Analysis Article • Jun 02
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Malaysian (KLSE) Commercial Services Industry Analysis
UpdatedJun 20, 2026
DataAggregated Company Financials
Companies31
- 7D3.6%
- 3M17.9%
- 1Y16.3%
- YTD7.9%
Over the last 7 days, the Commercial Services industry has risen 3.6%, driven by gains from Frontken Corporation Berhad of 5.3%. This means that the industry has gained 16% over the past year. Looking forward, earnings are forecast to grow by 27% annually.
Industry Valuation and Performance
Has the Malaysian Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 20 Jun 2026 | RM 15.5b | RM 4.0b | RM 249.2m | 19.3x | 62.2x | 3.9x |
| Mon, 18 May 2026 | RM 15.2b | RM 4.0b | RM 225.7m | 16x | 67.2x | 3.8x |
| Wed, 15 Apr 2026 | RM 13.1b | RM 4.0b | RM 228.7m | 14.7x | 57.3x | 3.3x |
| Fri, 13 Mar 2026 | RM 11.8b | RM 3.8b | RM 223.5m | 14.8x | 53x | 3.1x |
| Sun, 08 Feb 2026 | RM 12.1b | RM 3.8b | RM 226.3m | 14.9x | 53.3x | 3.2x |
| Tue, 06 Jan 2026 | RM 13.1b | RM 3.7b | RM 226.0m | 14.3x | 58.1x | 3.5x |
| Thu, 04 Dec 2025 | RM 13.0b | RM 3.7b | RM 242.6m | 13.6x | 53.4x | 3.5x |
| Sat, 01 Nov 2025 | RM 13.6b | RM 3.5b | RM 176.4m | 16.5x | 76.9x | 3.8x |
| Mon, 29 Sep 2025 | RM 13.2b | RM 3.6b | RM 178.9m | 15.5x | 73.9x | 3.7x |
| Wed, 27 Aug 2025 | RM 12.6b | RM 3.4b | RM 174.7m | 14.9x | 72.3x | 3.7x |
| Fri, 25 Jul 2025 | RM 12.0b | RM 3.4b | RM 161.4m | 15x | 74.2x | 3.6x |
| Sun, 22 Jun 2025 | RM 11.3b | RM 3.4b | RM 98.7m | 13.9x | 114.3x | 3.3x |
| Tue, 20 May 2025 | RM 11.6b | RM 3.5b | RM 144.6m | 15.4x | 80.6x | 3.3x |
| Thu, 17 Apr 2025 | RM 10.5b | RM 3.6b | RM 149.4m | 14.4x | 70x | 2.9x |
| Sat, 15 Mar 2025 | RM 11.4b | RM 3.6b | RM 113.2m | 15.5x | 100.9x | 3.2x |
| Mon, 10 Feb 2025 | RM 12.5b | RM 3.5b | RM 55.0m | 17x | 227.1x | 3.6x |
| Wed, 08 Jan 2025 | RM 13.2b | RM 3.5b | RM 55.6m | 17x | 238.5x | 3.8x |
| Fri, 06 Dec 2024 | RM 12.8b | RM 3.5b | RM 57.0m | 17.9x | 224.9x | 3.6x |
| Sun, 03 Nov 2024 | RM 11.9b | RM 3.5b | RM 61.9m | 16.8x | 192.3x | 3.4x |
| Tue, 01 Oct 2024 | RM 11.5b | RM 3.5b | RM 69.1m | 18.5x | 166.6x | 3.3x |
| Thu, 29 Aug 2024 | RM 11.3b | RM 3.5b | RM 97.8m | 18.1x | 115.6x | 3.2x |
| Sat, 27 Jul 2024 | RM 12.9b | RM 3.4b | RM 63.6m | 21x | 202.4x | 3.7x |
| Mon, 24 Jun 2024 | RM 13.5b | RM 3.5b | -RM 4,300,801.00 | 17.7x | -3150.6x | 3.9x |
| Wed, 22 May 2024 | RM 13.3b | RM 3.5b | RM 2.2m | 16.4x | 6063x | 3.8x |
| Fri, 19 Apr 2024 | RM 12.1b | RM 3.4b | -RM 2,871,496.00 | 15.4x | -4211.4x | 3.6x |
| Sun, 17 Mar 2024 | RM 11.6b | RM 3.4b | -RM 2,871,496.00 | 15x | -4047.9x | 3.5x |
| Tue, 13 Feb 2024 | RM 11.2b | RM 4.3b | RM 78.1m | 20.2x | 143x | 2.6x |
| Thu, 11 Jan 2024 | RM 11.0b | RM 4.5b | RM 44.5m | 21.8x | 247.6x | 2.5x |
| Sat, 09 Dec 2023 | RM 10.9b | RM 4.5b | RM 44.5m | 21.7x | 244.7x | 2.4x |
| Mon, 06 Nov 2023 | RM 10.8b | RM 4.6b | RM 95.5m | 20.8x | 113x | 2.3x |
| Wed, 04 Oct 2023 | RM 10.5b | RM 4.6b | RM 103.5m | 21.1x | 101.9x | 2.3x |
| Fri, 01 Sep 2023 | RM 11.0b | RM 4.6b | RM 107.4m | 22x | 102.5x | 2.4x |
| Sun, 30 Jul 2023 | RM 10.6b | RM 4.6b | RM 103.3m | 18.8x | 102.8x | 2.3x |
| Tue, 27 Jun 2023 | RM 9.9b | RM 4.6b | RM 298.7m | 18.7x | 33.2x | 2.2x |
Price to Earnings Ratio
33.2x
Current Industry PE
- Investors are optimistic on the Malaysian Commercial Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 62.2x which is higher than its 3-year average PE of -81.0x.
- The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have declined 5.9% per year over the last three years,
- Revenues have also declined 4.5% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Malaysian Industrials industry?
| MY Market | 1.42% | |
| Industrials | 2.37% | |
| Commercial Services | 3.64% | |
| Diversified Support Services | 5.35% | |
| Environmental and Facilities Services | 2.65% | |
| Office Services and Supplies | 0.38% | |
| Commercial Printing | -0.78% | |
| Security and Alarm Services | -6.38% | |
Industry PE
- Investors are most optimistic about the Environmental and Facilities Services industry which is trading above its 3-year average PE ratio of 49.0x.
- Analysts are expecting annual earnings growth of 56.5%, which is higher than its past year's earnings growth of 13.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Office Services and Supplies industry, expecting annual earnings growth of 77% over the next 5 years.
- However this is lower than its past earnings growth rate of 174% per year.
- In contrast, the Diversified Support Services industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| FRONTKN Frontken Corporation Berhad | RM 5.00 | 5.3% +RM 453.2m | 29.5% | PE54.8x | |
| KJTS KJTS Group Berhad | RM 0.80 | 9.6% +RM 48.3m | -22.3% | PE30.1x | |
| ADNEX Adnex Group Berhad | RM 0.37 | 12.1% +RM 20.0m | n/a | PE20.1x | |
| PICORP Progressive Impact Corporation Berhad | RM 0.065 | 44.4% +RM 13.1m | 62.5% | PE15.1x | |
| MCLEAN MClean Technologies Berhad | RM 0.73 | 6.6% +RM 11.1m | 165.5% | PE16.5x |
