P.I.E. Industrial Berhad

KLSE:PIE Stock Report

Market Cap: RM 2.1b

P.I.E. Industrial Berhad Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: PIE (MYR5.39) is trading above our estimate of fair value (MYR1)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

PIE 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/Revenue1.9x
Enterprise Value/EBITDA19.3x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PIE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.3x
SCOMNET Supercomnet Technologies Berhad
35.5x23.2%RM 1.1b
MTEC Master Tec Group Berhad
45.1xn/aRM 1.1b
SCGBHD Southern Cable Group Berhad
18.9xn/aRM 723.9m
SLVEST Solarvest Holdings Berhad
33.7x21.1%RM 1.1b
PIE P.I.E. Industrial Berhad
27.6x31.5%RM 2.1b

Price-To-Earnings vs Peers: PIE is good value based on its Price-To-Earnings Ratio (27.6x) compared to the peer average (33.3x).

Price to Earnings Ratio vs Industry

How does PIE's PE Ratio compare vs other companies in the Asian Electrical Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a25.3%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a25.3%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: PIE is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the Asian Electrical industry average (25.2x).

Price to Earnings Ratio vs Fair Ratio

What is PIE'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.

PIE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.6x
Fair PE Ratio36.5x

Price-To-Earnings vs Fair Ratio: PIE is good value based on its Price-To-Earnings Ratio (27.6x) compared to the estimated Fair Price-To-Earnings Ratio (36.5x).

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 PIE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 5.39
RM 6.90
+28.0%
2.2%RM 7.05RM 6.75n/a2
Aug ’25RM 5.80
RM 6.90
+19.0%
2.2%RM 7.05RM 6.75n/a2
Jul ’25RM 6.30
RM 6.90
+9.5%
2.2%RM 7.05RM 6.75n/a2
Jun ’25RM 5.92
RM 6.90
+16.6%
2.2%RM 7.05RM 6.75n/a2
May ’25RM 5.72
RM 5.33
-6.9%
26.8%RM 6.75RM 3.90n/a2
Apr ’25RM 3.56
RM 3.95
+11.0%
1.3%RM 4.00RM 3.90n/a2
Mar ’25RM 3.36
RM 3.95
+17.6%
1.3%RM 4.00RM 3.90n/a2
Feb ’25RM 3.21
RM 3.85
+19.9%
1.3%RM 3.90RM 3.80n/a2
Jan ’25RM 3.25
RM 3.85
+18.5%
1.3%RM 3.90RM 3.80n/a2
Dec ’24RM 3.21
RM 3.70
+15.4%
5.7%RM 3.90RM 3.41n/a3
Nov ’24RM 3.09
RM 3.51
+13.6%
2.8%RM 3.61RM 3.41n/a2
Oct ’24RM 2.98
RM 3.51
+17.8%
2.8%RM 3.61RM 3.41n/a2
Sep ’24RM 2.89
RM 3.51
+21.5%
2.8%RM 3.61RM 3.41n/a2
Aug ’24RM 2.79
RM 3.73
+33.7%
8.6%RM 4.05RM 3.41RM 5.802
Jul ’24RM 2.93
RM 3.73
+27.3%
8.6%RM 4.05RM 3.41RM 6.302
Jun ’24RM 3.15
RM 3.73
+18.4%
8.6%RM 4.05RM 3.41RM 5.922
May ’24RM 3.68
RM 4.01
+8.8%
1.1%RM 4.05RM 3.96RM 5.722
Apr ’24RM 3.60
RM 4.01
+11.3%
1.1%RM 4.05RM 3.96RM 3.562
Mar ’24RM 3.44
RM 3.96
+15.0%
4.6%RM 4.20RM 3.72RM 3.364
Feb ’24RM 3.07
RM 3.73
+21.6%
10.2%RM 4.20RM 3.15RM 3.214
Jan ’24RM 2.60
RM 3.73
+43.6%
10.2%RM 4.20RM 3.15RM 3.254
Dec ’23RM 2.73
RM 3.73
+36.7%
10.2%RM 4.20RM 3.15RM 3.214
Nov ’23RM 2.50
RM 3.96
+58.3%
4.8%RM 4.20RM 3.70RM 3.094
Oct ’23RM 2.77
RM 3.96
+42.9%
4.8%RM 4.20RM 3.70RM 2.984
Sep ’23RM 3.00
RM 3.96
+31.9%
4.8%RM 4.20RM 3.70RM 2.894
Aug ’23RM 3.46
RM 4.05
+17.0%
11.5%RM 4.59RM 3.45RM 2.793

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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