PBA Holdings (5041) Fair Value & Analysis
Utilities · MY · Market cap 655M MYR
Fair value as of: Jul 15, 2026
From 16 valuation models · updated 26 days ago
Share price +5.6% over the past month.
Below-average quality, screening 145% undervalued on our models.
What matters now
- The price is below even our cautious bear case (3.47 MYR). The market is more pessimistic than our downside scenario.
- Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (3.47 MYR to 6.45 MYR) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.
How to read this chart
60‑month range 0.6265 MYR – 2.69 MYR · fair‑value band 3.47 MYR – 6.45 MYR · the 2.08 MYR price screens below the 5.09 MYR fair value. Dashed = 300-day average. As of Jul 15, 2026.
Analysis
PBA Holdings (5041) currently trades at 2.08 MYR, while our model-based Fair Value estimate is 5.09 MYR, implying the stock looks roughly 144.7% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, PBA Holdings generated revenue of 590M MYR at a net margin of 22.9%. Revenue grew 17.2% year over year. It earns a return on equity of 11.8%. The stock trades on a trailing P/E of 5.0. Fundamentals as of Jul 15, 2026
Our scenario range runs from 3.47 MYR (bear case) to 6.45 MYR (bull case); at 2.08 MYR, the current price sits below 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 about 1% below its 52-week high and 16% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -10% fair-value upside, at 145%, 5041 screens cheaper 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.
All 16 models by family
Widest divergence: Multiples (5.88 MYR) versus Dividend Discount (0.5800 MYR). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 68
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
PBA Holdings Bhd, an investment holding company, operates as a water supplier in Malaysia. The company involved in the abstraction of raw water; treatment of water; and supply and sale of treated water to consumers and related services. It also provides training facilities, education, and other non-water related services.
Full company description
PBA Holdings Bhd, an investment holding company, operates as a water supplier in Malaysia. The company involved in the abstraction of raw water; treatment of water; and supply and sale of treated water to consumers and related services. It also provides training facilities, education, and other non-water related services. PBA Holdings Bhd was incorporated in 2000 and is based in Georgetown, Malaysia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PBA Holdings reported revenue of 568M MYR in FY2025 versus 309M MYR in FY2021, a compound +16.4%/yr. Reported net income was 115M MYR in FY2025, compounding +60.4%/yr from FY2021.
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Peer Group
Utilities - Regulated Water · 67 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.
Valuation Multiples vs Utilities - Regulated Water median · lower = cheaper
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.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Regulated Water stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| American Water Works Company AWK | $134.33 | $65.80 | -51% |
| SBSP3 SBSP3 | R$29.22 | R$31.23 | +7% |
| SBS SBS | $5.79 | $5.21 | -10% |
| Essential Utilities, Inc WTRG | $38.59 | $21.81 | -43% |
| CSMG3 CSMG3 | R$66.10 | R$60.17 | -9% |
| Grandblue Environment Co 600323 | ¥29.42 | ¥33.29 | +13% |
| American States Water Company AWR | $85.01 | $48.02 | -44% |
| Chengdu Xingrong Environment Co 000598 | ¥6.97 | ¥10.74 | +54% |
| California Water Service Group CWT | $49.73 | $33.56 | -33% |
| Chongqing Water Group 601158 | ¥4.12 | ¥2.77 | -33% |
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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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