Thai-German Products Public Company Limited (TGPRO) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Thai-German Products Public Company Limited THB 0.03, price THB 0.03, upside -3.3%, quality 42 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
60‑month range 0.0200 THB – 0.4700 THB · fair‑value band 0.0272 THB – 0.0333 THB · the 0.0300 THB price screens above the 0.0290 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Thai-German Products Public Company Limited engages in the manufacture and sale of stainless steel pipes, sheets, axles, and equipment in Thailand. It operates through four segments: Stainless Sales and Service; Stereo Sales; Agriculture Selling, and Food Sales Segment.
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Thai-German Products Public Company Limited engages in the manufacture and sale of stainless steel pipes, sheets, axles, and equipment in Thailand. It operates through four segments: Stainless Sales and Service; Stereo Sales; Agriculture Selling, and Food Sales Segment. The company offers stainless shafts and stainless fittings; ornamental tubes; industrial stainless-steel pipes for water pipelines, water treatment plants, chemical pipelines, large equipment structures, starch industry, pulp and paper mills, oil and gas, chemical, the petrochemical industries, etc.; sanitary tubes for food, beverage, and pharmaceutical industries; heat exchanger/ boiler tubes for sugar, ice, power plant, and condenser industries; and stainless steel sheets for applications in indoor and outdoor decoration, furniture, kitchenware, refrigerator, etc., as well as sells food; and operates coffee and bakery shops, and steakhouse restaurants. It also offers services, such as coil slitting, coil polishing, and sheet cutting for automotive, cold storage, kitchenware, etc.; quality checking for stainless-steel using spectrometer; and inspection testing services, including flanttening, flaring, flange, hydrostastic, and pneumatic tests. In addition, the company engages in the sale of stereo equipment, telephone equipment, and spare parts; sale and rent of plant green house; and agricultural products, such as vegetables and seeds. It also exports its products. The company was incorporated in 1973 and is headquartered in Rayong, Thailand.
Stock analysis
Thai-German Products Public Company Limited (TGPRO) currently trades at 0.0300 THB, while our model-based Fair Value estimate is 0.0290 THB, implying the stock looks roughly 3.4% fairly valued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: 0.0272 THB (bear) to 0.0333 THB (bull), the price of 0.0300 THB 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 42/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Thai-German Products Public Company Limited reported revenue of 1.4B THB in FY2025 versus 1.8B THB in FY2021, a compound −6.3%/yr. Reported net income was −146M THB in FY2025.
Key figures
Market cap 142M THB (≈ $4.2M) · P/S ratio 0.10 · EPS (TTM) −0.0300 THB · Net margin −10.7% · Return on equity −8.8% · Return on assets (EBIT) −2.4% · Operating margin −4.1% · Revenue (TTM) 1.4B THB.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 57% below its 52-week high and 50% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −3%, TGPRO screens cheaper than that median.
Fair Value models
Bear 0.0272 THBFair Value 0.0290 THBBull 0.0333 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.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.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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−6.4%
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.
−10.0%
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.
−2.8%
Start year 2020 (pandemic). Over 10 years: −0.3% a year
Revenue growth 25 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.
+2.1%
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Profit margin (trend) ⓘ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.
−1.0% (2020) → −8.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Thai-German Products Public Company Limited 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.Steel · 417 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside−3% · Above median
Profitability
Return on assets−3% · Bottom 25%
Net margin (TTM)−10% · Bottom 25%
Operating margin (TTM)−4% · Bottom 25%
Growth and dividend
Revenue growth19% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Steel 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-German Products Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/TGPRO
Frequently asked questions
Is Thai-German Products Public Company Limited (TGPRO) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.0290 THB versus a price of 0.0300 THB, about −3% upside (fairly valued).
What is the fair value of TGPRO?
Our model-based fair value for Thai-German Products Public Company Limited is 0.0290 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.0300 THB.
What is the quality score of TGPRO?
Thai-German Products Public Company Limited has a Quality Score of 42/100. 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-German Products Public Company Limited (TGPRO)?
Our model-based price target is the fair value of 0.0290 THB (as of Sep 24, 2026) from 1 valuation models. Cautious scenario 0.0272 THB, optimistic scenario 0.0333 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Thai-German Products Public Company Limited stock forecast for 2026?
Our models put fair value at 0.0290 THB, about −3% upside versus a price of 0.0300 THB (fairly valued). Cautious scenario 0.0272 THB, optimistic scenario 0.0333 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Thai-German Products Public Company Limited (TGPRO)?
Thai-German Products Public Company Limited reported trailing-twelve-month revenue of about 1.4B THB (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Thai-German Products Public Company Limited (TGPRO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Thai-German Products Public Company Limited it is 0.0290 THB per share (as of Sep 24, 2026), against a price of 0.0300 THB. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Thai-German Products Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TGPRO trades above its calculated fair value: price 0.0300 THB, fair value 0.0290 THB, a gap of about −3% (fairly valued). 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 TGPRO?
No. The price is what the market pays today (0.0300 THB); the fair value is what the company's own numbers justify (0.0290 THB). For Thai-German Products Public Company Limited the two are 0.0010 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Thai-German Products Public Company Limited worth?
The market values Thai-German Products Public Company Limited at about 142M THB (market capitalisation, as of Sep 24, 2026). Per share that is 0.0300 THB; our models calculate a fair value of 0.0290 THB per share.
What do the bullish and bearish scenarios say about TGPRO?
Our models span a range for Thai-German Products Public Company Limited: cautious scenario 0.0272 THB, base 0.0290 THB, optimistic 0.0333 THB per share (as of Sep 24, 2026, price 0.0300 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of TGPRO?
The PEG ratio of Thai-German Products Public Company Limited is 0.17 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Thai-German Products Public Company Limited (TGPRO)?
Balance-sheet figures for Thai-German Products Public Company Limited (as of Sep 24, 2026): return on equity −8.8%, debt of 0.04 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is TGPRO from its 52-week high?
Thai-German Products Public Company Limited trades at 0.0300 THB, about 57% below its 52-week high of 0.0700 THB and 50% above the low of 0.0200 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0290 THB is for.
Which stocks are comparable to Thai-German Products Public Company Limited?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata Steel Limited, 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-German Products Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 0.0300 THB, calculated fair value 0.0290 THB (−3%), Quality Score 42/100, from 1 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 TGPRO calculated?
We run Thai-German Products Public Company Limited through 1 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 0.0290 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 13.0 % above its aggregate fair value. Thai-German Products Public Company Limited itself currently trades above fair value. 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-German Products Public Company Limited (TGPRO)?
The closing price on Sep 24, 2026 was 0.0300 THB. Our model-based fair value is 0.0290 THB, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Thai-German Products Public Company Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Thai-German Products Public Company Limited
How large is the market capitalisation of Thai-German Products Public Company Limited (TGPRO)?
The market capitalisation of Thai-German Products Public Company Limited is 142M THB (≈ $4.2M). 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-German Products Public Company Limited (TGPRO)?
The price-to-sales ratio of Thai-German Products Public Company Limited is 0.10 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Thai-German Products Public Company Limited (TGPRO)?
Earnings per share at Thai-German Products Public Company Limited are −0.0300 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Thai-German Products Public Company Limited (TGPRO)?
The net margin of Thai-German Products Public Company Limited is −10.7% (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-German Products Public Company Limited (TGPRO)?
The return on equity (ROE) of Thai-German Products Public Company Limited is −8.8% (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-German Products Public Company Limited (TGPRO)?
On an EBIT basis the return on assets of Thai-German Products Public Company Limited is −2.4% (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-German Products Public Company Limited (TGPRO)?
The operating margin of Thai-German Products Public Company Limited is −4.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Thai-German Products Public Company Limited (TGPRO)?
Revenue at Thai-German Products Public Company Limited is growing +19.2% versus a year earlier (3y avg −10.0%). 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-German Products Public Company Limited (TGPRO)?
Earnings per share at Thai-German Products Public Company Limited are growing −20.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Thai-German Products Public Company Limited (TGPRO) generate?
The free cash flow of Thai-German Products Public Company Limited is −68.4M 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-German Products Public Company Limited (TGPRO) carry?
The net debt of Thai-German Products Public Company Limited is 660M THB (fiscal year 2025). 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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