Industronics Bhd (9393) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Industronics Bhd MYR 0.03, price MYR 0.03, upside -0.7%, quality 39 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Industronics Berhad, together with its subsidiaries, engages in the designing, manufacturing, and installation of electronic products in Malaysia and Hong Kong. It operates through Electronics and System Integration; Security Systems, Mechanical and Electrical Engineering (M&E); Trading & Services Operations; and Food & Beverage.
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Industronics Berhad, together with its subsidiaries, engages in the designing, manufacturing, and installation of electronic products in Malaysia and Hong Kong. It operates through Electronics and System Integration; Security Systems, Mechanical and Electrical Engineering (M&E); Trading & Services Operations; and Food & Beverage. The Electronics and System Integration segment is involved in the design, manufacture, and installation of electronic and microprocessor-controlled products; trading, maintenance, and supply of industrial electronic equipment; intelligent transportation systems and systems integration projects involving information communication technology; and supply and service of telecommunication equipment and audio visual multimedia systems. The Security Systems, Mechanical and Electrical Engineering (M&E) segment engages in the supply and installation of security systems; design and installation of fire protection systems, as well as the provision of mechanical engineering services; industrial maintenance and service works; trading of transport equipment and provision of related services; and manufacture, import, and marketing of filters. The Trading & Services Operations segment trades in precision instruments; and provides cloud and general trading services. The Food and Beverage segment is involved in the supply of food and beverage and restaurant/cafe services. It also researches and develops products in the area of power electronics; and offers advertising, and media and event management services, as well as organizes public seminars, trainings, and conventions activities. The company was incorporated in 1975 and is headquartered in Petaling Jaya, Malaysia.
Stock analysis
Industronics Bhd (9393) currently trades at 0.0300 MYR, while our model-based Fair Value estimate is 0.0298 MYR, implying the stock looks roughly 0.7% fairly valued 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: 0.0263 MYR (bear) to 0.0298 MYR (bull), the price of 0.0300 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 39/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Industronics Bhd reported revenue of 40.5M MYR in FY2025 versus 40.4M MYR in FY2021, a compound +0.1%/yr. Reported net income was −10.6M MYR in FY2025.
Key figures
Market cap 21.2M MYR (≈ $5.2M) · P/S ratio 0.65 · EPS (TTM) −0.0100 MYR · Net margin −26.2% · Return on equity −3,717% · Return on assets (EBIT) −7.0% · Operating margin −15.5% · Revenue (TTM) 27.0M MYR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 200% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at −1%, 9393 screens cheaper than that median.
Fair Value models
Bear 0.0263 MYRFair Value 0.0298 MYRBull 0.0298 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.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.36/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
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.
−9.9%
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.
+18.4%
Start year 2020 (pandemic). Over 10 years: +5.4% 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.
−1.8%
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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.
−2.4% (2020) → −17.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 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.Electronic Components · 653 stocks
Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside−15% · Above median
Profitability
Return on assets−6% · Bottom 25%
Net margin (TTM)−27% · Bottom 25%
Operating margin (TTM)−16% · Bottom 25%
Growth and dividend
Revenue growth224% · Top 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Industronics Bhd Fair Value". https://www.fairvalue-calculator.com/stock/9393
Frequently asked questions
Is Industronics Bhd (9393) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 0.0298 MYR versus a price of 0.0300 MYR, about −1% upside (fairly valued).
What is the fair value of 9393?
Our model-based fair value for Industronics Bhd is 0.0298 MYR (as of Sep 23, 2026), built from audited fundamentals. The current price: 0.0300 MYR.
What is the quality score of 9393?
Industronics Bhd has a Quality Score of 39/100. 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 Industronics Bhd (9393)?
Our model-based price target is the fair value of 0.0298 MYR (as of Sep 23, 2026) from 1 valuation models. Cautious scenario 0.0263 MYR, optimistic scenario 0.0298 MYR. It is a calculation from audited fundamentals, not an analyst target.
What is the Industronics Bhd stock forecast for 2026?
Our models put fair value at 0.0298 MYR, about −1% upside versus a price of 0.0300 MYR (fairly valued). Cautious scenario 0.0263 MYR, optimistic scenario 0.0298 MYR. The calculation is refreshed regularly with new filings.
What is the revenue of Industronics Bhd (9393)?
Industronics Bhd reported trailing-twelve-month revenue of about 27.0M MYR (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Industronics Bhd (9393)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Industronics Bhd it is 0.0298 MYR per share (as of Sep 23, 2026), against a price of 0.0300 MYR. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Industronics Bhd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 9393 trades above its calculated fair value: price 0.0300 MYR, fair value 0.0298 MYR, a gap of about −1% (fairly valued). 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 9393?
No. The price is what the market pays today (0.0300 MYR); the fair value is what the company's own numbers justify (0.0298 MYR). For Industronics Bhd the two are 0.0002 MYR per share apart. That gap is exactly why we show both numbers side by side.
How much is Industronics Bhd worth?
The market values Industronics Bhd at about 21.2M MYR (market capitalisation, as of Sep 23, 2026). Per share that is 0.0300 MYR; our models calculate a fair value of 0.0298 MYR per share.
What do the bullish and bearish scenarios say about 9393?
Our models span a range for Industronics Bhd: cautious scenario 0.0263 MYR, base 0.0298 MYR, optimistic 0.0298 MYR per share (as of Sep 23, 2026, price 0.0300 MYR). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 9393 from its 52-week high?
Industronics Bhd trades at 0.0300 MYR, about 33% below its 52-week high of 0.0450 MYR and 200% above the low of 0.0100 MYR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 0.0298 MYR is for.
Which stocks are comparable to Industronics Bhd?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Industronics Bhd stock attractive at the current price?
The data as of Sep 23, 2026: price 0.0300 MYR, calculated fair value 0.0298 MYR (−1%), Quality Score 39/100, 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 9393 calculated?
We run Industronics 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 0.0298 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 13.2 % above its aggregate fair value. Industronics 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 Industronics Bhd (9393)?
The closing price on Sep 24, 2026 was 0.0300 MYR. Our model-based fair value is 0.0298 MYR, about −1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Industronics Bhd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (0.0263 MYR to 0.0298 MYR), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Industronics Bhd
How large is the market capitalisation of Industronics Bhd (9393)?
The market capitalisation of Industronics Bhd is 21.2M MYR (≈ $5.2M). 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 Industronics Bhd (9393)?
The price-to-sales ratio of Industronics Bhd is 0.65 (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 Industronics Bhd (9393)?
Earnings per share at Industronics Bhd are −0.0100 MYR. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Industronics Bhd (9393)?
The net margin of Industronics Bhd is −26.2% (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 Industronics Bhd (9393)?
The return on equity (ROE) of Industronics Bhd is −3,717% (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 Industronics Bhd (9393)?
On an EBIT basis the return on assets of Industronics Bhd is −7.0% (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 Industronics Bhd (9393)?
The operating margin of Industronics 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 Industronics Bhd (9393)?
Revenue at Industronics Bhd is growing +224% versus a year earlier (3y avg −9.9%). 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 Industronics Bhd (9393)?
Earnings per share at Industronics Bhd are growing −77.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Industronics Bhd (9393) generate?
The free cash flow of Industronics Bhd is −9.8M MYR (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Industronics Bhd (9393) carry?
The net debt of Industronics Bhd is 41.6M MYR (fiscal year 2023). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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