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Malaysian (KLSE) Electrical Industry Analysis
UpdatedMar 02, 2026
DataAggregated Company Financials
Companies17
- 7D-2.5%
- 3M-12.4%
- 1Y2.3%
- YTD-17.2%
Over the last 7 days, the Electrical industry has dropped 2.5%, driven by pullbacks in Southern Cable Group Berhad and Solarvest Holdings Berhad of 7.0% and 7.5%, respectively. In contrast, Success Transformer Corporation Berhad has gained 5.1%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 27% annually.
Industry Valuation and Performance
Has the Malaysian Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 03 Mar 2026 | RM 8.1b | RM 11.6b | RM 226.1m | 17.7x | 35.7x | 0.7x |
| Thu, 29 Jan 2026 | RM 8.7b | RM 11.2b | RM 286.9m | 18x | 30.4x | 0.8x |
| Sat, 27 Dec 2025 | RM 9.8b | RM 11.2b | RM 287.2m | 20.7x | 34.2x | 0.9x |
| Mon, 24 Nov 2025 | RM 9.2b | RM 11.0b | RM 260.8m | 20.6x | 35.3x | 0.8x |
| Wed, 22 Oct 2025 | RM 9.3b | RM 11.0b | RM 249.9m | 20.3x | 37.3x | 0.8x |
| Fri, 19 Sep 2025 | RM 8.8b | RM 10.8b | RM 234.1m | 24.2x | 37.4x | 0.8x |
| Sun, 17 Aug 2025 | RM 8.5b | RM 10.6b | RM 234.8m | 24.4x | 36.3x | 0.8x |
| Tue, 15 Jul 2025 | RM 8.2b | RM 10.6b | RM 248.7m | 24.6x | 33.1x | 0.8x |
| Thu, 12 Jun 2025 | RM 7.6b | RM 10.6b | RM 249.0m | 20.6x | 30.5x | 0.7x |
| Sat, 10 May 2025 | RM 7.4b | RM 10.2b | RM 276.0m | 21.7x | 26.9x | 0.7x |
| Mon, 07 Apr 2025 | RM 6.7b | RM 10.1b | RM 265.9m | 18.3x | 25.1x | 0.7x |
| Wed, 05 Mar 2025 | RM 6.6b | RM 10.1b | RM 266.0m | 18.9x | 24.9x | 0.7x |
| Fri, 31 Jan 2025 | RM 7.2b | RM 10.0b | RM 256.4m | 20.6x | 28.1x | 0.7x |
| Sun, 29 Dec 2024 | RM 8.1b | RM 10.0b | RM 256.1m | 22.3x | 31.6x | 0.8x |
| Tue, 26 Nov 2024 | RM 7.6b | RM 10.1b | RM 256.6m | 22x | 29.7x | 0.8x |
| Thu, 24 Oct 2024 | RM 7.4b | RM 10.2b | RM 270.3m | 25.4x | 27.5x | 0.7x |
| Sat, 21 Sep 2024 | RM 7.4b | RM 10.2b | RM 254.8m | 26.5x | 29x | 0.7x |
| Mon, 19 Aug 2024 | RM 7.6b | RM 9.7b | RM 231.2m | 28.9x | 33x | 0.8x |
| Wed, 17 Jul 2024 | RM 8.6b | RM 9.8b | RM 224.8m | 34.4x | 38.2x | 0.9x |
| Fri, 14 Jun 2024 | RM 8.3b | RM 9.8b | RM 223.9m | 25.2x | 36.9x | 0.8x |
| Sun, 12 May 2024 | RM 7.7b | RM 9.4b | RM 200.1m | 23.8x | 38.4x | 0.8x |
| Tue, 09 Apr 2024 | RM 6.3b | RM 9.4b | RM 201.8m | 19.6x | 31.5x | 0.7x |
| Thu, 07 Mar 2024 | RM 5.7b | RM 9.4b | RM 205.7m | 17.2x | 27.9x | 0.6x |
| Sat, 03 Feb 2024 | RM 5.1b | RM 9.5b | RM 177.9m | 17.1x | 28.7x | 0.5x |
| Mon, 01 Jan 2024 | RM 4.7b | RM 9.1b | RM 158.0m | 16.2x | 29.5x | 0.5x |
| Wed, 29 Nov 2023 | RM 4.5b | RM 8.9b | RM 151.3m | 16.6x | 30x | 0.5x |
| Fri, 27 Oct 2023 | RM 4.6b | RM 8.6b | RM 146.2m | 16.7x | 31.6x | 0.5x |
| Sun, 24 Sep 2023 | RM 4.7b | RM 8.6b | RM 196.8m | 14.5x | 23.6x | 0.5x |
| Tue, 22 Aug 2023 | RM 4.5b | RM 8.5b | RM 198.9m | 15.9x | 22.9x | 0.5x |
| Thu, 20 Jul 2023 | RM 4.6b | RM 8.5b | RM 196.9m | 14.5x | 23.5x | 0.5x |
| Sat, 17 Jun 2023 | RM 4.4b | RM 8.5b | RM 198.2m | 15x | 22.2x | 0.5x |
| Mon, 15 May 2023 | RM 4.3b | RM 8.3b | RM 217.9m | 16x | 20x | 0.5x |
| Wed, 12 Apr 2023 | RM 4.7b | RM 8.3b | RM 217.2m | 17.1x | 21.7x | 0.6x |
| Fri, 10 Mar 2023 | RM 4.7b | RM 8.3b | RM 194.5m | 18.2x | 24.1x | 0.6x |
Price to Earnings Ratio
24.1x
Current Industry PE
- Investors are optimistic on the Malaysian Electrical industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 35.7x which is higher than its 3-year average PE of 30.0x.
- The industry is trading close to its 3-year average PS ratio of 0.69x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have grown 5.2% per year over the last three years.
- Revenues for these companies have grown 12% 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 Industrials industry?
| MY Market | -1.67% | |
| Industrials | -0.14% | |
| Electrical | -2.51% | |
| Electrical Components | -2.45% | |
| Heavy Electrical Equipment | -3.65% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 31.1x.
- Analysts are expecting annual earnings growth of 26.1%, which is higher than its past year's earnings decline of 5.7% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading close to its 3-year average of 16.3x.
Forecasted Growth
- Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 34% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 26% 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 | |
|---|---|---|---|---|---|
| SUCCESS Success Transformer Corporation Berhad | RM 0.62 | 5.1% +RM 7.1m | -2.4% | PE13.6x | |
| NORTHERN Northern Solar Holdings Berhad | RM 0.50 | 2.0% +RM 4.0m | -2.0% | PE15.5x | |
| HWGB Ho Wah Genting Berhad | RM 0.13 | -3.8% RM 1.5m | -45.7% | PS0.1x |