T

Top Glove Corporation Bhd
SGX:BVA

Watchlist Manager
Top Glove Corporation Bhd
SGX:BVA
Watchlist
Price: 0.245 SGD 6.52% Market Closed
Market Cap: S$2B

EV/S

1.7
Current
30%
Cheaper
vs 3-y average of 2.4

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1.7
=
Enterprise Value
S$4.6B
/
Revenue
3.6B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
1.7
=
Enterprise Value
S$4.6B
/
Revenue
3.6B

Valuation Scenarios

Top Glove Corporation Bhd is trading below its 3-year average

If EV/S returns to its 3-Year Average (2.4), the stock would be worth S$0.35 (42% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-14%
Maximum Upside
+42%
Average Upside
15%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 1.7 S$0.25
0%
3-Year Average 2.4 S$0.35
+42%
5-Year Average 1.9 S$0.27
+10%
Industry Average 1.5 S$0.21
-14%
Country Average 2.1 S$0.3
+23%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
S$4.6B
/
Mar 2026
3.6B
=
1.7
Current
S$4.6B
/
Aug 2026
4.2B
=
1.1
Forward
S$4.6B
/
Aug 2027
4.6B
=
1
Forward
S$4.6B
/
Aug 2028
5B
=
0.9
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
MY
T
Top Glove Corporation Bhd
SGX:BVA
Average P/E: 35.3
43.3
37%
1.2
US
M
Medline Inc
NASDAQ:MDLN
Not Available
30%
N/A
JP
Hoya Corp
TSE:7741
38.6
15%
2.6
CH
Alcon AG
SIX:ALC
37.3
32%
1.2
DK
Coloplast A/S
CSE:COLO B
23.5
21%
1.1
US
Align Technology Inc
NASDAQ:ALGN
33
34%
1
UK
ConvaTec Group PLC
LSE:CTEC
32.7
41%
0.8
CA
Bausch + Lomb Corp
NYSE:BLCO
Negative Multiple: -15.5 N/A N/A
JP
A
Asahi Intecc Co Ltd
TSE:7747
50.3
40%
1.3
CN
Shenzhen New Industries Biomedical Engineering Co Ltd
SZSE:300832
23.3
9%
2.6
KR
H
HLB Inc
KOSDAQ:028300
Negative Multiple: -36.2 N/A N/A

Market Distribution

Lower than 85% of companies in Malaysia
Percentile
15th
Based on 447 companies
15th percentile
0.5
Low
0 — 1.1
Typical Range
1.1 — 3.7
High
3.7 —
Distribution Statistics
Malaysia
Min 0
30th Percentile 1.1
Median 2.1
70th Percentile 3.7
Max 5 877.2

Top Glove Corporation Bhd
Glance View

Nestled in the bustling industrial landscape of Malaysia, Top Glove Corporation Bhd has emerged as a pivotal player in the global healthcare supply chain. Founded in 1991 by Tan Sri Dr. Lim Wee Chai, what began as a modest enterprise with a singular production line has transformed into the world's largest manufacturer of gloves. The company’s remarkable journey is powered by its commitment to innovation, stringent quality control, and a relentless drive to expand its production capacity. With operations spanning several countries, Top Glove’s manufacturing capabilities cater to a variety of glove types, including latex, nitrile, and vinyl, addressing the diverse needs of healthcare professionals across the globe. Top Glove operates on a high-volume, low-margin business model, allowing it to thrive in an industry that demands both reliability and cost-effectiveness. The company generates revenue by selling its products to an extensive network of distributors, healthcare institutions, and retailers worldwide. Its strategic approach to cost management and supply chain efficiency enables Top Glove to maintain competitive pricing while ensuring significant profit margins. By continuously investing in technology upgrades and expanding its production facilities, Top Glove ensures it remains at the forefront of the glove manufacturing sector, adeptly navigating the vicissitudes of global health trends and economic cycles.

BVA Intrinsic Value
0.229 SGD
Overvaluation 6%
Intrinsic Value
Price S$0.245
T
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett