Pengana International Equities Limited (PIA) Fair Value & Analysis
Financial Services · AU · Market cap A$326M
Fair value as of: Jun 26, 2026
From 18 valuation models · updated 3 days ago
Share price +3.1% over the past month.
Price vs Fair Value (12 months)
12‑month range A$1.10 – A$1.26 · fair‑value band A$1.44 – A$2.40 · the A$1.26 price screens below the A$1.92 fair value. As of Jun 26, 2026.
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Pengana International Equities Limited (PIA) currently trades at A$1.26, while our model-based Fair Value estimate is A$1.92 — implying the stock looks roughly 53.0% undervalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, Pengana International Equities Limited generated revenue of A$18.3M at a net margin of 62.6%. Revenue declined 76.5% year over year. It earns a return on equity of 3.3%. The balance sheet holds a net cash position of A$8.7M. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
Pengana International Equities Limited is a closed-ended equity fund launched by Pengana Investment Management Limited. The fund is managed by Harding Loevner LP. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in growth stocks available at reasonable prices of companies across all market capitalizations. The fund employs fundamental analysis with a focus on such as factors as competitive advantages, quality management, financial strength, and sustainable growth potential to create its portfolio. Its portfolio is ethically screened and actively managed. The fund benchmarks the performance of its portfolio against the MSCI World Total Return Index. Pengana International Equities Limited was formed on December 22, 2003 and is domiciled in Australia.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Pengana International Equities Limited reported revenue of A$49.4M in FY2025 versus A$90.5M in FY2021, a compound −14.1%/yr. Reported net income was A$33.8M in FY2025, compounding −13.4%/yr from FY2021.
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.