latin America, the rest of Asia, and internationally. The company operates through E-commerce, Digital Financial Services, and Digital Entertainment segments. It offers Garena, a digital entertainment platform for users to access mobile and PC online games, as well as promotes eSports operations and develops games. The company also operates the Shopee e-commerce platform, a mobile-centric marketplace that provides integrated payments, logistics and fulfillment infrastructure, and other value-added services. In addition, it offers Monee digital financial services comprising consumer, and small and medium-sized enterprises (SME) credit, e- wallets, payment processing, banking, Insurtech, and wealth services; and acts as an underwriter for various life and non-life insurance products under the MoneeInsure tradename, as well as insurance agency services. It serves buyers, such as individuals and households; and sellers, including small and medium businesses, brands, and large retailers. The company was formerly known as Garena Interactive Holding Limited and changed its name to Sea Limited in April 2017. Sea Limited was incorporated in 2009 and is headquartered in Singapore.
Stock analysis
Sea Ltd (SE) currently trades at $103.29, while our model-based Fair Value estimate is $129.32, implying the stock looks roughly 20.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $149.88 per share, and 10 of the 24 models we run sit above the $103.29 price.
Bear case: the Asset-Based group reads lowest at $14.80, and 14 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: $78.10 (bear) to $168.12 (bull), the price of $103.29 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 61/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Sea Ltd reported revenue of $22.9B in FY2025 versus $10.0B in FY2021, a compound +23.2%/yr. Reported net income was $1.6B in FY2025.
Key figures
Market cap $65.9B · P/E ratio 35.1 · P/S ratio 2.41 · EPS (TTM) $2.54 · Net margin 6.9% · Return on equity 14.9% · Return on assets (EBIT) −1.3% · Operating margin 8.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 46% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 8% fair-value upside, at 25%, SE screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 29
Revenue & earnings trend
Growth Forecast
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Recent news
- Is Sea (SE) Still Undervalued Following Its Recent Pullback?
- Sea (SE) Stock Looks Expensive Relative To Current Earnings
- Sea Limited Sponsored ADR (SE) Stock Dips While Market Gains: Key Facts
Compare Sea Ltd with another stock
Price, fair value, quality and upside side by side.
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.Internet Retail · 108 stocks
Valuation Multiplesvs Internet Retail median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Communication Services sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Communication Services
- 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 Internet Retail stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Amazon.com, Inc AMZN | $254.98 | $127.67 | −50% |
| Alibaba Group BABA | $116.31 | $69.11 | −41% |
| MercadoLibre, Inc MELI | $1,827 | $2,009 | +10% |
| DoorDash, Inc DASH | $192.21 | $207.62 | +8% |
| eBay Inc EBAY | $109.28 | $120.21 | +10% |
| JD.com, Inc JD | $27.38 | $33.32 | +22% |
| Coupang, Inc CPNG | $14.61 | $4.99 | −66% |
| Delivery Hero SE DHER | €36.95 | €12.71 | −66% |
| Wayfair Inc W | $107.35 | $36.28 | −66% |
| Maplebear Inc CART | $44.41 | $86.44 | +95% |
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Key figures of Sea Ltd
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