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Malaysian (KLSE) Utilities Sector Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies14
  • 7D-2.6%
  • 3M-0.04%
  • 1Y0.6%
  • YTD-4.9%

Over the last 7 days, the Utilities industry has dropped 4.6%, driven by pullbacks from every company within the industry. As for the longer term, the industry's performance has been flat for the past year. 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
Wed, 11 Mar 2026RM 177.2bRM 142.8bRM 11.7b14.1x15.2x1.2x
Fri, 06 Feb 2026RM 184.3bRM 144.4bRM 11.9b13.7x15.4x1.3x
Sun, 04 Jan 2026RM 186.3bRM 144.4bRM 11.9b13.8x15.6x1.3x
Tue, 02 Dec 2025RM 182.2bRM 144.2bRM 11.9b12.9x15.3x1.3x
Thu, 30 Oct 2025RM 196.4bRM 145.9bRM 12.0b15.8x16.3x1.3x
Sat, 27 Sep 2025RM 199.6bRM 145.9bRM 12.0b15.9x16.6x1.4x
Mon, 25 Aug 2025RM 202.3bRM 147.2bRM 12.4b15.6x16.3x1.4x
Wed, 23 Jul 2025RM 195.1bRM 148.7bRM 12.8b13.8x15.2x1.3x
Fri, 20 Jun 2025RM 189.9bRM 148.7bRM 12.8b12.9x14.8x1.3x
Sun, 18 May 2025RM 189.3bRM 149.2bRM 12.8b14.9x14.8x1.3x
Tue, 15 Apr 2025RM 172.4bRM 149.2bRM 12.8b14.2x13.5x1.2x
Thu, 13 Mar 2025RM 169.9bRM 149.2bRM 12.8b14x13.3x1.1x
Sat, 08 Feb 2025RM 183.2bRM 147.5bRM 12.1b12.4x15.1x1.2x
Mon, 06 Jan 2025RM 205.7bRM 147.5bRM 12.1b15.5x16.9x1.4x
Wed, 04 Dec 2024RM 185.5bRM 147.5bRM 12.1b12.9x15.3x1.3x
Fri, 01 Nov 2024RM 180.5bRM 145.3bRM 11.7b11.9x15.4x1.2x
Sun, 29 Sep 2024RM 196.2bRM 145.3bRM 11.8b12.8x16.6x1.4x
Tue, 27 Aug 2024RM 201.3bRM 144.4bRM 10.1b18.1x19.9x1.4x
Thu, 25 Jul 2024RM 216.1bRM 146.0bRM 10.2b18.9x21.3x1.5x
Sat, 22 Jun 2024RM 212.8bRM 146.0bRM 10.2b18.7x20.9x1.5x
Mon, 20 May 2024RM 211.6bRM 147.2bRM 10.0b20x21.2x1.4x
Wed, 17 Apr 2024RM 178.8bRM 147.2bRM 10.0b17.3x17.9x1.2x
Fri, 15 Mar 2024RM 174.2bRM 147.2bRM 10.0b17.7x17.4x1.2x
Sun, 11 Feb 2024RM 171.5bRM 150.1bRM 9.4b14.9x18.2x1.1x
Tue, 09 Jan 2024RM 163.8bRM 150.1bRM 9.4b14.1x17.4x1.1x
Thu, 07 Dec 2023RM 140.2bRM 150.1bRM 9.4b10.7x14.9x0.9x
Sat, 04 Nov 2023RM 141.2bRM 152.9bRM 8.5b10.5x16.5x0.9x
Mon, 02 Oct 2023RM 137.6bRM 152.8bRM 8.5b9.4x16.2x0.9x
Wed, 30 Aug 2023RM 139.9bRM 152.8bRM 8.5b9.4x16.4x0.9x
Fri, 28 Jul 2023RM 125.8bRM 149.0bRM 8.5b9.9x14.8x0.8x
Sun, 25 Jun 2023RM 119.2bRM 149.0bRM 8.5b9.8x14.1x0.8x
Tue, 23 May 2023RM 121.8bRM 146.4bRM 8.5b10.4x14.3x0.8x
Thu, 20 Apr 2023RM 114.7bRM 145.7bRM 8.5b10.6x13.6x0.8x
Sat, 18 Mar 2023RM 113.9bRM 145.7bRM 8.5b10.2x13.5x0.8x
Price to Earnings Ratio

13.5x


Total Market Cap: RM 113.9bTotal 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-1.42%
Utilities-2.57%
Gas Utilities-1.32%
Electric Utilities-1.67%
Water Utilities-3.35%
Renewable Energy-4.51%
Other Utilities-5.02%
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 below 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
No data available

Latest News

TENAGA
RM 14.14
Tenaga Nasional Berhad
7D
-1.7%
1Y
5.5%
MFCB
RM 2.95
Mega First Corporation Berhad
7D
-4.2%
1Y
-26.1%

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.
RANHILL
RM 1.70
Ranhill Utilities Berhad
7D
-2.9%
1Y
41.7%
YTLPOWR
RM 2.70
YTL Power International Berhad
7D
-3.6%
1Y
-12.6%
YTL
RM 1.67
YTL Corporation Berhad
7D
-6.7%
1Y
-9.2%
PETGAS
RM 17.60
PETRONAS Gas Berhad
7D
-1.3%
1Y
5.9%
GASMSIA
RM 4.95
Gas Malaysia Berhad
7D
-1.2%
1Y
20.7%
MALAKOF
RM 0.75
Malakoff Corporation Berhad
7D
-5.1%
1Y
-1.3%