TBN Corporation (TBN) Fair Value & Analysis
Technology · TH · Market cap 360M THB
Fair value as of: Jun 24, 2026
From 26 valuation models · updated 5 days ago
Fair value updated Jun 24, 2026 — revised from 3.74 THB to 3.35 THB (−10.4%) since Jun 23, 2026. Share price −1.1% over the past month.
Price vs Fair Value (12 months)
12‑month range 3.46 THB – 5.42 THB · fair‑value band 2.81 THB – 3.87 THB · the 3.62 THB price screens above the 3.35 THB fair value. As of Jun 24, 2026.
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TBN Corporation (TBN) currently trades at 3.62 THB, while our model-based Fair Value estimate is 3.35 THB — implying the stock looks roughly 7.5% overvalued today. We read business quality at 95/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, TBN Corporation generated revenue of 365M THB at a net margin of 1.4%. Revenue declined 10.9% year over year. It earns a return on equity of 1.0%. The balance sheet holds a net cash position of 128M THB. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
TBN Corporation Public Company Limited engages in the sales and development of software in Thailand. The company provides low-code solutions to various blue-chip and multinational corporations. It also offers Mendix low-code platform, a software development technology. In addition, the company is involved in consultation on software development. TBN Corporation Public Company Limited was founded in 2008 and is based in Bangkok, Thailand.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
TBN Corporation reported revenue of 376M THB in FY2025 versus 291M THB in FY2021, a compound +6.6%/yr. Reported net income was 19.8M THB in FY2025, compounding −29.1%/yr from FY2021.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.