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Malaysian (KLSE) Software Industry Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies26
  • 7D-1.0%
  • 3M-10.4%
  • 1Y-32.3%
  • YTD-33.0%

Over the last 7 days, the Software industry has dropped 1.0%, driven by declines in Nova MSC Berhad and NetX Holdings Berhad of 10.0% and 25%, respectively. In contrast, Willowglen MSC Berhad has gained 5.7%. The industry has fallen 32% in the last year. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the Malaysian Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Sep 2025RM 2.9bRM 2.1b-RM 79,227,373.0017.3x-36.4x1.4x
Wed, 13 Aug 2025RM 3.0bRM 2.0b-RM 95,967,020.0015.5x-31x1.5x
Fri, 11 Jul 2025RM 3.1bRM 2.0b-RM 91,074,659.0016.1x-33.8x1.5x
Sun, 08 Jun 2025RM 3.2bRM 1.8b-RM 127,955,826.0018.6x-24.7x1.7x
Tue, 06 May 2025RM 3.2bRM 1.8b-RM 140,424,859.0018.9x-23.1x1.8x
Thu, 03 Apr 2025RM 3.1bRM 1.9b-RM 160,091,588.0018.9x-19.5x1.7x
Sat, 01 Mar 2025RM 3.3bRM 1.8b-RM 111,962,598.0022.6x-29.4x1.9x
Mon, 27 Jan 2025RM 3.8bRM 1.7b-RM 164,859,111.0029.6x-23.1x2.2x
Wed, 25 Dec 2024RM 3.9bRM 1.7b-RM 149,131,884.0031.2x-26.5x2.3x
Fri, 22 Nov 2024RM 3.8bRM 1.7b-RM 56,735,405.0035x-67x2.3x
Sun, 20 Oct 2024RM 4.1bRM 1.7b-RM 35,068,988.0037.6x-115.6x2.4x
Tue, 17 Sep 2024RM 4.2bRM 1.7b-RM 39,525,537.0035.6x-105.2x2.5x
Thu, 15 Aug 2024RM 4.6bRM 1.7b-RM 22,360,389.0042.3x-205.6x2.8x
Sat, 13 Jul 2024RM 5.2bRM 1.7b-RM 15,191,726.0048.8x-344.1x3.1x
Mon, 10 Jun 2024RM 4.8bRM 1.7b-RM 13,132,072.0043.8x-361.9x2.9x
Wed, 08 May 2024RM 4.2bRM 1.6bRM 13.0m42.6x322.6x2.6x
Fri, 05 Apr 2024RM 3.9bRM 1.6bRM 12.7m37.9x310.4x2.5x
Sun, 03 Mar 2024RM 4.1bRM 1.6bRM 13.5m28.1x303.2x2.6x
Tue, 30 Jan 2024RM 4.4bRM 1.6bRM 65.8m25.7x66.6x2.7x
Thu, 28 Dec 2023RM 4.3bRM 1.6bRM 65.8m25.2x65.4x2.7x
Sat, 25 Nov 2023RM 4.2bRM 1.6bRM 10.8m26.7x392.9x2.6x
Mon, 23 Oct 2023RM 4.3bRM 1.6bRM 4.8m25.9x887.7x2.7x
Wed, 20 Sep 2023RM 4.3bRM 1.6bRM 10.9m27.2x396.5x2.8x
Fri, 18 Aug 2023RM 4.2bRM 1.6bRM 9.4m24.5x445.9x2.6x
Sun, 16 Jul 2023RM 4.3bRM 1.6bRM 8.7m23x491.4x2.7x
Tue, 13 Jun 2023RM 4.2bRM 1.6bRM 8.5m22x489x2.7x
Thu, 11 May 2023RM 4.1bRM 1.6b-RM 12,426,573.0015.8x-327x2.6x
Sat, 08 Apr 2023RM 3.7bRM 1.5b-RM 26,750,905.0015.7x-137.3x2.4x
Mon, 06 Mar 2023RM 3.7bRM 1.5b-RM 38,775,239.0015.4x-94.5x2.4x
Wed, 01 Feb 2023RM 3.9bRM 1.4b-RM 100,581,762.0023.1x-39.1x2.8x
Fri, 30 Dec 2022RM 3.8bRM 1.6b-RM 112,648,006.0021.5x-33.4x2.3x
Sun, 27 Nov 2022RM 3.7bRM 1.6b-RM 70,368,938.0018.7x-52.4x2.3x
Tue, 25 Oct 2022RM 3.4bRM 1.6b-RM 68,597,764.0018.1x-50.2x2.2x
Thu, 22 Sep 2022RM 3.3bRM 1.6b-RM 66,094,477.0019.2x-50.5x2.1x
Price to Earnings Ratio

-50.5x


Total Market Cap: RM 3.3bTotal Earnings: -RM 66,094,477.00Total Revenue: RM 1.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Software Industry Price to Earnings3Y Average 74.5x202320242025
Current Industry PE
  • Investors are pessimistic on the Malaysian Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Software industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 9.8% 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, which has caused losses to expand.

Industry Trends

Which industries have driven the changes within the Malaysian Tech industry?

MY Market1.24%
Tech0.46%
Software-1.02%
Application Software-0.82%
Systems Software-1.43%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 17% over the next 5 years.
    • However this is lower than its past earnings growth rate of 34% per year.
    • In contrast, the Systems Software 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?

    CompanyLast Price7D1YValuation
    WILLOW Willowglen MSC BerhadRM 0.285.7%
    +RM 7.3m
    -11.1%PS0.7x
    APPASIA AppAsia BerhadRM 0.0955.6%
    +RM 7.0m
    -34.5%PE45.6x
    SYSTECH Systech BhdRM 0.153.3%
    +RM 3.3m
    -50.0%PS1.4x
    N2N N2N Connect BerhadRM 0.381.3%
    +RM 2.8m
    -21.6%PS2.1x
    AGMO Agmo Holdings BerhadRM 0.421.2%
    +RM 1.6m
    -26.3%PE18.2x

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