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Malaysian (KLSE) Utilities Sector Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies14
  • 7D-0.5%
  • 3M-1.3%
  • 1Y0.6%
  • YTD-4.0%

Last week, the Utilities industry hasn't moved much but YTL Power International Berhad is up 3.3% in that time. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 7.8% annually.

Sector Valuation and Performance

Has the Malaysian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026RM 178.9bRM 142.8bRM 11.7b14.7x15.3x1.3x
Tue, 10 Feb 2026RM 186.7bRM 144.4bRM 11.9b14x15.6x1.3x
Thu, 08 Jan 2026RM 186.3bRM 144.4bRM 11.9b13.7x15.6x1.3x
Sat, 06 Dec 2025RM 178.0bRM 144.2bRM 11.9b12.9x14.9x1.2x
Mon, 03 Nov 2025RM 197.7bRM 145.8bRM 12.2b15.8x16.2x1.4x
Wed, 01 Oct 2025RM 200.7bRM 145.9bRM 12.0b16x16.7x1.4x
Fri, 29 Aug 2025RM 197.6bRM 147.2bRM 12.4b15.1x15.9x1.3x
Sun, 27 Jul 2025RM 196.2bRM 148.7bRM 12.8b14.3x15.3x1.3x
Tue, 24 Jun 2025RM 188.1bRM 148.7bRM 12.8b12.6x14.7x1.3x
Thu, 22 May 2025RM 186.0bRM 149.2bRM 12.8b14.9x14.6x1.2x
Sat, 19 Apr 2025RM 175.2bRM 149.2bRM 12.8b14.3x13.7x1.2x
Mon, 17 Mar 2025RM 174.9bRM 149.2bRM 12.8b14.4x13.7x1.2x
Wed, 12 Feb 2025RM 183.3bRM 147.5bRM 12.1b12.4x15.1x1.2x
Fri, 10 Jan 2025RM 197.8bRM 147.5bRM 12.1b13.9x16.3x1.3x
Sun, 08 Dec 2024RM 188.0bRM 147.5bRM 12.1b13.3x15.5x1.3x
Tue, 05 Nov 2024RM 183.4bRM 145.3bRM 11.7b12x15.6x1.3x
Thu, 03 Oct 2024RM 195.8bRM 145.3bRM 11.8b12.9x16.6x1.3x
Sat, 31 Aug 2024RM 203.3bRM 145.3bRM 11.7b17.3x17.4x1.4x
Mon, 29 Jul 2024RM 212.8bRM 146.0bRM 10.2b18.7x20.9x1.5x
Wed, 26 Jun 2024RM 208.0bRM 146.0bRM 10.2b18x20.5x1.4x
Fri, 24 May 2024RM 215.7bRM 147.1bRM 10.0b20.1x21.5x1.5x
Sun, 21 Apr 2024RM 180.3bRM 147.2bRM 10.0b17.4x18.1x1.2x
Tue, 19 Mar 2024RM 179.8bRM 147.2bRM 10.0b17.6x18x1.2x
Thu, 15 Feb 2024RM 172.3bRM 150.1bRM 9.4b14.6x18.3x1.1x
Sat, 13 Jan 2024RM 165.5bRM 150.1bRM 9.4b13.8x17.5x1.1x
Mon, 11 Dec 2023RM 142.6bRM 150.1bRM 9.4b10.8x15.1x1x
Wed, 08 Nov 2023RM 141.2bRM 152.9bRM 8.5b11.1x16.5x0.9x
Fri, 06 Oct 2023RM 135.9bRM 152.8bRM 8.5b9.4x16x0.9x
Sun, 03 Sep 2023RM 139.3bRM 152.8bRM 8.5b9.3x16.4x0.9x
Tue, 01 Aug 2023RM 126.4bRM 149.0bRM 8.5b9.8x14.9x0.8x
Thu, 29 Jun 2023RM 119.5bRM 149.0bRM 8.5b9.8x14.1x0.8x
Sat, 27 May 2023RM 121.6bRM 147.8bRM 8.5b10.2x14.3x0.8x
Mon, 24 Apr 2023RM 114.9bRM 145.7bRM 8.5b10.7x13.6x0.8x
Wed, 22 Mar 2023RM 113.4bRM 145.7bRM 8.5b10.2x13.4x0.8x
Price to Earnings Ratio

13.4x


Total Market Cap: RM 113.4bTotal Earnings: RM 8.5bTotal Revenue: RM 145.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Utilities Sector Price to Earnings3Y Average 16.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Malaysian Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 16.2x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 11% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Malaysian Utilities sector?

MY Market-1.09%
Utilities-0.51%
Other Utilities0.45%
Electric Utilities0%0
Water Utilities-0.39%
Gas Utilities-2.17%
Renewable Energy-2.55%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry, which is trading close to its 3-year average PE ratio of 18.1x.
    • Analysts are expecting annual earnings growth of 4.8%, which is higher than its past year's earnings decline of 9.7% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading close to its 3-year average of 11.4x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 49% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings grow by 4.8% 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
YTLPOWR YTL Power International BerhadRM 2.823.3%
+RM 777.5m		-9.6%PE10.9x
GASMSIA Gas Malaysia BerhadRM 5.285.4%
+RM 346.7m		26.6%PE17.8x
PBA PBA Holdings BhdRM 1.871.1%
+RM 6.6m		-6.5%PE5.4x
EDEN Eden BerhadRM 0.153.3%
+RM 2.5m		-3.1%PE2.7x

Latest News

MFCB
RM 2.81
Mega First Corporation Berhad
7D
-6.3%
1Y
-33.1%

MFCB: Future P/E Repricing Will Support A Stronger Bullish Outlook

Narrative Update on Mega First Corporation Berhad The analyst price target for Mega First Corporation Berhad has been adjusted from MYR5.80 to MYR5.39 as analysts update their assumptions for revenue growth, profit margins, and future P/E expectations. Valuation Changes Fair Value: trimmed from MYR5.80 to MYR5.39, indicating a modest reduction in the implied valuation per share.
PBA
RM 1.87
PBA Holdings Bhd
7D
1.1%
1Y
-6.5%
EDEN
RM 0.15
Eden Berhad
7D
3.3%
1Y
-3.1%
YTLPOWR
RM 2.82
YTL Power International Berhad
7D
3.3%
1Y
-9.6%
YTL
RM 1.68
YTL Corporation Berhad
7D
-2.9%
1Y
-13.0%
PUNCAK
RM 0.19
Puncak Niaga Holdings Berhad
7D
-2.6%
1Y
15.2%
PETGAS
RM 17.50
PETRONAS Gas Berhad
7D
-3.5%
1Y
5.0%
GASMSIA
RM 5.28
Gas Malaysia Berhad
7D
5.4%
1Y
26.6%
TALIWRK
RM 0.41
Taliworks Corporation Berhad
7D
-2.4%
1Y
-40.3%
GENERGY
RM 0.67
Wasco Greenergy Berhad
7D
-0.7%
1Y
n/a