Bursa Malaysia Berhad

KLSE:BURSA Stock Report

Market Cap: RM 7.2b

Bursa Malaysia Berhad Valuation

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

Below Fair Value: BURSA (MYR8.85) is trading above our estimate of fair value (MYR6.73)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BURSA. This is calculated by dividing BURSA's market cap by their current earnings.
What is BURSA's PE Ratio?
PE Ratio23.8x
EarningsRM 300.77m
Market CapRM 7.16b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BURSA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.2x
AEONCR AEON Credit Service (M) Berhad
9.2x12.0%RM 3.5b
RCECAP RCE Capital Berhad
20.9x11.1%RM 2.6b
HLCAP Hong Leong Capital Berhad
9.9xn/aRM 971.4m
IGBB IGB Berhad
8.7x-9.7%RM 3.5b
BURSA Bursa Malaysia Berhad
23.8x4.9%RM 7.2b

Price-To-Earnings vs Peers: BURSA is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the peer average (12.2x).

Price to Earnings Ratio vs Industry

How does BURSA's PE Ratio compare vs other companies in the Asian Capital Markets Industry?

40 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BURSA 23.8xIndustry Avg. 17.7xNo. of Companies104PE01632486480+
40 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BURSA is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the Asian Capital Markets industry average (17.7x).

Price to Earnings Ratio vs Fair Ratio

What is BURSA'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.

BURSA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.8x
Fair PE Ratio20.1x

Price-To-Earnings vs Fair Ratio: BURSA is expensive based on its Price-To-Earnings Ratio (23.8x) compared to the estimated Fair Price-To-Earnings Ratio (20.1x).

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 BURSA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentRM 8.85
RM 10.19
+15.1%
7.3%RM 11.20RM 8.80n/a16
Nov ’25RM 9.07
RM 10.19
+12.3%
7.3%RM 11.20RM 8.80n/a16
Oct ’25RM 9.65
RM 10.40
+7.8%
6.4%RM 11.25RM 9.30n/a16
Sep ’25RM 9.24
RM 10.38
+12.4%
6.6%RM 11.25RM 9.30n/a15
Aug ’25RM 9.63
RM 10.38
+7.8%
6.6%RM 11.25RM 9.30n/a15
Jul ’25RM 8.88
RM 8.58
-3.3%
12.8%RM 10.70RM 6.70n/a14
Jun ’25RM 8.49
RM 8.41
-0.9%
10.8%RM 9.85RM 6.70n/a14
May ’25RM 7.46
RM 7.67
+2.8%
10.5%RM 9.00RM 6.20n/a14
Apr ’25RM 7.43
RM 7.51
+1.1%
9.7%RM 8.50RM 6.20n/a15
Mar ’25RM 7.43
RM 7.39
-0.5%
12.6%RM 8.50RM 5.50n/a15
Feb ’25RM 7.50
RM 7.25
-3.3%
12.5%RM 8.50RM 5.50n/a15
Jan ’25RM 6.91
RM 6.92
+0.1%
9.7%RM 7.85RM 5.50n/a15
Dec ’24RM 6.75
RM 6.84
+1.3%
10.1%RM 7.85RM 5.50n/a15
Nov ’24RM 6.67
RM 6.84
+2.5%
10.1%RM 7.85RM 5.50RM 9.0715
Oct ’24RM 6.74
RM 6.83
+1.3%
10.2%RM 7.85RM 5.50RM 9.6515
Sep ’24RM 6.93
RM 6.83
-1.5%
10.2%RM 7.85RM 5.50RM 9.2415
Aug ’24RM 6.82
RM 6.83
+0.08%
10.2%RM 7.85RM 5.50RM 9.6315
Jul ’24RM 6.44
RM 6.43
-0.1%
10.4%RM 7.50RM 5.10RM 8.8815
Jun ’24RM 6.20
RM 6.45
+4.1%
10.4%RM 7.50RM 5.10RM 8.4915
May ’24RM 6.28
RM 6.56
+4.4%
10.2%RM 7.50RM 5.20RM 7.4615
Apr ’24RM 6.39
RM 6.58
+3.0%
10.0%RM 7.50RM 5.20RM 7.4315
Mar ’24RM 6.62
RM 6.58
-0.6%
10.0%RM 7.50RM 5.20RM 7.4315
Feb ’24RM 6.71
RM 6.62
-1.3%
10.2%RM 7.60RM 5.20RM 7.5015
Jan ’24RM 6.65
RM 6.69
+0.7%
9.5%RM 7.60RM 5.20RM 6.9115
Dec ’23RM 6.95
RM 6.69
-3.7%
9.5%RM 7.60RM 5.20RM 6.7515
Nov ’23RM 6.40
RM 6.70
+4.7%
9.6%RM 7.60RM 5.20RM 6.6715

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

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