Gamuda Bhd (5398) - Net Assets

Latest as of January 2026: RM12.77 Billion MYR ≈ $3.21 Billion USD

Based on the latest financial reports, Gamuda Bhd (5398) has net assets worth RM12.77 Billion MYR (≈ $3.21 Billion USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM32.47 Billion ≈ $8.15 Billion USD) and total liabilities (RM19.69 Billion ≈ $4.94 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Gamuda Bhd's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM12.77 Billion
% of Total Assets	39.34%
Annual Growth Rate	9.18%
5-Year Change	27.72%
10-Year Change	68.47%
Growth Volatility	7.26

Gamuda Bhd - Net Assets Trend (2006–2025)

This chart illustrates how Gamuda Bhd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Gamuda Bhd for the complete picture of this company's asset base.

Annual Net Assets for Gamuda Bhd (2006–2025)

The table below shows the annual net assets of Gamuda Bhd from 2006 to 2025. For live valuation and market cap data, see Gamuda Bhd (5398) market capitalisation.

Year	Net Assets	Change
2025-07-31	RM12.15 Billion ≈ $3.05 Billion	+5.48%
2024-07-31	RM11.52 Billion ≈ $2.89 Billion	+5.45%
2023-07-31	RM10.93 Billion ≈ $2.74 Billion	+6.55%
2022-07-31	RM10.25 Billion ≈ $2.57 Billion	+7.76%
2021-07-31	RM9.52 Billion ≈ $2.39 Billion	+6.11%
2020-07-31	RM8.97 Billion ≈ $2.25 Billion	+5.87%
2019-07-31	RM8.47 Billion ≈ $2.13 Billion	+6.53%
2018-07-31	RM7.95 Billion ≈ $2.00 Billion	+1.36%
2017-07-31	RM7.85 Billion ≈ $1.97 Billion	+8.75%
2016-07-31	RM7.21 Billion ≈ $1.81 Billion	+7.78%
2015-07-31	RM6.69 Billion ≈ $1.68 Billion	+8.63%
2014-07-31	RM6.16 Billion ≈ $1.55 Billion	+20.66%
2013-07-31	RM5.11 Billion ≈ $1.28 Billion	+19.63%
2012-07-31	RM4.27 Billion ≈ $1.07 Billion	+9.83%
2011-07-31	RM3.89 Billion ≈ $975.87 Million	+17.51%
2010-07-31	RM3.31 Billion ≈ $830.46 Million	+3.12%
2009-07-31	RM3.21 Billion ≈ $805.37 Million	+3.56%
2008-07-31	RM3.10 Billion ≈ $777.68 Million	+3.44%
2007-07-31	RM2.99 Billion ≈ $751.79 Million	+30.68%
2006-07-31	RM2.29 Billion ≈ $575.28 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Gamuda Bhd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 724543000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (July 2025)

Component	Amount	Percentage
Retained Earnings	RM7.25 Billion	60.38%
Common Stock	RM5.16 Billion	43.00%
Other Comprehensive Income	RM71.20 Million	0.59%
Total Equity	RM12.00 Billion	100.00%

Gamuda Bhd Competitors by Market Cap

The table below lists competitors of Gamuda Bhd ranked by their market capitalization.

Company	Market Cap
Nedbank Group Ltd JSE:NED	$6.61 Billion
Guangzhou Friendship Group Co Ltd SHE:000987	$6.61 Billion
Kingfa Sci&Tech Co Ltd SHG:600143	$6.61 Billion
Fastighets AB Balder (publ) ST:BALD-B	$6.61 Billion
Repligen Corporation NASDAQ:RGEN	$6.60 Billion
Wan Hai Lines Ltd TW:2615	$6.60 Billion
Zheshang Securities Co Ltd SHG:601878	$6.59 Billion
CNOOC Energy Technology & Services Ltd SHG:600968	$6.59 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Gamuda Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 11,365,149,000 to 12,000,215,000, a change of 635,066,000 (5.6%).
Net income of 1,003,223,000 contributed positively to equity growth.
Dividend payments of 153,835,000 reduced retained earnings.
Share repurchases of 195,175,000 reduced equity.
New share issuances of 195,174,000 increased equity.
Other comprehensive income increased equity by 32,096,001.
Other factors decreased equity by 246,417,001.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM1.00 Billion	+8.36%
Dividends Paid	RM153.84 Million	-1.28%
Share Repurchases	RM195.18 Million	-1.63%
Share Issuances	RM195.17 Million	+1.63%
Other Comprehensive Income	RM32.10 Million	+0.27%
Other Changes	RM-246.42 Million	-2.05%
Total Change	RM-	5.59%

Book Value vs Market Value Analysis

This analysis compares Gamuda Bhd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 2.16x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 2.98x to 2.16x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-07-31	RM1.48	RM4.42	x
2007-07-31	RM1.71	RM4.42	x
2008-07-31	RM1.52	RM4.42	x
2009-07-31	RM1.57	RM4.42	x
2010-07-31	RM1.58	RM4.42	x
2011-07-31	RM1.72	RM4.42	x
2012-07-31	RM1.89	RM4.42	x
2013-07-31	RM2.24	RM4.42	x
2014-07-31	RM2.34	RM4.42	x
2015-07-31	RM2.69	RM4.42	x
2016-07-31	RM2.77	RM4.42	x
2017-07-31	RM2.96	RM4.42	x
2018-07-31	RM3.07	RM4.42	x
2019-07-31	RM3.27	RM4.42	x
2020-07-31	RM3.43	RM4.42	x
2021-07-31	RM3.65	RM4.42	x
2022-07-31	RM3.88	RM4.42	x
2023-07-31	RM4.01	RM4.42	x
2024-07-31	RM3.93	RM4.42	x
2025-07-31	RM2.05	RM4.42	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Gamuda Bhd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 8.36%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.28%
• Asset Turnover: 0.51x
• Equity Multiplier: 2.59x
Recent ROE (8.36%) is below the historical average (9.26%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	7.03%	12.84%	0.31x	1.74x	RM-66.69 Million
2007	6.29%	12.23%	0.30x	1.71x	RM-109.17 Million
2008	11.11%	14.10%	0.42x	1.89x	RM33.77 Million
2009	6.46%	7.49%	0.46x	1.86x	RM-111.95 Million
2010	8.89%	11.79%	0.37x	2.01x	RM-36.26 Million
2011	11.74%	16.20%	0.35x	2.05x	RM64.29 Million
2012	13.52%	17.73%	0.36x	2.10x	RM142.50 Million
2013	11.09%	13.94%	0.40x	2.01x	RM53.32 Million
2014	13.14%	32.27%	0.22x	1.89x	RM171.97 Million
2015	10.76%	28.88%	0.18x	2.10x	RM48.42 Million
2016	9.10%	29.51%	0.15x	2.06x	RM-61.68 Million
2017	8.05%	18.75%	0.20x	2.11x	RM-145.51 Million
2018	6.79%	12.16%	0.25x	2.23x	RM-242.90 Million
2019	8.75%	15.47%	0.27x	2.13x	RM-101.02 Million
2020	4.41%	10.28%	0.20x	2.17x	RM-477.61 Million
2021	6.42%	18.00%	0.18x	2.01x	RM-328.04 Million
2022	8.14%	16.45%	0.24x	2.05x	RM-184.27 Million
2023	17.04%	22.36%	0.35x	2.20x	RM759.29 Million
2024	8.03%	6.83%	0.50x	2.35x	RM-224.38 Million
2025	8.36%	6.28%	0.51x	2.59x	RM-196.80 Million

Industry Comparison

This section compares Gamuda Bhd's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $93,960,528
Average return on equity (ROE) among peers: -0.37%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Gamuda Bhd (5398)	RM12.77 Billion	7.03%	1.54x	$6.61 Billion
Southern Score Builders Berhad (0045)	$-6.44 Million	0.00%	0.00x	$330.93 Million
Ecobuilt Holdings Bhd (0059)	$81.78 Million	-37.26%	1.23x	$5.28 Million
Mega Sun City Holdings Bhd (0081)	$64.47 Million	1.63%	0.05x	$3.72 Million
Waja Konsortium Bhd (0102)	$40.12 Million	-0.57%	1.17x	$14.00 Million
Kelington Group Bhd (0151)	$50.40 Million	17.32%	0.96x	$1.16 Billion
Widad Group Bhd (0162)	$153.94 Million	12.51%	1.45x	$7.84 Million
Pasukhas Group Bhd (0177)	$63.49 Million	-17.20%	1.27x	$3.83 Million
HSS Engineers Bhd (0185)	$291.76 Million	8.60%	0.43x	$54.26 Million
Cabnet Holdings Bhd (0191)	$48.01 Million	5.04%	0.57x	$11.00 Million
Inta Bina Group Bhd (0192)	$152.07 Million	6.28%	1.80x	$59.42 Million

About Gamuda Bhd

KLSE:5398 Malaysia Engineering & Construction

Market Cap

$6.61 Billion

RM26.31 Billion MYR

Market Cap Rank

#2992 Global

#20 in Malaysia

Share Price

RM4.42

Change (1 day)

+0.00%

52-Week Range

RM3.73 - RM5.70

All Time High

RM9.77