Analysis Article • May 05
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Malaysian (KLSE) Food Industry Analysis
UpdatedMay 24, 2026
DataAggregated Company Financials
Companies85
- 7D-1.1%
- 3M-2.5%
- 1Y8.7%
- YTD-1.4%
Over the last 7 days, the Food industry has dropped 1.1%, driven by pullbacks in Nestlé (Malaysia) Berhad and PPB Group Berhad of 4.6% and 6.9%, respectively. This takes the industry's 12 month performance to a gain of 8.7%. As for the next few years, earnings are expected to grow by 10% per annum.
Industry Valuation and Performance
Has the Malaysian Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 May 2026 | RM 216.9b | RM 160.9b | RM 8.8b | 11.7x | 24.5x | 1.3x |
| Tue, 21 Apr 2026 | RM 225.4b | RM 161.0b | RM 8.8b | 11x | 25.6x | 1.4x |
| Thu, 19 Mar 2026 | RM 221.2b | RM 161.0b | RM 8.8b | 10.5x | 25.1x | 1.4x |
| Sat, 14 Feb 2026 | RM 221.4b | RM 160.1b | RM 13.3b | 10.8x | 16.7x | 1.4x |
| Mon, 12 Jan 2026 | RM 225.5b | RM 159.9b | RM 13.3b | 11.6x | 17x | 1.4x |
| Wed, 10 Dec 2025 | RM 215.4b | RM 159.7b | RM 13.3b | 11.2x | 16.2x | 1.3x |
| Fri, 07 Nov 2025 | RM 217.1b | RM 156.7b | RM 13.6b | 12.2x | 16x | 1.4x |
| Sun, 05 Oct 2025 | RM 207.6b | RM 156.2b | RM 13.3b | 11.8x | 15.6x | 1.3x |
| Tue, 02 Sep 2025 | RM 200.0b | RM 156.2b | RM 13.3b | 11.5x | 15.1x | 1.3x |
| Thu, 31 Jul 2025 | RM 200.1b | RM 174.5b | RM 13.3b | 11.2x | 15x | 1.1x |
| Sat, 28 Jun 2025 | RM 199.5b | RM 174.6b | RM 13.2b | 10.9x | 15.1x | 1.1x |
| Mon, 26 May 2025 | RM 204.1b | RM 170.0b | RM 13.3b | 11.3x | 15.4x | 1.2x |
| Wed, 23 Apr 2025 | RM 201.2b | RM 168.5b | RM 12.8b | 10.7x | 15.7x | 1.2x |
| Fri, 21 Mar 2025 | RM 201.6b | RM 168.3b | RM 12.8b | 10.7x | 15.7x | 1.2x |
| Sun, 16 Feb 2025 | RM 209.5b | RM 164.3b | RM 12.0b | 12.1x | 17.5x | 1.3x |
| Tue, 14 Jan 2025 | RM 209.0b | RM 163.5b | RM 11.7b | 11.5x | 17.8x | 1.3x |
| Thu, 12 Dec 2024 | RM 216.3b | RM 164.2b | RM 11.9b | 12.2x | 18.1x | 1.3x |
| Sat, 09 Nov 2024 | RM 218.3b | RM 160.5b | RM 12.1b | 13.7x | 18.1x | 1.4x |
| Mon, 07 Oct 2024 | RM 212.4b | RM 160.7b | RM 12.0b | 12.5x | 17.7x | 1.3x |
| Wed, 04 Sep 2024 | RM 212.1b | RM 160.5b | RM 12.0b | 12.4x | 17.7x | 1.3x |
| Fri, 02 Aug 2024 | RM 214.0b | RM 156.9b | RM 10.9b | 14.3x | 19.5x | 1.4x |
| Sun, 30 Jun 2024 | RM 209.2b | RM 155.6b | RM 10.8b | 13.9x | 19.4x | 1.3x |
| Tue, 28 May 2024 | RM 215.8b | RM 154.4b | RM 10.0b | 15.4x | 21.6x | 1.4x |
| Thu, 25 Apr 2024 | RM 217.3b | RM 155.0b | RM 10.0b | 14.8x | 21.7x | 1.4x |
| Sat, 23 Mar 2024 | RM 211.0b | RM 154.8b | RM 10.0b | 14.5x | 21.1x | 1.4x |
| Mon, 19 Feb 2024 | RM 207.1b | RM 156.8b | RM 10.6b | 13.7x | 19.5x | 1.3x |
| Wed, 17 Jan 2024 | RM 208.8b | RM 158.2b | RM 10.8b | 13.5x | 19.4x | 1.3x |
| Fri, 15 Dec 2023 | RM 204.2b | RM 158.2b | RM 10.8b | 13x | 18.9x | 1.3x |
| Sun, 12 Nov 2023 | RM 203.6b | RM 162.4b | RM 10.7b | 13.3x | 19x | 1.3x |
| Tue, 10 Oct 2023 | RM 202.2b | RM 162.3b | RM 10.7b | 13.4x | 18.9x | 1.2x |
| Thu, 07 Sep 2023 | RM 205.4b | RM 162.7b | RM 10.7b | 13.6x | 19.1x | 1.3x |
| Sat, 05 Aug 2023 | RM 209.8b | RM 172.8b | RM 13.6b | 11.9x | 15.4x | 1.2x |
| Mon, 03 Jul 2023 | RM 200.9b | RM 173.1b | RM 13.7b | 11.5x | 14.7x | 1.2x |
| Wed, 31 May 2023 | RM 204.1b | RM 178.6b | RM 14.2b | 11.1x | 14.4x | 1.1x |
Price to Earnings Ratio
14.4x
Current Industry PE
- Investors are optimistic on the Malaysian Food industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 24.5x which is higher than its 3-year average PE of 18.1x.
- The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 15% per year over the last three years,
- Revenues have also declined 3.4% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Malaysian Consumer Staples industry?
| MY Market | -1.19% | |
| Consumer Staples | -0.54% | |
| Food | -1.05% | |
| Agricultural Products | 0.081% | |
| Packaged Foods and Meats | -3.29% | |
Industry PE
- Investors are most optimistic about the Agricultural Products industry, which is trading close to its 3-year average PE ratio of 16.6x.
- Analysts are expecting annual earnings growth of 1.3%, which is lower than the prior year's growth of 8.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 7.3% per year.
- In contrast, the Agricultural Products industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| IOICORP IOI Corporation Berhad | RM 4.09 | 1.2% +RM 314.3m | 11.4% | PE16.1x | |
| SDG SD Guthrie Berhad | RM 5.94 | 0.5% +RM 207.5m | 27.2% | PE16.5x | |
| FAREAST Far East Holdings Berhad | RM 4.10 | 5.4% +RM 124.7m | 13.9% | PE10.3x | |
| GENP Genting Plantations Berhad | RM 5.33 | 2.5% +RM 116.6m | 9.9% | PE13.2x | |
| QL QL Resources Berhad | RM 3.65 | 0.8% +RM 109.5m | -20.5% | PE31x |