Pekat Group Bhd (0233) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Pekat Group Bhd MYR 1.78, price MYR 2.64, upside -32.6%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range 0.3744 MYR – 2.64 MYR · fair‑value band 0.6800 MYR – 2.23 MYR · the 2.64 MYR price screens above the 1.78 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Pekat Group Berhad, together with its subsidiaries, engages in the design, supply, and installation of solar photovoltaic systems and power plants in Malaysia.
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Pekat Group Berhad, together with its subsidiaries, engages in the design, supply, and installation of solar photovoltaic systems and power plants in Malaysia. It supplies and installs earthing and lighting protection systems for buildings, facilities, and structures, as well as acts as a specialist subcontractors for earthing and lightning protection systems to contractors or mechanical and electrical contractors. The company distributes electrical products and accessories, including earthing and lightning related products, solar photovoltaic related products, surge protection devices, and aviation warning light systems, as well as engages in manufacture, engineering and project activities, and provision of a range of products and services to the generation, transmission, and distribution sectors. The company was incorporated in 1999 and is based in Petaling Jaya, Malaysia.
Stock analysis
Pekat Group Bhd (0233) currently trades at 2.64 MYR, while our model-based Fair Value estimate is 1.78 MYR, implying the stock looks roughly 48.3% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 3.21 MYR per share, and 4 of the 26 models we run sit above the 2.64 MYR price.
Bear case: the Asset-Based group reads lowest at 0.2900 MYR, and 22 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.6800 MYR (bear) to 2.23 MYR (bull), the price of 2.64 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 47/100 (below-average quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Pekat Group Bhd reported revenue of 610M MYR in FY2025 versus 179M MYR in FY2021, a compound +35.9%/yr. Reported net income was 45.1M MYR in FY2025, compounding +37.3%/yr from FY2021.
Key figures
Market cap 1.9B MYR (≈ $457M) · P/E ratio 37.7 · P/S ratio 2.79 · EPS (TTM) 0.0700 MYR · Dividend yield 0.4% · Net margin 7.4% · Return on equity 17.1% · Return on assets (EBIT) 8.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 136% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −33%, 0233 screens richer than that median.
Fair Value models
Bear 0.6800 MYRFair Value 1.78 MYRBull 2.23 MYR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0441 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.Evidence ⓘEvidence = 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+112.4%
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.
+50.4%
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.
+37.2%
Start year 2020 (pandemic)
Revenue growth 7 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.
+26.1%
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What shareholders gained per year (last 5 years), in MYR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+25.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.8%
Dividend (yield on the price)0.4%
Profit margin 2020 to 2025 ⓘ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.14% → 12%
2025 sits 200% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+33.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (Malaysia: IMF forecast 2.0% a year to 2030, 1.8% from 2016 to 2025) that is about +30.8% a year for the price and +6.0% for the forecasts.
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.Solar · 113 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Above median
Fair Value upside−26% · Below median
Profitability
Return on equity (TTM)17% · Top 25%
Return on assets8% · Top 25%
Net margin (TTM)7% · Above median
Operating margin (TTM)12% · Top 25%
Growth and dividend
Revenue growth12% · Above median
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity0.40× · Above median
Valuation Multiplesvs Solar median · lower = cheaper
P/E (TTM)37.7× · Pricier than median
P/B1.38× · Pricier than median
P/S (TTM)0.66× · Cheaper than median
P/FCF12.0× · Pricier than median
EV/EBITDA5.8× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 23
FUTURE (revenue growth)59· sector 0
PAST (return on equity)68· sector 0
HEALTH (low debt)80· sector 81
DIVIDEND (yield)8· sector 30
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.
Cite: Fair Value Calculator (2026). "Pekat Group Bhd Fair Value". https://www.fairvalue-calculator.com/stock/0233
Frequently asked questions
Is Pekat Group Bhd (0233) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 1.78 MYR versus a price of 2.64 MYR, about −33% upside (overvalued).
What is the fair value of 0233?
Our model-based fair value for Pekat Group Bhd is 1.78 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 2.64 MYR.
What is the quality score of 0233?
Pekat Group Bhd has a Quality Score of 47/100. 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 Pekat Group Bhd (0233)?
Our model-based price target is the fair value of 1.78 MYR (as of Sep 23, 2026) from 26 valuation models. Cautious scenario 0.6800 MYR, optimistic scenario 2.23 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Pekat Group Bhd stock forecast for 2026?
Our models put fair value at 1.78 MYR, about −33% upside versus a price of 2.64 MYR (overvalued). Cautious scenario 0.6800 MYR, optimistic scenario 2.23 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Pekat Group Bhd (0233)?
Pekat Group Bhd reported trailing-twelve-month revenue of about 627M MYR (latest available figure, as of Sep 23, 2026).
Does Pekat Group Bhd pay a dividend?
Pekat Group Bhd currently shows a dividend yield of about 0.38% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Pekat Group Bhd (0233)?
For today's price to be fair in a discounted-cash-flow model, Pekat Group Bhd would have to grow free cash flow by +33.4 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +37.2 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 0233 use?
Our models discount Pekat Group Bhd at 11.1 %: a base by market capitalisation (small), damped by beta 0.55, country premium for Malaysia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Pekat Group Bhd that is +33.4 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Pekat Group Bhd (0233) delivered so far?
Over the past 5 years revenue at Pekat Group Bhd grew +37.2 % a year. The price currently implies +33.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Pekat Group Bhd (0233) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Pekat Group Bhd (+33.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Pekat Group Bhd (0233)?
The free-cash-flow yield on the price is 1.86 %: that much free cash flow Pekat Group Bhd produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Pekat Group Bhd (0233)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pekat Group Bhd it is 1.78 MYR per share (as of Sep 23, 2026), against a price of 2.64 MYR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Pekat Group Bhd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 0233 trades above its calculated fair value: price 2.64 MYR, fair value 1.78 MYR, a gap of about −33% (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 0233?
No. The price is what the market pays today (2.64 MYR); the fair value is what the company's own numbers justify (1.78 MYR). For Pekat Group Bhd the two are 0.8600 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Pekat Group Bhd worth?
The market values Pekat Group Bhd at about 1.9B MYR (market capitalisation, as of Sep 23, 2026). Per share that is 2.64 MYR; our models calculate a fair value of 1.78 MYR per share.
What do the bullish and bearish scenarios say about 0233?
Our models span a range for Pekat Group Bhd: cautious scenario 0.6800 MYR, base 1.78 MYR, optimistic 2.23 MYR per share (as of Sep 23, 2026, price 2.64 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0233?
Pekat Group Bhd trades at a price-to-earnings ratio of 37.7 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1.78 MYR is built from several models across several years. Other multiples: P/B 1.4, P/S 0.7, EV/EBITDA 5.8.
How solid is the balance sheet of Pekat Group Bhd (0233)?
Balance-sheet figures for Pekat Group Bhd (as of Sep 23, 2026): return on equity 17.1%, debt of 0.40 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 0233 from its 52-week high?
Pekat Group Bhd trades at 2.64 MYR, at its 52-week high of 2.64 MYR and 136% above the low of 1.12 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 1.78 MYR is for.
Which stocks are comparable to Pekat Group Bhd?
From the same area (Technology) we also value First Solar, Inc, Nextpower Inc, Tongwei Co, Waaree Energies Limited, 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 Pekat Group Bhd stock attractive at the current price?
The data as of Sep 23, 2026: price 2.64 MYR, calculated fair value 1.78 MYR (−33%), Quality Score 47/100, from 26 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 0233 calculated?
We run Pekat Group Bhd through 26 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 1.78 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 13.2 % above its aggregate fair value. Pekat Group 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 Pekat Group Bhd (0233)?
The closing price on Sep 24, 2026 was 2.64 MYR. Our model-based fair value is 1.78 MYR, about −33% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pekat Group Bhd right now?
The price sits above even our optimistic bull case (2.23 MYR). The favourable scenario is already priced in. The model range is unusually wide (0.6800 MYR to 2.23 MYR). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Pekat Group Bhd
How large is the market capitalisation of Pekat Group Bhd (0233)?
The market capitalisation of Pekat Group Bhd is 1.9B MYR (≈ $457M). 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 Pekat Group Bhd (0233)?
The price-to-sales ratio of Pekat Group Bhd is 2.79 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Pekat Group Bhd (0233)?
Earnings per share at Pekat Group Bhd are 0.0700 MYR (price ÷ EPS = P/E 37.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Pekat Group Bhd (0233)?
The dividend yield of Pekat Group Bhd is 0.4% (payout 14.3%). 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 Pekat Group Bhd (0233)?
The net margin of Pekat Group Bhd is 7.4% (fiscal year 2025). 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 Pekat Group Bhd (0233)?
The return on equity (ROE) of Pekat Group Bhd is 17.1% (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 Pekat Group Bhd (0233)?
On an EBIT basis the return on assets of Pekat Group Bhd is 8.9% (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 Pekat Group Bhd (0233)?
The operating margin of Pekat Group Bhd is 11.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pekat Group Bhd (0233)?
Revenue at Pekat Group Bhd is growing +11.7% versus a year earlier (3y avg +50.4%). 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 Pekat Group Bhd (0233)?
Earnings per share at Pekat Group Bhd are growing −8.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Pekat Group Bhd (0233) carry?
The net debt of Pekat Group Bhd is 73.2M MYR (fiscal year 2025, ≈ 2.1 yrs of FCF). 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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