Gamuda Bhd (5398) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Gamuda Bhd MYR 2.20, price MYR 4.78, upside -53.9%, quality 32 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Gamuda Bhd
5398 · KLSEWeakest SetupStrongly overvalued and low quality.
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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 24, 2026.
How to read this chart
60‑month range 1.04 MYR – 5.63 MYR · fair‑value band 1.49 MYR – 2.99 MYR · the 4.78 MYR price screens above the 2.20 MYR fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Company profile
Gamuda Berhad, together with its subsidiaries, engages in the civil engineering construction business in Malaysia, Australia, Vietnam, Singapore, Taiwan, Bahrain, and the United Kingdom. It operates in two segments, Engineering and Construction; and Property Development and Club Operations.
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Gamuda Berhad, together with its subsidiaries, engages in the civil engineering construction business in Malaysia, Australia, Vietnam, Singapore, Taiwan, Bahrain, and the United Kingdom. It operates in two segments, Engineering and Construction; and Property Development and Club Operations. The company offers engineering and construction services, including stormwater management and road tunnel, digital industrialized building system, urban transformation, rail and metro systems, roads and expressways, water and hydroelectric dam, urban regeneration, water treatment and power plant, ports, marine structure and buildings, bridges, airport, general and trading services related to construction activities, and management of water supply; development and rental of residential and commercial properties, as well as club operations; infrastructure concessions; and cloud computing, artificial intelligence, and automation. It is also involved in theme park operation; security services; supplying and planting of landscaping materials and provision of landscaping services; hotel and resort hotel services; business management consultancy services; manufacturing and installation of prefabricated concrete panels; facility maintenance services and parking facilities; insurance agent; medical laboratories and healthcare services; undertake reclamation and development of new lands; maintenance of mechanical and electrical services; architectural activities and technical consulting services; and provision of real estate consulting, brokerage, auction services, and land use rights auction services. The company was incorporated in 1976 and is headquartered in Petaling Jaya, Malaysia.
Stock analysis
Gamuda Bhd (5398) currently trades at 4.78 MYR, while our model-based Fair Value estimate is 2.20 MYR, implying the stock looks roughly 117.1% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 4.54 MYR per share, and 1 of the 17 models we run sit above the 4.78 MYR price.
Bear case: the Dividend Discount group reads lowest at 0.3900 MYR, and 16 of the 17 models stay below the price. Evidence for this calculation is medium.
Scenario range: 1.49 MYR (bear) to 2.99 MYR (bull), the price of 4.78 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 32/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Gamuda Bhd reported revenue of 16.0B MYR in FY2025 versus 3.3B MYR in FY2021, a compound +48.7%/yr. Reported net income was 1.0B MYR in FY2025, compounding +14.3%/yr from FY2021.
Key figures
Market cap 28.0B MYR (≈ $6.9B) · P/E ratio 28.1 · P/S ratio 1.77 · EPS (TTM) 0.1700 MYR · Dividend yield 2.1% · Net margin 6.3% · Return on equity 8.7% · Return on assets (EBIT) 3.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −54%, 5398 screens richer than that median.
Fair Value models
All 17 models by family
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Set up alert →Quality Score breakdown
Of which business quality 32 · Market factors (momentum, volatility) 55
Revenue & earnings trend
5398 screens 117% overvalued. Compare with Quanta Services, Inc →
Compare Gamuda Bhd with another stock
Price, fair value, quality and upside side by side.
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.Engineering & Construction · 844 stocks
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Valuation of the Malaysia market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Quanta Services, Inc PWR | $642.63 | $163.08 | −75% |
| Vinci SA DG | €112.30 | €185.62 | +65% |
| Comfort Systems USA, Inc FIX | $1,625 | $1,122 | −31% |
| Larsen & Toubro Limited LT | ₹3,866 | ₹1,994 | −48% |
| Ferrovial N.V FER | $56.30 | $24.01 | −57% |
| Samsung C&T Corporation 028260 | 367,000 KRW | 264,296 KRW | −28% |
| HOCHTIEF Aktiengesellschaft HOT | €403.60 | €203.87 | −49% |
| ACS, Actividades de Construcción y Servicios, S.A ACS | €95.95 | €75.04 | −22% |
| EMCOR Group EME | $756.50 | $521.87 | −31% |
| MasTec, Inc MTZ | $221.69 | $106.05 | −52% |
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Key figures of Gamuda Bhd
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