MBSB Berhad

KLSE:MBSB Stock Report

Market Cap: RM 6.1b

MBSB Berhad Valuation

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

Below Fair Value: MBSB (MYR0.75) is trading above our estimate of fair value (MYR0.36)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MBSB. This is calculated by dividing MBSB's market cap by their current earnings.
What is MBSB's PE Ratio?
PE Ratio11x
EarningsRM 556.40m
Market CapRM 6.13b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MBSB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.8x
BIMB Bank Islam Malaysia Berhad
10.8x6.8%RM 6.1b
AFFIN AFFIN Bank Berhad
16.8x13.2%RM 6.9b
ABMB Alliance Bank Malaysia Berhad
10.6x6.2%RM 7.6b
AMBANK AMMB Holdings Berhad
9.1x2.7%RM 18.2b
MBSB MBSB Berhad
11x5.9%RM 6.1b

Price-To-Earnings vs Peers: MBSB is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (11.8x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MBSB 11.0xIndustry Avg. 8.6xNo. of Companies74PE0612182430+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MBSB is expensive based on its Price-To-Earnings Ratio (11x) compared to the Asian Banks industry average (8.6x).

Price to Earnings Ratio vs Fair Ratio

What is MBSB'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.

MBSB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11x
Fair PE Ratio10x

Price-To-Earnings vs Fair Ratio: MBSB is expensive based on its Price-To-Earnings Ratio (11x) compared to the estimated Fair Price-To-Earnings Ratio (10x).

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 MBSB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 0.74
RM 0.72
-3.8%
11.9%RM 0.80RM 0.60n/a3
Nov ’25RM 0.74
RM 0.67
-9.5%
11.9%RM 0.75RM 0.59n/a2
Oct ’25RM 0.79
RM 0.67
-14.6%
11.9%RM 0.75RM 0.59n/a2
Sep ’25RM 0.81
RM 0.67
-16.8%
11.9%RM 0.75RM 0.59n/a2
Oct ’24RM 0.73
RM 0.66
-9.6%
10.6%RM 0.73RM 0.59RM 0.792
Sep ’24RM 0.72
RM 0.66
-9.0%
10.6%RM 0.73RM 0.59RM 0.812
Mar ’24RM 0.60
RM 0.62
+2.5%
17.7%RM 0.73RM 0.51RM 0.762
Feb ’24RM 0.60
RM 0.62
+2.5%
17.7%RM 0.73RM 0.51RM 0.732
Jan ’24RM 0.61
RM 0.62
+0.8%
17.7%RM 0.73RM 0.51RM 0.712
Dec ’23RM 0.60
RM 0.62
+3.3%
17.7%RM 0.73RM 0.51RM 0.712
Nov ’23RM 0.58
RM 0.62
+6.0%
17.7%RM 0.73RM 0.51RM 0.742

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies