Analysis Article • May 15
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Malaysian (KLSE) Materials Sector Analysis
UpdatedMay 17, 2026
DataAggregated Company Financials
Companies124
- 7D2.1%
- 3M20.0%
- 1Y37.5%
- YTD23.8%
In the last week, the Materials industry is up 2.1%, with PETRONAS Chemicals Group Berhad leading the way, up 4.1%. In the last 12 months, the industry was up 37%. As for the next few years, earnings are expected to grow by 30% per annum.
Sector Valuation and Performance
Has the Malaysian Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 17 May 2026 | RM 177.7b | RM 139.9b | RM 507.7m | 13.6x | 350.1x | 1.3x |
| Tue, 14 Apr 2026 | RM 171.1b | RM 138.6b | RM 307.8m | 13x | 555.7x | 1.2x |
| Thu, 12 Mar 2026 | RM 153.1b | RM 139.2b | RM 265.9m | 13.3x | 575.7x | 1.1x |
| Sat, 07 Feb 2026 | RM 146.1b | RM 138.7b | RM 2.6b | 14.8x | 57.2x | 1.1x |
| Mon, 05 Jan 2026 | RM 143.9b | RM 138.7b | RM 2.5b | 15.1x | 56.9x | 1x |
| Wed, 03 Dec 2025 | RM 138.9b | RM 138.7b | RM 2.5b | 14.5x | 55.6x | 1x |
| Fri, 31 Oct 2025 | RM 141.2b | RM 138.5b | RM 1.2b | 15.1x | 113.6x | 1x |
| Sun, 28 Sep 2025 | RM 143.7b | RM 138.7b | RM 1.3b | 16.3x | 114.6x | 1x |
| Tue, 26 Aug 2025 | RM 138.1b | RM 138.0b | RM 1.3b | 15.1x | 104x | 1x |
| Thu, 24 Jul 2025 | RM 124.0b | RM 139.5b | RM 3.5b | 13.5x | 35.5x | 0.9x |
| Sat, 21 Jun 2025 | RM 117.1b | RM 139.5b | RM 3.5b | 13.3x | 33.5x | 0.8x |
| Mon, 19 May 2025 | RM 129.5b | RM 139.1b | RM 4.3b | 14.3x | 30x | 0.9x |
| Wed, 16 Apr 2025 | RM 118.4b | RM 140.0b | RM 4.3b | 13x | 27.5x | 0.8x |
| Fri, 14 Mar 2025 | RM 124.3b | RM 140.0b | RM 4.4b | 13.6x | 28.5x | 0.9x |
| Sun, 09 Feb 2025 | RM 134.8b | RM 138.3b | RM 3.5b | 13.7x | 38.1x | 1x |
| Tue, 07 Jan 2025 | RM 138.7b | RM 138.4b | RM 3.9b | 14.8x | 35.9x | 1x |
| Thu, 05 Dec 2024 | RM 138.7b | RM 136.8b | RM 3.7b | 14x | 37.3x | 1x |
| Sat, 02 Nov 2024 | RM 138.8b | RM 134.5b | RM 5.2b | 14.3x | 26.9x | 1x |
| Mon, 30 Sep 2024 | RM 145.4b | RM 134.5b | RM 5.2b | 14.4x | 28.1x | 1.1x |
| Wed, 28 Aug 2024 | RM 148.7b | RM 134.0b | RM 5.0b | 14.9x | 29.8x | 1.1x |
| Fri, 26 Jul 2024 | RM 151.5b | RM 132.7b | RM 4.7b | 16.2x | 32x | 1.1x |
| Sun, 23 Jun 2024 | RM 159.9b | RM 132.4b | RM 4.7b | 15.7x | 34.1x | 1.2x |
| Tue, 21 May 2024 | RM 162.7b | RM 131.5b | RM 4.3b | 16x | 37.5x | 1.2x |
| Thu, 18 Apr 2024 | RM 155.5b | RM 131.3b | RM 4.3b | 16.1x | 36.2x | 1.2x |
| Sat, 16 Mar 2024 | RM 150.8b | RM 131.0b | RM 4.3b | 15.6x | 35.4x | 1.2x |
| Mon, 12 Feb 2024 | RM 148.4b | RM 133.7b | RM 4.2b | 16.1x | 35x | 1.1x |
| Wed, 10 Jan 2024 | RM 155.1b | RM 134.1b | RM 4.0b | 16.6x | 38.7x | 1.2x |
| Fri, 08 Dec 2023 | RM 148.6b | RM 134.0b | RM 3.9b | 15.9x | 37.8x | 1.1x |
| Sun, 05 Nov 2023 | RM 151.7b | RM 136.2b | RM 5.5b | 15.3x | 27.6x | 1.1x |
| Tue, 03 Oct 2023 | RM 150.2b | RM 136.7b | RM 5.2b | 15.5x | 28.9x | 1.1x |
| Thu, 31 Aug 2023 | RM 152.2b | RM 136.9b | RM 5.6b | 15.8x | 27.1x | 1.1x |
| Sat, 29 Jul 2023 | RM 150.6b | RM 140.1b | RM 7.3b | 13.4x | 20.6x | 1.1x |
| Mon, 26 Jun 2023 | RM 140.3b | RM 141.4b | RM 7.5b | 12.5x | 18.7x | 1x |
| Wed, 24 May 2023 | RM 144.9b | RM 139.7b | RM 9.7b | 11.1x | 15x | 1x |
Price to Earnings Ratio
15x
Current Industry PE
- Investors are optimistic on the Malaysian Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 350x which is higher than its 3-year average PE of 76.6x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 63% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Malaysian Materials sector?
| MY Market | -0.082% | |
| Materials | 2.09% | |
| Chemicals | 2.51% | |
| Metals and Mining | 2.04% | |
| Paper and Forestry Products | 1.16% | |
| Packaging | 1.14% | |
| Basic Materials | 0.99% | |
Industry PE
- Investors are most optimistic about the Packaging industry which is trading above its 3-year average PE ratio of 36.5x.
- Analysts are expecting annual earnings growth of 29.3%, which is higher than its past year's earnings decline of 6.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 60% over the next 5 years.
- This is better than its past earnings growth rate of 3.5% per year.
- In contrast, the Basic Materials industry is expected to see its earnings grow by 4.5% 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 | |
|---|---|---|---|---|---|
| PCHEM PETRONAS Chemicals Group Berhad | RM 5.59 | 4.1% +RM 1.8b | 43.3% | PS1.6x | |
| PMETAL Press Metal Aluminium Holdings Berhad | RM 8.89 | 2.4% +RM 1.7b | 75.7% | PE34.9x | |
| HEXTAR Hextar Global Berhad | RM 0.80 | 7.4% +RM 211.8m | -16.7% | PE50.2x | |
| MSC Malaysia Smelting Corporation Berhad | RM 2.13 | 6.0% +RM 100.8m | 64.5% | PE21.8x | |
| MCEMENT Malayan Cement Berhad | RM 7.28 | 0.8% +RM 83.4m | 47.1% | PE12.9x |
