Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Malaysian (KLSE) Healthcare Sector Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies34
  • 7D0.06%
  • 3M-1.6%
  • 1Y-5.0%
  • YTD-0.9%

In the last week, the Healthcare industry is flat overall, with Hartalega Holdings Berhad standing out by going down 6.7%. As for the longer term, the industry has declined 5.0% in the last year. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Jan 2026RM 110.0bRM 47.5bRM 3.0b24.5x36.7x2.3x
Mon, 22 Dec 2025RM 110.6bRM 47.5bRM 3.0b23.5x36.9x2.3x
Wed, 19 Nov 2025RM 106.7bRM 46.5bRM 2.9b23.7x37.2x2.3x
Fri, 17 Oct 2025RM 106.8bRM 42.6bRM 2.8b26.1x38.3x2.5x
Sun, 14 Sep 2025RM 96.9bRM 42.6bRM 2.7b24.4x35.6x2.3x
Tue, 12 Aug 2025RM 96.4bRM 42.4bRM 3.0b23.5x32.5x2.3x
Thu, 10 Jul 2025RM 95.2bRM 42.4bRM 3.0b23.2x31.9x2.2x
Sat, 07 Jun 2025RM 99.6bRM 42.1bRM 3.0b22.8x33.4x2.4x
Mon, 05 May 2025RM 105.6bRM 41.3bRM 3.2b23.4x33.4x2.6x
Wed, 02 Apr 2025RM 100.5bRM 41.3bRM 3.2b22.3x31.7x2.4x
Fri, 28 Feb 2025RM 106.6bRM 39.5bRM 3.1b21.9x34.6x2.7x
Sun, 26 Jan 2025RM 112.2bRM 39.0bRM 3.1b21.1x36.7x2.9x
Tue, 24 Dec 2024RM 115.2bRM 39.0bRM 3.1b23.2x37.7x3x
Thu, 21 Nov 2024RM 113.1bRM 38.5bRM 3.1b22.9x36.8x2.9x
Sat, 19 Oct 2024RM 108.1bRM 38.1bRM 3.1b23.6x34.6x2.8x
Mon, 16 Sep 2024RM 99.8bRM 37.7bRM 2.7b22.5x37.6x2.6x
Wed, 14 Aug 2024RM 96.1bRM 36.2bRM 2.6b22.1x36.5x2.7x
Fri, 12 Jul 2024RM 104.0bRM 36.1bRM 2.5b24x40.9x2.9x
Sun, 09 Jun 2024RM 102.7bRM 36.0bRM 2.4b23.6x43.5x2.9x
Tue, 07 May 2024RM 99.5bRM 35.0bRM 2.6b21x38.8x2.8x
Thu, 04 Apr 2024RM 95.0bRM 35.0bRM 2.6b22.1x37x2.7x
Sat, 02 Mar 2024RM 91.7bRM 36.4bRM 2.4b20.9x38.3x2.5x
Mon, 29 Jan 2024RM 94.5bRM 35.5bRM 1.7b23.2x55.3x2.7x
Wed, 27 Dec 2023RM 92.0bRM 35.5bRM 1.7b22.9x53.9x2.6x
Fri, 24 Nov 2023RM 89.2bRM 33.3bRM 1.3b24.6x69.5x2.7x
Sun, 22 Oct 2023RM 85.0bRM 33.7bRM 1.3b23.6x68x2.5x
Tue, 19 Sep 2023RM 85.7bRM 34.2bRM 1.7b23.8x51.9x2.5x
Thu, 17 Aug 2023RM 86.3bRM 34.0bRM 1.7b22.6x49.8x2.5x
Sat, 15 Jul 2023RM 83.9bRM 34.6bRM 1.9b21.3x43.9x2.4x
Mon, 12 Jun 2023RM 86.0bRM 35.6bRM 2.1b21.5x40.5x2.4x
Wed, 10 May 2023RM 88.1bRM 35.2bRM 1.4b21.6x63.7x2.5x
Fri, 07 Apr 2023RM 85.7bRM 35.5bRM 1.5b21.5x57.4x2.4x
Sun, 05 Mar 2023RM 81.7bRM 36.3bRM 1.7b19.9x47.4x2.3x
Tue, 31 Jan 2023RM 85.0bRM 41.6bRM 3.3b18.4x25.9x2x
Price to Earnings Ratio

25.9x


Total Market Cap: RM 85.0bTotal Earnings: RM 3.3bTotal Revenue: RM 41.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Healthcare Sector Price to Earnings3Y Average 42.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Malaysian Healthcare 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 36.7x which is lower than its 3-year average PE of 42.3x.
  • 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 declined 3.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

MY Market0.035%
Healthcare0.065%
Life Sciences10.00%
Healthcare Services0.54%
Healthtech0%0
Pharma-0.61%
Medical Equipment-3.30%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio of 26.0x.
    • Analysts are expecting annual earnings growth of 9.0%, which is higher than its past year's earnings decline of 8.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 9.0% 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
IHH IHH Healthcare BerhadRM 8.602.6%
+RM 1.9b		19.6%PE33x
PMCK PMCK BerhadRM 0.239.5%
+RM 21.8m		n/aPE22.1x
KPJ KPJ Healthcare BerhadRM 2.770%
RM 6.9m		22.6%PE34.8x
FOCUSP Focus Point Holdings BerhadRM 0.491.0%
+RM 3.1m		-20.5%PE9.6x
TOPVISN Topvision Eye Specialist BerhadRM 0.172.9%
+RM 1.5m		-30.0%PS1.2x

Latest News

PHARMA
RM 0.28
Pharmaniaga Berhad
7D
-3.4%
1Y
-10.9%
ALPHA
RM 0.29
Alpha IVF Group Berhad
7D
-1.7%
1Y
-10.8%
HONGSENG
RM 0.005
Hong Seng Consolidated Berhad
7D
-50.0%
1Y
-50.0%
UMC
RM 0.32
UMediC Group Berhad
7D
-7.4%
1Y
-47.1%
IHH
RM 8.60
IHH Healthcare Berhad
7D
2.6%
1Y
19.6%

Investor Optimism Abounds IHH Healthcare Berhad (KLSE:IHH) But Growth Is Lacking

Jan 12
Investor Optimism Abounds IHH Healthcare Berhad (KLSE:IHH) But Growth Is Lacking
TOPVISN
RM 0.17
Topvision Eye Specialist Berhad
7D
2.9%
1Y
-30.0%

Topvision Eye Specialist Berhad (KLSE:TOPVISN) Might Be Having Difficulty Using Its Capital Effectively

Jan 06
Topvision Eye Specialist Berhad (KLSE:TOPVISN) Might Be Having Difficulty Using Its Capital Effectively
LACMED
RM 1.02
LAC Med Berhad
7D
-12.1%
1Y
n/a
FOCUSP
RM 0.49
Focus Point Holdings Berhad
7D
1.0%
1Y
-20.5%
TOPGLOV
RM 0.60
Top Glove Corporation Bhd
7D
-4.0%
1Y
-50.4%

Shareholders May Find It Hard To Justify Increasing Top Glove Corporation Bhd.'s (KLSE:TOPGLOV) CEO Compensation For Now

Jan 01
Shareholders May Find It Hard To Justify Increasing Top Glove Corporation Bhd.'s (KLSE:TOPGLOV) CEO Compensation For Now
KPJ
RM 2.77
KPJ Healthcare Berhad
7D
0%
1Y
22.6%

Should You Be Adding KPJ Healthcare Berhad (KLSE:KPJ) To Your Watchlist Today?

Dec 29
Should You Be Adding KPJ Healthcare Berhad (KLSE:KPJ) To Your Watchlist Today?
PMCK
RM 0.23
PMCK Berhad
7D
9.5%
1Y
n/a
SUPERMX
RM 0.32
Supermax Corporation Berhad
7D
-3.1%
1Y
-65.9%
HARTA
RM 0.91
Hartalega Holdings Berhad
7D
-6.7%
1Y
-73.1%

Time To Worry? Analysts Are Downgrading Their Hartalega Holdings Berhad (KLSE:HARTA) Outlook

Nov 12
Time To Worry? Analysts Are Downgrading Their Hartalega Holdings Berhad (KLSE:HARTA) Outlook