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Malaysian (KLSE) Healthcare Services Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies18
  • 7D-1.4%
  • 3M2.6%
  • 1Y25.1%
  • YTD2.5%

Over the last 7 days, the Healthcare Services industry has dropped 1.4%, driven by IHH Healthcare Berhad declining 1.8%. In contrast, Pharmaniaga Berhad has gained 5.8%. Over the past 12 months, the industry was up 25%. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the Malaysian Healthcare Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Jun 2026RM 118.2bRM 38.4bRM 3.0b27.5x39.7x3.1x
Wed, 06 May 2026RM 120.1bRM 37.8bRM 3.0b24.7x40.7x3.2x
Fri, 03 Apr 2026RM 123.4bRM 37.8bRM 3.0b23.8x41.8x3.3x
Sun, 01 Mar 2026RM 99.8bRM 36.1bRM 2.7b23.3x37x2.8x
Tue, 27 Jan 2026RM 95.0bRM 35.6bRM 2.9b24.6x33.1x2.7x
Thu, 25 Dec 2025RM 94.5bRM 35.6bRM 2.9b23.3x32.9x2.7x
Sat, 22 Nov 2025RM 89.2bRM 34.4bRM 2.7b25.4x32.8x2.6x
Mon, 20 Oct 2025RM 90.1bRM 30.5bRM 2.7b27.3x33.7x3x
Wed, 17 Sep 2025RM 79.0bRM 30.5bRM 2.7b25.2x29.5x2.6x
Fri, 15 Aug 2025RM 77.3bRM 30.1bRM 2.9b23.9x27x2.6x
Sun, 13 Jul 2025RM 73.3bRM 30.1bRM 2.9b22.6x25.7x2.4x
Tue, 10 Jun 2025RM 76.8bRM 30.0bRM 2.8b24.6x27x2.6x
Thu, 08 May 2025RM 78.2bRM 29.6bRM 3.0b23.7x25.8x2.6x
Sat, 05 Apr 2025RM 75.4bRM 29.6bRM 3.0b24.9x24.9x2.6x
Mon, 03 Mar 2025RM 79.8bRM 29.6bRM 3.0b25.1x26.3x2.7x
Wed, 29 Jan 2025RM 76.9bRM 28.1bRM 3.0b24.3x25.4x2.7x
Fri, 27 Dec 2024RM 77.9bRM 28.1bRM 3.0b25.4x25.7x2.8x
Sun, 24 Nov 2024RM 77.7bRM 28.1bRM 3.0b27.2x25.7x2.8x
Tue, 22 Oct 2024RM 77.0bRM 28.0bRM 3.0b24.2x25.4x2.7x
Thu, 19 Sep 2024RM 75.9bRM 28.0bRM 3.0b24.5x25x2.7x
Sat, 17 Aug 2024RM 68.0bRM 26.5bRM 2.7b25.3x24.9x2.6x
Mon, 15 Jul 2024RM 68.5bRM 26.5bRM 2.7b27.2x25.1x2.6x
Wed, 12 Jun 2024RM 67.9bRM 26.5bRM 2.7b28.6x24.9x2.6x
Fri, 10 May 2024RM 68.7bRM 25.5bRM 3.4b27x20.3x2.7x
Sun, 07 Apr 2024RM 66.3bRM 25.5bRM 3.4b28.9x19.6x2.6x
Tue, 05 Mar 2024RM 63.5bRM 25.4bRM 3.3b24.4x19x2.5x
Thu, 01 Feb 2024RM 64.1bRM 25.8bRM 2.8b24.1x23.1x2.5x
Sat, 30 Dec 2023RM 62.9bRM 25.8bRM 2.8b25.1x22.7x2.4x
Mon, 27 Nov 2023RM 60.2bRM 23.4bRM 2.4b25.3x24.7x2.6x
Wed, 25 Oct 2023RM 61.0bRM 23.4bRM 2.4b24.8x25.1x2.6x
Fri, 22 Sep 2023RM 61.4bRM 23.4bRM 2.4b25.5x25.2x2.6x
Sun, 20 Aug 2023RM 61.7bRM 23.0bRM 2.7b25.3x22.6x2.7x
Tue, 18 Jul 2023RM 59.7bRM 23.0bRM 2.7b24x21.8x2.6x
Thu, 15 Jun 2023RM 59.3bRM 22.9bRM 2.7b24.2x21.6x2.6x
Price to Earnings Ratio

21.6x


Total Market Cap: RM 59.3bTotal Earnings: RM 2.7bTotal Revenue: RM 22.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Healthcare Services Industry Price to Earnings3Y Average 27x202420252026
Current Industry PE
  • Investors are optimistic on the Malaysian Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 39.7x which is higher than its 3-year average PE of 27.0x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 2.7% per year over the last three years.
  • Revenues for these companies have grown 19% 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 industry?

MY Market-0.012%
Healthcare-1.16%
Healthcare Services-1.38%
Healthcare Distributors3.48%
Healthcare Facilities-1.46%
Healthcare Services-1.99%
Industry PE
  • Investors are most optimistic about the Healthcare Facilities industry which is trading above its 3-year average PE ratio of 26.4x.
    • Analysts are expecting annual earnings growth of 14.4%, which is higher than its past year's earnings decline of 5.5% per year.
  • Investors are most pessimistic about the Healthcare Services industry, which is trading below its 3-year average of 120x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings decline of 9.0% per year.
  • In contrast, the Healthcare Facilities industry is expected to see its earnings grow by 14% 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
PHARMA Pharmaniaga BerhadRM 1.385.8%
+RM 98.4m		7.8%PE35.8x
KPJ KPJ Healthcare BerhadRM 3.230.6%
+RM 88.5m		17.5%PE37.8x
TOPVISN Topvision Eye Specialist BerhadRM 0.176.5%
+RM 3.1m		-29.8%PE40.5x

Latest News

CENGILD
RM 0.20
Cengild Medical Berhad
7D
-2.4%
1Y
-16.3%
Analysis Article • Jun 02

Cengild Medical Berhad's (KLSE:CENGILD) Weak Earnings May Only Reveal A Part Of The Whole Picture

The market wasn't impressed with the soft earnings from Cengild Medical Berhad ( KLSE:CENGILD ) recently. We did some...
IHH
RM 8.85
IHH Healthcare Berhad
7D
-1.8%
1Y
29.0%
Narrative Update • Jun 01

IHH: Higher Growth And Richer P/E Assumptions Will Support Bullish Outlook

Analysts have adjusted their fair value estimate for IHH Healthcare Berhad from MYR9.86 to MYR10.13 as they recalibrate assumptions around revenue growth, profit margins, discount rate and future P/E levels, leading to a modestly higher price target. What's in the News IHH Healthcare Berhad reported property, plant and equipment written off of MYR 1 million for the first quarter ended March 31, 2026, consistent with the MYR 1 million reported a year earlier (Key Developments).
DCHCARE
RM 0.10
DC Healthcare Holdings Berhad
7D
-4.5%
1Y
-25.0%
TOPVISN
RM 0.17
Topvision Eye Specialist Berhad
7D
6.5%
1Y
-29.8%
KPJ
RM 3.23
KPJ Healthcare Berhad
7D
0.6%
1Y
17.5%
Analysis Article • May 24

KPJ Healthcare Berhad Just Missed Earnings - But Analysts Have Updated Their Models

As you might know, KPJ Healthcare Berhad ( KLSE:KPJ ) last week released its latest quarterly, and things did not turn...
FOCUSP
RM 0.53
Focus Point Holdings Berhad
7D
-1.9%
1Y
-7.0%
TMCLIFE
RM 0.45
TMC Life Sciences Berhad
7D
-3.3%
1Y
-1.1%
SUNMED
RM 1.74
Sunway Healthcare Holdings Berhad
7D
-1.7%
1Y
n/a
ALPHA
RM 0.24
Alpha IVF Group Berhad
7D
-2.0%
1Y
-12.5%
LACMED
RM 0.73
LAC Med Berhad
7D
-6.4%
1Y
n/a
PHARMA
RM 1.38
Pharmaniaga Berhad
7D
5.8%
1Y
7.8%