Thai Wacoal Public Company Limited (WACOAL) fair value: what the stock is really worth
As of Oct 15, 2026: fair value of Thai Wacoal Public Company Limited THB 4.29, price THB 15.80, upside -72.8%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range 15.30 THB – 46.59 THB · fair‑value band 4.02 THB – 4.67 THB · the 15.80 THB price screens above the 4.29 THB fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Thai Wacoal Public Company Limited, together with its subsidiaries, is engaged in the manufacturing and selling of finished garment products, consisting of ladies' lingerie, ladies' outerwear, and children's wear products in Thailand and internationally.
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It offers ladies' lingerie under the Wacoal, WIENNA, B'me, Sgarlet, Presea, and CW-X brand names; children wear under the ENFANT, Little Wacoal, De bon, and Amusant brand names; and ladies' outerwear under the 5.up, Race', and Erawan Uniforms & Workwear brand names.
The company also sells its products online. In addition, it exports its products to Japan, the United States, and the ASEAN countries. The company was founded in 1970 and is based in Bangkok, Thailand.
Stock analysis
Thai Wacoal Public Company Limited (WACOAL) currently trades at 15.80 THB, while our model-based Fair Value estimate is 4.29 THB, 72.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 27.78 THB per share, and 1 of the 3 models we run sit above the 15.80 THB price.
Bear case: the Dividend Discount group reads lowest at 4.47 THB, and 2 of the 3 models stay below the price. Data coverage for this calculation is low.
Scenario range: 4.02 THB (bear) to 4.67 THB (bull), the price of 15.80 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 43/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Thai Wacoal Public Company Limited reported revenue of 3.0B THB in FY2025 versus 3.2B THB in FY2021, a compound −2.2%/yr. Reported net income was −135M THB in FY2025.
Key figures
Market cap 1.9B THB (≈ $56.7M) · P/S ratio 0.65 · EPS (TTM) −0.0500 THB · Dividend yield 3.5% · Net margin −4.5% · Return on equity −0.1% · Return on assets (EBIT) −1.9% · Operating margin −3.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −15% fair-value upside, at −73%, WACOAL screens richer than that median.
Fair Value models
Bear4.02 THBFair Value 4.29 THBBull4.67 THB
Price 15.80 THB · Upside -72.8%
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.5/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−15.2%
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.
−8.9%
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.
+0.1%
Start year 2020 (pandemic). Over 10 years: −2.9% 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.
−0.5%
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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.
−23.5% (2020) → −14.6% (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
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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.Apparel Manufacturing · 218 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside−72.8% · Bottom 25%
Profitability
Return on assets−2.3% · Bottom 25%
Net margin (12 months)−0.2% · Bottom 25%
Operating margin (12 months)−3.8% · Bottom 25%
Growth and dividend
Revenue growth4.4% · Above median
Dividend yield (12 months)3.5% · Above median
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
P/S (12 months)0.02× · Cheapest 25%
PEG0.80× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)22· sector 19
PAST (return on equity)0· sector 22
HEALTH (low debt)100· sector 98
DIVIDEND (yield)70· sector 64
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). "Thai Wacoal Public Company Limited Fair Value". https://www.fairvalue-calculator.com/stock/WACOAL
Frequently asked questions
Is Thai Wacoal Public Company Limited (WACOAL) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 4.29 THB versus a price of 15.80 THB, about −73% upside (overvalued).
What is the fair value of WACOAL?
Our model-based fair value for Thai Wacoal Public Company Limited is 4.29 THB (as of Oct 2, 2026), built from audited fundamentals. The current price: 15.80 THB.
What is the quality score of WACOAL?
Thai Wacoal Public Company Limited has a Quality Score of 43/100. 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 Wacoal Public Company Limited (WACOAL)?
Our model-based price target is the fair value of 4.29 THB (as of Oct 2, 2026) from 3 valuation models. Cautious scenario 4.02 THB, optimistic scenario 4.67 THB. It is a calculation from audited fundamentals, not an analyst target.
What is the Thai Wacoal Public Company Limited stock forecast for 2026?
Our models put fair value at 4.29 THB, about −73% upside versus a price of 15.80 THB (overvalued). Cautious scenario 4.02 THB, optimistic scenario 4.67 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Thai Wacoal Public Company Limited (WACOAL)?
Thai Wacoal Public Company Limited reported trailing-twelve-month revenue of about 3.0B THB (latest available figure, as of Oct 2, 2026).
Does Thai Wacoal Public Company Limited pay a dividend?
Thai Wacoal Public Company Limited currently shows a dividend yield of about 3.48% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of Thai Wacoal Public Company Limited (WACOAL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Thai Wacoal Public Company Limited it is 4.29 THB per share (as of Oct 2, 2026), against a price of 15.80 THB. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Thai Wacoal Public Company Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, WACOAL trades above its calculated fair value: price 15.80 THB, fair value 4.29 THB, a gap of about −73% (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 WACOAL?
No. The price is what the market pays today (15.80 THB); the fair value is what the company's own numbers justify (4.29 THB). For Thai Wacoal Public Company Limited the two are 11.51 THB per share apart. That gap is exactly why we show both numbers side by side.
How much is Thai Wacoal Public Company Limited worth?
The market values Thai Wacoal Public Company Limited at about 1.9B THB (market capitalisation, as of Oct 2, 2026). Per share that is 15.80 THB; our models calculate a fair value of 4.29 THB per share.
What do the bullish and bearish scenarios say about WACOAL?
Our models span a range for Thai Wacoal Public Company Limited: cautious scenario 4.02 THB, base 4.29 THB, optimistic 4.67 THB per share (as of Oct 2, 2026, price 15.80 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of WACOAL?
The PEG ratio of Thai Wacoal Public Company Limited is 0.80 (P/E divided by earnings growth, as of Oct 2, 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 Wacoal Public Company Limited (WACOAL)?
Balance-sheet figures for Thai Wacoal Public Company Limited (as of Oct 2, 2026): return on equity −0.1%. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is WACOAL from its 52-week high?
Thai Wacoal Public Company Limited trades at 15.80 THB, about 13% below its 52-week high of 18.10 THB and 3% above the low of 15.30 THB (as of Oct 15, 2026). Distance from the high says nothing about value: that is what the fair value of 4.29 THB is for.
Which stocks are comparable to Thai Wacoal Public Company Limited?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, LPP SA, Levi Strauss & Co, 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 Wacoal Public Company Limited stock attractive at the current price?
The data as of Oct 2, 2026: price 15.80 THB, calculated fair value 4.29 THB (−73%), Quality Score 43/100, 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 WACOAL calculated?
We run Thai Wacoal 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 4.29 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 13.8 % above its aggregate fair value. Thai Wacoal 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 Wacoal Public Company Limited (WACOAL)?
The closing price on Oct 15, 2026 was 15.80 THB. Our model-based fair value is 4.29 THB, about −73% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Thai Wacoal Public Company Limited right now?
The price sits above even our optimistic bull case (4.67 THB). The favourable scenario is already priced in. Weak quality (43/100) 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.
Key figures of Thai Wacoal Public Company Limited
How large is the market capitalisation of Thai Wacoal Public Company Limited (WACOAL)?
The market capitalisation of Thai Wacoal Public Company Limited is 1.9B THB (≈ $56.7M). 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 Wacoal Public Company Limited (WACOAL)?
The price-to-sales ratio of Thai Wacoal Public Company Limited is 0.65 (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 Wacoal Public Company Limited (WACOAL)?
Earnings per share at Thai Wacoal 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 Thai Wacoal Public Company Limited (WACOAL)?
The dividend yield of Thai Wacoal Public Company Limited is 3.5%. 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 Thai Wacoal Public Company Limited (WACOAL)?
The net margin of Thai Wacoal Public Company Limited is −4.5% (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 Wacoal Public Company Limited (WACOAL)?
The return on equity (ROE) of Thai Wacoal Public Company Limited is −0.1% (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 Wacoal Public Company Limited (WACOAL)?
On an EBIT basis the return on assets of Thai Wacoal Public Company Limited is −1.9% (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 Wacoal Public Company Limited (WACOAL)?
The operating margin of Thai Wacoal Public Company Limited is −3.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Thai Wacoal Public Company Limited (WACOAL)?
Revenue at Thai Wacoal Public Company Limited is growing +4.4% versus a year earlier (3y avg −8.9%). 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 Thai Wacoal Public Company Limited (WACOAL)?
Earnings per share at Thai Wacoal Public Company Limited are growing +274% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Thai Wacoal Public Company Limited (WACOAL) generate?
The free cash flow of Thai Wacoal Public Company Limited is −56.3M 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 cash does Thai Wacoal Public Company Limited (WACOAL) hold?
Thai Wacoal Public Company Limited holds more cash than debt, 205M THB net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 2, 2026