Some Confidence Is Lacking In VSTECS Berhad's (KLSE:VSTECS) P/E
Aug 14
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Malaysian (KLSE) Electronic Equipment and Components Industry Analysis
UpdatedAug 19, 2025
DataAggregated Company Financials
Companies36
- 7D1.1%
- 3M-0.9%
- 1Y-19.6%
- YTD-23.0%
In the last week, the Electronic Equipment and Components industry is up 1.1%, with VSTECS Berhad up 10%. During this same period, the NationGate Holdings Berhad underperformed, falling 7.2%. However, the industry is down 20% over the past year. As for the next few years, earnings are expected to grow by 17% per annum.
Industry Valuation and Performance
Has the Malaysian Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 19 Aug 2025 | RM 20.9b | RM 24.1b | RM 679.7m | 19.6x | 30.7x | 0.9x |
| Thu, 17 Jul 2025 | RM 20.7b | RM 23.8b | RM 667.2m | 19.2x | 31x | 0.9x |
| Sat, 14 Jun 2025 | RM 20.1b | RM 23.2b | RM 662.7m | 17.8x | 30.4x | 0.9x |
| Mon, 12 May 2025 | RM 20.7b | RM 20.7b | RM 353.8m | 17x | 58.4x | 1x |
| Wed, 09 Apr 2025 | RM 17.3b | RM 20.7b | RM 348.8m | 16.1x | 49.6x | 0.8x |
| Fri, 07 Mar 2025 | RM 21.2b | RM 20.8b | RM 355.8m | 19.4x | 59.7x | 1x |
| Sun, 02 Feb 2025 | RM 23.3b | RM 17.7b | RM 364.8m | 26x | 63.9x | 1.3x |
| Tue, 31 Dec 2024 | RM 26.7b | RM 17.7b | RM 367.5m | 27.7x | 72.6x | 1.5x |
| Thu, 28 Nov 2024 | RM 24.5b | RM 16.4b | RM 336.0m | 34.9x | 72.9x | 1.5x |
| Sat, 26 Oct 2024 | RM 23.5b | RM 16.3b | RM 409.3m | 27.4x | 57.5x | 1.4x |
| Mon, 23 Sep 2024 | RM 23.5b | RM 16.0b | RM 351.0m | 30.6x | 66.9x | 1.5x |
| Wed, 21 Aug 2024 | RM 25.7b | RM 16.0b | RM 374.6m | 31.3x | 68.6x | 1.6x |
| Fri, 19 Jul 2024 | RM 28.5b | RM 16.0b | RM 363.1m | 32.8x | 78.6x | 1.8x |
| Sun, 16 Jun 2024 | RM 26.6b | RM 15.9b | RM 327.7m | 35x | 81.1x | 1.7x |
| Tue, 14 May 2024 | RM 22.1b | RM 16.0b | RM 274.1m | 24.5x | 80.5x | 1.4x |
| Thu, 11 Apr 2024 | RM 20.2b | RM 15.9b | RM 273.3m | 20.1x | 73.9x | 1.3x |
| Sat, 09 Mar 2024 | RM 18.4b | RM 16.2b | RM 280.7m | 19.4x | 65.5x | 1.1x |
| Mon, 05 Feb 2024 | RM 17.7b | RM 16.6b | RM 103.9m | 18.7x | 170.4x | 1.1x |
| Wed, 03 Jan 2024 | RM 18.5b | RM 16.6b | RM 101.8m | 19.7x | 181.7x | 1.1x |
| Fri, 01 Dec 2023 | RM 18.2b | RM 17.2b | RM 318.3m | 19.3x | 57.3x | 1.1x |
| Sun, 29 Oct 2023 | RM 17.9b | RM 17.3b | RM 379.6m | 21.2x | 47.1x | 1x |
| Tue, 26 Sep 2023 | RM 19.4b | RM 17.2b | RM 340.2m | 25.4x | 57x | 1.1x |
| Thu, 24 Aug 2023 | RM 18.6b | RM 17.7b | RM 410.6m | 22.9x | 45.4x | 1.1x |
| Sat, 22 Jul 2023 | RM 18.5b | RM 17.8b | RM 597.8m | 22x | 30.9x | 1x |
| Mon, 19 Jun 2023 | RM 18.0b | RM 17.7b | RM 590.4m | 21.7x | 30.4x | 1x |
| Wed, 17 May 2023 | RM 18.0b | RM 18.2b | RM 721.3m | 17.1x | 24.9x | 1x |
| Fri, 14 Apr 2023 | RM 18.8b | RM 18.2b | RM 720.4m | 19.1x | 26x | 1x |
| Sun, 12 Mar 2023 | RM 18.9b | RM 17.7b | RM 717.1m | 18.9x | 26.4x | 1.1x |
| Tue, 07 Feb 2023 | RM 19.2b | RM 17.8b | RM 827.8m | 20.9x | 23.2x | 1.1x |
| Thu, 05 Jan 2023 | RM 14.8b | RM 17.1b | RM 771.3m | 17.7x | 19.1x | 0.9x |
| Sat, 03 Dec 2022 | RM 13.3b | RM 16.2b | RM 498.5m | 17.7x | 26.7x | 0.8x |
| Mon, 31 Oct 2022 | RM 12.3b | RM 16.5b | RM 459.0m | 16.3x | 26.7x | 0.7x |
| Wed, 28 Sep 2022 | RM 13.2b | RM 16.4b | RM 465.0m | 18x | 28.3x | 0.8x |
| Fri, 26 Aug 2022 | RM 13.3b | RM 14.9b | RM 409.1m | 22.5x | 32.5x | 0.9x |
Price to Earnings Ratio
32.5x
Current Industry PE
- Investors are pessimistic on the Malaysian Electronic industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 30.7x which is lower than its 3-year average PE of 58.4x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.87x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 17% 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 Tech industry?
| MY Market | 0.93% | |
| Tech | 2.97% | |
| Electronic Equipment and Components | 1.10% | |
| Technology Distributors | 6.19% | |
| Electronic Equipment and Instruments | 1.74% | |
| Electronic Components | 1.24% | |
| Electronic Manufacturing Services | -0.81% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 18.2%, which is higher than its past year's earnings decline of 27.8% per year.
- Investors are most pessimistic about the Electronic Manufacturing Services industry, which is trading below its 3-year average of 39.6x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 23% over the next 5 years.
- This is better than its past earnings growth rate of 1.7% per year.
- In contrast, the Electronic Manufacturing Services industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| VSTECS VSTECS Berhad | RM 3.77 | 10.2% +RM 124.8m | 16.4% | PE17x | |
| VS V.S. Industry Berhad | RM 0.78 | 3.3% +RM 93.3m | -33.9% | PE20.8x | |
| ITMAX ITMAX System Berhad | RM 4.50 | 2.0% +RM 92.9m | 31.6% | PE56.3x | |
| UCHITEC Uchi Technologies Berhad | RM 3.28 | 2.5% +RM 37.0m | -13.7% | PE14.7x | |
| CREST Crest Group Berhad | RM 0.21 | 20.0% +RM 30.3m | n/a | PE19.6x |
