Malaysian Pacific Industries (3867) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Malaysian Pacific Industries stock MYR 8.65, price MYR 36.20, that is 76.1% below the price, quality 60 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 13.31 MYR – 49.90 MYR · fair‑value band 8.38 MYR – 9.38 MYR · the 36.20 MYR price screens above the 8.65 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Malaysian Pacific Industries Berhad, an investment holding company, engages in the manufacturing, assembling, testing, marketing, and sale of integrated circuits, semiconductor devices, electronic components, and lead frames.
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The company also provides outsourced semiconductor packaging and testing services. It operates in Ireland, Taiwan, Malaysia, the United States, Singapore, the People's Republic of China, and internationally.
The company was formerly known as Federal Paper Products Sdn Berhad and changed its name to Malaysian Pacific Industries Berhad in May 1983. The company was incorporated in 1962 and is based in Ipoh, Malaysia.
Malaysian Pacific Industries Berhad is a subsidiary of Hong Leong Manufacturing Group Sdn Bhd.
Stock analysis
Malaysian Pacific Industries (3867) currently trades at 36.20 MYR, while our model-based Fair Value estimate is 8.65 MYR, 76% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 25.31 MYR per share, and 1 of the 16 models we run sit above the 36.20 MYR price.
Bear case: the Dividend Discount group reads lowest at 3.11 MYR, and 15 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 8.38 MYR (bear) to 9.38 MYR (bull), the price of 36.20 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 60/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Malaysian Pacific Industries reported revenue of 2.6B MYR in FY2026 versus 2.4B MYR in FY2022, a compound +2.3%/yr. Reported net income was 188M MYR in FY2026, compounding −13.0%/yr from FY2022.
Key figures
Market cap 7.0B MYR (≈ $1.7B) Small · P/E ratio 38.3 · P/S ratio 3.50 · EPS (TTM) 0.9457 MYR · Dividend yield 1.1% · Net margin 7.1% · Return on equity 9.8% · Return on assets (EBIT) 7.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 29% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −76%, 3867 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (2.89 MYR to 39.66 MYR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear8.38 MYRFair Value 8.65 MYRBull9.38 MYR
Price 36.20 MYR · Downside -76.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then (0.1974 MYR per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+24.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+9.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.9%
Start year 2021 (pandemic). Over 10 years: +6.1% a year
Revenue growth 21 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.2%
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What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
−6.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.2%
Dividend (yield on the price)1.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−7.2% vs 1.3%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18% → 9%
Compare Malaysian Pacific Industries with another stock
Price, fair value, quality and upside side by side.
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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.Semiconductors · 370 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−76.1% · Bottom 25%
Profitability
Return on equity (12 months)9.8% · Above median
Return on assets7.0% · Above median
Net margin (12 months)9.4% · Above median
Operating margin (12 months)7.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)30.8% · Above median
Dividend yield (12 months)1.1% · Above median
Balance sheet
Debt / equity0.09× · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (12 months)38.3× · Pricier than median
P/B3.17× · Pricier than median
P/S (12 months)3.50× · Cheaper than median
EV/EBITDA15.6× · Cheaper than median
PEG0.96× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 100
PAST (return on equity)39· sector 28
HEALTH (low debt)95· sector 96
DIVIDEND (yield)22· sector 20
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Malaysian Pacific Industries (3867) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 8.65 MYR versus a price of 36.20 MYR, about 76% lower (overvalued).
What is the fair value of 3867?
Our model-based fair value for Malaysian Pacific Industries is 8.65 MYR (as of Nov 7, 2026), built from audited fundamentals. The current price: 36.20 MYR.
What is the quality score of 3867?
Malaysian Pacific Industries has a Quality Score of 60/100. 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 price target for Malaysian Pacific Industries (3867)?
Our model-based price target is the fair value of 8.65 MYR (as of Nov 7, 2026) from 16 valuation models. Cautious scenario 8.38 MYR, optimistic scenario 9.38 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Malaysian Pacific Industries stock forecast for 2026?
Our models put fair value at 8.65 MYR, about 76% lower versus a price of 36.20 MYR (overvalued). Cautious scenario 8.38 MYR, optimistic scenario 9.38 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Malaysian Pacific Industries (3867)?
Malaysian Pacific Industries reported trailing-twelve-month revenue of about 2.6B MYR (latest available figure, as of Nov 7, 2026).
Does Malaysian Pacific Industries pay a dividend?
Malaysian Pacific Industries currently shows a dividend yield of 1.10% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Malaysian Pacific Industries (3867) and when is the ex-dividend date?
Malaysian Pacific Industries pays a dividend of 0.4 MYR per share a year, a dividend yield of 1.1%. The last ex-dividend date was May 19, 2026. A dividend has been paid every year since at least 1994. The payout ratio is 42.1% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Malaysian Pacific Industries (3867)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Malaysian Pacific Industries it is 8.65 MYR per share (as of Nov 7, 2026), against a price of 36.20 MYR. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Malaysian Pacific Industries stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 3867 trades above its calculated fair value: price 36.20 MYR, fair value 8.65 MYR, a gap of about −76% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 3867?
No. The price is what the market pays today (36.20 MYR); the fair value is what the company's own numbers justify (8.65 MYR). For Malaysian Pacific Industries the two are 27.55 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Malaysian Pacific Industries worth?
The market values Malaysian Pacific Industries at about 7.0B MYR (market capitalisation, as of Nov 7, 2026). Per share that is 36.20 MYR; our models calculate a fair value of 8.65 MYR per share.
What do the bullish and bearish scenarios say about 3867?
Our models span a range for Malaysian Pacific Industries: cautious scenario 8.38 MYR, base 8.65 MYR, optimistic 9.38 MYR per share (as of Nov 7, 2026, price 36.20 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3867?
Malaysian Pacific Industries trades at a price-to-earnings ratio of 38.3 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 8.65 MYR is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings, FY2026 ex one-offs: 22.2. Other multiples: PEG 1.0, P/B 3.2, P/S 3.5, EV/EBITDA 15.6.
What is the PEG ratio of 3867?
The PEG ratio of Malaysian Pacific Industries is 0.96 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Malaysian Pacific Industries (3867)?
Balance-sheet figures for Malaysian Pacific Industries (as of Nov 7, 2026): return on equity 9.8%, debt of 0.09 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 3867 from its 52-week high?
Malaysian Pacific Industries trades at 36.20 MYR, about 27% below its 52-week high of 49.90 MYR and 29% above the low of 28.12 MYR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 8.65 MYR is for.
Which stocks are comparable to Malaysian Pacific Industries?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Malaysian Pacific Industries stock attractive at the current price?
The data as of Nov 7, 2026: price 36.20 MYR, calculated fair value 8.65 MYR (−76%), Quality Score 60/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 3867 calculated?
We run Malaysian Pacific Industries through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 8.65 MYR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Malaysian Pacific Industries itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Malaysian Pacific Industries (3867)?
The closing price on Nov 6, 2026 was 36.20 MYR. Our model-based fair value is 8.65 MYR, about 76% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Malaysian Pacific Industries right now?
The price sits above even our optimistic bull case (9.38 MYR). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (8.38 MYR to 9.38 MYR), unusually little disagreement for a valuation.
Where does the earnings growth of Malaysian Pacific Industries (3867) come from?
Earnings per share at Malaysian Pacific Industries grew +1.0 % a year from 2015 to 2026. Broken into its drivers: revenue per share +4.6 %, EBIT margin −4.2 %, tax rate +0.2 %, residual (interest, one-offs) +0.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Malaysian Pacific Industries
How large is the market capitalisation of Malaysian Pacific Industries (3867)?
The market capitalisation of Malaysian Pacific Industries is 7.0B MYR (≈ $1.7B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Malaysian Pacific Industries (3867)?
The price-to-sales ratio of Malaysian Pacific Industries is 3.50 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Malaysian Pacific Industries (3867)?
Earnings per share at Malaysian Pacific Industries are 0.9457 MYR (price ÷ EPS = P/E 38.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Malaysian Pacific Industries (3867)?
The dividend yield of Malaysian Pacific Industries is 1.1% (payout 42.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Malaysian Pacific Industries (3867)?
The net margin of Malaysian Pacific Industries is 7.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Malaysian Pacific Industries (3867)?
The return on equity (ROE) of Malaysian Pacific Industries is 9.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Malaysian Pacific Industries (3867)?
On an EBIT basis the return on assets of Malaysian Pacific Industries is 7.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Malaysian Pacific Industries (3867)?
The operating margin of Malaysian Pacific Industries is 7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Malaysian Pacific Industries (3867)?
Revenue at Malaysian Pacific Industries is growing +30.8% versus a year earlier (3y avg +9.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Malaysian Pacific Industries (3867)?
Earnings per share at Malaysian Pacific Industries are growing +1.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Malaysian Pacific Industries (3867) generate?
The free cash flow of Malaysian Pacific Industries is −131M MYR (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Malaysian Pacific Industries (3867) hold?
Malaysian Pacific Industries holds more cash than debt, 515M MYR net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Nov 7, 2026