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Public Bank Berhad (1295) Fair Value & Analysis

Financial Services · MY · Market cap 94.9B MYR

PB Public Bank Berhad 1295 · KLSE
Price5.18 MYR
Fair Value4.84 MYR
Upside-6.6%
Quality64/100
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Mixed Growth
Highly profitable · 49.2% net margin
Low debt · generates free cash flow
4.64% dividend yield
Ranks above peers (11/15)
Wide moat 68/100
Evidence: High Range 3.63 MYR – 6.05 MYR Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 27 days ago

Share price +5.5% over the past month.

A solid business, currently priced close to our fair value.

What matters 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.
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Price vs Fair Value (5 years)

5.28 MYR 3.15 MYR Fair Value 4.84 MYR Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range 3.15 MYR – 5.28 MYR · fair‑value band 3.63 MYR – 6.05 MYR · the 5.18 MYR price screens above the 4.84 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Public Bank Berhad (1295) currently trades at 5.18 MYR, while our model-based Fair Value estimate is 4.84 MYR, implying the stock looks roughly 6.6% fairly valued today. We read business quality at 64/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Public Bank Berhad generated revenue of 14.7B MYR at a net margin of 49.2%. Revenue grew 1.0% year over year. It earns a return on equity of 12.3%. The balance sheet holds a net cash position of 7.7B MYR. Fundamentals as of Jul 11, 2026

Our scenario range runs from 3.63 MYR (bear case) to 6.05 MYR (bull case); at 5.18 MYR, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 31% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -7%, 1295 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 2.03 MYR 2.87 MYR 4.06 MYR 80
Residual Income 2.87 MYR 3.35 MYR 5.85 MYR 76
Rev-Margin DCF 2.12 MYR 3.30 MYR 4.61 MYR 74
All 26 models by family
DCF Models
FCF DCF 1.99 MYR 2.92 MYR 4.30 MYR 38
Owner Earnings 4.25 MYR 6.33 MYR 9.39 MYR 31
5Y Revenue Exit 2.12 MYR 3.30 MYR 4.77 MYR 39
5Y EBITDA Exit 3.60 MYR 6.00 MYR 8.75 MYR 41
5Y P/E Exit 3.96 MYR 6.66 MYR 9.43 MYR 38
10Y Revenue Exit 1.99 MYR 3.04 MYR 4.40 MYR 36
10Y EBITDA Exit 2.99 MYR 4.89 MYR 7.37 MYR 37
10Y P/E Exit 3.22 MYR 5.34 MYR 7.88 MYR 35
Earnings-Based
Graham-Dodd 2.53 MYR 6.94 MYR 9.11 MYR 54
Lynch FV 1.38 MYR 1.97 MYR 2.56 MYR 50
PEG = 1.0 1.38 MYR 1.97 MYR 2.56 MYR 46
EPV 3.75 MYR 4.36 MYR 4.89 MYR 59
Dividend Discount
Gordon GGM 2.05 MYR 4.25 MYR 6.75 MYR 70
DDM Multi-Stage 2.05 MYR 3.21 MYR 4.44 MYR 61
Multiples
P/E Multiple 5.58 MYR 7.44 MYR 9.30 MYR 63
P/S Multiple 2.35 MYR 3.14 MYR 3.92 MYR 58
P/B Multiple 4.75 MYR 6.33 MYR 7.91 MYR 55
EV/EBIT 6.75 MYR 8.96 MYR 11.17 MYR 53
EV/EBITDA 5.07 MYR 6.72 MYR 8.37 MYR 54
EV/Revenue 2.32 MYR 3.26 MYR 4.20 MYR 43
Asset-Based
NCAV (Graham) 1.54 MYR 2.07 MYR 3.09 MYR 50
Growth DCF
Growth DCF 2.03 MYR 2.87 MYR 4.06 MYR 80
Rev-Margin DCF 2.12 MYR 3.30 MYR 4.61 MYR 74
Economic Profit
Residual Income 2.87 MYR 3.35 MYR 5.85 MYR 76
ROIC Compounder 3.88 MYR 4.83 MYR 5.96 MYR 72
Growth Earnings
Growth-Adj P/E 4.45 MYR 6.35 MYR 8.26 MYR 68

Widest divergence: Growth Earnings (6.35 MYR) versus Earnings-Based (1.97 MYR). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 14.7B MYR
Revenue growth (YoY) +1.0%
Net margin 49.2%
Return on equity 12.3%
Free cash flow 3.3B MYR FY2025
P/E ratio 13.2
More key figures
Operating margin 63.9%
EPS (TTM) 0.3700 MYR
Dividend yield 4.6%
EPS growth (YoY) +0.4%
Net cash 7.7B MYR FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 49 · Market factors (momentum, volatility) 75

Profitability 36
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 98
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Public Bank Berhad provides banking products and services. The company operates through Hire Purchase, Retail Operations, Corporate Lending, Treasury and Capital Market Operations, Investment Banking, Fund Management, and General Insurance segments. Its deposit products include savings, current, fixed deposit, foreign currency, and safe deposit box services.

Full company description

Public Bank Berhad provides banking products and services. The company operates through Hire Purchase, Retail Operations, Corporate Lending, Treasury and Capital Market Operations, Investment Banking, Fund Management, and General Insurance segments. Its deposit products include savings, current, fixed deposit, foreign currency, and safe deposit box services. The company's loan portfolio comprises home, SWIFT, working capital, SME, and other loans; overdrafts; project and vehicle financing; PB retail negotiable instruments of deposit; and credit guarantee corporation guarantee schemes and BNM funds. The company also offers Islamic banking, shares and securities brokerage, trustee services, nominee services, unit trust funds sales and management, bancassurance, and general insurance products and services. In addition, it offers mobile, internet, and self-service banking services; credit and debit card, and remittance services; investment products and services, such as structured product investment and share trading/margin financing; securities dealing and underwriting services; taxi licenses; and trades in taxi cabs, as well as leases taxis. Further, the company provides insurance products, including single premium investment-linked, family and savings, and credit life insurance products. The company operates through a network of branches and self-service terminals in Malaysia, Hong Kong, the People's Republic of China, Cambodia, Vietnam, Laos, Singapore, and Sri Lanka. It serves retail consumers, and small and medium enterprises. The company was incorporated in 1965 and is headquartered in Kuala Lumpur, Malaysia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Public Bank Berhad reported revenue of 24.3B MYR in FY2025 versus 17.7B MYR in FY2021, a compound +8.3%/yr. Reported net income was 7.2B MYR in FY2025, compounding +6.3%/yr from FY2021.

Growth Quality 72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
24.3B MYR
Latest YoY
+3.9%
Avg. growth/yr (3Y)
+8.2%
Avg. growth/yr (5Y)
+5.9%
Avg. growth/yr (20Y)
+7.4%
Revenue +8.3%/yr
FY21 17.7B MYR
FY22 19.2B MYR
FY23 22.1B MYR
FY24 23.4B MYR
FY25 24.3B MYR
Net income +6.3%/yr
FY21 5.7B MYR
FY22 6.1B MYR
FY23 6.6B MYR
FY24 7.1B MYR
FY25 7.2B MYR

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Cite: Fair Value Calculator (2026). "Public Bank Berhad Fair Value". https://www.fairvalue-calculator.com/stock/1295

Peer Group

Banks - Regional · 1082 stocks

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.

Quality Score 63 · Above median
Fair Value upside −7% · Below median
Return on equity (TTM) 12% · Above median
Return on assets 1% · Above median
Net margin (TTM) 49% · Top 25%
Operating margin (TTM) 64% · Top 25%
Revenue growth 1% · Below median
Dividend yield (TTM) 4.6% · Top 25%
Debt / equity 0.31× · Higher than median

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 13.2× · Pricier than median
P/B 0.39× · Cheaper than 75% of peers
P/S (TTM) 1.58× · Cheaper than 75% of peers
P/FCF 7.1× · Cheaper than median
EV/EBITDA 2.1× · Cheaper than 75% of peers
PEG 1.33× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 25 · sector 39
FUTURE 5 · sector 44
PAST 49 · sector 41
HEALTH 84 · sector 85
DIVIDEND 93 · sector 49

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Public Bank Berhad (1295) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of 4.84 MYR versus a price of 5.18 MYR, about −7% (fairly valued).
What is the fair value of 1295?
Our model-based fair value for Public Bank Berhad is 4.84 MYR (as of Jul 11, 2026), built from audited fundamentals. The current price is 5.18 MYR.
What is the quality score of 1295?
Public Bank Berhad has a Quality Score of 64/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Public Bank Berhad (1295)?
Public Bank Berhad reported trailing-twelve-month revenue of about 14.7B MYR (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 1295?
The net profit margin of Public Bank Berhad is about 49.2%, meaning it keeps roughly 49.2% of revenue as net income. Based on the latest reported figures.
Does Public Bank Berhad pay a dividend?
Public Bank Berhad currently shows a dividend yield of about 4.71% relative to its recent price (as of Jul 11, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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