Narrative Update • May 09

In the last week, the Banks industry is up 2.5%, with Public Bank Berhad up 4.3%. This means that the industry has gained 13% over the past year. Looking forward, earnings are forecast to grow by 5.4% annually.
Has the Malaysian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 11 May 2026 | RM 467.1b | RM 100.9b | RM 40.9b | 10.8x | 11.4x | 4.6x |
| Wed, 08 Apr 2026 | RM 449.0b | RM 100.9b | RM 40.9b | 10.3x | 11x | 4.4x |
| Fri, 06 Mar 2026 | RM 478.6b | RM 100.9b | RM 40.9b | 11x | 11.7x | 4.7x |
| Sun, 01 Feb 2026 | RM 492.1b | RM 100.2b | RM 40.4b | 12x | 12.2x | 4.9x |
| Tue, 30 Dec 2025 | RM 449.5b | RM 100.2b | RM 40.4b | 10.8x | 11.1x | 4.5x |
| Thu, 27 Nov 2025 | RM 425.7b | RM 99.6b | RM 40.3b | 10.3x | 10.6x | 4.3x |
| Sat, 25 Oct 2025 | RM 415.2b | RM 99.3b | RM 40.3b | 9.9x | 10.3x | 4.2x |
| Mon, 22 Sep 2025 | RM 410.2b | RM 99.3b | RM 40.3b | 9.8x | 10.2x | 4.1x |
| Wed, 20 Aug 2025 | RM 415.2b | RM 98.5b | RM 40.1b | 10.2x | 10.4x | 4.2x |
| Fri, 18 Jul 2025 | RM 392.8b | RM 98.3b | RM 40.0b | 9.2x | 9.8x | 4x |
| Sun, 15 Jun 2025 | RM 400.6b | RM 98.3b | RM 40.0b | 9.4x | 10x | 4.1x |
| Tue, 13 May 2025 | RM 410.2b | RM 97.2b | RM 39.9b | 9.6x | 10.3x | 4.2x |
| Thu, 10 Apr 2025 | RM 384.4b | RM 97.2b | RM 39.9b | 8.8x | 9.6x | 4x |
| Sat, 08 Mar 2025 | RM 435.7b | RM 97.2b | RM 39.9b | 10.4x | 10.9x | 4.5x |
| Mon, 03 Feb 2025 | RM 429.4b | RM 94.8b | RM 39.2b | 10.6x | 10.9x | 4.5x |
| Wed, 01 Jan 2025 | RM 435.7b | RM 94.8b | RM 39.2b | 10.4x | 11.1x | 4.6x |
| Fri, 29 Nov 2024 | RM 433.8b | RM 93.4b | RM 38.5b | 10.8x | 11.3x | 4.6x |
| Sun, 27 Oct 2024 | RM 436.5b | RM 92.4b | RM 38.2b | 10.9x | 11.4x | 4.7x |
| Tue, 24 Sep 2024 | RM 445.9b | RM 92.4b | RM 38.2b | 11.1x | 11.7x | 4.8x |
| Thu, 22 Aug 2024 | RM 434.0b | RM 90.8b | RM 37.3b | 10.9x | 11.6x | 4.8x |
| Sat, 20 Jul 2024 | RM 403.8b | RM 90.6b | RM 37.1b | 10x | 10.9x | 4.5x |
| Mon, 17 Jun 2024 | RM 395.0b | RM 90.6b | RM 37.1b | 9.8x | 10.6x | 4.4x |
| Wed, 15 May 2024 | RM 393.8b | RM 88.5b | RM 36.5b | 10.2x | 10.8x | 4.4x |
| Fri, 12 Apr 2024 | RM 388.9b | RM 88.5b | RM 36.5b | 10.1x | 10.7x | 4.4x |
| Sun, 10 Mar 2024 | RM 392.2b | RM 88.5b | RM 36.5b | 10.2x | 10.8x | 4.4x |
| Tue, 06 Feb 2024 | RM 382.8b | RM 89.9b | RM 36.2b | 10.1x | 10.6x | 4.3x |
| Thu, 04 Jan 2024 | RM 367.7b | RM 89.9b | RM 36.2b | 9.8x | 10.2x | 4.1x |
| Sat, 02 Dec 2023 | RM 369.9b | RM 90.1b | RM 36.2b | 10x | 10.2x | 4.1x |
| Mon, 30 Oct 2023 | RM 367.2b | RM 89.5b | RM 35.0b | 9.8x | 10.5x | 4.1x |
| Wed, 27 Sep 2023 | RM 365.2b | RM 89.5b | RM 35.0b | 9.6x | 10.4x | 4.1x |
| Fri, 25 Aug 2023 | RM 365.0b | RM 88.1b | RM 33.6b | 10.5x | 10.9x | 4.1x |
| Sun, 23 Jul 2023 | RM 354.8b | RM 88.1b | RM 33.7b | 10x | 10.5x | 4x |
| Tue, 20 Jun 2023 | RM 344.1b | RM 88.1b | RM 33.7b | 9.6x | 10.2x | 3.9x |
| Thu, 18 May 2023 | RM 350.2b | RM 87.4b | RM 32.5b | 9.8x | 10.8x | 4x |
10.8x
Which industries have driven the changes within the Malaysian Financials industry?
| MY Market | 1.28% | |
| Financials | 2.44% | |
| Banks | 2.48% | |
| Diversified Banks | 2.50% | |
| Regional Banks | 0.73% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PBBANK Public Bank Berhad | RM 4.88 | 4.3% +RM 3.9b | 9.9% | PB1.6x | |
| CIMB CIMB Group Holdings Berhad | RM 7.93 | 3.5% +RM 2.9b | 15.4% | PB1.2x | |
| MAYBANK Malayan Banking Berhad | RM 11.18 | 0.9% +RM 1.2b | 13.0% | PB1.4x | |
| AMBANK AMMB Holdings Berhad | RM 6.44 | 4.7% +RM 959.0m | 22.2% | PB1x | |
| HLBANK Hong Leong Bank Berhad | RM 22.62 | 1.6% +RM 738.1m | 13.4% | PB1.2x |