TISCO Financial Group Public Company Limited (TISCO) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of TISCO Financial Group Public Company Limited THB 91.95, price THB 129, upside -28.4%, quality 66 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 58.84 THB – 133.00 THB · fair‑value band 64.55 THB – 114.94 THB · the 128.50 THB price screens above the 91.95 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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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.
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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.
Stock analysis
TISCO Financial Group Public Company Limited (TISCO) currently trades at 128.50 THB, while our model-based Fair Value estimate is 91.95 THB, implying the stock looks roughly 39.7% overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of 101.80 THB per share, and 0 of the 6 models we run sit above the 128.50 THB price.
Bear case: the Asset-Based group reads lowest at 36.30 THB, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: 64.55 THB (bear) to 114.94 THB (bull), the price of 128.50 THB sits above 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 66/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
TISCO Financial Group Public Company Limited 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.
Key figures
Market cap 103B THB (≈ $3.1B) · P/E ratio 15.2 · P/S ratio 4.06 · EPS (TTM) 8.45 THB · Dividend yield 6.0% · Net margin 26.7% · Return on equity 15.0% · Return on assets (EBIT) 3.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 3% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at −28%, TISCO screens cheaper than that median.
Fair Value models
Bear 64.55 THBFair Value 91.95 THBBull 114.94 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 (0.5121 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.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.72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.0%
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.
+6.9%
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.
+2.2%
Start year 2020 (pandemic). Over 10 years: +0.7% 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.
+7.2%
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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.
+5.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.4%
Dividend (yield on the price)6.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0% vs 5%, slowing
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.34% → 43%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+5.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−2.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (Thailand: IMF forecast 1.2% a year to 2030, 1.1% from 2016 to 2025) that is about +4.6% a year for the price and −3.3% for the forecasts.
Compare TISCO Financial Group Public Company Limited with another stock
Price, fair value, quality and upside side by side.
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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.Banks - Regional · 1074 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−28% · Below median
Profitability
Return on equity (TTM)15% · Top 25%
Return on assets2% · Top 25%
Net margin (TTM)39% · Top 25%
Operating margin (TTM)49% · Above median
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)6.0% · Top 25%
Balance sheet
Debt / equity0.35× · Above median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)15.2× · Pricier than median
P/B2.37× · Priciest 25%
P/S (TTM)5.91× · Priciest 25%
P/FCF0.4× · Cheapest 25%
EV/EBITDA10.9× · Pricier than median
PEG3.26× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)11· sector 45
PAST (return on equity)60· sector 41
HEALTH (low debt)83· sector 85
DIVIDEND (yield)100· sector 53
VALUE 0: the price sits above our fair-value range.
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). "TISCO Financial Group Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/TISCO
Frequently asked questions
Is TISCO Financial Group Public Company Limited (TISCO) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 91.95 THB versus a price of 128.50 THB, about −28% upside (overvalued).
What is the fair value of TISCO?
Our model-based fair value for TISCO Financial Group Public Company Limited is 91.95 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 128.50 THB.
What is the quality score of TISCO?
TISCO Financial Group Public Company Limited has a Quality Score of 66/100. 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 TISCO Financial Group Public Company Limited (TISCO)?
Our model-based price target is the fair value of 91.95 THB (as of Sep 24, 2026) from 6 valuation models. Cautious scenario 64.55 THB, optimistic scenario 114.94 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the TISCO Financial Group Public Company Limited stock forecast for 2026?
Our models put fair value at 91.95 THB, about −28% upside versus a price of 128.50 THB (overvalued). Cautious scenario 64.55 THB, optimistic scenario 114.94 THB. The calculation is refreshed regularly with new filings.
What is the revenue of TISCO Financial Group Public Company Limited (TISCO)?
TISCO Financial Group Public Company Limited reported trailing-twelve-month revenue of about 17.4B THB (latest available figure, as of Sep 24, 2026).
Does TISCO Financial Group Public Company Limited pay a dividend?
TISCO Financial Group Public Company Limited currently shows a dividend yield of about 6.03% relative to its recent price (as of Sep 24, 2026).
What growth is priced into TISCO Financial Group Public Company Limited (TISCO)?
For today's price to be fair in a discounted-cash-flow model, TISCO Financial Group Public Company Limited would have to grow free cash flow by +5.9 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of TISCO use?
Our models discount TISCO Financial Group Public Company Limited at 10.1 %: a base by market capitalisation (mid), damped by beta 0.16, country premium for Thailand. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For TISCO Financial Group Public Company Limited that is +5.9 % per year a year over ten years, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has TISCO Financial Group Public Company Limited (TISCO) delivered so far?
Over the past 5 years revenue at TISCO Financial Group Public Company Limited grew +2.2 % a year. The price currently implies +5.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of TISCO Financial Group Public Company Limited (TISCO) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into TISCO Financial Group Public Company Limited (+5.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TISCO Financial Group Public Company Limited (TISCO)?
The free-cash-flow yield on the price is 8.13 %: that much free cash flow TISCO Financial Group Public Company Limited produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TISCO Financial Group Public Company Limited (TISCO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TISCO Financial Group Public Company Limited it is 91.95 THB per share (as of Sep 24, 2026), against a price of 128.50 THB. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is TISCO Financial Group Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TISCO trades above its calculated fair value: price 128.50 THB, fair value 91.95 THB, a gap of about −28% (overvalued). 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 TISCO?
No. The price is what the market pays today (128.50 THB); the fair value is what the company's own numbers justify (91.95 THB). For TISCO Financial Group Public Company Limited the two are 36.55 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is TISCO Financial Group Public Company Limited worth?
The market values TISCO Financial Group Public Company Limited at about 103B THB (market capitalisation, as of Sep 24, 2026). Per share that is 128.50 THB; our models calculate a fair value of 91.95 THB per share.
What do the bullish and bearish scenarios say about TISCO?
Our models span a range for TISCO Financial Group Public Company Limited: cautious scenario 64.55 THB, base 91.95 THB, optimistic 114.94 THB per share (as of Sep 24, 2026, price 128.50 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TISCO?
TISCO Financial Group Public Company Limited trades at a price-to-earnings ratio of 15.2 (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 91.95 THB is built from several models across several years. Other multiples: PEG 3.3, P/B 2.4, P/S 5.9, EV/EBITDA 10.9.
What is the PEG ratio of TISCO?
The PEG ratio of TISCO Financial Group Public Company Limited is 3.26 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of TISCO Financial Group Public Company Limited (TISCO)?
Balance-sheet figures for TISCO Financial Group Public Company Limited (as of Sep 24, 2026): return on equity 15.0%, debt of 0.35 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is TISCO from its 52-week high?
TISCO Financial Group Public Company Limited trades at 128.50 THB, about 3% below its 52-week high of 133.00 THB and 35% above the low of 95.48 THB (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 91.95 THB is for.
Which stocks are comparable to TISCO Financial Group Public Company Limited?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank 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 TISCO Financial Group Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 128.50 THB, calculated fair value 91.95 THB (−28%), Quality Score 66/100, from 6 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 TISCO calculated?
We run TISCO Financial Group Public Company Limited through 6 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 91.95 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 14.1 % above its aggregate fair value. TISCO Financial Group 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 TISCO Financial Group Public Company Limited (TISCO)?
The closing price on Sep 23, 2026 was 128.50 THB. Our model-based fair value is 91.95 THB, about −28% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TISCO Financial Group Public Company Limited right now?
The price sits above even our optimistic bull case (114.94 THB). The favourable scenario is already priced in. 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.
Where does the earnings growth of TISCO Financial Group Public Company Limited (TISCO) come from?
Earnings per share at TISCO Financial Group Public Company Limited grew +4.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +0.4 %, EBIT margin +5.5 %, tax rate +0.0 %, residual (interest, one-offs) −0.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of TISCO Financial Group Public Company Limited
How large is the market capitalisation of TISCO Financial Group Public Company Limited (TISCO)?
The market capitalisation of TISCO Financial Group Public Company Limited is 103B THB (≈ $3.1B). 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 TISCO Financial Group Public Company Limited (TISCO)?
The price-to-sales ratio of TISCO Financial Group Public Company Limited is 4.06 (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 TISCO Financial Group Public Company Limited (TISCO)?
Earnings per share at TISCO Financial Group Public Company Limited are 8.45 THB (price ÷ EPS = P/E 15.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TISCO Financial Group Public Company Limited (TISCO)?
The dividend yield of TISCO Financial Group Public Company Limited is 6.0% (payout 91.7%). 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 TISCO Financial Group Public Company Limited (TISCO)?
The net margin of TISCO Financial Group Public Company Limited is 26.7% (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 TISCO Financial Group Public Company Limited (TISCO)?
The return on equity (ROE) of TISCO Financial Group Public Company Limited is 15.0% (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 TISCO Financial Group Public Company Limited (TISCO)?
On an EBIT basis the return on assets of TISCO Financial Group Public Company Limited is 3.3% (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 TISCO Financial Group Public Company Limited (TISCO)?
The operating margin of TISCO Financial Group Public Company Limited is 49.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TISCO Financial Group Public Company Limited (TISCO)?
Revenue at TISCO Financial Group Public Company Limited is growing +2.2% versus a year earlier (3y avg +6.9%). 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 TISCO Financial Group Public Company Limited (TISCO)?
Earnings per share at TISCO Financial Group Public Company Limited are growing +5.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TISCO Financial Group Public Company Limited (TISCO) carry?
The net debt of TISCO Financial Group Public Company Limited is 21.2B THB (fiscal year 2025, ≈ 2.5 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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Broad data
Sep 24, 2026