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Malaysian (KLSE) Electrical Industry Analysis
UpdatedApr 28, 2026
DataAggregated Company Financials
Companies16
- 7D0.6%
- 3M-4.4%
- 1Y13.5%
- YTD-11.3%
The Electrical is pretty flat in the last 7 days, but Solarvest Holdings Berhad has stood out, gaining 6.0%. The past year has been better, since the industry has gained 13% in that time. 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 |
|---|---|---|---|---|---|---|
| Tue, 28 Apr 2026 | RM 8.6b | RM 11.5b | RM 228.1m | 17.4x | 37.8x | 0.7x |
| Thu, 26 Mar 2026 | RM 7.9b | RM 11.5b | RM 228.9m | 17.2x | 34.3x | 0.7x |
| Sat, 21 Feb 2026 | RM 8.3b | RM 11.2b | RM 234.8m | 16.2x | 35.2x | 0.7x |
| Mon, 19 Jan 2026 | RM 9.8b | RM 11.2b | RM 286.9m | 20.3x | 34.1x | 0.9x |
| Wed, 17 Dec 2025 | RM 9.4b | RM 11.2b | RM 287.2m | 19.6x | 32.7x | 0.8x |
| Fri, 14 Nov 2025 | RM 9.5b | RM 10.9b | RM 246.8m | 22x | 38.4x | 0.9x |
| Sun, 12 Oct 2025 | RM 9.7b | RM 11.0b | RM 249.9m | 22.4x | 38.7x | 0.9x |
| Tue, 09 Sep 2025 | RM 8.5b | RM 10.8b | RM 234.1m | 24.7x | 36.1x | 0.8x |
| Thu, 07 Aug 2025 | RM 8.6b | RM 10.6b | RM 247.5m | 24.6x | 34.6x | 0.8x |
| Sat, 05 Jul 2025 | RM 8.1b | RM 10.6b | RM 247.8m | 20.2x | 32.7x | 0.8x |
| Mon, 02 Jun 2025 | RM 7.3b | RM 10.6b | RM 251.2m | 22.3x | 28.9x | 0.7x |
| Wed, 30 Apr 2025 | RM 6.7b | RM 10.1b | RM 266.1m | 18.4x | 25.3x | 0.7x |
| Fri, 28 Mar 2025 | RM 6.9b | RM 10.1b | RM 265.9m | 18.5x | 26x | 0.7x |
| Sun, 23 Feb 2025 | RM 7.5b | RM 10.0b | RM 260.1m | 22.2x | 28.9x | 0.7x |
| Tue, 21 Jan 2025 | RM 7.7b | RM 10.0b | RM 256.1m | 21.4x | 30.2x | 0.8x |
| Thu, 19 Dec 2024 | RM 8.1b | RM 10.0b | RM 255.1m | 22.1x | 31.8x | 0.8x |
| Sat, 16 Nov 2024 | RM 7.6b | RM 10.1b | RM 257.5m | 20.9x | 29.4x | 0.8x |
| Mon, 14 Oct 2024 | RM 7.5b | RM 10.2b | RM 270.3m | 26x | 27.7x | 0.7x |
| Wed, 11 Sep 2024 | RM 7.2b | RM 10.2b | RM 254.8m | 25.8x | 28.2x | 0.7x |
| Fri, 09 Aug 2024 | RM 7.4b | RM 9.8b | RM 225.5m | 26.1x | 33x | 0.8x |
| Sun, 07 Jul 2024 | RM 8.5b | RM 9.8b | RM 224.8m | 32.6x | 37.6x | 0.9x |
| Tue, 04 Jun 2024 | RM 7.9b | RM 9.4b | RM 215.4m | 24.1x | 36.8x | 0.8x |
| Thu, 02 May 2024 | RM 7.3b | RM 9.4b | RM 200.1m | 22.9x | 36.7x | 0.8x |
| Sat, 30 Mar 2024 | RM 6.1b | RM 9.4b | RM 201.8m | 18.6x | 30.4x | 0.7x |
| Mon, 26 Feb 2024 | RM 5.5b | RM 9.4b | RM 193.8m | 17.4x | 28.2x | 0.6x |
| Wed, 24 Jan 2024 | RM 4.6b | RM 9.1b | RM 158.0m | 15.7x | 28.9x | 0.5x |
| Fri, 22 Dec 2023 | RM 4.5b | RM 9.1b | RM 158.0m | 16.1x | 28.7x | 0.5x |
| Sun, 19 Nov 2023 | RM 4.6b | RM 8.6b | RM 149.8m | 16x | 30.4x | 0.5x |
| Tue, 17 Oct 2023 | RM 4.8b | RM 8.6b | RM 146.2m | 16.9x | 32.7x | 0.6x |
| Thu, 14 Sep 2023 | RM 4.5b | RM 8.6b | RM 196.8m | 14.3x | 22.9x | 0.5x |
| Sat, 12 Aug 2023 | RM 4.7b | RM 8.5b | RM 198.9m | 15.9x | 23.4x | 0.5x |
| Mon, 10 Jul 2023 | RM 4.5b | RM 8.5b | RM 196.9m | 14.8x | 22.8x | 0.5x |
| Wed, 07 Jun 2023 | RM 4.4b | RM 8.5b | RM 198.2m | 14.5x | 22.4x | 0.5x |
| Fri, 05 May 2023 | RM 4.5b | RM 8.3b | RM 218.0m | 16.2x | 20.8x | 0.5x |
Price to Earnings Ratio
20.8x
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 37.8x which is higher than its 3-year average PE of 30.6x.
- The industry is trading close to its 3-year average PS ratio of 0.70x.
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 | 1.31% | |
| Industrials | 0.70% | |
| Electrical | 0.63% | |
| Heavy Electrical Equipment | 1.52% | |
| Electrical Components | 0.59% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 31.9x.
- Analysts are expecting annual earnings growth of 24.5%, which is higher than its past year's earnings growth of 4.9% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading close to its 3-year average of 15.8x.
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 | |
|---|---|---|---|---|---|
| PIE P.I.E. Industrial Berhad | RM 1.98 | 19.3% +RM 122.9m | -51.2% | PE33.6x | |
| NORTHERN Northern Solar Holdings Berhad | RM 0.68 | 9.8% +RM 23.7m | 8.0% | PE21x | |
| SCOMNET Supercomnet Technologies Berhad | RM 0.61 | 2.5% +RM 12.7m | -30.9% | PE20.1x | |
| TRIVE Trive Property Group Berhad | RM 0.02 | 33.3% +RM 7.2m | -33.3% | PE13.2x | |
| JSSOLAR JS Solar Holding Berhad | RM 0.23 | 6.8% +RM 4.9m | n/a | PE9.5x |