AMMB Holdings Berhad (AMMHF) fair value: what the stock is really worth
As of Sep 18, 2026: fair value of AMMB Holdings Berhad $2.12, price $1.26, upside +68.9%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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AMMB Holdings Berhad
AMMHF · USClearly undervaluedStrong Fair Value upside, but quality is only moderate.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
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 $0.6380 – $1.72 · fair‑value band $1.59 – $2.64 · the $1.26 price screens below the $2.12 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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Company profile
AMMB Holdings Berhad, an investment holding company, provides various financial products and services to retail, corporate, and institutional clients in Malaysia.
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AMMB Holdings Berhad, an investment holding company, provides various financial products and services to retail, corporate, and institutional clients in Malaysia. The company offers deposit products comprising saving, current, hybrid current, fixed deposit, treasury deposits, and foreign currency accounts; car, home, and business loans; ASB/ASB2, personal, and green financing; credit and debit cards; wealth management, such as unit trust, direct bond/sukuk, and will/wasiat writing; equities; online and mobile banking; financing solutions, such as general working capital, project/contract financing, asset acquisition, and guarantee and BNM funded schemes; fund, cash, and asset management; and payroll, digital, domestic and cross-border, merchant business, hedging, and green solutions. It also provides corporate lending and trade finance; offshore, commercial, wholesale, business, SME, retail, investment, Islamic, transaction, priority, and private banking services; mergers and acquisitions advisory; equity and debt capital market; treasury and market solutions, such as fx and rates management, fixed income investment, equity derivatives, and structured products; stock and futures broking; investment advisory; and repayment assistance services. In addition, the company sells and trades in fixed income, interest rates, foreign exchange, money market, equity derivatives, commodities, and other derivatives; manages real estate investment and unit trusts, private retirement, and customer loyalty schemes; distributes Islamic wholesale funds; invests in real estate properties; securitizes mortgage loans; outsources servicers for mortgage related activities; nominee services; and provides bancassurance, general and life insurance, and family takaful products. AMMB Holdings Berhad was founded in 1975 and is headquartered in Kuala Lumpur, Malaysia.
Stock analysis
AMMB Holdings Berhad (AMMHF) currently trades at $1.26, while our model-based Fair Value estimate is $2.12, implying the stock looks roughly 40.8% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $8.26 per share, and 4 of the 4 models we run sit above the $1.26 price.
Bear case: the Asset-Based group reads lowest at $4.38, and 0 of the 4 models stay below the price. Evidence for this calculation is medium.
Scenario range: $1.59 (bear) to $2.64 (bull), the price of $1.26 sits below 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 62/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
AMMB Holdings Berhad reported revenue of 5.2B MYR in FY2026 versus 5.2B MYR in FY2022, a compound 0.0%/yr. Reported net income was 2.1B MYR in FY2026, compounding +8.7%/yr from FY2022.
Key figures
Market cap $4.2B · P/E ratio 7.8 · P/S ratio 3.17 · EPS (TTM) $0.1600 · Net margin 40.4% · Return on equity 10.0% · Return on assets (EBIT) 1.3% · Operating margin 54.0%.
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 27% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at 69%, AMMHF screens cheaper than that median.
Fair Value models
All 4 models by family
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Set up alert →Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 38
Revenue & earnings trend
Growth Forecast
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Compare AMMB Holdings Berhad with another stock
Price, fair value, quality and upside side by side.
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
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| DBS Group D05 | 77.69 SGD | 40.48 SGD | −48% |
| China Merchants Bank Co 3968 | HK$51.25 | HK$62.30 | +22% |
| Intesa Sanpaolo S.p.A ISP | €6.73 | €4.04 | −40% |
| HDFC Bank Limited HDFCBANK | ₹737.25 | ₹406.85 | −45% |
| BNP Paribas SA BNP | €101.30 | €105.99 | +5% |
| UniCredit S.p.A UCG | €83.28 | €77.62 | −7% |
| Mizuho Financial Group MFG | $10.87 | $6.75 | −38% |
| ICICI Bank Limited ICICIBANK | ₹1,340 | ₹616.16 | −54% |
| The PNC Financial Services Group PNC | $227.96 | $159.52 | −30% |
| Oversea-Chinese Banking Corporation O39 | 32.14 SGD | 19.80 SGD | −38% |
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Key figures of AMMB Holdings Berhad
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