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Malaysian (KLSE) Electrical Industry Analysis
UpdatedApr 13, 2026
DataAggregated Company Financials
Companies16
- 7D4.7%
- 3M-16.1%
- 1Y15.4%
- YTD-15.7%
In the last week, the Electrical industry is up 4.5%, with Solarvest Holdings Berhad up 10%. In the last 12 months, the industry was up 16%. Looking forward, earnings are forecast to grow by 25% 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 |
|---|---|---|---|---|---|---|
| Mon, 13 Apr 2026 | RM 8.2b | RM 11.5b | RM 228.1m | 17.6x | 35.9x | 0.7x |
| Wed, 11 Mar 2026 | RM 7.4b | RM 11.5b | RM 228.9m | 17.3x | 32.3x | 0.6x |
| Fri, 06 Feb 2026 | RM 8.1b | RM 11.2b | RM 234.8m | 16.1x | 34.7x | 0.7x |
| Sun, 04 Jan 2026 | RM 9.7b | RM 11.2b | RM 286.9m | 20.3x | 33.9x | 0.9x |
| Tue, 02 Dec 2025 | RM 9.2b | RM 11.2b | RM 287.2m | 19.1x | 31.9x | 0.8x |
| Thu, 30 Oct 2025 | RM 9.3b | RM 11.0b | RM 251.2m | 21.1x | 37.1x | 0.8x |
| Sat, 27 Sep 2025 | RM 9.2b | RM 10.8b | RM 234.1m | 25.1x | 39.2x | 0.8x |
| Mon, 25 Aug 2025 | RM 8.5b | RM 10.7b | RM 242.8m | 25.7x | 35x | 0.8x |
| Wed, 23 Jul 2025 | RM 8.4b | RM 10.6b | RM 248.7m | 24.6x | 33.9x | 0.8x |
| Fri, 20 Jun 2025 | RM 7.5b | RM 10.6b | RM 247.7m | 18.7x | 30.3x | 0.7x |
| Sun, 18 May 2025 | RM 7.6b | RM 10.2b | RM 281.3m | 22x | 27x | 0.7x |
| Tue, 15 Apr 2025 | RM 6.5b | RM 10.1b | RM 265.9m | 17.4x | 24.4x | 0.6x |
| Thu, 13 Mar 2025 | RM 6.3b | RM 10.1b | RM 266.0m | 18.1x | 23.8x | 0.6x |
| Sat, 08 Feb 2025 | RM 7.5b | RM 10.0b | RM 256.4m | 21.8x | 29.3x | 0.8x |
| Mon, 06 Jan 2025 | RM 8.4b | RM 10.0b | RM 256.1m | 23.4x | 32.8x | 0.8x |
| Wed, 04 Dec 2024 | RM 7.7b | RM 10.0b | RM 255.1m | 15.4x | 30.2x | 0.8x |
| Fri, 01 Nov 2024 | RM 7.3b | RM 10.2b | RM 269.6m | 26x | 27.2x | 0.7x |
| Sun, 29 Sep 2024 | RM 7.4b | RM 10.2b | RM 254.8m | 27x | 28.9x | 0.7x |
| Tue, 27 Aug 2024 | RM 7.3b | RM 9.8b | RM 231.1m | 27.6x | 31.7x | 0.8x |
| Thu, 25 Jul 2024 | RM 8.1b | RM 9.8b | RM 224.8m | 32.2x | 36.3x | 0.8x |
| Sat, 22 Jun 2024 | RM 8.2b | RM 9.8b | RM 223.9m | 26.7x | 36.7x | 0.8x |
| Mon, 20 May 2024 | RM 8.0b | RM 9.3b | RM 195.3m | 24.6x | 40.8x | 0.9x |
| Wed, 17 Apr 2024 | RM 6.5b | RM 9.4b | RM 201.8m | 17.5x | 32x | 0.7x |
| Fri, 15 Mar 2024 | RM 5.8b | RM 9.4b | RM 205.7m | 17.6x | 28.1x | 0.6x |
| Sun, 11 Feb 2024 | RM 5.2b | RM 9.5b | RM 180.0m | 17.2x | 28.8x | 0.5x |
| Tue, 09 Jan 2024 | RM 4.8b | RM 9.1b | RM 158.0m | 16.4x | 30.1x | 0.5x |
| Thu, 07 Dec 2023 | RM 4.5b | RM 9.1b | RM 156.2m | 15.2x | 28.9x | 0.5x |
| Sat, 04 Nov 2023 | RM 4.6b | RM 8.6b | RM 146.2m | 16.5x | 31.1x | 0.5x |
| Mon, 02 Oct 2023 | RM 4.6b | RM 8.6b | RM 146.2m | 15.8x | 31.4x | 0.5x |
| Wed, 30 Aug 2023 | RM 4.5b | RM 8.5b | RM 199.9m | 15.1x | 22.7x | 0.5x |
| Fri, 28 Jul 2023 | RM 4.6b | RM 8.5b | RM 196.9m | 15.9x | 23.2x | 0.5x |
| Sun, 25 Jun 2023 | RM 4.4b | RM 8.5b | RM 196.9m | 14.8x | 22.4x | 0.5x |
| Tue, 23 May 2023 | RM 4.5b | RM 8.4b | RM 212.9m | 16.2x | 21.3x | 0.5x |
| Thu, 20 Apr 2023 | RM 4.6b | RM 8.3b | RM 217.2m | 17.3x | 21.4x | 0.6x |
Price to Earnings Ratio
21.4x
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 36.0x which is higher than its 3-year average PE of 30.4x.
- 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 remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 11% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Malaysian Industrials industry?
| MY Market | 0.42% | |
| Industrials | 2.68% | |
| Electrical | 4.71% | |
| Heavy Electrical Equipment | 5.00% | |
| Electrical Components | 4.70% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 31.6x.
- Analysts are expecting annual earnings growth of 24.7%, 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 15.9x.
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 25% 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 | |
|---|---|---|---|---|---|
| SLVEST Solarvest Holdings Berhad | RM 2.59 | 10.2% +RM 228.3m | 63.9% | PE32.3x | |
| SCGBHD Southern Cable Group Berhad | RM 1.99 | 3.6% +RM 79.1m | 95.1% | PE17.1x | |
| PWRWELL Powerwell Holdings Berhad | RM 0.63 | 5.0% +RM 17.4m | 63.6% | PE15.5x | |
| NORTHERN Northern Solar Holdings Berhad | RM 0.64 | 6.7% +RM 15.8m | 10.4% | PE19.7x | |
| MTEC Master Tec Group Berhad | RM 1.04 | 1.0% +RM 10.2m | -1.0% | PE37.5x |
