Hong Leong Bank Bhd (5819) fair value: what the stock is really worth
We calculate from audited financials what Hong Leong Bank Bhd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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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 18, 2026.
How to read this chart
60‑month range 14.70 MYR – 25.47 MYR · fair‑value band 17.12 MYR – 32.64 MYR · the 22.90 MYR price screens above the 19.33 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
Hong Leong Bank Berhad operates as a financial services company in Malaysia and internationally. The company operates through Personal Financial Services, Business & Corporate Banking, Global Markets, Overseas/International Operations, and Other Operations segments.
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Hong Leong Bank Berhad operates as a financial services company in Malaysia and internationally. The company operates through Personal Financial Services, Business & Corporate Banking, Global Markets, Overseas/International Operations, and Other Operations segments. Its deposit products include current, savings, fixed deposit, salary, multi-currency, top yield, foreign currency, safe deposit boxes, and business flexi fixed and fixed deposit accounts. The company also offers personal, property, auto, industrial hire purchase, business mortgage, term, working capital, and onshore foreign currency loans; credit cards; share margin, loan, share, and mortgage financing services; letters of credit; and overdrafts and revolving credit facilities, as well as refinancing. In addition, it provides structured investments, unit trust, bonds, and foreign share trading services; and collection, shipping and bank guarantee, bankers' acceptance, trust receipt, invoice financing, export credit refinancing, foreign/domestic bills of exchange purchased, advance against trade, ebroking, remittance, and wealth and cash management services. Further, the company offers motor, travel, home, life, personal accident, medical, card, investment linked, and safe deposit locker insurance products; payments, merchants, and online banking services; and agent and nominee, and ATM services, as well as invests in and manages properties. Additionally, it offers Islamic banking services. The company was formerly known as MUI Bank Berhad and changed its name to Hong Leong Bank Berhad in January 1991. The company was incorporated in 1905 and is headquartered in Kuala Lumpur, Malaysia. Hong Leong Bank Berhad is a subsidiary of Hong Leong Financial Group Berhad.
Stock analysis
Hong Leong Bank Bhd (5819) currently trades at 22.90 MYR, while our model-based Fair Value estimate is 19.33 MYR, implying the stock looks roughly 18.5% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 26.82 MYR per share, and 2 of the 6 models we run sit above the 22.90 MYR price.
Bear case: the Dividend Discount group reads lowest at 10.59 MYR, and 4 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: 17.12 MYR (bear) to 32.64 MYR (bull), the price of 22.90 MYR sits inside 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 45/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Hong Leong Bank Bhd reported revenue of 11.2B MYR in FY2025 versus 7.5B MYR in FY2021, a compound +10.4%/yr. Reported net income was 4.3B MYR in FY2025, compounding +10.6%/yr from FY2021.
Key figures
Market cap 47.2B MYR (≈ $11.6B) · P/E ratio 10.8 · P/S ratio 4.14 · EPS (TTM) 2.12 MYR · Dividend yield 3.0% · Net margin 38.3% · Return on equity 11.1% · Return on assets (EBIT) 1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 27% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −16%, 5819 screens cheaper than that median.
Fair Value models
Bear 17.12 MYRFair Value 19.33 MYRBull 32.64 MYR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (1.44 MYR per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.45/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+5.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+14.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.5%
Revenue growth 20 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.5%
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What shareholders gained per year (last 5 years), in MYR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in MYR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+12.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.8%
Dividend (yield on the price)3.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10% vs 6%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.37% → 48%
News mood ⓘNews mood, the average tone of recent news (8 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
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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.Banks - Regional · 1074 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score44 · Bottom 25%
Fair Value upside+11% · Above median
Profitability
Return on equity (TTM)11% · Above median
Return on assets1% · Top 25%
Net margin (TTM)68% · Top 25%
Operating margin (TTM)60% · Top 25%
Growth and dividend
Revenue growth−21% · Bottom 25%
Dividend yield (TTM)3.0% · Above median
Balance sheet
Debt / equity0.18× · Below median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Hong Leong Bank Bhd Fair Value". https://www.fairvalue-calculator.com/stock/5819
Frequently asked questions
Is Hong Leong Bank Bhd (5819) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of 19.33 MYR versus a price of 22.90 MYR, about −16% upside (overvalued).
What is the fair value of 5819?
Our model-based fair value for Hong Leong Bank Bhd is 19.33 MYR (as of Sep 18, 2026), built from audited fundamentals. The current price: 22.90 MYR.
What is the quality score of 5819?
Hong Leong Bank Bhd has a Quality Score of 45/100. 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 price target for Hong Leong Bank Bhd (5819)?
Our model-based price target is the fair value of 19.33 MYR (as of Sep 18, 2026) from 6 valuation models. Cautious scenario 17.12 MYR, optimistic scenario 32.64 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Hong Leong Bank Bhd stock forecast for 2026?
Our models put fair value at 19.33 MYR, about −16% upside versus a price of 22.90 MYR (overvalued). Cautious scenario 17.12 MYR, optimistic scenario 32.64 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Hong Leong Bank Bhd (5819)?
Hong Leong Bank Bhd reported trailing-twelve-month revenue of about 6.4B MYR (latest available figure, as of Sep 18, 2026).
Does Hong Leong Bank Bhd pay a dividend?
Hong Leong Bank Bhd currently shows a dividend yield of about 2.97% relative to its recent price (as of Sep 18, 2026).
What is the intrinsic value of Hong Leong Bank Bhd (5819)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hong Leong Bank Bhd it is 19.33 MYR per share (as of Sep 18, 2026), against a price of 22.90 MYR. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Hong Leong Bank Bhd stock overvalued or undervalued in 2026?
As of Sep 18, 2026, 5819 trades above its calculated fair value: price 22.90 MYR, fair value 19.33 MYR, a gap of about −16% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 5819?
No. The price is what the market pays today (22.90 MYR); the fair value is what the company's own numbers justify (19.33 MYR). For Hong Leong Bank Bhd the two are 3.57 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Hong Leong Bank Bhd worth?
The market values Hong Leong Bank Bhd at about 47.2B MYR (market capitalisation, as of Sep 18, 2026). Per share that is 22.90 MYR; our models calculate a fair value of 19.33 MYR per share.
What do the bullish and bearish scenarios say about 5819?
Our models span a range for Hong Leong Bank Bhd: cautious scenario 17.12 MYR, base 19.33 MYR, optimistic 32.64 MYR per share (as of Sep 18, 2026, price 22.90 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 5819?
Hong Leong Bank Bhd trades at a price-to-earnings ratio of 10.8 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 19.33 MYR is built from several models across several years. Other multiples: PEG 1.6, P/B 0.3, P/S 1.7, EV/EBITDA 0.5.
What is the PEG ratio of 5819?
The PEG ratio of Hong Leong Bank Bhd is 1.59 (P/E divided by earnings growth, as of Sep 18, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Hong Leong Bank Bhd (5819)?
Balance-sheet figures for Hong Leong Bank Bhd (as of Sep 18, 2026): return on equity 11.1%, debt of 0.18 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 5819 from its 52-week high?
Hong Leong Bank Bhd trades at 22.90 MYR, about 10% below its 52-week high of 25.47 MYR and 27% above the low of 18.00 MYR (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of 19.33 MYR is for.
Which stocks are comparable to Hong Leong Bank Bhd?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hong Leong Bank Bhd stock attractive at the current price?
The data as of Sep 18, 2026: price 22.90 MYR, calculated fair value 19.33 MYR (−16%), Quality Score 45/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 5819 calculated?
We run Hong Leong Bank Bhd through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 19.33 MYR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Hong Leong Bank Bhd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hong Leong Bank Bhd (5819)?
The closing price on Sep 21, 2026 was 22.90 MYR. Our model-based fair value is 19.33 MYR, about −16% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hong Leong Bank Bhd right now?
Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (17.12 MYR to 32.64 MYR) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Hong Leong Bank Bhd (5819) come from?
Earnings per share at Hong Leong Bank Bhd grew +6.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.7 %, EBIT margin +3.7 %, tax rate +0.1 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Hong Leong Bank Bhd
How large is the market capitalisation of Hong Leong Bank Bhd (5819)?
The market capitalisation of Hong Leong Bank Bhd is 47.2B MYR (≈ $11.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hong Leong Bank Bhd (5819)?
The price-to-sales ratio of Hong Leong Bank Bhd is 4.14 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hong Leong Bank Bhd (5819)?
Earnings per share at Hong Leong Bank Bhd are 2.12 MYR (price ÷ EPS = P/E 10.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hong Leong Bank Bhd (5819)?
The dividend yield of Hong Leong Bank Bhd is 3.0% (payout 32.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hong Leong Bank Bhd (5819)?
The net margin of Hong Leong Bank Bhd is 38.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hong Leong Bank Bhd (5819)?
The return on equity (ROE) of Hong Leong Bank Bhd is 11.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hong Leong Bank Bhd (5819)?
On an EBIT basis the return on assets of Hong Leong Bank Bhd is 1.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hong Leong Bank Bhd (5819)?
The operating margin of Hong Leong Bank Bhd is 60.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hong Leong Bank Bhd (5819)?
Revenue at Hong Leong Bank Bhd is growing −20.7% versus a year earlier (3y avg +14.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hong Leong Bank Bhd (5819)?
Earnings per share at Hong Leong Bank Bhd are growing +8.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hong Leong Bank Bhd (5819) generate?
The free cash flow of Hong Leong Bank Bhd is −4.1B MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Hong Leong Bank Bhd (5819) hold?
Hong Leong Bank Bhd holds more cash than debt, 10.4B MYR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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