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Malayan Banking Bhd (1155) Fair Value & Analysis

Financial Services · MY · Market cap 135B MYR (≈ $33.5B) · ISIN MYL1155OO000

What is Malayan Banking Bhd really worth?

MB Malayan Banking Bhd 1155 · KLSE
Price10.56 MYR
Fair Value10.68 MYR
Upside+1.1%
Quality61/100

A solid business, currently priced close to our fair value of 10.68 MYR.

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Strengths

Highly profitable · 36.5% net margin
Low debt · generates free cash flow
Ranks above peers (13/15)
Wide moat 67/100

Risks

!Mixed Growth (revenue 5y +10.0 %/yr)

For context

·5.97% dividend yield
Evidence: High Range 8.01 MYR – 13.35 MYR

Fair value as of: Aug 20, 2026

From 6 valuation models · updated 16 days ago

Share price −2.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

12.03 MYR 5.69 MYR Fair Value 10.68 MYR Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range 5.69 MYR – 12.03 MYR · fair‑value band 8.01 MYR – 13.35 MYR · the 10.56 MYR price screens below the 10.68 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Malayan Banking Bhd (1155) currently trades at 10.56 MYR, while our model-based Fair Value estimate is 10.68 MYR, implying the stock looks roughly 1.1% fairly valued today. The Quality Score stands at 61/100 (solid quality), in the Financial Services sector. Bull case: the Multiples group reads highest at a median of 10.82 MYR per share, and 3 of the 6 models we run sit above the 10.56 MYR price. Bear case: the Asset-Based group reads lowest at 5.18 MYR, and 3 of the 6 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Malayan Banking Bhd generated revenue of 28.5B MYR at a net margin of 36.5%. Revenue declined 5.4% year over year. It earns a return on equity of 11.3%. Net debt stands at 80.9B MYR. Fundamentals as of Aug 20, 2026

Our scenario range runs from 8.01 MYR (bear case) to 13.35 MYR (bull case); at 10.56 MYR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −10% fair-value upside, at 1%, 1155 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.1556 MYR per share, which is 1.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income best evidence 7.06 MYR 8.03 MYR 12.59 MYR 75
Gordon GGM 5.68 MYR 11.82 MYR 18.74 MYR 66
DDM Multi-Stage 5.68 MYR 9.45 MYR 12.40 MYR 66
All 6 models by family
Dividend Discount
Gordon GGM 5.68 MYR 11.82 MYR 18.74 MYR 66
DDM Multi-Stage 5.68 MYR 9.45 MYR 12.40 MYR 66
Multiples
P/E Multiple 8.48 MYR 11.30 MYR 14.13 MYR 63
P/B Multiple 8.11 MYR 10.82 MYR 13.52 MYR 55
Asset-Based
NCAV (Graham) 3.86 MYR 5.18 MYR 7.73 MYR 54
Economic Profit
Residual Income best evidence 7.06 MYR 8.03 MYR 12.59 MYR 75

Widest divergence: Multiples (10.82 MYR) versus Asset-Based (5.18 MYR). Highest evidence: Residual Income (75).

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Key figures & financial health

P/E ratio 12.3
P/S ratio 2.55 P/E × margin
EPS (TTM) 0.8600 MYR price ÷ EPS = P/E 12.3
Dividend yield 6.0% payout 73.3%
Net margin 20.8% FY2025
Return on equity 11.3% TTM
More key figures
Profitability
Return on assets (EBIT) 1.3% avg 5y
Operating margin 49.6% TTM
Growth
Revenue (TTM) 28.5B MYR TTM
Revenue growth (YoY) −5.4% 3y avg +15.9%
EPS growth (YoY) −4.3%
Balance sheet & cash flow
Free cash flow 12.6B MYR FY2025
Net debt 80.9B MYR FY2025 · ≈ 6.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 55 · Market factors (momentum, volatility) 62

Profitability 33
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 85
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Malayan Banking Berhad provides commercial banking and related financial products and services. The company operates in three segments: Group Community Financial Services, Group Global Banking, and Group Insurance and Takaful.

Full company description

Malayan Banking Berhad provides commercial banking and related financial products and services. The company operates in three segments: Group Community Financial Services, Group Global Banking, and Group Insurance and Takaful. It offers savings and fixed deposits, and current accounts; and housing and personal loans, project financing, overdrafts, and trade financing, as well as remittance services. The company also provides credit cards; bancassurance products; hire purchase, unit trust, cash management, custodian, and trustee services; and treasury activities and services, including foreign exchange, money market, derivatives, and trading of capital market. In addition, it offers investment banking and securities broking services comprising corporate advisory, bond and equity issuance, syndicated acquisition advisory, debt restructuring advisory, and share and futures dealings; and asset and fund management services, including a range of conventional and Islamic investment solutions. Further, the company underwrites general and life insurance businesses, offshore investment life insurance business, and general and family takaful businesses; and offers offshore and Islamic banking, multi-financing, bureau, corporate finance, property leasing and trading, nominee, property investment, business/economic consultancy and advisory, IT shared and development, financial and investment advisory, research, and leasing and factoring services, as well as business management consultancy/support services. It serves individuals, corporates, financial institutions, government, institution, and commercial customers, as well as micro, small and medium enterprises in Malaysia, Singapore, Indonesia, the Philippines, Brunei Darussalam, the People's Republic of China, Hong Kong SAR, Vietnam, the United Kingdom, the United States of America, Cambodia, Laos, Myanmar, Labuan Offshore, and Thailand. The company was incorporated in 1960 and is headquartered in Kuala Lumpur, Malaysia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Malayan Banking Bhd reported revenue of 50.7B MYR in FY2025 versus 29.0B MYR in FY2021, a compound +14.9%/yr. Reported net income was 10.5B MYR in FY2025, compounding +6.8%/yr from FY2021.

Growth Quality 78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
50.7B MYR
Latest YoY
+5.4%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.9%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.0%
Avg. revenue growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.8%
Value creation/yr (5Y, in MYR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+10.6% (4.6 + 6.0)
Revenue +14.9%/yr
FY21 29.0B MYR
FY22 32.5B MYR
FY23 43.5B MYR
FY24 48.1B MYR
FY25 50.7B MYR
Net income +6.8%/yr
FY21 8.1B MYR
FY22 8.0B MYR
FY23 9.3B MYR
FY24 10.1B MYR
FY25 10.5B MYR
Character of growth · EPS growth decomposed (2014-2025) +1.9 % p.a.
Revenue per share +3.2 %

of which total revenue +5.8 % · buybacks/dilution −2.5 %

EBIT margin −1.2 %
Tax rate −0.1 %
Residual (interest, one-offs) +0.0 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Malayan Banking Bhd Fair Value". https://www.fairvalue-calculator.com/stock/1155

Peer Group

Banks - Regional · 1071 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 61 · Top 25%
Fair Value upside +1% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 1% · Above median
Net margin (TTM) 37% · Above median
Operating margin (TTM) 50% · Above median
Revenue growth −5% · Bottom 25%
Dividend yield (TTM) 6.0% · Top 25%
Debt / equity 0.28× · Lower than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 12.3× · Pricier than median
P/B 0.36× · Cheaper than 75% of peers
P/S (TTM) 1.18× · Cheaper than 75% of peers
P/FCF 2.7× · Cheaper than median
EV/EBITDA 1.3× · Cheaper than 75% of peers
PEG 1.37× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE35 · sector 33
FUTURE0 · sector 45
PAST45 · sector 41
HEALTH86 · sector 85
DIVIDEND100 · sector 51

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
DBS Group D05 75.65 SGD 40.48 SGD −46%
China Merchants Bank Co 3968 HK$47.96 HK$76.51 +60%
Intesa Sanpaolo S.p.A ISP €6.78 €5.66 −17%
HDFC Bank Limited HDB $23.17 $24.12 +4%
BNP Paribas SA BNP €102.56 €144.64 +41%
UniCredit S.p.A UCG €84.71 €77.62 −8%
Mizuho Financial Group MFG $10.74 $9.69 −10%
ICICI Bank Limited ICICIBANK ₹1,443 ₹835.21 −42%
Oversea-Chinese Banking Corporation O39 31.07 SGD 19.80 SGD −36%
CaixaBank, S.A CABK €13.52 €8.85 −35%

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Frequently asked questions

Is Malayan Banking Bhd (1155) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 10.68 MYR versus a price of 10.56 MYR, about +1% upside (fairly valued).
What is the fair value of 1155?
Our model-based fair value for Malayan Banking Bhd is 10.68 MYR (as of Aug 20, 2026), built from audited fundamentals. The current price: 10.56 MYR.
What is the quality score of 1155?
Malayan Banking Bhd has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Malayan Banking Bhd (1155)?
Malayan Banking Bhd reported trailing-twelve-month revenue of about 28.5B MYR (latest available figure, as of Aug 20, 2026).
What is the net profit margin of 1155?
The net profit margin of Malayan Banking Bhd is about 36.5%, meaning it keeps roughly 36.5% of revenue as net income. Based on the latest reported figures.
Does Malayan Banking Bhd pay a dividend?
Malayan Banking Bhd currently shows a dividend yield of about 5.97% relative to its recent price (as of Aug 20, 2026).
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