Grg Metrology (002967) Fair Value & Analysis
Industrials · CN · Market cap 11.6B CNY (≈ $1.7B) · ISIN CNE100003Q57
What is Grg Metrology really worth?
A solid business, but trading 51% above our fair value of ¥11.69.
Strengths
Risks
For context
Fair value as of: Aug 23, 2026
From 26 valuation models · updated 13 days ago
Share price +1.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (¥14.91). The favourable scenario is already priced in.
- Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.
How to read this chart
60‑month range ¥9.46 – ¥42.16 · fair‑value band ¥8.46 – ¥14.91 · the ¥17.67 price screens above the ¥11.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.
Analysis
Grg Metrology (002967) currently trades at ¥17.67, while our model-based Fair Value estimate is ¥11.69, implying the stock looks roughly 51.1% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of ¥22.23 per share, and 11 of the 26 models we run sit above the ¥17.67 price. Bear case: the Asset-Based group reads lowest at ¥3.80, and 15 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Grg Metrology generated revenue of 3.7B CNY at a net margin of 11.8%. Revenue grew 15.4% year over year. It earns a return on equity of 10.7%. Net debt stands at 769M CNY. Fundamentals as of Aug 23, 2026
Our scenario range runs from ¥8.46 (bear case) to ¥14.91 (bull case); at ¥17.67, the current price sits above 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 about 33% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −2% fair-value upside, at −34%, 002967 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.2910 per share, which is 2.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: DCF Models (¥22.23) versus Asset-Based (¥3.80). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 68 · Market factors (momentum, volatility) 38
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
GRG Metrology & Test Group Co., Ltd., together with its subsidiaries, operates as a third-party measurement and testing institution in China.
Full company description
GRG Metrology & Test Group Co., Ltd., together with its subsidiaries, operates as a third-party measurement and testing institution in China. It offers measurement and calibration, environmental and reliability testing, EMC testing, chemical and failure analysis, safety test and certification, environmental monitoring, and food and agricultural product testing services; integrated circuit testing and analysis, electromagnetic compatibility testing, and ecological environment testing; and EHS evaluation services, including safety evaluation, environmental impact assessment, and occupational health evaluation; and reference materials. The company also provides data science analysis and evaluation services, such as network security, software evaluation, and artificial intelligence testing; and technical services, including artificial intelligence ecosystem verification and human-machine efficacy evaluation, as well as digital services comprising data governance capability evaluation, digital evaluation consulting and training, and data asset security compliance evaluation and inclusion. In addition, It offers technical training and consulting; and software development services. The company serves the vehicle, aviation, rail transit, ship, communication, electricity, food, agriculture, medical, electronic, textile, and petrochemical industries. The company was formerly known as Guang Zhou GRG Metrology & Test Co., Ltd and changed its name to GRG Metrology & Test Group Co., Ltd. in March 2023. GRG Metrology & Test Group Co., Ltd. was founded in 1964 and is based in Guangzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Grg Metrology reported revenue of 3.6B CNY in FY2025 versus 2.2B CNY in FY2021, a compound +12.5%/yr. Reported net income was 425M CNY in FY2025, compounding +23.6%/yr from FY2021.
of which total revenue +25.5 % · buybacks/dilution −10.5 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
002967 screens 51% overvalued. Compare with Verisk Analytics, Inc →
Peer Group
Consulting Services · 80 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 Consulting Services median · lower = cheaper
Strength profile in five axes (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.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Consulting Services stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Verisk Analytics, Inc VRSK | $191.77 | $145.58 | −24% |
| SGS SA SGSN | CHF 94.20 | CHF 68.96 | −27% |
| Equifax Inc EFX | $192.41 | $100.04 | −48% |
| Bureau Veritas SA BVI | €27.74 | €27.81 | +0% |
| ALS Limited ALQ | A$21.94 | A$10.93 | −50% |
| Booz Allen Hamilton Holding BAH | $75.38 | $146.45 | +94% |
| DKSH Holding DKSH | CHF 66.30 | CHF 64.81 | −2% |
| FTI Consulting, Inc FCN | $151.36 | $168.44 | +11% |
| Centre Testing International Group 300012 | ¥14.98 | ¥11.90 | −21% |
| Ipsos SA IPS | €38.98 | €83.21 | +113% |
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