Analysis Article • Jun 05
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Malaysian (KLSE) Medical Equipment Industry Analysis
UpdatedJul 30, 2026
DataAggregated Company Financials
Companies9
- 7D-0.06%
- 3M-10.3%
- 1Y-21.1%
- YTD-2.2%
Last week, the Medical Equipment industry hasn't moved much but Top Glove Corporation Bhd is up 3.9% in that time. As for the longer term, the industry has declined 21% in the last year. As for the next few years, earnings are expected to grow by 19% per annum.
Industry Valuation and Performance
Has the Malaysian Medical Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 31 Jul 2026 | RM 12.2b | RM 9.0b | -RM 117,479,979.00 | 28.1x | -104.2x | 1.4x |
| Sun, 28 Jun 2026 | RM 12.6b | RM 9.0b | -RM 117,479,979.00 | 29.7x | -107.4x | 1.4x |
| Tue, 26 May 2026 | RM 15.1b | RM 8.8b | -RM 136,705,265.00 | 42.7x | -110.6x | 1.7x |
| Thu, 23 Apr 2026 | RM 13.6b | RM 8.9b | -RM 172,230,604.00 | 41.3x | -78.9x | 1.5x |
| Sat, 21 Mar 2026 | RM 11.4b | RM 8.9b | -RM 172,230,604.00 | 32x | -66.1x | 1.3x |
| Mon, 16 Feb 2026 | RM 11.5b | RM 8.9b | -RM 107,251,497.00 | 29.8x | -107x | 1.3x |
| Wed, 14 Jan 2026 | RM 12.5b | RM 9.1b | -RM 119,385,497.00 | 31.9x | -104.9x | 1.4x |
| Fri, 12 Dec 2025 | RM 12.3b | RM 9.1b | -RM 125,644,497.00 | 32.2x | -98.1x | 1.3x |
| Sun, 09 Nov 2025 | RM 13.6b | RM 9.4b | -RM 95,112,497.00 | 30.8x | -143.2x | 1.5x |
| Tue, 07 Oct 2025 | RM 13.1b | RM 9.3b | -RM 180,196,258.00 | 46.2x | -72.4x | 1.4x |
| Thu, 04 Sep 2025 | RM 14.2b | RM 9.3b | -RM 180,196,258.00 | 51x | -78.9x | 1.5x |
| Sat, 02 Aug 2025 | RM 15.9b | RM 9.4b | -RM 107,082,278.00 | 46.7x | -148x | 1.7x |
| Mon, 30 Jun 2025 | RM 17.3b | RM 9.4b | -RM 107,082,278.00 | 52.5x | -161.4x | 1.8x |
| Wed, 28 May 2025 | RM 19.7b | RM 9.2b | -RM 103,976,483.00 | 57.6x | -189.5x | 2.1x |
| Fri, 25 Apr 2025 | RM 21.5b | RM 9.0b | -RM 82,590,590.00 | 61.7x | -260.8x | 2.4x |
| Sun, 23 Mar 2025 | RM 21.5b | RM 9.0b | -RM 82,590,590.00 | 63.1x | -260.7x | 2.4x |
| Tue, 18 Feb 2025 | RM 30.4b | RM 8.1b | -RM 193,479,401.00 | 107.1x | -157.3x | 3.7x |
| Thu, 16 Jan 2025 | RM 30.5b | RM 8.1b | -RM 193,479,401.00 | 108.6x | -157.5x | 3.8x |
| Sat, 14 Dec 2024 | RM 34.8b | RM 7.7b | -RM 253,597,401.00 | 121.7x | -137.4x | 4.5x |
| Mon, 11 Nov 2024 | RM 28.6b | RM 7.3b | -RM 138,646,401.00 | 85x | -206.1x | 3.9x |
| Wed, 09 Oct 2024 | RM 26.0b | RM 7.0b | -RM 596,680,016.00 | 74.9x | -43.7x | 3.7x |
| Fri, 06 Sep 2024 | RM 24.1b | RM 7.0b | -RM 596,680,016.00 | 68.6x | -40.5x | 3.5x |
| Sun, 04 Aug 2024 | RM 25.5b | RM 7.0b | -RM 717,492,870.00 | 423.3x | -35.5x | 3.7x |
| Tue, 02 Jul 2024 | RM 29.5b | RM 7.0b | -RM 717,271,870.00 | 493.7x | -41.2x | 4.2x |
| Thu, 30 May 2024 | RM 28.2b | RM 6.8b | -RM 917,138,387.00 | 471.3x | -30.7x | 4.1x |
| Sat, 27 Apr 2024 | RM 23.9b | RM 6.8b | -RM 1,365,501,576.00 | 376.8x | -17.5x | 3.5x |
| Mon, 25 Mar 2024 | RM 23.2b | RM 6.8b | -RM 1,365,501,576.00 | 344.5x | -17x | 3.4x |
| Wed, 21 Feb 2024 | RM 24.5b | RM 7.1b | -RM 1,581,698,368.00 | 462.1x | -15.5x | 3.4x |
| Fri, 19 Jan 2024 | RM 24.9b | RM 7.1b | -RM 1,635,988,368.00 | 466.6x | -15.2x | 3.5x |
| Sun, 17 Dec 2023 | RM 24.1b | RM 7.3b | -RM 1,746,515,368.00 | 411.7x | -13.8x | 3.3x |
| Tue, 14 Nov 2023 | RM 20.5b | RM 7.6b | -RM 1,766,773,368.00 | n/a | -11.6x | 2.7x |
| Thu, 12 Oct 2023 | RM 18.8b | RM 7.7b | -RM 1,780,568,939.00 | n/a | -10.5x | 2.4x |
| Sat, 09 Sep 2023 | RM 19.7b | RM 8.2b | -RM 1,374,518,716.00 | n/a | -14.3x | 2.4x |
| Mon, 07 Aug 2023 | RM 20.9b | RM 8.9b | -RM 1,167,785,919.00 | n/a | -17.9x | 2.4x |
Price to Earnings Ratio
-17.9x
Current Industry PE
- Investors are pessimistic on the Malaysian Medical Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Medical Equipment industry have improved over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since losses are shrinking while sales have been flat.
Industry Trends
Which industries have driven the changes within the Malaysian Healthcare industry?
| MY Market | -0.033% | |
| Healthcare | -0.092% | |
| Medical Equipment | -0.058% | |
| Medical Equipment | 0% | 0 |
| Medical Supplies | -0.058% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 38% per year.
- In contrast, the Medical Supplies industry is expected to see its earnings grow by 19% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TOPGLOV Top Glove Corporation Bhd | RM 0.67 | 3.9% +RM 200.4m | -2.2% | PE29x | |
| HARTA Hartalega Holdings Berhad | RM 1.01 | 2.0% +RM 68.1m | -30.8% | PE33.4x | |
| ONEGLOVE One Glove Group Berhad | RM 0.12 | 9.1% +RM 5.8m | -35.1% | PS1.8x | |
| COMFORT Comfort Gloves Berhad | RM 0.14 | 7.7% +RM 5.8m | -34.9% | PS0.3x |