Analysis Article • May 28
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Malaysian (KLSE) Electrical Industry Analysis
UpdatedJun 01, 2026
DataAggregated Company Financials
Companies17
- 7D0.5%
- 3M11.0%
- 1Y9.0%
- YTD-11.3%
The Electrical is pretty flat in the last 7 days, but Northern Solar Holdings Berhad has stood out, gaining 8.5%. The past year has been better, since the industry has gained 9.0% 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 |
|---|---|---|---|---|---|---|
| Mon, 01 Jun 2026 | RM 8.8b | RM 11.0b | RM 232.8m | 20x | 37.8x | 0.8x |
| Wed, 29 Apr 2026 | RM 8.6b | RM 11.5b | RM 228.1m | 17.4x | 37.7x | 0.7x |
| Fri, 27 Mar 2026 | RM 7.7b | RM 11.5b | RM 228.9m | 17.2x | 33.7x | 0.7x |
| Sun, 22 Feb 2026 | RM 8.3b | RM 11.2b | RM 234.8m | 16.2x | 35.2x | 0.7x |
| Tue, 20 Jan 2026 | RM 9.7b | RM 11.2b | RM 286.9m | 20x | 33.8x | 0.9x |
| Thu, 18 Dec 2025 | RM 9.7b | RM 11.2b | RM 287.2m | 20x | 33.8x | 0.9x |
| Sat, 15 Nov 2025 | RM 9.3b | RM 10.9b | RM 246.8m | 21.3x | 37.9x | 0.9x |
| Mon, 13 Oct 2025 | RM 9.7b | RM 11.0b | RM 249.9m | 22.4x | 38.7x | 0.9x |
| Wed, 10 Sep 2025 | RM 8.6b | RM 10.8b | RM 234.1m | 23.8x | 36.8x | 0.8x |
| Fri, 08 Aug 2025 | RM 8.6b | RM 10.6b | RM 247.5m | 24.6x | 34.6x | 0.8x |
| Sun, 06 Jul 2025 | RM 8.1b | RM 10.6b | RM 247.8m | 20.2x | 32.7x | 0.8x |
| Tue, 03 Jun 2025 | RM 7.3b | RM 10.6b | RM 247.7m | 23.3x | 29.3x | 0.7x |
| Thu, 01 May 2025 | RM 6.8b | RM 10.1b | RM 266.1m | 18.3x | 25.4x | 0.7x |
| Sat, 29 Mar 2025 | RM 6.8b | RM 10.1b | RM 265.9m | 18.4x | 25.7x | 0.7x |
| Mon, 24 Feb 2025 | RM 7.5b | RM 10.0b | RM 260.1m | 22.2x | 28.9x | 0.7x |
| Wed, 22 Jan 2025 | RM 7.9b | RM 10.0b | RM 256.1m | 22.1x | 30.9x | 0.8x |
| Fri, 20 Dec 2024 | RM 8.1b | RM 10.0b | RM 255.1m | 22.1x | 31.7x | 0.8x |
| Sun, 17 Nov 2024 | RM 7.6b | RM 10.1b | RM 257.5m | 20.9x | 29.4x | 0.8x |
| Tue, 15 Oct 2024 | RM 7.5b | RM 10.2b | RM 270.3m | 26x | 27.7x | 0.7x |
| Thu, 12 Sep 2024 | RM 7.0b | RM 10.2b | RM 254.8m | 25.6x | 27.6x | 0.7x |
| Sat, 10 Aug 2024 | RM 7.6b | RM 9.8b | RM 225.5m | 27.3x | 33.7x | 0.8x |
| Mon, 08 Jul 2024 | RM 8.5b | RM 9.8b | RM 224.8m | 32.6x | 37.6x | 0.9x |
| Wed, 05 Jun 2024 | RM 8.0b | RM 9.8b | RM 223.8m | 22.3x | 35.7x | 0.8x |
| Fri, 03 May 2024 | RM 7.4b | RM 9.4b | RM 200.1m | 23.1x | 37x | 0.8x |
| Sun, 31 Mar 2024 | RM 6.1b | RM 9.4b | RM 201.8m | 18.6x | 30.4x | 0.7x |
| Tue, 27 Feb 2024 | RM 5.6b | RM 9.4b | RM 193.8m | 17.6x | 29x | 0.6x |
| Thu, 25 Jan 2024 | RM 4.7b | RM 9.1b | RM 158.0m | 15.9x | 29.5x | 0.5x |
| Sat, 23 Dec 2023 | RM 4.5b | RM 9.1b | RM 158.0m | 16.3x | 28.8x | 0.5x |
| Mon, 20 Nov 2023 | RM 4.6b | RM 8.6b | RM 149.8m | 16x | 30.4x | 0.5x |
| Wed, 18 Oct 2023 | RM 4.8b | RM 8.6b | RM 146.2m | 16.9x | 32.7x | 0.6x |
| Fri, 15 Sep 2023 | RM 4.5b | RM 8.6b | RM 196.8m | 14.5x | 22.9x | 0.5x |
| Sun, 13 Aug 2023 | RM 4.7b | RM 8.5b | RM 198.9m | 15.9x | 23.4x | 0.5x |
| Tue, 11 Jul 2023 | RM 4.5b | RM 8.5b | RM 196.9m | 14.5x | 23x | 0.5x |
| Thu, 08 Jun 2023 | RM 4.4b | RM 8.5b | RM 198.2m | 14.3x | 22.2x | 0.5x |
Price to Earnings Ratio
22.2x
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 31.1x.
- 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 grown 5.5% per year over the last three years.
- Revenues for these companies have grown 9.0% 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 | -0.88% | |
| Industrials | 0.17% | |
| Electrical | 0.52% | |
| Heavy Electrical Equipment | 5.16% | |
| Electrical Components | 0.27% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 32.4x.
- Analysts are expecting annual earnings growth of 25.6%, which is higher than its past year's earnings decline of 4.4% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 15.6x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 4.4% per year.
- In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| NORTHERN Northern Solar Holdings Berhad | RM 0.70 | 8.5% +RM 21.8m | 17.6% | PE18.1x | |
| PWRWELL Powerwell Holdings Berhad | RM 0.81 | 4.5% +RM 20.3m | 81.1% | PE19.7x | |
| SLVEST Solarvest Holdings Berhad | RM 2.85 | 0.7% +RM 19.0m | 62.9% | PE34x | |
| SCGBHD Southern Cable Group Berhad | RM 2.07 | 0.5% +RM 11.4m | 65.6% | PE17.1x | |
| SCOMNET Supercomnet Technologies Berhad | RM 0.52 | 2.0% +RM 8.5m | -42.9% | PE18x |