Malayan Banking Berhad

KLSE:MAYBANK Stock Report

Market Cap: RM 121.6b

Malayan Banking Berhad Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: MAYBANK (MYR10.08) is trading above our estimate of fair value (MYR9.5)

Significantly Below Fair Value: MAYBANK is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MAYBANK. This is calculated by dividing MAYBANK's market cap by their current earnings.
What is MAYBANK's PE Ratio?
PE Ratio12.2x
EarningsRM 9.94b
Market CapRM 121.63b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MAYBANK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.8x
CIMB CIMB Group Holdings Berhad
11.2x6.1%RM 85.4b
PBBANK Public Bank Berhad
12.7x4.8%RM 88.3b
HLBANK Hong Leong Bank Berhad
9.7x7.4%RM 41.4b
RHBBANK RHB Bank Berhad
9.7x6.7%RM 28.0b
MAYBANK Malayan Banking Berhad
12.2x4.6%RM 121.6b

Price-To-Earnings vs Peers: MAYBANK is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (10.8x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MAYBANK 12.2xIndustry Avg. 8.8xNo. of Companies78PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MAYBANK is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the Asian Banks industry average (8.8x).

Price to Earnings Ratio vs Fair Ratio

What is MAYBANK'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.

MAYBANK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ratio11.7x

Price-To-Earnings vs Fair Ratio: MAYBANK is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).

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 MAYBANK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 10.08
RM 11.15
+10.6%
9.2%RM 12.80RM 8.85n/a18
Dec ’25RM 10.20
RM 11.18
+9.6%
9.1%RM 12.80RM 8.85n/a18
Nov ’25RM 10.40
RM 11.27
+8.4%
7.2%RM 12.50RM 9.40n/a18
Oct ’25RM 10.54
RM 11.25
+6.7%
7.6%RM 12.50RM 9.40n/a18
Sep ’25RM 10.78
RM 10.99
+1.9%
9.7%RM 12.50RM 8.60n/a18
Aug ’25RM 10.26
RM 10.25
-0.1%
8.1%RM 11.50RM 8.60n/a18
Jul ’25RM 9.97
RM 10.03
+0.6%
8.5%RM 11.50RM 8.60n/a18
Jun ’25RM 9.93
RM 9.92
-0.1%
8.5%RM 11.50RM 8.60n/a18
May ’25RM 9.73
RM 9.73
-0.02%
8.4%RM 11.00RM 8.10n/a18
Apr ’25RM 9.71
RM 9.67
-0.4%
8.9%RM 11.00RM 8.10n/a18
Mar ’25RM 9.45
RM 9.54
+0.9%
9.0%RM 11.00RM 8.10n/a18
Feb ’25RM 9.26
RM 9.40
+1.5%
7.8%RM 10.70RM 8.10n/a18
Jan ’25RM 8.89
RM 9.40
+5.7%
7.8%RM 10.70RM 8.10n/a18
Dec ’24RM 9.00
RM 9.35
+3.9%
8.3%RM 10.70RM 8.00RM 10.2018
Nov ’24RM 9.02
RM 9.26
+2.7%
7.8%RM 10.50RM 8.00RM 10.4018
Oct ’24RM 8.79
RM 9.26
+5.3%
7.8%RM 10.50RM 8.00RM 10.5418
Sep ’24RM 9.15
RM 9.32
+1.9%
7.7%RM 10.50RM 8.00RM 10.7819
Aug ’24RM 8.99
RM 9.18
+2.1%
7.2%RM 10.30RM 8.00RM 10.2619
Jul ’24RM 8.63
RM 9.20
+6.6%
7.8%RM 10.30RM 7.70RM 9.9719
Jun ’24RM 8.60
RM 9.20
+7.0%
7.8%RM 10.30RM 7.70RM 9.9319
May ’24RM 8.66
RM 9.18
+6.0%
7.6%RM 10.30RM 7.70RM 9.7319
Apr ’24RM 8.57
RM 9.19
+7.3%
7.2%RM 10.30RM 8.00RM 9.7119
Mar ’24RM 8.78
RM 9.23
+5.1%
7.6%RM 10.30RM 8.00RM 9.4519
Feb ’24RM 8.74
RM 9.22
+5.5%
8.0%RM 10.40RM 8.00RM 9.2619
Jan ’24RM 8.70
RM 9.22
+6.0%
8.0%RM 10.40RM 8.00RM 8.8919
Dec ’23RM 8.62
RM 9.21
+6.8%
7.9%RM 10.40RM 8.00RM 9.0019

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 Analysis2024/12/25 21:10
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Malayan Banking Berhad is covered by 38 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ei TanAffin Hwang Investment Bank
Poh OngAmInvestment Bank Berhad
Huey GanAmInvestment Bank Berhad