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Malaysian (KLSE) Healthcare Sector Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies33
  • 7D-1.5%
  • 3M4.2%
  • 1Y5.2%
  • YTD3.0%

Over the last 7 days, the Healthcare industry has dropped 1.5%, driven by a pullback from IHH Healthcare Berhad of 0.6%. Meanwhile, KPJ Healthcare Berhad actually outperformed within the industry, gaining 5.9% in the last week. In the past year, the industry has gained 5.2%. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Mar 2026RM 112.4bRM 46.3bRM 2.7b22.3x41.5x2.4x
Wed, 04 Feb 2026RM 111.4bRM 46.6bRM 2.9b22.9x38.1x2.4x
Fri, 02 Jan 2026RM 112.4bRM 47.5bRM 3.0b23.3x37.5x2.4x
Sun, 30 Nov 2025RM 106.7bRM 47.4bRM 3.0b24.6x36x2.3x
Tue, 28 Oct 2025RM 109.9bRM 42.6bRM 2.8b26.6x39.4x2.6x
Thu, 25 Sep 2025RM 98.4bRM 42.6bRM 2.7b25x36.2x2.3x
Sat, 23 Aug 2025RM 94.7bRM 42.4bRM 3.0b24.3x32x2.2x
Mon, 21 Jul 2025RM 93.2bRM 42.4bRM 3.0b23.5x31.3x2.2x
Wed, 18 Jun 2025RM 97.6bRM 42.1bRM 3.0b23.1x32.7x2.3x
Fri, 16 May 2025RM 103.6bRM 41.4bRM 3.2b23.3x32.8x2.5x
Sun, 13 Apr 2025RM 101.9bRM 41.3bRM 3.2b20x32.2x2.5x
Tue, 11 Mar 2025RM 104.9bRM 41.0bRM 3.1b20.7x34x2.6x
Thu, 06 Feb 2025RM 113.9bRM 39.0bRM 3.1b21x37.2x2.9x
Sat, 04 Jan 2025RM 118.0bRM 39.0bRM 3.1b22.4x38.6x3x
Mon, 02 Dec 2024RM 113.9bRM 38.5bRM 3.0b22.8x38.1x3x
Wed, 30 Oct 2024RM 109.1bRM 38.1bRM 3.1b23.4x35x2.9x
Fri, 27 Sep 2024RM 106.5bRM 37.7bRM 2.7b23.6x40x2.8x
Sun, 25 Aug 2024RM 97.8bRM 36.3bRM 2.3b24x41.8x2.7x
Tue, 23 Jul 2024RM 102.8bRM 36.1bRM 2.5b23.7x40.3x2.8x
Thu, 20 Jun 2024RM 102.5bRM 36.0bRM 2.4b23.6x43.4x2.9x
Sat, 18 May 2024RM 105.1bRM 35.0bRM 2.6b21.9x41x3x
Mon, 15 Apr 2024RM 95.6bRM 35.0bRM 2.6b21.6x37.3x2.7x
Wed, 13 Mar 2024RM 91.9bRM 34.9bRM 2.4b20.7x38.3x2.6x
Fri, 09 Feb 2024RM 92.9bRM 35.5bRM 1.8b19.1x52.5x2.6x
Sun, 07 Jan 2024RM 94.1bRM 35.5bRM 1.7b23.2x55.1x2.6x
Tue, 05 Dec 2023RM 87.7bRM 35.7bRM 1.6b21.9x54.9x2.5x
Thu, 02 Nov 2023RM 85.1bRM 33.7bRM 1.3b24.8x67.9x2.5x
Sat, 30 Sep 2023RM 84.0bRM 34.2bRM 1.7b23.8x50.9x2.5x
Mon, 28 Aug 2023RM 85.3bRM 33.9bRM 2.0b24.9x43.1x2.5x
Wed, 26 Jul 2023RM 85.4bRM 34.6bRM 1.9b21.3x44.7x2.5x
Fri, 23 Jun 2023RM 84.6bRM 34.6bRM 2.0b21.6x42.8x2.4x
Sun, 21 May 2023RM 91.1bRM 34.5bRM 1.2b21.8x74.4x2.6x
Tue, 18 Apr 2023RM 87.5bRM 35.5bRM 1.5b21.3x58.7x2.5x
Thu, 16 Mar 2023RM 81.8bRM 36.3bRM 1.7b19.6x46.9x2.3x
Price to Earnings Ratio

46.9x


Total Market Cap: RM 81.8bTotal Earnings: RM 1.7bTotal Revenue: RM 36.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Healthcare Sector Price to Earnings3Y Average 42.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Malaysian Healthcare 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 42.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 8.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

MY Market-1.05%
Healthcare-1.48%
Pharma0.16%
Healthtech0%0
Healthcare Services-1.22%
Medical Equipment-4.11%
Life Sciences-4.88%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 26.3x.
    • Analysts are expecting annual earnings growth of 11.1%, which is higher than its past year's earnings decline of 3.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Pharma industry is expected to see its earnings grow by 8.6% 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
KPJ KPJ Healthcare BerhadRM 3.092.0%
+RM 310.3m		12.0%PE37.3x
LKL LKL International BerhadRM 0.03516.7%
+RM 1.9m		-58.8%PS0.2x

Latest News

IHH
RM 8.65
IHH Healthcare Berhad
7D
-3.4%
1Y
18.5%
KPJ
RM 3.09
KPJ Healthcare Berhad
7D
2.0%
1Y
12.0%
SUPERMX
RM 0.25
Supermax Corporation Berhad
7D
-7.4%
1Y
-66.2%
TOPGLOV
RM 0.55
Top Glove Corporation Bhd
7D
-1.8%
1Y
-35.3%
DPHARMA
RM 1.39
Duopharma Biotech Berhad
7D
-4.1%
1Y
16.8%
LKL
RM 0.035
LKL International Berhad
7D
16.7%
1Y
-58.8%
LACMED
RM 0.80
LAC Med Berhad
7D
-13.5%
1Y
n/a
HARTA
RM 0.81
Hartalega Holdings Berhad
7D
-5.3%
1Y
-59.9%
TMCLIFE
RM 0.49
TMC Life Sciences Berhad
7D
-9.3%
1Y
19.5%
PHARMA
RM 0.24
Pharmaniaga Berhad
7D
-14.3%
1Y
9.1%