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Malaysian (KLSE) Industrials Sector Analysis
UpdatedMar 04, 2026
DataAggregated Company Financials
Companies304
- 7D-2.2%
- 3M1.4%
- 1Y11.3%
- YTD-0.7%
Over the last 7 days, the Industrials industry has remained flat, although notably AirAsia X Berhad declined by 21%. The past year has been better, since the industry has gained 9.8% in that time. As for the next few years, earnings are expected to grow by 12% per annum.
Sector Valuation and Performance
Has the Malaysian Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 05 Mar 2026 | RM 305.2b | RM 270.4b | RM 21.5b | 15.9x | 14.2x | 1.1x |
| Sat, 31 Jan 2026 | RM 307.1b | RM 266.6b | RM 12.7b | 14.1x | 24.3x | 1.2x |
| Mon, 29 Dec 2025 | RM 299.3b | RM 266.3b | RM 12.7b | 14.1x | 23.6x | 1.1x |
| Wed, 26 Nov 2025 | RM 294.6b | RM 263.3b | RM 12.8b | 13.6x | 23.1x | 1.1x |
| Fri, 24 Oct 2025 | RM 296.1b | RM 265.0b | RM 12.3b | 14.5x | 24.2x | 1.1x |
| Sun, 21 Sep 2025 | RM 294.9b | RM 264.3b | RM 12.2b | 14.8x | 24.2x | 1.1x |
| Tue, 19 Aug 2025 | RM 284.0b | RM 261.2b | RM 11.4b | 15.3x | 25x | 1.1x |
| Thu, 17 Jul 2025 | RM 277.1b | RM 258.4b | RM 11.1b | 15.2x | 24.9x | 1.1x |
| Sat, 14 Jun 2025 | RM 267.2b | RM 257.5b | RM 11.0b | 14.8x | 24.3x | 1x |
| Mon, 12 May 2025 | RM 259.3b | RM 257.9b | RM 12.1b | 14.8x | 21.4x | 1x |
| Wed, 09 Apr 2025 | RM 234.3b | RM 257.5b | RM 12.2b | 14.4x | 19.3x | 0.9x |
| Fri, 07 Mar 2025 | RM 256.0b | RM 255.8b | RM 12.1b | 15.9x | 21.2x | 1x |
| Sun, 02 Feb 2025 | RM 279.8b | RM 254.4b | RM 12.7b | 17x | 22.1x | 1.1x |
| Tue, 31 Dec 2024 | RM 296.0b | RM 253.9b | RM 12.6b | 17.9x | 23.4x | 1.2x |
| Thu, 28 Nov 2024 | RM 287.3b | RM 249.0b | RM 12.3b | 17.3x | 23.3x | 1.2x |
| Sat, 26 Oct 2024 | RM 282.0b | RM 247.0b | RM 11.5b | 18.1x | 24.4x | 1.1x |
| Mon, 23 Sep 2024 | RM 289.4b | RM 245.5b | RM 11.5b | 18.4x | 25.1x | 1.2x |
| Wed, 21 Aug 2024 | RM 289.1b | RM 237.2b | RM 12.0b | 19.5x | 24.1x | 1.2x |
| Fri, 19 Jul 2024 | RM 308.3b | RM 235.9b | RM 11.9b | 19.7x | 26x | 1.3x |
| Sun, 16 Jun 2024 | RM 293.5b | RM 235.7b | RM 11.7b | 19.3x | 25.1x | 1.2x |
| Tue, 14 May 2024 | RM 278.8b | RM 225.8b | RM 10.6b | 18.9x | 26.2x | 1.2x |
| Thu, 11 Apr 2024 | RM 261.9b | RM 225.0b | RM 10.6b | 17.4x | 24.7x | 1.2x |
| Sat, 09 Mar 2024 | RM 245.8b | RM 223.2b | RM 10.8b | 16.8x | 22.8x | 1.1x |
| Mon, 05 Feb 2024 | RM 240.6b | RM 232.9b | RM 1.0b | 17.7x | 239.1x | 1x |
| Wed, 03 Jan 2024 | RM 234.0b | RM 232.2b | RM 1.2b | 17.9x | 195.8x | 1x |
| Fri, 01 Dec 2023 | RM 228.7b | RM 230.2b | RM 1.1b | 17.1x | 210.6x | 1x |
| Sun, 29 Oct 2023 | RM 227.6b | RM 225.5b | RM 1.5b | 17.4x | 154.1x | 1x |
| Tue, 26 Sep 2023 | RM 226.3b | RM 222.6b | RM 1.4b | 17.5x | 156.9x | 1x |
| Thu, 24 Aug 2023 | RM 219.7b | RM 218.4b | RM 25.4m | 15.8x | 8635x | 1x |
| Sat, 22 Jul 2023 | RM 215.9b | RM 218.1b | RM 52.8m | 15.5x | 4089.9x | 1x |
| Mon, 19 Jun 2023 | RM 213.5b | RM 217.3b | RM 238.7m | 15.3x | 894.5x | 1x |
| Wed, 17 May 2023 | RM 215.2b | RM 425.8b | RM 41.1b | 15.3x | 5.2x | 0.5x |
| Fri, 14 Apr 2023 | RM 221.3b | RM 215.2b | RM 33.3b | 16.2x | 6.6x | 1x |
| Sun, 12 Mar 2023 | RM 219.5b | RM 214.7b | RM 33.2b | 16.4x | 6.6x | 1x |
Price to Earnings Ratio
6.6x
Current Industry PE
- Investors are pessimistic on the Malaysian Industrials 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 14.4x which is higher than its 3-year average PE of -390x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have declined 13% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.9% 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 Industrials sector?
| MY Market | -2.24% | |
| Industrials | -2.25% | |
| Aerospace & Defense | 3.08% | |
| Marine and Shipping | 0.29% | |
| Commercial Services | -0.31% | |
| Building | -0.80% | |
| Infrastructure | -1.20% | |
| Construction | -1.39% | |
| Trade Distributors | -2.22% | |
| Industrials | -2.42% | |
| Professional Services | -4.06% | |
| Machinery | -4.28% | |
| Electrical | -4.71% | |
| Transportation | -5.12% | |
| Logistics | -9.04% | |
| Airlines | -15.84% | |
Industry PE
- Investors are most optimistic about the Commercial Services industry which is trading above its 3-year average PE ratio.
- Analysts expect its future annual earnings growth (23.4%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Logistics industry, which is trading below its 3-year average of 136x.
Forecasted Growth
- Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 62% over the next 5 years.
- This is better than its past earnings decline of 7.4% per year.
- In contrast, the Logistics industry is expected to see its earnings decline by 67% 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 | |
|---|---|---|---|---|---|
| MISC MISC Berhad | RM 8.23 | 1.6% +RM 580.3m | 13.5% | PE21.6x | |
| PENTA Pentamaster Corporation Berhad | RM 3.30 | 2.2% +RM 49.8m | 8.9% | PE37.9x | |
| NORTHERN Northern Solar Holdings Berhad | RM 0.55 | 16.0% +RM 29.7m | 0.9% | PE16.9x | |
| PGLOBE Paragon Globe Berhad | RM 0.72 | 4.3% +RM 22.4m | 18.0% | PE5.8x | |
| SINARAN Sinaran Advance Group Berhad | RM 0.075 | 36.4% +RM 21.0m | 25.0% | PS7.4x |