TISCO Financial Group (TISCO) Fair Value & Analysis

Financial Services · TH · Market cap 103B THB

A solid business, but screening 16% overvalued on our models.

What matters now

• Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 57.22 THB – 133.00 THB · fair‑value band 81.09 THB – 135.16 THB · the 129.00 THB price screens above the 108.13 THB fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

TISCO Financial Group (TISCO) currently trades at 129.00 THB, while our model-based Fair Value estimate is 108.13 THB, implying the stock looks roughly 16.2% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Financial Services 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, TISCO Financial Group generated revenue of 17.4B THB at a net margin of 38.8%. Revenue grew 2.2% year over year. It earns a return on equity of 15.0%. Net debt stands at 21.2B THB. Fundamentals as of Jul 18, 2026

Our scenario range runs from 81.09 THB (bear case) to 135.16 THB (bull case); at 129.00 THB, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 44% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -16%, TISCO screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Dividend Discount (108.24 THB) versus Asset-Based (36.30 THB). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

TISCO Financial Group Public Company Limited, together with its subsidiaries, provides commercial banking products and services for individuals and businesses in Thailand. The company operates through four segments: Commercial Banking Business, Securities Business, Asset Management Business, and Support Business.

Full company description

TISCO Financial Group Public Company Limited, together with its subsidiaries, provides commercial banking products and services for individuals and businesses in Thailand. The company operates through four segments: Commercial Banking Business, Securities Business, Asset Management Business, and Support Business. It accepts deposit products, such as special and standard current accounts, savings accounts, and term and recurring deposit products. The company also provides personal loans, such as home loan, new and used car loans, and loans against inheritance pension, and refinance home loans; and corporate loans, including project and long-term loans, short term loans, and guarantee products. In addition, it offers investment services, such as brokerage services, derivative brokerage, provident funds, and mutual funds, as well as global trade services; and insurance products comprising life, health and critical illness, personal accident, car, lifestyle, and home insurance. Further, the company provides investment banking services, including financial advisory services for merger and acquisition, company valuation, tender offer, and financial advisory and underwriting service for the initial public offering, privatization advisory and implementation, project financing, debt restructuring, feasibility study, project valuation, and general advisory services; and cash management, private banking, and wealth and asset management services. Additionally, it offers promptpay, atm card, alert, bill payment, cross-bank bill payment, assets for sale, car auction, and hire purchase services. TISCO Financial Group Public Company Limited was founded in 1969 and is based in Bangkok, Thailand.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TISCO Financial Group reported revenue of 24.9B THB in FY2025 versus 21.1B THB in FY2021, a compound +4.2%/yr. Reported net income was 6.7B THB in FY2025, compounding −0.5%/yr from FY2021.

TISCO screens 16% overvalued. Compare with PT Bank Central Asia Tbk →

Peer Group

Banks - Regional · 1083 stocks

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.

Valuation Multiples vs Banks - Regional median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.