CIMB Group Holdings Berhad

KLSE:CIMB Stock Report

Market Cap: RM 76.8b

CIMB Group Holdings Berhad Valuation

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

Valuation Score


Valuation Score 3/6

  • 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 CIMB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CIMB (MYR7.18) is trading below our estimate of fair value (MYR7.45)

Significantly Below Fair Value: CIMB 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 CIMB?

Other financial metrics that can be useful for relative valuation.

CIMB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CIMB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.9x
PBBANK Public Bank Berhad
12.2x5.3%RM 80.2b
MAYBANK Malayan Banking Berhad
12.8x4.7%RM 122.4b
HLBANK Hong Leong Bank Berhad
9.8x7.4%RM 39.6b
8.9x5.3%RM 24.8b
CIMB CIMB Group Holdings Berhad
10.6x5.8%RM 76.8b

Price-To-Earnings vs Peers: CIMB is good value based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (10.9x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.5%
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.5%
No more companies

Price-To-Earnings vs Industry: CIMB is expensive based on its Price-To-Earnings Ratio (10.6x) compared to the Asian Banks industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is CIMB'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.

CIMB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.6x
Fair PE Ratio10.8x

Price-To-Earnings vs Fair Ratio: CIMB is good value based on its Price-To-Earnings Ratio (10.6x) compared to the estimated Fair Price-To-Earnings Ratio (10.8x).

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 CIMB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 7.18
RM 7.38
7.0%RM 8.60RM 6.30n/a19
Jul ’25RM 6.83
RM 7.37
7.1%RM 8.60RM 6.30n/a19
Jun ’25RM 6.84
RM 7.28
7.4%RM 8.60RM 6.30n/a19
May ’25RM 6.61
RM 7.15
7.2%RM 8.60RM 6.20n/a18
Apr ’25RM 6.66
RM 7.09
7.7%RM 8.60RM 6.20n/a18
Mar ’25RM 6.34
RM 6.98
6.1%RM 7.60RM 6.20n/a17
Feb ’25RM 6.23
RM 6.63
3.8%RM 7.00RM 6.20n/a17
Jan ’25RM 5.85
RM 6.55
3.6%RM 7.00RM 6.20n/a17
Dec ’24RM 5.77
RM 6.47
5.8%RM 7.00RM 5.40n/a17
Nov ’24RM 5.70
RM 6.35
5.5%RM 6.88RM 5.40n/a18
Oct ’24RM 5.43
RM 6.31
6.2%RM 6.88RM 5.40n/a18
Sep ’24RM 5.74
RM 6.36
9.4%RM 8.18RM 5.40n/a19
Aug ’24RM 5.52
RM 6.20
9.7%RM 8.18RM 5.40n/a19
Jul ’24RM 5.06
RM 6.14
9.8%RM 8.18RM 5.40RM 6.8319
Jun ’24RM 4.86
RM 6.17
9.8%RM 8.18RM 5.40RM 6.8419
May ’24RM 5.06
RM 6.41
8.9%RM 8.18RM 5.30RM 6.6120
Apr ’24RM 5.31
RM 6.47
8.1%RM 8.18RM 5.30RM 6.6620
Mar ’24RM 5.62
RM 6.51
8.3%RM 8.18RM 5.30RM 6.3420
Feb ’24RM 5.75
RM 6.38
6.7%RM 7.00RM 5.30RM 6.2320
Jan ’24RM 5.80
RM 6.34
7.3%RM 7.00RM 5.30RM 5.8520
Dec ’23RM 5.75
RM 6.26
8.5%RM 7.00RM 5.05RM 5.7720
Nov ’23RM 5.48
RM 6.11
9.5%RM 7.00RM 4.70RM 5.7020
Oct ’23RM 5.13
RM 6.09
9.5%RM 7.00RM 4.70RM 5.4320
Sep ’23RM 5.48
RM 6.07
9.8%RM 7.00RM 4.70RM 5.7420
Aug ’23RM 5.25
RM 5.91
9.8%RM 7.00RM 4.70RM 5.5220
Jul ’23RM 5.03
RM 5.93
9.4%RM 7.00RM 4.70RM 5.0620

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

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