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VGI Public Company Limited (VGI) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of VGI Public Company Limited THB 0.14, price THB 0.97, upside -86.0%, quality 29 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Industrials · TH · ISIN TH3740010Y09

VP Thin data Sep 24, 2026

VGI Public Company Limited

VGI · BK

Weakest SetupStrongly overvalued and low quality.

!Fair value 0.1360 THB · Strongly overvalued (−86%)
!Quality 29/100
!Weak Growth (revenue 5y +14.9 %/yr)
!Loss-making · -22.9% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (3/11)
!Narrow moat 9/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 24 out of 100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

6.65 THB 0.7800 THB Fair Value 0.1360 THB Apr 2021 Sep 2026

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 0.7800 THB – 6.65 THB · fair‑value band 0.0765 THB – 0.1785 THB · the 0.9700 THB price screens above the 0.1360 THB fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

VGI Public Company Limited, together with its subsidiaries, provides advertising services in Thailand. It operates through four segments: Transportation System, Digital Services, Distribution, and Other.

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VGI Public Company Limited, together with its subsidiaries, provides advertising services in Thailand. It operates through four segments: Transportation System, Digital Services, Distribution, and Other. The company offers offline advertising services in BTS trains, stations, and junctions; LCD screens, office buildings, and condominium residents; and events. It also provides online advertising services, including data targeting and network, media planning, artwork adaptation, and optimization and reporting; data management; and electronic payment and other financial services, such as stored valued cards, insurance brokerage, and digital lending services. In addition, the company manages and distributes technology equipment under the Fanslink and Jaymart brand names. Further, it is involved in securities investing; management consulting; public relations services; retail business; leasing of retail and commercial spaces; and production and distribution of printed materials. The company was formerly known as VGI Global Media Public Company Limited and changed its name to VGI Public Company Limited in July 2019. VGI Public Company Limited was founded in 1995 and is based in Bangkok, Thailand.

Stock analysis

VGI Public Company Limited (VGI) currently trades at 0.9700 THB, while our model-based Fair Value estimate is 0.1360 THB, implying the stock looks roughly 613.3% overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of 1.11 THB per share, and 1 of the 3 models we run sit above the 0.9700 THB price.

Bear case: the Dividend Discount group reads lowest at 0.1500 THB, and 2 of the 3 models stay below the price. Evidence for this calculation is low.

Scenario range: 0.0765 THB (bear) to 0.1785 THB (bull), the price of 0.9700 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 29/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

VGI Public Company Limited reported revenue of 4.3B THB in FY2026 versus 3.8B THB in FY2022, a compound +3.2%/yr. Reported net income was −1.1B THB in FY2026.

Key figures

Market cap 20.5B THB (≈ $614M) · P/S ratio 4.68 · EPS (TTM) −0.0500 THB · Dividend yield 1.2% · Net margin −24.5% · Return on equity −3.6% · Return on assets (EBIT) −2.5% · Operating margin −22.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 43% below its 52-week high and 24% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at 16% fair-value upside, at −86%, VGI screens richer than that median.

Fair Value models

Bear 0.0765 THB Fair Value 0.1360 THB Bull 0.1785 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.
Highest evidence
Gordon GGM 0.1000 THB 0.1700 THB 0.2400 THB 68
DDM Multi-Stage 0.1000 THB 0.1500 THB 0.1800 THB 67
NCAV (Graham) 0.8300 THB 1.11 THB 1.66 THB 54
All 3 models by family
Dividend Discount
Gordon GGM 0.1000 THB 0.1700 THB 0.2400 THB 68
DDM Multi-Stage 0.1000 THB 0.1500 THB 0.1800 THB 67
Asset-Based
NCAV (Graham) 0.8300 THB 1.11 THB 1.66 THB 54

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Quality Score breakdown

Overall quality 29/100

Of which business quality 32 · Market factors (momentum, volatility) 32

Profitability 4
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 38/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−11.6%
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.
−2.2%
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.
+14.9%
Start year 2021 (pandemic). Over 10 years: +7.5% a year
Revenue growth 16 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.
+8.9%
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.
35.7% (2021) → −21.3% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

VGI screens 613% overvalued. Compare with 3M Company →

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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.Conglomerates · 378 stocks

Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 29 · Bottom 25%
Fair Value upside −86% · Bottom 25%
Profitability
Return on assets −1% · Bottom 25%
Net margin (TTM) −23% · Bottom 25%
Operating margin (TTM) −22% · Bottom 25%
Growth and dividend
Revenue growth −9% · Bottom 25%
Dividend yield (TTM) 1.2% · Below median
Balance sheet
Debt / equity 0.00× · Lowest 25%

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/S (TTM) 0.14× · Cheapest 25%
PEG 1.14× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 33
FUTURE (revenue growth)0 · sector 16
PAST (return on equity)0 · sector 19
HEALTH (low debt)100 · sector 89
DIVIDEND (yield)24 · sector 40

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

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

None of the checked exposures detected

Similar stocks

10 more Conglomerates stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
3M Company MMM $169.30 $71.86 −58%
Honeywell International Inc HON $211.85 $243.57 +15%
CITIC Limited 0267 HK$13.08 HK$26.16 +100%
Poste Italiane S.p.A PST €25.61 €7.65 −70%
Swire Pacific Limited 0019 HK$102.80 HK$28.34 −72%
CK Hutchison Holdings 0001 HK$67.60 HK$135.20 +100%
SK Inc 034730 611,000 KRW 351,594 KRW −42%
Jardine Matheson Holdings J36 $57.30 $79.11 +38%
Kingboard Holdings 0148 HK$55.55 HK$85.25 +53%
SGH Limited SGH A$36.69 A$42.47 +16%

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Cite: Fair Value Calculator (2026). "VGI Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/VGI

Frequently asked questions

Is VGI Public Company Limited (VGI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.1360 THB versus a price of 0.9700 THB, about −86% upside (overvalued).
What is the fair value of VGI?
Our model-based fair value for VGI Public Company Limited is 0.1360 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 0.9700 THB.
What is the quality score of VGI?
VGI Public Company Limited has a Quality Score of 29/100. 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 VGI Public Company Limited (VGI)?
Our model-based price target is the fair value of 0.1360 THB (as of Sep 24, 2026) from 3 valuation models. Cautious scenario 0.0765 THB, optimistic scenario 0.1785 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the VGI Public Company Limited stock forecast for 2026?
Our models put fair value at 0.1360 THB, about −86% upside versus a price of 0.9700 THB (overvalued). Cautious scenario 0.0765 THB, optimistic scenario 0.1785 THB. The calculation is refreshed regularly with new filings.
What is the revenue of VGI Public Company Limited (VGI)?
VGI Public Company Limited reported trailing-twelve-month revenue of about 4.6B THB (latest available figure, as of Sep 24, 2026).
Does VGI Public Company Limited pay a dividend?
VGI Public Company Limited currently shows a dividend yield of about 1.20% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of VGI Public Company Limited (VGI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For VGI Public Company Limited it is 0.1360 THB per share (as of Sep 24, 2026), against a price of 0.9700 THB. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is VGI Public Company Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, VGI trades above its calculated fair value: price 0.9700 THB, fair value 0.1360 THB, a gap of about −86% (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 VGI?
No. The price is what the market pays today (0.9700 THB); the fair value is what the company's own numbers justify (0.1360 THB). For VGI Public Company Limited the two are 0.8340 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is VGI Public Company Limited worth?
The market values VGI Public Company Limited at about 20.5B THB (market capitalisation, as of Sep 24, 2026). Per share that is 0.9700 THB; our models calculate a fair value of 0.1360 THB per share.
What do the bullish and bearish scenarios say about VGI?
Our models span a range for VGI Public Company Limited: cautious scenario 0.0765 THB, base 0.1360 THB, optimistic 0.1785 THB per share (as of Sep 24, 2026, price 0.9700 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of VGI?
The PEG ratio of VGI Public Company Limited is 1.14 (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 VGI Public Company Limited (VGI)?
Balance-sheet figures for VGI Public Company Limited (as of Sep 24, 2026): return on equity −3.6%, debt of 0.00 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is VGI from its 52-week high?
VGI Public Company Limited trades at 0.9700 THB, about 43% below its 52-week high of 1.70 THB and 24% above the low of 0.7800 THB (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.1360 THB is for.
Which stocks are comparable to VGI Public Company Limited?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Poste Italiane S.p.A, 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 VGI Public Company Limited stock attractive at the current price?
The data as of Sep 24, 2026: price 0.9700 THB, calculated fair value 0.1360 THB (−86%), Quality Score 29/100, from 3 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 VGI calculated?
We run VGI Public Company Limited through 3 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 0.1360 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 13.2 % above its aggregate fair value. VGI 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 VGI Public Company Limited (VGI)?
The closing price on Sep 24, 2026 was 0.9700 THB. Our model-based fair value is 0.1360 THB, about −86% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with VGI Public Company Limited right now?
The price sits above even our optimistic bull case (0.1785 THB). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (0.0765 THB to 0.1785 THB) leaves room in how you read the outcome.

Key figures of VGI Public Company Limited

How large is the market capitalisation of VGI Public Company Limited (VGI)?
The market capitalisation of VGI Public Company Limited is 20.5B THB (≈ $614M). 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 VGI Public Company Limited (VGI)?
The price-to-sales ratio of VGI Public Company Limited is 4.68 (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 VGI Public Company Limited (VGI)?
Earnings per share at VGI Public Company Limited are −0.0500 THB. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of VGI Public Company Limited (VGI)?
The dividend yield of VGI Public Company Limited is 1.2%. 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 VGI Public Company Limited (VGI)?
The net margin of VGI Public Company Limited is −24.5% (fiscal year 2026). 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 VGI Public Company Limited (VGI)?
The return on equity (ROE) of VGI Public Company Limited is −3.6% (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 VGI Public Company Limited (VGI)?
On an EBIT basis the return on assets of VGI Public Company Limited is −2.5% (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 VGI Public Company Limited (VGI)?
The operating margin of VGI Public Company Limited is −22.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at VGI Public Company Limited (VGI)?
Revenue at VGI Public Company Limited is growing −8.5% versus a year earlier (3y avg −2.2%). 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 VGI Public Company Limited (VGI)?
Earnings per share at VGI Public Company Limited are growing −81.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does VGI Public Company Limited (VGI) generate?
The free cash flow of VGI Public Company Limited is −549M THB (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does VGI Public Company Limited (VGI) hold?
VGI Public Company Limited holds more cash than debt, 17.5B THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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