Ajiya Bhd (7609) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Ajiya Bhd MYR 0.68, price MYR 1.02, upside -33.3%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 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 24, 2026.
How to read this chart
60‑month range 0.2502 MYR – 1.24 MYR · fair‑value band 0.6100 MYR – 0.7700 MYR · the 1.02 MYR price screens above the 0.6800 MYR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Ajiya Berhad, an investment holding company, manufactures and trades in roofing materials and various glasses in Malaysia and Thailand. It operates through Metal and Glass divisions.
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Ajiya Berhad, an investment holding company, manufactures and trades in roofing materials and various glasses in Malaysia and Thailand. It operates through Metal and Glass divisions. The company offers metal roofing system, PU green series, steel truss system, structural products, metal door and window frame, metal sunshade/louvres, metal ceiling, metal tiles, industrial metal roofing sheets, wall claddings, metal frame, architectural products, and IBS-aligned building solutions. It also provides tempered glass, laminated glass, low-e coated glass, and insulated glass units (IGU) for architectural and construction applications; and decorative safety glass, security safety and storm protection safety glass, heat strengthened glass, curved tempered safety glass and attoch products for industrial, commercial, recreational, office, and residential buildings, as well as furniture and white goods. In addition, the company manufactures, trades in, and markets metal roll forming products; manufactures and sells metal, zinc, and aluminum products for roof building, ceiling, building materials, and other similar products. Further, it is involved in the property holding activities; trading of building materials; and retail sale of construction materials, hardware, paints, and glass. It offers its products under the AJIYA brand name. The company was incorporated in 1990 and is based in Segamat, Malaysia. Ajiya Berhad operates as a subsidiary of Chin Hin Group Berhad.
Stock analysis
Ajiya Bhd (7609) currently trades at 1.02 MYR, while our model-based Fair Value estimate is 0.6800 MYR, implying the stock looks roughly 50.0% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 1.16 MYR per share, and 7 of the 13 models we run sit above the 1.02 MYR price.
Bear case: the Earnings-Based group reads lowest at 0.6200 MYR, and 6 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.6100 MYR (bear) to 0.7700 MYR (bull), the price of 1.02 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 38/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Ajiya Bhd reported revenue of 306M MYR in FY2025 versus 269M MYR in FY2021, a compound +3.4%/yr. Reported net income was 37.6M MYR in FY2025, compounding +21.0%/yr from FY2021.
Key figures
Market cap 559M MYR (≈ $137M) · P/E ratio 12.8 · P/S ratio 1.56 · EPS (TTM) 0.0800 MYR · Net margin 12.3% · Return on equity 5.8% · Return on assets (EBIT) 7.8% · Operating margin −5.2%.
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 18% below its 52-week high and 13% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at −33%, 7609 screens richer than that median.
Fair Value models
Bear 0.6100 MYRFair Value 0.6800 MYRBull 0.7700 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 10 months old). Earnings retained since then (0.0653 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.33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−19.7%
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.
+1.4%
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.
+3.8%
Start year 2020 (pandemic). Over 10 years: −3.3% a year
Revenue growth 13 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.
−1.6%
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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.
+32.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+32.0%
Dividend (yield on the price)0.0%
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.32% vs 4%, 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.0% → 15%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 11.2%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Building Products & Equipment · 253 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside−32% · Below median
Profitability
Return on equity (TTM)6% · Above median
Return on assets0% · Below median
Net margin (TTM)15% · Top 25%
Operating margin (TTM)−5% · Bottom 25%
Growth and dividend
Revenue growth−29% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
P/E (TTM)12.8× · Cheaper than median
P/B0.21× · Cheapest 25%
P/S (TTM)0.47× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 12
FUTURE (revenue growth)0· sector 11
PAST (return on equity)23· sector 23
HEALTH (low debt)100· sector 95
DIVIDEND (yield)0· sector 42
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Ajiya Bhd Fair Value". https://www.fairvalue-calculator.com/stock/7609
Frequently asked questions
Is Ajiya Bhd (7609) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 0.6800 MYR versus a price of 1.02 MYR, about −33% upside (overvalued).
What is the fair value of 7609?
Our model-based fair value for Ajiya Bhd is 0.6800 MYR (as of Sep 24, 2026), built from audited fundamentals. The current price: 1.02 MYR.
What is the quality score of 7609?
Ajiya Bhd has a Quality Score of 38/100. 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 Ajiya Bhd (7609)?
Our model-based price target is the fair value of 0.6800 MYR (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 0.6100 MYR, optimistic scenario 0.7700 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Ajiya Bhd stock forecast for 2026?
Our models put fair value at 0.6800 MYR, about −33% upside versus a price of 1.02 MYR (overvalued). Cautious scenario 0.6100 MYR, optimistic scenario 0.7700 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Ajiya Bhd (7609)?
Ajiya Bhd reported trailing-twelve-month revenue of about 283M MYR (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Ajiya Bhd (7609)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ajiya Bhd it is 0.6800 MYR per share (as of Sep 24, 2026), against a price of 1.02 MYR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Ajiya Bhd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 7609 trades above its calculated fair value: price 1.02 MYR, fair value 0.6800 MYR, a gap of about −33% (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 7609?
No. The price is what the market pays today (1.02 MYR); the fair value is what the company's own numbers justify (0.6800 MYR). For Ajiya Bhd the two are 0.3400 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Ajiya Bhd worth?
The market values Ajiya Bhd at about 559M MYR (market capitalisation, as of Sep 24, 2026). Per share that is 1.02 MYR; our models calculate a fair value of 0.6800 MYR per share.
What do the bullish and bearish scenarios say about 7609?
Our models span a range for Ajiya Bhd: cautious scenario 0.6100 MYR, base 0.6800 MYR, optimistic 0.7700 MYR per share (as of Sep 24, 2026, price 1.02 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 7609?
Ajiya Bhd trades at a price-to-earnings ratio of 12.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 0.6800 MYR is built from several models across several years. Other multiples: P/B 0.2, P/S 0.5.
How solid is the balance sheet of Ajiya Bhd (7609)?
Balance-sheet figures for Ajiya Bhd (as of Sep 24, 2026): return on equity 5.8%. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 7609 from its 52-week high?
Ajiya Bhd trades at 1.02 MYR, about 18% below its 52-week high of 1.24 MYR and 13% above the low of 0.9028 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.6800 MYR is for.
Which stocks are comparable to Ajiya Bhd?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 Ajiya Bhd stock attractive at the current price?
The data as of Sep 24, 2026: price 1.02 MYR, calculated fair value 0.6800 MYR (−33%), Quality Score 38/100, from 13 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 7609 calculated?
We run Ajiya Bhd through 13 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 0.6800 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 13.0 % above its aggregate fair value. Ajiya 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 Ajiya Bhd (7609)?
The closing price on Sep 24, 2026 was 1.02 MYR. Our model-based fair value is 0.6800 MYR, about −33% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ajiya Bhd right now?
The price sits above even our optimistic bull case (0.7700 MYR). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Ajiya Bhd
How large is the market capitalisation of Ajiya Bhd (7609)?
The market capitalisation of Ajiya Bhd is 559M MYR (≈ $137M). 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 Ajiya Bhd (7609)?
The price-to-sales ratio of Ajiya Bhd is 1.56 (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 Ajiya Bhd (7609)?
Earnings per share at Ajiya Bhd are 0.0800 MYR (price ÷ EPS = P/E 12.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Ajiya Bhd (7609)?
The net margin of Ajiya Bhd is 12.3% (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 Ajiya Bhd (7609)?
The return on equity (ROE) of Ajiya Bhd is 5.8% (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 Ajiya Bhd (7609)?
On an EBIT basis the return on assets of Ajiya Bhd is 7.8% (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 Ajiya Bhd (7609)?
The operating margin of Ajiya Bhd is −5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ajiya Bhd (7609)?
Revenue at Ajiya Bhd is growing −29.3% versus a year earlier (3y avg +1.4%). 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 Ajiya Bhd (7609)?
Earnings per share at Ajiya Bhd are growing +95.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ajiya Bhd (7609) generate?
The free cash flow of Ajiya Bhd is −25.7M MYR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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