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Malaysian (KLSE) IT Industry Analysis
UpdatedJan 27, 2026
DataAggregated Company Financials
Companies28
- 7D-0.4%
- 3M-30.3%
- 1Y-39.0%
- YTD-0.7%
Last week, the IT industry hasn't moved much but FSBM Holdings Berhad is up 5.9% in that time. Unfortunately though, the industry is down 39% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.
Industry Valuation and Performance
Has the Malaysian IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 28 Jan 2026 | RM 4.4b | RM 3.6b | RM 247.1m | 14.7x | 18x | 1.2x |
| Fri, 26 Dec 2025 | RM 4.6b | RM 3.6b | RM 244.3m | 15.1x | 18.7x | 1.3x |
| Sun, 23 Nov 2025 | RM 5.1b | RM 3.2b | RM 107.1m | 17x | 47.3x | 1.6x |
| Tue, 21 Oct 2025 | RM 6.6b | RM 3.2b | RM 105.8m | 18x | 62.4x | 2.1x |
| Thu, 18 Sep 2025 | RM 6.8b | RM 3.2b | RM 61.5m | 16.5x | 110.3x | 2.1x |
| Sat, 16 Aug 2025 | RM 6.2b | RM 3.1b | RM 23.7m | 18.3x | 260.5x | 2x |
| Mon, 14 Jul 2025 | RM 6.0b | RM 2.8b | RM 46.3m | 17.9x | 129.4x | 2.1x |
| Wed, 11 Jun 2025 | RM 5.8b | RM 3.1b | RM 27.8m | 19.8x | 210x | 1.9x |
| Fri, 09 May 2025 | RM 6.0b | RM 3.0b | -RM 3,197,250.00 | 19.6x | -1882.7x | 2x |
| Sun, 06 Apr 2025 | RM 5.8b | RM 3.0b | -RM 2,561,447.00 | 20.7x | -2252.2x | 1.9x |
| Tue, 04 Mar 2025 | RM 5.7b | RM 3.0b | RM 44.5m | 21.7x | 128.6x | 1.9x |
| Thu, 30 Jan 2025 | RM 6.4b | RM 3.1b | RM 13.5m | 25x | 478.9x | 2.1x |
| Sat, 28 Dec 2024 | RM 6.8b | RM 3.1b | -RM 32,607,186.00 | 27.3x | -207.7x | 2.2x |
| Mon, 25 Nov 2024 | RM 6.7b | RM 3.3b | -RM 12,877,351.00 | 27.7x | -516.9x | 2x |
| Wed, 23 Oct 2024 | RM 6.5b | RM 3.1b | -RM 63,146,108.00 | 27.9x | -102.3x | 2.1x |
| Fri, 20 Sep 2024 | RM 6.4b | RM 3.1b | -RM 45,529,758.00 | 25.1x | -141.4x | 2.1x |
| Sun, 18 Aug 2024 | RM 6.7b | RM 3.1b | -RM 52,138,270.00 | 34x | -127.8x | 2.1x |
| Tue, 16 Jul 2024 | RM 6.9b | RM 3.1b | -RM 54,633,725.00 | 29.4x | -126.6x | 2.2x |
| Thu, 13 Jun 2024 | RM 6.0b | RM 3.1b | -RM 73,920,263.00 | 25.6x | -80.8x | 1.9x |
| Sat, 11 May 2024 | RM 5.4b | RM 3.1b | -RM 23,079,361.00 | 25.8x | -235x | 1.8x |
| Mon, 08 Apr 2024 | RM 5.2b | RM 3.2b | -RM 7,938,032.00 | 21.9x | -652.7x | 1.6x |
| Wed, 06 Mar 2024 | RM 4.9b | RM 3.2b | -RM 8,054,032.00 | 22.3x | -607.9x | 1.5x |
| Fri, 02 Feb 2024 | RM 4.8b | RM 3.2b | -RM 2,338,481.00 | 18x | -2031.9x | 1.5x |
| Sun, 31 Dec 2023 | RM 4.9b | RM 3.2b | -RM 6,233,481.00 | 17.8x | -793.6x | 1.5x |
| Tue, 28 Nov 2023 | RM 5.0b | RM 3.1b | RM 13.6m | 19.5x | 363.4x | 1.6x |
| Thu, 26 Oct 2023 | RM 4.9b | RM 3.1b | RM 12.1m | 20.5x | 402x | 1.6x |
| Sat, 23 Sep 2023 | RM 4.9b | RM 3.1b | RM 10.6m | 18.6x | 460.1x | 1.6x |
| Mon, 21 Aug 2023 | RM 5.0b | RM 3.0b | RM 31.0m | 22.5x | 161.1x | 1.7x |
| Wed, 19 Jul 2023 | RM 5.1b | RM 3.0b | RM 5.8m | 22.5x | 880.8x | 1.7x |
| Fri, 16 Jun 2023 | RM 6.5b | RM 4.4b | RM 4.8m | 19.6x | 1335.1x | 1.5x |
| Sun, 14 May 2023 | RM 5.9b | RM 4.3b | RM 357.3m | 17.9x | 16.4x | 1.4x |
| Tue, 11 Apr 2023 | RM 6.6b | RM 4.3b | RM 356.6m | 22.9x | 18.4x | 1.5x |
| Thu, 09 Mar 2023 | RM 8.2b | RM 5.1b | RM 403.8m | 29.4x | 20.3x | 1.6x |
| Sat, 04 Feb 2023 | RM 8.9b | RM 5.0b | RM 386.6m | 31.7x | 23.1x | 1.8x |
Price to Earnings Ratio
23.1x
Current Industry PE
- Investors are pessimistic on the Malaysian IT 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 18.0x which is higher than its 3-year average PE of -13.6x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 14% per year over the last three years,
- Revenues have also declined 10.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Malaysian Tech industry?
| MY Market | 1.25% | |
| Tech | -2.09% | |
| IT | -0.44% | |
| Data Processing Services | 11.40% | |
| IT Consulting | -0.37% | |
| Internet Services and Infrastructure | -2.44% | |
Industry PE
- Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 19.6x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Internet Services and Infrastructure industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 13% over the next 5 years.
- However this is lower than its past earnings growth rate of 17% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| FSBM FSBM Holdings Berhad | RM 0.18 | 5.9% +RM 5.4m | -30.8% | PS7.7x | |
| TECHSTORE TechStore Berhad | RM 0.26 | 4.0% +RM 5.0m | n/a | PE20.7x | |
| ICTZONE ICT Zone Asia Berhad | RM 0.17 | 2.9% +RM 4.0m | n/a | PE10.1x | |
| PRIVA Privasia Technology Berhad | RM 0.08 | 6.7% +RM 3.4m | -20.0% | PE13.6x | |
| SRIDGE Silver Ridge Holdings Bhd | RM 0.30 | 1.7% +RM 1.9m | -46.0% | PE74.2x |
