AMMB Holdings Berhad

KLSE:AMBANK Stock Report

Market Cap: RM 19.7b

AMMB Holdings Berhad Valuation

Is AMBANK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AMBANK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

RM 6.36
Fair Value
6.4% undervalued intrinsic discount
17
Number of Analysts

Below Fair Value: AMBANK (MYR5.95) is trading below our estimate of fair value (MYR6.36)

Significantly Below Fair Value: AMBANK is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AMBANK?

Key metric: As AMBANK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AMBANK. This is calculated by dividing AMBANK's market cap by their current earnings.
What is AMBANK's PE Ratio?
PE Ratio9.6x
EarningsRM 2.05b
Market CapRM 19.68b

Price to Earnings Ratio vs Peers

How does AMBANK's PE Ratio compare to its peers?

The above table shows the PE ratio for AMBANK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.6x
HLFG Hong Leong Financial Group Berhad
6.1x5.82%RM 19.8b
RHBBANK RHB Bank Berhad
9.2x3.80%RM 30.3b
HLBANK Hong Leong Bank Berhad
10.1x6.44%RM 43.3b
ABMB Alliance Bank Malaysia Berhad
9x6.17%RM 7.1b
AMBANK AMMB Holdings Berhad
9.6x4.26%RM 19.7b

Price-To-Earnings vs Peers: AMBANK is expensive based on its Price-To-Earnings Ratio (9.6x) compared to the peer average (8.6x).

Price to Earnings Ratio vs Industry

How does AMBANK's PE Ratio compare vs other companies in the Asian Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AMBANK 9.6xIndustry Avg. 9.6xNo. of Companies73PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AMBANK is expensive based on its Price-To-Earnings Ratio (9.6x) compared to the Asian Banks industry average (9.6x).

Price to Earnings Ratio vs Fair Ratio

What is AMBANK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AMBANK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.6x
Fair PE Ratio9.5x

Price-To-Earnings vs Fair Ratio: AMBANK is expensive based on its Price-To-Earnings Ratio (9.6x) compared to the estimated Fair Price-To-Earnings Ratio (9.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AMBANK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 5.95
RM 6.18
+3.88%
11.26%RM 7.00RM 4.50n/a17
Nov ’26RM 5.70
RM 6.00
+5.18%
10.88%RM 6.90RM 4.50n/a17
Oct ’26RM 5.72
RM 6.00
+4.81%
10.88%RM 6.90RM 4.50n/a17
Sep ’26RM 5.39
RM 5.95
+10.46%
11.45%RM 6.90RM 4.50n/a18
Aug ’26RM 5.19
RM 5.86
+12.97%
11.68%RM 6.90RM 4.50n/a17
Jul ’26RM 5.08
RM 5.88
+15.70%
11.47%RM 6.90RM 4.50n/a17
Jun ’26RM 5.24
RM 5.91
+12.87%
11.64%RM 6.90RM 4.50n/a16
May ’26RM 5.16
RM 5.97
+15.67%
11.44%RM 6.80RM 4.50n/a16
Apr ’26RM 5.60
RM 6.08
+8.57%
9.70%RM 6.80RM 4.50n/a15
Mar ’26RM 5.76
RM 6.04
+4.83%
10.05%RM 6.80RM 4.50n/a15
Feb ’26RM 5.64
RM 5.77
+2.22%
8.99%RM 6.40RM 4.50n/a15
Jan ’26RM 5.48
RM 5.77
+5.21%
8.99%RM 6.40RM 4.50n/a15
Dec ’25RM 5.39
RM 5.77
+7.00%
8.98%RM 6.40RM 4.50n/a15
Nov ’25RM 5.06
RM 5.56
+9.82%
8.20%RM 6.15RM 4.50RM 5.7015
Oct ’25RM 5.02
RM 5.53
+10.16%
7.80%RM 5.95RM 4.50RM 5.7215
Sep ’25RM 5.20
RM 5.49
+5.51%
7.75%RM 5.95RM 4.50RM 5.3915
Aug ’25RM 4.58
RM 4.84
+5.78%
6.36%RM 5.50RM 4.28RM 5.1915
Jul ’25RM 4.28
RM 4.84
+13.19%
6.36%RM 5.50RM 4.28RM 5.0815
Jun ’25RM 4.25
RM 4.74
+11.48%
4.35%RM 5.06RM 4.28RM 5.2415
May ’25RM 4.20
RM 4.60
+9.56%
5.58%RM 5.05RM 4.20RM 5.1615
Apr ’25RM 4.21
RM 4.60
+9.30%
5.58%RM 5.05RM 4.20RM 5.6015
Mar ’25RM 4.28
RM 4.52
+5.56%
7.30%RM 5.05RM 3.75RM 5.7615
Feb ’25RM 4.24
RM 4.45
+4.86%
7.07%RM 4.86RM 3.75RM 5.6415
Jan ’25RM 4.01
RM 4.45
+10.87%
7.07%RM 4.86RM 3.75RM 5.4815
Dec ’24RM 4.06
RM 4.43
+9.18%
6.94%RM 4.86RM 3.75RM 5.3915
Nov ’24RM 3.82
RM 4.21
+10.30%
6.96%RM 4.80RM 3.75RM 5.0615
RM 6.18
Fair Value
3.7% undervalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/29 02:09
End of Day Share Price 2025/11/28 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AMMB Holdings Berhad is covered by 29 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Chee Wei LoongAffin Hwang Investment Bank
Chin Seng TayBofA Global Research
Gia NgCGS International