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Hong Leong Bank Bhd (5819) fair value: what the stock is really worth

As of Nov 5, 2026: fair value (intrinsic value) of Hong Leong Bank Bhd stock MYR 20.51, price MYR 22.20, that is 7.6% below the price, quality 44 out of 100. Rating: fairly valued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services MY · ISIN MYL5819OO007

HL Hong Leong Bank Bhd logo Broad data Nov 3, 2026

Hong Leong Bank Bhd

5819 · KLSE
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Highly profitable · 68.5% net margin (TTM)
5.0% dividend yield · Low payout
Ranks above peers (11/14)
Broad data
Fair value 20.51 MYR · Fairly valued (−7.6%)
Quality 44/100
Expensive Growth (revenue 5y +8.8 %/yr in MYR)
Wide moat 67/100 · thin data

Risks from the AI analysis

🚩Digital platforms contest customer ownership🚩Digital banks pressure retail deposits and margins

What runs behind every stock

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

Price vs Fair Value

25.47 MYR 15.20 MYR Fair Value 20.51 MYR Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range 15.20 MYR – 25.47 MYR · fair‑value band 18.30 MYR – 27.84 MYR · the 22.20 MYR price screens above the 20.51 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.

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Company profile

Hong Leong Bank Berhad operates as a financial services company in Malaysia and internationally. The company operates through Personal Financial Services, Business & Corporate Banking, Global Markets, Overseas/International Operations, and Other Operations segments.

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Its deposit products include current, savings, fixed deposit, salary, multi-currency, top yield, foreign currency, safe deposit boxes, and business flexi fixed and fixed deposit accounts.

The company also offers personal, property, auto, industrial hire purchase, business mortgage, term, working capital, and onshore foreign currency loans; credit cards; share margin, loan, share, and mortgage financing services; letters of credit; and overdrafts and revolving credit facilities, as well as refinancing.

In addition, it provides structured investments, unit trust, bonds, and foreign share trading services; and collection, shipping and bank guarantee, bankers' acceptance, trust receipt, invoice financing, export credit refinancing, foreign/domestic bills of exchange purchased, advance against trade, ebroking, remittance, and wealth and cash management services.

Further, the company offers motor, travel, home, life, personal accident, medical, card, investment linked, and safe deposit locker insurance products; payments, merchants, and online banking services; and agent and nominee, and ATM services, as well as invests in and manages properties.

Additionally, it offers Islamic banking services. The company was formerly known as MUI Bank Berhad and changed its name to Hong Leong Bank Berhad in January 1991. The company was incorporated in 1905 and is headquartered in Kuala Lumpur, Malaysia.

Hong Leong Bank Berhad is a subsidiary of Hong Leong Financial Group Berhad.

Stock analysis

Hong Leong Bank Bhd (5819) currently trades at 22.20 MYR, while our model-based Fair Value estimate is 20.51 MYR, so the stock looks roughly fairly valued today (gap 8.2%).

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Valuation

Bull case: the Multiples group reads highest at a median of 27.06 MYR per share, and 2 of the 6 models we run sit above the 22.20 MYR price.

Bear case: the Asset-Based group reads lowest at 12.95 MYR, and 4 of the 6 models stay below the price. Data coverage for this calculation is high.

Scenario range: 18.30 MYR (bear) to 27.84 MYR (bull), the price of 22.20 MYR sits inside 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 44/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Hong Leong Bank Bhd reported revenue of 11.4B MYR in FY2026 versus 7.5B MYR in FY2022, a compound +11.1%/yr. Reported net income was 4.5B MYR in FY2026, compounding +8.3%/yr from FY2022.

Key figures

Market cap 45.8B MYR (≈ $11.3B) Large · P/E ratio 10.1 · P/S ratio 6.92 · EPS (TTM) 2.20 MYR · Dividend yield 5.0% · Net margin 68.5% · Return on equity 11.2% · Return on assets (EBIT) 1.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).

What moves the price

The share trades about 13% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at −8%, 5819 screens cheaper than that median.

Fair Value models

Bear 18.30 MYR Fair Value 20.51 MYR Bull 27.84 MYR
Price 22.20 MYR · Downside -7.6%
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 (0.3888 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.
Best data coverage
Residual Income 18.30 MYR 20.51 MYR 26.41 MYR 76
Gordon GGM 8.81 MYR 17.95 MYR 27.84 MYR 66
DDM Multi-Stage 8.81 MYR 14.00 MYR 18.89 MYR 66
All 6 models by family
Dividend Discount
Gordon GGM 8.81 MYR 17.95 MYR 27.84 MYR 66
DDM Multi-Stage 8.81 MYR 14.00 MYR 18.89 MYR 66
Multiples
P/E Multiple 21.55 MYR 28.73 MYR 35.91 MYR 63
P/B Multiple 20.30 MYR 27.06 MYR 33.83 MYR 55
Asset-Based
NCAV (Graham) 9.67 MYR 12.95 MYR 19.33 MYR 54
Economic Profit
Residual Income 18.30 MYR 20.51 MYR 26.41 MYR 76

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Quality Score breakdown

Overall quality 44/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 35
How much profit the company makes from its sales and capital
Quality Growth 43
Are margins and returns getting better?
Cashflow 2
Do the profits arrive as real cash?
Financial strength 13
Debt, balance sheet and risk of trouble
Investment 79
Does it invest with discipline instead of growing at any price?
Low Volatility 93
How calm the share price moves, does not count
Price momentum 41
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 38
Distance to the 52-week high, does not count
New shares 81
Buys back shares or issues new ones?

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Revenue & earnings trend

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. 51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+2.5%
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.
+6.6%
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.
+8.8%
Start year 2021 (pandemic). Over 10 years: +3.9% a year
Revenue growth 11 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.
+4.1%
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.
+14.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.5%
Dividend (yield on the price)5.0%
Per share before 2015divided by the spin-off factor 1.0347
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.9.5% vs 7.7%, steady
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.46% → 45%
Pace: the 5-year rate starts in 2021 (pandemic)

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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.Banks - Regional · 1002 stocks

Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 44 · Bottom 25%
Fair Value upside −7.6% · Above median
Profitability
Return on equity (12 months) 11.2% · Above median
Return on assets 1.4% · Top 25%
Net margin (12 months) 68.5% · Top 25%
Operating margin (12 months) 63.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 10.9% · Above median
Dividend yield (12 months) 5.0% · Top 25%
Balance sheet
Debt / equity 0.17× · Below median

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 10.1× · Cheaper than median
P/B 1.10× · Cheaper than median
P/S (12 months) 6.92× · Priciest 25%
EV/EBITDA 7.5× · Cheaper than median
PEG 1.73× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)23 · sector 8
FUTURE (revenue growth)55 · sector 48
PAST (return on equity)45 · sector 43
HEALTH (low debt)92 · sector 85
DIVIDEND (yield)99 · sector 53

Context: sector, industry, market

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.

Stock Price Fair Value vs Fair Value Compare
Postal Savings Bank of China Co 601658 ¥5.52 ¥7.59 +38% vs 5819
China Merchants Bank Co 600036 ¥42.54 ¥52.73 +24% vs 5819
BNP Paribas SA BNP €91.94 €106.01 +15% vs 5819
Intesa Sanpaolo S.p.A ISP €6.27 €4.59 −27% vs 5819
UniCredit S.p.A UCG €77.18 €50.44 −35% vs 5819
Oversea-Chinese Banking Corporation O39 27.93 SGD 18.20 SGD −35% vs 5819
Mizuho Financial Group MFG $9.39 $5.90 −37% vs 5819
DBS Group D05 71.20 SGD 40.39 SGD −43% vs 5819
HDFC Bank Limited HDFCBANK ₹760.00 ₹406.39 −47% vs 5819
ICICI Bank Limited ICICIBANK ₹1,500 ₹615.63 −59% vs 5819

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Hong Leong Bank Bhd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Hong Leong Bank Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5819

Frequently asked questions

Is Hong Leong Bank Bhd (5819) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 20.51 MYR versus a price of 22.20 MYR, about 8% lower (fairly valued).
What is the fair value of 5819?
Our model-based fair value for Hong Leong Bank Bhd is 20.51 MYR (as of Nov 3, 2026), built from audited fundamentals. The current price: 22.20 MYR.
What is the quality score of 5819?
Hong Leong Bank Bhd has a Quality Score of 44/100. 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 Hong Leong Bank Bhd (5819)?
Our model-based price target is the fair value of 20.51 MYR (as of Nov 3, 2026) from 6 valuation models. Cautious scenario 18.30 MYR, optimistic scenario 27.84 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Hong Leong Bank Bhd stock forecast for 2026?
Our models put fair value at 20.51 MYR, about 8% lower versus a price of 22.20 MYR (fairly valued). Cautious scenario 18.30 MYR, optimistic scenario 27.84 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Hong Leong Bank Bhd (5819)?
Hong Leong Bank Bhd reported trailing-twelve-month revenue of about 6.6B MYR (latest available figure, as of Nov 3, 2026).
Does Hong Leong Bank Bhd pay a dividend?
Hong Leong Bank Bhd currently shows a dividend yield of 4.95% relative to its recent price (as of Nov 3, 2026).
What is the intrinsic value of Hong Leong Bank Bhd (5819)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hong Leong Bank Bhd it is 20.51 MYR per share (as of Nov 3, 2026), against a price of 22.20 MYR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Hong Leong Bank Bhd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 5819 trades above its calculated fair value: price 22.20 MYR, fair value 20.51 MYR, a gap of about −8% (fairly valued). 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 5819?
No. The price is what the market pays today (22.20 MYR); the fair value is what the company's own numbers justify (20.51 MYR). For Hong Leong Bank Bhd the two are 1.69 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Hong Leong Bank Bhd worth?
The market values Hong Leong Bank Bhd at about 45.8B MYR (market capitalisation, as of Nov 3, 2026). Per share that is 22.20 MYR; our models calculate a fair value of 20.51 MYR per share.
What do the bullish and bearish scenarios say about 5819?
Our models span a range for Hong Leong Bank Bhd: cautious scenario 18.30 MYR, base 20.51 MYR, optimistic 27.84 MYR per share (as of Nov 3, 2026, price 22.20 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5819?
Hong Leong Bank Bhd trades at a price-to-earnings ratio of 10.1 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 20.51 MYR is built from several models across several years. Other multiples: PEG 1.7, P/B 1.1, P/S 6.9, EV/EBITDA 7.5.
What is the PEG ratio of 5819?
The PEG ratio of Hong Leong Bank Bhd is 1.73 (P/E divided by earnings growth, as of Nov 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Hong Leong Bank Bhd (5819)?
Balance-sheet figures for Hong Leong Bank Bhd (as of Nov 3, 2026): return on equity 11.2%, debt of 0.17 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 5819 from its 52-week high?
Hong Leong Bank Bhd trades at 22.20 MYR, about 13% below its 52-week high of 25.47 MYR and 8% above the low of 20.47 MYR (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of 20.51 MYR is for.
Which stocks are comparable to Hong Leong Bank Bhd?
From the same area (Financial Services) we also value China Merchants Bank Co, DBS Group, UniCredit S.p.A, Mizuho Financial Group, 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 Hong Leong Bank Bhd stock attractive at the current price?
The data as of Nov 3, 2026: price 22.20 MYR, calculated fair value 20.51 MYR (−8%), Quality Score 44/100, from 6 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 5819 calculated?
We run Hong Leong Bank Bhd through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 20.51 MYR, 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 15.5% above its aggregate fair value. Hong Leong Bank Bhd 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 Hong Leong Bank Bhd (5819)?
The closing price on Nov 5, 2026 was 22.20 MYR. Our model-based fair value is 20.51 MYR, about 8% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hong Leong Bank Bhd right 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.
Where does the earnings growth of Hong Leong Bank Bhd (5819) come from?
Earnings per share at Hong Leong Bank Bhd grew +7.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +3.4 %, EBIT margin +3.6 %, tax rate +0.2 %, residual (interest, one-offs) +0.2 %. 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 Hong Leong Bank Bhd

How large is the market capitalisation of Hong Leong Bank Bhd (5819)?
The market capitalisation of Hong Leong Bank Bhd is 45.8B MYR (≈ $11.3B). 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 Hong Leong Bank Bhd (5819)?
The price-to-sales ratio of Hong Leong Bank Bhd is 6.92 (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 Hong Leong Bank Bhd (5819)?
Earnings per share at Hong Leong Bank Bhd are 2.20 MYR (price ÷ EPS = P/E 10.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hong Leong Bank Bhd (5819)?
The dividend yield of Hong Leong Bank Bhd is 5.0% (payout 50.0%). 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 Hong Leong Bank Bhd (5819)?
The net margin of Hong Leong Bank Bhd is 68.5% (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 Hong Leong Bank Bhd (5819)?
The return on equity (ROE) of Hong Leong Bank Bhd is 11.2% (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 Hong Leong Bank Bhd (5819)?
On an EBIT basis the return on assets of Hong Leong Bank Bhd is 1.7% (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 Hong Leong Bank Bhd (5819)?
The operating margin of Hong Leong Bank Bhd is 63.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hong Leong Bank Bhd (5819)?
Revenue at Hong Leong Bank Bhd is growing +10.9% versus a year earlier (3y avg +6.6%). 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 Hong Leong Bank Bhd (5819)?
Earnings per share at Hong Leong Bank Bhd are growing +14.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hong Leong Bank Bhd (5819) generate?
The free cash flow of Hong Leong Bank Bhd is −596M 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 debt does Hong Leong Bank Bhd (5819) carry?
The net debt of Hong Leong Bank Bhd is 8.0B MYR (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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