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Malaysian (KLSE) Market Analysis & Valuation

UpdatedOct 10, 2025
DataAggregated Company Financials
Companies1043
  • 7D0.009%
  • 3M6.3%
  • 1Y-0.6%
  • YTD-1.9%

The market has been flat over the last week. As for the longer term, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 9.9% annually.

Trending IndustriesOil and GasSoftware

Market Valuation and Performance

Has the Malaysian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Oct 2025RM 2.0tRM 1.3tRM 111.9b14.9x17.8x1.5x
Sun, 07 Sep 2025RM 1.9tRM 1.3tRM 112.2b14.5x17x1.5x
Tue, 05 Aug 2025RM 1.9tRM 1.3tRM 115.5b13.9x16.2x1.4x
Thu, 03 Jul 2025RM 1.9tRM 1.3tRM 115.6b13.8x16.2x1.4x
Sat, 31 May 2025RM 1.8tRM 1.3tRM 116.1b13.9x15.8x1.4x
Mon, 28 Apr 2025RM 1.8tRM 1.3tRM 118.1b13.8x15.3x1.4x
Wed, 26 Mar 2025RM 1.8tRM 1.3tRM 118.3b14.4x15.4x1.4x
Fri, 21 Feb 2025RM 1.9tRM 1.3tRM 114.4b14.5x16.6x1.5x
Sun, 19 Jan 2025RM 1.9tRM 1.3tRM 115.2b15.2x16.9x1.5x
Tue, 17 Dec 2024RM 2.0tRM 1.3tRM 115.0b15.4x17.3x1.5x
Thu, 14 Nov 2024RM 2.0tRM 1.3tRM 113.6b15.7x17.3x1.5x
Sat, 12 Oct 2024RM 2.0tRM 1.3tRM 113.3b15.4x17.5x1.6x
Mon, 09 Sep 2024RM 2.0tRM 1.3tRM 113.2b15.4x17.4x1.6x
Wed, 07 Aug 2024RM 1.9tRM 1.2tRM 106.0b16.8x18x1.6x
Fri, 05 Jul 2024RM 2.0tRM 1.2tRM 105.6b17.7x19.1x1.6x
Sun, 02 Jun 2024RM 2.0tRM 1.2tRM 102.7b17.1x19.2x1.6x
Tue, 30 Apr 2024RM 1.9tRM 1.2tRM 99.8b16.6x19.2x1.6x
Thu, 28 Mar 2024RM 1.9tRM 1.2tRM 99.7b15.9x18.6x1.5x
Sat, 24 Feb 2024RM 1.8tRM 1.2tRM 87.8b16.1x21x1.5x
Mon, 22 Jan 2024RM 1.8tRM 1.2tRM 82.8b15.7x21.6x1.4x
Wed, 20 Dec 2023RM 1.8tRM 1.2tRM 82.9b15.2x21.2x1.4x
Fri, 17 Nov 2023RM 1.8tRM 1.2tRM 79.5b15.8x22.1x1.4x
Sun, 15 Oct 2023RM 1.7tRM 1.2tRM 79.2b15.7x21.9x1.4x
Tue, 12 Sep 2023RM 1.7tRM 1.2tRM 79.7b15.7x21.8x1.4x
Thu, 10 Aug 2023RM 1.7tRM 1.2tRM 81.9b14.8x21x1.4x
Sat, 08 Jul 2023RM 1.6tRM 1.2tRM 82.7b13.8x19.8x1.3x
Mon, 05 Jun 2023RM 1.6tRM 1.2tRM 82.7b13.8x19.9x1.3x
Wed, 03 May 2023RM 1.7tRM 1.2tRM 118.3b13.3x14.2x1.4x
Fri, 31 Mar 2023RM 1.7tRM 1.2tRM 118.8b13.5x14.1x1.4x
Sun, 26 Feb 2023RM 1.7tRM 1.2tRM 97.1b13.6x17.5x1.4x
Tue, 24 Jan 2023RM 1.7tRM 1.2tRM 138.8b13.2x12.4x1.4x
Thu, 22 Dec 2022RM 1.7tRM 1.2tRM 138.2b13.1x12x1.4x
Sat, 19 Nov 2022RM 1.6tRM 1.1tRM 134.0b13.4x12.1x1.4x
Mon, 17 Oct 2022RM 1.5tRM 1.1tRM 135.6b13.1x11.4x1.4x
Price to Earnings Ratio

11.4x


Total Market Cap: RM 1.5tTotal Earnings: RM 135.6bTotal Revenue: RM 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Market Price to Earnings3Y Average 17.4x202320242025
Current Market PE
  • Investors are relatively neutral on the Malaysian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 17.4x.
Past Earnings Growth
  • The earnings for Malaysian listed companies have declined 6.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Malaysian Market?

MY Market0.0087%
Tech1.72%
Consumer Staples1.41%
Consumer Discretionary0.81%
Healthcare0.49%
Energy0.23%
Materials0.22%
Industrials-0.032%
Telecom-0.15%
Real Estate-0.49%
Financials-0.66%
Utilities-1.29%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 31.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.5% which is higher than its past year's earnings decline of 9.8% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 11.0x.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 9.8% per year.
  • In contrast, the Real Estate sector is expected to see its earnings grow by 3.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
PMETAL Press Metal Aluminium Holdings BerhadRM 6.112.3%
+RM 1.2b		25.2%PE28xMaterials
PPB PPB Group BerhadRM 11.027.8%
+RM 1.1b		-24.0%PE12.8xConsumer Staples
TOPGLOV Top Glove Corporation BhdRM 0.6815.4%
+RM 721.6m		-36.3%PE40.9xHealthcare
PETGAS PETRONAS Gas BerhadRM 18.941.9%
+RM 712.3m		7.5%PE20.5xUtilities
SDG SD Guthrie BerhadRM 5.341.7%
+RM 622.4m		15.8%PE14.2xConsumer Staples
See more

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TOPGLOV
RM 0.68
Top Glove Corporation Bhd
7D
15.4%
1Y
-36.3%
GASMSIA
RM 4.72
Gas Malaysia Berhad
7D
9.3%
1Y
27.2%

Subdued Growth No Barrier To Gas Malaysia Berhad's (KLSE:GASMSIA) Price

Oct 09
Subdued Growth No Barrier To Gas Malaysia Berhad's (KLSE:GASMSIA) Price
SDG
RM 5.34
SD Guthrie Berhad
7D
1.7%
1Y
15.8%
YTLPOWR
RM 4.11
YTL Power International Berhad
7D
-4.6%
1Y
11.1%
IHH
RM 7.99
IHH Healthcare Berhad
7D
-1.7%
1Y
10.2%
KSL
RM 2.70
KSL Holdings Berhad
7D
-18.9%
1Y
49.2%

Does KSL Holdings Berhad (KLSE:KSL) Have A Healthy Balance Sheet?

Oct 06
Does KSL Holdings Berhad (KLSE:KSL) Have A Healthy Balance Sheet?
AXIATA
RM 2.58
Axiata Group Berhad
7D
-3.7%
1Y
7.1%

Monetization Of Digital Assets Like Link Net Will Unlock Value For Future Investments

Analysts have revised their price target for Axiata Group Berhad upward from RM2.78 to RM2.83. They attribute the change to improved profit margin forecasts, despite lower revenue growth expectations.
PETGAS
RM 18.94
PETRONAS Gas Berhad
7D
1.9%
1Y
7.5%

We Think PETRONAS Gas Berhad (KLSE:PETGAS) Can Manage Its Debt With Ease

Oct 01
We Think PETRONAS Gas Berhad (KLSE:PETGAS) Can Manage Its Debt With Ease
PPB
RM 11.02
PPB Group Berhad
7D
7.8%
1Y
-24.0%
PMETAL
RM 6.11
Press Metal Aluminium Holdings Berhad
7D
2.3%
1Y
25.2%

Earnings Not Telling The Story For Press Metal Aluminium Holdings Berhad (KLSE:PMETAL)

Sep 25
Earnings Not Telling The Story For Press Metal Aluminium Holdings Berhad (KLSE:PMETAL)
SUNCON
RM 6.19
Sunway Construction Group Berhad
7D
4.6%
1Y
36.0%

Sunway Construction Group Berhad (KLSE:SUNCON) Could Easily Take On More Debt

Sep 24
Sunway Construction Group Berhad (KLSE:SUNCON) Could Easily Take On More Debt
YTL
RM 2.66
YTL Corporation Berhad
7D
-5.0%
1Y
8.6%
GAMUDA
RM 5.35
Gamuda Berhad
7D
-2.7%
1Y
31.3%
CIMB
RM 7.50
CIMB Group Holdings Berhad
7D
-2.3%
1Y
-8.8%

CIMB Group Holdings Berhad's (KLSE:CIMB) Shareholders Will Receive A Smaller Dividend Than Last Year

Sep 15
CIMB Group Holdings Berhad's (KLSE:CIMB) Shareholders Will Receive A Smaller Dividend Than Last Year
HAPSENG
RM 2.99
Hap Seng Consolidated Berhad
7D
5.3%
1Y
-25.4%

Does Hap Seng Consolidated Berhad (KLSE:HAPSENG) Have A Healthy Balance Sheet?

Sep 12
Does Hap Seng Consolidated Berhad (KLSE:HAPSENG) Have A Healthy Balance Sheet?
PBBANK
RM 4.30
Public Bank Berhad
7D
-0.9%
1Y
-0.2%

Analysts Have Made A Financial Statement On Public Bank Berhad's (KLSE:PBBANK) Second-Quarter Report

Aug 29
Analysts Have Made A Financial Statement On Public Bank Berhad's (KLSE:PBBANK) Second-Quarter Report