Thai Beverage Public Company (TBVPF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Thai Beverage Public Company $0.53, price $0.33, upside +59.2%, quality 51 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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Thai Beverage Public Company
TBVPF · USClearly undervaluedStrong Fair Value upside, but quality is only moderate.
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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 $0.2534 – $0.5109 · fair‑value band $0.2700 – $0.7700 · the $0.3330 price screens below the $0.5300 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Company profile
Thai Beverage Public Company Limited, together with its subsidiaries, produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand, Vietnam, Malaysia, Myanmar, Singapore, and internationally. It operates through Spirits, Beer, Non-Alcoholic Beverages, Food, and Others segments.
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Thai Beverage Public Company Limited, together with its subsidiaries, produces and distributes alcoholic and non-alcoholic beverages, and food products in Thailand, Vietnam, Malaysia, Myanmar, Singapore, and internationally. It operates through Spirits, Beer, Non-Alcoholic Beverages, Food, and Others segments. The company offers beer; malt and yeast; spirits; mineral, drinking, and soda water; coffee, energy drinks, tea, fruit flavored drinks, and dairy products; canned food; ice cream; rice cakes/cubes, cooking needs, instant dessert powders, pre-mix beverages, and bread spreads; and soft drinks, electrolyte drinks, isotonic, milk, soya, juices, and confectioneries. It also provides chilled and frozen food; beer concentrates; mechanical equipment; bricks and oak barrels; biogas; transportation by car; franchising; plastic packaging; investment and asset management; accounting; human resources and organization development; advertising and marketing; logistics; recycling; warehousing and storage; printing; education training; general and brands management; marketing management consulting; marketing research; treasury and financial; consultancy; public cold storage; machine repair; technical application; and digital and technology services. In addition, the company is involved in the publishing of trade directory, business information, education, library reference, and trade books; trading of molasses, fertilizers, feeds, bottles, procurement and supplies; production of plastic packaging; property investment, development, management, and rental; manufacture and installation of food manufacturing equipment; wholesale and retail of food, beverage, and tobacco; and operation of japanese restaurants, bakeries, and vending machines. Further, it engages in trademark holding; e-commerce; book and magazine distribution; and retail of books, stationery, magazines, and periodicals. Thai Beverage Public Company Limited was incorporated in 2003 and is based in Bangkok, Thailand.
Stock analysis
Thai Beverage Public Company (TBVPF) currently trades at $0.3330, while our model-based Fair Value estimate is $0.5300, implying the stock looks roughly 37.2% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $0.5500 per share, and 17 of the 26 models we run sit above the $0.3330 price.
Bear case: the Asset-Based group reads lowest at $0.1100, and 9 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.2700 (bear) to $0.7700 (bull), the price of $0.3330 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 51/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Thai Beverage Public Company reported revenue of 333B THB in FY2025 versus 241B THB in FY2021, a compound +8.5%/yr. Reported net income was 25.4B THB in FY2025, compounding +0.7%/yr from FY2021.
Key figures
Market cap $8.4B · P/E ratio 11.0 · P/S ratio 0.84 · EPS (TTM) $0.0300 · Dividend yield 5.7% · Net margin 7.6% · Return on equity 14.3% · Return on assets (EBIT) 7.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at 59%, TBVPF screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 38
Revenue & earnings trend
Growth Forecast
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Compare Thai Beverage Public Company 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.Beverages - Wineries & Distilleries · 92 stocks
Valuation Multiplesvs Beverages - Wineries & Distilleries median · lower = cheaper
Context: sector, industry, market
- Is the Consumer Staples sector expensive or cheap?
- 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 Beverages - Wineries & Distilleries stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Kweichow Moutai Co 600519 | ¥1,237 | ¥1,653 | +34% |
| Wuliangye Yibin Co 000858 | ¥69.67 | ¥76.64 | +10% |
| Shanxi Xinghuacun Fen Wine Factory Co 600809 | ¥111.18 | ¥209.69 | +89% |
| Pernod Ricard SA RI | €59.00 | €56.69 | −4% |
| Luzhou Laojiao Co 000568 | ¥70.65 | ¥149.17 | +111% |
| Jiangsu Yanghe Distillery Co 002304 | ¥37.47 | ¥24.22 | −35% |
| Radico Khaitan Limited RADICO | ₹4,557 | ₹947.39 | −79% |
| Jiangsu King's Luck Brewery Joint-Stock Co 603369 | ¥26.92 | ¥38.66 | +44% |
| Anhui Yingjia Distillery Co 603198 | ¥37.20 | ¥30.27 | −19% |
| Endeavour Group EDV | A$2.99 | A$1.37 | −54% |
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Key figures of Thai Beverage Public Company
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