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Paradigm Real Estate Investment Trust (5338) Fair Value & Analysis

Real Estate · MY · Market cap 1.5B MYR

PR Paradigm Real Estate Investment Trust 5338 · KLSE
Price0.9100 MYR
Fair Value0.4400 MYR
Upside-51.7%
Quality46/100
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Weak Growth
Highly profitable · 67.6% net margin
Moderate debt
7.53% dividend yield
Mixed vs. peers (6/12)
Wide moat 65/100
Evidence: Medium Range 0.3300 MYR – 0.5600 MYR Share as image

Fair value as of: Jul 12, 2026

From 6 valuation models · updated 29 days ago

Share price −2.2% over the past month.

Below-average quality, and screening another 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (0.5600 MYR). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (14 months)

1.02 MYR 0.8726 MYR Fair Value 0.4400 MYR Jun 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 12, 2026.

How to read this chart

14‑month range 0.8726 MYR – 1.02 MYR · fair‑value band 0.3300 MYR – 0.5600 MYR · the 0.9100 MYR price screens above the 0.4400 MYR fair value. As of Jul 12, 2026.

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Analysis

Paradigm Real Estate Investment Trust (5338) currently trades at 0.9100 MYR, while our model-based Fair Value estimate is 0.4400 MYR, implying the stock looks roughly 51.7% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Real Estate 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: medium).

Over the trailing twelve months, Paradigm Real Estate Investment Trust generated revenue of 227M MYR at a net margin of 67.6%. It earns a return on equity of 9.4%. Net debt stands at 730M MYR. The stock trades on a trailing P/E of 15.8. Fundamentals as of Jul 12, 2026

Our scenario range runs from 0.3300 MYR (bear case) to 0.5600 MYR (bull case); at 0.9100 MYR, the current price sits above 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 12% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -22% fair-value upside, at -52%, 5338 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 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
Highest evidence
Residual Income 0.7600 MYR 0.7600 MYR 0.6800 MYR 61
P/S Multiple 0.3300 MYR 0.4400 MYR 0.5500 MYR 58
P/B Multiple 0.7100 MYR 0.9500 MYR 1.19 MYR 55
All 6 models by family
Multiples
P/S Multiple 0.3300 MYR 0.4400 MYR 0.5500 MYR 58
P/B Multiple 0.7100 MYR 0.9500 MYR 1.19 MYR 55
EV/EBIT 0.1500 MYR 0.3500 MYR 0.5600 MYR 53
EV/Revenue 0.0200 MYR 0.1600 MYR 43
Asset-Based
NCAV (Graham) 0.5300 MYR 0.7000 MYR 1.05 MYR 50
Economic Profit
Residual Income 0.7600 MYR 0.7600 MYR 0.6800 MYR 61

Widest divergence: Economic Profit (0.7600 MYR) versus Multiples (0.3500 MYR). Highest evidence: Residual Income (61).

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Key figures & financial health

Revenue (TTM) 227M MYR
Net margin 67.6%
Return on equity 9.4%
P/E ratio 15.8
Operating margin 58.7%
EPS (TTM) 0.0600 MYR
More key figures
Dividend yield 7.4%
Net debt 730M MYR FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 43 · Market factors (momentum, volatility) 53

Profitability 34
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 29
Distance to the 52-week high (market factor)

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

Paradigm Real Estate Investment Trust operates as a real estate investment trust that invests in a portfolio of real estate assets. Its assets are used for retail, commercial, office, industrial, and hospitality purposes, as well as other non-real estate purposes. The company is based in Petaling Jaya, Malaysia.

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

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Paradigm Real Estate Investment Trust reported revenue of 108M MYR in FY2025 versus 158M MYR in FY2022, a compound −11.8%/yr. Reported net income was 89.5M MYR in FY2025, compounding +16.4%/yr from FY2022.

Growth Quality 25/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
108M MYR
Latest YoY
−50.3%
Avg. growth/yr (3Y) 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.
−11.8%
Revenue −11.8%/yr
FY22 158M MYR
FY23 188M MYR
FY24 218M MYR
FY25 108M MYR
Net income +16.4%/yr
FY22 56.8M MYR
FY23 68.4M MYR
FY24 97.7M MYR
FY25 89.5M MYR

5338 screens 52% overvalued. Compare with Goodman Group →

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Cite: Fair Value Calculator (2026). "Paradigm Real Estate Investment Trust Fair Value". https://www.fairvalue-calculator.com/stock/5338

Peer Group

REIT - Diversified · 165 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 48 · Bottom 25%
Fair Value upside −52% · Bottom 25%
Return on equity (TTM) 9% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 68% · Top 25%
Operating margin (TTM) 59% · Above median
Revenue growth 0% · Below median
Dividend yield (TTM) 7.5% · Top 25%
Debt / equity 0.50× · Lower than median

Valuation Multiples vs REIT - Diversified median · lower = cheaper

P/E (TTM) 15.5× · Pricier than median
P/B 0.89× · Pricier than median
P/S (TTM) 6.57× · Pricier 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 0 · sector 13
FUTURE 0 · sector 13
PAST 37 · sector 20
HEALTH 75 · sector 72
DIVIDEND 100 · sector 97

VALUE 0: the price sits above our fair-value range.

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 REIT - Diversified stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Goodman Group GMG A$29.11 A$7.37 -75%
VICI Properties Inc VICI $26.73 $41.74 +56%
W. P. Carey Inc WPC $76.69 $35.59 -54%
Charter Hall Group CHC A$21.90 A$11.46 -48%
Fibra Uno FUNO11 31.10 MXN 63.56 MXN +104%
COV COV €52.55 €62.39 +19%
The GPT Group GPT A$4.89 A$3.49 -29%
Mirvac Group MGR A$1.70 A$0.5700 -66%
KLCC Property Holdings 5235SS 8.85 MYR 6.91 MYR -22%
CRRUN CRRUN C$17.65 C$17.89 +1%

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Frequently asked questions

Is Paradigm Real Estate Investment Trust (5338) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 0.4400 MYR versus a price of 0.9100 MYR, about −52% (overvalued).
What is the fair value of 5338?
Our model-based fair value for Paradigm Real Estate Investment Trust is 0.4400 MYR (as of Jul 12, 2026), built from audited fundamentals. The current price is 0.9100 MYR.
What is the quality score of 5338?
Paradigm Real Estate Investment Trust has a Quality Score of 46/100. 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 revenue of Paradigm Real Estate Investment Trust (5338)?
Paradigm Real Estate Investment Trust reported trailing-twelve-month revenue of about 227M MYR (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 5338?
The net profit margin of Paradigm Real Estate Investment Trust is about 67.6%, meaning it keeps roughly 67.6% of revenue as net income. Based on the latest reported figures.
Does Paradigm Real Estate Investment Trust pay a dividend?
Paradigm Real Estate Investment Trust currently shows a dividend yield of about 7.37% relative to its recent price (as of Jul 12, 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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