Thai Eastern Group Holdings PCL (TEGH) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of Thai Eastern Group Holdings PCL THB 8.31, price THB 3.20, upside +159.8%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 24, 2026.
How to read this chart
48‑month range 1.96 THB – 4.93 THB · fair‑value band 5.82 THB – 10.80 THB · the 3.20 THB price screens below the 8.31 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Thai Eastern Group Holdings Public Company Limited, together with its subsidiaries, engages in the rubber, crude palm oil, renewable energy and organic waste management, and logistics businesses in Thailand and internationally.
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Thai Eastern Group Holdings Public Company Limited, together with its subsidiaries, engages in the rubber, crude palm oil, renewable energy and organic waste management, and logistics businesses in Thailand and internationally. It produces and trades in concentrated latex, block rubber, and palm seed oil products; and crude palm oil that is used in consumer products, and animal feed industries, as well as raw materials to produce biodiesel. The company is also involved in the treatment of wastewater; production of biogas; and operates transports raw materials. The company was founded in 1991 and is headquartered in Chonburi, Thailand.
Stock analysis
Thai Eastern Group Holdings PCL (TEGH) currently trades at 3.20 THB, while our model-based Fair Value estimate is 8.31 THB, implying the stock looks roughly 61.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 17.47 THB per share, and 23 of the 26 models we run sit above the 3.20 THB price.
Bear case: the Dividend Discount group reads lowest at 2.32 THB, and 3 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 5.82 THB (bear) to 10.80 THB (bull), the price of 3.20 THB sits below 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 64/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Thai Eastern Group Holdings PCL reported revenue of 20.0B THB in FY2025 versus 11.1B THB in FY2021, a compound +15.9%/yr. Reported net income was 533M THB in FY2025, compounding −1.3%/yr from FY2021.
Key figures
Market cap 3.5B THB (≈ $103M) · P/E ratio 8.0 · P/S ratio 0.21 · EPS (TTM) 0.4000 THB · Dividend yield 6.9% · Net margin 2.7% · Return on equity 11.3% · Return on assets (EBIT) 8.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (medium confidence).
What moves the price
The share trades about 6% below its 52-week high and 20% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at 160%, TEGH screens cheaper than that median.
Fair Value models
Bear 5.82 THBFair Value 8.31 THBBull 10.80 THB
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1341 THB per share) are deliberately not added.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.
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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+18.6%
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.
+9.1%
Revenue growth 5 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.
+19.5%
Start year 2020 (pandemic)
Revenue growth 7 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.
+12.9%
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What shareholders gained per year (last 5 years), in THB ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in THB: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+65.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+58.9%
Dividend (yield on the price)6.9%
Profit margin 2020 to 2025 ⓘ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.2% → 3%
Compare Thai Eastern Group Holdings PCL with another stock
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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.Specialty Chemicals · 707 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+159.8% · Top 25%
Profitability
Return on equity (TTM)11.3% · Above median
Return on assets3.3% · Above median
Net margin (TTM)2.3% · Below median
Operating margin (TTM)2.8% · Below median
Growth and dividend
Revenue growth−22.4% · Bottom 25%
Dividend yield (TTM)6.9% · Top 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Thai Eastern Group Holdings PCL Fair Value". https://www.fairvalue-calculator.com/stock/TEGH
Frequently asked questions
Is Thai Eastern Group Holdings PCL (TEGH) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 8.31 THB versus a price of 3.20 THB, about +160% upside (undervalued).
What is the fair value of TEGH?
Our model-based fair value for Thai Eastern Group Holdings PCL is 8.31 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 3.20 THB.
What is the quality score of TEGH?
Thai Eastern Group Holdings PCL has a Quality Score of 64/100. 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 Thai Eastern Group Holdings PCL (TEGH)?
Our model-based price target is the fair value of 8.31 THB (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 5.82 THB, optimistic scenario 10.80 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Thai Eastern Group Holdings PCL stock forecast for 2026?
Our models put fair value at 8.31 THB, about +160% upside versus a price of 3.20 THB (undervalued). Cautious scenario 5.82 THB, optimistic scenario 10.80 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Thai Eastern Group Holdings PCL (TEGH)?
Thai Eastern Group Holdings PCL reported trailing-twelve-month revenue of about 18.8B THB (latest available figure, as of Sep 24, 2026).
Does Thai Eastern Group Holdings PCL pay a dividend?
Thai Eastern Group Holdings PCL currently shows a dividend yield of about 6.88% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Thai Eastern Group Holdings PCL (TEGH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Thai Eastern Group Holdings PCL it is 8.31 THB per share (as of Sep 24, 2026), against a price of 3.20 THB. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Thai Eastern Group Holdings PCL stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TEGH trades below its calculated fair value: price 3.20 THB, fair value 8.31 THB, a gap of about +160% (undervalued). 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 TEGH?
No. The price is what the market pays today (3.20 THB); the fair value is what the company's own numbers justify (8.31 THB). For Thai Eastern Group Holdings PCL the two are 5.11 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Thai Eastern Group Holdings PCL worth?
The market values Thai Eastern Group Holdings PCL at about 3.5B THB (market capitalisation, as of Sep 24, 2026). Per share that is 3.20 THB; our models calculate a fair value of 8.31 THB per share.
What do the bullish and bearish scenarios say about TEGH?
Our models span a range for Thai Eastern Group Holdings PCL: cautious scenario 5.82 THB, base 8.31 THB, optimistic 10.80 THB per share (as of Sep 24, 2026, price 3.20 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TEGH?
Thai Eastern Group Holdings PCL trades at a price-to-earnings ratio of 8.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 8.31 THB is built from several models across several years. Other multiples: P/B 0.9, P/S 0.2, EV/EBITDA 4.6.
How solid is the balance sheet of Thai Eastern Group Holdings PCL (TEGH)?
Balance-sheet figures for Thai Eastern Group Holdings PCL (as of Sep 24, 2026): return on equity 11.3%, debt of 0.12 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is TEGH from its 52-week high?
Thai Eastern Group Holdings PCL trades at 3.20 THB, about 6% below its 52-week high of 3.42 THB and 20% above the low of 2.66 THB (as of Sep 29, 2026). Distance from the high says nothing about value: that is what the fair value of 8.31 THB is for.
Which stocks are comparable to Thai Eastern Group Holdings PCL?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, 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 Thai Eastern Group Holdings PCL stock attractive at the current price?
The data as of Sep 24, 2026: price 3.20 THB, calculated fair value 8.31 THB (+160%), Quality Score 64/100, from 26 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 TEGH calculated?
We run Thai Eastern Group Holdings PCL through 26 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 8.31 THB, 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 14.9 % above its aggregate fair value. Thai Eastern Group Holdings PCL currently trades 62 % below its own fair value, and the market average says nothing about that. 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 Thai Eastern Group Holdings PCL (TEGH)?
The closing price on Sep 29, 2026 was 3.20 THB. Our model-based fair value is 8.31 THB, about +160% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Thai Eastern Group Holdings PCL right now?
The price is below even our cautious bear case (5.82 THB). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (5.82 THB to 10.80 THB) leaves room in how you read the outcome.
Key figures of Thai Eastern Group Holdings PCL
How large is the market capitalisation of Thai Eastern Group Holdings PCL (TEGH)?
The market capitalisation of Thai Eastern Group Holdings PCL is 3.5B THB (≈ $103M). 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 Thai Eastern Group Holdings PCL (TEGH)?
The price-to-sales ratio of Thai Eastern Group Holdings PCL is 0.21 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Thai Eastern Group Holdings PCL (TEGH)?
Earnings per share at Thai Eastern Group Holdings PCL are 0.4000 THB (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Thai Eastern Group Holdings PCL (TEGH)?
The dividend yield of Thai Eastern Group Holdings PCL is 6.9% (payout 55.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Thai Eastern Group Holdings PCL (TEGH)?
The net margin of Thai Eastern Group Holdings PCL is 2.7% (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 Thai Eastern Group Holdings PCL (TEGH)?
The return on equity (ROE) of Thai Eastern Group Holdings PCL is 11.3% (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 Thai Eastern Group Holdings PCL (TEGH)?
On an EBIT basis the return on assets of Thai Eastern Group Holdings PCL is 8.0% (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 Thai Eastern Group Holdings PCL (TEGH)?
The operating margin of Thai Eastern Group Holdings PCL is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Thai Eastern Group Holdings PCL (TEGH)?
Revenue at Thai Eastern Group Holdings PCL is growing −22.4% versus a year earlier (3y avg +9.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Thai Eastern Group Holdings PCL (TEGH)?
Earnings per share at Thai Eastern Group Holdings PCL are growing −54.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Thai Eastern Group Holdings PCL (TEGH) generate?
The free cash flow of Thai Eastern Group Holdings PCL is 1.8B THB (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Thai Eastern Group Holdings PCL (TEGH) carry?
The net debt of Thai Eastern Group Holdings PCL is 3.6B THB (fiscal year 2025, ≈ 2.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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