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Malaysian (KLSE) Oil and Gas Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies11
  • 7D-0.5%
  • 3M5.8%
  • 1Y26.2%
  • YTD6.8%

Over the last 7 days, the Oil and Gas industry has remained flat, although notably Elridge Energy Holdings Berhad gained 3.3%. The past year has been better, since the industry has gained 26% in that time. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

Has the Malaysian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026RM 7.4bRM 33.9bRM 202.2m10.9x36.6x0.2x
Thu, 19 Mar 2026RM 7.9bRM 33.9bRM 202.2m11.8x38.9x0.2x
Sat, 14 Feb 2026RM 7.8bRM 34.1bRM 53.4m11.2x146.9x0.2x
Mon, 12 Jan 2026RM 7.1bRM 34.1bRM 46.0m12.4x154.5x0.2x
Wed, 10 Dec 2025RM 8.6bRM 34.1bRM 46.0m15.1x187.5x0.3x
Fri, 07 Nov 2025RM 5.3bRM 34.0b-RM 229,822,673.0013.5x-22.8x0.2x
Sun, 05 Oct 2025RM 28.4bRM 70.9bRM 913.5m18.4x31.1x0.4x
Tue, 02 Sep 2025RM 25.9bRM 70.9bRM 913.5m16x28.4x0.4x
Thu, 31 Jul 2025RM 26.4bRM 74.3bRM 1.0b15.1x26.1x0.4x
Sat, 28 Jun 2025RM 26.1bRM 74.0bRM 1.0b14.7x25.3x0.4x
Mon, 26 May 2025RM 23.6bRM 76.7bRM 1.2b14.5x19.4x0.3x
Wed, 23 Apr 2025RM 23.5bRM 78.0bRM 1.4b13.6x17.3x0.3x
Fri, 21 Mar 2025RM 22.0bRM 78.0bRM 1.4b13x16.2x0.3x
Sun, 16 Feb 2025RM 24.6bRM 82.1bRM 1.1b10x22x0.3x
Tue, 14 Jan 2025RM 24.4bRM 82.1bRM 1.1b11.5x22.2x0.3x
Thu, 12 Dec 2024RM 25.1bRM 82.1bRM 1.1b11.5x22.9x0.3x
Sat, 09 Nov 2024RM 23.2bRM 82.1bRM 1.0b11x22.6x0.3x
Mon, 07 Oct 2024RM 23.6bRM 82.1bRM 1.0b12.4x23x0.3x
Wed, 04 Sep 2024RM 25.9bRM 82.1bRM 1.0b12.6x25.2x0.3x
Fri, 02 Aug 2024RM 22.3bRM 78.9bRM 1.1b17.9x20.2x0.3x
Sun, 30 Jun 2024RM 22.2bRM 78.9bRM 1.1b11.9x20.2x0.3x
Tue, 28 May 2024RM 25.1bRM 77.9bRM 1.1b11.9x22.3x0.3x
Thu, 25 Apr 2024RM 27.0bRM 76.4bRM 1.1b10.1x25.5x0.4x
Sat, 23 Mar 2024RM 26.7bRM 76.4bRM 1.1b10.6x25.2x0.3x
Mon, 19 Feb 2024RM 27.3bRM 74.8bRM 1.0b8.6x26.2x0.4x
Wed, 17 Jan 2024RM 26.2bRM 74.8bRM 1.0b8.8x25.1x0.4x
Fri, 15 Dec 2023RM 26.6bRM 74.8bRM 1.0b8.9x25.4x0.4x
Sun, 12 Nov 2023RM 27.8bRM 77.4bRM 433.1m8.5x64.1x0.4x
Tue, 10 Oct 2023RM 27.5bRM 77.4bRM 433.1m8x63.6x0.4x
Thu, 07 Sep 2023RM 27.7bRM 77.4bRM 433.1m8x64x0.4x
Sat, 05 Aug 2023RM 27.5bRM 83.5bRM 1.4b10.9x20x0.3x
Mon, 03 Jul 2023RM 26.7bRM 83.5bRM 1.4b9.7x19.4x0.3x
Wed, 31 May 2023RM 26.5bRM 83.4bRM 1.3b11.2x19.8x0.3x
Fri, 28 Apr 2023RM 27.2bRM 82.7bRM 1.5b12.1x18x0.3x
Price to Earnings Ratio

18x


Total Market Cap: RM 27.2bTotal Earnings: RM 1.5bTotal Revenue: RM 82.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Oil and Gas Industry Price to Earnings3Y Average 34.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Malaysian Oil and Gas industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 34.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.31x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 49% per year over the last three years,
  • Revenues have also declined 26% 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 Energy industry?

MY Market1.47%
Energy-3.74%
Oil and Gas-0.46%
Coal and Fuels3.57%
Oil and Gas Storage and Transportation1.55%
Oil and Gas Refining and Marketing-3.38%
Oil and Gas Exploration and Production-4.09%
Industry PE
  • Investors are most optimistic about the Oil and Gas Exploration and Production industry which is trading above its 3-year average PE ratio of 8.9x.
    • Analysts are expecting annual earnings growth of 33.2%, which is higher than its past year's earnings decline of 86.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Exploration and Production industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 87% per year.
  • In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
ELRIDGE Elridge Energy Holdings BerhadRM 0.933.3%
+RM 60.0m		60.3%PE32.5x

Latest News

ELRIDGE
RM 0.93
Elridge Energy Holdings Berhad
7D
3.3%
1Y
60.3%

Elridge Sees Quiet Accumulation as Urusharta Builds Position

ELRIDGE Energy Holdings Berhad is starting to see steady institutional accumulation , with substantial shareholder Urusharta Jamaah Sdn. Bhd.
HIBISCS
RM 2.04
Hibiscus Petroleum Berhad
7D
-5.6%
1Y
35.1%

HIBISCS: Future Production And Solar Project Will Support Balanced Risk Outlook

Analysts have nudged their price target on Hibiscus Petroleum Berhad slightly higher to MYR2.10, citing a modestly lower discount rate, a smaller projected revenue decline and a slightly stronger profit margin outlook, along with a marginally reduced future P/E assumption. What's in the News Issued sales guidance for 3Q 2026 at 2.3 MMboe and 4Q 2026 at 2.4 MMboe, with full year fiscal 2026 sales volume expected at 9.1 MMboe, covering oil, condensate and gas net to the Group (Corporate guidance).
HENGYUAN
RM 1.13
Hengyuan Refining Company Berhad
7D
-5.0%
1Y
-24.2%
JAGCPTL
RM 0.98
JAG Capital Berhad
7D
-0.5%
1Y
75.9%
STRAITS
RM 0.075
Straits Energy Resources Berhad
7D
-6.3%
1Y
-16.7%
AVANGAAD
RM 0.30
Avangaad Berhad
7D
-1.6%
1Y
7.1%