FSBM Holdings Bhd (9377) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of FSBM Holdings Bhd MYR 0.01, price MYR 0.10, upside -85.0%, quality 19 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
FSBM Holdings Berhad, an investment holding company, distributes computers, computer related products, and education related products in Malaysia and Hong Kong. It operates through Intelligent Application and Digital Solution; Smart manufacturing Solutions; Managed Security Services; and Others segments.
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FSBM Holdings Berhad, an investment holding company, distributes computers, computer related products, and education related products in Malaysia and Hong Kong. It operates through Intelligent Application and Digital Solution; Smart manufacturing Solutions; Managed Security Services; and Others segments. The company develops web-based and mobile platforms, data analytics and artificial intelligence, encompassing enterprise applications, digital platforms, system integration, and data-driven solutions, as well as manufacturing execution systems, smart supply chain management, and customer to manufacture platforms; and offers cybersecurity protection, network monitoring, and threat mitigation; It also refurbishes pre-owned IT hardware; leases and trades IT hardware and equipment; develops and delivers multimedia learning and teaching products and services, and training products and services for schools and teachers; and develops and provides study plans, programs, and courses, including instruct, teach, and delivery of courses. In addition, it provides car park and property management; management; manpower services; network security solutions; communication and networking services; industry digitalization transformation, internet of things, and smart manufacturing solutions; and enterprise-wide ICT and systems integration services, as well as after-sales services. Further, the company engages in the contents syndication and distribution, content aggregation, channel development, electronic programming, and consultancy and design activities; and development of intelligent city, municipal, and building solutions and related engineering services. The company was formerly known as Fujitsu Systems Business (Malaysia) Sdn Bhd and changed its name to FSBM Holdings Berhad in 2000. FSBM Holdings Berhad was incorporated in 1984 and is based in Petaling Jaya, Malaysia.
Stock analysis
FSBM Holdings Bhd (9377) currently trades at 0.0950 MYR, while our model-based Fair Value estimate is 0.0143 MYR, 85.0% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: 0.0143 MYR (bear) to 0.0238 MYR (bull), the price of 0.0950 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 19/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
FSBM Holdings Bhd reported revenue of 12.2M MYR in FY2026 versus 405K MYR in FY2022, a compound +134.1%/yr. Reported net income was −13.6M MYR in FY2026.
Key figures
Market cap 51.4M MYR (≈ $12.6M) · P/S ratio 2.05 · EPS (TTM) −0.0200 MYR · Net margin −112% · Return on equity −38.4% · Return on assets (EBIT) −212% · Operating margin 15.5% · Revenue (TTM) 26.7M MYR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 60% below its 52-week high and 46% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at −85%, 9377 screens richer than that median.
Fair Value models
Bear 0.0143 MYRFair Value 0.0143 MYRBull 0.0238 MYR
Price 0.0950 MYR · Upside -85.0%
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.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.24/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−29.2%
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.
−1.0%
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.
+148.6%
Start year 2021 (pandemic). Over 10 years: +10.1% 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.
+3.3%
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Profit margin (trend) ⓘ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.
−519.5% (2021) → −103.7% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
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.Electronics & Computer Distribution · 157 stocks
Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score19 · Bottom 25%
Fair Value upside−84.9% · Bottom 25%
Profitability
Return on assets−18.9% · Bottom 25%
Net margin (TTM)−35.3% · Bottom 25%
Operating margin (TTM)15.5% · Top 25%
Growth and dividend
Revenue growth191.7% · Top 25%
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
P/B0.73× · Cheapest 25%
P/S (TTM)0.47× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 24
FUTURE (revenue growth)100· sector 76
PAST (return on equity)0· sector 40
HEALTH (low debt)0· sector 97
DIVIDEND (yield)0· sector 57
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). "FSBM Holdings Bhd Fair Value". https://www.fairvalue-calculator.com/stock/9377
Frequently asked questions
Is FSBM Holdings Bhd (9377) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 0.0143 MYR versus a price of 0.0950 MYR, about −85% upside (overvalued).
What is the fair value of 9377?
Our model-based fair value for FSBM Holdings Bhd is 0.0143 MYR (as of Oct 4, 2026), built from audited fundamentals. The current price: 0.0950 MYR.
What is the quality score of 9377?
FSBM Holdings Bhd has a Quality Score of 19/100. 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 FSBM Holdings Bhd (9377)?
Our model-based price target is the fair value of 0.0143 MYR (as of Oct 4, 2026) from 1 valuation models. Cautious scenario 0.0143 MYR, optimistic scenario 0.0238 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the FSBM Holdings Bhd stock forecast for 2026?
Our models put fair value at 0.0143 MYR, about −85% upside versus a price of 0.0950 MYR (overvalued). Cautious scenario 0.0143 MYR, optimistic scenario 0.0238 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of FSBM Holdings Bhd (9377)?
FSBM Holdings Bhd reported trailing-twelve-month revenue of about 26.7M MYR (latest available figure, as of Oct 4, 2026).
What is the intrinsic value of FSBM Holdings Bhd (9377)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FSBM Holdings Bhd it is 0.0143 MYR per share (as of Oct 4, 2026), against a price of 0.0950 MYR. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is FSBM Holdings Bhd stock overvalued or undervalued in 2026?
As of Oct 4, 2026, 9377 trades above its calculated fair value: price 0.0950 MYR, fair value 0.0143 MYR, a gap of about −85% (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 9377?
No. The price is what the market pays today (0.0950 MYR); the fair value is what the company's own numbers justify (0.0143 MYR). For FSBM Holdings Bhd the two are 0.0807 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is FSBM Holdings Bhd worth?
The market values FSBM Holdings Bhd at about 51.4M MYR (market capitalisation, as of Oct 4, 2026). Per share that is 0.0950 MYR; our models calculate a fair value of 0.0143 MYR per share.
What do the bullish and bearish scenarios say about 9377?
Our models span a range for FSBM Holdings Bhd: cautious scenario 0.0143 MYR, base 0.0143 MYR, optimistic 0.0238 MYR per share (as of Oct 4, 2026, price 0.0950 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of FSBM Holdings Bhd (9377)?
Balance-sheet figures for FSBM Holdings Bhd (as of Oct 4, 2026): return on equity −38.4%. They feed the Quality Score of 19/100, which measures business quality independently of the share price.
How far is 9377 from its 52-week high?
FSBM Holdings Bhd trades at 0.0950 MYR, about 60% below its 52-week high of 0.2400 MYR and 46% above the low of 0.0650 MYR (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0143 MYR is for.
Which stocks are comparable to FSBM Holdings Bhd?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Rexel S.A, Arrow Electronics, Inc, 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 FSBM Holdings Bhd stock attractive at the current price?
The data as of Oct 4, 2026: price 0.0950 MYR, calculated fair value 0.0143 MYR (−85%), Quality Score 19/100, from 1 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 9377 calculated?
We run FSBM Holdings Bhd through 1 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 0.0143 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 15.0 % above its aggregate fair value. FSBM Holdings 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 FSBM Holdings Bhd (9377)?
The closing price on Oct 2, 2026 was 0.0950 MYR. Our model-based fair value is 0.0143 MYR, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FSBM Holdings Bhd right now?
The price sits above even our optimistic bull case (0.0238 MYR). The favourable scenario is already priced in. Weak quality (19/100) 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 FSBM Holdings Bhd
How large is the market capitalisation of FSBM Holdings Bhd (9377)?
The market capitalisation of FSBM Holdings Bhd is 51.4M MYR (≈ $12.6M). 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 FSBM Holdings Bhd (9377)?
The price-to-sales ratio of FSBM Holdings Bhd is 2.05 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of FSBM Holdings Bhd (9377)?
Earnings per share at FSBM Holdings Bhd are −0.0200 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of FSBM Holdings Bhd (9377)?
The net margin of FSBM Holdings Bhd is −112% (fiscal year 2026). 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 FSBM Holdings Bhd (9377)?
The return on equity (ROE) of FSBM Holdings Bhd is −38.4% (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 FSBM Holdings Bhd (9377)?
On an EBIT basis the return on assets of FSBM Holdings Bhd is −212% (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 FSBM Holdings Bhd (9377)?
The operating margin of FSBM Holdings Bhd is 15.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FSBM Holdings Bhd (9377)?
Revenue at FSBM Holdings Bhd is growing +192% versus a year earlier (3y avg −1.0%). 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 FSBM Holdings Bhd (9377)?
Earnings per share at FSBM Holdings Bhd are growing −49.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does FSBM Holdings Bhd (9377) generate?
The free cash flow of FSBM Holdings Bhd is −4.3M MYR (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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