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Malaysian (KLSE) Utilities Sector Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies14
  • 7D1.4%
  • 3M-1.4%
  • 1Y1.2%
  • YTD-1.4%

Over the last 7 days, the Utilities industry has risen 1.1%, driven by gains from YTL Power International Berhad of 11%. Overall in the last year, the industry is flat. Looking forward, 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
Fri, 03 Apr 2026RM 183.8bRM 142.8bRM 11.7b14.9x15.8x1.3x
Sun, 01 Mar 2026RM 182.7bRM 142.8bRM 11.8b13.7x15.5x1.3x
Tue, 27 Jan 2026RM 190.5bRM 144.4bRM 11.9b14x16x1.3x
Thu, 25 Dec 2025RM 186.0bRM 144.4bRM 11.9b13.6x15.6x1.3x
Sat, 22 Nov 2025RM 191.3bRM 145.5bRM 12.3b14.1x15.6x1.3x
Mon, 20 Oct 2025RM 195.9bRM 145.9bRM 12.0b15.8x16.3x1.3x
Wed, 17 Sep 2025RM 199.3bRM 145.9bRM 12.0b16.1x16.6x1.4x
Fri, 15 Aug 2025RM 200.0bRM 148.7bRM 12.8b14.5x15.6x1.3x
Sun, 13 Jul 2025RM 196.7bRM 148.7bRM 12.8b14.1x15.4x1.3x
Tue, 10 Jun 2025RM 187.3bRM 148.7bRM 12.8b12.7x14.6x1.3x
Thu, 08 May 2025RM 186.3bRM 149.2bRM 12.8b14.8x14.6x1.2x
Sat, 05 Apr 2025RM 175.8bRM 149.2bRM 12.8b14.4x13.8x1.2x
Mon, 03 Mar 2025RM 178.1bRM 149.2bRM 12.8b14.4x13.9x1.2x
Wed, 29 Jan 2025RM 177.2bRM 147.5bRM 12.1b12.2x14.6x1.2x
Fri, 27 Dec 2024RM 199.8bRM 147.5bRM 12.1b14.9x16.5x1.4x
Sun, 24 Nov 2024RM 176.9bRM 145.4bRM 11.7b12.1x15.1x1.2x
Tue, 22 Oct 2024RM 191.2bRM 145.3bRM 11.8b12.5x16.2x1.3x
Thu, 19 Sep 2024RM 195.7bRM 145.3bRM 11.8b12.7x16.6x1.3x
Sat, 17 Aug 2024RM 208.6bRM 146.0bRM 10.2b18.6x20.5x1.4x
Mon, 15 Jul 2024RM 219.8bRM 146.0bRM 10.2b19.3x21.6x1.5x
Wed, 12 Jun 2024RM 214.7bRM 146.0bRM 10.2b18.9x21.1x1.5x
Fri, 10 May 2024RM 202.9bRM 147.2bRM 10.0b18.9x20.3x1.4x
Sun, 07 Apr 2024RM 179.4bRM 147.2bRM 10.0b18x18x1.2x
Tue, 05 Mar 2024RM 176.6bRM 147.2bRM 10.0b18x17.7x1.2x
Thu, 01 Feb 2024RM 171.6bRM 150.1bRM 9.4b14.5x18.2x1.1x
Sat, 30 Dec 2023RM 148.4bRM 150.1bRM 9.4b11.1x15.7x1x
Mon, 27 Nov 2023RM 140.6bRM 150.2bRM 9.5b10.6x14.8x0.9x
Wed, 25 Oct 2023RM 134.7bRM 152.8bRM 8.5b9.6x15.9x0.9x
Fri, 22 Sep 2023RM 139.0bRM 152.8bRM 8.5b9.3x16.4x0.9x
Sun, 20 Aug 2023RM 133.1bRM 149.1bRM 8.5b9.8x15.7x0.9x
Tue, 18 Jul 2023RM 121.7bRM 149.0bRM 8.5b9.9x14.4x0.8x
Thu, 15 Jun 2023RM 120.1bRM 149.0bRM 8.5b10.1x14.2x0.8x
Sat, 13 May 2023RM 117.8bRM 145.7bRM 8.5b10.8x13.9x0.8x
Mon, 10 Apr 2023RM 114.4bRM 145.7bRM 8.5b10.6x13.5x0.8x
Price to Earnings Ratio

13.5x


Total Market Cap: RM 114.4bTotal 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-0.40%
Utilities1.38%
Other Utilities8.70%
Gas Utilities2.73%
Water Utilities-1.32%
Electric Utilities-2.64%
Renewable Energy-3.11%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 18.1x.
    • Analysts are expecting annual earnings growth of 4.7%, 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 11.5x.
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 4.7% 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 3.2010.7%
+RM 2.7b		-3.0%PE12.3x
YTL YTL Corporation BerhadRM 1.756.1%
+RM 1.2b		-12.5%PE11.1x
PETGAS PETRONAS Gas BerhadRM 18.042.4%
+RM 831.1m		7.5%PE20.7x
GASMSIA Gas Malaysia BerhadRM 5.924.4%
+RM 321.0m		40.0%PE19.9x
MFCB Mega First Corporation BerhadRM 2.901.0%
+RM 28.3m		-28.0%PE7.1x

Latest News

MFCB
RM 2.90
Mega First Corporation Berhad
7D
1.0%
1Y
-28.0%

MFCB: Future Dividend Payout Will Support My Positive Long Term View

Analysts have trimmed their MYR fair value estimate for Mega First Corporation Berhad from about MYR4.81 to roughly MYR4.17, citing updated assumptions around revenue growth, profit margins, and the P/E multiple applied to future earnings. What's in the News Mega First Corporation Berhad declared a second and final dividend of MYR 0.05 per share for the financial year ended 31 December 2025, giving investors clear visibility on the upcoming payout schedule (company announcement).
MALAKOF
RM 0.80
Malakoff Corporation Berhad
7D
-6.5%
1Y
0.6%
GASMSIA
RM 5.92
Gas Malaysia Berhad
7D
4.4%
1Y
40.0%
PETGAS
RM 18.04
PETRONAS Gas Berhad
7D
2.4%
1Y
7.5%
TENAGA
RM 14.00
Tenaga Nasional Berhad
7D
-2.6%
1Y
3.1%
SALCON
RM 0.23
Salcon Berhad
7D
4.4%
1Y
-27.7%
RANHILL
RM 1.69
Ranhill Utilities Berhad
7D
-1.7%
1Y
38.5%
YTLPOWR
RM 3.20
YTL Power International Berhad
7D
10.7%
1Y
-3.0%
YTL
RM 1.75
YTL Corporation Berhad
7D
6.1%
1Y
-12.5%
PUNCAK
RM 0.15
Puncak Niaga Holdings Berhad
7D
-6.1%
1Y
-16.2%
TALIWRK
RM 0.39
Taliworks Corporation Berhad
7D
-2.5%
1Y
-44.6%
GENERGY
RM 0.68
Wasco Greenergy Berhad
7D
4.7%
1Y
n/a