Ajiya Bhd (7609) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Ajiya Bhd stock MYR 0.68, price MYR 0.96, that is 29.2% below the price, quality 45 out of 100. Rating: overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
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Ajiya Bhd
7609 · KLSEOur calculation puts a fair price 29% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 0.2502 MYR – 1.24 MYR · fair‑value band 0.6100 MYR – 0.7700 MYR · the 0.9600 MYR price screens above the 0.6800 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
Ajiya Berhad, an investment holding company, manufactures and trades in roofing materials and various glasses in Malaysia and Thailand. It operates through Metal and Glass divisions.
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The company offers metal roofing system, PU green series, steel truss system, structural products, metal door and window frame, metal sunshade/louvres, metal ceiling, metal tiles, industrial metal roofing sheets, wall claddings, metal frame, architectural products, and IBS-aligned building solutions.
It also provides tempered glass, laminated glass, low-e coated glass, and insulated glass units (IGU) for architectural and construction applications; and decorative safety glass, security safety and storm protection safety glass, heat strengthened glass, curved tempered safety glass and attoch products for industrial, commercial, recreational, office, and residential buildings, as well as furniture and white goods.
In addition, the company manufactures, trades in, and markets metal roll forming products; manufactures and sells metal, zinc, and aluminum products for roof building, ceiling, building materials, and other similar products.
Further, it is involved in the property holding activities; trading of building materials; and retail sale of construction materials, hardware, paints, and glass. It offers its products under the AJIYA brand name. The company was incorporated in 1990 and is based in Segamat, Malaysia.
Ajiya Berhad operates as a subsidiary of Chin Hin Group Berhad.
Stock analysis
Ajiya Bhd (7609) currently trades at 0.9600 MYR, while our model-based Fair Value estimate is 0.6800 MYR, 29% 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 1.43 MYR per share, and 7 of the 15 models we run sit above the 0.9600 MYR price.
Bear case: the Asset-Based group reads lowest at 0.4000 MYR, and 8 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.6100 MYR (bear) to 0.7700 MYR (bull), the price of 0.9600 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 45/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Ajiya Bhd reported revenue of 306M MYR in FY2025 versus 269M MYR in FY2021, a compound +3.4%/yr. Reported net income was 37.6M MYR in FY2025, compounding +21.0%/yr from FY2021.
Key figures
Market cap 526M MYR (≈ $130M) Micro · P/E ratio 19.2 · P/S ratio 2.35 · EPS (TTM) 0.0500 MYR · Dividend yield 4.2% · Net margin 12.3% · Return on equity 5.8% · Return on assets (EBIT) 7.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −29%, 7609 screens cheaper than that median.
Fair Value models
All 15 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
Compare Ajiya Bhd 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.Building Products & Equipment · 255 stocks
Valuation Multiplesvs Building Products & Equipment 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)
- Dividend yield by industry
- EV/EBITDA by industry
- Piotroski F-Score screener 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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Compagnie de Saint-Gobain S.A SGO | €74.10 | €93.79 | +27% | vs 7609 |
| Carlisle Companies Incorporated CSL | $375.74 | $347.14 | −8% | vs 7609 |
| Madison Air Solutions Corporation MAIR | $23.04 | $20.32 | −12% | vs 7609 |
| Kingspan Group KRX | €95.15 | €68.99 | −27% | vs 7609 |
| Masco Corporation MAS | $82.22 | $56.97 | −31% | vs 7609 |
| Trane Technologies plc TT | $401.76 | $223.94 | −44% | vs 7609 |
| Johnson Controls International plc JCI | $135.03 | $73.99 | −45% | vs 7609 |
| Geberit AG GEBN | CHF 580.00 | CHF 303.40 | −48% | vs 7609 |
| Carrier Global Corporation CARR | $52.38 | $19.35 | −63% | vs 7609 |
| BELIMO Holding BEAN | CHF 727.00 | CHF 236.88 | −67% | vs 7609 |
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Key figures of Ajiya Bhd
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