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Malaysian (KLSE) Energy Sector Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies33
  • 7D-2.8%
  • 3M8.0%
  • 1Y15.1%
  • YTD7.1%

The Energy industry is up 4.2% in the last week, with Dialog Group Berhad up 7.1%. During this same period, the Elridge Energy Holdings Berhad underperformed, falling 36%. This takes the industry's 12 month performance to a gain of 18%. Earnings are forecast to grow by 4.0% annually.

Sector Valuation and Performance

Has the Malaysian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026RM 40.4bRM 59.3bRM 7.2b9x5.6x0.7x
Fri, 06 Feb 2026RM 37.4bRM 60.7bRM 6.8b8.1x5.5x0.6x
Sun, 04 Jan 2026RM 37.6bRM 60.7bRM 6.8b7.9x5.6x0.6x
Tue, 02 Dec 2025RM 35.2bRM 55.6bRM 2.7b7.5x12.9x0.6x
Thu, 30 Oct 2025RM 58.0bRM 94.2bRM 3.7b8.3x15.8x0.6x
Sat, 27 Sep 2025RM 58.8bRM 94.2bRM 3.7b8.7x16x0.6x
Mon, 25 Aug 2025RM 57.5bRM 97.5bRM 4.1b7.7x14.2x0.6x
Wed, 23 Jul 2025RM 54.4bRM 99.9bRM 4.3b6.9x12.7x0.5x
Fri, 20 Jun 2025RM 53.9bRM 100.5bRM 4.4b6.4x12.2x0.5x
Sun, 18 May 2025RM 52.9bRM 105.4bRM 4.4b6.7x12x0.5x
Tue, 15 Apr 2025RM 47.5bRM 105.5bRM 4.4b6.2x10.7x0.5x
Thu, 13 Mar 2025RM 47.0bRM 106.8bRM 4.6b6.3x10.2x0.4x
Sat, 08 Feb 2025RM 57.1bRM 112.4bRM 4.4b7.4x12.9x0.5x
Mon, 06 Jan 2025RM 59.5bRM 112.4bRM 4.4b8x13.4x0.5x
Wed, 04 Dec 2024RM 57.4bRM 113.4bRM 4.5b7.8x12.9x0.5x
Fri, 01 Nov 2024RM 57.3bRM 113.0bRM 4.0b8.5x14.3x0.5x
Sun, 29 Sep 2024RM 57.9bRM 113.9bRM 4.0b9.3x14.4x0.5x
Tue, 27 Aug 2024RM 64.1bRM 111.4bRM 4.0b10.8x15.9x0.6x
Thu, 25 Jul 2024RM 59.5bRM 109.8bRM 3.2b12.3x18.5x0.5x
Sat, 22 Jun 2024RM 59.6bRM 109.7bRM 3.2b11.9x18.4x0.5x
Mon, 20 May 2024RM 62.1bRM 106.5bRM 2.9b12.4x21.5x0.6x
Wed, 17 Apr 2024RM 61.3bRM 106.7bRM 2.9b11.6x21.4x0.6x
Fri, 15 Mar 2024RM 59.3bRM 105.9bRM 2.7b11.1x21.6x0.6x
Sun, 11 Feb 2024RM 56.9bRM 103.4bRM 3.0b10.7x19x0.6x
Tue, 09 Jan 2024RM 57.2bRM 104.2bRM 2.0b9.1x27.9x0.5x
Thu, 07 Dec 2023RM 57.5bRM 103.1bRM 2.0b8.6x29.2x0.6x
Sat, 04 Nov 2023RM 59.4bRM 105.1bRM 1.4b8.9x42.1x0.6x
Mon, 02 Oct 2023RM 59.7bRM 105.1bRM 1.5b9.4x39.4x0.6x
Wed, 30 Aug 2023RM 57.6bRM 102.9bRM 673.3m8.7x85.5x0.6x
Fri, 28 Jul 2023RM 59.4bRM 108.0bRM 2.0b10.2x29.5x0.5x
Sun, 25 Jun 2023RM 55.5bRM 107.7bRM 2.0b9.8x28.2x0.5x
Tue, 23 May 2023RM 58.6bRM 104.4bRM 2.0b12.4x29.2x0.6x
Thu, 20 Apr 2023RM 59.2bRM 104.1bRM 1.9b12.5x30.5x0.6x
Sat, 18 Mar 2023RM 56.2bRM 102.8bRM 2.0b13.2x28.6x0.5x
Price to Earnings Ratio

28.6x


Total Market Cap: RM 56.2bTotal Earnings: RM 2.0bTotal Revenue: RM 102.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Energy Sector Price to Earnings3Y Average 20.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Malaysian Energy industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 5.9x which is lower than its 3-year average PE of 20.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.55x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 53% per year over the last three years.
  • Meanwhile revenues for these companies have declined 17% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Malaysian Energy sector?

MY Market-1.42%
Energy-2.82%
Energy Services-0.97%
Oil and Gas-9.83%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 33.4x.
    • Analysts are expecting annual earnings growth of 24.2%, which is higher than its past year's earnings decline of 17.6% per year.
  • Investors are most pessimistic about the Energy Services industry, which is trading below its 3-year average of 23.5x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Energy Services 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?

CompanyLast Price7D1YValuation
DIALOG Dialog Group BerhadRM 1.977.1%
+RM 733.5m		36.8%PE19.8x
HIBISCS Hibiscus Petroleum BerhadRM 2.117.1%
+RM 103.2m		47.6%PE31.7x
HENGYUAN Hengyuan Refining Company BerhadRM 1.4910.4%
+RM 84.0m		-9.7%PS0.07x
JAGCPTL JAG Capital BerhadRM 0.974.3%
+RM 22.3m		65.8%PE17.3x
PSP PSP Energy BerhadRM 0.1416.7%
+RM 21.4m		n/aPE10.5x

Latest News

HIBISCS
RM 2.11
Hibiscus Petroleum Berhad
7D
7.1%
1Y
47.6%

HIBISCS: Future Production Gains And Solar Project Will Not Prevent Downside

Analysts have raised their price target for Hibiscus Petroleum Berhad from MYR1.56 to MYR2.10, citing a lower discount rate, slightly softer expected revenue decline, healthier projected profit margins, and a higher assumed future P/E multiple. What's in the News Issued sales guidance for 3Q 2026 at 2.3 million barrels of oil equivalent (MMboe) of oil, condensate and gas, net to the group, and 4Q 2026 at 2.4 MMboe, with full year fiscal 2026 sales volume expected at 9.1 MMboe (Corporate guidance).
HANDAL
RM 0.04
Handal Energy Berhad
7D
33.3%
1Y
-11.1%
ELRIDGE
RM 0.92
Elridge Energy Holdings Berhad
7D
-35.7%
1Y
93.7%
PETRONM
RM 4.61
Petron Malaysia Refining & Marketing Bhd
7D
-3.6%
1Y
31.0%
HENGYUAN
RM 1.49
Hengyuan Refining Company Berhad
7D
10.4%
1Y
-9.7%
ARMADA
RM 0.33
Bumi Armada Berhad
7D
-13.2%
1Y
-35.3%
FAST
RM 0.035
Fast Energy Holdings Berhad
7D
40.0%
1Y
-36.4%
KEYFIELD
RM 1.44
Keyfield International Berhad
7D
-7.7%
1Y
-19.6%
WASCO
RM 0.97
Wasco Berhad
7D
-7.1%
1Y
12.1%
PENERGY
RM 0.70
Petra Energy Berhad
7D
6.1%
1Y
-36.4%
JAGCPTL
RM 0.97
JAG Capital Berhad
7D
4.3%
1Y
65.8%
DAYANG
RM 1.80
Dayang Enterprise Holdings Bhd
7D
-7.2%
1Y
20.0%
DIALOG
RM 1.97
Dialog Group Berhad
7D
7.1%
1Y
36.8%
YINSON
RM 2.30
Yinson Holdings Berhad
7D
-3.4%
1Y
-0.4%
PSP
RM 0.14
PSP Energy Berhad
7D
16.7%
1Y
n/a
VANTNRG
RM 0.40
Vantris Energy Berhad
7D
-9.1%
1Y
-42.9%