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Thai Group (TGH) Fair Value & Analysis

Financial Services · TH · Market cap 8.0B THB

TG Thai Group TGH · BK
Price10.60 THB
Fair Value18.53 THB
Upside+74.8%
Quality95/100
Evidence: High Range 13.90 THB – 23.16 THB

Fair value as of: Jun 26, 2026

From 22 valuation models · updated 3 days ago

Share price −1.9% over the past month.

Price vs Fair Value (12 months)

15.26 THB 9.81 THB Fair Value 18.53 THB Aug 2024 Jun 2026

12‑month range 9.81 THB – 15.26 THB · fair‑value band 13.90 THB – 23.16 THB · the 10.60 THB price screens below the 18.53 THB fair value. As of Jun 26, 2026.

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Analysis

Thai Group (TGH) currently trades at 10.60 THB, while our model-based Fair Value estimate is 18.53 THB — implying the stock looks roughly 74.8% undervalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Thai Group generated revenue of 13.0B THB at a net margin of 9.5%. Revenue grew 16.6% year over year. It earns a return on equity of 12.3%. Net debt stands at 14.6B THB. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 13.0B THB
Revenue growth (YoY) +16.6%
Net margin 9.5%
Return on equity 12.3%
Free cash flow 632M THB FY2025
P/E ratio 6.5
More key figures
Operating margin 18.0%
EPS (TTM) 1.64 THB
Dividend yield 0.9%
EPS growth (YoY) +170%
Net debt 14.6B THB FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Thai Group Holdings Public Company Limited, through its subsidiaries, engages in the life insurance, non-life insurance, financial services, and other businesses in Thailand. The company is involved in the underwriting of life assurance; underwriting of non-life, personal accident, and health insurance; leasing and hire purchase services; and lending and selling of secondhand cars. It is also involved in the rental and development of real estate; management and consultant, investing consultant, and consultant and training services, as well as provision of consultation of management; telephone customer services; operation of outsources surveyors; provision of loan services for businesses and individuals; leasing and lending businesses; and life and non-life insurance brokerage and support services. The company was incorporated in 2018 and is headquartered in Bangkok, Thailand. Thai Group Holdings Public Company Limited is a subsidiary of Mongkolsiri Company Limited.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Thai Group reported revenue of 12.9B THB in FY2025 versus 24.3B THB in FY2021, a compound −14.6%/yr. Reported net income was 1.1B THB in FY2025.

Revenue −14.6%/yr
FY21 24.3B THB
FY22 18.0B THB
FY23 15.7B THB
FY24 15.3B THB
FY25 12.9B THB
Net income
FY21 −3.3B THB
FY22 1.5B THB
FY23 55.3M THB
FY24 385M THB
FY25 1.1B THB

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Similar stocks

6 more Insurance - Diversified stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
Berkshire Hathaway Inc BRK C$35.75 C$29.27 -18%
Allianz SE ALIZY $46.31 $51.76 +12%
Zurich Insurance Group ZURVY $36.15 $29.58 -18%
AXA SA AXAHY $48.48 $66.69 +38%
Assicurazioni Generali S.p.A ARZGY $24.04 $19.38 -19%
Sun Life Financial Inc SLF $77.26 $61.63 -20%

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Frequently asked questions

Is Thai Group (TGH) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 18.53 THB versus a price of 10.60 THB — about +75% (undervalued). Model-based estimate, not financial advice.
What is the fair value of TGH?
Our 21-model fair value for Thai Group is 18.53 THB (as of Jun 26, 2026), built from audited fundamentals. The current price is 10.60 THB.
What is the quality score of TGH?
Thai Group has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Thai Group (TGH)?
Thai Group reported trailing-twelve-month revenue of about 13.0B THB (latest available figure, as of Jun 26, 2026).
What is the net profit margin of TGH?
The net profit margin of Thai Group is about 9.5%, meaning it keeps roughly 9.5% of revenue as net income. Based on the latest reported figures.
Does Thai Group pay a dividend?
Thai Group currently shows a dividend yield of about 0.94% relative to its recent price (as of Jun 26, 2026).

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.