Question 1

What is fair value of a stock?

Accepted Answer

Fair value (intrinsic value) is the theoretical price of a stock based on fundamentals such as earnings, assets, and dividends. If the current market price is below the fair value, the stock is considered undervalued; if above, it is overvalued.

Question 2

How do I calculate fair value using Graham Number?

Accepted Answer

Graham Number = √(22.5 × EPS × BPS). Developed by Benjamin Graham, this formula calculates a stock's maximum fair value. If the current price is below the Graham Number, the stock may be undervalued.

Question 3

How does the DCF fair value calculator work?

Accepted Answer

DCF (Discounted Cash Flow) calculates fair value by estimating future free cash flows and discounting them to present value. You need: Free Cash Flow Per Share (FCFPS), growth rate, and required rate of return (discount rate). A typical discount rate is 8–12%.

Question 4

Which fair value model is most accurate?

Accepted Answer

No single model is universally best. S-RIM and DCF suit growth stocks; DDM suits dividend-paying stocks; Graham Number suits value stocks. Using the average of multiple models (as this calculator does) gives a more reliable estimate.

적정주가(내재가치) 계산기

기본 재무 지표

성장률 / 할인율

목표 배수 (PSR / PBR)

2단계 DCF (고성장 + 안정)

모델별 적정주가

입력 가이드

함께 사용하면 좋은 계산기