At the IPO price of RM0.35, Powertechnic is valued at a modest FY2024 P/E multiple of approximately 10.8x, based on normalised earnings of RM6.3 million. This places it at a discount to regional peers in the industrial equipment space that trade between 14x–18x forward earnings.

Slowly surpassing 1.50 region, 1.70 short term target