ADNEX GROUP BERHAD (0396) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of ADNEX GROUP BERHAD stock MYR 0.21, price MYR 0.44, that is 51.7% below the price, quality 76 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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ADNEX GROUP BERHAD
0396 · KLSEOur calculation puts a fair price 52% below what the stock costs today.
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69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
8‑month range 0.2314 MYR – 0.4600 MYR · fair‑value band 0.1100 MYR – 0.2900 MYR · the 0.4350 MYR price screens above the 0.2100 MYR fair value. As of Nov 9, 2026.
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Company profile
Adnex Group Berhad, through its subsidiaries, provides interior fit-out services for commercial and industrial properties in Malaysia, The Philippines, Australia, Indonesia, New Zealand, and Singapore.
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The company offers interior fit-out and turnkey fit-out services for corporate offices, F&B outlets, and sales galleries.
Its services include design, planning, and coordination services, such as overseeing, managing and coordinating the design concepts, space planning and layout plan designs, selection of materials, finishes, furnishings and fixtures; project planning and scheduling services, such as developing project timeline; engagement and appointment of professionals including identifying and engaging relevant professionals, including M&E consultant engineer, civil and structural consultant engineer and architect; cost management services, such as monitoring budgets and expenditure or preparation of estimated overall fit-out costs; Procurement including sourcing and procurement of materials, supplies and furniture; Liaising with various parties for documentation submission; appointment of subcontractors; Supervision and coordination of on-site fit-out activities carried out by subcontractors; Implementation of quality control and safety procedures; and manage and monitor rectification and repair of defects during the DLP. Its customers comprise property owners and tenants, as well as interior fit-out consultants and project management consultants.
Adnex Group Berhad was founded in 2004 and is based in Shah Alam, Malaysia. Adnex Group Berhad operates as a subsidiary of Kan8 Holding Sdn Bhd.
Stock analysis
ADNEX GROUP BERHAD (0396) currently trades at 0.4350 MYR, while our model-based Fair Value estimate is 0.2100 MYR, 52% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 0.3100 MYR per share, and 1 of the 26 models we run sit above the 0.4350 MYR price.
Bear case: the Economic Profit group reads lowest at 0.0800 MYR, and 25 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.1100 MYR (bear) to 0.2900 MYR (bull), the price of 0.4350 MYR sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 76/100 (high quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
ADNEX GROUP BERHAD reported revenue of 50.2M MYR in FY2024 versus 30.9M MYR in FY2022, a compound +27.5%/yr. Reported net income was 6.4M MYR in FY2024, compounding +36.7%/yr from FY2022.
Key figures
Market cap 218M MYR (≈ $53.6M) Micro · P/E ratio 21.8 · P/S ratio 2.31 · EPS (TTM) 0.0200 MYR · Net margin 9.8% · Return on equity 72.0% · Return on assets (EBIT) 28.6% (3-year average) · Operating margin 16.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).
What moves the price
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −52%, 0396 screens richer than that median.
Fair Value models
All 26 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
0396 screens overvalued: fair value 52% below the price. Compare with Quanta Services, Inc →
Compare ADNEX GROUP BERHAD with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Engineering & Construction · 791 stocks
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- PEG ratio by industry
- Revenue growth by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Industrials
- Valuation of the Malaysia market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Vinci SA DG | €111.60 | €186.68 | +67% | vs 0396 |
| Comfort Systems USA, Inc FIX | $1,018 | $1,119 | +10% | vs 0396 |
| EMCOR Group EME | $608.45 | $524.14 | −14% | vs 0396 |
| ACS, Actividades de Construcción y Servicios, S.A ACS | €87.00 | €62.21 | −28% | vs 0396 |
| Samsung C&T Corporation 028260 | 273,500 KRW | 159,702 KRW | −42% | vs 0396 |
| Larsen & Toubro Limited LT | ₹4,118 | ₹2,302 | −44% | vs 0396 |
| HOCHTIEF Aktiengesellschaft HOT | €365.60 | €203.86 | −44% | vs 0396 |
| APi Group APG | $40.87 | $19.20 | −53% | vs 0396 |
| Ferrovial N.V FER | $58.71 | $23.06 | −61% | vs 0396 |
| Quanta Services, Inc PWR | $540.90 | $162.41 | −70% | vs 0396 |
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