Gamuda Berhad, (5398) Fair Value & Analysis
Industrials · MY · Market cap 24.6B MYR
Fair value as of: Jul 13, 2026
From 17 valuation models · updated 27 days ago
Share price +9.9% over the past month.
Below-average quality, and screening another 45% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (3.03 MYR). The favourable scenario is already priced in.
- Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.
How to read this chart
60‑month range 1.04 MYR – 5.63 MYR · fair‑value band 1.82 MYR – 3.03 MYR · the 4.46 MYR price screens above the 2.43 MYR fair value. Dashed = 300-day average. As of Jul 13, 2026.
Analysis
Gamuda Berhad, (5398) currently trades at 4.46 MYR, while our model-based Fair Value estimate is 2.43 MYR, implying the stock looks roughly 45.5% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Industrials 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, Gamuda Berhad, generated revenue of 16.1B MYR at a net margin of 6.4%. Revenue grew 10.2% year over year. It earns a return on equity of 8.4%. Net debt stands at 6.9B MYR. Fundamentals as of Jul 13, 2026
Our scenario range runs from 1.82 MYR (bear case) to 3.03 MYR (bull case); at 4.46 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 22% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -45%, 5398 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.
All 17 models by family
Widest divergence: Growth Earnings (4.54 MYR) versus Dividend Discount (0.4200 MYR). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 32 · Market factors (momentum, volatility) 49
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Gamuda Berhad, 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.
5398 screens 45% overvalued. Compare with Larsen & Toubro Limited →
Peer Group
Engineering & Construction · 837 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 Engineering & Construction 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.
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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Larsen & Toubro Limited LT | ₹3,815 | ₹1,994 | -48% |
| Samsung C&T Corporation 028260 | 346,000 KRW | 268,779 KRW | -22% |
| Hyundai Engineering & Construction Co 000720 | 99,000 KRW | 63,993 KRW | -35% |
| United Integrated Services Co 2404 | 1,250 TWD | 925.62 TWD | -26% |
| Samsung E&A Co 028050 | 42,550 KRW | 44,840 KRW | +5% |
| Rail Vikas Nigam Limited RVNL | ₹232.67 | ₹61.46 | -74% |
| Daewoo Engineering & Construction Co 047040 | 16,240 KRW | 6,507 KRW | -60% |
| NBCC (India) Limited NBCC | ₹96.32 | ₹48.22 | -50% |
| Cemindia Projects Limited CEMPRO | ₹1,330 | ₹730.69 | -45% |
| KEPCO Engineering & Construction Company 052690 | 92,700 KRW | 20,172 KRW | -78% |
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Frequently asked questions
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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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