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STOCK COMPARISON

Hengyuan Refining Company Bhd vs CBRE Group Inc Class A: Fair Value & Quality

Both stocks run through our valuation models. Here is how Hengyuan Refining Company Bhd (4324) and CBRE Group Inc Class A (CBRE) compare, as of Sep 2, 2026.

As of Sep 2, 2026, Fair Value Calculator sees Hengyuan Refining Company Bhd as the more attractively valued of the two: Hengyuan Refining Company Bhd trades at MYR 2.53 versus a fair value of MYR 3.44 (+36%), while CBRE Group Inc Class A trades at $144 versus $69.47 (-52%).
Hengyuan Refining Company Bhd
4324.KLSE · MYR · Energy
+36%
upside to fair value
undervalued
PriceMYR 2.53
Fair ValueMYR 3.44
Quality43/100
CBRE Group Inc Class A
CBRE · USD · Real Estate
-52%
upside to fair value
overvalued
Price$144
Fair Value$69.47
Quality54/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Hengyuan Refining Company BhdCBRE Group Inc Class A
Valuation
3.2×P/E (TTM)31.9×
0.05×P/S (TTM)0.97×
0.72×P/B4.60×
EV/EBITDA20.0×
PEG0.74×
+36.0%Fair value upside−51.9%
Dividend yield0.0%
Profitability
12%Operating margin3%
EBIT margin trend (5Y)0.78×
36%Return on equity16%
8%Return on assets3%
Growth
93%Revenue growth (YoY)19%
-14.6%Avg. growth/yr (3Y)9.6%
12.9%Avg. growth/yr (5Y)11.2%
Value creation/yr+3.0%
Balance & size
Interest coverage (EBIT/interest)5.8×
0.17×Debt / equity0.57×
$205MMarket cap$41B
weakGrowth qualityhealthy
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

Hengyuan Refining Company Bhd leads: 5 to 2 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Hengyuan Refining Company Bhdof which business quality 40 · market factors 85 CBRE Group Inc Class Aof which business quality 53 · market factors 43
ProfitabilityMargins and returns on capital today
21
49
Quality GrowthAre margins and returns improving?
37
33
CashflowEarnings quality: real cash, not paper profit
36
44
Fin. StrengthBalance sheet, leverage, solvency risk
61
38
InvestmentDisciplined investing over empire-building
100
69
Low VolatilityCalm price path (market factor)
50
54
MomentumPrice trend over the last 3–12 months (market factor)
100
43
52W MomentumDistance to the 52-week high (market factor)
100
32
Net IssuanceBuybacks instead of dilution
0
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyHengyuan Refining Company BhdPrice MYR 2.53CBRE Group Inc Class APrice $144
DCF Models+48%above the priceMYR 3.75-35%below the price$94.30
Dividend Discountn/a-99%below the price$0.81
Multiples+20%above the priceMYR 3.03-54%below the price$67.17
Asset-Based-49%below the priceMYR 1.28-86%below the price$20.31
Growth DCF+56%above the priceMYR 3.94-46%below the price$77.97
Economic Profitn/a-75%below the price$36.48
Minimum-49%below the priceMYR 1.28-99%below the price$0.81
Maximum+56%above the priceMYR 3.94-35%below the price$94.30
Median+34%above the priceMYR 3.39-64%below the price$51.83
Geometric mean+9%close to the priceMYR 2.75-82%below the price$25.79

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Hengyuan Refining Company Bhd: 3 of 10 models see the stock below the current price.

CBRE Group Inc Class A: 16 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Hengyuan Refining Company Bhd
Bear MYR 2.15Fair Value MYR 3.44Bull MYR 3.44
MYR 2.53 = current price (white tick)
CBRE Group Inc Class A
Bear $40.20Fair Value $69.47Bull $93.77
$144 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Hengyuan Refining Company Bhd · Energy

Quality score43 · below median
Fair value upside+36% · Top 25%

CBRE Group Inc Class A · Real Estate

Quality score54 · above median
Fair value upside-52% · bottom 25%

Bottom line

As of Sep 2, 2026, Fair Value Calculator sees Hengyuan Refining Company Bhd as the more attractively valued of the two: Hengyuan Refining Company Bhd trades at MYR 2.53 versus a fair value of MYR 3.44 (+36%), while CBRE Group Inc Class A trades at $144 versus $69.47 (-52%).

CBRE Group Inc Class A has the higher quality score (54/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.